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    1. Landmark_99 is offline

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      #1

      Tips for starting a motorcycle store/shop

      I have been thinking of starting my own motorcycle shop. What kind of things do I need to do before I can open a motorcycle store?
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    2. tim007's Avatar
      tim007 is offline

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      #2
      No matter what type of business you want to open there are a few things that must be done first.

      Create a business plan

      o What type of motorcycles will you sell
      o Will the store be a partnership or solo business venture
      o How much money will it take to start the company
      o Can you afford to buy motorcycles to sell?

      Business license
      o Contact state economic department

      Find location for motorcycle shop
      o Are there any other motorcycle stores nearby?
      o Does your city/county have an ordinance against motorcycle shops?

      Create website
      o Market yourself online to generate more than just drive by traffic

      You can see that most of these points can apply to more than just motorcycle shops. Research the motorcycle industry and see what brands sell and what people are looking for.

      Are you going to sell street bikes? Motocross? Dirtbikes? Atvs? Accessories? Hardware? Will you provide repair motorcycle services?

      There is a lot to think about. Make sure you have a good amount of capital that will help you cover your startup expenses.
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    3. Sam1978 is offline

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      #3
      Every business needs a license and a way to promote itself.

      As a motorcycle shop, you have a lot of options since you can sell online and to customers who live in your area.

      Make sure you start a bank account that is separate from your personal bank account. Having separate accounts help at tax time and also when you are trying to balance your books each month.

    4. Brightship is offline

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      #4
      Since you are starting a motorcycle shop, you won’t need as much room as a car shop. Make sure the building has room to store the motorcycles safely so you don’t end up damaging your merchandise.

      Also, if you are going to sell motorcycle accessories such as helmets, gloves, jerseys and so forth, you can dropship a lot of those items without having to store them on site. That might help with your overhead and help expand your motorcycle inventory.

    5. Landmark_99 is offline

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      #5
      I have been doing research for the past three months about motorcycles and what are the popular brands and manufacturers.

      Thanks to this forum, I already know of some great suppliers for motorcycles and motorcycle accessories; I feel like I am off to a good start there.

      I just wanted to make sure I handle the business end of it because I didn’t’ want to end up owing taxes or not having my I’s dotted or T’s crossed

    6. tim007's Avatar
      tim007 is offline

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      #6
      It’s always good to be prepared. The more homework you can do about the motorcycle industry the better you will be at handling the start of a business.

      Even with all the plans you have to think of a way to get customers to buy your product. That’s where the research helps because if you are selling popular motorcycle gear at a competitive price, then you can start with a boost.

      Remember to promote yourself using the internet and social media tools. Also attend some motorcycle trade shows so you can stay on top of what is going on in the motorcycle trading industry.

    7. Landmark_99 is offline

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      #7
      Yes I know that I’m not going to sell out of motorcycles on the first day. In this economy, I know to think practical Appreciate all the.

      I’m very excited about starting a motorcycle shop and glad to be getting some help.

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