It’s not uncommon for entrepreneurs to establish businesses based on their interests or passion. Many hobbies or sports have sprung up in the $2 trillion automotive industry — providing plenty of lucrative opportunities to avid car lovers and petrol heads. If you love cars and want to escape the nine-to-five blues, starting a business connected to your love for automobiles could be a dream come true.
Although establishing an auto dealership can be tempting, it can also get costly fast. So, it’s best to start modest and climb your way to the top in the multi-trillion dollar automotive industry with these top five lucrative and exciting business opportunities for car lovers and petrol heads.
Car Repair Business
The most basic yet profitable automotive business any petrol head can start is a car repair and restoration shop. With an auto repair shop, you can put your extensive knowledge and skills to good use while helping those with vehicular distress. It’s best if you set up a shop near busy highways or districts where traffic is heavy, so when someone’s vehicle breaks down or looks for a tune-up, they can easily visit your business.
Car Wash Business
The easiest and undoubtedly, one of the most profitable automotive businesses out there is a car wash business. That’s because cars are becoming more affordable, resulting in more people buying them and regularly patronizing car wash services—keeping their rides fresh. Additionally, getting a car wash is becoming necessary for car owners due to the environment’s high pollution and dirt rate.
If you’re on a tight budget, consider setting up a mobile car wash business that helps you reach people from door to door, providing a convenient home service while giving you more profit.
Headlight Restoration Business
Headlights are perhaps an essential part of a car or any vehicle, next to the engine. Starting a business revolving around this particular vehicle part can be very profitable, as it’s a quick fix that you can do, giving you more opportunities to cater to more clients. However, you’ll need to have knowledge and experience in vehicular electronics. You can attend courses from a technical school to acquire the required auto electrical skills.
Car Battery Reconditioning Business
Car battery reconditioning involves refueling ‘dried’ up or dead batteries to its full working capacity. This business opportunity can be a very profitable idea thanks to the advancement of globalization and people realizing the importance of “going green.” You won’t need technical knowledge on this, as it only requires basic skills of handling chemicals, acids, and restoring vehicular batteries.
Spare Parts Distribution Business
If you have the capital for it, starting a spare parts distribution business can be one of the most profitable automotive industries. That’s because spare parts will always be in demand, and more people are opting to restore or repair their cars instead of splurging on new ones. You can start this business by buying spare parts from the original equipment manufacturer then distribute it to the dealers in the market.
The automotive industry is a flexible sector that gives you hundreds of types of businesses you can start. So, if you’re passionate about all things vehicular or anything with four wheels, there’s no shortage of business opportunities you can grab. Pave your way to the automotive industry successfully by considering the business opportunities mentioned.