3 Important Facts To Know Before Opening An Online Auto Part Supply Store

1. 3 Important Facts To Know Before Opening An Online Auto Part Supply Store If you are thinking about becoming a Keystone automotive supplier or any other auto-part online supplier, now is the time. That is because this ongoing global health crisis has given rise to new business opportunities and trends. The eCommerce market especially has seen a dramatic change. The good news is US automotive aftermarket is showing great improvement which is pegged at 30% since 2019. Hence, if you have always wanted to become an auto part supplier, now is a great time to join the thriving online auto part supply industry. But before you go jump in, here are important facts you need to pay attention to.

3. Investigate your market This will determine your whole online store. There are many market research available online that can help you to scope out the automotive aftermarket shopper demography. The customers who shop for auto parts online can be divided into two groups: retail customers and B2B customers. Who is a retail customer This group of customers are people who are customizing their vehicles. It can be a kid trying to buy a good loud exhaust for his existing car. This type of business is called B2C and most time, the business quantity will be small but will have a shorter delivery time.

5. Who is a B2B customers The small vendors like your local garages, auto shops and others make up your B2B customers or Business to Business customers. This group of customers will have more volume of sales, but your profit margin will be lower. But if your services and inventory are good, this type of customer will stabilize your business fast.

6. 2. Focus on a Niche Market Why do you need a niche market? The auto part supply industry is quite vast. There are various kinds of auto part demands in the market, which broadly can be divided into two, OEM or original equipment manufacturer and third-party auto parts. So choosing one market at the start will make it easier for you to plan your business and focus your marketing efforts. Select the type of auto-parts to sell Once you have selected which type of auto parts you are going to sell, you can then further choose to sell only replacement parts or performance parts. So, it can either: • External automotive parts like grills, bumpers, hubcaps, etc. • Internal parts like cylinders, spark plugs, fuel jumps, etc. • Tools like jacks or wenches.

8. 3. Find a great eCommerceplatform Once you have decided on your niche market, formed your company and done the paper works, it is time to focus on building your online store. User experience is the biggest thing that matters when it comes to designing a website. From chatbot implementation to visual merchandising, everything should be good to gather your customer base. Hence take time in selecting the best eCommerce platform for yourself. These are the features your website should have that your eCommerce platform should implement smoothly. • Easy method to filter their vehicle • Faceted search • Loyalty programs • Chatbots • Secure payment getaways • B2B capabilities

10. The future of business is eCommerce. So, the earlier you jump in, the better it is for your business growth. Hope this information helps you in your journey to becoming a Keystone automotive supplier or any other auto-part supplier.

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