Taking advantage of small business opportunities is one of the most enriching ventures in the professional world. Breaking away from a dull corporate routine and pursuing your ambitions to become a small business owner can be one of the best decisions you’ll ever make.
Living in this tech era, why not focus on the booming cellphone repair industry? Let’s first bring into account the opportunities hidden in starting your own cellphone repair store!
With each passing day, more and more smart phones are sold. From young teenagers with their first phone, to adults getting upgrade after upgrade. With a growing market of devices with delicate screens, ports, connectors, and millions of accessories, you can only imagine the damage that can be done. People go nuts with the latest releases, but despite all the innovations put into these devices, they are still prone to breaking easily. According to research by w3solutions,
The average time from purchase to breaking your phone is approximately 10 weeks.
Bringing your plan into action, let’s move on to the basics of what you’ll actually need to start your own cellphone repair store;
Research About the Cellphone Repair Industry
Before putting your money into a business blindly, make sure you understand the industry you’ll be involved in, so you can take lead. When entering a new market, you must be aware of the market value, industry stats, trends as well as the challenges.
A Plan with Smart Budget Investment
According to the U.S. Small Business Administration,
Most microbusinesses cost around $3,000, while most home-based franchises cost $2,000 to $5,000 to start.
When you have enough knowledge about the industry you are stepping in, a lot of things will come in your favor. Also, it is important to have support on the legal side of the business especially, ensuring you are protected and going about the process in the right way. Take the expert advice for proper registration from the government and some paperwork (if required) to open your repair store.
Based on experience and research, your big portion of capital will be used to purchase tools, training, buying a shop (if not a home franchise), business registration, and a laptop for phone software repairs.
The storefront is the best way to start branding your repair services. It shows legitimacy and puts trust in the minds of your customers. To set up a cellphone repair shop, choose a proper location either in a residential area or a commercial zone. A commercial area is much more emphasized on because you have the opportunity to grab more customers there. You can advertise to people visiting the market for other purposes and can draw their attention to your repair shop by showing your cool stuff and accessories.
Having a storefront allows you to keep all of your inventory in one place as well as allowing you to work on multiple devices at the same time.
Get CellPhone Repair Training or Hire Trained Staff
If you are a one-man army, this is your most powerful step. Get adequate training and develop skills, before running your own cellphone repair store. You can learn cellphone repair at any technical institute or a cellphone repair school. Since this business will only involve you doing most of the work in the beginning, you should go to a training institute that covers not only technical education but teaches you everything about managing the mobile repair business as well.
And if you possess a big capital and can afford employees, put an ad about hiring trained staff or spread the word out to get the skilled technicians and staff members for your cellphone repair shop.
Sufficient Repair Tools & Inventory
To run your repair store efficiently, you should be equipped with the right tools once you start a repair service center. Make sure that you have enough parts to keep up with the demand for your service. Depending on how much availability you have, you may want to start with minimal pieces of each item you wish to repair.
Furthermore, get your shelves filled with the inventory items that are trending, accessories that are popular and make sure that you have the right quantity as required. Do some research about the devices that are most frequently repaired, then order parts accordingly.
If you are in the USA, luckily, we have got the list of best cellphone parts suppliers. Read our article on Top 5 Cellphone Parts Suppliers in the USA.
An All-in-One POS System
When going through the hectic stuff all by yourself, you need a helping hand in your daily chores and something that will help you grow, and that useful system is an efficient Point of Sale software. It will save your time letting you focus more on your sales and customers, ensuring everything’s moving along quickly and efficiently.
To remain on top in today’s highly competitive repair industry, you need a POS system to help you run your business the right way. RepairDesk makes your life easier by helping you manage your work effortlessly and with just a few clicks. We have everything – from creating repair tickets to inventory management and more. Get a FREE trial of our all-in-one POS software for your cellphone repair store and see it for yourself!