In this post I will show you how to start car spare parts selling business in Nigeria and make lots of profits. This is a very lucrative business idea you can start this year.
A lot of cars get damaged in Nigeria daily because of bad roads. Many divers often get stranded on the way because of lack of spare parts for their cars. There is the need to get rid of this challenge, especially while in transit.
Selling car spare parts of cars in Nigeria or starting car spare parts business in Nigeria is a walk on the path to success in life. A lot of people demand this and they are willing to buy car spare parts especially when they are stranded on the way.
Good Places To Sell Car Spare Parts in Nigeria
There is a large market for car spare parts business in Nigeria, and the business can be sited anywhere in the country. You may decide to start selling car spare parts in the city or in the rural areas. If you are selling them in the city, make sure that your shop is by the roadside or where people can see you easily.
You can also sell your wares on the outskirts of the city for the sake of people who are stranded. In Nigeria, some areas are highly dominated by cars. This kind of areas will be good for your business. For instance, Lagos, Abuja, Kano, Port Harcourt and other state capitals in the country are good for this business.
Demand For Car Spare Parts in Nigeria
There are a lot of people who need car spare parts in Nigeria. The following are prospective customers who may patronize you:
- Private car owners
- Car Dealers etc.
Spare parts business nairaland
There are a lot of discussions about this business on nairaland forum. This shows that this business is very lucrative and easy to get in. From the discussion, we found out that it requires huge capital top start the business. But one of the forum member made it very clear that you can actually start small if you don not have huge amount of money as capital. He said that you can partner with a trusted car spare parts mega dealers and start from there before you grow to import your own spare parts from oversea.
Profitability of Selling Car Spare Parts in Nigeria
There are so many benefits in selling car spare part in Nigeria. The following are the advantages:
It Is A Lucrative Business
There a lot of people who need car spare parts in Nigeria. You can sell to individuals, companies as well as the government. If you want to sell to a company, your business premises should not be far from such a company.
It Gives Job Security
This business will save you from any anxiety that can emanate from your boss if you are working under someone. In your office, you are the boss. The goal of keeping your business will make you live in money for life. The business keeps running in as much you are still active or any of your family members is.
The Business Is Highly Demanded
It is a product that people need. As such, ensure that your product is available every time. Then you continue making money every day.
Basic Requirements For Starting Car Spare Parts Business In Nigeria
You need to get enough fund to start your business. This will not require much money from you anyway. The business will get boom depending on the capital you inject in it.
Ware House/ Shop
You need to have or rent a shop as the warehouse for your goods. This warehouse must be secured in a way that no thief can break into the shop. The choice of warehouse or shop will depend on your choice.
To communicate with the people electronically, you need active accounts on the social media such as Facebook, Tweeters, and Instagram. Tell people about what you are doing on the social media.
Spare parts business plan
It is necessary that you have a good business plan for this business. This will make you know the cost of running the business, the strategies you should adopt, the best business areas to go into and how to manage your capital. This will also cover the administrative structure of your business.
If you need a business plan for this business kindly contact us. We will write it for you at an affordable rate.
How to import motor spare parts from china to nigeria
Importation of tokunbo spare parts is another lucrative business entirely. You will need to make genuine connections in China, get a domiciliary account. You can read more on how to start mini importation business in Nigeria. If you have a good money to invest, then spare parts importation business in nigeria is the best idea for you. There is huge profit in it.
Best Business Strategies to make Profits from Car Spare part business
Every business needs a good strategy to generate more sales. You can make use of the following strategies to sustain your business:
- Snap your product with a good camera to convince your customers that the goods are available.
- Know the choice of your customers. Maintain good relationship with your customers. Spend much time, about 75% to build your customer relationship.
- Make sure that your company is unique and different from others. Your company’s policy must protect the interest of your customers.
Knowledge Needed to Start Car Spare Parts Business in Nigeria
You need to acquire sufficient knowledge of automobile engineering. This will enhance your business because your customers will like to fix the spare part of the car they buy from you and this is another income opportunity for you.
Do not chase your customers away by your inability to know how to repair cars by yourself or your staff.
To know much about the job, therefore, you can learn it through an apprenticeship in a shop where car spare parts are being sold. The period for this training on how to do the business will be determined by the agreement between you and your tutor.
May sure you are inquisitive enough while learning. You can know everything about this business within six months if you spend more time with your boss.
Every business needs advertisement to survive and function effectively. You can advertise your product by displaying your car spare parts in your shop and outside. Get a shop that has enough space outside to achieve this.
You can also create a social media account where you tell people about your products and services.
You need to employ some sales girls or boys to assist you when you start your business. The number of sales boys assistant you need depends on the volume of your sales and your capital
Sustainability & Profitability Tips
It is necessary to maintain your business. To keep your customers, you must avoid disappointing them. Make sure you sell quality car spare parts to them so that they will not have any cause to complain about your product. Once you can build your confidence in them, there will be no problem.
Having a car spare parts business means that you are an entrepreneur. You must prepare for the business risk. Make sure you have leadership skill to control your sales assistants. You should be able to tackle any challenge at any time. In every business, there will be periods of gains and losses. This is inevitable. So, prepare for both. But make sure that your profits exceed the losses.
Car spare parts business is highly profitable in Nigeria. You need to get a good location for your business. The sustainability of this business is to sell quality products in your shop every time. At all times, avoid lies while dealing with your customers.Click here to see the latest Study Abroad Scholarships and Guides
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