Have an interest in buying and selling cars? If yes, then car resale business idea is the best option for you. Car resale business is a lucrative business opportunity because of increased demand for used cars. Act now before the time runs out and use car resale business idea and generate huge profits.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
If you are car enthusiastic having some business sense, then car resale business idea can prove life- changing for you. Experience as a sales manager will be additionally beneficial. To run this business successfully you will require car knowledge, similarities, and differences between different models of cars and market prices. This business usually makes money by selling used cars. However, you should maintain an exceptionally good supply chain to buy cars at a low price, so that maximum profit can be earned. As a car resale business owner, you have to target both car buyers and car sellers.
Economy and business reputation are major challenges in car resale business. It is crucial to price used cars competitively for the market depending on the economic conditions. However, you always need to prepare yourself for the bad times. Make plans to counter economic instability in the market. Moreover,
buyers want to save their money from the price of buying new cars and in return wish to get maximum safety and performance assurances that generally come with a new car.
On the other hand, customer service for the sellers should be the same as with the buyers. Satisfied sellers will support your business through word of mouth marketing just like the buyers and by using the available car selling platforms, you can increase your business in a short time. Consequently, your cost of
marketing will go down with this referral business. Car resale business idea will generate huge profits but it needs to be properly managed and well- positioned.
Your target market will consist of both car sellers and buyers. Buy cars at a reasonable price and then sell it at a higher price to guarantee a profit. Try to buy stock from the secondary market through auctions.
- Showroom: You can make your showroom in a prominent and visible location. Locate your car resale showroom where lower and middle-class society lives. Such a location will bring you more customers as well as you will also be able to rent a shop at lower rates.
- Social Media: Use social media channels (Instagram, Twitter, Facebook, Youtube) to promote your business and convert your audience into potential customers.
- Website: Make a business website to target your audience effectively. Online presence will promote and expand your business.
The startup cost of car resale business idea will be medium. However, the profit margin is quite handsome in car resale business. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- A flexible business allowing you to meet interesting clients and fulfill your car passion
- The prices of used cars are generally low and you can easily get high profit
- Effective marketing strategy in your locality will enhance market potential
- Medium startup investment with high revenue potential