PROFITABLE BUSINESS IDEAS IN THE AUTOMOTIVE INDUSTRY – LUCRATIVE BUSINESSES
Do you have passion for cars or automobiles? Are you interested in capitalizing on the automotive industry but have no idea on the best business idea or opportunity to choose from? If yes, then this article will provide you several business ideas in automotive industry that are reliable, comfortable and profitable if they are being setup.
Automotive industry is a wide industrial sectors with business activities and ideas that comprises technological development, engineering, design, marketing, manufacturing, sales, distribution, maintenance of the motor vehicles or automobiles etc.
Conversely, automotive industry is no doubt a billion-dollar industry with big names and notable market leaders like Ford, Toyota, General Motors, Chevrolet etc. However, it is very important to note that this article has nothing to do with the big names and brands of the industry; rather, it is on the verge to revealing the several opportunities you can take to tap from the billion-dollar automotive industry.
Below are however, the business ideas and opportunities in the automotive industry that you can kick start.
Driving School Business
Would you like to make money in the automotive industry but you don’t have any idea on how to go about it? Why don’t you venture into starting a driving school for beginners and enjoy free flow of financial stability?
Driving school business is one of the profitable and most patronize business ideas in the automotive industry. Countless numbers of people are out there who will love to become an expert in driving. For this reason, your prospects will surely come after you on daily basis.
Vehicle Customization Company
Also, this is another business idea in the automotive industry that you can capitalize on. Some individuals, most especially the celebrities and the wealthy ones who love to stay classy and stand out amidst crowd. You can setup this automotive industry business idea to cater for the needs of these important figures.
Vehicle Assembling Business
This is another business idea in the automotive industry that you can venture into. The most interesting thing about this automotive business idea is that, it has a lesser capital intensiveness and by so doing, you can stick or place your business brand on the vehicle you assembled.
Be informed that, it is not necessary for you to start big if your capital is not up for big vehicles like truck or car, better still, you can just focus on assembling the light weight vehicles like the tricycles, scooters, motorcycles etc.
Car Dealer Business
Of course, you can buy the rights to be a car distributor in your country from any car manufacturer company of your choice. Or better still, this automotive industry is so comfortable that you can begin small by importing used cars and retailing them. Findings shows that the used car business is soaring high this days, even the United States is presently booming with the business as many people have adopted the system of buying used cars in other to save cost.
Spare Part Business
Since vehicles are made up of machines that has a lot of movable parts, which sometimes required to be changed for its smooth running. Therefore, selling of spare part is another ideal business idea in the automotive industry.
It is a business idea that you can kick start with just a little cash on you. You can buy, import and at the same time retail vehicles spare parts of different brands in your country as such, making profits off vehicle owners.
Vehicle Re-Spray Business
Talking about business ideas in the automotive industry, vehicle re-spray business should never be over-emphasize. You can setup your own vehicle re-spray workshop and help several car owners reclaim their cars aesthetic looking appearance after the color must have been faded or worn out.
Auto Detailing Service
Auto detailing service is another business idea in the automotive industry that deal with waxing, cleaning and polishing, thoroughly, of automobiles. This business service does cater for the cleaning of both the interior and the exterior.
Auto detailing service however is done on fairly used cars that are meant to be resold, hence increasing its outlook plus value to the proposed prospect customer.
Mobile Car Wash Business
Mobile car wash business is yet another business idea and opportunity you can venture into in the automotive industry. Not everybody has the time, strength and energy to wash their car themselves and as a result of this, they employ the service of a washer men to do the cleaning. This business idea in automotive industry does not require much capital to begin with.
Establishment of a Parking Lot for Vehicles in Congested Cities
You can tap your financial freedom from this profitable business idea in the automotive industry. Establishing a parking center or lot for cars in congested cities will surely fetch you huge money. Every car owner loves to keep their cars away from sunlight, so establishing a parking lot for this purposes wouldn’t be a bad idea. Your prospects will always be there to pay you up with enthusiasm.
Vehicle Registration Agent
You can become a reliable vehicle registration agent everyone will be seeking for. Help car owners out there to register their vehicles with the required regulatory bodies or authorities.
You can also render your service to them by processing and procuring their driving license. This business pays because not everyone has the time to do the vehicle registration on his own and some people also fear running into the hand of a scammer as a result, they will go for someone they can trust.
Conclusively, though not limited to these, the above mentioned business idea in the automotive industry have been doing great every now and then, why don’t you pick one and start now!