24 Steps to Starting a Computer Repair Business from Home With No Money.
- 1. Understand the Industry. Computers have exploded throughout America and the world over the past 30 years – from 2,000 units shipped in 1960 to ...
- 2. Conduct Market Research and Feasibility Studies.
- 3. Decide Which Niche to Concentrate On.
- 4. Know Your Major Competitors in the Industry.
- 5. Decide Whether to Buy a Franchise or Start from Scratch.
Full Answer
How to start a computer repair business from home?
What You’ll Need to Start Fixing Computers From Home Decide what and how you'll offer your computer repair service. Will you include computer setup along with repair... Set up a workspace that has the tools and equipment you need to work efficiently. Write a business plan and marketing plan, ...
How much do computer repair businesses make?
The income and profits of a computer repair business will vary according to the business’ location, specializations, services offered, and years in business. According to GlassDoor.com, computer repair technicians make an average salary of $35,240 per year.
Should you start a computer repair business or pay off debt?
You want to focus the majority of your efforts on building your business, not repaying debt. A computer repair business offers a certain degree of flexibility when it comes to structuring your work environment.
Should I Fix my Computer or buy a new one?
Depending on the computer's problem, some people opt to buy a new one instead of fixing the one they have. One way to offset this trend is to also offer computer set-up, especially salvaging the data from the old computer and moving it to the new one.
How do I start my own computer repair business?
Step 1: Build up your savings. ... Step 2: Create a business plan for your computer repair business. ... Step 3: Finance your computer repair business. ... Step 4: Choose a location. ... Step 5: Set your pricing for your computer repair services. ... Step 6: Get your computer repair and IT certifications.More items...•
What equipment do I need to start a computer repair business?
Essential tools used by computer repairing experts for the specific purposeScrewdrivers (Non-magnetic) ... ATX Power Supply Tester. ... Multi-tester. ... Cable testers. ... POST Card. ... Data-recovery software. ... USB network adapter.
Is it profitable to fix a computer?
However, taking a computer repair shop out on the road is still a viable and profitable endeavor. There are many reasons why there's plenty of space for entrepreneurs like you to offer mobile computer repairs to individuals and other businesses.
How much does it cost to start a computer business?
The cost of operating a computer repair business will vary depending on the business model. A home-based repair business can cost as little as $2,000 to $3,000 to start up. A repair business with a brick-and-mortar storefront will cost closer to $10,000, but startup costs are still quite manageable.
How do I become a freelance computer technician?
To become a computer technician, you'll need a high school diploma or equivalent. However, you'll likely stand out from your competitors by earning an associate's degree in information technology or a bachelor's degree in computer science, engineering, or a related field.
Which tool should be used in fixing a computer?
A technician uses many tools to diagnose and repair computer problems: Straight-head screwdriver, large and small. Phillips-head screwdriver, large and small. Tweezers or part retriever.
What is the weakness of computer shop business?
Weaknesses. Computer repair shops can find it difficult or virtually impossible to serve anything larger than a local area.
What are the advantages of starting a computer business?
Then again, the reality is that business people enjoy the advantages of computer application technology to make work easier and more efficient than ever.Speed and Accuracy. ... The Ability to Forecast. ... Increased Connectivity. ... Information Security. ... Entrepreneurial Opportunity. ... Hiring and Managing Employees. ... Education and Training.
What type of business is computer shop?
Computer retailers buy computers and related equipment at wholesale and sell it at their retail stores. Computer retailers run the gamut, from chain stores and large electronics retailers to small independent shops that sell custom-built computers and provide support services as well as computer sales.
What business can I start with 5000?
If you need a little more help brainstorming, here are six businesses you can start for under $5,000.Tutoring or Online Courses. ... Make a product and sell it online. ... Open a consulting business. ... Create an app or game. ... Become a real estate mogul. ... Virtual Assistant.
How do you get money to start a business?
10 options for funding your small businessFamily and friends. It's common in the early stages of a business for parents, siblings or friends to financially support your business. ... Bank loans. ... Crowdfunding. ... Business angels. ... Venture capitalists. ... Short-term loans. ... Guaranteed loans. ... Incubators and accelerators.More items...
How can I start my own small business?
Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ... Write your business plan. ... Fund your business. ... Pick your business location. ... Choose a business structure. ... Choose your business name. ... Register your business. ... Get federal and state tax IDs.More items...
What type of business is a computer shop?
Computer retailers buy computers and related equipment at wholesale and sell it at their retail stores. Computer retailers run the gamut, from chain stores and large electronics retailers to small independent shops that sell custom-built computers and provide support services as well as computer sales.
How do you know if it is a hardware or software problem?
It is a sign of drivers which have malfunctioned. Try uninstalling them, resetting the computer, and reinstalling them. But if you are getting the blue screen on a regular basis, it is often a sign that the hardware is malfunctioning. If you've fixed the drivers and the problem persists, it's a hardware problem.
How much does it cost to start a computer repair business?
You can start a mobile computer repair business from home for about $4,000. Costs include repair tools and equipment, a website, and your own compu...
How profitable is a computer repair business?
A computer business can be very profitable. Rates range from $60 to $80 per hour, and if you run your business from home, your ongoing expenses wil...
Do I need a license to start a computer repair business from home?
You will need to be certified as a computer technician, and you may need various licenses and permits at the state and local levels. Check with you...
How much can I charge for computer repair services?
Average rates for computer repair services range from $60 to $80 per hour. If you do after-hours emergency service you could charge more.
Is Best Buy's geek squad stiff?
The competition from big outfits like Best Buy’s Geek Squad can be stiff, particularly at first. The job requires frequent and ongoing marketing, but you can build a strong word-of-mouth following over time.
Is personal computer going anywhere?
It's a stable, in-demand service. Personal computers aren’t going anywhere. People of all ages and experience levels have computers they rely on for entertainment, banking, connecting with others, and more. Unfortunately, there is also a constant threat of viruses and other issues, especially for those who use their computer to go online. This creates a steady pool of clients.
Is it good to start a home computer repair business?
While there are many advantages to starting a home-based computer repair service, there are a few downsides, too. Attracting customers can be a challenge in the beginning, whether you’re cold-calling potential clients, touting your computer repair skills at tech fairs, or handing out flyers at small businesses and residences.
Can you subcontract repair work?
More elaborate and complicated repairs will require an investment in tools, hardware, software, and supplies, but you can subcontract this work out or charge a little more to repair serious issues.
Step 1: Decide if the Business Is Right for You
Starting a computer repair business has pros and cons to consider before deciding if it’s right for you.
Step 2: Hone Your Idea
Now that you know what’s involved in starting a computer repair business, it’s a good idea to hone your concept in preparation to enter a competitive market.
Step 3: Brainstorm a Business Name
Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. You probably want a name that’s short and easy to remember, since much of your business, and your initial business in particular, will come from word-of-mouth referrals.
Step 4: Create a Business Plan
Every business needs a plan. This will function as a guidebook to take your startup through the launch process and maintain focus on your key goals. A business plan also enables potential partners and investors to better understand your company and its vision:
Step 5: Register Your Business
Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.
Step 6: Register for Taxes
The final step before you’re able to pay taxes is getting an Employer Identification Number, or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN.
Step 7: Fund your Business
Securing financing is your next step and there are plenty of ways to raise capital:
What degree do I need to repair a computer?
You don't need a degree to open a computer repair business, but there are several certifications you may want to obtain to prove that you have the necessary expertise and potentially gain a competitive advantage. Some of the more common ones include: 1 CompTIA A+ Technician 2 Cisco Certified Network Associate (CCNA) 3 Certified Information Systems Security Professional (CISSP) 4 Microsoft Certified Systems Engineer (MCSE) 5 ACMT (Apple) 6 BICSI Technician (BICISI)
What type of insurance is used for computer repair?
Another policy that can benefit computer repair businesses is a business owner's policy, which combines general liability and commercial property insurance at a lower rate than if you purchased each policy separately.
What insurance do computer technicians need?
Computer repair technicians can also benefit from professional liability insurance, also known as errors and omissions insurance. This policy can pay for the cost of a lawsuit if a client sues claiming that you made a mistake or failed to provide a service you promised.
How to get a business off the ground?
One option to consider is a loan through the Small Business Administration. The SBA partners with lenders, community development organizations, and micro-lending institutions to set guidelines and facilitate loans for small business owners. This reduces risk for lenders and makes it easier for small business to get approved – typically at lower rates than they might ordinarily qualify for through a traditional bank loan.
How to promote your business?
It's important to make marketing a part of your regular schedule. Set aside a few hours each week to touch base with current and potential clients, post on your social media accounts, and otherwise promote your business .
Why limit repairs to house calls?
Limiting your repairs to house calls at your clients' homes or businesses eliminates the added expense of a storefront, and also creates a natural separation from your personal life at home. However, there are other factors to take into account. You will be at the mercy of your clients' schedules, and you also run the risk of jobs taking longer than anticipated, especially if clients ask you to complete extra work once you're there. Since you’ll be driving to your clients, you should also consider purchasing commercial auto insurance, since most personal auto policies don’t cover business-related driving.
What are the options for financing a home?
Other financing options to consider include finding investors, such as venture capitalists or angel investors; using credit cards; tapping into a 401 (k); crowdfunding; and borrowing money from family and friends.
How much does it cost to start a computer repair business?
The cost of operating a computer repair business will vary depending on the business model. A home-based repair business can cost as little as $2,000 to $3,000 to start up. A repair business with a brick-and-mortar storefront will cost closer to $10,000, but startup costs are still quite manageable.
What is computer repair?
Computer repair businesses help customers to both fix and maintain their computers. Often, these businesses are tasked with troubleshooting and fixing computer problems, but that work can extend to setting up and maintaining networks, offering in-home visits, and selling computers and accessories.
What is the target market for a computer repair business?
A computer repair business’s specific target market will depend on the business’ model and services offered. A business specializing in personal computer repair will market to local computer owners who invest in more expensive machines worth repairing. A business specializing in computer maintenance and networks to businesses may only market to businesses of a certain size or those that use a particular technology.
What is customer service in computer repair?
Customer service is a big aspect of the computer repair industry. A business owner will need to be able to provide prompt service and have computers ready on time. Great interpersonal skills are also important, especially since customers may be upset and frustrated with their computers before they even walk in the door.
How much has the computer repair industry declined?
As the industry’s revenue has declined, the number of businesses has also declined to 53,960.
Why is the electronics industry declining?
The decline in the industry’s revenue is due to a number of factors. As computers and other electronics are increasingly more affordable, fewer people are deciding to have their electronics replaced and are instead choosing to replace them when they break. Businesses have also followed this trend and often invest in high-quality equipment and get rid of old, outdated, or broken equipment.
Why do businesses have separate bank accounts?
Keeping your business and personal finances in separate business bank and credit card accounts makes it easier to track the business’s income and expenses.
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