How To Do Tire Business| Perfect Business Plan

How To Do Tire Business| Perfect Business Plan
5 min read

If you want to start your own business and your business should be such that it never goes through recession, then you can start tire business. Tire business is such a business that can give you lakhs of rupees and this business is never going to stop because in today's time the number of vehicles is increasing day by day and it is a 12 months running business. You never suffer loss in K's business whether it is Corona or anything else.

Electric vehicles will dominate in the coming time, but tires will be there, vehicles will not fly in the air, the only difference will be that the tires of the vehicles will be updated, which will be better and stronger than the tires of this time. Hence, your business will be more profitable. You must have seen that people mostly go to the internet and search for the nearest tire shop.

You can easily start this business even in a small town, opening it in a small town will also be beneficial because one day someone has to change the tire of the car.

You Can Start Tire Business In Two Ways –

  • If you want, you can start your business by taking a dealership (franchise) of a particular tire company. Like tire dealership investment, tire manufacturing, mrf tire dealership etc.
  • You can also start a business by opening your own retail shop. In this you can sell tires of any company or all types of brands.

How To Start A Business

To open your shop, you have to take care of many things which are given below –

Tire Shop Near Me

You can choose a roadside or market place to open your shop, where your shop will get rapid growth.

Product Selection

Before starting this you have to make your strategy or plan, like where you want to open your business, according to what type of vehicles are more driven, you can select or store tires in your business.

Which Type Of Tire Is In High Demand In Your City

You have to research about your city so that you can know what kind of tires people like more and get them fitted in their vehicles. You can visit mechanic shops near your shop to get the tires checked and ask them what kind of tires people like and also ask for their shop suggestion. Due to which the network for your business will also increase and your business will also grow.

If different types of vehicles ply in your city, then in that case you can keep different brands of tires in your shop.

License and registration to open tire shop

You do any level of business in the world or open a shop, for that you need license and registration, take license for tire shop –

Trade License: - You have to make Trade License for your shop, it is very important for your shop, without this you cannot do any business.

GST Registration: - Get your shop registered in GST.

Device

In tire shop you need a lot of equipment like tire balancing, tire changer, tire pressure, centering device, tire remote machine and impact rehang etc. These equipments need to be bought from a good company as all these equipments need to be maintained from time to time.

Tire Shop Worker

In today's time all work requires an employee, if you want your shop to grow fast then you should appoint such employees at your shop who know all kinds of problems related to vehicle tires and Let's solve them. There should be knowledge of repairing, the employee should be proficient in doing all the work of the shop, only the employee completes the work of your shop. Always be satisfied with the work.

Advertise Shop

In today's time selling your product and making a place in the market is a difficult task and to reach your product or product to the customer is no less than a task, you need tire promotion and advertisement to sell your tyre. To do this, you have to take care of some things like your advertisement should be such that it gets imprinted in the mind of the customer and whenever he buys the tyre, the name and number of your shop comes to his mind. To sell the tyre, what are the qualities or qualities of the tire and what are the advantages, all these things should be kept in mind in the promotion of tyre.

Total Cost Of Opening A Tire Shop

The cost of opening a tire shop depends on your shop like

  • How big is the shop, if you are renting a room for the shop then its cost and
  • Salary of employees according to the number of employees working in your shop and
  • Maintenance cost of tools and equipment used in the shop
  • Cost of shop lighting and electricity bill

Including all these and other expenses, the total expenditure will be around 5 to 6 lakh rupees.

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