Do you planning to start the Mobile Repairing Business, nowadays mobile repair industry is growing rapidly due to the increasing use of the Smartphone’s, this is also a huge demand for the mobile repairing and accessories service.
Are you are looking forward to starting a cell phone repairing business. Then it will be a profitable venture, here in this article you will get the business plan for mobile repairing business.
#1. Cell Phone Repair Business Opportunity
The mobile phone repairing business is one of the profitable business ideas in this technology-based world, as per the research it is declared that the cell phone is break in every 1 minute and this is very serious problem nowadays, only a few technicians will know how to fix the cell phones, therefore, starting Smartphone repairing business is an profitable venture.
In this digital world people can’t live without the Smartphone, and if there any problem occurs in the Smartphone they are looking for the cell phone repairing shop, additionally, you can sell the accessories and hardware as well as software in your mobile repairing store.
#2. Mobile Repair Business Plan
It is impossible to run a business without Mobile Repair Business Plan and management; if you want to open the mobile repairing business then you must have to consider the following factors.
1) Study The Competitors
Many of technician who knows how to repair Smartphone have opened their own cell phone repairing business, but at the same time, the user of the Smartphone is increasing day by day and also demand the mobile accessories and software is on fire.
Therefore while starting Smartphone repairing business you don’t have to worry about the competition.
2) Choose The Right Mobile Repair Business Model
You can start the mobile repairing service in two ways one is cell phone repairing store and another is cell phone repairing business from home therefore while starting mobile repairing service you have to choose the appropriate business model.
The storefront is the most popular and recommended mobile reaping business model because of the storefront is easily accessible by the customers.
Additionally, you can start the online mobile repairing service in which you can provide the pickup and drop facilities to the customers. Where you can pick up the faulty cell phone from the customer and return them once it will be fixed.
3) Mobile Repair Quick Service
As Smartphone become a necessity for living, so everyone wants them to be fixed the cell phone problem as soon as possible they are not ready to wait for longer, hence if you want to grow your mobile repairing business you must be quicker than your competitors.
If you have a quick mobile repairing service than your competitors then people always prefer you and they will never go for other mobile repairing stores.
4) Mobile Repair Business Ideas And Service
There are lots of niches in the cell phone business industry; here we have mentioned some profitable niches in the cell phone industry.
- Sale Smartphone Hardware And Software
- Sale Smartphone Accessories
- Mobile Money Service
- Mobile Recharge
#3. Cell Phone Repairing Business Licenses
#1. Registration of Firm: You may start the small to medium mobile repairing business either a Proprietorship or Partnership Firm.
If you are starting this business as One Person Company, then you have to register your firm as a proprietorship.
For Partnership operation, you have to register as a limited liability partnership (LLP) or Pvt. Ltd. Company with Registrar of Companies (ROC).
#2. GST Registration: GST registration will provide you with a GST number which is mandatory to run the business.
#3. Trade License: toy can obtain a trade license from the local authorities
#4. Pollution Certificate: mobile repairing business does not produce that much pollution but it is a safer side to take the pollution certificates.
#5. MSME/SSI Registration: MSME/SSI Registration will allow you to get benefits of government subsidies if there are any.
#6. Trade Mark: you can secure your brand with the trademark registration.
#4. Area Required For Event Planning Business
The minimum area required for the mobile repairing business is around 250 sq ft.
Selecting a location for the mobile repairing business is the most important aspect; it decides how your business will run in the future. Therefore be aware while selecting the area location for the business.
Make sure that your mobile repairing store is easily accessible for residential as well as office going peoples. There are three different types of mobile repairing business model you have to choose the appropriate business model.
Mobile Repairing Store
Starting a storefront for cell phone repairing service is the best option and most recommended a business model in the cell phone business.
It required some investment in the form of rent of the shop. While renting the place don’t forget to complete documentation and agreement with the store owner.
Store from allows you to keep all necessary inventory under one roof, and you can select the location where your store is easily accessible by the customers. Additionally, you can sell mobile accessories, hardware, and software and also provide a mobile recharge service.
Mobile Repairing Service From Home
The starting cell phone repairing business at home is a great option for people who have the low capital investment, you may have to reach customers doorstep but if you are able to build the strong customers relationship and provide them a good service then they will become your high-end customer.
Online Mobile Repairing Business
If you are planning to open online mobile repairing business then you don’t have to worry about the physical storefront in online cell phone repairing business you can provide the pickup and drop facility in which you can pick up the faulty mobile from the customer’s place and return them once you will fix the issue.
#5. Supplies For Business
Availability of the spare parts at hand is important while initiating the cell phone repair business, you will be only able to provide quick service if spares are easily available.
If you want to grow your business in a rapid way you must have to find out the spare supplier in your area locality and stock more for the long run.
#6. Mobile Repairing Tools Kit
Having aright tool to run mobile repairing business is an important factor, you can buy a Smartphone repairing kit for Rs 5,000 INR
List Of Mobile Repairing Tools
- Soldering Iron
- Adhesive Tape
- Magnifying Lamp
- Battery Tester
- LCD Tester
- Cleaning Brush
Related Business Ideas
#7. Mobile Repairing Training
If you are planning to start the mobile repairing store then you should have enough skills to check and replace the spares of the Smartphone. You can enrol for mobile repairing training.
Day by day technology is upgrading so you have to upgrade yourself with the latest technology and gadgets that are trendy in the market.
Hire a skilled and experienced technician is a difficult task in this business; therefore, it is necessary to have an extra technician.
#8. Marketing Strategy For Mobile Repairing Store
Once you have done with all the business you will have to promote your business, let the customers know about your service.
You can promote your mobile repairing business using online way; you can create a presence on social media. Additionally, you can create your website from which you can offer the service and sell a product online.