Starting a Phone Repair Business
To start a phone repair business in Kenya, you need to equip yourself with repair skills. Befriend mobile phone repair specialists and pay them to train you. Overall, starting a phone accessories business in Kenya takes hard work, but can be successful if done properly. Identify your target market – local residents, expatriates, or tourists. Conduct market research on what products to sell and competitive pricing. Comply with all laws and regulations, including business registration, permits, and consumer protection. Budget for expenses like rent, tools, inventory, and staff salaries. Promote your business through marketing to build your customer base.
With just 30,000 Kenyan Shillings, you can start a jewelry business in Kenya. Statista research indicates strong growth in Kenya’s jewelry market. The mobile phone repair business has high profit margins and demand, making it a worthwhile opportunity. Starting this business requires minimal investment, and skills are easily acquired. 25% of smartphone users have cracked screens, creating high demand. Other common issues are battery, speaker, and display problems. Apple product resellers and service providers like Mac & More Solutions and Phone Place Kenya offer reliable service. When starting a repair business, purchase only broken phones. Focus on common phone issues that you want to repair.
Profitability and Side Hustling
Is it profitable to repair phones? Cell phone repair is a huge earner, both as a side hustle and a full-time job. Most at-home Cell Phone Repair techs average $80 profit a repair, so you’re looking at around $500 a week while working around your day job.
The idea of repairing phones on a college campus as a part-time side hustle could be a practical and convenient business model. However, considerations should be made regarding the logistics of carrying equipment and finding customers.
Phone flipping is a great side hustle to earn extra cash for you and your family. It does take some time to track down profitable phones to resell, but it is very worth it.
Mobile phone repair technicians run tests to assess the mobile phones’ functionality, install and update phone software, troubleshoot wiring problems, and replace damaged parts such as batteries, LCD screens, keypads, and buttons.
The repair business makes a profit margin of around 90%. It can involve substantial financial commitment, with factors such as location and market dynamics influencing operational expenses.
An underappreciated benefit of side hustles is that they can act as a sandbox where you learn to make good money online. Side hustles can also help you grow as a professional and as an entrepreneur.
Making Money through Repair and Flipping
Can you make good money fixing phones? An average cell phone repair business could net profits in the range of $50-65,000. Revenue of around $80 per repair for 10 devices a week can amount to $800 per week.
Starting to repair iPhones can be a profitable venture if you can source and fix broken devices efficiently. Repairing a broken iPhone screen can take about an hour, allowing for quick turnaround on investment.
The profit margins from repair costs compared to parts are extremely high. With a low entry barrier, starting a cell phone repair business can be done with minimal investment.
Entrepreneurs can offer mobile computer repairs to individuals and other businesses, which is a viable and profitable endeavor.
For phone flipping, identify below market value phones on platforms like eBay, repair them, and then resell at market value. Amazon is another platform where fixed phones can be sold.