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"Starting a Mobile Phone Repair Business": Tips Before You Started

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With the use of mobile phone always growing, and more and more new models are available every few months, the need for mobile phone repair service is also on the rise. The case happens much more with older models, in which the warranty protection has already expired, and spare parts are harder to find in the market.

Starting a mobile phone repair service is a very viable business, with relatively (or rather, extremely) low cost. The entry barrier is also low with very little to no experience and special knowledge needed. Almost all the how-tos of mobile phone repair can be easily found on the internet, excepting very extreme cases.

If you think mobile phone service is right for you - some starting points to help...

Initial Investment

This business can be started with a very little investment as low as below $1,000, but it will vary a lot with how large you plan your business to be.

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Some notable expenses for your consideration are:

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- Spare Parts and Tools
If you are confident with your customer base, you can consider buying spare parts in large quantity, as it can secure you bonuses or discounts. Some most common parts that needed repair are LED screens, bezels, keypads, and that scratch-prone apple logo for iPhones.

For tools, there are many mobile phone repair kits depending on brand and models. You can decide whether to focus on one brand as your speciality or tackling several brands at once. iPhones are generally easier to repair with the right tools, with little to no experience needed. Android phones like HTC, Samsung, and LG requires better knowledge and bigger sets of equipment.

- Marketing
Yes, the business may be very easy to start with very little initial investment. However, that also means there are already a lot of competition in the market. A proper marketing strategy will be essential to your mobile repair phone success whether is simple flyers, traditional advertising, or online based ones like SEO and online banners.

- Storefront
You can begin your business as mobile service or online based, but when you already build your consumer base, a storefront will increase your legitimacy and attract more customer. Depending on location, rent or property price will vary a lot.

- Legal Matters
Although you might want to start small first, it's good to fulfil your legal paperwork like permits and license beforehand. Not only it will save you from trouble, it will also help your legitimacy both to suppliers and customers.

- Labor Costs
Once you attract more customer, you might consider adding more employees. Depending on location labor cost can be quite high and can eat your profit margin if you're not careful.

- Franchise
Some established mobile phone repair businesses are available for franchising, and it will help you with marketing and customer visibility. However, the cost for a franchise license can be very high reaching as high as $150,000 for a full setup.

Earning Potential

The profit margins on mobile phone service business are extremely high and can be as high as 500-1000% of spare parts costs.

The earning potential will largely dependent on how good you can attract customers with your marketing efforts. The industry average per repair is around $80 per phone, meaning if you can repair one mobile phone a day on average, you can net $2400 monthly revenue.

The key to success in this business is how good you can market yourself and build your customer base. This will depend on how creative you are to create strategic advantage.