Setting Motorcycle Dealers and Revolution among Motorcycle Industry - PowerPoint PPT Presentation

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Setting Motorcycle Dealers and Revolution among Motorcycle Industry

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  1. Setting Motorcycle Dealers and Revolution among Motorcycle Industry Stepping into a showroom lined with sleek new 1500cc bikes is a vision that potential motorcycle dealers often hold dear. Starting a motorcycle dealership with imports, however, requires more than a love of curvaceous cruisers or agile crotch rockets. Like any business, selling bikes mandates obtaining permits and selecting the ideal floor space. Register your business. Verify state requirements and perform the steps necessary to procure a business and import license. Acquire capital for the business by getting a business loan from a financial institution or getting startup money from friends or relatives. Apply for a business loan by submitting a business plan. This requires determining the amount of financing you'll need for the business. To gauge expenses, calculate how many bikes you wish to purchase for the first order, staff salary, pay for mechanics and inventory for parts. Contact the manufacturer of the brand of bikes you wish to sell and arrange a purchasing order. Discuss warranty options, shipping fees and bills of sale regarding customs. Inquire about each manufacturer's requirements regarding minimum purchasing orders and necessary liquidity. Bargain for advertising via posters and Web promotion on the end of the manufacturer. Also check how much floor space you must devote to their bikes and how much may be allocated to additional, competing brands. Hire dealers and mechanics. Choose staff with working knowledge of motorcycles: They should be aware of how the product offering differs from other bikes, the specs of the motorcycles and the financing options available. Bill Kresnak, author of the book "Motorcycling for Dummies," explains that dealers should have working knowledge of starting the bike, its controls and assessing fluid levels. Offer staff members the chance to issue motorcycle safety courses to customers as a way to gain additional revenue. Buy ancillary items such as parts and motorcycle gear to accommodate low profit margins from selling the actual bikes. Stock up on helmets, jackets, decals, and bike add-ons such as wind visors and T-shirts.

  2. Get a surety bond for your dealership. Although states often require this to obtain a business license, this bond also gives buyers a peace of mind from financial transactions and contractual agreements that have soured. Things Needed Business permit Import license Inventory Ancillary items such as helmets and gear Surety bond, if needed Tip Establish a trade-in policy for the dealership. This option is attractive for individuals looking to spend less money on a used vehicle, as well as those looking to trade in their old vehicle in exchange for purchasing a new bike from your business. Base the trade-in value at an amount below the Blue Book value and offer more if the trade-in bike serves as credit toward a new one. Work with a financial institution to help your customers finance their motorcycles. Author’s Bio Tammy James in this article explains to his audiences the steps one can carry out to become a motorcycle dealer. He explores the various things needed for this dealership and importation.