MCC
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Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
Hi. Thanks for the great reply. Although no official sales experience I do have a few cars and swap and change on occasion. Atm I mainly just buy and sell a few bmw parts to fund my 5 series. I just sold an old set of wheels last week actually that paid for a lovely gs300 that I may use to start my endeavour. As much as I’d like to just quit and go all in I’m not that daft just yet. My old job required me to work 60/70/80 + hours a week a lot of the time so not work shy by any means. I also think having a fairly good mechanical and electrical background is a good thing and will limit my need for a mechanic, although I know quite a few so this isn’t an issue either. If it was easy enough to earn that sort of money from the get go I think everyone would be doing it. I don’t plan on quitting the day job anytime soon although I wish I could hah. -
Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
Can never have enough dangly trees -
Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
I have indeed. I’m not too concerned about mortgages at this point. Maybe I’ll go for a flat or something cheap with little cost. As for pensions, no one in my family has ever had one as they’ve all either been self employed or ran companies. So a kind of cant afford to loose mentality I think most people view it as one of the easiest ways to be self employed. -
Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
No I totally get you, the main reason I didn’t train as a mechanic was my uncle who is one advising not to. I can see where he’s coming from but I think it’s something I’ll have to do at some point. As for skills the only skill I don’t think I’m good at is body work but I know a few people round my way so not the end of the world. Thanks for the advice -
Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
That’s the plan. As much as I’d like to I’m not daft, although some may disagree. I already buy and sell a car here and there so plan on just doing it abit more frequently and going for a particular type of car -
Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
I did think about that as I do all the work on my own cars but changing peoples oil in their fiesta or a clutch in a corsa isn’t really what I want to achieve haha -
Advice for young person becoming an independent trader
MCC replied to MCC's topic in General Dealer Chat
Thanks for the reply, great to know it’s possible if the works put in. -
Hi guys. As the title suggests I am a young person looking to getting into the car industry. im currently 22 and have trained as an electrical engineer and currently working for a big food and drinks manufacturer earning enough to put me well into the 40% tax bracket and working a 4 on 4 off shift. Sounds great right? No. I loathe the thought of going to what I consider a mundane job every week and although I should be happy, I’m just not. I have therefore decided that although against what everyone has told me growing up I’d love to do something I’m truly passionate about. That’s anything with an engine. I plan over these next winter months to develop my business plan and what I would like to achieve. As I work the shift pattern I do, I thought this may be a good way to test the waters and see if I can get it off the ground without too much financial risk, I.e still being able to cover rent and bills by having a steady income. I’m not looking to just be a regular side street dealer but a source of interesting vehicles such as classic USDM, EDM and JDM, although I’m fully aware that if it became permanent I may have to resort to this. The only thing I am honestly concerned about is my age and I’d love to hear if anyone else started out on their own around this time and what sort of obstacles you faced such as traders insurance and so on. would you start from home or go straight to finding a small yard to have capacity to hold more than 1 or 2 cars at a time? Any advice would be greatly appreciated I have started work on a website and plan on selling on most online car websites aswell as social media. I am fully aware of what a tough business it is, basically never not working and I’ll probably never be rich but I genuinely can’t stand the thought of working like I am for the rest of my life. The only downside is I may have to sell some of my current cars but hey ho beggars can’t be choosers. sorry for the long winded post