- Start-up cost: RM5,000-RM10,000
- Potential earnings: RM15,000-RM25,000
- Typical fees: RM5-RM10 per sticker
- Advertising: Networking and direct mail to car dealerships
- Qualifications: None
- Equipment needed: Mobile printer with preprinted forms
- Staff required: No
- Handicapped opportunity: Yes
- Hidden costs: Insurance, equipment maintenance
- Lowdown: The used car industry should have adequate information about each car on each lot, and the best way to achieve such accuracy regarding a particular auto’s history is to have printed labels on each car window, detailing such critical information as mileage, special features, and life cycle of particular items such as tires and timing belts. All of this information should to be displayed prominently on the inside driver’s side window, and in a professional, standard-looking manner. After all, used car dealers base much of their sales on credibility these days, and they depend on items as seemingly unimportant as your product to build customer trust. The buying public is far too smart to be duped by “lemon” automobiles; those who don’t know a lot about cars are beginning to hire automotive inspection services to check out a car before they buy it. Your main objective in this straightforward business is to sell to dealers on-site, print out the labels immediately, and collect your cash. As at the time of writing this, NO car dealers are practising this which makes you a pioneer in this business!
- Start-Up: You’ll need specialized forms and printer you’ll need to produce labels and you might have to purchase software and computer equipment which allows you to do this You should be spending between RM4,000 to RM8,000 to start-up this business. Your advertising budget can be rather small, due to the fact that your growth will be based on reputation and networking success. Expect to earn anywhere from RM15,000-RM25,000 as you run around from dealer to dealer, building lasting relationships based on short-term need.
- Bottom-Line Advice: This is a simple business to manage and run—but you’ll really need to be of immediate and accurate service to your clients to keep the cash rolling in. Any time you’re not available to them, they’ll use a competitor (and you know what that can do to your bank account).
