5 Online Business Ideas for Car Industry - Money Chanel

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5 Online Business Ideas for Car Industry

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Transportation is needed by everyone in society. Transportation media may be present in different types, such as cars, bikes, and more, but the truth is that car-based transportation is the most basic necessity. Therefore, as every successful business idea is based on necessity and demand, we researched most profitable business ideas based on transportation, and while doing so, we found business ideas based on cars to be among the most profitable business ideas.
The Internet has brought many advantages to itself, with the greatest advantage being to provide a platform for offline business to go online. Aspiring entrepreneurs brainstorm to come up with new online business ideas that present an excellent opportunity for many to give wings to their entrepreneurial dreams. Like other online business ideas, car-based business ideas are further divided into several sub-business ideas, such as car rental business, car marketplace system, peer-to-peer car sharing marketplace, car-classified business, and more. Continue reading to learn more details about these online business ideas.



1. Online Cab Booking Website
Online cab booking portal is one of the most profitable online car-based business ideas of recent times. Many, including Uber, have successfully implemented this business idea, which has expanded its reach in many countries. The main idea behind the car booking portal is to provide users with an easy way to order cabs. The user books a cab on the car booking website in an online cab booking business model. As per the current location of the user, the cab driver is notified to select the user.
2. Online car rental business
Car rental business is relatively new compared to other car-based businesses. This business model enjoys less competition and is the perfect opportunity for entrepreneurs to earn profit. The user rents the car from the renting website in a car rental business. Payment is made online and it is possible to pick the car from nearby location.

3. Online car marketplace system
Experts predict that around 74 million cars are expected to be sold in 2016, which is higher than in previous years. The demand for cars and the need for a centralized platform to sell cars make the business idea of the car marketplace one of the most profitable. The seller and buyer register on the website in an online car marketplace business. The seller may post the car's images along with other information. After reviewing it, the buyer can buy the car and pay through the website itself.



4. Peer to Peer Car Sharing Marketplace
Online peer to peer car sharing marketplace is successfully implemented by companies like Getaround and RelayRides. The owner can list the car on the website in a P2P car sharing marketplace and car renters can connect seamlessly with car owners. Depending on the different rental terms and conditions proposed by the website owner, car renters can rent the car for periods of time, such as a day, a few days, a week, a month, and more.

5. Online Car Classified Business
Car classified website presents a profitable opportunity for an entrepreneur who wants to earn revenue by being part of an industry that accounts for $73.4 million in projected sales for 2016. The car-classified portal is an important place where car owners can sell their cars to potential buyers. Car owners can list their cars on the website in such a business, and buyers can buy the car after contacting the owner. Additional features may include pictures of the car and reviews.

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