Do you have a knack for troubleshooting every tech problem? If so, then starting a mobile repair business could be both fun and profitable for you. If you are thinking of starting a phone repair business in Nigeria, this guide will help you with all the information you need about the mobile repair business. The cell phone repair business may sound like a perfect venture, but there are a lot of challenges to ensuring business success.
People frequently break their cell phone screens or damage other parts, leaving them with no choice but to have them repaired. You have two options for starting a phone repair business in Nigeria as per your preference. Either you can set up a physical storefront or you can set up a mobile repair model online to save on rental and lease costs. Let’s get into the specifics of opening a cell phone repair shop.
How to start a cell phone repair business
The mobile phone repair business is on a growth trajectory and, with numerous people using such delicate smartphones, getting a broken screen is pretty common for every cell phone user. If you know how to repair cell phones, all you need is a storefront to get started. And if you are a beginner, we recommend you work with a cellphone repair company to learn the downside of the cell phone repair business and all the other challenges. When you think of starting a phone repair business in Nigeria, you have to learn and allow yourself to specialize in all the different models.
Try to take this slowly and gradually to learn everything before you start a cell phone repair shop of your own. Thanks to people’s obsession with their smartphones, the mobile phone market has been booming ever since. As compared to the cost of a mobile phone repair business startup, the profit you get from sales and service costs is much higher. You can easily make money if you continue to provide the best repair services to your customers. All you have to do is to learn phone repair, how to repair phones and the advanced solutions to advanced cell phone problems.
How much does it cost to start a cell phone repair business?
The cell phone repair business doesn’t require much, but you still have to pay for the lease or rent for your physical storefront. Apart from the cost of rent, you will have to pay for the following things: –
Chairs
Workstation
Tools
Lights
Inventory and Supplies
Spare parts
Other smartphone accessories
Products for upsell
Depending on the location of your shop, you can easily figure out the cost of setting up your shop. You need proper advertising to reach more people and a location that is easily accessible. As per your ideas, you can choose between setting up a small shop in a mall or a big shop with all your storage needs. As you keep increasing your assets, the costs will keep on going up.
Rent will account for the majority of your expenses, which is why the majority of these businesses operate from home. This saves you a lot of money, and you get everything at home instead of going out to eat. However, you will lose many walk-in customers, but once you establish a name in the market, word of mouth will bring you a large number of customers. You just have to provide legit repair services at a minimal cost.
Is the cell phone repair business profitable?
Every new small business takes time to earn big numbers and, let’s face it; it is pretty hard to be well-known and successful in the market. As per the cost of setting up a new cell phone refurbishing business, the revenue is pretty much higher. So, it is profitable and you can keep on adding new services and, hence, you will increase the probability of getting new customers.
Try to work on a few unique problems that your competitors aren’t providing and this will help you create a monopoly in the market. Make sure your prices are competitive and keep on working hard. When you run your own business, the only key to earning big money is to work hard and for longer hours. Plan out a strategy and get to know your target audience and just have patience.
There are many mobile repair businesses already and when you are starting a phone repair business in Nigeria, you have to think of something unique. This will not only help you stand out from the crowd, but it will also help you gain a large number of customers in a short period of time and effort.
Starting a repair business at home
Starting your own storefront for mobile repair isn’t that easy and, with the power of social media, you can easily run ads online for your services. If you think you can attract your customers without a physical store, you can start a repair business from home. This is more profitable as you will bypass all the costs of rent or leasing.
Let’s see the advantages and disadvantages of starting a phone repair business at home.
Advantages:
Requires low investment
You are your own boss.
Perks of home-cooked food
Disadvantages:
*No walk-in customers
*Low productivity
The disadvantages of the cell phone repair business are as follows:
Working with electronics requires proper care and even a slight mistake can result in dreadful events. Mishaps happen pretty often while working with these delicate parts and this can result in big losses over time. Sometimes, the repaired device malfunctions in such a way and the customer shows up with various complaints. These reasons are the downside of the cell phone repair business, but when you are professionally trained, there are fewer chances of such events. So, it all comes down to your experience and expertise that will help you grow your business.
source@ carlcare.com
