The business of car accessories is becoming more lucrative by the day. As long as people would love to acquire their personal cars for private use or business, car accessories business is viable if one can master the trade.
Aside from regular cleaning of the car, the second thing people do is to accessorize and beautify them. Car lovers would actually look for things that would make their car unique. Whatever stuff that will make their car look good, the customers would fancy buying them.
Car accessories, such as body kits, rims, car alarms and stereo systems, enhance both the interior and exterior of cars, trucks and other vehicles. One can start a car accessories business in an area provided it is a place where clients can access.
Car interior design accessories range from the simple to the sophisticated. And many people would be willing to pay for some unique and useful car accessories. It ranges from items such as customized seat covers, nice car mats, car mobile holders and chargers, and things like that.
According to Miss Bukola, CEO of caraccessoriesbylw, there are fanciful car accessories like glitters steering cover, digital tyre pumps, luxury leather seat covers, footmats, wireless vacuum cleaner and other fashionable items even as genuine products should be gotten in order to retain customers.
Profitability
Car accessories business is a profitable business that needs to be studied. As long as cars are being imported into Nigeria through the ports, and the number of vehicles and vehicles owners continue to increase, many would desire to accessorize them. Despite the fact that cars can be used without car accessories, some would prefer for comfort. The knowledge of the business can be gotten by learning from established business owners.
Capital
The start-up capital in investing into a car accessory business depends on the scale of the business. With the need to have a shop, the capital can be high, according to car accessory business owner is in the range between 1 million and three million naira. This is to buy the accessories, rent a shop and furnish the shop. However with the advent of online business and marketing, one may not need a physical shop but a place to store the materials, hence may utilize the rent money in investing in other areas or the materials needed. Renting a shop close to an auto market will be beneficial.
Revenue
The revenue to be made from car accessories depends on the volume of sales. Aside car accessories, some auto spare parts can be added to the materials to be sold. According to Miss Bukola, a good profut can be made if one is able to market the products/ accessories. The monthly profits begins from forty thousand naira on weeks that business do not flow and a hundred thousand naira. Also delivery can be done to the homes or offices of the car owners and this will be extra revenues to be made.
Like all business ventures, creating a business plan to guide you in viability of owning a car accessory business. If you are considering starting a car accessories and auto spare parts store business, different factors should be considered in the location. Consider spaces close to vehicle or car parts stores, automobile mechanics shops. You can also consider a place close to restaurants, shopping malls and hotels.
You should carry out thorough market survey and costing of what is required in car accessories business. The amount needed to stock your store with car accessories and auto spare parts from and also the running cost of the business.
Branding your business is key as you must know how to stock your store with car accessories and auto spare parts from different car manufacturing brands. Car accessories business is a profitable venture if the location is good and the business owners has gadgets and accessories that car owners will love.
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