Entrepreneurial Tips

topmenu

The Classic Car Sales Business: Turning Your Love Of Cars Into a Career

If you've got a passion for automotive coolness, a classic car sales business is something of a dream job, but a word of warning is in order for others.

Are you the Person for the Classic Car Sales Business?

If you don't want to put in the time and money to fix beat up old junkers or do the research to figure out which cars are worth collecting and which would be better off being dismantled for parts, get a job at your local Ford dealership, instead, because a classic car sales business requires a lot of love and care.

Classic Cars = An Intensive Investment

Yes, you'll need to invest a lot of time into a classic car sales business. Fixing up old cars can be a part time job if you're content to sell one or two a month, but if you plan on getting really serious about your classic car sales business, you have to have a real love for getting your hands greasy.

On the other hand, you can always hire a mechanic or two to help out (you'll probably need an assistant sooner or later either way), but at first, before your classic car sales business is really doing much business, you won't really have the money to hire on a mechanic.

Before looking into finding investors, renting a parking lot or taking out a bank loan, you should probably try building up a reputation and gaining the experience by fixing up just one or two old junkers in your garage or backyard and reselling via classified ads or craigslist.org.

You don't need to make a mint to get your classic car sales business off to a great start.

Essential Reading for the Classic Car Sales Business Owner

For the sake of your classic car sales business, keep big stacks of those free car ads around your garage. Depending on how savvy you are about classic cars, you may be able to get some pretty good deals on fixer uppers.

A lot of people have classic cars in bad shape sitting on their property, and they simply need to get rid of them for whatever you're willing to pay. This is the best way to get a project for a smaller classic car sales business.

Making Something out of Junk

Of course, fixing your first car or cars will take a bit of investment. If you really love classic cars, you might already have some of the tools, but taking on a full scale refurbishing project will probably require some new equipment, some replacement parts, and a big stack of How-To books.

Your initial investment into your home shop and your first project car is likely be in the several thousand dollar range. Luckily, as long as you have the knowledge and the dedication, you're going to make several times your investment on each project.

Working your classic car sales business from Home

It's entirely possible to run a simple, one person classic car sales business from your garage, investing the profit from each project into the next one. Most classic car collectors are professionals with the money to spend on a refurbished classic, but not the time or experience to fix one up.

It's cliche, but your classic car sales business demographic is made up of doctors and lawyers, not fellow mechanics and hobbyists.

Besides classified ads, you could also hang out at classic car shows and get work for your classic car sales business by chatting up the collectors on hand.

Being Versatile with your Classic Car Sales Business

A successful business practice many classic car sales business owners put into use is working by request.

There are plenty of collectors who have a dream car in mind but can't seem to find one in good condition. If nothing else, it should instill you with confidence to know you already have a buyer for your current project.

With a classic car sales business, you're likely to build up a lot of experience and an impressive collection of tools and hard to find car parts. With this, you can branch out into classic car repair, customization, and maintenance.

Upgrading your Classic car sales business

When you're ready to upgrade your classic car sales business, if you've played your cards right and made a few friends through your classic car sales business, you should have a lot of clients with plenty of money to spend on their own car passions.

What we're saying here should be obvious: Today's wealthy client is tomorrow's business investor.

Classic car sales business Resources

Minimum Start Up Cost

$25,000-75,000

Minimum Start up Equipment

Mobile phone, late-model computer with broadband connection, digital camera, a classic car

Optional or Advanced Equipment

Image manipulation software, show floor, offices, festival and show booth

Associations

National Automobile Dealers Association

Courses

Small businesses courses are helpful, but not necessary.  Self-directed study of the automotive industry and history is the most common action.

Reference Sites

Becoming a Used Car Dealer

Father/daughter duo finds success in classic car business

How to turn your passion for classic cars into a business

Important Point To Keep In Mind

PointMake sure this Business it's for you

See: What Are Your Reasons For Getting Into Your Own Business?
And

The Pros and Cons of Owning and Operating Your Own Business
And
Five Ways to Find the Right Business for You


PointYou May want to look into an existing business is for sale

See : Build or Buy A Business?


PointLook into the legitimates of registering

See: Play By The Rules - It's the Only Safe Way To Do Business!


PointLook Into the Start up Cost

See: Estimating Startup Costs


PointEnsure You Have Enough Money To Start:

See: How To get The Money You Need For Your Business (Start-up Capital)


Point Find The Right Location

See: Finding The Best Business Location


PointCreate The Right Name

See: Choose a Business Name


PointConsider A Tag Line

See: Creating A Tag Line


PointCreate A Logo And Business Cards

See: Make Your Business Card A Silent Salesman


See Also: How to Start A Business : Business Idea of The Day

Business Ideas Page : 1 - 2 - 3

share

menu menu menu menu menu menu menu menu menu menu