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Know what your target market rides and whether customers in this market prefer new or used parts. 1. Assess your potential competition. Document what all your competitors have to offer, their price points and locations. Decide whether your area needs a motorcycle-parts business. If not, choose a better location or identify a niche market that is not already saturated. It is possible that your area has plenty of existing Harley-Davidson-parts businesses, for instance, but not enough pocket-rocket or mini-pocket-rocket parts businesses. 2. Get your financial house in order. Decide how you will fund your motorcycle-parts start-up. You can use cash on hand, bank financing or venture capital, for instance. Explore the possibility of getting a credit line from key motorcycle-parts wholesalers. Usually, funding will be some combination of these methods. 3. Find reliable motorcycle-parts suppliers for the parts you plan to inventory and the parts you plan to special order for customers. Buy direct from the parts manufacturer for the best competitive advantage.

Whether selling new or used motorcycle parts, you need suppliers you can count on for good service. 4. Secure your initial inventory of parts. Decide which parts will be in greatest demand during the normal course of operating your motorcycle-parts business. Stock items such as bodywork, electrical parts, engine parts, frames and gas tanks. Know whom to call when the customer needs something you do not stock. Get what your customer needs quickly at a reasonable price, and you win the sale. Be prepared to shelve or merchandise these items attractively before the grand opening. 5. Obtain a business or occupational license. While there, inquire whether motorcycle-parts businesses must get any special permits for handling motor oil or other hazardous substances. 6. Cover your liabilities with adequate insurance. Consult your insurance representative for a business-liability policy that covers the unique situations encountered by a motorcycle-parts business, which can be rife with risks to both life and property, due to the nature of motorcycles.