The hard part is just keeping employees happy and motivated. Proper market research will help you identify genuine and reliable motorbike spare parts suppliers. NIGERIA HAS THE POTENTIAL TO BE THE FASTEST GROWING LARGE AFRICAN ECONOMY, WITH A PROJECTED ANNUAL GDP GROWTH RATE OF 4.2% IN THE PERIOD 2016-2050. Host your own motorcycle show for either motorcycle dealers, bike builders, home built bike owners, or owners of bikes of a particular brand etc. Gifts, Novelties and Promotional Material supplier. Bike builders and bike owners love to have their bikes airbrushed, so if you are good at it all you have to do is a little marketing to dealers, bike builders, and bike owners and youll get your business on track in no time. This capital will cover both shop or warehouse rents as well as stock. Nairaland - Copyright 2005 - 2023 Oluwaseun Osewa. We all have our various passions, and for some people they love that feel of racing off down the road or hills on their motorcycles with the wind on their faces. Aside from engine components, side mirrors, bumpers, rims, and other accessories are frequently in high demand. The number of bikes in Kenya has been on the increase, especially in the past four years, as prices of the machines come down and more young people seek employment opportunities in the transport business. However, if you do not have a large sum of money to invest, you can start modestly. If you want to sell to a corporation, your business location should be close to them. A guide to starting your own auto spare parts business in nigeria naijacarnews com how to start auto spare parts business in nigeria wealth result a guide to starting your own auto spare parts business in nigeria naijacarnews com how to start motorcycle spare parts business in nigeria wealth result. He is enthusiastic about Tech, Finance, and Research. The venture involves selling motorcycle parts as a wholesale or retailer to motorcycle enthusiasts. Depending on the products you buy, you willneed between N5m and N12m to fill a 40-foot container. Stock the basic Motorbike Spare Parts: Rim, Side mirror, Brake pads, Side Mirrors, Tubes, Tyres. Decide which parts will be in greatest demand during the normal course of operating your motorcycle parts business. We have looked at how you can use your artistic side, to set up a bike related business; but what if you are more technically minded? You really can make money blogging, so you should think seriously about starting a motorcycle blog now. Once those are achieved, you can run your own business teaching new motorcycle riders on a personal basis. (function() { Over the past ten years, biking has developed an entirely new customer base among baby boomer men, ages 40 to 65. The more specialized you become the more you can charge. This is a really good niche because there are thousands of people out there who think learning to ride a big bike or even a dirt bike is hard and they dont know where to learn. You will need assembly skills to operate this business or find an affordable mechanic to do it for you. We are good quality supplier of Motorcycle Spares Parts, Motorcycle Engine Parts, MBK Scooter Parts from China. Do you have excellent riding or assembly skills? LTD Manufacture and Assembly of Honda Motorcycles, Power Products and Spare Parts. We'll assume you're ok with this, but you can opt-out if you wish. * Transportation of spare parts from where. Motor spare parts business in philippines. Of. The business is currently one of the most lucrative and fastest growing in the East African nation as traders open motorcycle spare parts shops to satisfy rising demand for the products. Mayur Tawhare said on January 2, 2016. The business may need you to provide a significant amount of starting capital. No 2, Olushola Complex, NW 3/6, Idikan street, Feleye, Ibadan, Oyo State, Nigeria. Before importing any motorcycle from overseas, you have to make sure the motorbike conforms to Environmental Protection Agency (EPA) and the Department of Transportation (DOT) standards and regulations. You can earn through advertising on your website or run an online biker jewelry shop on your website. Email address * Password * . Motorcycle Battery. We are known for selling quality and value for money earth moving machinery, parts and power generation equipment. Contact Buyer. In Nigeria, there are many people that require car spare parts. For the experienced biker, quality used parts will cut the cost of repairs and modifications by 50% to 75%. It is mandatory to procure user consent prior to running these cookies on your website. Required fields are marked *. See Also: How To Import Good Quality Products From China This has therefore, created huge business opportunity in Motorcycle spare parts business. Many tour companies specialize in certain regions of the country, some are willing to take people on adventurous dual-sport routes and a few even specialize in tailoring their rides around bike rallies. 3.1. You are an entrepreneur if you own a car spare parts business. These cookies do not store any personal information. We are into sales repairs hiring and supply of sound proof generators and parts.rnHiring of earth working equipment. In Nigeria, there is a significant market for automotive spare parts, and the firm can be located anywhere in the country. You will need to drive sales by marketing your business. Spend much time, about 75% to build your customer relationship. Motorcycle owners do not just buy machines, they also buy everything that goes with the biking life. You can choose to specialize in a particular area, or provide a range of different products. Inquiry Basket. You need to hire staff with working knowledge of motorcycles. Obviously, your packages will be limited to relatively small things, but this business can be done with minimal fuel and maintenance cost to you. You can either buy new parts and resell or fabricate parts and sell if you have the skills. The city hasseven motorcycle organizations and sponsors an annual cycling event as part of the citys spring celebration. Depending on the items to be carried, you could also transport medical deliveries. While security is top-notch, your clients should be able to access their bikes 24/7. Based on the discussion and findings from the analysis o f this study, f ollowing . The following are some potential customers who will be interested in doing business with you: You can sell to private individuals, businesses, and the government. If you do not have the required assembling skills to fix used motorcycles, you can become a dealer in new motorcycles. The increase in Okada patronage has increased the potential profit in Motorcycle spare parts business. Bernard Moseti, another motorcycle spare parts dealer in Nairobi noted that the business is lucrative. For starting auto spare parts business in Nigeria, a minimum capital of 2 million will be considered the lowest amount one can use to venture into auto parts business in Nigeria. This type of location will be beneficial to your company. I Am Mayur Tawhare From Pune,Maharashtra,India.I'm Working in Flash Electronics India Pvt. We are Rocaphela ventures, dealers on all kinds of keke napep (tricycle spare parts) like tvsking spare parts and atl brands products. How Much Do Billionaires Spend on Security? One can count up to five shops dealing with the products in most market centres in Kenya. Read also: Motorcycle business ideas in Kenya.. Your warehouse should be climate controlled. Each one of them needs a spare part. our objective is to buy and sell engineering to parts, Buying Agent for chemicals, tractor parts, Agricultural Machinery and petroleum by products. Your choice of warehouse or shop will be determined by your preferences. All the advantages of off-plan: why is it worth buying a property from a developer in the UAE? If you can fix bikes you can really make good profit. You can learn a lot about the work by doing an apprenticeship in a business that sells automotive replacement parts. A-MAP is one of the leading exporters of automobile spare Made in Korea under strict quality control, Sebang Batteries are gaining popularity in the African markets as they are durable, rugged and competitively priced. From humble beginnings, Innocent Chukwuma now employs 7400 people. People would prefer to visit your auto spare-parts business as a result of the quality service and the kind . It is best to set up your motorcycle spare parts business in a location where the boda boda business is popular. While youre doing all these, you need to review your state laws to verify what motorcycle conditions constitute a faulty vehicle. Re: Spare Parts Business In Nigeria by 1forall: 1:33pm On Jun 18, 2013. luciano72: hope you mean motor spar parts . It is because of principle. Sportbike Warehouse. I go to industrial area to buy the spare parts from a trader who imports them directly from Asia. Wanted business partners in Africa Competitively priced tyres of almost all well known brands like Advance, Double Happiness, GT, Double Ox, Hankook etc. INNOSON NIGERIA LTD Importation of Motorcycle CKDs for Assemblage of Motorcycles, Spare Parts and . . Re: Spare Parts Business In Nigeria by jayna ( m ): 8:17pm On Mar 19, 2013. To start this business you have t make a budget for Gas, electricity, council tax, water, broadband and telephony, disposal of scrap and toxic materials, payments, insurance, marketing, packaging materials and postage etc. IEC standards 160W-600W fast start with voltage motorcycle parts starter motor WAVE125. Any sort of business that requires extensive transportation instantly becomes more economic when performed on a motorcycle. This will make it easier for you to figure out how to develop your own business and how to outsmart your competitors creatively. The majority of the spare parts are imported from the United States and European countries such as Germany, Belgium, Denmark, the Netherlands, and others. Top 5 Locations to find Motorcycle Spare Part Wholesalers in Nigeria (updated for 2023) October 18, 2022 in Uncategorized. 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