Are you planning to jump into a new venture? Is it a cell phone repair store? If yes, then welcome to the phone repair industry, which now is a million-dollar business.
Smartphones are a part of our everyday life. Everybody has their own hand-held device. It has come a long way in design, style, and structure. No matter how much resources are placed in R and D (Research and development), they will always be prone to accidents, falls, and slips. In such circumstances, the individuals rush to nearby phone repair stores. With extensive utilization of these devices in our everyday lives, one cannot afford their malfunction; hence cell phone repair stores are quite in demand. This demand makes opening a phone repair store a lucrative business option for anyone who is planning a startup. Let’s have a look at some of the few advantages.
Advantages of opening a Phone Repair Store
There are many advantages of opening a cell phone repair center like
- Fewer resources
- No education/ degree required
- Easy to learn
- Little training period
- A lot of respect
- Ideal opportunity for tech-savvy people
- Let’s discuss a few more advantages in detail
It is a timeless business.
Due to the COVID-19 pandemic and many other factors, the global economy is declining towards recession. An aspiring entrepreneur will always question new opportunities and try to enter various markets. As cell phones are extremely prevalent in today’s era, businesses associated with the cell phone industry are here to stay. To keep their cell phones functional, people will need repairs one way or the other. As a result, by keeping up to date with the current trends, a phone repair store is a business that is here to stay.
It has a high profitability ratio.
After opening a cell phone repair store, profitability ratios are quite high. As the technology is constantly evolving, every now and then, a new model of cell phone with variant features is launched. With extensive usage, complexity, and innovation, more frequent repairs are required.
The stream of income is constant as there is always a phone or two in need of repair. Apart from that, the startup cost of this business is also not too high. All you need are a few essential tools, and voila! Low initial investment also adds to the profitability of the business as you start getting a return soon.
The growth potential is extremely high!
The cell phone repair store has a simple business model of a brick-and-mortar store, which can be easily expanded. It provides a lot of growth opportunities. At the cell phone repair store, from repair work, the owner can easily venture into sales or other electronic gadget repairs like gaming consoles, laptops, etc. Selling pre-owned cell phones is also a new, untapped market. This exponential growth will have a positive impact on the income flow of the owner.
Various training and accreditations are available.
Many service providers train people for cell phone repair. They provide rigorous training and accreditation to cell mechanics. These valuable accreditations, if acquired, bring credibility to the eyes of the customers. This will give the potential customers satisfaction that their cell phones are in safe hands.
Generation of Positive word of mouth is in your hands.
Solving the immediate issues of your client or helping them fix their disastrously broken phone can be truly rewarding. Once the customer is satisfied with your repair service, they will visit the cell phone repair center again and again. Positive word of mouth will build up the name of your cell phone repair store in the market and help you retain customers. Resulting in an indispensable service for your clients.
A personal venture!!!
A cell phone repair shop will be your personal venture, the venture of your dreams. All the decisions, be it finance, human resources, marketing, or supply chain, will be taken by you. You will have the ability to pick and choose your clients. All the venture directions will be initiated by you; hence there will be no external pressure.
Conclusion
An accurate example of all these points is a phone repair store known as iDevice Pro. It is a true example of how a phone repair store can be a viable business for you and future generations.
Frequently Asked Questions
Q: What is the future of mobile repairing?
Ans: Being mobile repair technicians yields a good income. By repairing faulty LCDs, charging ports, and other cell phone devices, they earn a handsome amount. The market also provides many job opportunities; hence there are no worries for mobile experts.
Q: How do I start a smartphone repair business?
Ans: Following are the steps to start a repair business:
- Get certification
- Work at various shops to gain experience
- Look for a lucrative location
- Acquire required license
- Employee the best cell phone repair experts
Q: What do you call a person who fixes phones?
Ans: Such people are mostly referred to as technicians, mobile phone repair technicians, or cell phone mechanics.