2017 is just about to end with many people putting their money into repair businesses and earning huge margin from it. Are you one of the people who have some spare money in bank accounts? Are you confused where to put money? Are you planning to open a business in 2018?
If the answer to all above-mentioned questions is yes, then we suggest you invest in tech repair business. Everyone owns a phone in this world now and most of the people get phone’s screen broken once in a while. According to experts, 25% of people who use cell phones use them with broken screens which make repair industry an every booming industry.
Storefront or Mobile Repair? When coming towards repair business you have two options to initialize; storefront or mobile repair. You can buy a shop and start your repair services there. This is more likely to get your customers and win their trust but it will require you to put in a handsome amount of money.
In case you are short on money, you can start by offering pick up or parcel repair services. In these mobile services either you will pick up and drop device after repairing or you can agree with your customer to use parcel services. It demands less money and is a good start but it is difficult to make customers who trust you.
Why Not Retail Shop? Now you must be thinking why open a repair business and not a retail shop? To answer this I would quote that research says repair businesses bear the only cost of labor and parts hence leaving 100% profit to the owner. And compared to this retail shops leave to some percentage of margin whereas rest of that goes in covering the cost of buying items.
Take Step 1: When you have finally decided to open a cellphone repair shop, you definitely would need a few things to open shop. There are not just one or two but hundreds of issues associated with technical gadgets or devices. You would need some phone screens, screws, batteries, charging ports and that is not just it. There is also a bundle of other things you would need. Find the whole list of items here.
Point of Sale System: In this era of technology POS software is must to have in the shop. It would not only make your shop more organized but will help you in customer retention, advertising, better service providing and much more. Why you need to have POS software in your shop?.
Spread The Word: Now that all is done you should make a perfect marketing strategy and start spreading the word about your shop. All you need is social media presence and a few people who can help you get more customers.
Make your services speak for your business rather than you spending more money on customer acquisition.