Frequent question: Is it worth starting a phone repair business?

According to business industry research company IBISWorld, the cell phone repair industry is a $4 billion business in the U.S., and it’s expected to continue to grow. … In fact, many businesses who do cell repair are small shops or single proprietors. It could be a good business for the right person.

Is a cell phone repair business profitable?

How much profit can a cell phone repair business make? An average cell phone repair business could net profits in the range of $50-65,000, with greater earning potential, as you continue to become more well-known and successful.

Is repairing phones a good side hustle?

Being a cell phone repair technician is one of the highest-earning side hustles nowadays. … 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.

How much do people make for fixing phones?

Cell Phone Repair Technician Salaries

Job Title Salary
United Smart Tech Cell Phone Repair Technician salaries – 3 salaries reported $16/hr
Custom Communications Cell Phone Repair Technician salaries – 3 salaries reported $52,093/yr
Fix My Phone Cell Phone Repair Technician salaries – 3 salaries reported $11/hr
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How much is the phone repair industry worth?

About $4 billion in revenues is generated by the cell phone repair industry in the United States each year. Since 2012, the industry has been growing at an annual average rate of 5.5%. Over 8,000 businesses are currently active in the industry, providing employment opportunities for about 23,000 people.

How much does it cost to open cell phone store?

A cellphone store needs displays with proper electric and internet accessibility. Expect to use anywhere from $25,000 to $100,000 in startup capital to prepare your retail storefront. If you don’t already have this, look at small business loans or other private financing options.

How can I open mobile repair shop?

Steps to start your mobile repairing shop in India

  1. Learn and get certified. …
  2. Work to gain some experience. …
  3. Estimate the capital required. …
  4. Choose an ideal location. …
  5. Obtain required licenses. …
  6. Employ an expert technician. …
  7. Keep the best, let go of the worst. …
  8. Promote and advertise your business.

How can I make money repairing electronics?

Here are four awesome steps to help you start making money by repairing electronics.

  1. Repair Other People’s Phones. …
  2. Buy Broken Phones / Repair & Resell Online. …
  3. Managing a Successful Online Electronics Repair Business. …
  4. Teach People How To Repair Phones. …
  5. Buy & Resell Parts To Repair Stores. …
  6. To Wrap Everything Up.

What is Flipsy?

Flipsy.com is the leading online pricing guide that provides accurate values for books, devices, and other items based on current market trends. Flipsy is used by sellers to determine how much their items are worth and by buyers who are seeking fair prices.

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How much do Apple repair techs make?

How much does a Technician at Apple make? The typical Apple Technician salary is $21 per hour. Technician salaries at Apple can range from $14 – $51 per hour.

How much does a phone store owner make?

A cell phone shop owner doing $150,000 yearly can expect to drop at minimum of $24,000 – that’s $2,000 monthly – on salaries.

How big is phone repair industry?

The market size, measured by revenue, of the Cell Phone Repair industry is $4.0bn in 2021.