So you want to start a dirt bike business. Well. First of all, answer the questions. Is it your hobby? Or is it a real business plan to make money?
The owner of honestrider.com says making a dirt bike trip with best friends on the nearer trail is lots of fun and enjoyable. And probably, this is the reason why you want to start a dirt bike business. But have you ever thought starting a dirt bike business from scratch to be successful is very tough?
However, don’t get crazy. It’s not impossible. As a professional dirt biker, I know how to start a dirt bike business and then make it profitable. In today’s article, I’m going to write down my experience of how I made my dirt bike business profitable.
So keep on reading this article from top to bottom.
3 Steps To Start A Dirt Bike Business And Then To Make It Profitable:
In these 3 steps, I’ll teach you how you can start your dirt bike business and then make it profitable. Let’s go through these.
Select The Type Of Your Business:
First of all, select the type of your business. A small dirt bike business can be a sole proprietorship, partnership, dealership, or family own-business. And every type of these has advantages and disadvantages.
As an enthusiastic businessman, what you need to do first is to select the type you like most. It means to select the type you think is the most profitable and easy to start. And which you can continue for a long time.
Choose The Brand:
After selecting the type of business you like most, it’s time to choose a dirt bike brand. Which dirt bike brand do you like most? Is it Razor, Honda, or anything else?
Anyway, I personally like Suzuki for their outstanding customer support. But do you think I should choose this brand to start my dirt bike business? Never!
As a business owner, I’ll never select any brand blindly. I follow a list of metrics and I think you should do the same. These are listed below.
|Popularity||Select the brand people like most in your state.|
|Price range||Make sure the price range of the dirt bike of the brand is not so high, at the same time, not very low. People won’t be interested in buying a dirt bike spending a big amount. Contrary, people cannot trust the dirt bike which comes at the cheapest rate.|
|Availability of Parts||A dirt bike can be useless because of the unavailability of any parts after damaging it. So choose a dirt bike whose parts are available everywhere.|
|Model Versatility||Mass people are fond of the newest model. Kids are as well. This is also a good side in terms of business. So choose the brand which always brings new models every quarter of the year.|
|Commission Structure||Always have in mind you’ve started the business to make money. For this reason, choose the dirt bike brand which generally gives the highest commission compared to others. Call the support of every brand and discuss the commission structure.|
Calculate The Ultimate Cost:
Do you know how much money you need to have for starting a dirt bike business in your local area? If not, then calculate it right now. Because, without a decent amount of money, you cannot start and continue a dirt bike business nowadays.
Strongly speaking, it’s very hard to tell the ultimate expenses for starting a dirt bike business. Nevertheless, I’m going to list the most common expenses to start your dirt bike business. Let’s take an idea.
|Probable Place To Invest||Investment|
|Shop Rent||Whether you’re going to start the dirt bike business in a rural area or town, have in mind that you have to spend a lot of money for shop rent unless you own the apartment.|
|Legal Fees||To make your business legal, you have to spend some money. An illegal business cannot go so far at all.|
|Display equipment||Make sure you have decorated your store with some fancy items. If you try to draw mass people’s attention, some fancy display equipment brings great results.|
|Website & Social media marketing||Websites are a must-have part for every kind of business in this digital marketing era. In addition, social media, such as Facebook, Twitter, Pinterest, can help you bring the best result.|
|Hiring people||Hiring few people will also cost a decent amount of money. So consider it.|
Note: costing is not limited to only these things. There are many other additional costs as well.
How To Keep Customers Coming Back To A Dirt Bike Business?
The coming back of your existing customers is a good sign that you have successfully built your brand identity to people. It will also reduce the expenses dramatically.
However, the only rule to keep customers coming back to your business is to make them happy with every successful sale. A customer who is happy with your service will come back again and again for sure.
What Are Others Saying?
In a nutshell, I’ve written everything you need to have in mind at the time of starting a dirt bike business. If you’re still under doubt, feel free to knock me by commenting below. I’ll get back to you as soon as I can.
Have a nice business! 😛
This is Saifur, from honestriders.com. Honest Riders is my riding blog where I share my day-to-day riding experience with my followers. The lesson I have learned doing hundreds of thousands of mistakes is going to write down day by day. You can learn more about me by clicking this link.