Electronics repair business

Do you want to open an electronic repair shop?  here is a complete guide to starting an electronics repair business with no money and no experience  .

Okay, so we’ve provided you with an example of an electronic repair business plan template. We also took it a step further by analyzing and writing a sample electronics repair shop marketing plan backed by actionable guerrilla marketing ideas for auto repair shops. In this article, we will cover all the requirements for starting an electronic repair shop. So put on your entrepreneur hat and let’s move on.

Why open an electronic repair shop?

When it comes to starting a business, there are many factors that should come into play before going ahead with investing in a business. Factors to take into account before starting a new business are the population of the city you intend to start a business with, the level of competition you are likely to face and of course the availability of a market. for your services or products.

Another lucrative business is opening an electronics repair shop, a budding entrepreneur eager to start a business in the United States of America. The good thing about this type of business is that you can learn technical skills from someone who is already in the business or from a technical school.

All you need to do is rent a conveniently located store, set up a store, and advertise your electronics repair business. If you are lucky enough to become one of the few electronics repair professionals in your community, you are sure to make a lot of money from this type of business.

Almost all homes and offices have one or more electronic gadgets in one form or another. Over time, these gadgets will require maintenance, service and repairs. This suggests that there is indeed a significant market for electronics repair shops. All you need to do to get started in this type of business is to acquire the technical skills required to maintain, maintain and repair electronic gadgets.

It is without a doubt a very lucrative and profitable business if it is well positioned and you know how to do a great job. The amount that you can earn per day depends a lot on your ability to sell your services to users of commercial and private electronic gadgets. … Style

If you have the desire to open your own electronic repair shop, just read this article and you will be well informed and equipped. You can start your electronic repair shop in a small town in the United States, and if you are consistent and creative, your brand will soon become a national brand, especially if you are a franchisee.

Beginning of repair activities for electronic stores. The Complete Guide

• Industry overview

… The electronics and computer repair services industry includes companies that repair and maintain one or more of the following components: consumer electronic equipment, computers, office equipment, communications equipment and other electronic and communication equipment. precision.

Companies in the industry repair items including microscopes, radar and sonar equipment, televisions, stereos, VCRs, computers, photocopiers, communications equipment, scientific instruments and medical equipment.

If you are in the United States, you will agree that the electronics and computer repair service industry is really looking for ways to improvise and increase their income. In fact, with the increasing availability of electronics and computers, consumers and businesses will be more likely to purchase new products than to repair defective equipment, resulting in lower demand and lower revenues for the industry. industry.

In addition, online users generally prefer to buy more advanced products and scrap or damaged or obsolete products. Recently, the life cycle of electronics and computers has narrowed and the introduction of new technologies has given consumers and businesses more incentive to replace their old equipment.

The electronics and computer repair service industry is indeed a very large industry which is booming in all parts of the world. In fact, no company has a leading market share in the industry. According to statistics, in the United States of America alone, there are approximately 57,629 licensed and registered companies involved in electronic and computer repair services, employing approximately 141,369 people and generating $ 20 billion in business annually. industry. United States to expected annual growth. 0.4% in 2012 and 2021.

A recent report released by IBISWorld shows that the geographic distribution of industrial companies closely mirrors the geographic distribution of the US population. Most of the industry players are small, labor-intensive companies and therefore serve their local markets. The report went on to say that the Southeast region accounts for the largest share of the U.S. population, accounting for 25.6% and 27.8% of total establishments.

Florida provides a significant proportion of the region’s population and industrial presence. The report also shows that the West has a significant share of the manufacturing sector (16.8%) and the US population (17.2%). The largest state in terms of number of establishments is California, which accounts for 11.9%.

One of the factors that motivates entrepreneurs to start their own electronics and computer service repair business is that people and businesses who cannot afford to buy new electronics when they are down will use always the services of electronics and computer repair companies. and will confidently state that the business is currently a profitable business. Starting and running a business requires minimum start-up capital and minimum manpower.

Among other things, electronic and computer service repair companies and related businesses around the world continue to benefit from good sponsorship, especially if they are well positioned and know how to enter the target market.

Creation of an electronic repair workshop Market study and feasibility studies

• Demography and psychography

The demographic and psychographic makeup of those who use the services of electronics and computer repair companies, which cover all households, hospitals, offices, hotels and any institution that uses electronic devices and is in able to pay for their services.

List of niche electronics repair ideas you can specialize in

To be effective in the electronics repair service industry, it is recommended that you choose a niche. By choosing a niche in this industry, you will be focusing your efforts on building a brand that can compete favorably with similar businesses not only in your region, but throughout the United States of America.

Here are some of the niche ideas in the electronics and computer repair services industry that an aspiring entrepreneur can choose from if you are looking to start your own business;

• Repair of consumer electronics (including home theaters, DVDs, radios, televisions and VCRs)
• repair of computers and office equipment
• communication equipment repair
• repair of other electronic equipment, for example, repair and maintenance of dental equipment, repair and maintenance of medical and surgical equipment, and repair and maintenance of optical instruments

The level of competition in the electronic repair service industry

The competition that exists in the electronic repair services industry goes beyond competition between electronic and computer repair companies in your area; You have to compete with other manufacturers of these gadgets who also offer repair and maintenance services. Thus, it would be fair to say that the competition in the field of electronic and computer repair services is fierce.

The truth is, no matter how competitive the industry is, if you do your due diligence and properly brand and market your service or business, you will always make progress in the industry. Just make sure your staff can perform extensive repairs and maintenance, you can provide superior customer service, and you know how to reach and reach your target market.

But beyond that, there are several electronics and computer repair companies scattered throughout the United States. So, if you decide to start your own electronics and computer repair business in the United States of America, you will surely face stiffer competition between them. In addition, there are larger electronics and computer repair companies that are setting trends in the industry and you should be prepared to compete with them for customers.

List of famous brands in the electronics repair industry

In all sectors, there are always brands that perform better or are better perceived by buyers and the general public than others. Some of these brands are the ones that have been around the industry for a long time, while others are best known for the way they run their business and the results they have achieved over the years.

Here are some of the leading electronics and computer repair service companies in the United States of America and around the world;

• MyTech United States – Hampton
• Netlink USA LLC
• Phonetech United States
• Itema America Inc
• Smart Electronics United States
• United States PC Zone
• Circuit Central USA, LLC
• iRepair United States
• Global Electronics United States
• Sears Appliance Repair
• EZ Fix United States
• Techmaster Electronics Inc.
• Imtech Marine United States
• Electronic Express, Inc.
• Samsung Electronics America
• LLC “Industrial Electronics”
• Godar electronics
• Electronics Department Mid America Electronics
• Dalbani Corporation of America
• Bizcom Electronics Inc

Economic analysis

If you are preparing to effectively launch a business and maximize your profits, you need to make sure that you have performed the right economic and cost analysis and that you have done your best to adopt the best practices of the industry in which you decide to operate. start a business.

Electronics and computer repair services is not a green business as you will come across several electronics and computer repair companies and stores while driving. in the city, search directories and browse the Internet.

So, if you are planning your economic and cost analysis, you should do a thorough market research and determine the cost required to lease the premises where you need to open your business and the amount required for the purchase. the work tools and equipment needed, as well as the operating costs for a successful business.

Also, if you are considering starting an electronics and computer repair business, your concern should not be limited to costs. You need to do both business registration and the acquisition of work tools, as well as branding and building a reliable customer base. The truth is, if you can successfully build a strong customer base, you will be maximizing your business’ profits.

Start your electronics and computer repair service business from scratch or by purchasing a franchise

If you are looking to start an electronic and computer service business, it is advisable to start from scratch, although there are several companies that are dedicated to repairing electronic and computer services. duty free there.

Threats and potential challenges you will face when starting an electronics and computer repair service business

If you decide to start your own electronics and computer repair business, today one of the major issues you are likely to face is having repair service companies and manufacturers. well-known electronics and computers that also offer maintenance and repair services. in your office. The only way to avoid this problem is to create your own market.

Some other issues and threats you are likely to face are the decision to replace hardware by electronics owners in the United States of America. The economic downturn is positive for this type of business, as people would rather fix their electronics than buy new ones during a recession. Adverse government policies can also prevent your business from growing. There is nothing you can do about these threats and challenges except to make sure that all is well with you.

The start of the work of the legal department for the repair of electronics

• The best legal entity to use for this type of business

When you are considering starting an electronic and computer service repair business, the entity you choose will go a long way in determining the size of a business.

You can choose a full partnership, a limited liability company, or even a sole proprietorship for an electronics and computer repair business. Usually, the sole proprietorship should have been the ideal business structure for a small electronics and computer service repair business, especially if you are starting out with little start-up capital in a small area and with just one store.

But if you intend to grow your business and have offices and client businesses in all key cities in the United States of America and other countries around the world through franchising, then choose a sole proprietor. is not an option for you. A limited liability company, LLC, or even a general partnership will do this for you.

LLC training protects you from personal liability. If something is wrong with the business, only the money you invest in the limited liability company is at risk. Limited liability companies are simpler and more flexible to manage, and you don’t need a board of directors, shareholder meetings or other management formalities.

Here are some of the factors to consider before choosing a legal entity for your electronics and computer repair service; limitation of personal liability, ease of transfer, acceptance of new owners, investor expectations and of course taxes.

If you take the time to critically research the different legal entities that will be used for your electronics and computer service repair business, franchise sales, and retail outlets and corporate customers across the United States d ‘America, you agree that the limited liability company is the most appropriate. You can start this type of business as a Limited Liability Company (LLC) and turn it into a “C” or “S” company in the future, especially if you are planning to go public.

Upgrading to “C” Corporation or “S” Corporation will give you the opportunity to grow your electronics and computer repair business to compete with the major players in the industry; You will be able to receive capital from venture capital firms, you will have a separate tax structure, and you can easily transfer the ownership of the business.

Attractive business name ideas suitable for electronics and computer repair service businesses

When it comes to choosing a name for your business, you need to get creative because the name you choose for your business will go a long way in creating a perception of what the business stands for. It is generally the norm for people to follow the trend of the industry in which they intend to operate by naming their business.

If you are thinking of starting your own electronics and computer services business, here are some catchy names you can choose from;

• Electronic and Computer Repair Company Trans Tech®, LLC
• Repair Knits® Electronics and Computer Electronics Co., Ltd
• Jason Wycliffe & Sons © Electronic Repair Company, Inc.
• Gadget Master® Electronics and Computer Repair Company, Inc.
• Radisson Tech ™, Electronics and Computer Repair Company, Inc.
• Relizon Electronics and More ™ Electronics and Computer Repair Company, Inc.
• O ‘Leary Electricals © Electronics and Computer Repair Company, Inc.
• Jerry Madison® Electronic Repair Shop
• Rite Tools © Electronic repair shop
• © HVAC Services, Inc.

Insurance conditions

In the United States and most countries around the world, you cannot run a business without some of the basic insurance policies required by the industry you want to work in. Therefore, it is important to budget for insurance and perhaps consult an insurance broker to help you choose the most appropriate insurance policies for your electronics and appliance repair business. computers.

Here are some of the top insurance policies to consider when buying if you want to start your own electronics and computer repair business in the United States of America;

• General insurance
• Medical / health insurance (if you have workers)
• Liability insurance
• Workers compensation
• General disability insurance costs
• Group insurance for business owners

Protection of intellectual property / registered trademark

If you are planning to start your own electronics and computer repair business, you generally will not need to seek IP / trademark protection. This is because the nature of the business allows you to run it successfully without having any reason to challenge anyone in court for illegal use of your business’s intellectual property.

Is professional certification required to run an electronic repair shop?

Besides your professional electronics and computer repair service scores, professional certification is one of the main reasons some electronics and computer repair companies stand out. If you want to contribute to the electronics and computer repair services industry, you should strive to achieve all the required certifications in your area of ​​specialization.

Certification validates your competence and shows that you are highly qualified, committed to your career and up to date in a competitive market. Here are some of the certifications you can look for if you want to run your own electronics and computer repair business;

• Technician, Commercial Refrigeration, Contractor and NATE Certification
• Certificate of professional competence in electronic devices
• Degree or diploma in electrical and electronic engineering

Please note that you can successfully run an electronics and computer repair business in the United States and most countries around the world, there is no need to acquire professional certifications and business licenses as long as you you have acquired the required technical training and are able to perform repair work on electronic devices.

List of required legal documents Running an electronic and computer repair business

The essence of having the necessary documentation before starting a business in the United States of America cannot be overstated. It is a fact that you cannot conduct business successfully in the United States without proper documentation. If you do this, it won’t be long before the long arm of the law reaches you.

Here are some of the basic legal documents you need to have if you want to legally operate your own electronics and computer repair business in the United States of America;

• Registration certificate
• Business license
• Tax identification number / Tax identification number
• Certificate of work with chemicals
• Health examination certificate
• Business plan
• Non-disclosure agreement
• Employee Handbook
• Employment contract (letters with proposals)
• Operating Agreement for LLC
• Insurance policy
• Online Terms of Service (if you have a website)
• Online privacy policy document (for online payment portal)
• Company charter
• Memorandum of Understanding (MoU)
• Construction license
• Franchise or brand license (optional)

Finance your electronics and computer repair business

When it comes to starting an electronic computer repair business, you can rest assured that it pays off, especially if you choose to start a small business by operating a home or office business. Securing a standard office space in a business district and purchasing work tools and equipment are some of what will require a significant chunk of your start-up capital.

If you decide to start a large scale business, you will need to find a source of funding to fund the business as it is expensive to start a standard large scale electronics and computer repair business in a standard facility and with more than a few full-time employees.

When it comes to business financing, the first thing to consider is writing a good business plan. If you have a good, achievable business plan document, you might not have to work hard before convincing your bank, investors, and friends to invest in your business.

Here are some of the options you can consider when looking for start-up capital for your electronics and computer repair business;

• raise funds from personal savings and sell personal stocks and property
• raise funds from investors and business partners
• Apply for a loan from your bank
• Source of concessional loans from family and friends

Choose a suitable location for your electronic and computer repair service

You may want to start repairing electronics and computers at home. The location you choose to open your workshop or electronics or computer business is the key to business success, so entrepreneurs are ready to rent or rent an item in a visible location; a place where the population is made up of people and businesses who own electronic gadgets and have the requisite purchasing power.

Most importantly, before choosing a location for your electronics and computer repair business, be sure to do a full feasibility study and market review first. It cannot be excluded that you will come across a similar business that will simply close the store in the place where you want to open yours. That is why it is very important to gather as many facts and figures as possible before choosing a location to start your own electronics and computer repair business.

Here are some of the key factors to consider before choosing a location for your electronics and computer repair business;

• Location demographics
• Request for on-site electronic and computer repair services
• The purchasing power of households, businesses and corporate organizations on the site owning electronic and computer gadgets
• Location availability
• Number of electronics and computer repair shops on site
• Local laws and regulations in the community
• Traffic, parking and security

Creation of an electronic repair shop. Technical and personal data

On average, no special technology is required to run an electronics and computer repair business except for work tools and equipment. But you will certainly need computers, the Internet, telephone, fax machine, and office furniture (chairs, tables and shelves), all of which can be used fairly.

When it comes to renting or buying a store directly, the choice depends on your financial situation, but the truth is, to be safe it is recommended that you start with a short term lease / lease while testing the company on site. you take a long-term lease or a full purchase of real estate, and if not, move on and find another great location for such a business.

When it comes to hiring employees for an electronics and standard computer repair company that plans to have client businesses in all major cities in the United States of America, you need to plan for the hiring a knowledgeable CEO (you can fill this role), an administrator and a human resources manager. , Supervisors, technicians, sales and marketing specialist, accountants and cleaners. On average, you will need at least 5-10 key employees to run a small but standard electronics and computer repair business.

Service process associated with repairing electronics and computers

The work process associated with an electronics and computer repair business depends a lot on its field of activity and organizational structure.

Usually, customers bring their electronics or computers for repair. the repair shop and will be invoiced according to the nature of the repairs carried out and the components to be replaced. If it is a well-established electronic repair company, when it receives a contract from a customer, it could be a service, repair or installation of a gadget electronic. He will first carry out a cost analysis to know the nature of the repairs carried out and the parts to be used before sending your offer.

Once their scan is complete, they deploy the manpower and equipment to do the job and then they will be rewarded after successfully completing the job.

It is important to clarify that an electronics and computer repair company can choose to improvise or adopt any business process and any structure that guarantees its efficiency and flexibility; The above electronic repair and computer repair business process is not built in stone.

Beginning of repair activities for electronic stores. Marketing plan

• Marketing ideas and strategies

You agree that in order to do business you must be proactive in marketing your products or services. If you decide to start an electronics and computer repair business, then you need to make every effort to use strategies that will help you attract customers, otherwise you will be more likely to struggle with the business as there are well-known brands that determine the market direction for the industry. …

Here are some ideas and marketing strategies you can use for your electronics and computer repair business;

• Introduce your electronics and computer repair business by sending cover letters along with your brochure to commercial and private users of electronic gadgets and computer systems and other key stakeholders in the city where your business is located. located.
• Advertise on the internet and on social media like Twitter, Facebook, LinkedIn to get your message across so that social media users or those who read blogs know who to call when they need to fix their electronics or their computers. your region
• Create a basic website for your business to give your business an online presence
• Direct marketing of your services
• From time to time participate in roadshows in targeted business communities to promote your electronics and computer repair business
• Join the local association of electronics and IT business owners for industry trends and advice
• Join local chambers of commerce to promote your services
• Promote your business in community newspapers, local TV and radio stations
• List your business on the classifieds yellow pages (local directories)
• Encourage the use of word of mouth marketing (referrals)

Factors to help you get the right prices for your services

One of the key factors that will help you to offer your electronics and computer repair services at super low prices is purchasing your parts and other consumables directly from wholesalers and importers in sizable quantities. The truth is, the more products you buy directly from importers and wholesalers, the less you buy.

Another strategy to help you provide your electronics and computer repair services at the right price is to minimize your operating costs and focus your efforts on marketing and promoting your brand. Besides helping you save on costs, this strategy will also help you get the right prices for your products.

You can also try to work with independent contractors and marketers as much as possible; this will help you save on the salaries of your sales and marketing managers.

Possible ways to increase customer loyalty

When it comes to business, no matter what industry you decide to pitch your tent in, one of the easiest ways to increase customer loyalty and potentially attract new customers is to provide results and always satisfy your customers. If your customers are happy with the delivery of your products and services, it is unlikely that they will be able to find another service or product supplier.

One of the strategies you will need to use to generate repeat sales from your customers and keep them coming back is to get your technicians to do a good job, always on time, and serve customers. do not hesitate. If service and customer service are hesitant, you will probably have a hard time getting your customers back. You can also use promotional ideas such as loyalty programs, direct marketing, and advertisements.

Make sure to offer incentives to your customers if you want to retain them and of course continue to generate repeat sales from them and attract new customers.

Part of what you need to do to achieve this goal is to track progress, results or results with a view to improving them quickly depending on the situation. When it comes to managing your customers and building customer loyalty, you need to buy custom CRM software.

With a personalized CRM system, you can easily keep in touch with your customers (you can respond to surveys quickly, you can submit new products and prices without any difficulty, you can congratulate them on their birthdays and other anniversaries, you can follow their progress, you can send personalized sms and emails and most importantly, you can easily receive obedience and feedback from them).

Strategies to increase brand awareness in your electronics repair shop and create a corporate identity

If you are in business and have no intention of building brand awareness and communicating with your corporate identity, you need to be prepared to embrace what the company will represent your business.

If you are planning to start an electronics and computer repair business, you want to expand your business outside of the city you are traveling to. To become a national and international brand by opening offices in all key US cities and franchising, you must be prepared to spend money to promote and promote your brand.

No matter what industry you belong to, the truth is that the market is dynamic and requires continued brand awareness, incentives, and promotion to keep targeting your target market. Here are the platforms you can use to build brand awareness and build brand identity. style for your electronics and computer repair business;

• Advertise on print (related newspapers and magazines) and electronic media platforms.
• Sponsor relevant community events
• Use internet and social media platforms like Instagram, Facebook, Twitter, YouTube, Google +, etc. to promote your electronics and computer repair business
• Install your billboards in strategic locations in your city or state
• Take part in roadshows from time to time in targeted business districts to promote your electronics and computer repair business
• Distribute your flyers and leaflets in targeted areas
• Connect with commercial and residential users of electronic gadgets and computer systems and other key stakeholders across the city where your business is located, educating them about your business and the services you provide
• List your electronics and computer repair business in local directories
• Promote your electronics and computer repair business on your official website and use strategies to help drive traffic to your site.
• Place your Flexi banners in strategic positions where your business is located
• Make sure all of your employees wear your branded shirts and that all of your vehicles carry your company logo.