Being an auto dealer is the ideal home-based business
In the home rehabbing business, it is common wisdom that cosmetic improvements are the most profitable. Being a used car dealer follows the same principles with a couple of added advantages: The huge entry point to buy and refurbish even an inexpensive home is usually out of reach for those just getting started. A project home is generally financed, creating pressure to rush the rehab job. A car, on the other hand, can be bought and upgraded at leisure when money and time allow.
Having a dealer license sets a person apart from 99% of others advertising used vehicles. The number one fear among those shopping for a used vehicle is that they might purchase the “lemon” that the current owner is desperate to unload. This fear disappears when they do business with a licensed dealer because they see a professional doing business as opposed to someone trying to push a problem onto them.
The second huge advantage of a license is having access to dealer only auto auctions. These auctions give a dealer access to a massive pool of vehicles in all conditions. This ready source for inexpensive vehicles is what sets a hobbyist apart from a real dealer. The hobbyist can afford to sit back for months at a time, waiting for the ideal project car to come along. The dealer, on the other hand, needs a steady supply of quality vehicles to work with. Dealer only auctions provide precisely that.
Often the most difficult part of starting a home business is deciding on the business. Ideally, a business with a relatively low entry point, an unlimited profit potential, and ready access to product and other resources is the optimal choice. Those who decide to start a business as a licensed auto dealer have all these things at their fingertips. Being an auto dealer is the ideal home-based business