How many of your friends have an Iphone? Yes, it seems so many people have them and the ipod touch. So just think about your circle of friends…..I know in mine, I’d say almost half have one or the other. This is a business that has great potential right now, but you’ll need to act right now. Repairing iphones isn’t very complex for someone who knows a bit about electronics. It’s also helpful if you’re willing to buy a couple small tools and a few spare parts and do a little reading.
Since the launch of the new Iphone, there are a lot of the older generations available for cheap. Another angle might be to pick a few up on ebay and see if you can sell them locally. Remember, people are locked into long term contracts and still need to have their current phone fixed!
Now lets dig into this idea.
I will explore why this is a great example of a small business idea; you can start up at home for only a few dollars and a little bit of research.
Coming from someone who recently busted his Iphone (unfortunate fall catching my wife while rollerblading) there isn’t much inside. I simply googled how to take it apart. I found great step by steps details on how the Iphone works and how to repair it. That’s the nice thing about any apple products; there are piles of obsessed fans out there. These fans love to take it all apart and figure out how it all works. They also figure out who the suppliers are, how much it actually costs to build, etc. You should be able to find all kinds of details online on how to repair Iphones.
- Inside an Iphone Click to Enlarge
Now, I did not have the right tools, so I ended up going looking for a place to get it fixed. I ended up finding what I consider a great example of a new start up idea. I found a repair place that offers 1 hour repair/sameday (if its more complex). This is the best!! Most places send your phone away to be repaired. People will pay a premium if they can get their phone working in less than a few days.
Now the steps to start this business idea
1. Find all the info and research online. There are lots of great sites that will teach you how, but please make sure you know something about electronics first.
2. Get yourself the right tools. Here is an example of cheap tools on amazon.com
3. Practice! Go on ebay and pick up a few that need repairs and see if you can repair them.
4. You’ll need to spend a few dollars getting spare parts to start with. There are lots of suppliers and most people have the same common problems, like cracked screens, water damage, etc. Do research and figure out what parts you might need.
5. Get the word out! Get on craigslist and kijiji and offer up your services. If you live in a
condo or downtown location, put up a few signs.
6. THIS IS WHERE THE REAL MONEY IS! If you think you are pretty good, approach a few companies. Offer to come in for a day of servicing to their location. I’m sure if you walk around most offices there are lots of people with damaged phones. These people would rather keep their phone then get it fixed and be without it for more than a day. You can do an onsite day and they would be more than happy to pay for the services and you will get volumes needed in just one day!
Make sure you price your self correctly. Don’t be afraid to charge a little extra for a quicker turn around versus a 48 hour repair.
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