Going Freelance In The Motor Industry? Here’s What You Need To Ask Yourself

There’s a certain appeal to working for yourself. Taking the leap and going freelance is a risky and scary prospect. At the same time, it is a rich and fulfilling pursuit. It gives you the freedom to be your own and boss and work the way you want to. For those who are obsessed with cars and all things motoring, the auto industry has plenty of freelance options. If this is something you are considering, congratulations! It’s a big step to take and not without its difficulties. With this post, we’ll help you find your way.

What experience do you have? This is the first question to ask yourself when deciding where to focus your efforts. Like we said, there are tons of avenues when it comes to freelance auto work. Freelance mechanics make a good living all across the country. The same is true for good valet services and breakdown recovery startups. Buying and selling cars is another fruitful opportunity if you’re a great salesman. Look at where your skills and experience could take you.

3

source

What is your budget and what are your startup costs? Unfortunately, most auto trades require a level of startup investment. A mechanic needs his tools and a fully kitted garage. Breakdown startups need recovery vehicles and tools. Fledgling dealers need that first car to sell. There are plenty of other hidden costs to consider too. You’ll need to think about containing the operating overheads throughout your business. Set a budget of what you will need to get started, then make a plan to find the money. Perhaps you have some savings built up that could be put to use. There may be investors willing to back you here too.

How will you get those first few customers? The hardest part of any new businesses is securing the first customers. The best place to start is your local area. Before you set up your business, speak to friends and family for any initial leads. Put up posters and deliver leaflets offering your services. When it comes to cars, people are more inclined to trust local services. You can also use social media to target local people who are looking for your skills.

What’s your business plan? Once you’ve picked up those first few customers, what’s next? How do you want to grow the business? Think about how much work you can take on every week and whether you’d like to expand in the future. Do you see yourself upgrading your premises or employing additional workers? Start to think about the potential of the business and write it all down in a business plan.

Don’t forget to register as a business. Just like any other business, freelancers need to register with the inland revenue. You’ll need to file your own tax returns and do your own accounts. It may be worth hiring an accountant to take care of this if you’re not confident with it.

If you can comfortably answer each of these questions then you’re all set to get started. The freedom and fulfilment of self-employment is yours for the taking. There’s nothing better than turning your passion into a career!

 

About the author:

. Follow him on Twitter / Facebook.