Even though most vehicle owners prefer to buy new tire sets yet there are lots of drivers who look for the used tires because buying used tires comes with lower prices compared to new tires that involve high costs. So selling used tires to these people could prove a viable business opportunity for you.
Besides selling used tires, you can also add up a bunch of tire repair services in order to make your business more profitable. Now, let’s begin to explain all those 5 steps you are required to follow in order to set up your own used tire business in your locality:
1. Create Business plan
The most crucial initial step you should not avoid at any cost is to create a business plan for your used tire business. A business plan will set the right direction for your business like it sets for other businesses. Include your business goals, marketing plan, financial estimates etc in it. Also, research your competitors working at the location you intend to serve your customers at.
2. Obtain Documents
Look for what legal documents you need to obtain in order to run your business. Visit the local departments which facilitate this service and obtain all necessary documents from them.
3. Choose Location
Pick a location and rent a shop for your used tire business on a roadside. It is a place where you will sell your used tires and deliver tire repairing services to your target customers.
4. Acquire resources
Know what tools you require to provide tire services to your clients. Set up the required amount of money to buy your tools, rent your shop. Ensure you learn mounting, de-mounting, removing and installing tires.
5. Marketing your Business
Make sure to deliver good customer services in order to convey a good word of mouth advertising and moreover convey the business name and services to your friends and relatives in order to boost the name of your new business. It is also advisable to advertise through local newspaper for effective awareness in the local area.