Every business has its ups and downs, and the way you manage the challenges determines if you will fail or succeed. When it comes to Choosing a name for your business, you should be creative because the name you choose will go a long way to create a perception of what your business represents If you are planning to start your own car tracking business, below are some interesting names that you can choose from; Adequate Insurance policy is a very important aspect of a car tracking business. Do you want to start a car tracking business? The demographic and psychographic composition of those that need the services of a GPS car tracker is obviously private car owners, individuals and companies that hire cars for rent, public transporters, organized private sector, Corporate Executives, Business People, Car Dealership Shops, Government, Taxi and car rental companies, Haulage Companies etc. The car tracking business has a unique nature and you can’t just afford to start it with just any type of legal entity. Detailed driver report. The location of your business can also pose another challenge to the business, as your location could determine the kind of customers you attract. You must also ensure that you customize your customer service to meet the needs of all your customers. The Intellitrac My Cars Gen 3 is suitable for range of 12/24v vehicles including cars, vans and trucks. As a car tracking business owner, you need have a proper understanding of your competitors’ strength and weakness and also your customers’ demands in order to maximize profits and be a key player in the industry. Statistics show that the demand for GPS car tracking systems is on the increase due to its efficiency. Please reach out to an AT&T contact if you need a solution that tracks driver behavior. These help the site function better. To thrive in the car tracking business which has a lot of competitors requires consistent brand awareness and promotion to remain relevant to your target market. Whether you’re the owner of a single family car that is occasionally shared by family members or a fleet of company vehicles driven by an entire team of mobile employees, GPS trackers are a valuable tool for helping you keep track of your assets. It includes charts and graphs of your monthly variances. Some of the areas of specialisation in the car tracking business are as follows; It is advisable for you to specialize in more than one niche as it will prevent you from being left behind by your competitors who could gain more customers by offering more areas of specialization. Drop fliers and business cards in car parks, train stations, offices, libraries, public facilities, etc. This data gives us feedback on how you use our products and services, helps us develop promotional and marketing material more relevant to you, and allows us to connect you with apt content from third parties. The car tracking business can be a very lucrative business for any start-up entrepreneur because you don’t have to go through the challenges that come with manufacturing goods. Vehicle tracking utilises GPS (Global Positioning System) technology to provide businesses with a real-time location of their business vehicles. to monitor their company assets (vehicles, equipment, workers). Averagely you would need a minimum of 7 key staff members to start with, and you can increase the number as the business thrives. To register your trademark and protect your intellectual properties; you can go ahead to file for intellectual property protection. When it comes to starting a lucrative automobile business, then the car tracking business is an ideal business to consider. The emergence of GPS car tracking systems has made it very easy for fleet operators to comfortably manage their fleet of vehicles. However, if you intend to start up your car tracking business with the hope of expanding, then you would need to set up your business in a place that will favour it. With GPSWOX vehicle tracking, you can be at peace, knowing that your car – or pet, expensive equipment, child, spouse, or employee – is safe and in the right place at the right time. Vehicle tracking is not only used for keeping an eye on where trucks, lorries, vans and cars are, but is also used to collect valuable data about their business fleet. We Sell and install the best car tracker system available in the Nigerian cartracking industry. To get sales help from a Business Solutions specialist, please complete this form. Choosing a limited liability Company will also make it easier for you to file your tax returns as a corporation, partnership, or sole proprietorship. Aspenta’s Vectu Portable Vehicle Tracker. Providing the ability to track the location and movement of your vehicles across multiple lots in a vast number of locations, AMOC allows you to establish geofencing to determine if your vehicles are where they're supposed to be or outside of pre-determined boundaries. We also took it further by analyzing and drafting a sample car tracking marketing plan backed up by actionable guerrilla marketing ideas for car tracking businesses. Discuss with an Agent to Know the Best Insurance Policies for You, 10. There are several issues you would need to consider when choosing a location for your car tracking business. Whatever decision you make as regards starting from scratch or buying a franchise, you are going to have to deal with the merits and demerits that come with it. Steady growth is expected in the Automobile industry of which GPS car tracking services is a part of, especially in developed countries such as United States of America, United Kingdom, Germany, Australia, Canada and Italy. One of the most important factors to consider is how to distinguish your business from other competitors based on the strategies you intend to put in place. Develop Iron-clad Competitive Strategies to Help You Win, 18. The Spytec STI GL300MA uses an app you can download to your smartphone, tablet, or computer that gives you real-time GPS tracking with the ability to set up a geo-fence. Another way to increase customer retention is to offer discounts and give different kinds of incentives to your customers. Others that require the services of a GPS car tracker are young adults, senior citizens, working class, and all those that are financially able to procure a GPS car tracking device and new car owners. Aspenta’s Vectu tracker is another good GPS option. The LLC is also popular because it comprises of the partnership and corporation legal structure so that both benefits could be enjoyed. Your ability to anticipate and provide excellent services will help to guarantee your customer’s satisfaction and help your business to stay on top among your competitors. Therefore, you must ensure you set up a Business model that would make you the leading car tracking business in your location. There are several options for attaching or inserting a device. The car tracker makes it easier to run a public transport service company. As a small and start-up car tracking Company, your best shot at thriving in the business is in ensuring you provide a standard and well equipped GPS car tracking installation and maintenance service; and also build a relationship with your local customers, corporate clients and individual clients. Find the top 100 most popular items in Amazon Electronics Best Sellers. Detrack is smart, affordable and very … One of the ways to stay competitive in the industry is to continue to make available safe, quality, efficient and affordable car tracker services for your clients. This is why you need to prepare a solid business plan to finance your business. Check Latest Price. Also, ensure that you create an attractive and unique selling point that will make your customers notice you. Our data analytics gives you the advantage to boost your business with the right decisions, optimize operations and get more jobs done. Here are some of the basic insurance policies to consider when starting your car tracking business; You will need to protect some of your hard-earned intellectual property rights which include your business logo, jingles, banners and other things that people can use to impersonate you and your business. However, if you are planning to buy any franchise, ensure you carry out a thorough research on the top companies offering such franchise services and decide which would be the best option for you and would also generate profit for you. Here are some of the well-known brands in the car tracking business in the united states: Before venturing into your car tracking business, you will need to carry out a feasibility study. There is no company in this industry that can boast of having the leading market share. You don't need to break your bank account before you can start a car tracking business. GPS tracking also helps businesses save money as many car insurance companies offer special reduced rates for companies utilizing vehicle tracking technology since the safe recovery of a vehicle equipped with a GPS tracking system is 99.99%. In every industry, there are always some brands that are well-known because they have been used over time and people have a good testimony about them. On the average when it comes to starting a car tracking business, you would need to employ the services of the following; Chief Executive Officer (you can occupy this position), GPS Car Tracker Installation and Repair Engineers / Technicians, Admin and HR Manager, Accountant, Transport and Logistics Manager, Marketing and Sales Executive and Customer Care Executive/Front Desk Officer. Know where your vehicles are in near real-time. One of the best approaches is to liaise with auto insurance companies and offer to become their vendors. Get the Necessary Legal Documents You Need to Operate, 14. You are expected to have different categories of car tracker which your customers can choose from depending on their financial capability. Providing the ability to track the location and movement of your vehicles across multiple lots in a vast number of locations, AMOC allows you to establish geofencing to determine if your vehicles are where they're supposed to be or outside of pre-determined boundaries. With the relative ease of starting up this business, it makes it easier for competitors to spring up in your business location. Get the Necessary Professional Certification, 12. Your corporate identity has to do with you building a profitable and lasting business. In choosing the location for your car tracking business, your client’s interest must be placed first. When conducting the economic analysis for your car tracking business, you will need to critically examine these 3 P’s namely; place, pricing and promotion. No. Traccar is the leading GPS tracking software. Introduce your car tracking business by sending introductory letters along with your brochure to transport and logistics companies, corporate organisations, households and key stake holders. Know the Possible Threats and Challenges You Will Face, 7. Conduct Market Research and Feasibility Studies, 4. Do I need to attach this device to a vehicle for it to work? All other marks are the property of their respective owners. Another thing you need to consider before starting this business is your source of finance. The system can be used to track, trace, evaluate and create greater efficiencies within your fleet. Choose a Suitable Location for your Business, 15. This solution tracks the location of a vehicle via a slap and track device that is temporarily attached to the car. Below are some of the basic legal documents needed to run your car tracking business in the United States of America; The success of every business hinges on how you can get finance to start up the business. 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