The Relevance of the Electronics Repair Shop Business

The Relevance of the Electronics Repair Shop Business

A person without special knowledge and skills will not be able to cope with the elimination of the breakdown of their equipment, so the electronics repair business will be relevant at all times. Because of this, the demand for such a service is very high. Everyone has a gadget and even more than one, which after a while or due to the carelessness of the owner can become inoperable.

Setting Up a Business – Basic Steps

To start an electronics repair business from scratch, you need to research the market, find a place to work and purchase special equipment, register a business, hire staff, and develop an advertising strategy.

An entrepreneur who is going to engage in electronics repair needs to carefully plan the future business and draw up a clear business plan.

Step 1: Market Research

Equipment repair should be done by a professional, so if a businessman does not understand electronics, you need to hire a specialist. Analyze competitors, study their offers and prices, see which services are lacking in your area or which demand exceeds supply.

If you set your priorities correctly and correctly identify the main and secondary points, you can successfully take a place in this niche.

Step 2: Finding Premises and Equipment

A large business room in an electronics repair shop is not required, you can find 10-15 sq.m. It will be an advantage if the workshop has good traffic and can be easily found.

Another good option is to rent a room in a residential area for the convenience of customers, because it will be more convenient to give large appliances, such as a TV or laptop, for repairs near the house than to go somewhere far away.

The main equipment includes the following:

• microscope for soldering small parts;

• tin;

• Solders;

• screwdrivers, spatulas, scalpel;

• table lamps;

• vacuum tweezers;

• Hot air soldering station.

Step 3: Hiring

If the entrepreneur is not a specialist, it is necessary to hire a qualified employee before opening an electronics repair. The work schedule is negotiated on an individual basis, at first it can be one employee, then you can expand the staff and hire a second master.

Step 4: Marketing

To this day, word of mouth remains the best advertisement. Therefore, the quality of the repairs performed must be at a high level. A satisfied customer will definitely come back and recommend the workshop to their friends and acquaintances. But it will not be superfluous to maintain groups on social networks and post ads on free services.

Some masters share that a large flow of customers comes from services such as Yandex. Most likely, this is due to the fact that people are looking for a workshop as close to their own location as possible, reading reviews and deciding which one to go to.

Electronics Repair Shop Business Costs

To start an electronics repair business, you will need the following investments:

• rent — 5,000 dollars;

• repair (if required) — 3,000 dollars;

• equipment — 20,000 dollars;

• furniture — 10,000 dollars;

• advertising — 7,000 dollars;

• Other operating expenses — 33,500 dollars;

• cash register equipment — 4,000 dollars;

Total: 82,500 dollars.

Monthly costs:

• rent — 1,500 dollars;

• salary — 2,500 dollars;

• consumables and equipment — 5,000 dollars.

What are the pros and cons of an electronics repair shop from scratch as a business? Business Return on Investment

The advantages of your electronics repair business include a relatively small investment at the start, which can be recouped in 3-4 months of work. Many people enjoy repairing appliances, assembling and disassembling gadgets, and understanding their internals, so this is a great way to monetize your hobby. Another advantage is that you can work without a clear schedule and when it is convenient. But that's if you're an entrepreneur and a craftsman rolled into one.

The disadvantages include the difficulty of finding customers (at the first stages). Also, working with people is not always easy, sometimes there are quite complex and even unscrupulous customers who can order and not buy expensive spare parts. Here you need to be stress-resistant and calmly react to all troubles.