Jennifer Livingston

Company: Freelance Writer

Jennifer Livingston

Freelance Writer

Mar 3, 2018

How to Grow a Small Lot Into an Auto Megaplex

There's nothing more indicative of the American dream than starting a small business and growing into something large. This can occur in any industry, but it's especially possible when your small business is selling cars. If you have a small car lot, you can grow it into a large business with these simple tips in mind.

Positive online presense

Nowadays, most people look up a company online before doing business with that company. This means it's extremely important for people to have a positive online presence. How do you get good reviews, though? Emphasize customer service as a top priority in your company so that customers always leave feeling like they were sufficiently assisted. When someone does leave a bad review, reach out to the customer to help rectify any poor service and change their view of your company. Also, encourage all customers to leave feedback online by offering discounts when they leave positive reviews.

Proper accounting

Your finances need to be handled properly if you expect to grow. Hire an accountant with a track record of success and the ability to handle an account of your size. Proper accounting will help you keep your financing organized and stop you from making expensive mistakes. You can also track your growth and business trends, so you know when you can expand space and buy more inventory. If you are involved with charities in your area, you could even look into if you qualify for non profit accounting, which could save you money.

Creative advertising

People need to know that your company exists in order for them to buy your services. Therefore, you need to advertise your lot to get customers. There are plenty of car lots, though. In order to stand out from everyone else in the industry, you should try to do something a little more creative than a simple ad. Giveaways and events are great ways to get people to your lot and make a name for yourself in the community. When people in your area know about you, they will remember your company when they are in the market for a car. Community-positive events also help give your company a good reputation in the area.

Hire great employees

You can't be the only one on the lot making sales. This means you need to hire employees to help you sell your cars. Good employees will help generate business, and they will help give your company a good name. Hire people with experience, and hire people who have similar long term goals. They should understand that good customer service is more important in the long run than quick sales. You should also hire people who plan to make sales a long-term career. As you grow, they will grow. Your team requires more than salespeople, though. Hire a good marketing and finance team so that your customers have a great experience in every aspect of their interaction with your company.

Be patient

Good things take time. You will not be able to build your dealership over night. One of the biggest mistakes that a small business owner makes is growing their business before they are ready. Take your time to save up properly. A growing business requires a lot of know how and a lot of customers. Build your clientele and develop a business model that works for you so that you are able to attract and handle more business and more inventory.

 

A small business can be the start to big success. As long as you follow these simple rules, you will be surprised how big your company can get.

 

Jennifer Livingston

Freelance Writer

Consultant

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