Ghana is a major automobile hub, the streets are full of cars and cars need parts. The bad roads and major towns and cities means people have to repair the cars often compared to living in the USA or canada. This presents a big opportunity for spare part dealers, but the market for spare parts is currently choked fortunately you can start yours online and i will show you how.
How to start a car spare parts business with minimum capital
Auto spare part business is capital intensive but the method I am about to review does not require much capital because you are not going to import spare parts but partner with spare part dealers to sell their products for commission.
With this method the major cost will be setting up your websites and running advertising to attract people. To set up a website you need an internet domain and web hosting. Actually you are better off hiring a professional web designer to handle your websites needs so you can focus on your business.
The next thing to do is find reliable partners who are willing to list their spare parts on the platform for a fee or affiliate commission. There are many spare parts dealers who will join if you are able to explain to them the benefits if they join the partnership.
Next you need a payment model, most ghanaians are fine with pay after delivery. This means you deliver the products to them first and they pay the agreed amount, make sure you add delivery fee. You can get a delivery company to do your deliveries or start your own delivery, to cut down cost it’s better to get a delivery company to handle the logistics.
The next thing is to run adverts online, you can choose google ads to run your campaigns. There are many options available when choosing google ads such as youtube ads, google search ads, display ads. Google ads also pay per click so you only pay when someone clicks on your ad. Make sure you have a responsive website since most people visit through their smartphones.
So that is how to start a profitable business in Ghana selling spare parts online, if done right you will be on your way to financial freedom. Thanks for reading this insightful article and I hope you take action, you can also leave a comment if you have any questions.