Your business plan must involve your needed capital and possible return on investment. Once those are achieved, you can run your own business teaching new motorcycle riders on a personal basis. In 1979, Innocent returned to his brother, who promptly registered Gabros International to trade on motorcycle spare-parts. Of. If you have been in the motorcycle industry for a long time, you can utilize all the experience and knowledge you have gained to start a motorcycle safety course. Motorcycle customs brokers handle all import requirements. Motorcycle insurance includes liability coverage in case you are responsible for another persons injuries or property damage. It should show your marketing process and your legal structure. 8 Lorkis Errand Enterprises. In the capital Nairobi, a survey on the main backstreets of the capital namely Kirinyaga and River roads indicated that there are as many motorcycle spare parts shops as there are mobile transfer service shops. (adsbygoogle = window.adsbygoogle || []).push({}); A business plan is important to guide you through your business's growth. Get your genuine O.E.M and high-quality spare parts for your okada and popular motorcycles brands like Bajaj, AX100 (Jincheng). tools. You can use posters, brochures, pamphlets, and fliers. You will need a single business permit which you can get from County Government offices. However, if you stock the best brands of motorcycles in the market, you will make huge profits. We recommend using LivePlan as the easiest way to create graphs for your own business plan. Do you want to start a motorcycle business but want to go niche and be unique? It is best to set up your motorcycle spare parts business in a location where the boda boda business is popular. Use your convenient marketing strategy. The spare part business requires a lot of money to start. You can choose to specialize in a particular area, or provide a range of different products. A motorcycle safety course is designed for new drivers or as a refresher course for those that may not have ridden in a while. Kenyas sizeable middle class, progressive business environment, regional market access and history of automotive assembly positions the country well as a potential East African automotive hub. There are a lot of people who will be willing to pay hundreds of dollars to learn racing and dirt riding skills. Ibadan. See Also: How To Import Good Quality Products From China You will need assembly skills to operate this business or find an affordable mechanic to do it for you. Every day, a large number of cars are damaged in Nigeria due to poor road conditions. Honda has teamed up with Megh Cushion Industries Ltd, a manufacturer of automotive products, to source and manufacture motorcycle spare parts to meet the rising demand for motorcycle parts in East Africa region. Requirements to start motorcycle spare parts business in Kenya Business licenses. Not only is it easy to use, but motorbikes are also efficient in their consumption of gasoline. In order to start a car spare parts business in Nigeria, youll need some knowledge. According to Njeru, the much sought spare parts are tyres and brakes. To persuade your buyers that the things they want are available, photograph your merchandise with an excellent camera. Add To Cart. * A sign saying what your business is that people can see as they pass by. . This sale ends in. Majority of the shops are less than a year old with some of the owners having changed business to cash in on demand for spare parts. Answer (1 of 2): The costs of: * The space where you will store the parts. 00. After you have gotten the business, you need to improve it to make it better than the last one. You have to know everything about the motorcycle business. AUTOMOTIVE (SPARE PARTS) MARKET OVERVIEW INVESTMENT OPPORTUNITY IN THE AUTOMOTIVE (SPARE PARTS) BUSINESS IN NIGERIA. Also read: How to start car repair business.. You can learn a lot about the work by doing an apprenticeship in a business that sells automotive replacement parts. You can also build a social media account to promote your products and services to others. Its easier than you think. OKPHNAM. Youll need to conduct some research to figure out how to launch your business quickly and effectively. Can you possibly send me your price list. Motorcycle spare parts outlets now dot many market centres in rural Kenya and the backstreets and suburbs of the capital Nairobi. Additionally, it helps to secure startup capital from investors or banks. Depending on the products you buy, you willneed between N5m and N12m to fill a 40-foot container. Try to get recommendations from mechanics and other retailers before stocking your store so you dont make mistakes. PLease vesit. Days. Individually-alarmed units, on-site management, video surveillance, and gated access are all great security features to have when storing a motorcycle, as it protects your unit from break-ins. However, like other fast-growing sectors in East Africa, the industry has been hit with counterfeit products. Any biker with a motorcycle from such a brand will look for your services. Inform others about your social media activities. Candys African Store is a company that is created to sell African products internationally. The job of a bike spare parts trader involves selling either new or used parts. (function() { Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Over 3.5 million genuine NEW spare parts Delivered Worldwide. Social media marketing can help you reach many people. You also need to find a cargo vessel to ship your bikes from overseas. Venturing into motorcycle spare parts business is a great idea to fill the market gap. We have a mandate to sell crude oil (BLCO) to any part of the world, any quantity, with international standard and procedures. The trade in new and used cars, motorcycles, buses and trucks is now a multi-billion dollar business on the continent. To increase sales, every company requires a solid strategy. Set up an online store and you can secure a wide customer base if you provide good quality products and excellent customer service. The city hasseven motorcycle organizations and sponsors an annual cycling event as part of the citys spring celebration. See in our business directory list of best Motorcycle Dealers in Abuja, Nigeria. Another lesson is this - you all cannot buy from the importers directly. You need to install furniture like shelves and counters. Vehicles constitute several electrical and mechanical aspects. . Motorcycle spare parts business plan should contain an overview of startup capital, revenue projections, licenses, market segmentation, and motorcycle spare parts in demand. This has led to an increase in the number of boda bodas in the country. When you meet the legal requirements, you can now launch your motorcycle spare parts business. KSh 10,338 - KSh 13,954. 1000 Miles Logistics Limited - please call us on 08090855679 for your parcel pick up and delivery service within Lagos. 26 Best Classic Cars Business ideas & Opportunities for 2023, How to Start a Pilot Car Business in 20 Steps, How to Start a Body Shop Company Sample Business Plan Template, How to Start an Electric Car Charging Station Sample Business Plan Template, How to Start a Powder Coating Company Sample Business Plan Template, How to Start a Boat Rental Company Sample Business Plan Template, 7 Easy Steps to Make Money Buying and Selling Used Motorcycles, 50 Best Electric Car Business ideas & Opportunities for 2023, How to Start a Car Tracking Business in 19 Steps, How to Start a Wrecker Services Company in 17 Steps. Required fields are marked *. To avoid liabilities and risks to your business, you have to get proper insurance for your goods. Each one of them needs a spare part. Your phone just might ring off the hook. We'll assume you're ok with this, but you can opt-out if you wish. Read also: Motorcycle business ideas in Kenya. From humble beginnings, Innocent Chukwuma now employs 7400 people. You will need over Ksh 1 million to start a large business.. After you get your pages ranked, you can sell advertising space, or sell related items direct to customers. The most common motorcycle brands available in Kenya include TVS, Boxer Bajaj, Ranger, Lion, Jingchen, Hero and Star. Motorcycle spare part business is fast gaining ground in Africa and Asia. Brian isthe presidentof the largest motorcycle organization in the city with over 800 members. Depending on the items to be carried, you could also transport medical deliveries. Trustpilot. Most operators change them between four and seven months, he said. But opting out of some of these cookies may have an effect on your browsing experience. Just fill-out an RFQ form and start getting quotations only from suitable suppliers. The need for car components is always increasing, especially in Nigerias main cities such as Lagos, Abuja, and Port Harcourt. 1. Recycled Riding Dreams will offer quality used motorcycles and motorcycle parts to a growing market of motorcycling hobbyists. Get this complete sample business plan as a free text document. She . Can you repair bikes or repair a specific brand of motorcycle? It will authenticate you to motorcycle parts wholesalers and distributors as an . Nigeria Motorcycle Spare Parts Products supplied by reliable Nigerian Motorcycle Spare Parts Manufacturers and Motorcycle Spare Parts Suppliers - Made in Nigeria . Nigeria. Consequently, these motorbikes need constant servicing and repair, hence the need for spare parts in most parts of the country. I,De prince superb international enterprises,want to be part of bulk of pop white cement importer from Turkey to Nigeria port Harcourt directly. You can also acquire capital for the business by getting a business loan from a financial institution or getting startup money from friends or relatives. However, if you do not have a large sum of money to invest, you can start modestly. If you know a whole lot about motorcycle travel routes and destinations, you could put down your knowledge in a travel guide to help other motorcycle travellers. The business may need you to provide a significant amount of starting capital. _Hasync.push(['Histats.start', '1,4114808,4,0,0,0,00010000']); A motorcycle breaker is one who buys crashed, damaged or non-running motorcycles and dismantle them. This will help you get the necessary stock for your business. We also take orders of local products you need from any part of Africa and deliver it. A motorcycle dealership is simply a store that sells different brands of motorcycles. I Am Mayur Tawhare From Pune,Maharashtra,India.I'm Working in Flash Electronics India Pvt. When you go to backstreets of the city, you will find that there are some lanes mainly hosting motorcycle spare parts businesses, he said. As the fulcrum of the motorcycle and help the motorcycle to run. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The venture involves selling motorcycle parts as a wholesale or . General contractor. This is important because spare parts are tied to motorbike models and customers will come asking for spare parts specific to their motorcycle brands. Instead of getting hands on, you can start a blog with a forum where you can share your excitement and enthusiasm about old models, the newest bikes, and your favorite rides. However, the bigger your capital the better, as you will enjoy the opportunity of having . It is important to stock various spare parts of different motorbike models. When you are importing motorcycles, you need to find a reputable international motorcycle shipping company to help you move your imports. Everything Motorcycles! Yes. The motorcycle and spare part business has fast gained ground in Africa and Nigeria. You can start by building a website around your favorite subject, but you need to focus on a specific type of motorcycle, not motorcycles in general. Iniobong Leroi Umoh is a storyteller, techie, and content writer with MakeMoney.ng. Due to the flexibility of motorcycle (boda boda) transport, Kenyans opt to use motorcycles for short errands. Market, you will store the parts an excellent camera million genuine new spare parts business in.. The most common motorcycle brands spring celebration show your marketing process and legal! Reputable International motorcycle shipping company to help you move motorcycle spare parts business in nigeria imports marketing process your! 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