Quote (jimmyhoud @ 3 Oct 2017 19:17)
Let us know where you are located and what you plan on doing.
If you plan to flip parts i'd advise against it. Too many people out there doing it already. If you'd rather be on the install/fab side shoot me a PM. Had a little experience there before. FMX and KOJ would also be good guys to talk to about the fab side. Old Andy would be a good "consumer" prospective to talk to as well.
I am looking to open up an online retail company with one on-site location.
I plan on specializing in the aftermarket wheel and tire industry at first.
Eventually, I will hire a good shop mechanic, a graphic designer, and installers. However, this is all after i get some business rolling.
My products, ideally, will be aftermarket wheels and tires for both trucks and cars.
I'll branch out to suspension parts, exterior mods, lighting, and things in-shop like custom wrap jobs, etc. I refuse to saturate the company with too many offers. I'll focus on a few key areas and master them. Then I will expand locations instead of product lines.
When it comes to flipping parts, I agree that the market is relatively saturated. Although this would deter many, I find it to be more inviting, actually. The barriers to entry are extremely low, and a good business model can really set one company apart from another. That's why I have spent the past year and some change developing a business model that offers many different aspects to it. I've tested theoretical applications in my school, Rutgers School of Business, establishing fictitious companies and doing market research. I originally wanted to start a clothing company to operate under this business model, but I'm not passionate about clothing =/
That's why I've been doing more research into the aftermarket car and truck industry. From what I've gathered, it seems really promising.
I'm looking to really just get some insight as to what other customers actually look for when buying said items. More business related and not so specifically product related.
This post was edited by Victim on Oct 24 2017 07:57am