Hot Business Idea
Aug 3rd, 2008 by admin
In an earlier post, I presented a few business ideas that focused on green living and bettering our environment. This business idea is similar; however, it will require a bit of auto know-how or some familiarity with auto repair. As you know, there’s a lot of buzz in the news and at the gas pump about the cost of fuel. Prices go up and down, up and down…but one thing is for certain. We will never see gas for pennies on the dollar again. Those days are gone. And with gas prices reaching record levels, people are searching for alternatives. Several companies have stepped up to the plate, offering consumers aftermarket products that convert gas guzzlers into efficient, so-called green machines (there is some controversy surrounding several products). Some of these kits transform autos from traditional diesel eaters into ethanol breathers, while others convert autos to run on electricity, vegetable oil and even water.
While all of these alternatives sound attractive and can be bought online or at the local auto parts dealer, many consumers have no idea how to make these modifications, nor would they feel confident enough following the instructions. So here’s this huge market opportunity for all you auto DIYers. Help folks save money at the pumps by launching a shop or mobile service that specializes in converting autos from traditional gas to alternatives sources of fuel or power.
Here’s a look at what’s required:
Approximate Start-Up Costs: Can be launched for under $5,000 (cost of acquiring a supply of start-up kits, Web site, telephone system, fax machine, business cards and miscellaneous supplies); a bricks location can also be set-up, which would raise the start-up costs considerably including the rental of commercial space, utility deposits, etc.
Potential Names: Green Machines, Alternative Auto Power, ConverCar, GazzKickers, etc.
Barriers to Entry: Alternatives such as smart cars and hybrids, consumer awareness, adoption of alternative power, etc.
Aside from paying full retail at auto parts stores such as Pep Boys, VIP, AutoZone, NAPA and Advance Auto Parts, there is also the option of buying direct from the manufacturer of these products. Here are a few key suppliers:
Hendrix Systems (LPG and CNG conversion kits)
