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
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 I 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 my own repair business?
Simple 4-Step Electronic Repair Business Plan for SuccessIdentify your target market and competition. Market research is an important first step. ... Develop services uniquely useful to your target market. ... Be strategic with your budget rather than taking up a loan. ... Create a basic marketing plan.
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 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 much money can you make repairing electronics?
How much profit can an electronics repair business make? An electronics and computer repair business owner can earn from between $27,000 to over $100,000 per year, depending on knowledge and experience. With additional employees specializing in different types of popular devices, profits can increase substantially.
How do I learn to repair electronics?
2:011:15:14How to repair electronics for dummies part 1 - YouTubeYouTubeStart of suggested clipEnd of suggested clipBut you do have to understand how the components work what their job is. And you kind of have toMoreBut you do have to understand how the components work what their job is. And you kind of have to know a little bit about electricity. You know and you also have to end up taking responsibility.
How can I make money refurbishing electronics?
Here are four awesome steps to help you start making money by repairing electronics.Repair Other People's Phones. ... Buy Broken Phones / Repair & Resell Online. ... Managing a Successful Online Electronics Repair Business. ... Teach People How To Repair Phones. ... Buy & Resell Parts To Repair Stores. ... To Wrap Everything Up.
What tools are needed to fix a phone?
7 Important Mobile Phone Repair ToolsSoldering Iron.Pry Tool.Voltage Tester Multimeter.The Anti-Static Strap.Nylon Spudger.Screwdriver Kits.Curved Tweezers.
What adhesive is used for phone screens?
0:374:54Best Adhesive Glue to Use For Repairing Broken Phones - YouTubeYouTubeStart of suggested clipEnd of suggested clipIf you make a mistake in the glue that he's have go onto the glass or the screen or around here youMoreIf you make a mistake in the glue that he's have go onto the glass or the screen or around here you can easily clean it off because the glue is very similar to a rubber cement.
What is test jig box?
Test JIG 3210 is a device used to help diagnose problems in mobile phones. Its main purpose is to make the phone function normally outside of its case, so we can test & check all the voltages & test points.
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...
How much does a cell phone repair business make?
However, many cell phone repair businesses have HUGE profit margins.
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.
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.
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 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.
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.
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:
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:
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 ...
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.
What to do if you thought this content was helpful?
If you thought this content was helpful, share it with friends and family that can benefit from it. Help others start or grow their businesses.
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.
How much conversion rate should I use for a website?
I recommend you starting between 3-5% conversion rate, and creating realistic expectations based on how many people you’re willing to share your service with.
What is Cracked It?
Editor’s note: At this year’s Global Homeboy Network Gathering, we discovered Cracked it, a London-based nonprofit that, like Jails to Jobs, is a member of the network. A unique social enterprise, Cracked It operates a five-day repair bootcamp that teaches formerly incarcerated young people and at-risk youth between the ages of 16 and 24 how to repair cell phones and create a business doing so.
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.
Who is Matt Rubio?
We asked Matt Rubio, Jr., the store manager of MD Wireless in Pleasant Hill, Calif., who began repairing phones in his father’s shop when he was 13 years old – 12 years ago. And here’s what he had to say about the qualities you need to be successful running a cell phone repair business.
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.
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.
Do cell phone companies lease kiosks?
Most cell phone businesses in the United States prefer to lease kiosk spaces especially as this tends to provide high traffic but at a lower cost than those offered by a traditional retail space. Most commercial leases especially for retail space usually are triple net, which means that you not only pay lease price per square foot, but would pay property taxes and maintenance as well.
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.
What happens if you don't get your business license?
Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.
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.
What is the biggest concern for success?
Your biggest concern for success will be making sure customers are aware of your business and the services you can offer. Therefore, advertising and marketing are critical pieces to this puzzle.
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.
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.
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.
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.
Why You Should Consider Starting A Cell Phone Repair Business
Let’s get real for a second. While the profitability of a cell phone repair business is great (more on that in a second), the industry as a whole isn’t experiencing the same growth it used to get.
How To Start A Cell Phone Repair Business (Step By Step)
So, you’re ready to take action and build a solid side hustle for some extra income?
Cell Phone Repair Business: Executive Summary
Hopefully this guide has given you insight into creating a lucrative side hustle with low barrier to entry and high profit margins.
