The covid-19 pandemic has not halted global travel, affected the health of hundreds of thousands, and played havoc on the world’s economy, it has also changed consumer preferences and behaviors forever.
A new normal has been born, which has inspired entrepreneurs across the globe to kickstart new ventures and come up with new innovative ideas that cater to new market demands. Among the most adversely impacted sectors has been the automobile industry, but forward-looking experts are expecting it to rise like a phoenix from the ashes. With a huge cultural shift towards social distancing, the demand for personal automobiles is going to increase significantly.
Here are the 4 great automobiles related business ideas that could make you a lot of money.
Selling Used Cars Online
Cars have long been the most popular form of transport, at least in developing countries, but many people still used public transport on a daily basis. With new fears about close interaction and touching surfaces, however, people are switching from public transport to privately-owned transport in huge numbers. Even before Covid-19 hit the world, the demand for second-hand cars was enormous due to the rapid depreciation of the value of brand new cars underestimated.
The current worldwide economic stagnancy coupled with high unemployment has priced even more individuals out of buying a new car and so the used car market is projected to grow even more. With the growing trend of online purchasing, launching an online used car shop is a great way to make money. Buy some new cars that need a little work, source a reputable mechanic to make the repairs, and sell them at a markup.
Window Repairs and Services
One of the most common maintenance services that vehicle owners require is window and windscreen repairs. Glass can easily be scratched, chipped, or smashed in minor accidents or even by a pebble flicking up on the highway. The experts at http://www.autoglasscentersusa.com/ explained that professional glass services can polish and repair all kinds of glass damage and leave your windows looking as good as new. You are guaranteed an immediate customer base because every town and city requires local glass repair services. Make sure to offer some great opening weekend promotions to bring in the customers.
Online Car Rental Service
Another great option during these difficult economic times is launching an online car rental service. As people are switching to remote work, the need for transportation is decreasing and so owning a car is a waste of money for many people. Renting a car is a great choice for people who work from home who only rarely need their own vehicle for transportation. With flexibility in both short-term and long-term renting policies, you can have a stable income every month through leasing out your cars.
Another great idea to consider is building an online marketplace for those who want to rent out their vehicles to those who need them. By becoming a virtual middleman, you can earn good money once a transaction happens without pouring in a huge amount of initial investment.
Mobile Car Wash
These days, convenience is the top priority of many Millennials and so a mobile car washing service is a great way to offer car washing services wherever and whenever your customers need them. After a quick call or text from your customer, you just head out and wash their car right there in their parking lot, garage, or their home. The ideal customers are those who rarely have time to wash their car themselves or wait at a traditional car wash. Focus on the quality of your service and make sure you are always punctual and you will earn big money from frequent customers.
Another reason why you should consider a mobile car wash rather than a traditional car wash service is that you don’t need to pay for a washing space every month. With just a small amount of capital investment, you can get yourself prepared with a full kit of basic tools including towels, brushes, soap, tire shine, hose, buckets, and car wax.
If you are looking at automobile business options, check out the ideas on this list and see which business idea makes the most sense to you. Decide which one will offer you the best opportunity to earn money and have fun at the same time. In these times, it is so important to stay ahead of the trends so do your research and make sure that you have all the financial numbers clear in your mind.