Category: Automotive Business Financing

Marketing Strategies For Auto Repair Shops

The lull in business brought about by the pandemic and lockdowns can only be broken by effective marketing. It is important that business plans be revised to include creative marketing strategies so that businesses can pick up the pace again. Auto repair shop financing agencies help auto repair shop owners secure the capital required to implement new and improved business plans. Let us look at a few effective marketing strategies that this money can be used for.

Introduce Early-Bird offers and packages

“Early-Bird” offers are a tried and tested marketing strategy to gain traction when a business is starting up. The same strategy can be implemented with a few tweaks as you open shop post-lockdown. From free diagnostic runs to free merchandise to discounted rates for services like cleaning, oil change, etc., this strategy is sure to lure in customers. You can avail merchant cash advances from online business funding agencies to fund this strategy.

Take the raffle contests to social media

Take raffle contests to social media platforms by securing auto repair shop financing. One follower, who has tagged a friend who isn’t following your social media account in the comment section and shared the news of the contest on their handles should be chosen at random for a free service. This will increase your reach and engagement and spread the word about your shop.

Introduce merchandise to grab new eyes

Merchandise is the key to grabbing the attention of new customers. Auto repair shop merchandise can include T-shirts, keychains, travel mugs, flashlights, etc., all bearing your company logo. This will be a non-verbal advertisement for your company for as long as customers have the merchandise. The capital required to put this plan in motion can be easily acquired through online business funding agencies.

What is Trucking Business Funding Used For?

An uninterrupted cash flow is a necessity to ensure the success of a trucking business. However, this cannot always be ensured by the business owners on their own, and this is where trucking company funding comes into the picture. Given below are the most frequent purposes for which such funding is sought.

For meeting maintenance expenses

Trucks require frequent maintenance. Avoiding periodic maintenance will affect the efficiency of the truck, and eventually affect the success of the business. Maintenance of trucks depends on the distance travelled, the type of load carried, the roads travelled on and the seasons. Some months call for more extensive maintenance than others, the cash required for these months is usually availed through trucking business funding.

For meeting administrative expenses

Trucking company funding is also sought to pay for the various administrative costs that are incurred in running a trucking business. This includes registration fees, certification fees, insurance costs, etc. While administrative costs are usually steady across months, some months require greater capital investment, particularly for renewal of various policies and repeated compliance.

For meeting expansion expenses

The expansion of a trucking business primarily involves procuring additional trucks. Such procurement can be by means of complete purchase or by taking trucks on a lease. Whatever be the method of procurement preferred by trucking business owners, trucking company funding is usually preferred to meet the cash requirements that arise.

For meeting hiring and training expenses

Hiring and training expenses are also usually met by trucking business funding. With increased business, the need to hire more drivers arises. Once competent drivers are hired, it is necessary to train them on the various safety regulations followed through seminars. All of these expenses can be easily covered by means of trucking business funding.

Utilizing Automotive Business Financing For Your Business Growth

When you own an auto repair shop, it is very common for people to assume that it’s a very easy and stable kind of business. And why not when everyone has a car and needs a professional mechanic for repairing and maintenance from time to time?

Surprisingly, no business can be easy. Like all other types of businesses, even automotive business comes with its own set of challenges. For example, the high cost of running, low margins, large investments, high maintenance of heavy equipment, constant upgrades, and so on. Apart from these, there are also other regular expenditures such as utilities, wages, insurances, overheads, etc. that make profit-making a bit difficult.

In such cases, Automotive Business Financing comes up as a great help for business owners. Several non-bank alternative financing companies offer Cash Advance For Auto Repair Shops at flexible cost structures. Below are the three best ways to utilize these funds and boost the profits in your business easily:-

Cash Advance For Auto Repair Shops

Promotion:

Promoting and marketing your business is one of the best ways to gain more clients in a short while. Thus, investing some part of your cash advance to attract customers through campaigns, advertisements, events, discounts, and offers can do wonders.

Managing Inventories:

In most of the cases, Automotive Business Financing is utilized for the management of inventories to cater to different needs. For example, you cannot service different brands of vehicles until you have a fair amount of stock of spare parts.

Providing Extra Services:

Offering a secondary add-on service apart from servicing and maintenance can be extremely helpful in making another steady revenue source when you have thin margins in the business. Therefore, a Cash Advance For Auto Repair Shops can also be utilized for offering services such as car wash, car paint, scratch correction, etc.

So, if you are also looking forward to growing your automotive business in a short time, consider applying for an Automotive Business Financing from a reputed non-bank financing company. For more details on Automotive Business Funding, call 800-828-0452 today!