To start a mobile shop in India, you must obtain licenses from the Department of Industrial Policy and Promotion and the Department of Telecommunications (DoT). These include trading and importing mobile phones. You can source suppliers for mobile phones in India.
It’s best to start the Mobile store as a Limited Liability Partnership (LLP). Get your GST registration on the GST portal. If importing mobile accessories from China, get your IE code from dgft.gov.in.
The Make in India initiative has increased domestic manufacturing, increasing economic growth. Know more about small business ideas and billing software in India.
Initially start your mobile shop on a small scale. Study customer awareness, spending capacity, and technology used. Consider timing to earn well.
A basic infrastructure requires an 8 x 3 foot counter with lighting and glass displays. Add a computer, couch, and make changes over time. Choose a distributor for supplies. Consider location, registration, and partnering with e-commerce.
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A mobile phone shop earns 20% profit daily, yet 80% close within 2 years due to competition. Proper planning and execution leads to success. Get licensed, even for small shops, as yearly sales cross Rs. 10 lakhs. Incorporate for larger stores or online sales.
To start, rent a 10 x 15 square foot shop. Stock with various brands and prices. Keep latest models. Offer repairs and accessories. Success depends on customer service and relationships.
How much does it cost to open a mobile shop in India?
To start a mobile shop in India, obtain licenses. Get your GST registration. If importing accessories from China, get your IE code.
How can I start a mobile company in India?
To start a mobile phone business in India, obtain licenses and permits from the Department of Industrial Policy and Promotion and the Department of Telecommunications (DoT). These may include licenses for manufacturing, trading, and importing mobile phones. Source suppliers for mobile phones and accessories in India.
Conduct market research to understand demand, competition, and trends in the mobile phone industry in India. Create a business plan outlining your goals, target market, financial projections, and strategies for success. Register your business with the Registrar of Companies (ROC), obtain a PAN and TAN number.
Get licensed from the Department of Industrial Policy and Promotion (DIPP) and the Department of Telecommunications (DoT).
Rent a 10 x 15 square foot shop. Stock various brands and prices. Keep latest models. Offer repairs and accessories. Success depends on customer service.