Business plan for electronic repair shop - Electronics Repair Store Business Plan | Entrepreneur

Sample Business Plans - Electronics Repair Shop Business Plan

For instance keeping enough parts on hand to last you at least 5 — 7 days is a good measure. This way you will have enough time to order more parts and account for shipping time.

It is always good to carry a little more inventory than necessary so that you are never out of parts if you have an un-particularly busy day. Another big factor when buying parts is the quality. There are dozens of parts suppliers out there and not all parts are created the same.

For instance, the iPhone 3G screen has four different quality levels that are all marketed as the same part by online suppliers.

Small Device Repair Business Advice?

You will never business which quality you get until they are shipped to you. There is also the question of using a US or Chinese supplier.

It is recommended to start with a US supplier and then based on your own personal plan tolerance, and for you are able to wait for shipping try other options. Marketing Your iPhone Repair Business Once you are comfortable with the repair process you need to start marketing your new business. If possible the best first customers are friends or acquaintances that literature review clinical psychology know because they will be understanding if you take an essay upon projects summary long time to do the repair or encounter a problem.

The next step is to start marketing around your local area. There are dozens of ways that this can be done for free. There is absolutely no need to spend money on anything else other than business cards and flyers.

One way for example is to put up flyers with repair tabs on pin boards in grocery stores, day cares, car washes and restaurants around your city. Another free option is to post advertisements on websites like Craigslist and Kijiji. Pricing your iPhone Repair Services Pricing your repair services is a challenging proposition.

Setting your price too low and you run the risk of undermining your profits. While if you set your prices too high you can run the risk of losing customers to competitors. One important thing to take into consideration is your competition and what prices they are charging.

You may be the very best at repairing electronics, but investors are more interested in your business skills. Show them that you have researched the field and know where your company's finances will be in a year, two years, and five years. Your electronics repair shop will also need a good solid marketing strategy.

A Sample Auto Repair Shop Business Plan Template | ProfitableVenture

This will need to be included in your business plan. How will you compete with other electronic repair shops in this competitive field? You will need to find a way to make your business stand out from the crowd. Get a good solid plan together for marketing your business both locally and on the Internet. Businesses today must include a plan for taking advantage of the web. A business that does not have a web presence is one that probably won't be around for long.

Lvn to rn essay your investors that you have investigated your options to put your electronics repair shop on the web and are going to effectively compete with all the other electronic repair shops.

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There are people who perform electronics and computer repair everywhere, what makes you different? You have a lot to prepare before you jump headlong into your new business venture. Competing with the curriculum vitae letter meaning amount of electronic repair shops is not going to be easy.

Prepare yourself and your family for some hard work. Your family will have to be supportive of you during this time.

Without support and help from those around you your road will be that much more difficult. Do your homework and you will be sure to be a success.