Overview of Cell Phone Repair Business Opportunities
- Earnings can vary widely based on location, services offered, and marketing effectiveness.
- Some businesses report revenues exceeding $100,000 per month.
- According to IBISWorld, the cell phone repair industry is a $4 billion business in the U.S., and it’s expected to continue to grow.
Importance of Advanced Repair Skills
- Is it necessary to have advanced repair skills?
- While basic repairs can be learned relatively easily, advanced skills like microsoldering can significantly increase your service offerings and profitability.
Starting a Cell Phone Business
Step One: Register Your Business
Step Two: Develop Your Business Plan
Profitability of Phone Repair Business
- An average cell phone repair business could net profits in the range of $50-65,000.
- A cell phone shop owner doing $150,000 yearly can expect to drop at a minimum of $24,000 on salaries.
Tips for Success in Phone Repair Business
- The success of your phone repair business depends on your effort and knowledge.
- Ensure profitability by persevering, having a proper business plan, and knowing how to acquire clients.
Starting an iPhone Repair Business
- With many iPhone units rendered useless yearly, starting an iPhone repair business can be profitable with growing demand for repairs.
- Strategies involve acquiring skills/tools and marketing services effectively.
Tools for Cell Phone Repair Business
- Here is a list of repair tools that you must-have for your cell phone repair business:
- Nylon Spudger
- Fine Tipped Curved Tweezers
Budgeting for a Cell Phone Repair Business
- You can literally start with a single cell phone screen and make enough money to quadruple your inventory.
- Equipment: You’ll need a reliable workstation that can handle repairs for almost all types and brands of cell phones.