Car dealing is one of the profitable car businesses in Nigeria. There are many opportunities open for people to make money in Nigeria in the automobile industry. It is easy to start an automobile or car dealing business in Nigeria due to the rave and rise of science and technology.
There are lots of cars, vehicles and automobiles being manufactured on a daily basis in countries like China, United States, United Kingdom, Belgium etc and are sent and shipped to countries where they are needed like Nigeria, Benin Republic, Ghana and some other countries of the world.
You too can start your own car dealing business and make profit from it.Reasons Why You Should Start A Car Dealing Business
- Accessible Transport System
Road transport is by far the cheapest and easiest medium of transport in the world. Transportation by road is very common and popular among people.
- It is Cheap
Road transportation is cheap. This is why you can start a car dealing business. Transport by road is not capital intensive, unlike the air transport alternative which requires thousands and even millions of naira to fly across the seas to other countries of the world.
- Commercial Driving
Most people re buying second handed or used cars with the option of using it to make money. Lots of commercial drivers buy second hand cars at cheap prices and open a business for themselves. You can start a car dealing business and sell or rent second hand cars to people.
Goods, items, commodities and products are being transported and moved from one location to another destination. In Nigeria, agricultural products are being transported from Kano, Ogun, Ebonyi, Asaba, Owerri to places like Abuja, Lagos, Port Harcourt.Steps To Start A Profitable Car Dealing Business In Nigeria
- Have A Business Plan
The first step is to have a business plan. A business plan enables you to plan on how to start your own business. Its more like a directive compass which you have laid down to follow as you commence your business. In your business plan, you must have a contact list of your dealers, merchants and even automobile companies which you have listed out to buy or supply your cars and automobile parts to.
- Get A Budget
Every business requires a capital for start up. As a car dealer, you must have a budget for your business. Your budget tells you on how much is going into the business and how much are expecting to receive within a particular time frame.III. Know Your Opportunities
Before jumping into the car dealing business, you must know of the opportunities that awaits you in the automobile industry. There are so many opportunities which you can capitalize upon to make money for yourself. You are expected to think and strategize on how you can use this to better yourself as a car dealer.