Start a cell phone repair business by following these 10 steps:
- Plan your Cell Phone Repair Business.
- Form your Cell Phone Repair Business into a Legal Entity.
- Register your Cell Phone Repair Business for Taxes.
- Open a Business Bank Account & Credit Card.
- Set up Accounting for your Cell Phone Repair Business.
- Get the Necessary Permits & Licenses for your Cell Phone Repair Business.
- Get Cell Phone Repair Business Insurance.
- Define your Cell Phone Repair Business Brand.
- Create your Cell Phone Repair Business Website.
- Set up your Business Phone System.
Full Answer
Is it hard to start a mobile phone repair business?
With the increasing number of smartphones, the industry of cell phone repair shows a lot of promise and a good future. Obviously, as a businessman in this field, you stand to gain more than a mobile phone repair technician would. But, for people with less financial resources, it isn’t easy to start your own mobile phone repair center from scratch.
What licenses do I need to open a cell phone repair shop?
No special licensing is required to open a cell phone repair shop, but there are some of the general local, state, and federal business registrations such as a state sales tax permit, Employer Identification Number, and Occupancy Permit, among others. Related: Common business licenses, permits, and registrations by state Step 6: Find Financing
Where should a cell phone repair shop operate?
Some cell phone repair shops operate as kiosks in a mall or other heavily trafficked consumer center. These can be more cost effective, but may not have the storage area needed for your business, as it expands and grows. Some businesses operate out of a home and reduce much of the overhead associated with a brick and mortar location.
How to survive as a cell phone repair company?
Surviving in the business world as a cell phone repair company requires more than, your expertise, knowing how to deliver standard repairs and maintenance but also how to network with key people that matters; decision makers that can decide who will get a cell phone supply, repair and maintenance contract.
How do I start a cell phone repair shop?
Start a cell phone repair business by following these 10 steps:Plan your Cell Phone Repair Business.Form your Cell Phone Repair Business into a Legal Entity.Register your Cell Phone Repair Business for Taxes.Open a Business Bank Account & Credit Card.Set up Accounting for your Cell Phone Repair Business.More items...•
How profitable is cell phone repair business?
When you start a cell phone repair business, you might see a profitability rate between 80 and 100%! If you charge an average of $75 per repair and do 15 repairs each week, your weekly gross earnings will be $1,125. With an 80% margin, your weekly profit would be $900.
How much does it cost to start a cell phone company?
Expect to use anywhere from $25,000 to $100,000 in startup capital to prepare your retail storefront.
How can I make money by fixing my phone?
4:476:36How to MAKE MONEY fixing Phones- Flipping cell phones - YouTubeYouTubeStart of suggested clipEnd of suggested clipSomething make it beautiful bring it back to life for someone else to use remember reduce reuse andMoreSomething make it beautiful bring it back to life for someone else to use remember reduce reuse and recycle. Not only can you flip them and sell them to others and make a little bit of a profit.
What tools do you need to start a phone repair business?
So, here is a list of repair tools that you must-have for your cell phone repair business.Nylon Spudger.Fine Tipped Curved Tweezers.Screwdriver Kit.Plastic Triangle Opening Tool.ProtectionPro Kit.Precision Knife Set.Anti-static Brush.Suction Cup Pliers.More items...•
How do I start a cell phone business from home?
1:079:207 Businesses You Can Start with Your PHONE - YouTubeYouTubeStart of suggested clipEnd of suggested clipThe first business that you can start with just your smartphone is a resale business you canMoreThe first business that you can start with just your smartphone is a resale business you can purchase items off of Craigslist. Or garage sales or at thrift stores.
How do I become a cell phone provider?
5 Steps To Become A Cell Phone DealerFind Good Location.Apply For Business License.Inspect Wireless Carrier In Your Area.Find Master Dealer.Click here to become a cell phone dealer.
Are cell phone stores profitable?
An typical cell phone repair business might earn between $50 and $65,000 per year, with more earning possibilities as you grow. When you first start a cell phone repair business, you may see a profit margin of 80 to 100%!
Can you make your own cell phone service?
Matthew May and Brendan Harlow, students at Vermont's Champlain College, were able to build their own cell network that works independently of a carrier. The gist of the setup is that a Raspberry Pi is connected to an SDR (software-defined radio) device, which creates a signal that a cell phone can connect to.
Is phone repair a good side hustle?
Being a cell phone repair technician is one of the highest-earning side hustles nowadays. For starters, it's a field that doesn't take a lot of money and time to get into. And the best part is that it delivers impressively high ROI.
How much can you make fixing iphones?
Cell phone repair income comparedJOB TITLEAVERAGE ANNUAL INCOME (rounded)Cell phone repair tech (repair & retail stores)$19,000 – $48,000Mobile cell phone repair contractor$15,000 – $45,000Independent phone repair business$20,000 – $80,000+Phone repair franchise$80,000 – $190,000+
What is phone flipping?
For the uninitiated, “flipping” is when you purchase a phone at one price, then sell it for a greater price (buy low, sell high). Here, we introduce you to the cell phone flipping business and presents tips for profitable flips. Did You Know? Flipsy Local helps you flip more phones at high margins. See how it works.
What is the future of mobile repairing?
Mobile Repairing as a career They earn a good income in replacing LCDs and charging ports and fixing other problems. Working as a mobile phone repair technician yields a good salary and there are also plenty of jobs in the market for mobile phone repair technicians.
How much money does a mobile shop business make?
Although a good performing Mobile Shop makes an average net profit of 20% on its daily sales, 80% of those who get into this business close their Mobile shop in less than 2 years due to losses and cash-flow problems.
How much do cell phone store owners make?
Let's look at the numbers, depending on where you operate salaries will vary between $8 per hour and $20 per hour. A cell phone shop owner doing $150,000 yearly can expect to drop at minimum of $24,000 – that's $2,000 monthly – on salaries.
Are cell phone stores profitable?
An typical cell phone repair business might earn between $50 and $65,000 per year, with more earning possibilities as you grow. When you first start a cell phone repair business, you may see a profit margin of 80 to 100%!
Due to the spread of the coronavirus, is this business essential?
Yes. Based on current information across multiple states with emergency orders, this business provides essential goods and services.For more inform...
What are the costs involved in opening a cell phone repair business?
Depending on the location of your shop, most of the costs involved for the startup will be rent and utilities. Some cell phone repair shops operate...
What are the ongoing expenses for a cell phone repair business?
Other than rent and utilities, if you have a brick and mortar, most costs will be generated from buying parts and supplies for the actual repairs....
Who is the target market?
Your target market is technology consumers. To be specific, you’re gunning for the savvy tech user, who understands how a repair can save them time...
How much can you charge customers?
Repair and upgrade prices will vary, depending on the make and model of the device. An average cost for a broken screen, for instance can start aro...
How much profit can a cell phone repair business make?
An average cell phone repair business could net profits in the range of $50-65,000, with greater earning potential, as you continue to become more...
How can you make your business more profitable?
Many cell phone repair businesses expand to include repairs on all kinds of tech gadgets. Gaming systems and music production equipment may also be...
Is this Business Right For You?
Individuals possessing an attention to detail, technical proficiency, specifically regarding electronics, as well as small business acumen, will fi...
What happens during a typical day at a cell phone repair business?
Since most cell phone repair shops and businesses make the majority of their money from the repairs performed on cell phones and similar devices, t...
What are some skills and experiences that will help you build a successful cell phone repair busines...
Fortunately for entrepreneurs looking to make cell phone repair a successful business venture, there is very little overhead or start-up cost invol...
How to have a profitable cell phone repair business?
He says if you focus more on what the customers want , and less about what you want, you’re going to have a profitable cell phone repair business. You need to understand the consumer—what are they willing to pay for, and how much are they’re willing to pay for it . Once you determine that number, it’s going to be a lot easier to know what value you have in the marketplace. This will make you SO much more confident about your marketing efforts.
When you start a cell phone repair business, are you going to be a company of one?
When you’re just starting out with your cell phone repair business, you’re probably going to be a company of one.
How much does a cell phone repair business make?
However, many cell phone repair businesses have HUGE profit margins.
What is the only way to operate a repair shop at optimal levels of efficiency?
For Joe, starting out organized and staying that way is the only way to operate a repair shop at optimal levels of efficiency.
What is Joe's gaming and electronics?
He owns a business that buys, sells, and repairs brand name electronics—including cell phones. The name of his business is Joe’s Gaming & Electronics. In just three short years, he turned his business into a multimillion-dollar empire with 30 employees. Here’s a photo of him and his team:
Why did Joe get into business?
Joe got into business because he loves to help people. Here’s what he has to say about that:
Can you make a profit from repairing a cell phone?
You might find yourself hitting a profit ceiling if repairing cell phones to good working order is the only service you offer. If that happens, think about branching out from cell phone repair and offer other things to your customers. For example, you can be like Joe, who, in addition to cell phone repair, fixes Fitbits, speakers, headphones, iPads, and more.
What is cell phone repair?
Common phone repairs include screen repair and replacement, battery replacement, button , and headphone jack repair, and camera repair, though you’ll probably see plenty of other issues while in business, too.
What skills are needed to start a cell phone repair business?
Business skills. Some business skills will also be necessary for starting and managing a cell phone repair business. It’s important to set appropriate prices, manage supply inventory, market the business, and more.
What is the most important skill in repairing a cell phone?
Cell phone repair experience. Possibly the most important skill in getting this business off the ground is experience repairing cell phones. The ability to troubleshoot problems, replace broken parts, and repair various cell phone models and brands are essential since customers expect a repairperson to be knowledgeable, talented, and fast. Some people acquire these skills through experimentation and by teaching themselves about repairs, but there are also various courses (both online and in-person) that offer more formal education in cell phone repair.
Why are cell phones so popular?
Because smartphones continue to become more common, we’ ll likely continue to see an increased need for cell phone repair, especially as these phones are more expensive and warrant repairing rather than replacing. According to Statista, there were 1.52 billion smartphones sold worldwide in 2019 alone.
How much profit does a cell phone repair business make?
Most of the costs are in parts and labor, and the option to offer a mobile service instead of a brick-and-mortar store can further cut startup costs. In some cases, you may see profit margins between 80% and 100% on particular repairs depending on the phone’s brand as iPhone repair parts are generally less expensive than Android based phones.
What is the target market for cell phone repair?
Simply put, the target market for a cell phone repair business is owners of damaged devices that are new and expensive enough to justify repairing rather than replacing.
Why is customer service important?
Good customer service is also key to successfully running your business. Customers will come to you frustrated and possibly worried about being able to retrieve data from their phones. In some instances, you may have to break the news that their data is lost or their phone needs an expensive repair.
Where should a cell phone retail store be located?
For instance, a cell phone retail business requires that it’d be located in a place that has a high amount of traffic like a mall, or gaming house. Different classes of people visit the mall, and while you might likely have more competition in the mall, your unique business positioning as well as how attractive you make your cell phone business, will determine how many people will visit your store.
Why is there a change in the structure of cell phones?
This is due to the fact that there has been a positive change in the design and functionalities of cell phones which has led to an increased cost.
What is important when starting a business?
When starting your business, it is important to note that where you intend to locate the business might make or mar the business. If you own a cell phone retail business for instance, it would be disastrous for your business if you cite the business in an area without much traffic, like in a suburb, you would rarely have people patronizing your business.
What is a cell phone?
A cell phone is a mobile gadget that has upped the ante in the field of technology and therefore it is a field that has brought about much competition to both entrants and established businesses. To run this kind of business successfully, you would need to remain proactive as regards the carriers that you sell to the customers. Ensure that your company carries only the best,
What age group do people use cell phones?
The demographic and psychographic composition of those that use cell phones include professionals, students, the general public, children in age groups of between 10 and 17, as well as service organizations and other companies that need to be in touch with their employees and clients.
How to promote your business?
Advertise your business in online and offline directories. Advertise your business via the media, local newspapers, radios and televisions. Participate in school award shows as a way of promoting your business.
Do you need equipment for a cell phone business?
Hire Employees for your Technical and Manpower Needs. If you are operating a cell phone retail business, then you really do not need equipment in carrying out your business. However, most of what will be used in your cell phone business can be purchased second hand except for the phones themselves.
We have what you need!
At CellBotics we offer training on how to fix both hardware and software issues relating to iPhone, Samsung, HTC, LG phones, iPads, and other tablets. These training’s are carefully crafted to suit the different categories of repair. Trainees would be given the option of opting for either online coaching or offline coaching.
Invest in your future
All you need do is invest an average of $3,000 or less and go on to make up to $6,000 every month fixing, refurbishing and upgrading phones and tablet either in your spare time or as a full-time business.
How to increase the appeal of your cell phone repair business?
For example, you could either collect the spare parts from the supplier, or they could deliver it to you. You could also offer pick-up and drop services for mobile phones to increase the appeal of your cell phone repair business.
What is the best way to work comfortably?
A table and chair of appropriate height are essential to help you work comfortably. Your garage or guest bedroom should be a great fit for this. Otherwise, you can use your own room and desk as well.
How to advertise offline?
For offline advertising, you can distribute flyers door to door in your neighborhood. Try to use small advertising banners or standees if possible. Also rely on your friends for word of mouth publicity.
Do you need to document repairs?
Thus all your repairs will need to be carefully documented. For this purpose, it is best to consult a related lawyer/consultant. That way you can ensure that you don’t face any legal problems later.
Do you need spare parts for hardware repair?
When it comes to hardware repair, you will always need spare parts to replace a few malfunctioning ones. These parts will vary from one model to the other. So it is important that you remember to categorize properly and store them carefully to avoid mixups.
How much is the cell phone repair industry?
According to business industry research company IBIS World, the cell phone repair industry is a $4 billion business in the U.S., and it’s expected to continue to grow. There are no major players with more than 5 percent of the market. In fact, many businesses who do cell repair are ...
What is the website that fixes cell phones?
ifixit – The ifixit website includes an incredible number of easy-to-follow instructions on how to fix specific cell phones. Once you understand the basics, this is an invaluable resource.
How long is MD wireless training?
MD Wireless offers a four-day training course. The hands-on instruction covers basic repair for different types of cell phones, a day devoted to iPhones, an introduction to microsoldering and information on how to set up a business, create a business plan and get parts. The classes are small, and the tuition is $1,000.
What is the most important thing in the cell phone repair business?
Spare Parts . Availability of spare parts at hand is the most important thing in the cell phone repair business. You will be able to provide quick service only if spares are at hand. If parts are not available, you will not be able to fix.
How to get more customers for my business?
This will help you reach a higher number of people. Submit your business to other local directories and post ads in classified websites to increase your chances of getting more customers .
How to increase the number of customers you have?
The previous point talked about increasing the number of customers that you have. One easy way to do this is to offer more services or sell more products. This will help you get into other markets as well and make profits there as well.
How to get sales to go up?
If you want your sales to go up, you will have to ensure that more customers come to you. A sure shot way of doing this is to ensure that more people know about your business and services. To do this, be more aggressive in your advertising you do. If you do this effectively, people from far and wide will come to avail your services. Also dont forget to ask your customers for referrals.
How much does RepairShopr cost?
RepairShopr – They have many pricing options starting from free to $299 per month.
Why is location important in a service center?
1. Location. Location is one of the most important aspects of a business to be successful. It can decide how successful your business will be in the future. Location of your service center should be in such a manner that it is easily accessible to both residential and office going people.
Do cell phone repair businesses need automation?
If you want your business to be a professional one, automation of the entire process is necessary. There is a lot of exclusive software available for cell phone repair businesses which cover stocks of spares, repair status, profits/losses, inventory and many more. Some of them also have the option to send automated text messages to clients informing them about the progress of the handset given in for repairs.
What was the team of business consultant doing for Ariel Cell Phones Repair Shop?
Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Ariel Cell Phones Repair Shop, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Ariel Cell Phones Repair Shop, LLC:
What is Ariel Cell Phones Repair Shop?
Ariel Cell Phones Repair Shop, LLC was established with the aim of maximizing profits in the cell phone repair services industry.
Why do people use cell phones?
Cell phones are used for several purposes; basically, people make use of cell phone to keep in touch with their family members and friends and for conducting their businesses et al. Some people have more than one cell phone which are used for different purposes, such as for business and personal use.
Why are cell phones important?
Cell phones are a very essential commodity that nearly every one owns. This is because of the need to keep in touch with people and be abreast with things. This is essentially one of the reasons why there has been the emergence of various cell phone companies.
What are the challenges of the mobile industry?
One challenge that might confront players in the this industry is that in the coming years, rapid technological change, the falling price of cell phones and of course rising family and individual incomes are expected to encourage the replacement of mobile devices as against repairing them when they are damaged.
Where is Ariel Cell Phones located?
We have been able to secure a standard and well – positioned office facility in a central business district in Los Angeles – California. We are a cell phone repair company that is set to compete in the highly competitive cell phone repair services industry not only in Los Angeles – California, but also throughout the United States market.
What is the future of a business?
The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.
