24 Steps to Starting a Cell Phone Retail & Repair Business from Home.
- 1. Understand the Industry. In recent years, there has been a change in the dynamics and structure of cell phones globally which also includes smart ...
- 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 refurbished cell phone business?
Write a Marketing Plan Packed with ideas & Strategies
- Empower your marketing executives to market your business directly
- Ask your loyal customers to help refer your business to others
- Use social media platforms such as Facebook, Twitter, Google Plus and Linkedin to market your business
- Ensure that your business is listed in yellow pages and online directories
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 cell phone business the right way?
- 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 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.
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 cell phone business 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%!
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.
Is mobile repairing easy?
Like we discussed earlier, mobile repairing is easy to learn and can be learned in a period of just 2 to 3 months. The repair procedures and methods are very easy and this is why training programs are short covering technologies and products which are relevant to the technicians.
Is fixing phones a good 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.
How much money do I need to start a cell phone business?
A 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 much money 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 can I make money from repairs?
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 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.
What are the most common phone repairs?
What are the Most Common Smartphone Repairs?The Screen. We know our phones are expensive mobile computers packed with fragile miniature technology, but the most common feature on your phone that requires repair is the screen. ... Water Damage. It happens and it's not always fixable. ... Home Button. ... Damaged Charging Ports.
How can I learn smart phone repair?
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.
What are phone repairs 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 selling cell phones?
Salary Ranges for Cell Phone Salesmen The salaries of Cell Phone Salesmen in the US range from $10,001 to $235,823 , with a median salary of $42,850 . The middle 57% of Cell Phone Salesmen makes between $42,850 and $106,677, with the top 86% making $235,823.
What is the profit margin on cell phones?
Overall, phone reseller markups range between 25% and 100% while profit margins range between 21% and 50%.
How do cell phone companies make money?
Cell phone carriers are subject to taxes set by the government, a federal fee. Most wireless companies pass it to their customers. The common fees usually include the Universal Service Fund and Telco Recovery Fee. Those taxes and fees are subject to change, so carriers can adjust your bill any time that happens.
How much do mobile stores make?
Even small mobile stores staffed by one to two persons typically do over Rs. 10 lakhs of sales in a year.
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...
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.
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.
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 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.
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.
What are the advantages of working from home?
Advantages. 1. Lower investment. For a full-fledged service center, you will need a lot more capital for furniture, electricity, shop lease, staff, etc. When you are working from home, you either already have these facilities or you don’t need them. Thus, you will be cutting down on expenditure to a great extent. 2.
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 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 the best part of a smartphone repair business?
The best part of a smartphone repairing business is its low capital cost . It’s up to you to want you to start with, either screen repairs, or hardware parts or part replacements. You can upgrade your inventory according to your needs. While to start with, you will have to invest in a few tools and machinery.
How often do cell phones break?
As per a recent study, one cell phone breaks in every two seconds around the globe. Given the population and the increasing number of smartphones, that is a serious problem. With very few experts know how to fix cell phones, especially smartphones, the repairing industry is not able to meet the growing demand.
How to promote your business?
Today almost everyone uses a smartphone, so you have a potential market all around you. Start with flyers and placards at different local community events and nearby stores . The best place to promote your business is at or around smartphone shops and tech centers.
Do you need to invest in parts for a cell phone?
In addition to these, you need to invest in parts of different models of mobile cell phones. While repairing you may need to replace specific parts.
Is it a fact to operate from a storefront?
The location will typically base on your business model. It is indeed a fact, operating from a storefront will ensure higher visibility. However, since you have decided to start home-based, your startup cost is subsequently low. Your home-based setup must have a professional look so it impresses customers.
Is it better to start a mobile store at home or open a storefront?
If you are a newbie, it is better to start at home. Opening a storefront will increase your cost. Opening a retail mobile store is advised only when you have a customer base.
Is mobile repair kit available offline?
While to start with, you will have to invest in a few tools and machinery. Nowadays, mobile repair kits are available offline and online .
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.
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 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.
How to succeed as an iPhone repairer?
Firstly, it is important that you bear in mind that in order to succeed as an iPhone repairer, you must have three things: Speed and accuracy. You must be able to do the repairs quickly and correctly. Marketing strategy.
How long does it take to repair an iPhone?
Repairs are done quickly, sometimes in less than 30 minutes (so customers no longer have to part with their phones for 3-5 days) So, if you have an eagerness to learn, then the iPhone repair business is a good opportunity for you to get paid for putting smiles on people’s faces.
Why is the demand for iPhones increasing?
Because more and more people are now using Smartphones and mobile devices to plan their lives and businesses, the demand for these devices keep increasing by the day. The Apple iPhone is the most successful Smartphone brand in the world, having sold over 60 million units; and still recording exponential growth in sales.
How to market to potential customers?
Once you are very confident in your skills, you can start marketing to potential customers around your local area. An easy way to do this is to print and distribute business cards and flyers. Another good idea is to advertise on free classified ad websites such as Craigslist. You can also take a bold step to setup a website and connect with potential customers on social media.
Is the iPhone the fastest selling phone?
The iPhone is the fastest selling and the most popular smart phone in the world. Everyone at some point wants to upgrade to an iPhone and I am sure you too have been tempted. With many of this type of phone in circulation, knowing how to start an iPhone repair business may just be your ticket to becoming financially successful in the next few years.
