As the cell phone industry is, cell phone repairing too is a multi billion dollar industry and many of the business savvy individuals are making money out of it. If you want to start a cell phone repairing business, well it is not a difficult affair.
Staring a cell phone repair business surely needs some minimal investment and one can start it with or without experience. Considering it is a comparatively newer industry, there are not much resources available on the internet to help the beginners with proper guidance. Here, the beginners will get a few good tips to consider to make your business ideals sharper to get a winning edge.
Table of Contents
Various business options
There are a few good ways to step into cell phone repair business. You can try out a storefront or a mobile repair business on thinking of a new business. Here, we will discuss both these models in more detail.
Having a storefront is the best thing to consider if you are aiming at branding your business. Instilling trust in the mind of the consumers, a storefront is considered to be more legitimate. However, when compared to the other models of starting a business the startup cost of storefront may be much higher.
As a business person, having a store front will let you to keep all the inventories at once place and also allow to work on multiple devices simultaneously. This will be the most ideal mode of operation for the business owner who have a large capital and is also willing to take the risk for good.
Mobile repair business
Compared to having a storefront, cell phone repair business only has a lower capital requirement. This is a good mode of operation to build more relationships with the customers and also to get a lot of referrals. Compared to the other, the major downside of mobile repair business is that the operators can only work on a single device at a time. So, the profit margin will be lesser, but it will allow a better control for the individual business owners.
Choosing one among the above will purely depend on your situations and fund availability. For those who are doing a business for the first time and only have limited capital to invest, starting a mobile repair business as a franchisee will be the best option to go with.
Running the business
Starting a cell phone repair business, you can have a slow and steady growth. You can start with repairing of a single cell phone display and can quadruple your inventory with that single revenue. Here are some essentials to note if you run a mobile repairing business.
At the first point, you need to ensure that you have enough parts for the models you repair to keep up with the demands. To start with you can have, 5-10 pieces of each most needed items. With this base inventory, you can sever your consumers without a break even while waiting for more parts.
Right tools are essential to proper repairing of the models you choose to fix. There are plenty of mobile repairing kits available and each smart phone device require a separate kit with desired number of tools to do it property. Some basic tools to keep handy for a cell phone repair business are spudger, screwdrivers, adhesive tapes, tweezers, and scissors etc. You need to take good care of the marketing aspects too to make people know what you do.