How To Become A Car Dealer In Nigeria. Learn How To Be A Good Car Dealer In Nigeria. Check This Post.
Do you wish to become a good car dealer in Nigeria? Do you wish to know the right steps to take to becoming a Nigerian car dealer? In this article, we will be discussing the right steps to becoming a car dealer in Nigeria.
Who Is Car Dealer?
A car dealer is someone who sells both new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Most car dealers also are into selling spare paths and automative maintenance services.
How To Become A Car Dealer In Nigeria
If you have passion for automobiles and you have dreamt of owning your own business, then starting a car retail business might just be a perfect business venture for you to lunch. The car business is so profitable because on a daily basis, cars are been bought from various locations, making this business a lucrative one. Here are the requirements to becoming a car dealer in Nigeria;
- Create A Business Plan
- You Need A Capital
- Choose The Right Dealer
- Licensing & Insurance
- Select The Right Location
- Purchase The Vehicles
- Market Your Cars
- Hire A Staff
- Consult An Expert
- Employ An Auto Mobile Mechanic
How To Become A Car Dealer In Nigeria
1. Create A Business Plan
First on our list is the Business Plan because there is no business in Nigeria now where you do not need a business plan to start. You need a business plan to be successful in this venture. The aim of having a business plan is to ensure that you have all aspects and map out to run your business. With the business plan. you will set out priorities and budgets for you.
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2. You Need A Capital
You need capital to finance your business. When it comes to car dealership, you need enough capital to start and that is why you must be capable to get and raise the necessary funds before starting this business. Just in case you cannot raise enough funds to start this business, you need to look out for loans or you could even look out for investors to help you in starting this business, this will help you in becoming a successful car dealer in Nigeria.
3. Choose The Right Dealer
Choosing the right dealer is another step to becoming a car dealer in Nigeria. Although the right type of car dealerships depends on the level of financial capacity and backing you have, and when it comes to been a car dealer, its either you become a wholesaler or a retailer in this car business. Retailers can sell directly to the public while wholesalers are the ones who import cars in large quantities.
4. Licensing & Insurance
Next on our list is another hurdle to cross before you can begin selling your cars and another is obtaining your dealer’s license. A dealer’s license permits you to sell an unlimited number of vehicles a year.
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5. Select The Right Location
You need to select a perfect location for your car business as this can influence your sales. Your choice of location should be on road side where your cars can be visible and all, because if your garage and cars are on obscure road or not on the road side, then you might not draw the right customers.
6. Purchase The Vehicles
This stage involves you purchasing your vehicles. According to our findings, cars seem little less expensive and very affordable from international auctions when compared to many bidding sites. You can also get your cars from Cotonou or Benin republic, using the legal route and shipping company via Lagos to enable you bring in your cars into the country.
7. Market Your Cars
There is no business that does not need marketing and the car business is not excluded in this, in fact this business needs a whole lot of advertising and marketing to get customers coming for these cars. There are different top car selling websites where you can market and advertise your cars online, websites like Konga, Jiji and the likes can be helpful. To have a high patronage while marketing your cars, ensure you add your location as most buyers prefer buying from dealers who show their location.
8. Hire A Staff
You cannot sell all these cars alone as a car dealer in Nigeria, you need to hire a responsible staff that will reduce the workload for you. This staff helps in cleaning of these vehicles and keeping them attractive for customers to see. An extra hand is needed to even arrange these cars properly in the garage and just in case they need to drive it around and also keep the car heated up to avoid them damaging.
9. Consult An Expert
Next on our list is consulting an expert because as a beginner, you are more likely very ignorant in the car business and you are expected to consult some experts in this field for more insights and explanations and even tutoring, so you gain enough experience that will be very useful for you in this business.
10. Employ An Auto Mobile Mechanic
Last on our list is for you as a good car dealer, you need to look out for auto mobile repairers to help you recondition your cars. Most of these used cars need full reconditioning when they come into Nigeria, as most of these cars are slightly damaged and need some refurbishing. You also need an auto mobile repairer to check these cars and put them all in stable condition, as a good car dealer, you don’t want your customers to feel your services are not top notch.
Frequently Asked Questions
1. Is It Profitable To Sell Cars?
In fact, many people have earned a good income just by selling their cars.
2. Is Selling Cars A Good Profession?
Yes, selling cars is a good job.
3. Is Learning Car Sales Hard?
While selling cars isn’t as labor intensive as it used to be, pursuing a car sales career may still come with long hours and challenging responsibilities.
4. Is Selling Cars A Stressful Job?
Yes, some do quite well financially but it is a stressful job.
5. Can I Learn Car In 5 Days?
In a vehicle with an automatic transmission, one can learn basic driving within a day.
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