How To Open Your Own Auto Parts Store

Table of contents:

How To Open Your Own Auto Parts Store
How To Open Your Own Auto Parts Store

Video: How To Open Your Own Auto Parts Store

Video: How To Open Your Own Auto Parts Store
Video: How to Start a Spare Parts Business | Starting a Spare Parts Shop 2024, November
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Selling car parts is considered a lucrative and profitable business - the number of car owners is growing steadily, and cars often need to be repaired. But the competition in this market niche is also quite high, so everything must be carefully calculated.

How to open your own auto parts store
How to open your own auto parts store

Instructions

Step 1

You will need to find a suitable space - preferably, the warehouse and retail sector are nearby in order to reduce transport costs. Look among ready-made buildings, while focusing on the cross-country ability - it will be good if your store is located on one of the major highways within the city, far from potential competitors. Immediately pledge the required amount for the repair of the retail space.

Step 2

Explore the auto parts market. You need to find out which lines are in high demand, whether there are orders for exclusive goods - do a little marketing research.

Step 3

Decide on the form of doing business - if you work only with individuals, then it is more profitable to register individual entrepreneurship. When planning to supply equipment for enterprises, you will need to open an LLC for simplicity and transparency of mutual settlements.

Step 4

Obtain all required permits and complete the documenting of the store. All certificates and approvals must be obtained before you open your doors to the first buyers.

Step 5

Purchase shop equipment. You need convenient showcases, racks, stands for advertising equipment, a cash register, work computers for managers. Carry out all the necessary communications - telephone, Internet, so that your employees can quickly process orders.

Step 6

Form the assortment of goods depending on demand. Start with inexpensive spare parts that will allow you to establish primary turnover - study potential suppliers, establish contacts with them, get the best prices and terms of delivery. It is beneficial to work with two or three large suppliers who can provide preferential terms, provide advertising materials, support with discounts and bonuses. All others can be considered as suppliers for one-time orders of exclusive goods.

Step 7

Pick up staff. You will need consultant managers, cashier, movers, accountant, purchasing manager and store director. At first, you can reduce the staff a little by giving one employee several responsibilities - as the volume of trade increases, you will open additional vacancies.

Step 8

Launch advertising using marketing ploys - low prices, discounts, promotions, etc.

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