2 Online Car Sales Business Success Stories [2024]
The online car sales business involves selling cars online through an e-commerce platform or website. To run this business, you will need a reliable source of car inventory, a website or e-commerce platform to list the cars for sale, and a payment gateway to process transactions.
One of the benefits of running an online car sales business is that it allows you to reach a wider audience, as customers can view and purchase cars from anywhere in the world. It also allows you to operate the business from anywhere, as long as you have an internet connection.
To run a successful online car sales business, you must understand the car market well and have strong marketing and sales skills. You must also build trust with potential customers and provide excellent customer service.
Regarding financial investment, you will need to consider the cost of acquiring the car inventory and setting up a website or e-commerce platform. However, the potential for profit in online car sales is significant, as the market for used cars is constantly growing.
In this list, you'll find real-world online car sales business success stories and very profitable examples of starting a online car sales business that makes money.
1. The Clunker Junker ($5.89M/year)
Eric and Valerie Mitz, founders of The Clunker Junker, initially started off as an affiliate website generating leads for junk car removal companies. However, after facing challenges and setbacks, they decided to provide the service themselves and built a custom software platform connecting junk car buyers and sellers. The Clunker Junker has since grown into a successful business, generating close to $6 million in revenue in 2020.
How much money it makes: $5.89M/year
How much did it cost to start: $20
How many people on the team: 4
The Clunker Junker founders built a modern platform that has enabled the purchase of hundreds of thousands of cars across the US, generating almost $6 million in revenue in 2020 and changing their lives forever.
2. AVTOPRO ($540K/year)
In a communal apartment in Odessa, Evgeny Alyanchikov and friends turned their classic web studio into a major marketplace, Avto.pro. By 2021, over 5,000 stores in Ukraine sold automotive products worth $105 million through their platform.
How much money it makes: $540K/year
How much did it cost to start: $35K
How many people on the team: 50
Avto.pro is a leading Ukrainian marketplace for auto products that sold goods worth $105 million in 2021, with the potential to become a new Unicorn, by providing unique solutions that digitize the market, optimize logistics and trade chains, rebuilding relations between car owners and service stations, and introduce simplicity and transparency to the process for the client.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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