Both Imad Hammad and Ali Malik believe in buying used cars over a new one. The entrepreneurs say, “Used cars have a better value in the current market. You can often find cars that are in great condition, under manufacturer warranty, and comprehensively insured throughout their lifetime.” However, they know that there was a fair share of horror stories in the used car industry. That’s when the idea stemmed for the entrepreneurs to form the company, CarSwitch; an online marketplace for cars where a buyer can purchase a car from the seller directly, which not only maximizes value, but also is a marketplace that assures the condition of the car and professionally handles all the paper work as well.
CarSwitch.com provides an online portal that contains detailed pictures and inspection reports for every car that can be reviewed even before you leave your home.”
A robust marketplace
The entrepreneurs say, “CarSwitch.com provides an online portal that contains detailed pictures and inspection reports for every car that can be reviewed even before you leave your home.” If a customer still wishes to see the car in the real world, a CarSwitch.com specialist joins the individual and educates him/her on the condition of the car, helps them secure insurance, financing and even walks the individual through every step of the ownership transferring process. The cherry on top for every customer is that CarSwitch warranties the condition of the car as well. All this will cost absolutely nothing for a customer. Where else are you bound to find a sweeter deal than this?
Starting a business, particularly at a scale required of a marketplace, at an aggressive pace, under a tight budget, with scarce resources, is an incredibly challenging task.”
Jumping over obstacles
Having had to build such a robust structure in the used car industry, the entrepreneurs were bound to have had hardships and barriers that needed to be overcome. The passionate businessmen have sketched out the CarSwitch.com concept with an ambitious aspiration that one day revolutionizes the buying and selling of used cars to have solely an E-commerce experience. They say,” Starting a business, particularly at a scale required of a marketplace, at an aggressive pace, under a tight budget, with scarce resources, is an incredibly challenging task.” From catering to a fairly large market place, to managing logistics, and taking care of all the legal, administrative, financial problems, amongst other barriers, are not easy tasks. The duo however overcame each and every obstacle, and is now in the position to advice and mentor other budding entrepreneurs on the tricks of the trade of being successful in the business world.
Passing on their wisdom
The entrepreneurs believe that getting out of one’s comfort zone and jumping into the unpredictable journey of entrepreneurship is the first step in building an empire of your own. Action is crucial and discipline is mandatory for a business to drive past obstacles and achieve its goals. Although unpredictable, the duo’s entrepreneurial journey has already unveiled a new realm of reality and has made both of them, stronger individuals, equipped to take on any challenge that business of life throws at them.