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How to Invest in a Mobile Repair Business

Barbara Willis 0

The mobile industry is growing at an alarming rate globally, and there is a huge potential for the mobile repair business to thrive. There is a growing base of mobile users across cities and rural areas, and as the numbers increase, the demand for mobile repair increases too. Starting a mobile repair is a valid idea in this era. The mission of a mobile repair dealer is to bring services closer to mobile users. One minute, a cell phone sulks in liquid, and the next minute it gets an impact from falls and more incidents, they all end up in a mobile repair shop.

Reasons for choosing a mobile repair investment

First, you can start a mobile phone repair business within your locality and grow it to the next big thing. You can start a successful mobile phone repair business in your estate and your first clients will be your neighbours and people you often interact with. Earning trust from people you often interact with is easier compared to strangers. Secondly, the cost of putting up a phone repair shop is low. You will need a small shop space and a few bucks to buy tools of the trade. In the beginning, you might rely on yourself for human resources but as the business grows, you can employ more personnel to ensure your customers have great experience and above the par services.

Major components of a phone repair business

Space to set up your phone repair business. This could mean a shop to hire or personal property if you own one. If you consider opening a shop in prime areas such as malls or somewhere within the CBD, the cost of starting a business might become hefty. Once you’ve set up every detail for setting up your mobile repair business, you should capture the figures in your business plan. This might help secure commercial loans to make sure your business runs smoothly.

Other parameters worth considering before setting up your investment

Location: The location of the business matters a lot if your business grows. The shop must be easily accessible to customers. It should be accessible to both residential and commercial clients.

License, insurance and permits: states demand all businesses comply with regulations such as operating under license, permit and insurance. This comes second after settling on a location. If possible, open a separate business account to separate your money and business income and expenditure. This will help a great deal in accountability and fiscal recording.

Employees: you might start with yourself as the main human resource available for your business. But as the business continues to grow and you get more customers, work might become intensive and require business owners to consider adding more personnel. Getting more technicians to do the customers’ jobs increases efficiency and cash flow will also improve.

Furniture and equipment: As your mobile repair business grows, you will want to acquire aesthetic furniture and state-of-the-art tools of the trade to make a diagnosis and phone repair quick and easy. Quality furniture will create an ambient environment for both customers and employees.

Sell your brand: Last but not least, let your brand shine and reach out to the target clients. Use all possible channels at your disposal to sell your brand to the target audience.

PTC Melbourne is a thriving mobile phone repair business that you can visit to observe and learn their best practices.

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