This article contains tips and advice that demystifies what it takes to be successful. Thinking about opening a cell phone repair and installation business? We tell you what you need to know to get started. Cell Phone Repair Overview According to recent estimates, there are more than million cell phones in use in the U.
Other cell phones repair and mobile apps related services Sales Forecast One thing is certain, there would always be cell phones, smart phones and tablets owners who would need the services of cell phones repair companies whenever their devices get damaged or stop working.
We have been able to critically examine the cell phones repair market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.
The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Los Angeles — California. Below is the sales projection for Ariel Cell Phones Repair Shop, LLC, it is based on the location of our business and of course the wide range of our services and target market; First Year-: Please note that the above projection might be lower and at the same time it might be higher.
Our Pricing Strategy At Ariel Cell Phones Repair Shop, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance especially from corporate organizations who would hire our services.
In addition, we will also offer special discounted rates to all our customers at regular intervals. We are aware that there are some one — off jobs from corporate organizations or government contracts like cell phones, smart phones and tablets supply, repair and maintenance which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.
At Ariel Cell Phones Repair Shop, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them.
Here are the payment options that we will make available to our clients; Payment by via bank transfer Payment via online bank transfer Payment via check Payment via mobile money Payment with cash In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
Cell Phone Repair Business Plan — Publicity and Advertising Strategy We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to become the number one choice for both corporate clients and individual clients in the whole of Los Angeles and beyond which is why we have made provisions for effective publicity and advertisement of our cell phones repair and maintenance company.
Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al. Cell Phone Repair Business Plan — Financial Projections and Costing In setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. Also we plan to work hard so that we can give our clients the best low prices ever. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a standard cell phones repair and maintenance company; it might differ in other countries due to the value of their money. Donald Trump and his friend and business partner for many years Kelvin Lindsay.
They are the sole financial of the business which is why they decided to restrict the sourcing of the start — up capital for the business to just three major sources. These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings and sale of his stocks Generate part of the start — up capital from friends and other extended family members Generate a larger chunk of the startup capital from the bank loan facility.
All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
One of our major goals of starting Ariel Cell Phones Repair Shop, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our cell phone repair and maintenance services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Ariel Cell Phones Repair Shop, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare is well taken of.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more.A Sample Cell Phone Repair Business Plan Template.
Industry Overview; Cell phones are used for several purposes; basically, people make use of cell phone to keep in touch with their family members and friends and for conducting their businesses et al.
Cell Phone Repair Business – Business Plan Steps. A business plan is the first step towards opening a legitimate cell phone repair Business. Prior reading and research of business plans is the only way to write an effective plan, but there is a very basic formula. Mobile Business.
Business owners who have low capital should prefer going for mobile repair business and should offer convenience to customer. This is good for developing relationships with the customers and great for referrals.
The bottom side of the mobile repair business is that only one device can be worked at a time. Phone Shop Business Plan Executive Summary. This summary is taken directly from the Mobile Phone Shop business plan that you can download online below.
Hence, starting a cell phone repair business is absolutely a great and easy business to start for the entrepreneurs.
Cell Phone Repair Business Model Actually, a business model is a make or break aspect in any startup. A business plan is the first step towards opening a legitimate cell phone repair Business.
Prior reading and research of business plans is the only way to write an effective plan.