Step 1: Carry out market research It is crucial to carry out market research to ascertain the demand for your product or service in Kenya before beginning any business venture. To find the holes that you can address in this scenario, you must conduct research on the Kenyan market for motorcycle spare parts. You can start by exploring local motorcycle spare parts stores, speaking with local riders, and searching internet discussion groups and social media sites for information.
• Target market • Marketing and advertising techniques • Business name and structure • Business location • Products and services provided Financial forecasts and requirements for business registration and licensing Step 3: Register Your Business and Acquire the Necessary Licenses You must register your company with the appropriate authorities and secure the required permits after creating a business strategy. In Kenya, you have to apply for a trade license from the City Council, register your company with the Registrar of Companies, and get a business permission from the County Government.
Step 4: Select an Appropriate Location Your success depends heavily on where your motorbike repair shop is situated. You must locate a key area that is convenient for your target audience. It ought to be situated in a place with a lot of traffic and enough parking. Consider setting up your business close to a motorbike parking lot or renting or leasing a space in a commercial neighborhood.
A three-wheeled vehicle known as a trike is frequently used as an alternative to motorcycles. Trikes are permitted in India as long as they adhere to specified regulations. A trike is required to have current registration, insurance, and a valid driver’s license under the Motor Vehicles Act. The tricycle must also adhere to all government-imposed safety requirements.
In Kenya, it is acceptable to modify a bike as long as the modifications don’t compromise the rider’s or other road users’ safety. The safety requirements established by the government must be met by any modifications made to bikes. Before being used on public roads, modified bikes must also be examined and approved by the appropriate authorities.
It might be difficult to haggle over a secondhand motorcycle’s pricing with a dealer, especially if you are unfamiliar with the market. You may haggle down the price of a used motorcycle using the advice below: Do your homework and find out the market price of the motorcycle you wish to purchase. Be certain and firm when haggling over the price, thoroughly inspect the motorcycle, and point out any flaws. • Make a lower offer than the dealer is asking for, and be ready to walk away if they don’t accept it.
Due to their scarcity, historical relevance, or performance, some motorcycles are becoming more and more valuable. Among the motorcycles whose prices are rising are: Yamaha RD350, Kawasaki Z1, Honda RC30, Ducati 916, Yamaha RD350, Harley-Davidson XR750, and Kawasaki Z1.
In Kenya, opening a motorbike parts store takes careful planning, market research, and a sizable amount of funding. You must create a business plan, register your company, choose a profitable site, and acquire the required licenses. Trikes are also permitted in India under specific conditions, while bike adaptations are permitted in Kenya providing they comply with the government’s safety criteria. Do your research before haggling over the price of a used motorcycle with a dealer, and be assured and forceful. Finally, the rarity, historical relevance, or performance of some motorcycles is causing them to appreciate in value.