Smartphone Repair Business
Smartphone Repair Business
(Technician, Owner LMIA, PNP)
(Technician, Owner LMIA, PNP)
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Is Cell Phones Repair Business Right for You?
Is Cell Phones Repair Business Right for You?
Cell Phone Repair Business
This is a multi-billion-dollar industry that requires minimum investment to start and little to no experience. This widespread ownership and use of mobile phones has created a need for professionals who can repair and service mobile phones
Different Business Models
Different Business Models
Storefront
The storefront is the best way to start branding your product. It shows legitimacy and puts trust in the minds of your customers.
Mobile Business
The mobile repair business I great for low capital business owners and offers your customer convenience. It is also good for developing relationships with your customers and is great for referrals
How Much Money Do You Need?
How Much Money Do You Need?
With a cell phone repair business, the start up costs are extremely low. You can literally start with a single cell phone screen and make enough money to quadruple your inventory. However, depending on witch business model you chose from above, you may have additional costs to calculate. Let’s break down what those costs may include.
Part Inventory
You want to make sure that you have enough parts to keep up with the demand of your services. Depending on how much availability you have, you may want to start with 5-15 pieces of each item you wish to repair. This allows you to continue to serve your customers while waiting on more parts to arrive. This cost can range between $100-$500.
Tool Inventory
Now that you have all of the parts you have all of the parts you need to repair the phones you have chosen to fix, you need to make sure that you have the right tools. There are many cell phone repair kits out there, but each device requires a different type and amount of tools. It is good to start with the basics like screwdrivers, spudgers, adhesive tape, scissors and tweezers. This cost is about $100.
What Type of Phones Should You Repair?
What Type of Phones Should You Repair?
You should choose which phones to repair based on the demographic of your area. The easiest phones to get started with are iPhones as they require little experience to fix and minimal parts and tools. However, Android phones control most of the market share of devices on the market.
How Much Money Can You Earn?
How Much Money Can You Earn?
The profit margins of repair costs to that of parts costs are extremely high. If you average the revenue of around $80 per repair and you fix 5 devices a day. You can have a revenue of $400 per day. (20 Days x $400 = $8,000/M = $96,000/Y)
IMMIGRATION OPTIONS
IMMIGRATION OPTIONS
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