Especially as cell phones and other devices become more expensive and more powerful, the owners will want to stay with their tried and trusted choices for tech connectivity.Īnother smaller, yet growing, target market is the environmentally conscious tech consumer. To be specific, you’re gunning for the savvy tech user, who understands how a repair can save them time and money. Your target market is technology consumers. As you grow as a business, you may find additional costs pertaining to advertising or hiring additional staff, but this business tends to have a relatively low overhead. And you should be able to recoup these costs, once the repairs are completed. Other than rent and utilities, if you have a brick and mortar, most costs will be generated from buying parts and supplies for the actual repairs. What are the ongoing expenses for a cell phone repair business? There are a few options and configurations for how you will set up your business, so consider them carefully and think about what will work best, both currently and for the future. There will be some loss of walk in customer business, but most customers will find your business online through a website or webpage via social media. Some businesses operate out of a home and reduce much of the overhead associated with a brick and mortar location. These can be more cost effective, but may not have the storage area needed for your business, as it expands and grows. Some cell phone repair shops operate as kiosks in a mall or other heavily trafficked consumer center. What are the costs involved in opening a cell phone repair business?ĭepending on the location of your shop, most of the costs involved for the startup will be rent and utilities. Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your cell phone repair business. There is more to starting a business than just registering it with the state. Create your Cell Phone Repair Business Website.Define your Cell Phone Repair Business Brand.Get Cell Phone Repair Business Insurance.Get the Necessary Permits & Licenses for your Cell Phone Repair Business.Set up Accounting for your Cell Phone Repair Business.Open a Business Bank Account & Credit Card.Register your Cell Phone Repair Business for Taxes.Form your Cell Phone Repair Business into a Legal Entity.Start a cell phone repair business by following these 10 steps:
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