We all have wondered how much a local shop owner or an online store makes per month. Then, we develop our own business ideas and assess the income potential. After recently buying new tires from PitStopArabia tire shop in Dubai, I wondered how much they were making per month. Well, let's get straight to the point.
There
is no conclusive answer to this question and no way to find out unless the
online tire shop owner reveals the financials themselves. Instead of wasting
time determining the precise numbers, our focus will be on the revenue sources
of an online tire shop. These sources make it easier to calculate how much an
online tyre shop can make.
1. Google AdSense
A lot
of online tire shops opt for Google AdSense. In other words, Google uses your
website for advertisement purposes, while the website owner earns a percentage
of the revenue generated from the ads. The revenue from AdSense largely depends
upon your website’s traffic. eCommerce websites like online tyre shops see a
lot of organics and paid traffic. So, AdSense is a major source of revenue for
online tyre shops.
2. Advertising
If
you are running an online tire shop, it is quite evident that you have invested
in search engine optimization (SEO). Without SEO, you cannot reasonably expect
your website to rank for top keywords. When your website ranks high on the
search engine results page (SERP) for top keywords, you will see increased
interest from advertisers to use your website for advertising purposes. Many
online tyre shops rent out spaces on their website for advertisement. You can
charge a hefty amount for advertisements depending on your website traffic.
3. Guest Posts
The
third revenue source for online tyre shops is guest posting. Every reliable and
professional online tire shop maintains a blog page. They use it to communicate
with their target audience. Guest posting is integral to SEO and increasing a
brand's online reach. If your tyre shop is considered reliable, brands will
want to guest post on your website in exchange for a backlink. Most people are
willing to pay good money for guest posting. Therefore, online tyre shops owner
can set up guest posting as a revenue source. Our research reveals to us that
many have already done so.
4. Primary Product Sales
The
most obvious revenue source for any online store is the products that they
sell. In the case of an online tire shop, it is the tyres. For example, if
someone buys Kumho tires
from PitStopArabia, the money earned from it is a source of revenue. Similarly,
all other tire sales generate revenue for the online tire shop.
5. Secondary Product Sales
Most
online tire shops don’t focus on tyres alone. Instead, they offer other
products, too, such as tire cleaners, microfibre cloths, tire pressure
monitoring systems, tyre repair kits, and other automobile-related stuff. These
secondary products are another source of revenue for the company.
6. Services
Our
research reveals that most online tire shops are not confined to tires and
related products alone. Instead, they offer various other automobile-related
services, such as car repair, batteries, and even vehicle recovery. These
services allow the online tire shops to expand into territories and generate
greater revenue, enabling them to compete with ever-increasing competitors.
7. Affiliate Marketing
Lastly,
many online tyre shops engage in affiliate marketing. Due to their strong
online presence, they generate considerable online traffic. They use it to
their advantage by opting for affiliate marketing. They review or promote
products/services through their website’s blog section or social media
channels. When people complete a purchase, the online tire shop earns a
commission. Many blogs and website owners use affiliate marketing to improve
their income.
8. Other Commissions
Some
tire manufacturers provide incentives to retailers and distributors for meeting
targets. For example, an online tire shop sells 100 sets of Kumho tires monthly,
the monthly target. The manufacturer/distributor will likely provide an
incentive. The incentive can be in monetary form or any other.
Conclusion
This
concludes our article on how much an online tyre shop makes in a month.
Although we did not manage to come up with a precise number, we were able to
list the revenue sources. You can use this information to calculate an online
tire shop’s total monthly revenue.
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