Questions

1. Add a Facebook/Google+ page to bring the replacement market on one place 2. Set-up the webpage wherein sellers can post ads about their motorcycles and buyers can see the ads and comment. The webpage only facilitates the exchange 3. Identify a suitable financier to finance the motorcycle(there is no player currently in the market who finances pre-owned motorcycle) 4. Identify a service provider who will service the motorcycle. AMC and spare/servicing. Should have the ability to scale 5. Tie-up with Motor Insurance Company 6. Structure Operating Leases to potential customers on pre-owned bikes. Residuals will held by my company while the credit risk on the customer is on the financier's books. 7. Approach an investor to buy residuals once my savings run out. 8. Reveue streams- Commission on AMC, Insurance and Spares. Upside on selling price of End of Lease motorcycles 9. other revenue models could be- rentals, touring, on-road assistance, etc Thats pretty much the business plan i have. Can you please help me put the above pieces in the order that i should approach? Appreciate your advice and any other guidance

Sounds like you are pretty early on in this process. I think your two biggest hurdles are:

1) are there any regulatory requirement do this type of business ( it sounds to me like you are really a broker).

2) locate the financiers. Until you have those two items covered I am not sure how you can proceed with anything else.

Would be happy to discuss more if you are interested.


Answered 9 years ago

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