IPhone screen repair is the secret behind a great business idea! Why? It has all the elements of a good business idea.
(1) High demand.
(2) Large profit margin.
(3) Market for dynamic expansion.
(4) Affordable fast learning curve.
(5) Low start-up costs.
(6) Low competition.
(7) Perceived barrier to entry.
(1) High demand:
Millions of iPhones, iPods and iPads have been sold. IPhone distribution explodes with Verizon on board. This option goes beyond Apple iPhone repair for other popular, expensive, high-quality devices, such as droid phones.
(2) Large profit margin:
If you belong to a parts buying club you should know Maya Cellular Parts, 3M glass, digitizer and packaging for the most common repair (broken glass) will cost you around $ 7.00 each. It charges $ 45 to $ 99 for glass repair on 3G or 3GS (4G costs $ 134, but parts cost more). Let’s say you fix a 3GS glass in less than 15 minutes (very typical) and spend $ 7 on parts. You will have a profit of approx. $ 38. Where and when did you earn that amount?
(3) Dynamic expansion market:
First, we are talking about more than just iPhone screen repair. We are looking at about 7 things that go wrong when setting up iPhone repair business. For example, iPhone LCD screen repair and iPhone battery repair. Batteries cost less than $ 3. In addition to Apple devices, there is a world that quickly fills glass display in small, practical and much-loved devices. “Has Apple not made sure that the screen glass breaks when they put the glass from a 4G fighter jet? Sorry, the glass on 4G is so thin that it breaks, just like 3G and 3GS. This market is expanding much, much faster than the people who are looking for it can cope!
(4) Fast and affordable learning curve:
You can get a pretty comprehensive “mobile iPhone repair” training online for less than $ 100 online. Approximately 12 days of learning is required before the first cash repair is made.
(5) Low start-up costs:
In fact, your initial cost can easily be zero because the first thing you need are broken iPhones that you want to repair while you learn to repair them and sell them quickly, making a profit on each one. If you have a hand tied behind your back, you can start this business for almost nothing.
(6) Small competition:
When you start, you get business from Craigslist because it’s free. While you may think the CL is very competitive in repairing the iPhone, we recently ran 3 messages on a Sunday. Tuesday morning we had requests for more than $ 2,000 in repairs. It is NOT a very competitive market! Remember this now: Because CL is free, 90% of people who perform repairs on iPhones use CL, but only approx. 10% of the people who want to have their iPhone fixed on CL. Yes, 90% of iPhone repairers fight for 10% of the company in CL! It’s a revolt. Still, a new rookie student earned $ 1500 in 3 days by taking advantage of CL!
(7) Perceived barrier to entry:
No one thinks it’s easy to repair iPhones, it’s not. It’s not as difficult as you and others think! People automatically assume that they need to know and understand difficult electronic repairs. Baloney, you do not need it! However, this general public perception keeps most people out of business. Even better, people post incomplete and erroneous repair videos on You Tube so they can sell very expensive parts. See the comments from all the people who destroyed their personal iPhones trying to fix them! But with the right education and support, almost anyone can do this business with desire.
