How To Start A Cell Phone Repair Business
- Plan Your Business. A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns.
- Form A Legal Entity. Establishing a legal business entity such as an LLC prevents you from being personally liable if your cell phone repair business is sued.
- Register For Taxes. You will need to register for a variety of state and federal taxes before you can open for business.
- Open A Business Bank Account & Credit Card. Using dedicated business banking and credit accounts is essential for personal asset protection. ...
- Set Up Business Accounting. Recording your various expenses and sources of income is critical to understanding the financial performance of your business.
- Obtain Necessary Permits And Licenses. Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.
- Get Business Insurance. Insurance is highly recommended for all business owners. If you hire employees, worker’s compensation insurance may be a legal requirement in your state.
- Define Your Brand. Your brand is what your company stands for, as well as how your business is perceived by the public.
- Establish Your Web Presence. A business website allows customers to learn more about your company and the products or services you offer.
How to start a refurbished cell phone business?
- If you plan to lease a location:
- It is generally the landlord’s responsibility to obtain a CO.
- Before leasing, confirm that your landlord has or can obtain a valid CO that is applicable to a cell phone repair business.
- After a major renovation, a new CO often needs to be issued. ...
- If you plan to purchase or build a location:
How to start an iPhone repair service business?
iPhone Repair Business Start-up. After you have decided that you want to start an iPhone repair business the first step is to learn the repairs. It is easiest to do this by buying a broken iPhone so that you can practice on it and not worry about breaking one of your customers phones.
How to start a mobile phone unlocking business?
- Identify where your customers are going.
- Become a member of these groups and just read for a few hours. How do they talk? What problems do they have? You’ll find some common trends.
- Start by asking questions on people’s posts.
- Don’t be afraid to make some posts asking for some feedback.
How to start an answering service business from home?
They may include:
- Incoming Message Services, both during and after normal business hours
- Complete Answering Service where customers believe they are calling the actual business office
- 800 Number Service
- Order Taking Service, where customers call in to order a specific product or service they have seen advertised
How profitable is cell phone repair business?
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 well-known and successful.
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...•
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 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 mobile technician?
So In Short How to Learn Cell Phone Repair?Complete your academic education.Get familiarized with smartphones.Enrol into a cell phone repair course.Buy tools and some dead phones to practice.Gain experience.Take assistance from internet.
How much does it cost to open a cell phone store?
$25,000 to $100,000A cellphone store needs displays with proper electric and internet accessibility. Expect to use anywhere from $25,000 to $100,000 in startup capital to prepare your retail storefront. If you don't already have this, look at small business loans or other private financing options.
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.
How much can I 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+
How do I set up a phone shop?
Follow these steps to start a phone selling business in Nigeria:Conduct a feasibility study. Go to town and do a feasibility study of this business. ... Choose the right location for the business. ... Write a business plan. ... Source for Capital. ... Register the business. ... Tax registration. ... Open a business bank account. ... Buy phones.More items...•
Can I create my own mobile network?
Just about anybody can create an inexpensive cellular base station that routes calls all over the world. The task of running a cellular network has usually been reserved for major carriers.
What business can I do with my small phone?
Start a Business on Your PhoneApp Developer. Mobile apps have become incredibly popular. ... Vine, Instagram or Snapchat Marketer. ... Event Planner. ... Chatbot Developer. ... mCommerce Seller. ... Consultant. ... Tech Support. ... Videographer.More items...•
Is selling phones a good business?
A good goal to start with might be ten phones per week (two per business day) with an average profit margin of $50. At that rate you could make $500 per week flipping phones, which amounts to $2,000 per month and $24,000 per year. Double that to four phones per day, and you can make $48,000 per year.
How do I become a phone seller?
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.
How do I start a mobile selling business online?
How To Sell Mobile Online: Getting Started With Your Online Business?Preparing Product Catalog for Your Mobile Phones. Deciding the Categories. ... Getting Your Ecommerce Website Ready.Payment Method To Sell Mobile Online.Ecommerce Shipping Tips For Your Online Mobile Store.Driving Traffic and Sales to your Online Store. SEO.
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 much does it cost to start a cell phone repair business?
You can start a mobile cell phone repair business for about $2,400. Costs include a website, cell phone repair tools, and cell phone repair training.
Is a cell phone repair business profitable?
A cell phone repair business can be very profitable since the demand for your services will be high. You just need the proper training so that you...
Do I need a license to start a cell phone repair business?
ou may need various business licenses and permits at the state and local levels. Check with your local governments for requirements or visit MyCorp...
How can I learn to be a cell phone repair technician?
You can take cell phone repair training and get a certification through the Cellular Repair School. Courses cost about $400 and the program can be...
What tools does Joe use for soldering?
Joe uses Hakko for all his soldering equipment. As for other types of tools, see what repair industry professionals recommend and buy those. As you grow your cell phone repair business and have a little more money in the bank, you’ll be able to afford fancier tools to do fancier repairs with.
What is a Kanban card?
Joe put something called a “Kanban card” in every box of parts. “Kanban” means “signboard” or “billboard” in Japanese. Joe and his employees place these Kanban cards exactly at the point in the box when more inventory needs to be reordered.
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:
What is the T-1000 robot made of?
This was the prototype Terminator sent by Skynet and made from something called a “mimetic polyalloy.”
Do you need a shoestring budget to repair a cell phone?
You only need a shoestring budget to fund a cell phone repair business because you only need a minimal amount of inventory and tools. Here’s Joe again on how he funded his own company:
Do I need a college degree to start a cell phone repair business?
Starting a cell phone repair business doesn’t require an expensive college degree or a formal training course. Sure–you can go to a cell phone repair school or a technical institute, but you don’t have to. That’s because everything you need to know about mobile repair you can learn from YouTube videos.
Is Repairing Cell Phones a Good Business?
It’s common when starting a business to wonder whether the business idea is good or not, but it’s never a matter of good or bad. Instead, a good business idea solves a problem for others, and makes money as a result.
How Profitable is a Cell Phone Repair Business?
Profit is an equation with three main levers: sales volume, price, and expenses. The cell phone repair business requires tools like:
How much can you make Repairing Cell Phones?
How much you can make as a cell phone repair business will vary. You may be a business owner that is bold and willing to tell others about your service, and if you’re aggressive with selling your service, you’ll make much more than someone who doesn’t market and sell their service.
How to Start a Cell Phone Repair Company – Step-by-Step
Now, if you’re ready to get started growing your cell phone repair business, these are the recommended steps:
Conclusion
Starting a cell phone repair business can be a very lucrative way to make money and have location freedom. You can offer cell phone repair services virtually, and start with fairly low overhead costs. Get started with our free business planner, and begin getting clear about your goals.
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 ...
Is cell repair a business?
In fact, many businesses who do cell repair are small shops or single proprietors. It could be a good business for the right person.
How much does 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 well-known and successful.
What is an LLC for cell phone repair?
Establishing a legal business entity such as an LLC prevents you from being personally liable if your cell phone repair business is sued. There are many business structures to choose from including Corporations, LLCs, and DBAs.
How much does it cost to fix a broken phone screen?
An average cost for a broken screen, for instance, can start around $75 but can climb to as much as $300. As stated before, make sure your prices are competitive, but remember that a repair on a $1000 phone will still be much more affordable than replacing the phone altogether.
Why do businesses have websites?
A business website allows customers to learn more about your company and the products or services you offer. You can also use social media to attract new clients or customers.
How to build a healthy business?
As mentioned previously, customer reviews and referrals can be some of the most important aspects of a healthy business. Develop business relationships with your customers. Don’t over-promise what you can’t deliver. And don’t make your prices too low, simply to attract customers.
Why is it important to record expenses?
Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.
What is a strong brand?
Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.
1. Sign up for a CellBotics
Before you start you cell phone repair company, you need to get the basics right. Sing up at CellBotics, and you will get trained on how to run the business properly. At CellBotics.com you get to learn from the experts on what you are supposed to do so that you can achieve the best results when running the business.
2. Decide on a budget
Of course, you need some funds to start the business. There are some tools you will need to buy and if you want a location, you need funds to pay for space. We do teach you howe to start mobile, from home or fixing at local places. When you decide to start from your home, you will have to start with around $1000-$500.
3. Buy proper tools
There are several tools you need to start a cellphone repair shop. You can check out CellBotics on YouTube for suggested tools. The channel has several tools you will learn on how to use in class. You will need tools such as a fluke multimeter, micro tips, an antistatic mat (ESD Mat), and a nice name-brand tool kit.
5. Start a website, only if you plan to do SEO
It is essential to start a website for your cellphone repair company but only if you invest in learning to rank it or pay someone to rank it, SEO. There are several digital marketing tactics you can employ, and they will require a website. As you research how to open a cell phone repair business, you should invest in a professional website.
6. Blanket your area
This is FUN! You have 1 city to blanket! I loved this part the most because it wasn’t online and wasn’t actually hard to do. I also got out and spoke to people and networked locally which I enjoy. You need to print flyers, to posters to yard signs.
7. Network with those who came before you
Other people have already been established in this business. You can learn a lot about the business if you network and get to learn from them. Most repair people in your area might not be open to working with you or may be rude. However, there are online platforms and CellBotics hosts a Mastermind and support Facebook group.
Pick your business name
People go wrong here all the time. So many people are excited to own a business so they name it after themselves. DO not name your business after yourself, you are not your business. Your business is a free-standing object to earn you wealth. Create a unique name that no one has.
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,
Why do customers love a business?
Customers love the business that pays attention to their every need. They also love a business that keeps and stays in touch with them, especially as larger companies due to the huge amount of customers they have rarely keep in touch, there by losing some customers , which is why you as a competitor can choose to increase your customer retention by staying in touch before, during and after sales.
What is the first step before approaching any investor?
For those that intend to source for capital for their businesses, the first step before approaching any investor – formal or informal – is to have a business plan in place. A business plans tells whoever you intend to approach of how serious the intentions of starting off your business are.
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.
What is the most important decision to make when starting a business?
One of the most important decisions you get to make when starting your business is the legal structure you feel is best for your business. The legal structure you choose for your business determines so many things like how much you will pay in taxes, your personal liability, the amount of paperwork your business will be required to carry out, record-keeping, and your ability to finance your business; which is why it is mightily important that you seek out counsel from experts in your field about the best legal entity for 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.
Is there a niche in cell phone business?
There are clearly a lot of niches in the cell phone business industry, even though there are clearly services or areas of specializations that cannot be differentiated, due to its uniformity of services. The key to thriving in this kind of industry is in offering a specific niche that will enable your company stay in business irrespective of the size or scale of your business.
Is mobile phone repair profitable?
Operating a mobile phone repair business can be very profitable. It doesn’t matter where you’re based at – whether you’re in Europe, USA or in Asia. Here’s the thing: Almost everyone uses a mobile phone repair service sometime in their lives, especially if they’re using Apple iPhones and Samsung mobile phones.
How to maintain parts inventory?
How to Maintain Your Parts Inventory: Label, label, label. You want to make sure that you have enough parts to keep up with the demand of your service – this is called safety stock. Depending on how much availability you have, you may want to start with 5-15 pieces of each item that you wish to repair.
Was Rome built in a day?
Rome was not built in a day. Just as how employees are taking a mental health day or a just a sick day, taking time off can just be the thing to help you balance your life, find the distraction away from work and recharge for you to start building your business. Avoid working during your vacation.
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 increase profits in a company?
Cut costs. One of the easiest ways to increase profits in any company is to reduce the costs that you are incurring. In the mobile phone repair business, you can reduce costs in many ways. One of them could be to get a good deal with a spare part supplier who supplies them in a timely manner at discounted prices.
What is the best phone repair software?
The best paid software for cell phone repair businesses are: RepairShopr – They have many pricing options starting from free to $299 per month. RepairQ – They have a minimum plan of $49 a month. I haven’t come across any other software which is totally free.
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.
Is it better to quote repair charges?
It is better to quote repair charges below your competitors’ estimation. Unfortunately, it is a challenge to keep prices lower than others while maintaining a high quality of service. Some people might question the quality of repairs if you quote a price that is too low. Moreover, it might lead to huge losses.
Is it necessary to provide a service every time?
It is not necessary that every time a service needs to be provided to the customers. You can try to partner with other companies in the same business to improve your profits. For example, you can tie-up with a company and offer free repair services to its employees. You can claim the repair charges from the company.
