Profit Big on Auto Parts

There are many different ways one can make profits from the comfort of their home, but today we are going to share a different way. We say different because the online auto parts trade is still in its infancy stage and not many people are familiar with the opportunity.

Look around you when you are on the road. There are millions of cars, buses, motorcycles, boats and not to mention sports vehicles. They all require or will require some maintenance or parts down the road. It is just a matter of time. In fact according to the U.S. Department of Transportation Statistical Records there were 241 million registered vehicles in 2007 in U.S. alone, and this does not include the vehicles in stores, salvage yards, auto auctions, and countless other places. Now, multiply this many vehicles by the number of parts an average vehicle has, and you get into trillions.

Before the internet age the auto parts industry had been primarily occupied by the big conglomerates such as NAPA, Checker and a few others but thanks to the internet this is changing. Today anyone who has an access to the internet has the opportunity to unlimited potential, and better yet create it from the comfort of their home. According to eBay motors 4.5 billion dollars worth of automotive related items are sold annually making it the most profitable sectors on eBay. The majority of sellers are ordinary people who buy and sell for a profit.

There are two different ways of profiting in this business. One is to open a brick-and-mortar place. The second way is to do it online. In this chapter we are going to skip the brick-and-mortar method as it takes tremendous capital investment, time and effort, and we will devote our energy to online strategy. The great part about running any online business is it allows you to be flexible, it operates 24-7, and gives you an access to global marketplace.

1. To generalize auto parts business involves buying some auto parts from various places, and selling it for a profit. The auto parts can be anything from small clips to big engines. We suggest that you sell the parts that are fairly easy to handle, not bulky or too fragile. For example window shields are big, fragile and difficult to ship. Very heavy parts are also difficult to work with. With this being said there are many online stores that specialize in handling these big, bulky and fragile auto parts and they do extremely well. It is a matter of your preference and choosing the parts you want to work with.

2. It is always better to play it safe before you dig in. So, we strongly suggest that you be patient and run a small test before asking a manufacturer for 100 headlights. If you happen to have some spare genuinely used auto parts or you know someone that might have some you can try listing them on the web. It doesn’t cost you anything and you will be rest assured that you are not wasting your money. To list your parts we suggest that you choose a website that specializes in the industry, allows you to pay on per-sold basis, and offers automatic re-istings.

3. If you want to go straight to the big game and skip the test mode then you will need to equip yourself with some inventory for cheap. The best way to obtain such inventory is from international supplier. The reason is the price. You can buy 100 headlights or any other parts for darn cheap. There are hundreds of auto parts manufacturers in China, India, Taiwan and many other countries that you can contact and purchase your inventory. Once you find a few manufacturers that you are interested in e-mail them with some questions. Ask them about minimum order, price per item, shipment terms and delivery time or any other requirements. This information is important as it will allow you to determine the selling price for you item. Check some good name stores to determine a competitive selling price for your auto parts.

4. It is vital to fulfill all the necessary legal requirements to operate on a bigger scale. Like with any business you must apply for business license to sell. For this you will need to contact the Department of Revenue. You also will need EIN (employee identification number), and register your business name through your state. Although optional but you might be interested in registering you trade mark, open business account and get a 1-800 number but again this is not required and we suggest that you fulfill only the basic minimum. The process takes less than one hour.

5. Contacting manufacturers, discussing the requirements details, getting your shipment and listing your parts – the entire process usually takes about 3 weeks in the beginning. Once you start selling, the process becomes your second nature, and the profits start flowing. The more parts you buy and sell, the more profits you reap.

6. The last piece of advice we want to give you is not to expect instant results. Success takes time to build. So be patient, follow the steps and your efforts will pay off big time.

Good Luck!

Tips For Buying Used Auto Parts

Automobile manufacturing is one of the largest industries in the manufacturing sector. Hence it generates a large amount of waste products. The auto salvage industry thrives on salvaging useful components from irreparable cars. Up to 70 % of the auto parts of an irreparable car can be salvaged, such as body panels or bumpers, wheels, front or rear ends, motors, transmissions, electronics, among others.

Advantages

Used auto parts are a great way to save money for maintenance and repair of your car. Used auto parts are fairly cheap and may cost anywhere between 20 to 80% of the cost of a new auto part. Used auto parts are environmentally friendly, as not using them would add to the junk in junkyards or consume scarce landfill space. Furthermore, manufacturing new components would also consume too much resource.

Availability

Used auto parts are available online or from local stores. . Most towns and cities have used auto part stores. Used auto parts can be purchased on online auto parts stores by credit cards, and the parts are delivered or shipped within 3 to 6 days. While purchasing online beware that the image shown on the site may not match with the actual part.

Identification

The car part can be easily matched with your car by having your car’s vehicle identification number (VIN). This number provides the seller with lot of useful information, such as the make and year of manufacture, engines, transmission etc. If there is any confusion the used auto stores sales person are in a better position to help you.

Warranty

Ask the seller to provide warranty. It is prudent to read the terms and conditions of the warranty.

Age

It is necessary to find out the mileage on the auto part. Also confirm whether the part is being sold as used, repaired or remanufactured.

Duplicate

Auto parts can be duplicated easily and these are generally not safe and reliable. Usually it is easy to identify a duplicate part by visual inspection. If the part differs in look from a new part, has a mismatched logo, or typo or anything out of the ordinary then it can be assumed with high certainty that it is counterfeit.

Paint

Usually there is a mismatch between the used auto part color and your car body. Consulting your body shop is necessary before purchasing the part.

Maintenance and keeping your car road worthy is becoming costlier by the day. Used auto parts can reduce the maintenance cost to a great extent. However some caution should be exercised before buying used auto parts.

Auto Parts from Junkyards

Are you looking for auto parts that won?t cost you a fortune? Are you the type of auto enthusiast who loves to create vehicles using cheap yet unique parts? You might want to try looking for auto parts from junkyards. Don?t be dissuaded by the term ‘junkyard,’ though. Most parts sold here can easily be repaired and restored.

Auto parts from junkyards have been salvaged from wrecked vehicles. These include used body, electrical and engine parts. Most of them are also available as auto parts that you can readily install to your vehicles. They are pre-cleaned, conditioned, inspected and tested to assure quality.

So if you?re looking for auto parts like engines, starters, alternators, bumpers, stereo systems, steering columns, dashboards, doors, exhausts, wheels and tires but don’t want to spend lots of money, you can always rely on auto parts from junkyards. Most dealers of these auto parts include inventories of used parts for late models.

How to Get the Best Auto Parts from Junkyards

Most will disagree that you can find good things in junkyards, but this is not the case. You can, in fact, find reliable materials there. It’s just a matter of how far you would go to find what you?re looking for. The best way to get the best deal is to conduct extensive research. Look in motoring magazines and on web sites. Find lists of reliable junkyards and try to visit as many as possible.

The most important thing is to be able to tell if an auto part is genuine or not. When you are knowledgeable enough, you can’t be offered products that are not meant for your specifications. Thus, it would give you big edge to have enough information regarding auto parts from junkyards.

Some shady junkyards try and sell unreliable products. In this case, try and talk to people who have done business with them previously. Auto experts can also help you find the best auto parts from junkyards and give you advice about them.