Business Idea

Start An Automatic Efficiency Center

About

Starting an automatic efficiency center requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$7.96B
starting costs
$19.1K
gross margin
90%
time to build
7 months

About

Starting an automatic efficiency center requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$7.96B
starting costs
$19.1K

 

gross margin
90%
time to build
7 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $40 $2,350
Employee & Freelancer Expenses $0 $4,000
Equipment & Supply Expenses $500 $5,000
Website Costs $232 $6,425
Business Formation Fees $600 $4,700
Software Expenses $162 $2,894
Advertising & Marketing Costs $0 $1,400
Other Expenses $0 $800
Total Startup Costs $1,534 $27,569

Successful Businesses

Business URL Rank
Audi audiusa.com #8,548
Hennessey Performance hennesseyperformance.com #119,250
Borla® borla.com #203,161
AMSPerformance.com amsperformance.com #239,079
Mickey Thompson mickeythompsontires.com #273,015
Truck Tires, Car Tires, SUV Tires, & More bfgoodrichtires.com #276,688
IAG Performance iagperformance.com #330,200
OK4WD – OE, 4x4, and Performance Specialist for Cars, Jeeps, Trucks, and SUV’s! ok4wd.com #346,692
High Performance Academy hpacademy.com #356,612
Macs Auto Parts macsautoparts.com #441,626
Chevrolet and GM Performance Parts for your Hot Rod, Car, or Truck gmperformancemotor.com #461,087

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a automatic efficiency center costs significantly less money than most businesses, ranging anywhere from 1,534 to 27,569.
Rewarding work Starting a automatic efficiency center can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs To get your automatic efficiency center started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Cons Description
Crowded Space Competition is high when it comes to your automatic efficiency center, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process A automatic efficiency center can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent As a automatic efficiency center, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits With a automatic efficiency center, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a automatic efficiency center, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a automatic efficiency center, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct sales

    You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.

    Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.