If you are looking to start your own business, with little capital and a great return on your investment, iPhone repair is the way to go. There are many reasons why this multi-billion industry is smoking hot right now. Let’s examine a few of them.
Why is iPhone repair a good business choice?
Everyone has an iPhone. From little kids to senior citizens, they are everywhere. iPhones are easy to break. If you drop one (and what kid doesn’t drop them?) you stand a good chance of getting a shattered screen and other damages to the sensitive machine. Until recently a broken iPhone meant replacing the entire phone. There simply are very few companies in the business of iPhone repair. This means the rules of supply and demand is working in your favor before you even begin.
What kind of business can you start?
- Storefront business
There are two kinds of businesses that apply here. They are the storefront and the mobile shop. The storefront is a great goal to have once you have established yourself in the industry. However, it may not be your best choice to begin your business. A store front brings with it large investments such as:
- Building rental
- Electrical supplies
- Additional employees
Unless you have extra cash sitting around, it may be better to go with option two.
- Mobile iPhone Repair
This means you can start your business immediately. You can place ads and call on businesses to let them know of your service. You pick up the broken iPhone and repair it, then deliver it to the customer.
While a store front business is much more costly to begin and maintain, either option will require a limited investment. You will need:
- Replacement screens
- Decide which phones you will repair and have 5-10 screens on hand for popular models.
- Basic iPhone parts
- A few tools
- Screw drivers
- High-power lights
You will need around $60 worth of tools. Since you will be working remotely, you will probably begin with working on one or two phones at a time. Your inventory (replacement parts) will cost less than $500.00. If you want to start slower, you could get by with about $100.00 worth of parts. This allows you tools and parts to fix one phone and have another waiting. You can reorder as needed.
The upside to the mobile iPhone repair business is you can go at your own pace and build a rapport with customers, ensuring future business.
The downside is the limits this puts on how many iPhones you can repair. You are your own business so there is no one to fall back on if business grows. However, any businessman will tell you, that is a good problem to have.
- Decide which iPhones you will work on.
- Set up a website (social media site is fine)
- Order tools and supplies to take care of your clients
- Order the basic inventory you require
- Create your competitive price lists.
- Run ads on Craigslist, local papers, and online to get your name and phone number out there.
That is all there is to it. With a little training, little capital, and a bit of determination, you can join this billion dollar industry as it ignites before you.