How To Make Money In The Automotive Industry

The Automotive Industry

There are a lot of money-making opportunities in the world today but people rarely talk about opportunities that exist within the confines of the automotive industry. This is because a lot of people think that the automotive industry just has to do with buying and selling cars.

Autos are a major industry in the world, to be blunt. A trillion dollars in revenue is generated annually by the industry, and millions of people are employed by it. In addition to the good pay, the work can also be pretty interesting.

Here are five ways you can earn from the automotive industry without necessarily buying and selling cars.

Affiliate marketing for dealers. Yes, you could cut a deal with a car dealer that for each client you are able to convince to buy a car, you get a certain percentage from the sales. Imagine you sell a car for N20,000,000 and you get 2.5 per cent. That is quite a lot and think about how much you will make if you are able to get at least 3 customers monthly. Cool cash right?

Do you have 2, 3 or even one cars you aren’t using currently? You can start an auto rental service at zero cost. The only cost may be to spread the word that you have such a service available. Or you could start a transport service. Better still, you could give the car to someone who runs a transport service and in turn, the person pays you monthly or weekly.

Everyone loves the interior of their car to look as sleek as the body or even sleeker. Hence, you could start a car decor shop. All you would need is a space and basic knowledge you can acquire from YouTube for free. Of course, you will also need a small capital to buy your first batch of car decorations which includes: car stickers, licence plate frames, etc.

Also, you could sell car insurance. It seems quite a number of Nigerians are getting a hang of how car insurance works so that wouldn’t be such a bad idea. You can also start a car wash service where you wash cars for a small fee.

Spare parts are high in demand these days as the poor conditions of Nigerian roads lead to the early wear and tear of automobile parts. It is only normal for people to replace these parts often. Just find out which parts are mostly sold, buy them and you will be well on your way to making money.

With the above, I’m sure you’ve been exposed to the possibilities of making good money in the automotive industry.

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