Income $50,000 $100,000
Your income will be depend upon how well you market your services and how much competition you have. You’ll also want to make sure you are in a more influential area where people are more likely to upgrade their stereo systems.
Most people are not usually satisfied with the music systems in their cars. This business will concentrate more on upgrades than repairs, since installing a new stereo is generally less expensive than repairing an existing stereo system. You would also be able to install G.P.S. and other tracking Systems in fleet vehicles.
Most of your clients will consist of existing car owners who are looking to upgrade their music systems. You’ll also find that many companies who order fleets of cars order them stripped down, and have the stereos installed after they receive them.
It would be effective if you would place ads in local classified papers. You’ll generally find automobile specific publications that are local and will be great resources for promoting your business.
Research stores which sell stereo equipment, since most of them don’t install the systems in house.
You might also want to develop an effective email campaign that is directed towards anyone who is located in your general vicinity of your location.
Your Power Partners will consist of to be car detailers, tire installers, car leasing firms, car dealers, reupholsters and stores who sales car stereos.
The conversations with these Power Partners should indicate your willingness to include them as you become aware of clients who need their services.
It is important you meet with these Power Partners in person the first time, and then keep in touch with them weekly by email or by phone. Never let a month go by without initiating contact.
Car stereo installation is a business, which you can operate from your garage or an airport hanger. It is not necessary to establish a retail location; however, you should make sure you’re located in an area in which others will feel safe. You’ll need to be sure you’re comfortable doing the installations, as nearly every car will be different.
Here are a number of resources I have come across:
Personality Type: Expressive, Amiable
Total Start Up Costs:
Less than $1,500-5,000(includes location, business cards, tools, a phone and advertising)