how to start a tech repair business

Checklist for Starting a Computer Repair Business.

• Step 1: Write a Business Plan. After coming up with the idea, the next step in starting your business should be to write a business plan. Not only ...
• Step 2: Form a Business Entity.
• Step 3: Choose a Business Name.
• Step 4: Select your Location.
• Step 5: Apply for Business Licenses and Permits.

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, ...

What licenses do you need to start a repair business?

You may need to be a business license to perform repair services. Check with your state to determine exactly what you'll need. If nothing else, registering as a limited liability company will keep your business and personal assets separated, in case of legal issues.

What kind of Business is a repair technician?

This type of business repairs damaged or malfunctioning equipment such as televisions, stereos, computers, phones, and gaming devices. Repair technicians charge a fixed rate for labor in addition to the cost of new parts. Ready to form your LLC? Check out the Top LLC Formation Services .

What do you do as an electronics repair technician?

Repairing computer hardware and associated peripherals. What are some skills and experiences that will help you build a successful electronics repair business? Analytical skills for determining the best resolution of an issue

Is electronic repair business profitable?

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 start tech repair?

How to become a computer repair technicianEarn high school diploma or equivalent. Computer repair technicians must have a high school diploma or equivalent education. ... Complete additional education. ... Develop technical skills. ... Gain professional experience. ... Explore certification options. ... Apply for roles.

Is it hard to start a computer repair business?

Although the pros are significant, there still are some potential challenges you may face when starting a computer repair and maintenance business. They are not too difficult to overcome: It's not enough just to have the technical knowledge and skills. You'll need good communication skills.

Is PC repair a good business?

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.

Are IT technicians in demand?

Overall employment of computer support specialists is projected to grow 9 percent from 2020 to 2030, about as fast as the average for all occupations. About 70,400 openings for computer support specialists are projected each year, on average, over the decade.

What tools do I need for 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.

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.

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.

Can you make money fixing computers?

Get Paid to Fix Computers From Home If you have knowledge and experience in keeping computers up and running, you can start a computer repair business quickly and affordably. But growing your computer repair enterprise into full-time work still requires effort, and many beginners start out on a part-time basis.

How do I start a remote computer repair business?

The Basics to Developing a Tech Support Business ModelOutline your remote tech support services.Figure out your IT support company pricing and payments.Form your legal business entity.Get tech support certifications, permits, and licenses.Buy equipment & software for your tech support business.More items...•

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 start a computer shop business?

How to Start a Computer Repair BusinessDetermine the Characteristics of Your Ideal Clients. ... Know Your Strengths and Weaknesses. ... Set Your Rates Right from the Beginning. ... Be Patient and Let Your Business Evolve Over Time. ... Remember that Marketing is Key.

What qualifications do you need to become a PC repair 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.

Can you make money fixing computers?

Get Paid to Fix Computers From Home If you have knowledge and experience in keeping computers up and running, you can start a computer repair business quickly and affordably. But growing your computer repair enterprise into full-time work still requires effort, and many beginners start out on a part-time basis.

What is a computer technician salary?

A person working as a Computer Technician in Nigeria typically earns around 252,000 NGN per month. Salaries range from 124,000 NGN (lowest) to 393,000 NGN (highest). This is the average monthly salary including housing, transport, and other benefits.

How do I become a computer build technician?

The qualifications you need to become a PC build technician include mechanical skills, knowledge of computer hardware infrastructure, and the ability to work with components that can often be very small. These positions frequently require an associate or bachelor's degree in computer science or computer engineering.

Due to the spread of the coronavirus, is this business essential?

No. Under current guidelines across multiple states, this business is not classified as essential while emergency orders are active.For more inform...

What are the costs involved in opening an electronics repair business?

The costs for opening this type of business are lower than many other types. One reason is that this business can be operated out of a home. Many s...

What are the ongoing expenses for an electronics repair business?

Some of the ongoing expenses of an electronics and computer repair business include: Replacing tools Continuing education regarding new electronic...

Who is the target market?

Preferred customers are economically and environmentally conscious people who want to utilize their devices to the full extent of their capabilitie...

How much can you charge customers?

Rates for repairs on computers and other electronic devices can range from between $10 and $100 per hour, depending on the complexity of the job. S...

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. W...

How can you make your business more profitable?

Many electronics and computer repair business owners purchase used laptops, phones, and other devices and refurbish them for resale. Others choose...

Is this Business Right For You?

This business is right for those who enjoy learning about technology and the challenge of restoring damaged items to like-new condition. Profession...

What happens during a typical day at an electronics repair business?

Attending workshops and participating in webinars to stay on the cutting edge of new technology Testing computers and electronic devices with diagn...

What are some skills and experiences that will help you build a successful electronics repair busine...

Analytical skills for determining the best resolution of an issue Communication skills for explaining processes and procedures to customers IT skil...

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 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.

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.

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.

When to approach lenders for business funding?

Once your business plan is finalized, you'll be ready to approach lenders if you choose to look for business funding. (Related: “ How to budget your way to a successful IT business launch .”)

How to promote a computer repair business?

The first step in successfully promoting your business is thoroughly researching the local competition. That research will enable you to create the right business logo and offer specialized services that aren’t offered elsewhere. The second step in promoting and marketing a new electronics and computer repair business is creating opportunities to demonstrate your superior knowledge and skills to the local community.

What is repair technician?

This type of business repairs damaged or malfunctioning equipment such as televisions, stereos, computers, phones, and gaming devices. Repair technicians charge a fixed rate for labor in addition to the cost of new parts.

How do electronics repair businesses make money?

Electronics and computer repair businesses make money by charging a fee for their labor and expertise in repairing various devices. Many of these businesses also purchase used laptops, smartphones, and gaming devices for the purpose of refurbishing and reselling them.

What is the most common business structure?

The most common business structure types are the sole proprietorship, partnership, limited liability company (LLC), and corporation. Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your electronics repair business is sued.

How to make money from computer repair?

Many electronics and computer repair business owners purchase used laptops, phones, and other devices and refurbish them for resale. Others choose to expand into the recycling business, selling damaged parts for scrap. Another way to generate additional monthly income is by offering small businesses that can’t afford full-time IT staff the opportunity to pay a monthly retainer to have your IT repair services available whenever needed. Selling computer parts and accessories also provides a stable source of revenue. Ironically, successful repairs eliminate some types of repeat business, so success depends on satisfied customers spreading the word. Investing time in cultivating good relationships with existing customers is the best way to ensure future customers.

How much does it cost to fix a computer?

Rates for repairs on computers and other electronic devices can range from between $10 and $100 per hour, depending on the complexity of the job. Some repair businesses perform the repairs in the client’s home or business, while others require their clients to bring the devices to a repair shop.

How to market your business to the community?

Offering discounts for first-time customers in local newspapers, magazines and industry publications is one of the most effective marketing tools available. For example, one owner offered local small businesses vouchers worth two hours of free computer repairs to introduce their business to the local community. Satisfied customers discussing the quality of your work on social networks is also an inexpensive and highly effective form of advertising. Creating social media pages that encourage communication is a great investment.

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.

Is cell phone repair the same as computer repair?

Experimax notes that computer repair increasingly crosses over with cell phone repair. As smartphones become more and more like computers, computer repair technicians are beginning to offer cell phone repair services, too. From screen repairs to virus removal and general troubleshooting, there are many opportunities for a technician to expand their services beyond just computers. And, because of the increasingly high cost of cell phones, customers are more likely to repair a $1,000 phone than they are to repair a $300 computer.

Can a repair business run a successful business?

While these statistics may seem discouraging at first glance, repair business owners who stay on top of current trends and customer needs can still run successful computer repair businesses.

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:

How much does tech repair cost?

Tech repair and refurbishment can cost anywhere between $10-$100 an hour. When you are just starting, you may want to aim for the middle. But once you get enough demand, it could be helpful to increase your rates. You can also charge more when the work is more complex or requires more skill.

How to keep customers coming back?

The main way you keep customers coming back is to provide excellent repair services. When they get their devices back, those devices need to work. They also need to look clean and professionally repaired. The better your services are, the more likely customers are to come back for more business.

What are the best resources for entrepreneurs?

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need. Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Why do businesses need insurance?

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

How much does it cost to build a part inventory?

Building a part inventory can run between $100-$500 – or more if you want to have a bigger inventory. If you do everything from your home and vehicle, you could get set up for $3,000-$5,000. If you want to open a store, you will need more money.

Can you be a tech refurbisher?

Although technology continues to develop at a rapid pace, many of the skills that were applicable in earlier tech are still applicable now. If you can repair small devices or have a strong interest in learning how to repair them, you can learn to be a tech refurbisher.

Is this Business Right For You?

Tech refurbishment and repair is a business that requires continuous attention to detail and creative problem-solving. If you like to help people and you love solving problems with technology, you might be a great fit for this industry. You need to be capable of focusing on fine details and doing repetitive work hour after hour to excel as a tech refurbisher.

What is the best way to build a business?

You will probably have to do the marketing, sales, administrative and all other tasks by yourself in the beginning. Establishing a well-crafted, diversified marketing plan that incorporates a lot of different targeted activities is the only way to build your business and make sure your sales funnel is fed.

What skills do you need to be a successful businessman?

In order to succeed, you need to have a good balance of business, technical and also strong social skills, so you can best respond to the needs of your clients and build long-term relationships with them.

Do small businesses need an IT department?

All small businesses use computers and depend on them to work consistently, predictably and dependably. However, it is not cost effective for most small businesses to have their own in-house IT department. Still, they need someone like a computer repair business to help keep their IT assets up and running, so they can stay competitive in ...

How much does it cost to start a small computer repair business?

According to a detailed feasibility study carried out for the sake of this article, the estimated amount needed to start a small scale computer repair business is $9,000 . Medium scale is $56,000 and a big scale computer repair business at $130,000.

How to get the right pricing for a computer repair?

If you wish to get the right pricing in your computer repair business, you need to be able to understand the job you are being offered and analyse your means of performing them before charging your costumers. You’re also advised to inculcate all your expenses into your billings and remember not to make it outrageous.

Why do we need a computer repairer?

The extent at which the Internet and computer has taken over our world is a pure sign that every computer literate needs the services of a computer repairer when his/her computer malfunctions – be it hardware or software. People of all classes, sizes and age ranging from the business class down to the foetus in the womb (for scans etc) needs a computer repairer to be able to attend to this device known as a computer that has taken over our day to day activities.

Why is the computer repair industry so important?

The very nature of the Computer Repair industry, with its extraordinary rate of technological development, creates a constant need for businesses skilled in updating and advising customers on computer-related issues. With every individual armed with a computer and with almost all valuable information in our daily lives being stored in the computer, the computer selling business is booming and with this booming comes a need for repairers by users.

What is the best legal entity for a computer repair business?

For the purpose of this research, the LLC is the best legal entity for a computer repair business. An LLC is a “pass through” tax entity.

What is the importance of intellectual property in computer repair?

Intellectual property protection is very well needed in the computer repair business in form of patents protection, trademark and copyright protection, Technical Data and Computer Software Protection.

What does it mean to be a computer tech?

Becoming a computer technician is a great point of entry into the IT field, and computer hardware certifications will help demonstrate your knowledge and competency in maintaining computers, mobile devices, printers and more.

How to acquire clients for a business?

Marketing your business is always expensive. In order to acquire clients, you need to let them know you are out there. You might want to network with business owners in your community and establish a presence online with a website, social media campaign, and advertising .

What are the advantages and disadvantages of starting a business?

As with any venture, there are advantages and disadvantages. Initial costs, licensing, certifications, and relevant business knowledge should all be considered before starting your business.

What certifications are needed for networking?

Some common industry certifications are ACMT and CompTIA A+. It is helpful to have some networking certifications as well if you'd like to work on business networks. CompTIA Network+ and CCNP from Cisco are a few of the more common certifications.

How to get started with a marketing campaign?

You might consider creating an initial plan for getting started, with some goals to work towards, and deadlines to meet. Work to establish awareness of your services through a marketing campaign, and plan some actions to build up your client base.

Why do businesses contract with small businesses?

Contracting with small businesses, if you are able to do so, can provide a solid foundation of regular work for your business. If you do good work for them, they will be apt to keep using you and refer you to others.

Is it worth it to plan a business?

It may be worthwhile for you to brush up on some business practices, such as keeping records for accounting purposes and taxes and creating a plan . As the saying goes, a business failing to plan is a business planning to fail.

Do you need technical skills to be a good communicator?

It's not enough just to have the technical knowledge and skills. You'll need good communication skills. You have to be able to translate your actions in nontechnical terms for those that are not as technically inclined.