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"Computer Repair Business": How to Get Started

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Today, computers are no longer a luxury, but rather a necessity, even the center of most people's lives. Yet, not many understand the technical intricacies of a computer, and this often leads to confusion when a malfunction occurs. Hence, the computer repair business for both software and hardware is a thriving business, and can be started with minimal monetary start-up investment, provided you already got the necessary knowledge and experience.

Once your business got established, you can expand to be a more professional company to cater more B2B needs. IT specialist companies are one of the most thriving industry nationally and globally, and this can be a good start to starting one.

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If you got the computer savviness and wanted to start this business,
here are some considerations to help you get started:

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1. Startup Cost
You can start this business with less than $1,000-$2,000 as your only necessary expense will be for tools, spare-part stocks, and software provided you will want to start from home. If you want to rent a storefront or an office, you should consider the rent cost in addition to your initial startup cost.

2. Required Skills
Most of the technical knowledge can be learned from books and the internet. However, the experience will matter in the long run as it will help you during difficult, complex cases. Computer knowledge also develops continuously, so you should maintain a strict learning mentality to update your knowledge on a timely basis.

3. Legal Requirements
If you live in the U.S., most states won't require a special permit for computer technicians. However, it's best to consult your local authorities to get clearer information regarding necessary licenses and permits.

4. Spare Parts
As spare computer parts are regularly updated, and the value can drop considerably, it's wise to consider which spare part you would need to stock, and which you will only buy on a case basis. Items like RAM, DVD-Burners, Routers, Cables, Keyboard/Mice and OS software tend to be stable in price so that it's wise to keep some stock on site. On the other hand, items like CPUs, hard disk, and Graphic Card can devalue over time, so it's wise to buy on a case by case basis.

5. Marketing
As a computer-related business, a website and other digital presences is almost a must. Consider sending business proposals to local small business; maybe they're not yet equipped with their own IT division. Send flyers and brochures; it's still proven to be effective even in this day and age. Research your current competition to determine your pricing strategy. If you can find some specialty with limited competition (i.e. certain specialty software, network configuration, high-end computers), it will be a huge plus point for your marketability.

Earning Potential

The national annual average for computer technician is around $30,000. However, since you are an independent business, you can get considerably higher by expanding your scale of operations and get more clients.

Although competition is tight, computer ownership is steadily growing with each passing year. This means the opportunity for this business will also grow. Your marketing prowess, knowledge and experience will be the key to making this business a sustainable and profitable one.