is cell phone repair business affordable?
The cost of owning a cell phone repair business depends on the scale of the business, and how much one is willing to put into ensuring the success of his or her business. There are both start up costs and operating costs that need to be considered. Both kinds of costs depend on the scale of the business as well.
At the smallest scale, a cell phone repair business can be ran out of ones home. The start up costs for this type of business can be as little as $100 and can be an easy way to make a little extra money on the side. One will of course need the proper tools for the job, so it is advised to research which tools will be needed for each type of cellphone that is being repaired.
Taking a step up is a business with a store and several people repairing the phones. This type of business has been proven to be sustainable, and becomes even more so when accessories, or phones are sold along with the repairs. These businesses can cost up to $135,000 or more in start up costs, but this depends on the size of the store, physically speaking. A larger store will have a higher lease, and will require more interior decorating and inventory to make the store seem appealing.
Big or Small Cell Phone Repair Business
Both sizes of cell phone repair businesses are going to need a supplier of both parts and tools. This can cause hiccups if the correct provider is not chosen, because not all vendors are as reliable as others. Some supply parts that are not of good quality, and the same goes for tools. Research the vendor heavily before making an order. These should be factored into the continued costs of running the business.
Marketing is an added cost for any business which wishes to be successful. At least some form of marketing is suggested, whether it be banner flags, a website with a strong SEO campaign, or simply putting out fliers. Often times, stores host promotional events when they open, and this will cost money to organize, not to mention the discounts will lessen revenue in the short term.
Cell Phone Repair Business startup by Dr Phone Fix
Getting a License can be a great way to take care of all of these problems. Finding a company which offers proven solutions in marketing; distribution of parts, tools and inventory can take time. Dr Phone Fix believes that they have all of these issues ironed out, and are ready and willing to help get a cell phone repair business going faster than any one else. They are a recognizable brand and let owners run their stores as he or she pleases.
The average cost to license one of their stores is $68,000-$135,000, which also offers access to a group of like minded individuals who are willing to help and answer questions about the cell phone repair industry. Twenty stores have proven their business model to be effective, and a wise investment.
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