The cell phone repair industry is a growing business all over the globe. It has got more scope over time as a more significant number of cell phone users are out there. According to the statistics, consumer repair shops are growing by the day and expected to become a billion dollar industry in the next five years.
The reason for this growth trend is that electronic devices are prone to damage and need regular maintenance. According to the market research firm IDC, there are more than 95 million smartphones damaged every year from drops. This means that we’re talking about roughly $29.8 billion worth of smartphones. So, there is a demand for businesses that provide repair services. The business also does not need a considerable investment to get started; thus, if you are into starting a cell phone repair business, there are more chances of success.
So, needless to stress the fact that establishing a cell phone repair shop is a profitable growing business, and you can run it efficiently by employing a cell phone repair shop POS software and following the below-mentioned strategies.
Location matters the most as it plays a significant role in the growth of your business. Therefore, choose the location of your cell phone repair store wisely, as it will determine the flow of customers to your store. A good location means a better footfall. We suggest you open a shop within an existing mobile market to be more accessible to your targeted customers.
You can earn a handsome amount if you pick an appropriate location. Also, avoid sites with several repair shops already as the competition would be more.
Better Customer Communication
Customer communication is one of the most critical aspects of the growth of any business. So, if you are into making your cell phone repair business more profitable, you better work on your customer experience. One way is using repair shop software such as Repair Desk POS.
The software helps you enhance your customer communication. For example, it can notify them whenever their device gets fixed, so you don’t always have to inform them manually. Moreover, by keeping track of your inventory, the software can notify you if you are low on stock. In this way, your customer doesn’t have to wait to know if the accessory they are looking for is available or not.
Try to fulfill your customers’ requirements by identifying what they are looking for? What budget do they have? Do they want it done immediately? What they are expecting from you. If you manage to identify all their expectations and concerns, you can have a better understanding of what you have to do. This way, they will get the desired service and revisit your shop.
Any business can make or break depending upon its staff members. Therefore, you should hire the right people that are fit for the repair job. It will be a plus if you have hands-on experience repairing cell phones. Your technicians should be experts in what they are doing and be able to fix all the issues related to hardware and software.
You can use a POS System Repair in your shop to help you manage the ongoing processes. In addition, your technicians can benefit from technology if they train in using the software. Apart from using technology, we recommend you to hire a skilled technician even if he’s asking for more salary rather than a fresher or an inexperienced person on a lower wage.
Think out of the Box
Always do something different from your competitors. First, list your potential competitors and keep an eye on what services they are providing. Then, to outsmart them, analyze their business strategy and improvise yours according to the market’s demand. For instance, you can offer advanced-level repairs by restoring the devices that can’t be repaired elsewhere.
There is a huge potential for customers still interested in fixing their old generation cell phones. So, you can use this service as your USP. Or else, you can offer customization options in their device such as transforming the entire cell phone frame into gold, ordering a particular part for them, and attaching a phone grip engraved with their name.
Digitize your Business
Digitizing your business can help you offer your repair services to even more customers. For a repair and a retail business like yours, this means fewer errors and more repairs per technician. Also, a regular user would prefer to communicate using digital methods than spend time interacting with you at the shop. You can digitize your shop by making a decent, easy-to-use website and using Cell Phone Repair Shop POS Software.
You make the customer aware of your business through effective marketing and advertising. You can choose modes of advertising that are not so expensive yet effective. Think emails, SMS and text-based repair reminder alerts. But remember, to make your repair business profitable, you need to adopt various marketing touch points especially in the initial months.
You can offer discounts on specific services or products. For example, you can advertise as; 20% off on LCD replacement. Or, you can offer them a free-of-cost back cover or a screen protector to build their loyalty.
Keep your Prices Low
You cannot grow your business overnight. So don’t overcharge your customers to increase your repair business and make it profitable. Instead, keep your prices as low as possible and quote a price that seems affordable to the customers. Once you build your trust, the customers will pay you for your outstanding professional services.
Following the above mentioned strategies and suggestions, you can run a profitable cell phone repair shop. With the advancement of technology, this business has even more scope all over the globe. Several repair shop owners are out there, but some are not making that much profit. The reason behind this is; not using the latest software designed specifically for the cell phone repair stores, such as the Repair Desk Cell Phone Repair Shop POS Software.
So, if you want to make your business profitable, employ the software in your shop to ease the process of managing and organizing your staff, inventory, and sales reports. We hope that you enjoyed this post—comment below for further suggestions.