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Discussion Starter · #1 ·
me and a mate are thinking of starting a aftermarket autoparts store after we finish college, or after uni if we decide to go. i live in godalming and the only place to buy aftermarket parts really is halfords, there are a lot of boy racers but there are also a lot of people who spend a fair bit on their cars.
we both have a fairly good understanding of the modified market and were thinking of starting of at first as an online company, my uncle has a large container firm and i also have a place to store stock so storage isnt really a problem, we though that by starting online we would not have any shopfront costs ect.
we were thinking of using companies such as demon tweeks ect as suppliers enitialy until we can get products directly from the manufacturers ect.
has anybody got any other ideas or advice? i am studying buisness at college so that will help a bit but really i would just like peoples opinions and ideas. we would advertise the company by attending cruises, meets ect my car sticks out quite a lot so that should help ( providing people liek what they see lol)
thanks in advance
jack
 
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I would check out some of the companies that already do it well and then pick the best bits from them all and incorporate it into your business ....

Customer Service is paramount nowadays, its okay saying you have the best product in the world but when it goes wrong you dont sort it out ...

Search on the net and get some business advice from a bank etc etc or your local chamber of commerce
 

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Just remember, its a very competitive business these days, and setting up a new online store when you don't have a supply direct from the manufacturers will almost certainly mean your prices will have to be higher than most other places. With a 'high street' store, you can afford to have higher prices as people who come in will generally shop around less than those using the web. If I'm honest I'd say its probably not worth considering an online store unless you can make sure your prices are on a par with other online retailers. As Si says, you'll need to start speaking to your bank about their business services and what they can offer you, and try and find other people who have started up online busniesses (doesn't need to be the same field as yours) and find out what they did to get themselves up and running, what problems they had, what they'd do different given another chance, etc.
 

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think long about it. i worked for a now infamous company in the north east called Tsunami Racing.

it had years of planning, a large amount of financial backing and due to lack of knowledge/greed of the owner it all went horribly wrong.

not worth losing friends/respect over without a LOT of planning
 

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Discussion Starter · #6 ·
cheers for all the advice guys, im probably going to talk to my buisness teacher and careers advisor at college and then maybe visit a few companies ect.
i think my main sort of aim for the buisness would be customer satisfaction, obviously money would be important but having a good repuation and not only having customers proud of your service but being proud of the service myself. we would eventualy offer a fitting serivce ect when we are making enough money to afford a premises with a garage ect.
were goign to do a lot of preperationinto finding out what market godalming and the surrounding area has, for exaple i was thinking that when i can drive i might go to tehe guildford crusie and just ask people, if the company was set up would they use it, and what sort of services and products would they want.
thanks for all ur advice, its all much appreciated
jack
 

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if i was you id SERIOUSLY think about which sector of the modified business you want into.

ive know a couple of people whos set up business' as selling parts for specific cars......usual stuff exhausts etc but there isnt enough demand to keep it going yourself......unless you have a large capital behind you and CAN afford to take a massive hit for the first few years.

i dont think its a wise decision. especially if your using other companies as a supplier. youll only be selling the parts they sell for more £££ to survive.

id focus strongly on one car model and take it from there.........
 

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Discussion Starter · #8 ·
sort of build up a reputation as a specialist in one manufacture or type of car then? i was thinking of mainly going for universal or popular parts firstly such as m3 style mirrors, few bits of plastic to satisfy the chavs ect and only supllying larger items such as bodykits ect as and when the demand for one comes in. i know there are a lot of flaws in my plans ect but its onyl really a rough guide at the mo. one of myother ideas was that if we had a shop front, we may only need one of each of the popular larger items to have on display and then when people want something, order it in specialy for a good price from somehwere else and then adding our mark up on top.
i intend on visiting a few companies and maybe goign up to scorpion racing or something to do a bit of work experiance just to get a bit more of an insight to the industry.
cheers all
jack
 

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all the chav stuffs on ebay though.........you just wouldnt make a profit

a lad around here started off selling bits for cav/cally turbos only. he now has his own shop and 4wd rolling road specialising in evo/scoobys and powerflow exhaust. only 4wd rolling road north of fife so hes done very well acquiring one............

his company isnt liked by competitors/customers at all for shoddy work carried out and undercutting but the way hes gone from modding his own car/mates to this in a few years is impressive

http://www.wallaceperformance.co.uk btw if you wanna check it out. thats the only success story i know of from quite a few ventures whove tried to cater for all things......then disappeared

same with the spate of revo dealers for seat!!! plug and play parts for a rare care will guarentee business.

i think the best way to sell your product is to have a product so good it doesnt need selling......so finding that niche in the market is what id look for. then take it from there....

just my 2ps worth.
 

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Graffacake,
I don't want to sound pessimistic or nasty in anyway, so please don't take my following remarks as a personal dig at you in anyway as thats not how my post is intended.
My first comment would be this:
You are very young, and have little or no knowledge in the big scheme of starting or running a business like this.
Building up from the ground needs funds. Have you approached a bank or lender for money, and if so how much? Do you know how much this will need?
Buying from Demon Tweeks or other big companys is not the way to start your own company. They get the parts direct from a supplier, add money on for profit, and seel them to the likes of you and me. If you buy from them, you will have to add money on to make a profit, and if your doing that, then you are dearer than Demon tweeks, and where do you think people will buy from?
If you hope/expect demon tweeks or other companys to give you parts at the price they pay, you will be dissapointed. it's all about profit!
Start off working at a company like this for someone else and gain the knowledge at someone elses expense if i was you!
 

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Wise words from Dave there. To be honest, I was thinking the same. Unless you are able to secure investment privately, you may well struggle to get loans from a bank to set up your business. They aren't dumb, they know that the car accessories market is very competitive, and that alone will make them think twice about supporting your venture, and your age won't help either as you'll have little or no security to offer them yourself. Also, it doesn't matter how many books you read on the subject or how many lessons you have at school/college, they'll never prepare you for the real world. I studied computers for years, right through to getting my BSc degree at Uni, and I was amazed by how underprepared I was to go into a job, and that was just job, not evening running my own company! Seriously consider putting the plans off for a few years and getting a job with a local motor factors, or even somewhere like Halfords. If you've got the determination to succeed, you could easily find yourself filtering up the ranks within those companies which will give you very valuable experience for setting up your own business. I know its a different industry, but I've been in my job for 5 years now, and there is no way on earth I'd consider starting up my own anytime soon. Maybe 10 years down the line I'd consider it. For your industry the timescales need not be anywhere near as long as that, but any real life experience you can gain is worth 10 or 100 times what you'll learn at school or college.
 

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i personally think dave just hit it on the head there. the best thing in this life is exspenence- without none it wouldnt work. a very big risk. well on ya if it works but the internet is a big no no so much compotision out there, and the demen tweek idea- that aint gonna work at all!
 

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I work in that industry and yes it's very competitive

We are an independent and have a high street shop and on line service, if you are starting up you will never make it as you have to compete against the big boys such as Halfords, Motorworld, demon tweaks etc etc

Also its not what you know its who you know, we deal with alot of the big suppliers Gmax, K+N etc and im on 1st names terms with alot of them (inc sales reps, management and even owners!) they do not let just any one do business with them, i would work for a company and get contacts
 

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Discussion Starter · #16 ·
cheers for all the advice guys, i take it all as positive critisisms as i need all the opinions and ideas i can get. i am starting to think along the liens of finding a job in a place that alread deals in this area and workign my way up there before starting myown buisness. funding would be the main problem, neither i or my mate have much money and loans would probably be out of the question due to no property ect for security.
i do like the idea of specialising in a certain car, but we did nto want to deal top much with the tuning or fitting side due to liabilities, insurance ect, but again im not to clued up on this side, i no how to tune cars ect, but its the legal sides and how something you do could come back and bite you ect.
thanks for all the advice, im not sure if it will ever even happen, but it is somehting eventualy i would like to go into, big fan of modified cars and what you can do to them, especialy jap cars liek supras :p *drools* lol
thanks
jack
 

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Don't loose sight of your dream mate ;) If you want it enough it WILL happen, it just might take ten years to build up the experience and contacts before it become a viable option.
 

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Hola, yo también tengo mi propio negocio de tipo. Llevo varios meses comprando criptomonedas en j2tx.com España y puedo recomendarles este servicio en particular, porque la comisión es muy baja aquí. Una de las mejores ofertas no sólo en España. Probado por muchas otras personas, así que no te preocupes por la fiabilidad. Espero que esto le haya sido útil. Buena suerte.
 
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