motorcycle shop business plan philippines

How To Start Your Own Business Of Motorcycle Spare Parts In The Philippines

The year 2020 is almost about to end. If you have plans to start your own business in the upcoming year 2021, then you have to prepare from now onwards. Running a business of selling motorcycle parts and accessories can be highly profitable if you do it the right way. If you have plans to set up your own business of motorcycle spare parts in the Philippines , continue reading this blog further.

Here are some tips you must follow if you are planning to establish your motor parts and accessories business in the Philippines.

Tip 1 – Decide whether to deal online or offline

You have the option to either operate online or offline depending upon your preference and business goal. Both online and offline businesses have their respective pros and cons so do research well on what you can handle well. In case you are opting for an online motorcycle parts business , you need to have a proper-functioning website with virtual support, web hosting, and a computer system.

Tip 2 – Get a business license

No matter whether you have an online or offline business, having a business permit will prevent any future lawsuits. Obtain a business license before starting your business.

Tip 3 – Create an inventory

Research what is in high demand among your target audience. In motorcycles, motor parts that are in high demand are handlebars, clutch, levers, filters, engine oil, tyres, helmets, gloves, and so on. Create an online inventory that is always well-stocked with essential motor parts and accessories . Order certain motor parts on special demand as and when required.

Tip 4 – Purchase from the best motor parts and accessories supplier in the Philippines

As a motor parts dealer or retailer, you have to procure motor parts and accessories from a supplier or a wholesaler. Buy high-quality spare motor parts and accessories at lowest prices from the best wholesale motor parts and accessories supplier in the Philippines.

Tip 5 – Find the right location and staffs

If you have an online business, then a small room with computer system, basic facilities, and few staffs will do fine. But in case of an offline business, you need to have a proper location where more buyers can interact with your shop. You need to hire an accountant or bookkeeper, cashier, few salesmen or saleswomen, and so on.

Tip 6 – Spend some time and money in marketing and advertising

Every business needs a good marketing plan. As you must know, “ The aim of marketing is to make selling superfluous. ” ~ Peter Drucker. Be more active on the social media platforms, develop a blog page for your business website to gain the trust of your target audience , believe in word-of-mouth marketing, and practice other marketing techniques that work for your brand. You can also hire a digital marketing agency to get more sales and orders.

Starting your own motorcycle spare parts business is not going to happen easily. But with sheer determination and right business strategy, you can make your motor parts business prosper. To make your spare motor parts business prosper, get high-quality motor accessories from the leading online motor parts wholesaler in the Philippines .

2 comments on “ How To Start Your Own Business Of Motorcycle Spare Parts In The Philippines ”

Nice content. Your writing style is so impressive. Thank you for sharing this content.

Hey! Your information was quite beneficial to me. This article assisted me in purchasing a two-wheeler.

💡 Introduction To Starting A Motorcycle Parts Business

Is starting a motorcycle parts business right for you.

There are many factors to consider when starting a motorcycle parts business.

We put together the main pros and cons for you here:

Pros of starting a motorcycle parts business

• Rewarding work

Starting a motorcycle parts business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

• Meaningful business connections

You never know who you will meet as a motorcycle parts business. This could be the start of an incredible business opportunity!

• Daily physical activity

Motorcycle Parts Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.

• Amazing perks and discounts

Working in the motorcycle parts business comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.

• You are your own boss!

With starting a motorcycle parts business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!

• Local Community

One of the best parts of starting a motorcycle parts business is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.

• Higher likelihood of getting referrals

This business is all about referrals, which can be a a very impactful way to attract and retain customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product.

• Location is everything!

When operating a physical storefront, the location often speaks for itself and serves as it's very own marketing tool! It's important to choose a location in a high traffic area so you can spark curiosity and get people through your door!

• Face to face interaction

If you are the type of individual that thrives on human interaction, then this is the business for you! With a motorcycle parts business, you will be hands-on with customers and or employees every day.

• Simple business model

A motorcycle parts business has the advantage of a simple business model, which makes launching and building the business more seamless.

• You get to do something you truly love

With starting a motorcycle parts business, you get to put your energy into something you are truly passionate about! You'll find yourself devoting as much time and energy as possible into the business to make it successful.

• Easy to Learn The Business

When starting your motorcycle parts business, there is a ton of information readily available to you online (Facebook groups, Youtube videos, Starter Story etc). This will help you get the business started and answer any questions, doubts or concerns you may have.

• Never a dull moment

With starting a motorcycle parts business, there is truly never a dull moment. Your job offers a lot of variety and allows you to meet interesting people from all walks of life.

Cons of starting a motorcycle parts business

• Crowded Space

Competition is high when it comes to your motorcycle parts business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

• Finding The Right Supplier

Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.

• Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

• Low margins

The gross margins for your motorcycle parts business are typically around 34%, which can make it more challenging to incur new expenses and maintain profitability.

• High employee turnover

In the motorcycle parts business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

As a motorcycle parts business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

• High overhead expenses

With starting a motorcycle parts business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

• You may need to charge sales tax

If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out this article

• Time commitment

With starting a motorcycle parts business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

• You might struggle financially (at first)!

If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation.

• More of a challenge to run your business from home!

Running your business from the comfort of your own home is a big appeal for many entrepreneurs. With a motorcycle parts business, you are more likely to run your business out of your office or storefront space.

Big Players

Cycle Trader (20.5K Alexa Ranking)
J&P Cycles (53K Alexa Ranking)
Bike Bandit (64.6K Alexa Ranking)
YAMAHA - Motorcycles, Outboard Motors & More (86.4K Alexa Ranking)
Honda Global (88.2K Alexa Ranking)

Small Players

TAB Performance - Revenue $600K/month

Search Interest

Let's take a look at the search trends for motorcycle parts over the last year:

How To Name Your Motorcycle Parts Business

It's important to find a catchy name for your motorcycle parts business so that you can stand out in your space.

Here are some general tips to consider when naming your motorcycle parts business

Avoid hard to spell names: you want something easy to remember and easy to spell for your customers
Conduct a search to see if others in the space have the same name
Try not to pick a name that limits growth opportunities for your business (ie. if you decide to expand into other product lines)
As soon as you have an idea (or ideas) of a few names that you love, register the domain name(s) as soon as possible!

Why is naming your motorcycle parts business so important?

The name of your business will forever play a role in:

Your customers first impression
Your businesses identity
The power behind the type of customer your brand attracts
If you're memorable or not

It's important to verify that the domain name is available for your motorcycle parts business.

You can search domain availability here:

Find a domain starting at $0.88

Although .com names are the most common and easiest to remember, there are other options if your .com domain name is not available. Depending on your audience, it may not matter as much as you think.

It's also important to thoroughly check if social media handles are available.

As soon as you resonate with a name (or names), secure the domain and SM handles as soon as possible to ensure they don't get taken.

Here's some inspiration for naming your motorcycle parts business:

Spare Gear check availability
Velocycle Parts check availability
Cycle Imports Supply check availability
Motor Tech Parts Supply check availability
(name) Motorcycle Parts Supply check availability
Bestie Motor Parts check availability
5 Star Gear Shop check availability
Road Master Cycle Parts and Supplies check availability
Motorcycle Parts for Budgetarians check availability
(location) Motorcycle Warehouse check availability
Spare Tire Motorcycle Supply check availability
Authentic Motorcycle Care Parts and Supplies check availability
Adrenacycle Moto Shop check availability
Riders Spare Parts Shop check availability
Alpha Motors Supply check availability
Affordable Motor Spare Parts check availability
MotorLand Rider Shop check availability
AZ Motors check availability
Motor Parts Barn Shop check availability
Motor Works Shop check availability
Rider's Squad Motor Shop check availability
Motor Star Parts Supply check availability
Pro Motor Parts and Supplies check availability
Motor Therapy Warehouse check availability
Royalty Motor Parts check availability
Dream Motorcycle Parts Supply check availability
Euro Motor Spares Shop check availability
Fearless Motor Shop check availability
Global Power Gears check availability
Jaguar Motorcycle Spare Parts check availability
Metro Motorcycle Parts Supply check availability
Speedy Motor Parts check availability
Newly Motor Parts Supply check availability
Motor Champs check availability
Motor Xtreme Parts Wholesale check availability
Motor Parts Center check availability
Tired Up Motor Parts Supply check availability
Motor World Parts Warehouse check availability
Motor Parts Discovery Supply check availability
Motor Vintage Spare Supply check availability
Motoratarian Parts Supply check availability
Supreme Parts Wise Shop check availability
Grand Motor Parts Shop check availability
Budgetarian Motorcycle Parts Supply check availability
Unli Motor Parts Collection Shop check availability
Islander's Parts Stocks check availability
Genuine Motospare Parts check availability
Expoparts Gear Shop check availability
Moto Rumble Accessories check availability
Tire and Clutch Motor Parts check availability
Direct Motor Parts Supplier check availability
Bliss Cycle Parts check availability
Motor Parts Haven check availability
Countryside Motor Spare Parts check availability
Buddyhood Cycle Store check availability
Motor Sports Parts Collection check availability
Rider Helper Motor Shop check availability
Activgear Rider Needs check availability
Motorcycle Odyssey Shop check availability
Motor Nation check availability
Best Parts Time Shop check availability
Partmazement Motor Shop check availability
State Motor Bits Supply check availability
Session Cycle Parts check availability
Parts Master Supplies check availability
Universal Motor Parts Shop check availability
Legendary Rider Shop check availability
Motor Race Parts Hub check availability
Upland Ride Parts check availability
Motor Wheels Shop check availability
Millennial Riders Shop check availability
Voyager Motor Parts Selection check availability
Elite Motor Parts check availability
Primespare Shop check availability
Motorist Moto Parts check availability
Pound Biker Place check availability
The Oncoming Motorcyclists check availability
The Back Start check availability
The Personal check availability
Little Bike Group check availability
Private check availability
Modern Moe check availability
Rifle Motorcycle check availability
Only check availability
Truck Place check availability
The Shiny check availability
Yellow Bicycle Group check availability
Front Character Group check availability
Michaels Motorcycle check availability
Non Motorcar Spot check availability
Heavy Motorbike Co check availability
Indochina Motorcycle check availability
Made Motorbike check availability
Car Pro check availability
The Hand Car check availability
The Posterior Start check availability
The Old check availability
FastMotorcycle check availability
Motorcyclists Place check availability
The Down check availability
Tiny Truck Spot check availability
Occasional Scooter Co check availability
First Automobiles check availability
Fast Truck Spot check availability
Burt Part check availability
Fastest Motorcyclists check availability
The Imaginary Partially check availability
Motor Trading Co check availability
The Looking check availability
Principal Piece check availability
NonAuto check availability
Fast check availability
Affected check availability
ManualAuto check availability
Occasional Motorcar check availability
Made Motion check availability
Grand Automotive Pro check availability
Swart Part check availability
New check availability
BestPart check availability
Automotive Group check availability
Delightful Motorcycle check availability
The Battered check availability
The Crucial Contribution check availability
Earlier Component Collective check availability
The Significant check availability
Aperture Automatic check availability
Title Motorcycle check availability
The Electric Motorcyclists check availability
FourthPart check availability
Portion Group check availability
Piece Place check availability
Character Place check availability
ShinyMotorcycle check availability
Water Auto check availability
AffectedPart check availability
Role Place check availability
Southwestern check availability
Miniature Motorcyclists check availability
Partially Spot check availability
The Third Character check availability
Athwart Part check availability
Large Role Place check availability
CylinderMotorcycle check availability

Read our full guide on naming your motorcycle parts business ➜

How To Create A Slogan For Your Motorcycle Parts Business:

Slogans are a critical piece of your marketing and advertising strategy.

The role of your slogan is to help your customer understand the benefits of your product/service - so it's important to find a catchy and effective slogan name.

Often times, your slogan can even be more important than the name of your brand.

Here are 6 tips for creating a catchy slogan for your motorcycle parts business:

1. Keep it short, simple and avoid difficult words

A great rule of thumb is that your slogan should be under 10 words. This will make it easy for your customer to understand and remember.

2. Tell what you do and focus on what makes you different

There are a few different ways you can incorporate what makes your business special in your slogan:

Explain the target customer you are catering your services towards
What problem do you solve?
How do you make other people, clients, or your employer look good?
Do you make people more successful? How?

3. Be consistent

Chances are, if you're coming up with a slogan, you may already have your business name, logo, mission, branding etc.

It's important to create a slogan that is consistent with all of the above.

4. Ensure the longevity of your slogan

Times are changing quickly, and so are businesses.

When coming up with your slogan, you may want to consider creating something that is timeless and won't just fade with new trends.

5. Consider your audience

When finding a catchy slogan name, you'll want to make sure that this resonates across your entire audience.

It's possible that your slogan could make complete sense to your audience in Europe, but may not resonate with your US audience.

6. Get feedback!

This is one of the easiest ways to know if your slogan will be perceived well, and a step that a lot of brands drop the ball on.

Ask friends, family, strangers, and most importantly, those that are considered to be in your target market.

Here's some inspiration for coming up with a slogan for your motorcycle parts business:

Kids Will Do Anything For Auto.
From White To Reddish
Part, Couldn't Ask For More.
First Vehicle, Covered Automobiles
You Can On A Auto, Can Do!
It's A New Part Every Day.
From Lift To Get Down
From Large To Minute
From End To Beginning
And On The Eighth Day, God Created Motorcycle.
Work Hard, Automate Harder
Station Of The Start
Site Of The Section
The President Buys Part.
The Ideal Part.
From Large To Least
Cleans Your Floor Without Auto.
Part Keeps Going And Going.
Auto Will Be For You What You Want It To Be.
Start The Day With Motorcycle.
Part For A Brighter Shine.
New Bikes, First Motor
Auto The River Of Life.
You're Never Alone With A Part.
Set Off Is What We Do
Autos With Idea
Auto, Not That Other Crap.
Second And Expected
Autoist Is What We Do
Lawnmower Is What We Do
Autos With Order
Public Auts Are What We Do
Own Motorcycle, We Are Here
First Motorcycle - A New You
Australians Wouldn't Give A Auto For Anything Else.
Post Of The Bikes
Parts With Class
Addition Is What We Do
Integral Extents Are What We Do
Motorcycle... Get Your Motorcycle Here.
Come Fly The Friendly Motorcycle.
Cuts Motorcycle Time In Half.
Lipsmackin' Thirstquenchin' Acetastin' Motivatin' Goodbuzzin' Cooltalkin' Highwalkin' Fastlivin' Evergivin' Coolfizzin' Part.
Responsibility Is What We Do
Auto, One For All.
Motorcycle Makes You Sexy!
It's A New Motorcycle Every Day.
Big Motor Scooters Are What We Do
Motorcycle - Enjoy The Difference.
The Joy Of Motorcycle.
The Best Motorcycle Under One Roof.
Big Trws Are What We Do
Second And Connected
Lower And Lowered
An Army Of Auto.
They're Waffly Motorcycle.
Because Motorcycle Can't Drive.
There Is No Sore It Will Not Heal, No Auto It Will Not Subdue.
Part, Fun For The Whole Family.
A Motorcycle Is Forever.
Long Live Auto.
Schhh... You Know Auto.

The Brick & Mortar Business Model

When deciding whether or not to start a motorcycle parts business, it's important to first decide what type of business model you want (brick and mortar, eCommerce, or both)!

Here are a few things to keep in mind when considering a Brick & Mortar store:

If you do plan to open a physical store, it's important that you find a spot in a high-traffic area. This is a great way to gain exposure for your business and also get new customers.

It's also important to consider the higher costs associated with operating a physical store (ie - employees, rent, utilities, etc) and the long days/hours associated with running a store.

The main benefit, however, is that customers love being able to see products in person. It's important to recognize that although some people enjoy shopping online, there will always be the shopper persona that likes to touch, feel, and see the product they're buying.

Learn more about starting a motorcycle parts business :

Where to start?

-> How much does it cost to start a motorcycle parts business? -> Pros and cons of a motorcycle parts business

Need inspiration?

-> Other motorcycle parts business success stories -> Examples of established motorcycle parts business -> Marketing ideas for a motorcycle parts business -> Motorcycle parts business names

Other resources

-> Motorcycle parts business tips

🎬 How To Start A Motorcycle Parts Business

How Much Does It Cost To Start A Motorcycle Parts Business

If you are planning to start a motorcycle parts business, the costs are relatively low. This, of course, depends on if you decide to start the business with lean expenses or bringing in a large team and spending more money.

We’ve outlined two common scenarios for “pre-opening” costs of starting a motorcycle parts business and outline the costs you should expect for each:

The estimated minimum starting cost = $12
The estimated maximum starting cost = $37,876

Raising Money For Your Motorcycle Parts Business

Here are the most common ways to raise money for your motorcycle parts business:

Bootstrapping

You may not need funding for your motorcycle parts business.

In fact, many entrepreneurs take this approach when starting their own business, whether they have a little amount of cash or a substantial amount to get started.

So what exactly does the term "bootstrapping" mean?

This method essentially refers to self-funding your business without external help or capital and reinvesting your earnings back into the business**

Bootstrapping means building your company from the ground up with your own, or your loved ones, personal savings and reinvesting all earnings back into the business

Here are some tips to consider when bootstrapping your business :

Use your savings as your capital - one of the best ways to bootstrap your business is to collect your savings and use them as startup capital. This will also help you avoid using your personal or business credit cards when getting started.
Determine exactly how much capital you need and how much capital you have to get your business off the ground. Generally, when bootstrapping your business, you may want to consider starting a business that involves less startup capital.
Consider starting a business that will generate immediate returns so you can put money back into the business
Be as lean as possible - this refers to cutting down expenses as much as possible, such as payroll, fancy software tools, unnecessary travel, renting an office, etc
Consider outsourcing instead of hiring - in the beginning, you may not need to hire someone permanently to help run your business. It tends to be much less expensive to outsource work to a freelancer and hire someone permanently down the road!

Want to learn more about bootstrapping your business? Check out this article

VC funding is a traditional and long process, but an effective way to raise money for your business.

The term "VC funding" refers to venture capital firms investing in businesses in exchange for equity.

The VC's (venture capitalists) are an individual or small group investing in your business and typically require substantial ownership of the business, with the hope of seeing a return on their investment.

VC's are typically the best approach for businesses with high startup costs - where it would be very difficult to raise the money on your own or through a loan.

When deciding whether to take this approach, it's important that you have a few things in place first, and know what you're getting yourself into:

Determine if your business is ready

Having an idea is not enough to get VC funding.

Typically, VC's will check to make sure you have these things in place prior to closing any deal:

An MVP (Minimal Viable Product)
A founding team with all proper documents in place (articles of organization, business formation)
A validated idea with actual customers buying your product/service

Get everything in place and build a pitch deck

A VC individual or firm will be expecting a fine-tuned presentation that gives an overview of your business.

Here's what you should consider including in your pitch deck:

Management team, their previous experience + current roles in the business
Market challenge and solution
Company financials - including a P&L statement, cash flow statement, and projections
Company progress
Investment amount - how much do you need and why?

Research the right VC to fund your business

Research the types of VC investors out there and what niche they focus on.

Then, put together a list of target VC's you want to approach and your strategy around setting up meetings.

Be sure you have everything in place (as discussed above) before setting up any meeting!

Make sure the terms and expectations are right for your business

Committing to VC funding is a big deal and a decision that should not be made lightly.

Although the money and experience from VC's can help your business quickly grow, you are also giving away a stake in the company, and the money comes with strings attached.

Be sure you do your due diligence in finding the right investor - one that truly believes in the growth and success of your business.

What Skills Do I Need To Succeed In Starting A Motorcycle Parts Business?

As a motorcycle parts business, there are several essential skills and characteristics that are important to identify prior to starting your business.

Let’s look at these skills in more detail so you can identify what you need to succeed in your day-to-day business operations:

Business Savvy Skills

When starting a motorcycle parts business, there are a few fundamental business skills you will want to learn in order to be successful:

Leadership and training skills: A great team starts with YOU. Make sure you have all company policies and training procedures in place prior to hiring your team
Decisive and self-confident: Over the course of your career, you will need decisions that could impact your business significantly. It's important you are able to think clearly and rationally about these decisions.
Ability to understand the financials : You don't need to be an accountant, but it is important that you are able to clearly understand and define metrics such as expenses, revenue, profit, margins, COGS, etc.
Strategic Thinking : Setting clear goals and benchmarks, identifying opportunities, risks. Ability to effectively communicate these insights to your team.

These are a few of many business savvy skills you should have (or work on) when starting a motorcycle parts business.

For a full list, check out this article here .

Self Motivation Skills

Self motivation and discipline skills are critical in order to become successful in this field.

It's likely that you will find yourself starting and running your motorcycle parts business from home, which could mean there are more distractions for you.

Here are the basic skills needed for self motivation & discipline:

Becoming a self starter: It's important that you are capable of independently completing a task without the help or direction of anyone else
Listening and following directions : When you are given direction by others, it's critical that you are able to follow directions and ask the right questions in order to get your job done
Taking the initiative in problem solving: Instead of taking the easy route, you'll need to learn to troubleshoot issues on your own as much as possible.

Customer Service Skills

Friendly communication with customers and the ability to address service issues is a critical part of the job.

Here are some customer service skills you may want to consider prior to starting a motorcycle parts business:

Professionalism: The way you act, present yourself, and respond to situations all leave an impression on your customer. It's important to stay professional at all times when handling customer requests or issues.
Problem-solving: When issues arise, it's important that you are able to think quick on your feet and address the situation with a calm and clear solution
Friendly-manner: This is an obvious one, but customers truly appreciate someone that can respond in a quick, efficient, and friendly manner.
Proficient in writing: These skills include the ability to write well-crafted emails, service tickets, and any other programs used by the business (ie. chat functions, SMS texting)

Advice For Starting A Motorcycle Parts Business

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a motorcycle parts business:

Justin Pflanz, founder of TAB Performance ($600K/month):

Pay attention to where your marketing efforts and dollars are going and find ways to track the effectiveness.

Read the full interview ➜

It’s great to experiment and try different things, as that’s how you learn what works best, but you’re probably working with a limited budget so focus on what is giving you the best ROI, rather than worrying about trying to market everywhere.

Write a Business Plan

Writing a business plan from the start is critical for the success of your motorcycle parts business.

Because this allows you to roadmap exactly what you do, what your overall structure will look like, and where you want to be in the future.

For many entrepreneurs, writing out the business plan helps validate their idea and decide whether or not they should move forward with starting the business.

You may want to consider expanding upon these sections in your business plan:

Executive Summary : Brief outline of your product, the market, and growth opportunities
Overviews and Objectives : Overview of your business, target customers, and what you need to run your business
Products and Services : Specifics on the products and services your business will provide
Market Opportunities : Analysis of customer demographics, buyer habits and if your product is in demand
Marketing : Outline of your marketing plan and how you plan to differentiate yourself from other customers
Competitive analysis : Analysis of your competition and the strengths and weaknesses therein
Operations : Hierarchal structure of the company and what it will take to run the business on the day-to-day
Leadership Team : Detailing roles and responsibilities of each manager based on their specific skill-set
Financial Analysis Understanding of all expenses, operating budgets, and projections for the future.

Learn more about how to write a business plan here

Determine Which Business Bank Account You Need

There are hundreds of banks out there, and it can be overwhelming to find one that's right for your business.

Here are some factors you may want to consider:

Location - Is your bank close enough that you can easily make deposits or get cash?
Low Fees - Make sure to understand any and all fees associated with setting up and maintaining your bank account. Ask for a list - banks usually try to keep this hidden and in the fine print.
Online Banking Services - Make sure you can easily navigate through your online portal and you have easy access to everything you need.
Line of Credit - What do your options look like (even if you don't need this now, you may need this down the road).
Every bank has something that differentiates them from the rest, so make sure whatever that is applied to your needs and values.

Check out this list of the 13 Best Banks for Small Business in 2020 and what makes them so unique.

Setting Up Your Motorcycle Parts Business (Formation and Legal)

When it comes to setting up your business, you may find yourself in a place where you have to make some financial and legal decisions.

The first thing you'll want to decide on is whether you want to be an LLC, S-Corp, or C-Corp.

These three options are found to be the most common when starting a small business, and all serve to protect your personal assets and also provide you with certain tax benefits.

LLC : All income and expenses from the business are reported on the LLC personal income tax return.
S corp : Owners pay themselves salaries + receive dividends from profits.
C Corp : C Corps are separately taxable entities that file a corporate tax return (Form 1120). No income tax is paid at the corporate level and any tax due is paid at the owners individual expense.

Depending on where you're conducting business, you'll also want to consider securing the proper permits, licenses and liability insurance.

Learn more about securing the right permits and licenses ➜

Need to start an LLC? Create an LLC in minutes with ZenBusiness .

How Do I Pay Myself As A Small Business Owner?

Most entrepreneurs start a business to do something they love- but at the end of the day, you still have bills to pay (maybe now more than ever).

But it's important to strike the right balance - if you pay yourself too much, you could be putting your business at risk.

There are two common ways to pay yourself as a business owner:

1. Owner's Draw

Many entrepreneurs pay themselves through an owner's draw. This means that you are technically sean as "self-employed" through the eyes of the IRS and are not paid through regular wages.

At the point that you collect money from the draw, taxes typically are not taken out - so make sure you are prepared to pay these taxes once you file your individual return.

As an owner who takes a draw, you can legally take out as much as you want from your equity.

This type of compensation is suited for Sole props, LLCs, and partnerships. If you’re an S corp, you can pay yourself through both a salary and draw if you choose.

If you decide to pay yourself a salary, you will receive a set and recurring amount. This will be taxed by the federal government and the state you reside in.

The reality is that it can be really complicated to set your own salary, so we have some tips for you to consider:

Take out a reasonable amount that allows you to live comfortably but also sets your business up for success
Consider the number of hours you are working weekly + the type of duties you are performing.
Set your salary based on your industry-standard, location, and profits (or projected profits)
Look at your P&L statement : Deduct your own pay from that amount. This is important so you can first tackle important business expenses, and then pay yourself from the amount leftover.
Pick a payroll schedule (and stick to it)! In the US, it's most common to pay yourself and employees twice a month.

To learn more about how to pay yourself and what is a reasonable amount, check out this article .

How To Price Your Motorcycle Parts

One of the most challenging aspects to starting a motorcycle parts business is determining how much to charge for your motorcycle parts.

When businesses under-price their product, this can be extremely detrimental to their bottom line and reputation.

Often times, businesses under-price their products to drive demand and volume, but that last thing you want is for customers to view your product/service as "cheap." Additionally, this can have a big impact on the type of customer you attract, which can be difficult to recover from.

On the other hand, when businesses over-price , this tends to be just as damaging to the business.

When customers buy, it's likely that they will explore the internet and look at other competitors to ensure they're getting the best value + deal. This is why it's so important that you research your competition and understand where you land in the marketplace.

Here are some factors to consider when pricing your product:

Understand your customer

It's important that out of the gates, you identify the type of customer you want to attract and how much they're willing to pay for your service. One great way to do this is by surveying your customers. Here are some important items you'll want to takeaway:

Customer demographic: Age, gender, location, etc.
Buying habits of your customer: What they buy + when they buy
Level of price sensitivity with your customer

All of these segments will help you identify the type of customer you're attracting and how to price your product accordingly.

Understand your costs

When pricing your motorcycle parts, it's critical that you first identify all of your costs and consequently mark up your motorcycle parts so you can factor in a profit.

The actual cost of your motorcycle parts may include things like:

The actual cost to make the product (ie. raw materials, supplies, manufacturer).
Shipping + overhead fees
Operating costs to run your business

You may want to consider creating a spreadsheet with every single expense involved in operating/owning your business. This will give you an idea as to what you need to generate in order to at the very least, break-even and will help you price your products to factor in a profit.

Create revenue goals

When determining the price of your motorcycle parts, you'll want to create goals for revenue + how much profit you want your motorcycle parts business to make.

This process is simpler than you may think:

Think about your breakeven cost (by completing the above step).
Create a revenue goal based on your break-even cost
Evaluate the # of items you plan to sell in a given period (make sure this is a realistic number)
Divide your revenue goal by the number of items you plan to sell

This figure will help determine your estimated price per product in order to meet your revenue goals.

Evaluate your competition

The last piece in determining how to price your motorcycle parts is by simply looking at your competition.

The best way to do this is by finding like-minded businesses that offer product(s) with similar perceived value. Then, you can compare prices of the different businesses and determine where your motorcycle parts fits best in the marketplace.

All of these factors play an equal part in pricing your motorcycle parts, so it's important you evaluate each one individually to come up with an accurate price that will help optimize your business from the start.

Understanding Your Costs

Example from Ishan, founder of Ugly Duckling

First objective: profitability

Our profitability is OK at this point but definitely not where it should be yet. To this day I have not paid myself a regular salary yet...and it’s been 4 years!

The problem is not the cost of goods which are well under 20% of sales, which is good by any standard. The problem is fulfillment costs. In 2018 we transitioned from our first fulfillment company to a much bigger company. We did this because we wanted to provide faster shipment speeds and a better quality of packaging. In hindsight, we chose a company which would have been more suitable for a larger company with bigger volumes. We ended up being tied in with some pretty large minimum monthly payments. So currently fulfillment costs are currently around 45% of sales...way too high.

We are now looking to transit to another fulfillment center. Our target is to get our fulfillment costs down to around 30% of sales which I believe from what I have researched, is possible.

Just to be clear, when I say fulfillment that includes transportation costs also - FedEx, USPS, etc. Not just storage, picking, and packing. I am pretty sure that it is possible to get fulfillment costs down even lower, and I suspect that some large pro sellers on amazon.com work with around 20-25% of sales.

So our target P+L for 2020 looks something like this:

Cost of goods, including inbound freight and clearance - around 22% of sales.
Fulfillment - around 30% of sales.
Digital Advertising & Promotion - around 15% of sales.
Other marketing and office costs, including salary costs - around 10% of sales.
That would leave us around 23% of sales - enough to pay me a liveable salary and for the company to make a profit and finance future growth.

That's the first objective for 2020: to right-size the P+L so that we are profitable at our current sales level

Gross Margin Calculator: How to Calculate The Gross Margin For Your Motorcycle Parts

Our calculator is designed to be simple and easy to use.

The goal is to help you set realistic expectations and understand what is considered a healthy gross margin for your motorcycle parts business.

Calculate your gross margin and profit margin here .

What Type Of Customers Will Buy Your Motorcycle Parts

It's important to first establish who you will be selling to, whether it's to businesses or consumers.

Typically, in this industry, products are sold to B2C markets (business-to-consumer).

Let's take a look at what this means for your motorcycle parts business:

B2C (or business to consumer) is a transaction where businesses sell their products or services to the consumer directly.

In this market, consumer behavior is the primary driver for your business decisions - so it's important that you truly identify who your customer is, and what their buyer habits are when building your product/service.

The advantage

B2C is that you are able to cast a very wide net when targeting your customers. Your product may interest a large number of consumers or a specific niche.

The disadvantage

B2C is that consumers hold all the power - so if your website is not the most user friendly, or does not rank in the top search results on Google, chances are, your customer is going to shop elsewhere.

When building your motorcycle parts business, it's critical that you hone in on who your target audience is, and why they need your product over your competition.

Here are some items to consider when identifying your buyer persona:

Design A Prototype

Turning your idea into a reality can feel like a daunting task - but it's critical that you have an idea of what your product will look like (even if it's just a sketch) prior to finding a manufacturer.

Here are some common ways you can design your prototype:

Draw Your Initial Design on Paper
Form pieces of fabric together
Consider Taking A Generic Product And Putting Your Own Brand On It
Try Making the Product Yourself
Consider Building A Prototype With A 3D Printer

To learn more about how to design and prototype a product, check out our latest guide here .

Justin Pflanz, founder of TAB Performance dives deep into the process of designing and prototyping their product:

In the early days, and even largely today when we’re designing a new product one of the first challenges is to get our hands on the Original Equipment (OE) part that we’d like to replace.

This allows us to take key measurements that we need to ensure that our parts will fit properly. It also gives us a chance to see the things we like and dislike about the OE part. From there we go to work making styling and functional changes we think our customers will like best. After making some rough prototypes we have to find a bike to test the product on.

Although it would be great to just go out and buy a bike every time we were developing a new product, unfortunately that’s not very practical so often times we work with the local dealerships and riding community to try to find someone who has the type of bike we’re looking for and will allow us to use their bike for testing.

Now that we’ve grown, and people are more familiar with us it’s a lot easier, but in the early days when even people in the local community didn’t know who we were, it could be a real challenge. After we’ve finished testing the prototype, we make any last minute changes, and then get to work making all jigs, fixtures, and tooling required for production.

https://www.youtube.com/watch?v=7P1MuYICnyk

After the part is in production, our work isn’t done. The next and most important step, in our opinion, is listening to our customers and then making running changes based on their feedback. We are always looking to improve upon our products and we rely heavily on our amazing customers to help point us in the right direction.

How To Find A Supplier For Your Motorcycle Parts Business

Here are the steps to consider when finding a supplier/manufacturer:

Know your design

One very critical step to finding the right supplier is having an initial idea of what your design/product will look like.

Sketching is one of the most simple ways to get started in the design phase.

What's great about sketching is that you can practically do this anytime, anywhere - even on the back of a napkin.

To get started, all you need to do is pick up a pen and paper and start drawing - or if you are working on a virtual/software product this can be a diagram that outlines the user interface or experience.

Decide your supplier type

You'll want to identify the type of supplier you are looking for.

Here are some questions you may want to ask yourself prior to searching for a supplier

Are you looking for a manufacturer to produce your product idea ?
Do you want to find a supplier that can simply purchase existing products for you ?
Do you want a drop-shipper to supply and fulfill orders?
Do you want a domestic supplier or an overseas supplier? Read more about the pros and cons of each here

Where to start your search

Once you have an understanding of what type of manufacturer/supplier will be best to bring your idea to life, there are several areas you can start your search:

Domestic Suppliers

Overseas Suppliers

Manufacturing Your Product In House

It's also very common to manufacture your motorcycle parts on your own - either from your home or in a commercial space.

In order to get the product right, you may want to consider experimenting with different designs and recipes until you find the perfect one.

Some founders choose to manufacture their product in-house so that they can control quality, manage costs, and easily handle production/logistics.

Down the road, you can always choose to outsource your motorcycle parts.

Leslie Eisen, founder of AlmondClear discusses how to manufacture products in house

If you want to start a line of unique products, then you have two basic options: you can make them yourself, or you can find a manufacturer to work with that creates custom formulations for their clients.

I knew that I was trying to build a larger-scale business and that the home-made model wasn’t right for me, so I had to find the right manufacturing partner. It took a lot of research, phone calls, and emails before I found the laboratory that met my needs.

I wanted to create unique products (as opposed to private label), so I worked with the manufacturer’s chemist who specializes in skin care formulations. This process takes some time!

First, you have to tell the chemist what kind of product you’re looking for , the ingredients that you want to include or leave out, and what you want the final product to look like/feel like/smell like, etc.

Then, the manufacturer sends you the first sample , you try it out or give it to others to try, and then provide feedback for revisions. In my case, the first two products came together fairly easily because I only needed to make small changes to stock formulations.

There are many, many rules and regulations around cosmetics and skin care products. If you want to sell products that contain FDA regulated ingredients then you have to register and get a permit.

My products aren’t FDA regulated, so I didn’t have to go through this step, but I did have to be aware of the many guidelines and standards around labeling and safety warnings. Some people hire a lawyer to help them through this process, but my manufacturer was able to guide me through the regulatory process.

The entire process, from researching labs to work with to having the first finished products shipped out to me, took around six months.

Purchasing Inventory For Your Motorcycle Parts Business

When first starting out, it's important to start small with your overhead to get a gauge for what people want.

Just remember - if you order a line of items that don't sell, it's nearly impossible to recoup the money lost.

Buying the right inventory takes research and planning in order to get it right.

Identify your target audience : Identify the age, gender, annual income that you will be selling to. This is a defining factor in ordering the right inventory that will sell.
Research your competition : Conduct market research and identify the different types of styles, price points, and materials being used. This will help you see what's trending and ways that you can improve/stay ahead of the competition.
Create an inventory wishlist : Identify what you need for the launch of your business and create a budget that you will stay within. Remember, it's okay to start small.
Find a supplier Make sure to first compare prices and analyze different options.
Delivery timing : Schedule the inventory delivery to match with seasonality and trending buying seasons

Pro-tip: It's easy to become biased based on your own fashion preferences on what types of shoes/apparel to purchase. This is where a lot of fashion businesses go wrong. It's important to base purchase decisions on current buyer behavior, trends in the market, and specific to your niche.

Erin Hooley, founder of Bailey's Blossoms tells us how poor inventory projections led her to lose over $2M

When we first launched Peyton Bre we did so in a social or direct sales model.

Through poor inventory projections we were forced to change models but only after losing $2 million dollars.

It was a devastating time for us and one we were not sure we could survive.

I have since become very intentional about the way that we project our inventory needs and we continue to refine that quarterly and even monthly. We have created a KPI for the cost of goods sold to help us hold ourselves accountable.

Ultimately, the better we manage our inventory the less we have need to discount and the healthier our profit margin becomes.

This is, of course, a very high-level overview of the importance of inventory control.

To see the full breakdown on how to manage inventory, check out my guide over on my blog. .

🚀 How To Launch Your Motorcycle Parts Business

Build A Website

Building a website is imperative when launching your business, and with the right tools in place, this can be a simple task to check off the list (without having to hire someone).

Pick a domain name that's easy to remember and easy to type
Choose a Web Hosting Plan (ie. Shopify, Squarespace)
Make sure you choose the right theme and design
Implement the proper page structure (ie. about page, contact page, pricing etc)

To learn more about how to build a stellar website with little stress, we give you all the details on this step-by-step guide .

Once you have chosen the domain, web hosting, and platform, it's time to get started with the design phase.

Themes are a great way to produce the fundamental style and identity of your website - this includes everything from your font design to your blog post styles.

One of the best ways to get started is to simply explore the various themes (free or paid depending on what you're looking for) and test them on your site.

If web-design really isn't in the cards for you, you may want to consider outsourcing a web designer to help bring your vision and brand to life.

Launch Strategies For Your Motorcycle Parts Business

There are various different ways you can launch your motorcycle parts business successfully.

Here are a few different strategies to get customers excited about your motorcycle parts business.

Build hype with a landing page : you can effectively do this through waiting lists, discounts, countdown timer etc
Create a teaser video : even just a 30 second video is a great way to exposure for your motorcycle parts business, and possibly even go viral
Reach out to influencers : The right influencer for your product has the ability to reach your audience with just one post, and because of their loyal following, this could lead to a big return for you.
Get Press : Whether you plan a PR stunt or get exposure through a popular news outlet, this is a great way to attract initial customers
Launch on popular sites : A great way to get buzz about your motorcycle parts business is to submit your launch to popular startup sites.

Here are a few popular sites to launch on:

ProductHunt
Hacker News

Learn more about how to launch your business successfully ➜ here

Justin Pflanz, founder of TAB Performance dives deep into the process of launching the business:

We were very fortunate, in that we had a lot of knowledge and support to draw on from our parents. However, probably one of the most important and helpful things I found was going through the process of filling out a business plan.

Going through and filling out each and every aspect of a good business plan template really helped us organize and prioritize the things we needed to do to get started. The SBA has a lot of great resources to help with business plans and much more.

Funding was of course one of the biggest hurdles to overcome. For us it was important to maintain complete control and ownership of our business which meant taking out bank loans, which is not an easy task when not everything you’re looking to borrow money for is a tangible asset. This again was where a good, well researched and put together a business plan really came in handy, and ultimately helped us secure the funding needed.

Make Sure You Get The Package Design Right

The way you package your motorcycle parts business is often the first impression your customer has - so it's important to get it right.

You may want to ask yourself these questions:

If my product is on a shelf next to hundreds of other similar products:

Will my motorcycle parts business stand out?
Will the branding/packaging create a connection with my customer, and hence, lead them to buy?

There are hundreds of tools you can use to help with packaging and design:

Canva - Allows non-designers to create beautiful Instagram/Pinterest posts, flyers, business cards, etc.
Stickermule - High quality custom stickers you can include on or in your packaging.
Noissue - Custom tissue paper and compostable mailers
Rollo Label Printer - A great tool to print all shipping labels at home

Sheets & Giggles explains the motive behind their "Premium Unboxing Experience"

I had a particular vision for our packaging centered around one goal: because we were a DTC company and wouldn’t do physical retail in year 1, we needed to focus entirely on an incredible unboxing experience that made the product feel as premium as possible.

Outside: a white box, nice wax coating, logo front and center with no other copy, easy to open, nice and sturdy.

Inside: make people smile from the get-go, have a social call-to-action, include free extra surprises (a knapsack that wraps the sheets and an eye mask), put funny copy all over the place, and add a donation bag that people could use to donate their now-defunct cotton sheets (sheets & blankets are the #2-most-requested item at shelters behind socks).

Get Press Coverage For Your Motorcycle Parts Business

The more buzz around your brand - the more the phones ring, the more traffic to your website, and the more customers as a result.

Here are a few ways you can get press for your business:

Press releases:

Press releases are a great way to share big announcements or news, but in order to get any traction, you'll need to find a way to make your press release stand out amongst others.

Try to convey a story that really matters, not just to you, but to the reporter and to their audience.

Here are some things to consider when submitting a press release:

Craft a catchy subject (keep it short and sweet).
Acknowledge the journalist's past work and interests - this is key!
Include the main point of the story in the first paragraph, heck, even the first sentence. Reporters want to hear the juice first and foremost.
Focus on the facts and try to limit the amount of jargon used.
Pitch yourself! Help them put a face to the story.
Make sure your topic is newsworthy. If it's not, find a way to!
Try not to include any attachments of your release!

Email is one of the most effective and preferred way to send your press release, so as long as you keep your pitch brief, interesting and personalized (no cold emails), you should stand a chance!

Get Press Using HARO

HARO, otherwise known as "Help a Reporter Out" is an outlet for journalists to source upcoming stories and opportunities for media coverage.

The best part is, HARO is free to use! There are, of course, premium versions you can purchase, but the free version is still an accessible way to get press.

Once you set up an account, HARO essentially will email you based on stories (that are relevant to you) that need to be covered where you will then have a chance to essentially "bid on the story."

Here are some tips when crafting your pitch:

Discuss your experience and expertise in the space. Make sure it's obvious why you're relevant to this story.
Answer the question in 3-4 sentences. Try and be as direct as possible
Offer to provide the reporter with more information and make sure to give them your contact info

Plan a Publicity Stunt

Planning a publicity stunt is an effective and quick way to raise awareness for your brand and gain some traction from the press.

If you're looking to plan a stunt, the objective should be to be bold and create something memorable

However, being bold has a fine line - it's important that you consider the timing of your stunt to ensure you don't come off insensitive or unethical. For example, timing may not be in your favor if you plan something during the general election, or in most recent cases, a global pandemic.

In order to measure the success of your stunt, it's important that you first determine your end goal, for example:

Is the stunt aimed to raise money for your business or a particular organization?
Is the stunt aimed to drive more traffic to your website?
Is the stunt aimed to get more followers and engagement on Instagram?

Here are a few tips for creating a great publicity stunt:

Research to ensure that there haven't been similar stunts done in the past by other businesses - this could easily turn off journalists and your audience.
Make sure you can explain the stunt in one headline - this will help grab the media's attention. In other words, simplify!
The stunt should be related to the product you are promoting. Even if the stunt is a success in terms of viewers, but it doesn't tie back to your original goal, then it's not useful.
Keep the stunt visual with videos/images.
Leverage the internet and social media platforms for your stunt by sharing your message across a variety of audiences. This will help with word of mouth and the overall success of your event.

To learn other strategies on how to get press, check out our full guide here .

🌱 How To Grow Your Motorcycle Parts Business

Consider Selling On Amazon

In addition to selling your products directly on your site, you may want to consider selling on Amazon to reach a wider audience and attract new customers.

Here are some pros and cons of selling on amazon:

Easy and seamless process to get your product listed on Amazon
There are roughly 100 million thoroughly committed prime customers, so you're bound to tap into new business
Can help grow your business exponentially and reach new audiences
You may encounter some "copycats" and counterfeit products
Amazon owns the relationship with the customer (you lose control over product reviews + customer service)
If you already have a low-markup, amazon may not wrth your while and you could end up losing money
Commissions and listing fees are high - it's easy to lose control of your offering

Follow these instructions to get your product listed on Amazon or check out the video below on how to get started:

Cory Stout, founder of Woodies ($250K/mo) provides us with specifics on how to rank better on amazon:

Our main product is walnut wood sunglasses that I sell for $25 on Amazon and Woodies.com.

I dedicated myself to becoming an Amazon expert. I listened to all the podcasts and read all the blog posts I could find. Shoutout EcomCrew I took the basic fundamentals that are out there and I added a couple of my own twists.

Amazon brings me, 100 brand new customers, every day for very little acquisition cost. If I tried that on my own, it would take a TON of work and it wouldn’t be nearly as effective as Amazon, so I took the easy road on this one.

Here's an article I wrote on how to rank better on amazon (30+ Tips):

5/5: ESSENTIAL

Beautiful images (minimum 5 images) especially lifestyle images I use UpgradedImages.com for product photography (hey Ken!)
Keywords in your title (but it still needs to sound human)
Competitive price (contributes to high conversion rate)
NOT having 1-star reviews
DON'T STOCKOUT: it's such a killer and if you DO stockout, definitely DON'T raise your price right before you do, if anything LOWER your price for the last 10-20 units before you stockout, each ASIN has a 'memory' for when you do get back in stock so that will help you regain ranking quickly
DON'T VIOLATE AMAZON TOS: just don't
Perform QC on your stock before you send it in (I sent in a wrong box once and I had to 'remove' over 3,000 pieces so I could sift through them and remove the 150 contaminated pieces 0/7 would not recommend

4/5: Pretty Friggin Important

Minimum 10 5-star reviews (do this before you do anything below this)
Well optimized PPC campaigns (could do a whole post on this, keep ACOS under 40%) here's a screenshot of some of my campaigns I use a combination of manual campaigns with exact phrases and high bids...and auto campaigns with a broad range of products and very low bids
Turning on FeedbackGenius for auto review requests (it's not as good as it used to be, but it's still worth it)
Get a trademark and get Brand Registry, this protects you from hijackers and other unscrupulous sellers
Quick response to customer messages (under 12 hours) here are my stats my mom does all my customer service "Employee of the Year" status
Drive outside traffic (amazon loves outside traffic because they don't have to spend so much to acquire customers) Facebook, Instagram, and Google Adwords are the usual suspects
Use ocean shipping to save mucho $$$ on unit costs (use flexport)

Consider Working With Instagram Influencers

Partnering with like-minded influencers (within your industry) is one of the most effective ways to grow your social media organically.

Industry influencers already have an established and loyal following. With one post, your product immediately establishes a connection with a brand new audience. It's that powerful.

When finding influencers to promote your product, do your research and make sure that their following will actually be interested in your product.

It's easy to be blinded by any influencer with a huge following, but if those followers don't resonate with your product, there may not be any value there... so make sure you do your research!

Evan Marshall, founder of Plain Jane discusses how "micro-influencers" have impacted his business:

Influencer marketing has been huge for us. Our approach is pretty simple. We give out samples of our products and ask people to post about us on social media aka a micro-influencer strategy.

We really like this approach because we get authentic stories and content. We cannot really control the messaging so the product has to speak for itself. We don’t really take product photos at all. Our customers take the photos and we ask to reuse them.

With any influencer strategy, you have to be very sure you’re targeting the right people and engaging with them. You can make sure you’re targeting the right influencers by looking through their posts and then looking through the profiles of their engaged followers.

It takes more time per influencer but the payoff is certainly worth it. Make sure their followers look like your existing customers.

It takes a ton of time and work to grow a social media following this way but it’s worth it. Other accounts have tried to grow themselves through botting or other manipulations. As a CBD company, we didn’t want to give Instagram any reason to shutdown our account so we’ve done everything through content and real engagement. It’s not magic to make this happen. You just have to post consistently and then reply or like every single comment you get. It takes months but it works

Improve your SEO

SEO is not just about driving traffic to your site, it's about driving the RIGHT traffic to your site , and ultimately, converting leads into customers.

One of the most important aspects of SEO is understanding what your customers are searching for, otherwise known as "keyword research."

Here are some tools that can help you choose the right keywords for your motorcycle parts business.

Google Ads Keyword Planner invaluable for discovering search trends.
Google Search Console is very helpful once your website is up as it shows you what words/phrases are generating traffic.
Ahrefs and SEMRush are paid tools that allow you to look at results of your competitor's website.

Publish Great Content

Finding keywords is an important piece of the puzzle, but Google also ranks your site based on the actual content you produce, as this is what your customers are reading and engaging with.

There are various different "forms" of content that you may want to consider diversifying on your sites, such as blog posts, articles, studies, and videos.

So let's discuss what google considers "good content:"

Length - This will vary depending on the page, however, generally having a sufficient amount of content helps search engines recognize that your site is a good source for a specific topic
Engagement - The longer people stay on your website to read your content, the higher Google will rank your website. It's important to have informative and "thick" content that keeps people reading
Avoid Duplicating Content - Google will recognize this and may consider your content to have low value
Ensure pages load quickly - This will also help with engagement and time spent on your website
Shareability - Create content that people want to share, and is easy for them to share, especially to their social media accounts (ie. "click to tweet" is a great example of this).

Another element of creating good content is creating consistent content.

If (and hopefully you are) publishing content frequently, it's important to stick to a schedule - this helps build brand trust and easy user experience with your customers.

Planning out your content with a content calendar is key to staying consistent.

Here are a few great content calendar tools that can help you:

If you prefer to keep it simple, your average spreadsheet is just as useful!

Backlinks are an important piece to SEO, as they allow for other websites to link to your content.

Search engines recognize that other sites are essentially "verifying" your content and essentially rank you higher because of this.

Of course, some links are more valuable than others and can affect your site in different ways.

For example, if a highly valuable and credible site like the New York Times links to a page on your website, this could be remarkable from an SEO perspective.

Aside from organically getting mentioned from other sites, there are other ways that you can increase and earn backlinks:

Create infographics with relevant data that people want to share
Promote your content on different sites/look into "guest blogging"
Contact influencers/journalists/bloggers and ask them to mention you!
Write testimonials for other sites in exchange for a backlink
Leverage existing business relationships

Learn more about the fundamentals of SEO ➜ here and check out Neil Patel's 3 Powerful SEO Tips below

Build A Blog

One of the most effective ways to build brand awareness and grow your business is through consistently blogging.

We've outlined some useful tips for you to consider when creating content:

Consistency and Quantity

Quality is important, but it should be the standard for any content you publish.

What’s more important is consistency and quantity.

Consistency is as simple as committing to publishing and sharing a certain number of posts per week. For me, that’s three per week right now.

This kind of commitment is key, because one day, a random post will blow up, and you will have never expected it.

Oversaturation

The easiest mind trap is to think "I’m posting too much", and “I need to give my readers/audience/this platform a break”.

This is nonsense.

There is no such thing as oversaturation. Well, there is, but it is just someone else’s opinion.

For every person that tells you you are posting too much, there is another person that wants even more of your content.

You should ignore people’s opinions on how much you post.

Patience & Persistence

Keep posting, keep trying, and keep putting out good content on the regular. Your time will come, and when it does, it will change everything.

The only thing you have control over is your content.

You can’t control how people will react to it. You can’t control pageviews, likes, or shares.

So the only metric you should focus on is how much content you can put out in a week, month, etc.

Where to share your blog content

Mailing List

I know it sounds obvious, but the best places to share your content is on your mailing list. It is guaranteed traffic and it is a great way to get rapid feedback from your most loyal readers.

Send newsletters often. I have done once a week since starting, and I’m moving to twice a week soon.

Work on increasing your mailing list as well. Look into ways to increase your conversion rate to your mailing list. I added a flyout popup thing to my site and now I’m collecting ~30 emails per day.

An email newsletter is one of the most powerful assets you can have and it is worth its weight in gold.

Reddit is one of my favorite places to promote content.

It is a very scary place because you will often get banned or heckled, but it can really pay off.

Create social media accounts for your blog, the main ones I use:

Twitter Facebook Instagram LinkedIn

Set up Buffer and share all of your blog posts to all of your accounts. All of these little shares really do add up.

Automate this as much as possible. I automated all of my social media for Starter Story.

Facebook Groups

When I started out, I put together a spreadsheet of relevant Facebook groups for my niche, and I would post to these groups whenever I had a big story I wanted to share.

Grow Your Email List

The more engaged list of emails, the more engaged customers, which ultimately leads to more sales.

One of the best ways to start growing your list is by providing your customer with something free (or discounted) in return.

This could also be anything from:

Fascinating case study
Video series
Free week of the product
Discount on the product

Learn more about how to grow your email list and improve email marketing ➜ here .

Dylan Jacob, founder of Brumate states their email collection tactic that is proven to work:

We use Spin-a-Sale for this (you spin a wheel for a discount code in exchange for subscribing to our email list). This has been the best email-collecting tool we have found because the customer truly feels like they won a prize rather than just a coupon code.

Even if a customer doesn’t convert right away, if we have their email we have a 19% chance of converting them into a future customer whether that is through future promotions, new releases, or simply just sending an email at the right time for a purchase to finally make sense for them.

We also have a return customer rate of over 14%, so one out of every 6 people we convert will end up buying from us again with an average order value of over $60.00.

Add an exit-intent popup to your online store

A great way to double, or even triple, your email opt-in rate and to grow your list is to add an exit-intent popup to your site, and offering a discount or content upgrade for subscribers.

Here's an example of what that might look like:

One thing that I spent years NOT doing, that I now kick myself about, is adding an "exit intent pop-up" to our site, which lets people enter a sweepstakes to win a Xero Shoes gift certificate.

That one idea has added over 100,000 subscribers to our email list, which is one of our most effective marketing channels.

Improve Your Email Marketing

Different types of emails

Here are the most common types of email campaigns you can send to your customers and their benefits:

Welcome emails - the perfect way to provide information from the start with a clear CTA. Make sure to tell your customer everything they need to know about your product or service.
Newsletters - a great way to give customers updates or send out your latest content
Product launch emails - the quickest (and easiest) way to increase sales is by selling to current customers. Make sure they're the first on the list to know about your new product
Promotional emails - promote discounts, deals coupons etc. Try and make this feel exclusive and for a limited time only
Abandoned cart emails - give your customers a reason to complete their purchase!

Here's a great resource for finding curated email designs, for all types of email campaigns!

Abandonded Cart Flow

The abandoned cart workflow is one of the most effective strategies for turning your lead into a customer, and a powerful tool to have if you're an e-commerce business.

Think about all the times that you went on a shopping frenzy only to add items to your cart and then either forget or realize nows not the right time to pull the trigger.

Then, minutes later you receive an email saying "Hurry up! Your cart is waiting - and we want to provide you with 20% off your order."

Maybe that's the special touch (and discount) you needed to pull that trigger.

Implementing this workflow can automatically trigger this for your business every time a customer abandons their cart.

Here's a great example of an abandoned cart email from Brooklinen :

Things they do well:

Showcase 5-star reviews from other customers
Offer a small discount + free shipping
Great design + clear call to actions!

Experiment With Pay Per Click Ads (PPC)

Pay-per-click (PPC) is a performance-based marketing method that allows you to show specific ads for services or products oriented to a very defined target, with the goal that the user visits your website or landing page.

Here are some tips to consider:

Consider connecting the ad to your corresponding landing page so that the audience receives the necessary information after clicking on the ad.
Conversion Tracking: When running PPC campaigns, be sure to run the ads with conversion tracking.
Focus on quality keywords, even if there are few as this will save you time and money. When assessing the performance of a keyword, it's important to track the expense, conversion, and cost per conversion, as well as the ROI.

PPC advertising can be a very important lead generator as long as it's done properly. Your PPC campaign is intended to drive traffic to your website and help the business scale.

Additionally, if the campaign is not having the desired results, you can make the necessary changes immediately to improve them.

Ryan Schortmann, founder of Display Pros talks about their investment in PPC Ads:

My name is Ryan Schortmann and I’m the founder of Display Pros. We are a custom trade show display booth company offering easy to use portable display “kits” for small and medium businesses wanting to get into the trade show game.

It did not take long to come to the realization that to compete at any reasonable level, we were going to need to take the plunge and invest in Pay Per Click ads and display.

From experience, I know that it is important to give Google’s hivemind some time to settle in before each campaign starts seeing consistent results (this is largely dependent on budget).

A certain amount of PPC budget must be viewed as a “marketing research” expense and then you can look at the analytics data and make informed decisions on where to refine, tweak or plain scrap an idea.

Google Shopping was an entirely new concept for me. You can’t assign keywords to products so at first, I was asking myself “How the hell do you refine these?”. Then I found some good reading material and courses and learned of some advanced methods that the pros are using. It turns out you can utilize negative keyword lists combined with the priority setting on each shopping campaign to “shape” the keywords that are coming in and how much you are spending on them.

To learn more about PPC Ads and Google Shopping, check out this video to learn everything you need to know!

Social Media Advertising

Social Media Advertising is one of the leading ways to get the word out when it comes to motorcycle parts business.

There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

Let's talk about a few of the main platforms and what makes them unique:

Facebook Advertising - more than 2 billion monthly users. Facebook is the best for lead generation + capturing email addresses for e-commerce businesses.
Instagram Advertising - approximately 500 million monthly users and has a higher audience engagement rate than any other platform. Instagram ads are best for linking to a product page or landing page and reaches the 18-29 age group most effectively.
Twitter Advertising - Small businesses typically use twitter ads to drive brand awareness, but the platform is meant more for organic engagement (and is not as heavily used for paid advertising)
Pinterest Advertising - 175 million monthly users and most effectively reaches the female audience. Pinterest is great for promoting products without "promoted". The promoted pins have a way of blending right in.
LinkedIn Advertising - 227 million monthly users and is geared towards the B2B market and generates the highest quality leads. Great platform for recruiters, high-end products and services that will help businesses

It's important to first define your goal/objective so that you don't waste time and money into the wrong platform:

Here are some different questions to ask yourself as it relates to your goals:

Do I want to simply drive brand awareness?
Do I want to drive users to my website to gather information?
Do I want to increase sales and get my customer to take action?

From there, choose the platform that targets your audience best and start experimenting!

Learn more about social media advertising ➜ here .

Founder Andy Hayes talks about mastering FB ads and the pixel:

The biggest bang for your buck will likely be mastering Facebook and it’s platform - which we all know is pay for play, so you’ll have to come up with a small amount of budget to start for marketing.

We’ve spent countless hours (and paid numerous coaches) before we cracked the code that works for us on Facebook, but it is working really well for us now.

Some of the most important things to know when it comes to FB Ads:

Start with retargeting (that’s showing ads to people who already know you but did not purchase). Master this - and start building information on your Facebook Pixel - before you do anything else
Once you have that down, try working with the 1% “Lookalike” audience to prospect for new customers. This may take awhile because your pixel audience is small, so try layering on interests - 1% Lookalike and your largest competitor, for example. Don’t use interest-only targeting until you master this.
Great photography and videography is key, as is smart copy. Research what’s out there in your industry and constantly test - what works for one company may not work for other people.
Make sure you have good offers. For example, we have a $5 trial for our subscription, which converts affordably - if we promoted our subscription with the standard $30 front charge, it wouldn’t be as cost-effective.

🏃🏼‍♀️ How To Run Your Motorcycle Parts Business

How To Retain Customers For Your Motorcycle Parts Business

Retaining customers is one of the most effective ways to grow your motorcycle parts business.

Oftentimes, it's easy to find yourself focusing on generating new customers, vs retaining your current ones.

Look at it this way - you are 60-70% more likely to sell a new product to an existing customer than you are a new customer.

That's not to say that finding new customers and revenue streams is not important, however, the easiest (and most inexpensive) source of new revenue is right there in front of you.

Here are some ways you can retain customers for your motorcycle parts business:

Responding to comments on social media
Send discounts (or freebies) to loyal customers
Provide valuable content, for free
Write a hand written thank you note
Provide awesome customer service and build relationships with customers

To find out more tips and tricks on retaining customers, check out this article ➜ here

Justin Pflanz, founder of TAB Performance dives deep into the process of attracting and retaining customers:

We’ve tried a LOT of different marketing channels since we’ve launched. The big things we’ve learned boil down to the following points.

Try to really know and understand everything you can about your customer. The more you know about your customer, the easier it will be to effectively market towards them.
Find what marketing channel works best for you and your product. What works best for one product may not be good for another. For example we’ve found our best marketing channel to be YouTube videos because our customers want to be able to both hear and see the exhaust before purchasing.
Make sure you have a way of tracking, or assigning some sort of metrics to your marketing efforts. It tends to be easier to do this with digital marketing, but there are ways to accomplish the same thing with more traditional marketing methods such as print. Google Analytics, and similar systems are very powerful tools and can really help you out with this regardless of your type of business.
Digital marketing platforms can be extremely powerful, if you understand how to use them. Learn everything you can about the marketing platforms you plan to use, so that you make sure you’re taking full advantage of all their features.

Digital marketing may not be right for your business or product, but in our experience it’s pretty hard to beat. Especially with marketing platforms like Google and Facebook, where you can target geo specific locations, demographics and interests. The goal of marketing is to get your product in front of people that potentially want to buy your product. So for example, we may want to target our marketing efforts towards people who own motorcycles, which is very easy to do with today’s digital marketing platforms.

Many of the marketing points I mentioned above apply to sales channels as well.

For example we currently sell through the following channels:

Directly through our website
Directly over the phone
Directly at Motorcycle Shows and Rallies
Indirectly through our dealer and distributor network

These are the ones that we’ve found work best for our business and products, but there are many, many more out there. Even within the sales channels we use, not all of our products are listed on every channel.

For example, we’ve found Amazon to be a poor channel for a lot of our products. We found that some of Amazon’s rigid restrictions and rules meant to keep things consistent for their customers was actually confusing many of ours and was leading to poor customer satisfaction compared to the rest of our sales channels so we pulled a lot of our products.

However, we have other products that Amazon works great for, so you really want to make sure you’re looking at things on a case-by-case basis.

Diversify Your Product Line

Adding new products to your business is a great way to expand into new markets and grow your business.

It's important to note that adding new products and diversifying may not be in the cards for you right this moment, and that's okay. You can always consider it down the road.

Here are some reasons you may want to considering adding/diversifying your product

Meeting the needs of your customers
Establish yourself as a top provider in your industry and stay ahead of the game with competition
Resistance to downturns/trends fading
Create new revenue streams

Provide Great Customer Service

Providing exceptional care and creating relationships with clients is a great way to build your reputation and retain customers.

Whether you are an online business or a physical business, it's highly important to communicate with customers and make them feel like they are the priority.

Just remember: customer service represents your brand, values, vision and YOU as a person.

Authenticity

As a brand, you want to deliver an experience that authentic, honest and transparent.

Don't make the mistake of giving your audience less credit than they deserve.

Be Authentic

If you go around chasing every trend and only focused on yourself and money, you’re going to lose very quickly.

There have been many times where we have been tempted to do this but stayed true.

Sure we sacrificed sales, but we kept our integrity, played the long game and people saw and appreciated that, and really began emotionally investing in the brand.

Build a Referral Program

Word of mouth is one of the best ways to get the word out about your business and acquire new customers. Especially when you are starting out, it’s important to build a solid referral program to encourage existing customers to help you find new ones.

A great way to do that is by offering a reward (ie. credit on your service or cash) to customers that refer you to their friends and family.

A fantastic referral program will help with clout, credibility, and establishing yourself in the space.

Word of Mouth

The most tried and true way to grow a motorcycle parts business is through word of mouth - some entrepreneurs would say it's more important than all social media.

Why you should focus on word of mouth:

Consumers trust word of mouth above all other forms of marketing
92% of consumers believe recommendations from friends and family over all forms of advertising
64% of marketing executives indicated that they believe it is the most effective form of marketing

Learn more about word of mouth in our guide: 30 Ways Founders Grow Their Business ➜

How To Crush The Sales Process For Your Motorcycle Parts Business

You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.

Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

Mike Korba, co-founder of User.Com walks us through the entire sales process and which teams are responsible for what:

User.com Sales Process

Each user and account is qualified with a specialist. For business leads, they are handled by the sales team, and if they are qualified we give them a demo, more than often at the end of their fourteen-day trial. If they’re happy they’ll add a payment, and get an account manager, so a customer support and success team who will help implement the solution and to use the technology.

Sometimes, users will convert naturally on their own, after using the freemium product and finding it to be something that they will find beneficial.

After they convert, we help with onboarding , give them some personalized tips for their specific business or industry to grow plus all kinds of support, for whatever they need - something we take huge pride in.

The team is right now more than 30 people, with more than half working on the IT and product side, and the rest are in three teams: Support, Marketing, and Sales who all work together very closely.

We put together the best resources on the internet to help you start your motorcycle parts business.

Platform tools such as Amazon , eBay or Google Shopping
Email tools such as MailChimp
Social media tools such as Facebook , Instagram , Twitter , YouTube , Pinterest or LinkedIn
Advertising tools such as Facebook Ads , Instagram Ads , Google Adwords or Google AdSense
Shipping tools such as ShipStation or Stamps.com
Analytics tools such as Google Analytics or Google Tag Manager
Productivity tools such as Dropbox , Microsoft Office 365 , Trello or LibreOffice
Payments tools such as Paypal or Amazon Payments
Accounting tools such as Quickbooks
Design tools such as Gimp
Stock images tools such as Shutterstock
Reviews tools such as Google My Business
Manual of Repairing & Reconditioning Starter Motors and Alternators: Clinton James
How To Custom Paint Your Motorcycle

Web Resources

Motorcycle Parts And Accessories Business Start Up
Negosyotips. Puhuna Ng Motorparts / How To Start Motorparts Business / Tips In Motorparts Business
How To Start Motor Parts Business With Small Capital? (Philippines)

Case Studies

How Two Brothers Started A $4.8M/Year Motorcycle Parts Manufacturer
24 Pros & Cons Of Starting A Motorcycle Parts Business (2024) 1 of 7
1,000+ Catchy Motorcycle Parts Business Names 2 of 7
42 Trending Motorcycle Parts Businesses [2024] 3 of 7
7 Motorcycle Parts Business Success Stories [2024] 4 of 7
How Much Does It Cost To Start A Motorcycle Parts Business? (In 2024) 5 of 7
58 Marketing Ideas For A Motorcycle Parts Business (2024) 6 of 7
3 Tips For Starting A Successful Motorcycle Parts Business (2024) 7 of 7

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Business Plan: Motorcycle Maintenance Shop

Thread starter robot.sonic
Start date Sep 22, 2013

robot.sonic

Sep 22, 2013

Active Member

saan place mo sir? meron ako mga products baka pwede mo din ibenta dyan... kaso kakaunti lang at kakaibang products sa motorbike, PM me if ok sayo...

Pm ko sayo sir. Hehe.

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How to Start a Motorcycle Shop

Hitting the open road, with nothing but a motorcycle and a few essentials, has long been a favored American pastime. Those active within the motorcycling community regularly require maintenance and repair on their motorcycles and enjoy spending their hard-earned money on accessories that enhance their riding experience. From selling new and used parts, to bike repair and rebuilds, motorcycle shops offer a variety of goods and services that fit the immediate and long-term needs of bike enthusiasts.

Learn how to start your own Motorcycle Shop and whether it is the right fit for you.

Ready to form your LLC? Check out the Top LLC Formation Services .

Start a motorcycle shop by following these 10 steps:

Plan your Motorcycle Shop
Form your Motorcycle Shop into a Legal Entity
Register your Motorcycle Shop for Taxes
Open a Business Bank Account & Credit Card
Set up Accounting for your Motorcycle Shop
Get the Necessary Permits & Licenses for your Motorcycle Shop
Get Motorcycle Shop Insurance
Define your Motorcycle Shop Brand
Create your Motorcycle Shop Website
Set up your Business Phone System

We have put together this simple guide to starting your motorcycle shop. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out other small business ideas .

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

What will you name your business?

What are the startup and ongoing costs?
Who is your target market?

How much can you charge customers?

Luckily we have done a lot of this research for you.

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Motorcycle Shop Name Generator

If you operate a sole proprietorship , you might want to operate under a business name other than your own name. Visit our DBA guide to learn more.

When registering a business name , we recommend researching your business name by checking:

Your state's business records
Federal and state trademark records
Social media platforms
Web domain availability .

It's very important to secure your domain name before someone else does.

Want some help naming your motorcycle shop?

Business name generator, what are the costs involved in opening a motorcycle shop.

Veteran motorcycle shop owners recommend a budget of approximately $55,000. This number could vary significantly, depending upon the inventory you choose to carry and services you intend to offer.

Initial investments should include:

Shop location - first and last month’s rent is typically required
Inventory - engine and electrical parts, accessories, parts for repair services, and motorcycles
Display equipment
Marketing supplies and a website

If your intention is to manage a larger dealership, your start-up budget should be significantly higher. Prior to writing your business plan, focus on building relationships with wholesale retailers. They set the prices and can offer valuable insight into what your initial and ongoing investment should be.

What are the ongoing expenses for a motorcycle shop?

As a repair and retail establishment, you will be facing a number of ongoing expenses. In addition to the standard rent, utilities, phone, and Internet, you will need to budget for the following:

Established shop owners indicate a break even budget of $16,000 per month.

Who is the target market?

Men falling in the 18 - 25 and 40 - 65 age brackets represent more than 80% of motorcycle sales. While your shop will generate revenue from novice bikers, the bulk of your marketing campaign should be geared towards experienced bikers.

How does a motorcycle shop make money?

Your shop will generate income based on the goods and services offered. Some businesses operate on a local level only, while others sell goods online, expanding their reach to a much broader audience.

Fees for maintenance, repair, and bike customization are based on labor and parts. Parts and accessory price are generally marked up 100%.

How much profit can a motorcycle shop make?

Unlike many businesses, motorcycle shops often see a profit in the first year. While the first three years may generate a profit of $13,000 to $17,000, this is a positive sign and sets the business up for long-term growth and success. Total annual profits vary, depending upon the specifics of what services you offer, what parts and accessories you sell, and how you plan to sell them. Annual profits can range between $35,000 to $64,000 or more.

How can you make your business more profitable?

Many motorcycle shop owners report having significant success operating an online motorcycle parts business. Since bike shops are often a place to congregate, offering food and drinks, along with a comfortable seating area, will ensure your customers are comfortable and happy. This is an effective way to increase your profits without a large increase in overhead costs. Shop owners have also realized success by offering airbrushing services, selling second-hand bikes, and offering motorcycle tutorials to educate those interested in learning more about their hobby.

Want a more guided approach? Access TRUiC's free Small Business Startup Guide - a step-by-step course for turning your business idea into reality. Get started today!

STEP 2: Form a legal entity

The most common business structure types are the sole proprietorship , partnership , limited liability company (LLC) , and corporation .

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your motorcycle shop is sued.

Form Your LLC

Read our Guide to Form Your Own LLC

Have a Professional Service Form your LLC for You

Two such reliable services:

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services . You can choose to hire a registered agent or act as your own.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

You can acquire your EIN through the IRS website . If you would like to learn more about EINs, read our article, What is an EIN?

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil .

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

Separates your personal assets from your company's assets, which is necessary for personal asset protection.
Makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.

Get a business credit card

Getting a business credit card helps you:

Separate personal and business expenses by putting your business' expenses all in one place.
Build your company's credit history , which can be useful to raise money later on.

Recommended: Apply for an easy approval business credit card from BILL and build your business credit quickly.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate a motorcycle shop business. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits .

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses .

Certificate of Occupancy

A motorcycle shop business is generally run out of a standalone building. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO). A CO confirms that all building codes, zoning laws and government regulations have been met.

If you plan to lease a location :
It is generally the landlord’s responsibility to obtain a CO.
Before leasing, confirm that your landlord has or can obtain a valid CO that is applicable to a motorcycle shop business.
After a major renovation, a new CO often needs to be issued. If your place of business will be renovated before opening, it is recommended to include language in your lease agreement stating that lease payments will not commence until a valid CO is issued.
If you plan to purchase or build a location :
You will be responsible for obtaining a valid CO from a local government authority.
Review all building codes and zoning requirements for your business’ location to ensure your motorcycle shop business will be in compliance and able to obtain a CO.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance . This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

FInd out what types of insurance your Motorcycle Shop needs and how much it will cost you by reading our guide Business Insurance for Motorcycle Shop.

STEP 8: Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners , we'll give you helpful tips and advice for creating the best unique logo for your business.

Recommended : Get a logo using Truic's free logo Generator no email or sign up required, or use a Premium Logo Maker .

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator . Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

How to promote & market a motorcycle shop

Bike shop owners who generate the most sales have an established and respected reputation within the community. They are active in local motorcycle organizations and are known for their skills in repairing and/or customizing bikes and for their extensive knowledge on the culture and history. Because this is such a tightly knit community, much of your marketing will be through word of mouth and staying active. An involved and informative social media presence will be critical in reaching potential customers that might otherwise be unaware of your sound reputation. Online registries and ads in motorcycle magazines will also assist you in reaching a broader audience.

How to keep customers coming back

Motorcycle shops often morph into much more than just a place of business. They become social hubs, attracting regular business and, ultimately, like a family. While this is a retail and repair shop, it would prove beneficial to create a space that is comfortable for those who wish to socialize during shop hours. Offering a discount to local motorcycle organizations will also help ensure repeat customers.

STEP 9: Create your business website

After defining your brand and creating your logo the next step is to create a website for your business .

While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.

Here are the main reasons why you shouldn’t delay building your website:

All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.

Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders .

Other popular website builders are: WordPress , WIX , Weebly , Squarespace , and Shopify .

STEP 10: Set up your business phone system

Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.

There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2023 to find the best phone service for your small business.

Recommended Business Phone Service: Phone.com

Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.

Is this Business Right For You?

If motorcycles and their subculture are your passion and you possess both the knowledge and drive to manage your own business, opening a motorcycle shop may be the perfect fit for you. The motorcycle community is a tightly-knit group of people; so entrepreneurs who are well-known and respected within this circle are set up to realize the most significant long-term success.

Want to know if you are cut out to be an entrepreneur?

Take our Entrepreneurship Quiz to find out!

Entrepreneurship Quiz

What happens during a typical day at a motorcycle shop?

You and your team’s daily activities will be defined by the services you offer and how you structure your business. In addition to administrative duties, such as paying bills and answering customer questions, the shop must be properly managed and client’s needs should be attended to. Once implemented, marketing strategies will need to be tweaked regularly, to ensure your target audience is reached. Much of your shop’s marketing will require taking advantage of networking opportunities, such as community rides, fundraisers, and meetings.

What are some skills and experiences that will help you build a successful motorcycle shop?

Those considering embarking on this new business path must possess significant knowledge of motorcycles. You should be educated on parts, repair, various models, and safety, as well as the community and its history. Most motorcycle shop owners have been fully immersed in the culture for many years, having built a positive reputation in the process. Previous experience in repair and sales shops will provide you with the knowledge and experience to care for your customers and maneuver through the obstacles that come with running your own business.

What is the growth potential for a motorcycle shop?

The biking industry has expanded significantly over the last decade, reaching a previously untapped customer base. As the number of motorcyclists increases, so does their need for bikes, both new and used, as well as parts and accessories. Entrepreneurs with strong business acumen should utilize this unique opportunity, expanding their businesses on both a local and national level.

TRUiC's YouTube Channel

For fun informative videos about starting a business visit the TRUiC YouTube Channel or subscribe to view later.

Take the Next Step

Find a business mentor.

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.

Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Learn from other business owners

Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.

Resources to Help Women in Business

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.

What are some insider tips for jump starting a motorcycle shop?

Veteran motorcycle shop owners offer some valuable advice:

While it can prove beneficial to keep some of your inventory on display outside of the shop, consider the elements before doing so. Keep motorcycles outside for short periods of time to avoid a loss in value.
Prior to opening your own shop, work with someone else in the community. Learn as much as you can about every aspect of the business. Even if you are required to work for free, this will prove to be a worthy investment.
Building a successful shop requires stellar service and fair prices. Find out what others in the community are charging and charge 20-30% less.
The retail and service industry requires a really thick skin; particularly in the motorcycle community.
Require all repair jobs to be paid in full before the customer leaves the shop.

How and when to build a team

Given the family like atmosphere of these establishments, your team will likely build itself organically. As you get to know the skills and knowledge of those within the community, you will be able to assemble a crew that helps solidify your business’ reputation in the industry.

Have a Question? Leave a Comment!

Motorcycle Store Business Plan

Written by Elma Steven | Updated on April, 2024

In order to write a Motorcycle Store Business Plan you need to start with executive summary. In order to write an executive summary for a Business Plan you need to mention- what your business is about and what you’ll sell. Explain how you’ll get people to buy it. The executive summary should be written at the end. Then you should write a Business Description mentioning goals, objectives, mission and vision. Some of the major sections or components of a Plan involves Fund Usage Plan, Marketing Plan, Industry Analysis, Organizational Overview, Operational Overview and Financials.

This article will provide you a step by step process to write your Business Plan. Get a free Business Plan at the end!

You can spend 3 to 4 weeks trying to write your own Business Plan by browsing through free online resources or hire a professional writer for $2,000. There is a better way to do this- Download our Motorcycle Store Business Plan to write a plan in just 2 days .

This depends on various factors including your location, cost of capital, previous experiences and other factors. We have a financial model to input numbers and get a projection of your future revenue and profit.

Executive summary.

Overview: Path Riders will cater to a rising market of motorcycle enthusiasts by providing high-quality used motorcycles and motorcycle parts. Recycled Riding Dreams offers good value in a first bike that will not break the customer’s budget for the beginner. Quality second-hand components will save the skilled biker 50 percent to 75 percent on repairs and upgrades.

Bike riding has gained a completely new consumer base among baby boomer men aged 40 to 65 in the last ten years. Motorcycle sales for this age group were twice as high as for young males aged 18 to 25 last year. Motorcycle sales in Montclair surpassed $6 million in 2000, and sales are expected to increase by 15% this year.

Montclair has a population of 650,000 people with a median household income of $28,000. The city is home to seven motorcycle clubs and hosts an annual cycling event as part of its spring festival.

• Used Motorcycles: These motorcycles have been inspected and, in some cases, refurbished to provide the best value to the consumer.

• Used Parts: Engine parts, bodywork, gas tanks, electrical parts, frame, and chassis wheels and brakes are among the high-quality parts available.

Mission : Recycled Riding Dreams’ mission is to become Montclair’s principal source for used motorcycle parts.

Vision : We want to be so effective that we can help others.

Industry Overview: Over the last decade, motorbikes have become increasingly popular as a cost-effective mode of individual transportation. Through 2021-2031, the motorcycle industry is expected to develop at a steady 3.5 percent CAGR. While technological developments in the automotive industry have boosted sales significantly, macroeconomic factors such as increased disposable income and urbanization are also driving motorcycle sales across regions. Fact.MR has released a new analysis that examines the global motorcycle market in terms of new trends, growth drivers, restraining factors, and demand-supply dynamics, with an emphasis on lucrative regions like Asia Pacific, Europe, and North America.

Check out this guide on how to write an executive summary? If you don’t have the time to write on then you can use this custom Executive Summary Writer to save Hrs. of your precious time.

Financial Overview

Financial Highlights

Use of funds.

Business Model Canvas

Tips on business model canvasthe business model canvas is a high-level overview of the business model. it can also be considered as the business model map in the overall plan. the important partners, key activities, value proposition and cost & revenue sections are only some of the nine vital components. a company idea’s complexities may be mapped out, analyzed and communicated with the use of the canvas. it shows the whole picture of a company’s value creation, delivery and capture processes. it helps new business owners hone their ideas, encourage creative thinking and make sound strategic decisions. it’s a helpful resource for coming up with ideas, organizing plans and presenting business models to key players. check out the 100 samples of business model canvas..

Tips on SWOT AnalysisIt offers a clear lens into a company’s strengths, weaknesses, opportunities and threats. This self-awareness enables effective resource allocation and strategic positioning against competitors. Businesses can mitigate risks, make informed decisions and set realistic goals. In addition, presenting a SWOT analysis in a business plan communicates to stakeholders that the company possesses a deep understanding of its market environment. In essence, SWOT ensures a business’s strategy is grounded in reality enhancing its chances of success. Check out the 100 SWOT Samples

Industry Analysis

The market for motorcycles in the United States was valued at USD 7.85 billion in 2016 and is expected to increase at a CAGR of 3.7 percent over the next five years. Over the projected period, high disposable income is expected to boost demand for motorbikes in this region.

Source: S tatista

According to the Motorcycle Industry Council, 8.4 million motorcycles were registered in the United States in 2014. New and various types of vehicles, such as scooters and motorcycles, are being developed by market players. They also offer personalized designs that are tailored to the needs of the rider in order to attract more clients and hence increase market demand. Furthermore, the motorbike is a popular product due to its higher fuel efficiency supplied by improved engines in compared to autos, low cost, and ease of operation in congested places. According to the Motorcycle Industry Council, overall motorcycle sales in the United States hit 413,128 units in the first nine months of 2015, a rise of 4.7 percent. Market growth can be ascribed to a surge in demand for a better and more efficient means of transportation. Bikes are also more appealing to the younger generation. Female motorcycle ownership grew to 14% in 2014, according to the Motorcycle Industry Council. This sector has an entirely new consumer base in the form of women. As a result, manufacturers are concentrating on designing smaller, lighter bikes. All these factors are boosting the growth of the industry.

Source: USITC

Marketing Plan

A key part of the marketing plan in a Motorcycle Store business plan is the marketing budget. The growth in the number of customers is proportional to the budget and dependent on the CAC .

The motorbike industry is rapidly evolving. Today’s biker is 47 years old, up from 40 in 2009 and 32 in 1990. It’s undeniable that riders are becoming older and purchasing fewer bicycles. As a result, the motorcycle sector, which is still hurting from the recession, is turning to the future.

Manufacturers of motorcycles are betting on the Millennial generation. However, this generation, the largest since the Baby Boomers, isn’t as enthusiastic about bikes as their forefathers. Because of the shifting tide, manufacturers and dealers must learn about their new audience and how to interact with them.

More motorcycle manufacturers are beginning to design bikes that appeal to a younger market in order to achieve this goal. What about motorcycle dealers, though?

Dealers must understand their audience—and how to sell to this new generation—in an e-commerce environment where Millennials prefer digital buying. Only approximately a quarter of the motorbike market was made up of those aged 50 and older in 2003. That number has virtually doubled in the last few years. Because older riders are starting to put down their helmets, obtaining them does not generate a high lifetime return. As a result, motorcycle manufacturers are producing new, simplified (and affordable) models to appeal to younger riders who will be buying motorcycles for the rest of their lives.

Smaller, more cost-effective bikes that are more entry-level friendly are preferred by these younger audiences over the daunting 1000cc displacement bikes. The race for horsepower is gone, and the era of 300cc and 500cc bikes has arrived.

Organizational Plan

Motorcycle Store business plan organogram

Financial Plan

Income Statement:

Cash Flow Statement:

Balance Sheet:

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Ask the analyst for, philippines motorcycle market (2024-2030) | growth, industry, companies, forecast, trends, share, analysis, revenue, value, size & outlook.

Market Forecast By Type (Adventure, Cruiser, Mopeds, Sports, Standard, Touring), By Engine Capacity (151-300 CC, 301-500 CC, 501-800 CC, 801-1000 CC, 1001-1600 CC, Above 1600 CC) And Competitive Landscape

Report Description
Table of Content
Related Topics

Philippines Motorcycle Market Competition 2023

Philippines export potential assessment for motorcycle market (values in thousand), topics covered in the philippines motorcycle market.

Philippines Motorcycle Market report thoroughly covers the market Type and Engine Capacity. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Motorcycle Market Synopsis

Philippines Motorcycle Market is likely to grow in the forecast period as the Philippines has been seeing a rise in the demand for motorcycles over the past few years, with more and more people choosing this mode of transportation for its affordability and convenience. It's not just the urban areas that are experiencing this trend; even the rural areas have been seen to have a significant increase in motorbike usage. The Philippines motorcycle market is driven by several factors. The increasing population of the country has led to a rise in the need for mobility, especially in the urban areas, where traffic congestion is always a problem. Second, the affordability of motorcycles has made it an attractive option for people who cannot afford cars. The demand for delivery services is also increasing, and motorcycles are perfect for this kind of business.

According to 6Wresearch, the Philippines Motorcycle Market size is projected to grow at the CAGR 5.8% of during the forecast period of 2024-2030. One of the main drivers of the motorcycle market in the Philippines is the need for affordable transportation, especially in rural areas where public transportation is scarce. Motorcycles are also favoured for their fuel efficiency and can navigate through the country's notorious traffic congestion better than four-wheel vehicles. The country's growing middle class and increasing urbanization have also contributed to the motorcycle market's growth in the past decade. One of the key drivers of the Philippine motorcycle market is the country's congested roadways. With worsening traffic conditions in major cities and lack of reliable public transportation, more Filipinos have turned to motorcycles to navigate their way through the busy streets.

The affordability of motorcycles is also a driver, providing a cheaper alternative to cars. Additionally, the rise of online delivery apps has led to an increase in demand for motorcycles used as delivery vehicles, contributing to the market's growth. In recent years, the Philippine government has implemented several initiatives to address the challenges faced by the Philippines Motorcycle Industry. These initiatives include the implementation of stricter safety regulations, such as mandatory helmet laws and speed limit restrictions, and the promotion of alternative transportation options, such as the government-initiated e-trike program. The government is also working to address environmental issues by implementing stricter emission standards and promoting the use of electric motorcycles

Government policies and schemes introduced in the Philippines Motorcycle Market

In recent years, the Philippine government has implemented several initiatives to address the challenges faced by the motorcycle market and to increase the Philippines Motorcycle Market Growth. These initiatives include the implementation of stricter safety regulations, such as mandatory helmet laws and speed limit restrictions, and the promotion of alternative transportation options, such as the government-initiated e-trike program. The government is also working to address environmental issues by implementing stricter emission standards and promoting the use of electric motorcycles.

Leading players in the Philippines Motorcycle Market

The motorcycle market in the Philippines is a highly competitive industry, with several local and international brands vying for Philippines Motorcycle Market Share . Japanese brands, such as Honda, Yamaha, and Suzuki, dominate the market, accounting for around 80% of motorcycle sales in the country. Local brands, such as Kawasaki and Kymco, also have a significant presence in the market.

Market analysis by Type

Mopeds are affordable, fuel-efficient, and practical motorcycles used for daily commutes. It is a popular option for students and workers who want to get around the city without spending too much on gas. With the increasing demand for affordable transportation, mopeds are expected to grow in the coming years.

Market analysis By Engine Capacity

According to Ravi Bhandari, Research Head, 6Wresearch, 151cc-300cc engine segment remains the most in-demand in the Philippine market due to increasing number of Filipinos who choose motorcycles as their primary mode of transportation, the country's terrain, and the growing number of enthusiasts and hobbyists.

Key attractiveness of the report

10 Years Market Numbers.
Historical Data Starting from 2020 to 2023.
Base Year: 2023.
Forecast Data until 2030.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Engine Capacity

801-1000 CC
1001-1600 CC
Above 1600 CC

Philippines Motorcycle Market (2024-2030) : FAQs

Which segment is dominating the market on the basis of type, what are the major companies operating in the philippines motorcycle market, which factor is augmenting the growth of the market, what is the market size of philippines motorcycle market, do you also provide customisation in the market study.

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How to write a business plan for a motorcycle parts manufacturer?

Creating a business plan for a motorcycle parts manufacturer is an essential process for any entrepreneur. It serves as a roadmap that outlines the necessary steps to be taken to start or grow the business, the resources required, and the anticipated financial outcomes. It should be crafted with method and confidence.

This guide is designed to provide you with the tools and knowledge necessary for creating a motorcycle parts manufacturer business plan, covering why it is so important both when starting up and running an established business, what should be included in your plan, how it should be structured, what tools should be used to save time and avoid errors, and other helpful tips.

We have a lot to cover, so let's get to it!

In this guide:

Why write a business plan for a motorcycle parts manufacturer?

What information is needed to create a business plan for a motorcycle parts manufacturer.

What goes in the financial forecast for a motorcycle parts manufacturer?
What goes in the written part of a motorcycle parts manufacturer business plan?
What tool can I use to write my motorcycle parts manufacturer business plan?

Understanding the document's scope and goals will help you easily grasp its structure and content. Before diving into the specifics of the plan, let's take a moment to explore the key reasons why having a motorcycle parts manufacturer business plan is so crucial.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your motorcycle parts manufacturer. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your motorcycle parts manufacturer to be in the next three to five years.

Once you have a clear destination for your motorcycle parts manufacturer, you'll focus on three key areas:

Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To maintain visibility on future cash flows

Businesses can go for years without making a profit, but they go bust as soon as they run out of cash. That's why "cash is king", and maintaining visibility on your motorcycle parts manufacturer's future cash flows is critical.

How do I do that? That's simple: you need an up-to-date financial forecast.

The good news is that your motorcycle parts manufacturer business plan already contains a financial forecast (more on that later in this guide), so all you have to do is to keep it up-to-date.

To do this, you need to regularly compare the actual financial performance of your business to what was planned in your financial forecast, and adjust the forecast based on the current trajectory of your business.

Monitoring your motorcycle parts manufacturer's financial health will enable you to identify potential financial problems (such as an unexpected cash shortfall) early and to put in place corrective measures. It will also allow you to detect and capitalize on potential growth opportunities (higher demand from a given segment of customers for example).

To secure financing

A detailed business plan becomes a crucial tool when seeking financing from banks or investors for your motorcycle parts manufacturer.

Investing and lending to small businesses are very risky activities given how fragile they are. Therefore, financiers have to take extra precautions before putting their capital at risk.

At a minimum, financiers will want to ensure that you have a clear roadmap and a solid understanding of your future cash flows (like we just explained above). But they will also want to ensure that your business plan fits the risk/reward profile they seek.

This will off-course vary from bank to bank and investor to investor, but as a rule of thumb. Banks will want to see a conservative financial management style (low risk), and they will use the information in your business plan to assess your borrowing capacity — the level of debt they think your business can comfortably handle — and your ability to repay the loan. This evaluation will determine whether they'll provide credit to your motorcycle parts manufacturer and the terms of the agreement.

Whereas investors will carefully analyze your business plan to gauge the potential return on their investment. Their focus lies on evidence indicating your motorcycle parts manufacturer's potential for high growth, profitability, and consistent cash flow generation over time.

Now that you recognize the importance of creating a business plan for your motorcycle parts manufacturer, let's explore what information is required to create a compelling plan.

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Writing a motorcycle parts manufacturer business plan requires research so that you can project sales, investments and cost accurately in your financial forecast.

In this section, we cover three key pieces of information you should gather before drafting your business plan!

Carrying out market research for a motorcycle parts manufacturer

Carrying out market research before writing a business plan for a motorcycle parts manufacturer is essential to ensure that the financial projections are accurate and realistic.

Market research helps you gain insight into your target customer base, competitors, pricing strategies and other key factors which can have an impact on the commercial success of your business.

In particular, it is useful in forecasting revenue as it provides valuable data regarding potential customers’ spending habits and preferences.

Your market research might reveal that motorcycle parts manufacturers could see an increase in demand for high-end and custom parts. It could also show that the market for vintage and antique parts may be growing.

This information can then be used to create more accurate financial projections which will help investors make informed decisions about investing in your motorcycle parts manufacturer.

Developing the sales and marketing plan for a motorcycle parts manufacturer

Budgeting sales and marketing expenses is essential before creating a motorcycle parts manufacturer business plan.

A comprehensive sales and marketing plan should provide an accurate projection of what actions need to be implemented to acquire and retain customers, how many people are needed to carry out these initiatives, and how much needs to be spent on promotions, advertising, and other aspects.

This helps ensure that the right amount of resources is allocated to these activities in order to hit the sales and growth objectives forecasted in your business plan.

The staffing and capital expenditure requirements of a motorcycle parts manufacturer

Whether you are starting or expanding a motorcycle parts manufacturer, it is important to have a clear plan for recruitment and capital expenditures (investment in equipment and real estate) in order to ensure the success of the business.

Both the recruitment and investment plans need to be coherent with the timing and level of growth planned in your forecast, and require appropriate funding.

A motorcycle parts manufacturer might incur staffing costs such as salaries for the production workers, supervisors, and engineers involved in the manufacturing process. In addition, they may need to purchase or rent equipment such as machines, tools, and storage containers to produce the parts. They may also need to purchase raw materials, such as metal or plastic, to create the components.

In order to create a realistic financial forecast, you will also need to consider the other operating expenses associated with running the business on a day-to-day basis (insurance, bookkeeping, etc.).

Once you have all the necessary information to create a business plan for your motorcycle parts manufacturer, it is time to start creating your financial forecast.

What goes into your motorcycle parts manufacturer's financial forecast?

The objective of the financial forecast of your motorcycle parts manufacturer's business plan is to show the growth, profitability, funding requirements, and cash generation potential of your business over the next 3 to 5 years.

The four key outputs of a financial forecast for a motorcycle parts manufacturer are:

The profit and loss (P&L) statement ,
The projected balance sheet ,
The cash flow forecast ,
And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for a motorcycle parts manufacturer shows how much revenue and profits your business is expected to generate in the future.

projected profit and loss statement example in a motorcycle parts manufacturer business plan

Ideally, your motorcycle parts manufacturer's P&L statement should show:

Healthy growth - above inflation level
Improving or stable profit margins
Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established motorcycle parts manufacturer. And similarly, an established company should showcase a higher level of profitability than a new venture.

The forecasted balance sheet of your motorcycle parts manufacturer

The projected balance sheet of your motorcycle parts manufacturer will enable the reader of your business plan to assess the overall financial health of your business.

It shows three elements: assets, liabilities and equity:

Assets: are productive resources owned by the business, such as equipment, cash, and accounts receivable (money owed by clients).
Liabilities: are debts owed to creditors, lenders, and other entities, such as accounts payable (money owed to suppliers).
Equity: includes the sums invested by the shareholders or business owners and the profits and losses accumulated by the business to date (which are called retained earnings). It is a proxy for the value of the owner's stake in the business.

projected balance sheet in a motorcycle parts manufacturer business plan example

Analysing your motorcycle parts manufacturer projected balance sheet provides an understanding of your motorcycle parts manufacturer's working capital structure, investment and financing policies.

In particular, the readers of your plan can compare the level of financial debt on the balance sheet to the equity value to measure the level of financial risk (equity doesn't need to be reimbursed, while financial debt must be repaid, making it riskier).

They can also use your balance sheet to assess your motorcycle parts manufacturer's liquidity and solvency:

A liquidity analysis: focuses on whether or not your business has sufficient cash and short-term assets to cover its liabilities due in the next 12 months.
A solvency analysis: takes and longer view to assess whether or not your business has the capacity to repay its debts over the medium-term.

The cash flow forecast

As we've seen earlier in this guide, monitoring future cash flows is the key to success and the only way of ensuring that your motorcycle parts manufacturer has enough cash to operate.

As you can expect showing future cash flows is the main role of the cash flow forecast in your motorcycle parts manufacturer business plan.

example of projected cash flow forecast in a motorcycle parts manufacturer business plan

It is best practice to organise the cash flow statement by nature in order to show the cash impact of the following areas:

Cash flow generated from operations: the operating cash flow shows how much cash is generated or consumed by the business's commercial activities
Cash flow from investing activities: the investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.) either to maintain the business's equipment or to expand its capabilities
Cash flow from financing activities: the financing cash flow shows how much cash is raised or distributed to financiers

Looking at the cash flow forecast helps you to make sure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

Your motorcycle parts manufacturer business plan will normally include both yearly and monthly cash flow forecasts so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your business plan when starting your motorcycle parts manufacturer as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).

motorcycle parts manufacturer business plan: sources & uses example

Having this table helps show what costs are involved in setting up your motorcycle parts manufacturer, how risks are shared between founders, investors and lenders, and what the starting cash position will be. This cash position needs to be sufficient to sustain operations until the business reaches a break-even point.

Now that you have a clear understanding of what goes into the financial forecast of your motorcycle parts manufacturer business plan, let's shift our focus to the written part of the plan.

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The written part of a motorcycle parts manufacturer business plan

The written part of a motorcycle parts manufacturer business plan plays a key role: it lays out the plan of action you intend to execute to seize the commercial opportunity you've identified on the market and provides the context needed for the reader to decide if they believe your plan to be achievable and your financial forecast to be realistic.

The written part of a motorcycle parts manufacturer business plan is composed of 7 main sections:

The executive summary
The presentation of the company
The products and services
The market analysis
The strategy
The operations
The financial plan

Let's go through the content of each section in more detail!

1. The executive summary

The executive summary, the first section of your motorcycle parts manufacturer's business plan, serves as an inviting snapshot of your entire plan, leaving readers eager to know more about your business.

To compose an effective executive summary, start with a concise introduction of your business, covering its name, concept, location, history, and unique aspects. Share insights about the services or products you intend to offer and your target customer base.

Subsequently, provide an overview of your motorcycle parts manufacturer's addressable market, highlighting current trends and potential growth opportunities.

Then, present a summary of critical financial figures, such as projected revenues, profits, and cash flows.

You should then include a summary of your key financial figures such as projected revenues, profits, and cash flows.

Lastly, address any funding needs in the "ask" section of your executive summary.

2. The presentation of the company

As you build your motorcycle parts manufacturer business plan, the second section deserves attention as it delves into the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide valuable insights into the legal structure of the business, the identities of the owners, and their respective investments and ownership stakes. This level of transparency is vital, particularly if you're seeking financing, as it clarifies which legal entity will receive the funds and who holds the reins of the business.

Moving to the location part, you'll offer a comprehensive view of the company's premises and articulate why this specific location is strategic for the business, emphasizing factors like catchment area, accessibility, and nearby amenities.

When describing the location of your motorcycle parts manufacturer, you may want to focus on the potential for growth in the area. You could emphasize the region's access to transportation networks, which could make it easy to move goods to and from the factory. Additionally, you could highlight the potential for a skilled workforce in the area, which might make it easier to hire the right people for the job. Finally, you could point to the region's potential for economic development, which could create cost savings and other advantages for the manufacturer.

Lastly, you should introduce your esteemed management team. Provide a thorough explanation of each member's role, background, and extensive experience.

It's equally important to highlight any past successes the management team has achieved and underscore the duration they've been working together. This information will instil trust in potential lenders or investors, showcasing the strength and expertise of your leadership team and their ability to deliver the business plan.

3. The products and services section

The products and services section of your business plan should include a detailed description of what your company offers, who are the target customers, and what distribution channels are part of your go-to-market.

For example, your motorcycle parts manufacturer might offer a variety of motorcycle parts such as tires, brakes, engines, and lighting. Additionally, the company might offer services such as installation and repairs, as well as custom parts fabrication and painting. These products and services would allow customers to customize their motorcycles to better suit their individual needs and preferences.

4. The market analysis

When outlining your market analysis in the motorcycle parts manufacturer business plan, it's essential to include comprehensive details about customers' demographics and segmentation, target market, competition, barriers to entry, and relevant regulations.

The primary aim of this section is to give the reader an understanding of the market size and appeal while demonstrating your expertise in the industry.

To begin, delve into the demographics and segmentation subsection, providing an overview of the addressable market for your motorcycle parts manufacturer, key marketplace trends, and introducing various customer segments and their preferences in terms of purchasing habits and budgets.

Next, shift your focus to the target market subsection, where you can zoom in on the specific customer segments your motorcycle parts manufacturer targets. Explain how your products and services are tailored to meet the unique needs of these customers.

For example, your target market might include hobbyists who are passionate about customizing their motorcycles. These customers are likely to be interested in investing in high-quality parts to upgrade their motorcycle's performance. They may also be willing to spend extra money on custom parts to make their motorcycles unique.

In the competition subsection, introduce your main competitors and explain what sets your motorcycle parts manufacturer apart from them.

Finally, round off your market analysis by providing an overview of the main regulations that apply to your motorcycle parts manufacturer.

5. The strategy section

When crafting the strategy section of your business plan for your motorcycle parts manufacturer, it's important to cover several key aspects, including your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, clearly explain what sets your company apart from competitors. This is particularly critical if you're a startup, as you'll be trying to establish your presence in the marketplace among entrenched players.

The pricing strategy subsection should demonstrate how you aim to maintain profitability while offering competitive prices to your customers.

For the sales & marketing plan, outline how you plan to reach and acquire new customers, as well as retain existing ones through loyalty programs or special offers.

In the milestones subsection, detail what your company has achieved thus far and outline your primary objectives for the coming years by including specific dates for expected progress. This ensures everyone involved has clear expectations.

Lastly, in the risks and mitigants subsection, list the main risks that could potentially impact the execution of your plan. Explain the measures you've taken to minimize these risks. This is vital for investors or lenders to feel confident in supporting your venture - try to proactively address any objection they might have.

Your motorcycle parts manufacturer could face a number of risks. For example, they may not be able to secure necessary materials to produce parts, or they could experience a disruption in their supply chain. This could lead to a shortage of parts, or delays in production, which could in turn lead to a loss of customers and revenue. Additionally, they may face the threat of competitors entering the market, which could lead to decreased market share and decreased profitability.

6. The operations section

The operations of your motorcycle parts manufacturer must be presented in detail in your business plan.

The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).

You should then state the operating hours of your motorcycle parts manufacturer - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.

The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.

You may have key assets such as the designs for parts and components, as well as the machinery and tools used to manufacture them. Your Intellectual Property could include patents on certain parts or components, or it might include copyrights for designs or logos.

Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we discussed earlier in this guide.

Now that you have a clear idea of what goes into a motorcycle parts manufacturer business plan, let's look at some of the tools you can use to create yours efficiently.

What tool should I use to write my motorcycle parts manufacturer's business plan?

In this section, we will be reviewing the two main options for writing a motorcycle parts manufacturer business plan efficiently:

Using specialized software,
Outsourcing the drafting to the business plan writer.

Using an online business plan software for your motorcycle parts manufacturer's business plan

Using online business planning software is the most efficient and modern way to create a motorcycle parts manufacturer business plan.

There are several advantages to using specialized software:

You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
You are guided through the writing process by detailed instructions and examples for each part of the plan
You can access a library of dozens of complete business plan samples and templates for inspiration
You get a professional business plan, formatted and ready to be sent to your bank or investors
You can easily track your actual financial performance against your financial forecast
You can create scenarios to stress test your forecast's main assumptions
You can easily update your forecast as time goes by to maintain visibility on future cash flows
You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

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The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Screenshot from The Business Plan Shop's Financial Forecasting Software

Hiring a business plan writer to write your motorcycle parts manufacturer's business plan

Outsourcing your motorcycle parts manufacturer business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the motorcycle parts manufacturer business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your motorcycle parts manufacturer's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write a motorcycle parts manufacturer business plan is a terrible idea.

For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.

As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.

That's for the forecast, but what about the written part of my motorcycle parts manufacturer business plan?

This part is less error-prone, but here also software brings tremendous gains in productivity:

Word processors don't include instructions and examples for each part of your business plan
Word processors don't update your numbers automatically when they change in your forecast
Word processors don't handle the formatting for you

Overall, while Word or Excel may be viable options for creating a motorcycle parts manufacturer business plan for some entrepreneurs, it is by far not the best or most efficient solution.

Using business plan software is a modern and cost-effective way of writing and maintaining business plans.
A business plan is not a one-shot exercise as maintaining it current is the only way to keep visibility on your future cash flows.
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your motorcycle parts manufacturer and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

We hope that this in-depth guide met your expectations and that you now have a clear understanding of how to write your motorcycle parts manufacturer business plan. Do not hesitate to contact our friendly team if you have questions additional questions we haven't addressed here.

Also on The Business Plan Shop

How to write a business plan to secure a bank loan?
Key steps to write a business plan?
Top mistakes to avoid in your business plan

Do you know entrepreneurs interested in starting or growing a motorcycle parts manufacturer? Share this article with them!

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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PH is becoming a hub for motorcycle production

The Philippines is becoming a motorcycle production hub in the region with local producers, the latest of which is Honda Philippines Inc., now exporting locally made units, Trade and Industry Secretary Ramon M. Lopez said.

“Honda will start exporting its motorcycles to New Zealand this quarter,” Lopez announced at the Security Bank’s 2021 Economic Forum The Future of the Philippine Manufacturing Industry on the future of motorcycle manufacturing in the country as he cited the growing number of foreign motorcycle producers in the Philippines.

Other recent developments in the industry include Yamaha's expansion in Batangas to produce new models in the country creating 1,000 more jobs.

Other expansions by local producers include the Ayala-led KTM operation for the assembly of big bikes for the domestic market, as well as export to China and other ASEAN countries.

Today, Lopez said, there are about four Japanese motorcycle manufacturers and assemblers

In addition, there are about 12 from China, and one European.

“I think this is really a fast growing sector for transportation and mobility,” he said.

Based on DTI monitoring, Lopez said the domestic motorcycle industry grew by 22 percent as of January 2021 compared to the previous year.

Japan External Trade Organization (JETRO) Manila Office Investment and EPA Advisor Tomohiro Ando cite the huge Philippine market for motorcycles of more than 2 million units annually as unique in the world.

“I think in the long term the Philippines has good potential,” he said referring to potentials in the local market and as production base for exports to other ASEAN countries. With production volume of more than 1 million annually, Ando said this should motivate investors. He also cited the competitive factor in the country with the improvement in market access because of the regional free trade agreements that the Philippines is a part of.

Meantime, Lopez said that DTI has been courting the big guys in the manufacturing sector to consider the Philippines if not set up research and development.

This is the reason for the DTI’s push to make the Philippines also an AI Center for Excellence and R&D capabilities so that “We can really attract all those big companies to do more high value adding services

here in the country.”

He noted of the decision of Dyson to set up its R&D center in the Philippines.

“So we're inviting more and more of the you know Dyson-like companies to consider Philippines,” said Lopez adding the DTI is talking more of hyperscalers, those that can build more data centers and infrastructures here in the country.

“As you know in Singapore, Vietnam are reaching saturation point, and that's the reason why we're pushing for Philippines also as the alternative location for those kinds of operations that are high technology,” he said.

He said that very competitive incentive packages await mega investors and R&D facilities under the CREATE Law. In addition, the President is also allowed under the law to sweeten an incentive package to very strategic investments.

Under the law, corporate income tax rate on large corporations will go down to 25 percent from the current 30 percent and 20 percent on micro, small and medium enterprises. Projects also enjoy special CIT of 5 percent for a certain period once their income tax holiday expires. Aside from the regular tax perks, companies are also given 50 percent tax deduction on their expenses for training and R&D expenses.

Online Source for the latest Philippine Motorcycle News

Thursday, August 22, 2013

Motorcycle Parts And Accessories Business Start up

Supplier/Wholesaler

218 comments :.

i like your idea in starting up a business I hope we can be a partner later on. i am planning to open up early next year

ptulong po pano po magstart magbusines ng motorcycle parts? ano po una kailngan gawin? salamat po

Mikaniko po aq, gusto q ring magkaruon ng sariling bsnes.

Sir maam balak ko po mag bsnes pwdi ko bang malaman kung saan mismo nakuha ng mga acsisures parts mag tatayo po ako ng shop at store acsisures parts ples help me sir maam this may wats up 0551267732 basil ebreo po pangalan ko i am propesonal mechanic din sir at may manga gamit na ako at mechaniko

You can also try us. We are wholesale distributor nationwide in the Philippines

Hello, maybe you can help me because i'm looking for a supplier, my plan is to start my business by December. hope you can contact me in this email. [email protected]

hi Ron Carlo Adajar. do you have an officcial website.?? can you please name it because i want to start business this 2017.. thank you..

Do you accept consignment!

Hi! We are a new startup looking for legit supplier. Kindly email us at [email protected]

Kindly email me sir those movable items with pricelist @[email protected] thank you.

sir pano po mag start sa motor parts business may 100k lang po ako sa bulsa isa po akong ofw

Sir, are still supplying a motorparts? I am interested to be one of your client. Here is my email, [email protected]

Sir Ron carlo adajar sir contact mi sir [email protected] looking for motor parts suppliers

To all suppliers pls. Send me your details so i can contact you. [email protected]. 09770498060

hi puede makahingi ng pricelist at photo ng item mo sir gusto kong mgstart ng new business mail me [email protected]

Meron po ba kayong consignment program?

Motorcycle Parts Supplier Philippines

your contact number sir?

sir ito email ko.. [email protected] gusto ko po mag business no motor parts

you can also try us.

How to franchise.?kindly email us @[email protected]. thank you

Panu po mag start ng business motorcycle parts and accessories maypa franchise po bah ng 100kto150k lng kase yn lang kaya ko pang puhunan? 1st time ko at willing at interesadong mg open ng negosyo gaya nito and meron napo ako area own at National road di na mg renta at may kaibigang mekeniko na turulong hanap lng m panu pg simula makuhanan ng murang supplier or franchise bah na mkaturo panu mg market...salamat po hope may reply agad anytime makontak ako sa number 09359678065

Ready napo ang store ko available anytime stock na lang kailangan san makakuha ng mura..ang target sana this week or as soon us possible san mkakuha ng stock or mka franchise mn ng mura sa halagang 100kto150k

Email me ur pricelist pls...at mgknu franchise po

What is the composition of the franchise fee. Does it includes items for sale.

can I have your contact number pls. you said your a whole sale a d distributor u might help us to start a business, but we are planning to start as on line shop because we don't have big capital to start on pls contact us on 09309106006 thanks

email me your pricelist

pls email me your pricelist wheres your shop?

To all supplier u can email me your price list at [email protected]. Thanks

Sir/madam pki send nmn po ung price list nyu. Thanks

am a new and fresh starter for motorcycle parts business, i need suppliers and price lists from wholesaler. my contact number is 09155036972.

email me your pricelist - [email protected]

Good day to all suppliers/wholesaler, I am about to start a motorcycle parts business, please send your price list thanks, or text me sa 09469710984, email [email protected]... Send me your contact details as well, and addresses. Thanks

pls email your pricelist to [email protected]

Good day,Supplier just email the pricelist [email protected] or 09477996191 ..want to have a motorcycle spare parts and accessories

Dear Supplier, Please send via email your price list of your salable items my starting capital is only 100,000. Here is my email [email protected]

Suppliers!!! Please email me your priceslist! Thank you in advance! [email protected]

Dear Supplier , Please provide me the Pricelist of your Salable items. here is my email. [email protected]

Good Day Supplier Could you please provide me a pricelist at this email, [email protected] Best Regards

Can you also send me your pricelist thank you in advance.... [email protected]

PrimeGreen Technologies Dubai, UAE has opened its Electric Vehicle Manufacturing in Philippines. Its Efficient and Economical. We are Soliciting enquires for Dealership and Distributorship Please contact Emmanuel Sanchez [email protected] ; www.primegreenpower.com

Its a Perfect Solution for replacing the Tricycle in Philippines and to save the climate change

I need suppliers please send me your pricelist [email protected]

Pls email pricelist of parts and services at [email protected].

Good day, Could you please send me your especial wholesale price for the salable parts and accessories to [email protected] thank you and regards.

Dear Sir, Could you please send me your special wholesale price for the salable parts and accessories to [email protected] thank you and regards.

Hello supplier, Could you send me a pricelist on wholesale for stable and saleable parts to [email protected] Thanks and Best Regards!

I'am looking for a supplier for motor parts business, email me your price list - [email protected] Thanks!

Good day supplier, im planning to open a motorcycle parts business early this year,im looking for a supplier.could you please send me the pricelist of your salable item.my email [email protected]

Suppliers, Supply me. Email me your listings at: [email protected]

pls send me pricelist i want to start this business..thank you... [email protected]

suppliers pls email me your pricelist pls [email protected]

pa send nmn po ng price list...or contact me at 0 9954304381...need advise kc gusto ko start ng motor parts business..tnx

i need supplier/wholesaler for motor parts and accessories. plan to start this year. [email protected] | 0949.415.2253 thanks...

planning to open a motorcycle shop. Please send me your details to [email protected]

I am planning to start a motor parts business within this year or early next year and i need advise. To suppliers/distributors please send me your price lists and details to: [email protected]

I am planning to start a motor parts business within this year or early next year and i need advise. To suppliers/distributors please send me your price lists and details to: [email protected] Thank you...

Dear supplier, Please send me your price list and details because im looking for a good supplier for business. I plan to open 3rd week of july but i dont have any idea where can i get the supplies..please send me in my email..thank you. [email protected]

please send your pricelist on salable item or franchise [email protected]

Hello. Im planning to start a motorcycle parts and accessories business in South Cotabato. Im looking for a supplier. And pls email me the price list of salable items. Many thanks. Butz Email [email protected]

Hi, I m planning to put up a motorcycle parts,we have a very nice location already and what we just need it is the supplier who can offer us a good price or if there is a chance for consignment then that will be great..please email me at [email protected] or call me 09053998832..thanks Jessica

please send me the details (price) at [email protected] Thanks.

Hi suplier. Please email me. [email protected] Pricelist of the best part and accesories.thank u n advance.

hi mam pls feel free to contact me at 09776498083 i want to put up a motor parts business.. tahnk you

Suppliers please.. Kindly email quotations/pricelist of all salable mc parts&accesories. Thank you [email protected] 09266736964/09054892306

Im planing this coming january to start motor parts business can you please send to me the price list for spare and accessories? [email protected]

I am selling my remaining parts, accessories (fast moving), tools & equipments such as compressor, grinder, tucker, clamps, glass cabinets. . I closed my shop (located in batangas) because I am too busy with my work and no one will take care of my business. I am selling it at 90k total package. You may give me a message at 09199902824. I can send to you the complete lists/inventory of the remaining items if you are interested. Thanks! Regards, Aljein

Im planning to start a business,can you be my supplier please pm [email protected]

hi, please send me as well your price list and be my supplier. please specified fast moving items...e-mail add: [email protected]

All Supplier I'm planing this coming January 2017 to start motor parts business can you please send to me the price list for spare and accessories? Email Add: [email protected]

good morning all suppliers, I'm preparing to start a motorcycle parts center here in my province this October pls. sent me a proposal for which I will get my supplies of motorcycle parts. here's my email, [email protected] thank you and hope to be your business partner.

can you please Pm me in watsapp +966 546669360 0r email me at [email protected] / [email protected]

Please send me price list of salable items as a start up. i am interested and planning to put up a store. thanks Ricky [email protected].

Dear to whom my concern Kindly requesting for you usual support please send me quatation or pricelist of your sellable parts and accesories @ renz.e@medicaloutfit / [email protected]

Pls send me your pricelist @ [email protected]

Good evening . san po ba pwed bumili ng wholesale na mga accessories . plano Ku po kac mag negosyo ng accessories .. Salamat sa sasagot ..

Need supplier and wholesaler po sa accessories ng motor .. Pah email nah LNG po sa pricelist . salamat . [email protected]

SIR, PLEASE SEND ME ALSO YOUR PRICELIST AT [email protected] you.

To all suppliers; I am interested in openning a motorparts business this january. Kindly contact me at [email protected] or 09776793484.

I already have a motorcycle accessories and riding gears shop. Can you possibly send me your price list. Thank you and God bless. E-mail= [email protected]

I am very much interested to open motorcycle spare parts and accessories business. Please kindly contact me at [email protected].. cp no. 09983715207, also please send me a price list of fast moving spare parts.

To suppliers, I am very much interested to open motorcycle spare parts and accessories business. Please kindly contact me at [email protected].. cp no. 09983715207, also please send me a price list of fast moving spare parts.

I am planning to start a motor parts business within this year or early next year and i need advise. To suppliers/distributors please send me your price lists to [email protected]

Good day, I'm looking for a wholesale parts distributor. Please email [email protected]

This comment has been removed by the author.

Good day to all suppliers/wholesaler, I am about to start a motorcycle parts business, please send your price list thanks, or text me sa , email [email protected]... Send me your contact details as well, and addresses. Thanks

Need help from all the suppliers here. Please send me your price list as well as stocks. Here's my email, [email protected]. Thank you in advance!

Good day. Been planning to set up a motorcycle shop. Any suppliers/distributors here? Need pricelist of parts/accessories for yamaha, kawasaki, suzuki and honda tricycle variant. Genuine and OEM. Also in need if available genuine, OEM Kymco parts and accessories pricelist. Please email [email protected] for pricelist. Thanks

good day.. im planning to start motorcycle parts business.. can you send me price list.. many thnks [email protected]

Hi, Any suppliers/distributors here that can help me start a motorcycle parts business? Please send your price list including accessories at [email protected]. Thank you.

Good day to all suppliers/wholesaler,Please email [email protected] for price list. Thank you

Hi Sir i`m the motorcycle accessory manufacturer from China. Chongqing TL Machinery Parts Import & Export Co. Ltd we have best sources and best services in motorcycle accessories. such as:cluth,dis brake ,electrosport stator,tricycle reverse gear,cylinder block,start&gearshift lever ETC. perfect quality with nice price. if u interested to know the China market,plz no hesitate to contact. Mr Li [email protected]

Hi Mr. Li please send me updated price list, salable items of parts and accessories. Also do you have sources for auto parts? Shell [email protected]

I'am looking for a supplier for motor parts business, email me your price list - [email protected] Thanks!

Please email me your pricelist and other products im interested.

Hi Suppliers/Diatributor, Please send me the price list. Thanks [email protected]

Good day Planning to start motorcycle parts business this year.Pwede mo pakisend ng pricelist ng parts para may idea kung magkano ang ilalaan na budget.thanks..you can email me at [email protected]

Good day sir balak ko mag tayo ng motorcycle parts business pro wala pakong supplier i want to start in low capital can you send me the price list kung anong parts ang kailangan ko for a starter in this business my email add is [email protected] thanks

im planning to open motor parts business dito sa negros oriental..want to start up sa mababang capital lng po muna.can u send me price list and kind of items to sell for starting..can u email po sa [email protected]

Good day Im also planning to open a motorcycle parts business here in Bacolod at low capital. pwede pong pasend ng pricelist and ano pong items ang usually mabilis mabenta. Thanks heres my email [email protected]

Hi SUPPLIER, I'm planning to open a shop, please email me complete motorcycle accessories and parts pricelist @ [email protected], I already have are in north caloocan.. I'm planning to open before end of this month.

mag oopen po ako ng motorcycle spare parts shop with a low capital. pls swnd me your pricelist [email protected]

Dear Sir, Greetings of the Day. I have a plan to opened a small business for Motorcycle Spare Parts & Services in my area ( This area is not reachable for electrical connection which is called Province area somewhere in Mindanao ) but most of the people are using motorcycle so I decided to open a small business in my area in that case I was looking for good idea a better way how to manage this small business. Do you have any Spare Parts List with Unit Prices and Sample (Image) each item? How much the cost the delivery to Mindanao (Particularly In Cagayan de Oro City) to pick up the delivery item? Do you have any branches in Mindanao which either in Cagayan, Davao, Iligan or any cities in Mindanao? Looking forward for your quick reply and appreciate with your kind understanding. You can email me on : [email protected]

pa email naman po ng pricelist saka yung fast moving. [email protected]

hi there im looking for motorcycle parts ad accessories supplier nkapag open n po ako ng shop ko pls kindly e mail me your pricelist at [email protected]

Dear Suppliers, Kindly provide me your price lists and send it to my personal email add: [email protected] Thanks, Dencold - from Sta. Ana Manila AYSC Virtual Assistant Services [email protected]

Dear suppliers. Planning to set up this kind of bussiness at Baguio.please send me your updated pricelist to [email protected] a lot

Hello boss! Im planning to start a motorcycle parts and accessories bussiness this coming year 2018 im interested to learn more so maybe you can help me can you pls. Email me at [email protected] thank you and Godbless...

To all interested in starting up a spareparts business like me. I search the net and found this https://www.innomotocycleparts.com. tanong lang po kung mayron na ba ditong nakabili na sa kanila. meron silang complete list of motorcycle spareparts and accessories with prices some with picture na pede in download in pdf form. kakadownload ko lang kahapon. at na contact ko na rin sila. 30% discount wholesale. kaya lang hindi pa ako nag order kasi ina alala ko ang Freight charges kasi pag outside Luzon yata hindi na nila idideliver. ang buyer na ang mag shoulder sa freight. meron na ba ditong nkapag order sa kanila, kasi mahirap mag transact pag online e maraming scammers. please post here or email me @ [email protected] thanks

To all suppliers, May i also request for updated price list, please send to [email protected] Thank you!

To all suppliers, Can you email me your pice list, [email protected] Thank you,

Dear Suppliers/Wholesalers, We are planning to open a Motorcycle Shop this November here in Negros Occidental. Can you please email me your updated price list, [email protected]. Thank you.

leather motorcycle jackets have been the core of protective riding gear since decades. Leather jackets offer unbeatable protection and classy looks. Thanks for sharing Bike Accessories blog.

Good day sir/ma'am I have already a motor parts and accessories business in tarlac so let may know ur price list thank you [email protected]

I have retail motorcycle parts and accessories store in Bicol. Please email your price list at [email protected]

Good day, I am looking for wholesalers of motorcycle parts.kindly email me your latest pricelist,terms and conditions at [email protected]. thanks in advance.

Hi i am looking for a supplier/whole sale of motorcycle parts and accessories. Pls send me ur pricelist, Contact me at 09167055346 Send email: [email protected]

Dear Suppliers/Wholesalers/Distributors Greetings! I'm an OFW currently in UAE. But I already resigned in my job and planning to go home for good. I am about to start a Motorcycle Spare Parts in July this year. Please send me price lists on this email: [email protected]. Looking for a permanent supplier for my business. Thank you.

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Dear Suppliers/Wholesellers/Distributors, I am about to open a motorcycle/tricycle parts and accessories business. I am currently looking for suppliers. I would appreciate if you could email me your price list at [email protected]. Thank you very much.

Suppliers/Wholesellers/Distributors, I am about to open a motorcycle/tricycle parts and accessories business. I am currently looking for suppliers. I would appreciate if you could email me your price list at [email protected]. Thank you very much.

Hello, I'm planning to open my motor parts and accessories this August. Can you give me idea about marketing. And where can I buy good supplier? Thanks... Please email me price list. [email protected] Thank you

I and my husband were planning to open a motorcycle parts and accessories this August 2018 and we're looking for a supplier. Can you please send me a price list of your items at [email protected]. Thank you and Godbless!

Hi I am joseph a government employee and im about to open a motorcycle parts and accessories in my place at bayugan city and I need a trusted supplier/wholeseller/ distributors to start my business. were looking forward for your kindness to help me to start my business and I need your price list for me to see ! You can email us at [email protected]

Thanks for suggestion. For more visit superbike accessories india .

Dear Supplier, Kindly email me motorcycle fast moving items at [email protected] Regards

Dear Supplier, Kindly email me the whole price list and parts fast moving item FYI; I'm planning to open my shop next month and also to take from you bulky item wholesale in Cebu. Thanks & regards Miki

@Miki. Walay wholesaler diha sa Cebu?? Planning to order unta kay doul ra sa Negros.

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Hi all, mayron akong excel vba userform na kayang mag record ng sales, purchases, expenses and can monitor inventory. Can also generate income statement for your small business like sari sari, motor spareparts at iba pa. just e mail me [email protected] for trial version for those who are interested. your inventory monitoring will be solve and you can easily trace your income.

Hey I'm interested, is this free or how much ?

Supplier pls...send ur items and prices of each..tnx.. Loc.subic zambales

Dear Supplier, I want to start my motorcycle parts business this coming November 2018. I'm from province of Cebu, Please send via email your price list of your salable items my starting capital is only 120,000 I am looking forward for your kindness to help me start my small business. Thank you! Email: [email protected]

Hi Im a new comers on Motorcycle Business searching for a Suppliers Kindly Email me your Pricelist @ [email protected] or txt me 09235064103

Hello po, we are looking for motorcycle parts wholesaler, please let me know your email ad or cellphone# para maka communicate ako sa inyo kong paano nyo ipadala dito sa probinsya namin sa surigao kong mag order kami ng mga parts. please email me at [email protected] or txt me at 09502782363. Hoping to hear from you. Thank you.

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hi i need to starts bicyle and motor cycle parts business please help how to find suppliers and wher can we buy for small money.

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Hi, we offer wholesale price for your customers. We are accepting re sellers, please message us on our facebook page: https://www.facebook.com/SkypointEnt/

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tga palawan ako,ask ko lng sa mga supplier kung oorder ako sa inyo anong magandang systema para makatipid nmn ako sa transportation,help me pls,''contact me 09397797657

I want to use this miduim to thank Mr Houston for the good work he render to me, is with great joy and enthusiasm that i write on this internet forum because i finally have received my loan from a certain genuine lender whose name is Mr Houston ,his company name is Houston Loan Firm and for the good of you all who are still looking for a loan, this lender is endowed with all the good characteristics of a real loan lender . Judging from the loan they gave to me , their fast and reliable system of lending is not to be compared with any other,this is why i recommend any person seriously looking for a loan to contact him today and i am sure that he is willing to do for you what he has already done for me . Contact the lender on this email today: [email protected] Thanks

To those supplier, i am planning to start motor spare part business. Can you suggest fast moving item. And good price with your pricelist. [email protected]

Hi supplier, I'm looking for a supplier for motor spare parts. Please send me pricelist. Thanks

Hi supplier, I'm looking for a supplier for motor spare parts. Please send me pricelist. Thanks My email: [email protected]

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As a motorcycle service expert, this guide enhance my knowledge skills and similar service professionals like me. Well done and keep up the good work. Classic Bike Spares

Are you in financial crisis, looking for money to start your own business or to pay your bills?, Global Loan Access is given all types of loans at low interest rate of 2% I got mine from them you can Apply now via email at: ( [email protected] )

Good noon sir I’ll like to loan to your company for small business like motorcycle parts

I need supplier my email is [email protected]

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Hi, I can supply motorcycle helmet with CARGLOSS brands (Made in Indonesia). Please send your inquiry to [email protected]

Can you send your helmet pricelist?

Looking a supplier. 0949 3223 177 Motorcycle shop.

Hi - can you send your price list please? Or recommend a supplier? Planning for a store in Lipa / Bacolod. [email protected] please send to [email protected]

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i wan also to have a motorcylce parts business i would like to franchise too how much the total cost i should pay when i franchised email me at [email protected]

Hello I'm John motor cycle parts supplier from Thailand, People who are interested please feel free to contact me in this email address [email protected]

I am OFW I want put up the motorcycle parts in San Isidro Nueva Ecija how can I start>?

Hi good day..i want to open a small business of motorcycle spareparts here in bacacay albay (bicol)im looking for supplier please send me details my contact number is 092257771684 [email protected] thank you verymuch.

Hello Supplier, Could you send me a price list on wholesale for stable and saleable motor parts and accessories to [email protected] Thanks and Best Regards!

These days you also find a lot of designer wear helmets in the market for the motor bikers it's a different style to carry the best helmets in town. If you are really in the fashionable side then you could go buy women's helmet in for the high safety standard helmets. cascos de moto para mujer

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The New DIO

Suggested Retail Price may vary depending on your location.

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IMAGES

Motorcycle Store Business Plan [2023- Download Free PDF]
free motorcycle shop business plan template in Word and PDF formats
Motorcycle Spare Parts Business Plan Philippines
Motorcycle Shop Business Plan Example
Motorcycle Shop Business Plan Example
Retail Bike Shop Business Plan

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NEGOSYO TIPS: 3 NA BASIC TIPS SA PAG SISIMULA NG MOTOR PARTS BUSINESS #motorpartsbusiness
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COMMENTS

Motorcycle Shop Business Plan Example
2.2 Start-up Summary. Brian Jefferson will invest $55,000 in Recycled Riding Dreams. Brian will also secure a $20,000 loan. The initial inventory for Recycled Riding Dreams will be $45,000. The focus of this inventory will be on engine and electrical parts. The source of these parts are motorcycle hobbyists who sell the parts in order to ...
How To Start Your Own Business Of Motorcycle Spare Parts In The Philippines
Tip 6 - Spend some time and money in marketing and advertising. Every business needs a good marketing plan. As you must know, " The aim of marketing is to make selling superfluous. " ~ Peter Drucker. Be more active on the social media platforms, develop a blog page for your business website to gain the trust of your target audience ...
How to write a business plan for a motorcycle store?
When crafting the strategy section of your business plan for your motorcycle store, it's important to cover several key aspects, including your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants. In the competitive edge subsection, clearly explain what sets your company apart from competitors.
How To Start A Motorcycle Parts Business
Startup Expenses: Average expenses incurred when starting a motorcycle parts business. Min Startup Costs: You plan to execute on your own. You're able to work from home with minimal costs. Max Startup Costs: You have started with 1+ other team members. Equipment & Supply Expenses: Cleaning Supplies: Cleaning supplies are essential products we used daily at home and in almost all places ...
How to write a business plan for a motorcycle repair shop?
6. The operations section. The operations of your motorcycle repair shop must be presented in detail in your business plan. The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan.
Free Motorcycle Shop Business Plan Template + Example
Get the most out of your business plan example. Follow these tips to quickly develop a working business plan from this sample. 1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from ...
Business Plan: Motorcycle Maintenance Shop
Sep 22, 2013. #1. Bros, Kailangan ko ng tulong nyo. May nakita kasi ako na magandang pwesto sa amin. May existing motorcycle/tricycle maintenance shop and vulcanize na don. Gusto ko sana lagyan ng mga basic things na madalas kailanganin. Instead na sa labas pa nila kunin, dun na lang sa shop mismo. Nakausap ko naman na sila kung ano ang mga ...
MOTORCYCLE ACCESSORIES BUSINESS: TIPS + LESSONS
Paano ba mag simula ng Motor Parts & Accessories business? Ano ang kalagayan ng market? Mataas ba ang competition? Magkano ang kitaan at puhunan sa Parts & A...
How to open a profitable motorcycle repair shop?
How to write a business plan for a motorcycle repair shop? Nowadays, the modern and most efficient way to write a motorcycle repair shop business plan is to use startup business plan software like the one we offer at The Business Plan Shop. Using The Business Plan Shop to create a business plan for amotorcycle repair shop has several advantages :
How To Start Motorcycle Parts Business In The Philippines
To make your spare motor parts business prosper, get high-quality motor accessories from the leading online motor parts wholesaler in the Philippines.visit: ...
Motorcycle shop business plan
Motorcycle shop business plan. the research. Course. Computer Engineering (BSCPE 2005) 21 Documents. Students shared 21 documents in this course. University ... was also an authorized mechanic of Kawasaki Philippines 5 Sales Strategy DENNIS MOTORCYCLES PARTS AND SERVICES will open with a every services in modificaton and repairing of motorcycle ...
How to Start a Motorcycle Shop
Start a motorcycle shop by following these 10 steps: Plan your Motorcycle Shop. Form your Motorcycle Shop into a Legal Entity. Register your Motorcycle Shop for Taxes. Open a Business Bank Account & Credit Card. Set up Accounting for your Motorcycle Shop. Get the Necessary Permits & Licenses for your Motorcycle Shop.
Motorcycle Store Business Plan [2024- Download Free Template]
Marketing Plan. A key part of the marketing plan in a Motorcycle Store business plan is the marketing budget. The growth in the number of customers is proportional to the budget and dependent on the CAC. The motorbike industry is rapidly evolving. Today's biker is 47 years old, up from 40 in 2009 and 32 in 1990.
Philippines Motorcycle Market
The demand for delivery services is also increasing, and motorcycles are perfect for this kind of business. According to 6Wresearch, the Philippines Motorcycle Market size is projected to grow at the CAGR 5.8% of during the forecast period of 2024-2030. One of the main drivers of the motorcycle market in the Philippines is the need for ...
Motortrade
Motortrade is the leading motorcycle dealer in the Philippines. From Honda, Kawasaki, Kymco, Yamaha to Suzuki motorcycles, we have them all just for you. 1. Dealer In The Philippines. 112. Riding School Locations. 112. Service Shops. 112.
How to write a business plan for a motorcycle parts manufacturer?
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your motorcycle parts manufacturer and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.
PH is becoming a hub for motorcycle production
May 27, 2021 11:30 PM. The Philippines is becoming a motorcycle production hub in the region with local producers, the latest of which is Honda Philippines Inc., now exporting locally made units, Trade and Industry Secretary Ramon M. Lopez said. Trade and Industry Secretary Ramon M. Lopez. "Honda will start exporting its motorcycles to New ...
Motorcycle Parts And Accessories Business Start up
List down and canvass from wholesalers and compare the price. Also note the most used motorcycle brand and model in your area (e.g. Honda, Kawasaki, Yamaha or Suzuki). These are the motorcycle parts and accessories that you should buy. If you're near in Caloocan you may go to 10th ave. to hunt a wholesaler.
2024 New Motorcycle Buyers Guide, Philippines
The MotoDeal Motorcycle Buyers Guide provides detailed information on every brand new motorcycle in the Philippines. Here you can check out technical specifications, descriptions, images, videos and then effortlessly connect with the best dealers. Honda Click 125 P80,900 1 Variant & Specifications ...
Motorcycles
The New CLICK125. Suggested Retail Price may vary depending on your location. SRP: ₱ 81,400.00.
Latest Motorcycles
The No. 1 selling Underbone Leisure motorcycle in the Philippines, the well-loved Smash with proven reliability over the years now with a front-disc upgrade. Raider R150 Fi The premium R150 in Fuel Injection is the symbol of Suzuki's commitment to bring its motorcycles to the pinnacle of fame - worthy to be called superior in its class.