Alex Korchmar Brooklyn, New York

Starting a business requires careful planning. Interested dealers must take into account the definite legal requirements they will require to comply with to start a dealership in their state says  Alex Korchmar . Some other aspects need to be considered like market, startup expense and how to create a solid business plan. You need to account all of these areas and more if you want your car business to grow it and keep for such a long time. Here are a few things that you need to consider when starting a car dealership. Let’s find out: Location –  The location of your business has an impact on the number of auctions and earnings you make in a year. Some states are more beneficial and offer an enhanced business environment than others. The factors like yearly sales, the expense associated with starting the dealership, weekly employee salaries and more. Type of Car Dealership –  Have you decided what kind of dealership you want to start? Are you going to open a n...

The car dealership is not the type of business if you have started, they will come business. Yes, that does apply to a few consumers, however, if you want to a stable stream of prospects walking through your door, there is a lot more work to do. Actually, it will take more than flamboyant signs and business cards to run a lucrative car dealership business says Aleksandr Korchmar . In this article, you will find some tips to conquer the car dealership market. Continue to read this article to find out what you need to do in order to run a successful car dealership business. Have deep knowledge about the market –  Running a car dealership business is not as easy as it sounds. If you are new to this business, there is a need to know about that particular market like other business. You need to research the demographics in that area as well as learn the vehicle purchasing seasons in your reason. For instance, if you live in a cold area, right before winters start could be the ...

All of us always dreamed of owning our own business. In this technologically advanced era, there are a lot of options to start your own business and the car dealership is one of them. For individuals passionate about automobiles, starting this business might just be a match made in entrepreneurial dreamland says  Aleksandr Korchmar . But starting a car dealership entails careful planning. Aspirant dealers must take into account a lot of aspects of opening their car dealership business. But no worries! In order to help you move gears and become your own boss, here are some tips to start your own business. Let’s find out: Decide On – New or Used Before you initiate lining up automobiles on the lot, you have to make a decision whether you want to deal in used or new car sales. Actually, the latest or old route will set the framework for the rest of your endeavors. Have you decided? Want to start a new car dealership? If yes, then keep in mind that investment is conside...

These days digital marketing is evolving at a high rate and it’s tough for businesses -to keep up. No worries at all! In order to help you, Alex Korchmar has put together a list of some digital marketing strategies you need to follow in 2019. It’s great if your car dealership business has already applied these marketing trends. But if not, you should think about these digital marketing trends before your competitors start implementing. Let’s have a look at these digital marketing trends: A Decreas e in Customary ad Budgets About 95% of car auctions start online these days. In fact, an individual’s spending cash on traditional ads will be dubious at best in this year. Digital media are successfully turning traditional brand awareness tactics on their heads. Platforms like YouTube, Instagram, and Facebook allow car dealers to track every possible way of conversion.     Proactive Review Management Reputation management is crucial for every...

A used vehicle dealership can be a profitable venture, if well executed. This is because of the profusion of people who require a car for their daily transportation needs. Furthermore, these citizens are not very enthusiastic to purchase new cars as their rates are higher than the rates for their used one says   Alex Korchmar . Are you interested in opening, buying, and/or operating an old car lot? If so, then take some time to familiarize yourself with these steps in order to set up your used car dealership business: Hire the right people –  Being the businessperson, you are the one with the idea, drive, and fortitude to see your dealership industry becoming successful. Unluckily, you possibly aren’t the individual that your patrons are going to be working with. Instead, that probable clientele is going to be dealing directly with your salespersons. As such, it is essential that you hire the right people for the occupation. The salesperson having some years of ex...

Investing in real estate can be more than just finding a place to leave home or rent out. Most people invest in real estate at some point in their lives says Aleksandr Korchmar . You can say real estate has become a universal investment vehicle. In fact, it continues to be well-liked even though a very pebbly market correction in the past years. The real estate market has ample opportunities for making a good profit. Purchasing and owning real estate can be more complicated than investing in stock. But no worries! In this article, you will get some tips for investing in real estate. Let’s find out some ways to invest in real estate: Purchase REITs: The real estate investments trusts allow you to invest in the estate without the physical real estate. If compared to mutual funds, they are businesses that possess commercial estates such as retail spaces, office edifice, and hotels. In fact, REITs pay a high bonus, which makes them a good investment for the futur...