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How to Become a Honda Motorcycle Dealer
Honda motorcycles fall under Honda's Powersports brand. Honda Powersports include motorcycles, All Terrain Vehicles, personal watercraft, and scooters. As a Honda Motorcycle dealer you'll sell parts and accessories. You're going to need to produce a large upfront investment.
Demonstrate high sales success, including a prior sales background, preferably in cars or motorcycles. Honda Motorcycle dealers are required to display a strong commitment to customer service. You must possess the ability to hire a strong and knowledgeable staff.
Decide whether to choose a new location or buy an existing location. As a Honda Powersports dealer you will have access to the most complete inventory of Honda Motorcycles available.
Get qualified. Provide Honda Powersports with your initial investment. Honda Powersports require anywhere between $500,000 and $2 million as an upfront capital investment. Fill out all necessary Honda Powersports authorized dealer forms. Make sure you have a lawyer or financial adviser read all documents with you.
Decide on your compensation program. Honda motorcycle dealers receive either a fixed percentage of every sale made or a revenue sharing compensation plan. If your capital needs are more pressing, a fixed percentage program may be your best alternative to see immediate returns. Consult with a financial adviser to determine which compensation plan is right for you.
Consummate the sale. As a dealer of Honda motorcycles you're required to undergo extensive ongoing sales training. You're also required to keep a trained staff of knowledgeable technicians who are familiar with Honda motorcycle parts and accessories.
Christopher Carter loves writing business, health and sports articles. He enjoys finding ways to communicate important information in a meaningful way to others. Carter earned his Bachelor of Science in accounting from Eastern Illinois University.