Post by Ismail AbdulAzeez on Nov 27, 2017 18:32:15 GMT 1
How to buy and sell used cars
There are three things that people expect from a very comfortable person. 1) Vehicle 2) Family 3) House. Nigerians being lover of exotic cars have recently shown keen interest in riding good cars. This import/export business is yet to be tapped by business people.
With the gradual recovery and growth of the economy, the automobile industry is rapidly picking up. Do you want to learn how to make money buying and selling used cars online? Do you want to start a car dealership business?
A buy and sell opportunity can turn into a lucrative business provided that 3rou do it well. This is especially true especially if you are considering the idea of how to buy and sell used cars. As technology increases and state-of- the art cars are being produced, people will always have the need to buy new vehicles; thus also creating the need to disposed of old ones.
What does it take to start a car dealership business online or offline?
Most people believe that massive capital is needed to become a used car dealer but I stand to tell you that you can become a used car dealer without a dime of your own. What you need most is the right knowledge, a plan, some marketing skills and most importantly, integrity. Yes, you need to be honest if you must make it big in this business.
Secondly, I want you to understand that you can buy and sell used cars regardless of the country you reside. Whether you are in United States, U.K, Canada, Singapore, Nigeria, Ghana, etc; you can buy and sell used cars.
Now for those in Nigeria, you can visit the Autos section of Nairaland.com and see the volume of cars being sold there daily. If you are also observant, you will notice that vehicles are also pre-ordered from the U.S with the buyer’s money. This proves the fact that money is not the most important prerequisite to buy and sell used cars, integrity is. Now how do you buy and sell used cars online for a profit even if you have no money?
To be successful in the car dealership business and to avoid getting into trouble with the law, you need to familiarize yourself with the specific guidelines set by the government in an effort to regulate this industry. It. is important that you abide by the rules and operate legally to avoid costly consequences. With this said, the following are some of the basic things you need to take care of first.
How to Buy and Sell Used Cars Online for Profits Apply for a dealer’s license
The requirements for obtaining a dealer’s license can vary from one state to another. In general though, there are courses and a licensing exam you may • need to take and pass. A dealer’s license is one of the crucial requirements to buy and sell used cars. That’s because this license will enable you to legally operate your business. Though I must( admit the fact that there are a lot oinon-licensed deals, crooks, salesmen and middlemen in this industry; therefore, a license will help separate you from the pack.
Consider the business site
Another important step to buying and selling used cars is determining the business site; I mean where you will locate your business. For some people, they want the business to be as close to home as possible. But before that, you have to look for an appropriate space where you can use for displaying and selling the used cars. It has to be big enough to house your car inventory. But if you lack the space and the capital to go it big, you can start your car business online based on customers pre-order so as to avoid stocking up inventory.
Determine the market’s demand
Another crucial aspect you can take towards becoming a successful car dealer is identifying and relating to the potential buyers’ demands. You just do not need to buy a functional car. You need to get used cars that your potential customers will like. That means you have to research on the type and brand of cars that are in demand. But if you are going to be importing based on customer’s request or order, then what you should bother yourself with B the sourcing of the cars.
Start building your inventory
After getting your dealer’s license, identifying and securing a business site and determining the demands of the market, you should be ready to proceed to the next step which is buying and building your car inventory. With your dealer’s license at hand, you should be able to purchase used cars at a wholesale price.
You can research and watch out for private auctions for automobiles where you can avail of the items at costs way below their regular market prices. This however will depend ’on the country you intend sourcing your cars from. If you know how to go through the bidding process properly, it can prove to be a rewarding step. So, take your time in learning the ropes.
Aside from attending private car auctions, you can also submit bids to car dealerships. This opportunity is only open to those with dealer’s license.
There are three things that people expect from a very comfortable person. 1) Vehicle 2) Family 3) House. Nigerians being lover of exotic cars have recently shown keen interest in riding good cars. This import/export business is yet to be tapped by business people.
With the gradual recovery and growth of the economy, the automobile industry is rapidly picking up. Do you want to learn how to make money buying and selling used cars online? Do you want to start a car dealership business?
A buy and sell opportunity can turn into a lucrative business provided that 3rou do it well. This is especially true especially if you are considering the idea of how to buy and sell used cars. As technology increases and state-of- the art cars are being produced, people will always have the need to buy new vehicles; thus also creating the need to disposed of old ones.
What does it take to start a car dealership business online or offline?
Most people believe that massive capital is needed to become a used car dealer but I stand to tell you that you can become a used car dealer without a dime of your own. What you need most is the right knowledge, a plan, some marketing skills and most importantly, integrity. Yes, you need to be honest if you must make it big in this business.
Secondly, I want you to understand that you can buy and sell used cars regardless of the country you reside. Whether you are in United States, U.K, Canada, Singapore, Nigeria, Ghana, etc; you can buy and sell used cars.
Now for those in Nigeria, you can visit the Autos section of Nairaland.com and see the volume of cars being sold there daily. If you are also observant, you will notice that vehicles are also pre-ordered from the U.S with the buyer’s money. This proves the fact that money is not the most important prerequisite to buy and sell used cars, integrity is. Now how do you buy and sell used cars online for a profit even if you have no money?
To be successful in the car dealership business and to avoid getting into trouble with the law, you need to familiarize yourself with the specific guidelines set by the government in an effort to regulate this industry. It. is important that you abide by the rules and operate legally to avoid costly consequences. With this said, the following are some of the basic things you need to take care of first.
How to Buy and Sell Used Cars Online for Profits Apply for a dealer’s license
The requirements for obtaining a dealer’s license can vary from one state to another. In general though, there are courses and a licensing exam you may • need to take and pass. A dealer’s license is one of the crucial requirements to buy and sell used cars. That’s because this license will enable you to legally operate your business. Though I must( admit the fact that there are a lot oinon-licensed deals, crooks, salesmen and middlemen in this industry; therefore, a license will help separate you from the pack.
Consider the business site
Another important step to buying and selling used cars is determining the business site; I mean where you will locate your business. For some people, they want the business to be as close to home as possible. But before that, you have to look for an appropriate space where you can use for displaying and selling the used cars. It has to be big enough to house your car inventory. But if you lack the space and the capital to go it big, you can start your car business online based on customers pre-order so as to avoid stocking up inventory.
Determine the market’s demand
Another crucial aspect you can take towards becoming a successful car dealer is identifying and relating to the potential buyers’ demands. You just do not need to buy a functional car. You need to get used cars that your potential customers will like. That means you have to research on the type and brand of cars that are in demand. But if you are going to be importing based on customer’s request or order, then what you should bother yourself with B the sourcing of the cars.
Start building your inventory
After getting your dealer’s license, identifying and securing a business site and determining the demands of the market, you should be ready to proceed to the next step which is buying and building your car inventory. With your dealer’s license at hand, you should be able to purchase used cars at a wholesale price.
You can research and watch out for private auctions for automobiles where you can avail of the items at costs way below their regular market prices. This however will depend ’on the country you intend sourcing your cars from. If you know how to go through the bidding process properly, it can prove to be a rewarding step. So, take your time in learning the ropes.
Aside from attending private car auctions, you can also submit bids to car dealerships. This opportunity is only open to those with dealer’s license.