How to start your cell phone repair business from home.
- 1. Learn the business. The first step is to learn about mobile phone repair. You can learn cell phone repair at any technical institute also called ...
- 2. Make a workstation.
- 3. Acquire spare parts.
- 4. Create an identity.
- 5. Check for legalities.
Full Answer
What is a cell phone repair business?
A cell phone repair business focuses on repairing broken or damaged cell phones and tablets. Ready to form your LLC? Check out the Top LLC Formation Services . Learn how to start your own Cell Phone Repair Business and whether it is the right fit for you. You have found the perfect business idea, and now you are ready to take the next step.
What is the first step to learn cell phone repair?
The first step is to learn about mobile phone repair. You can learn cell phone repair at any technical institute also called cell phone repair school.
How difficult is it to get a job in cell phone repair?
Getting skilled and experienced technicians is a very difficult task for people in this business. There is rampant ‘job hopping’ trend among technicians which sometimes leads to a huge burden on the owner/s running the cell phone repair business at regular intervals.
Should I start an LLC for my cell phone repair business?
Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your cell phone repair business is sued. You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.
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...•
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.
Is phone repair a good side hustle?
Being a cell phone repair technician is one of the highest-earning side hustles nowadays. Cell phone repair is a huge earner, both as a side hustle and a full-time job. Most at-home Cell Phone Repair techs average $80 profit a repair, so you're looking at around $500 a week while working around your day job.
What is a phone repairer called?
We generally call such people "technicians," although I suppose one could call them "mobile telephone technicians" or something similar." See: http://store.apple.com/us/product/MA714Z/B/applecare-technician-training.
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+
How do mobile repair shops grow?
Steps to start your mobile repairing shop in IndiaLearn and get certified. ... Work to gain some experience. ... Estimate the capital required. ... Choose an ideal location. ... Obtain required licenses. ... Employ an expert technician. ... Keep the best, let go of the worst. ... Promote and advertise your business.
Is Flipping broken phones profitable?
If if you did half that volume, you could be earning $1000 a week. Flipping phones for profit can be a lucrative side hustle or grow into a full-time income stream, but, like any business, there are some pros and cons. The used cell phone industry is already huge, and growing bigger all the time.
Why do people buy broken cell phones?
Why Do Companies Buy Broken Phones? Many companies buy broken phones for a couple of reasons. For one, the broken phone may be worth it for them to repair. The company may have the means to repair the phone cheaply, get it in good working order and then resell it for a good price.
What is Flipsy?
Flipsy.com is the leading online pricing guide that provides accurate values for books, devices, and other items based on current market trends. Flipsy is used by sellers to determine how much their items are worth and by buyers who are seeking fair prices.
How much does a phone store owner 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.
How lucrative is phone Repair in Nigeria?
This means that if you get to make screen repairs for ten customers, you will go home with nothing less than N20,000, assuming you do nothing else on the day. The more expensive the device, the higher the likelihood of charging higher. That amounts to at least N500,000 on a monthly basis.
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...
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 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.
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.
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.
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.
What makes mobile phone repair businesses profitable?
What makes mobile phone repair businesses a profitable venture is the competition between these mobile phone brands that makes them more compelling to users.
What Type of Phones Should You Repair?
You should chose which phones to repair based on the demographic of your area. The easiest phones to get started with are iPhones as they require little experience to fix and minimal parts and tools.
How to open a franchise phone shop?
Through franchise agreements of selling phones: To open an authorised mobile shop (depends on the area you’re based at), you have to contact your local distributor of the mobile phones you want to sell, repair and you’ll be given a franchise form.
How much does a cell phone repair technician make?
The average salary for cell phone repair technicians (employees at repair shops and retail stores) hover around $30,000. With commissions and bonuses thrown into the mix, expect about 25% more, at about $38,000.
How does technology help you?
Technology helps you to reduce errors (which brings about both tangible and intangible costs = time and money), as well as helps you to save labour hours in recording all processes and transactions.
How to get spare parts from a bus driver?
Plug into the supply chain where you can call your spare parts dealer who will send them through your local bus driver or someone who travels everyday. Pay them something. Never ask for free help. Have a few basic parts like batteries etc.
What is it called when you have enough parts to keep up with the demand of your service?
You want to make sure that you have enough parts to keep up with the demand of your service – this is called safety stock.
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.
Why is cell phone repair business important?
In the cell phone repair business, it has huge growth potential because of how many people have smart phones, and how many more people the smart phone marketing is expanding to. When cell phones get damaged or break, then the owners usually file ...
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:
What to do if your phone breaks?
When cell phones get damaged or break, then the owners usually file with their insurance company, or look for an independent repair company, and that’s where you can help.
Why use Business Planner?
You can use our Business Planner to help you get clear about your goals and tasks you can do to attract customers online.
Why do you start with a few services?
Starting with a few services can help lower your startup costs, make it easier to consistently meet buyers, and build a healthy reputation because you’ll be specializing.
Is a business idea good or bad?
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 many technicians are needed for a service facility?
It makes business sense to keep overheads low initially, but a proper service facility must have a minimum of two technicians. If you are qualified and trained to do the job, hire one more technician.
Is the mobile phone industry growing in India?
The mobile phone industry in India (also in the world) is growing very fast; for a country like India, this means a large base of cell phone users across all cities, towns, and rural areas.
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.
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.
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 hard to get a technician?
Getting skilled and experienced technicians is a very difficult task for people in this business. There is rampant ‘job hopping’ trend among technicians which sometimes leads to a huge burden on the owner/s running the cell phone repair business at regular intervals.
