IPhone screen repair is the secret to a great business idea! Why? It has all the elements of a good business idea.
(1) Great demand.
(2) Large profit margin.
(3) Market in dynamic expansion.
(4) Fast and affordable learning curve.
(5) Low starting price.
(6) Low competition.
(7) Barriers to experienced entry.
(1) High demand:
Millions of iPhones, iPods and iPads have been sold. IPhone distribution is exploding with Verizon on board. This option flows beyond the repair of Apple’s iPhone to other popular, quality and expensive devices, such as droid phones.
(2) High profit margin:
If you belong to a parts buying club, the glass, digitizer and 3M package for the most common repair (broken glass) will cost you approximately $ 7.00 each. You will be charged $ 45 to $ 99 for glass repair on 3G or 3GS (4G is like $ 134, but the pieces cost more). Let’s say you fix a 3GS glass in less than 15 minutes (very typical) and you spent $ 7 in parts. You make a profit of about $ 38. Where and when did you make that kind of money?
(3) Dynamically expanding market:
First, we talk about more here than just repairing the iPhone 7 Plus repair screen. We see about 7 things going wrong and we set up an iPhone repair business. For example, repairing the iPhone’s LCD screen and repairing the iPhone’s battery. Batteries cost less than $ 3. In addition to Apple devices, there is a world that is quickly filling up with glass screens in small, convenient and much-loved devices. “Apple did not deal with screen glass break when they put the fighting glass in 4G? Sorry, but the 4G crystal is so thin that it breaks, just like 3G and 3GS. This market is expanding much, much faster than that repair , which chases, it can handle.
(4) Affordable and fast learning curve:
You can get a pretty complete online tutorial on “mobile repair of iPhones” for less than $ 100 online. Approximately 12 days of learning are required before you make your first repair for money.
(5) Low starting price:
In fact, your initial costs can easily be zero, because the first thing you need is broken iPhones that you want to repair as you learn how 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 next to nothing.
(6) Small competition:
When you start, you get the Craigslist business because it’s free. While you may think that CL is very competitive for iPhone repair, we recently published 3 ads on a Sunday. Tuesday morning, we had requests for more than $ 2,000 in repairs. It is NOT a very competitive market! Remember now: Since CL is free, 90% of people doing repairs on iPhones use CL, but only approx. 10% of people who want to get their iPhone have a fixed look on CL. Yes, 90% of the people who repair the iPhone fight for 10% of the business in CL! It’s a riot. Still, a new rookie student earned $ 1500 in 3 days getting CL business!
(7) Access barrier experienced:
No one thinks repairing iPhones is easy, it’s not. It’s not as hard as you and everyone else thinks! People automatically assume that they need to know and understand difficult electronic repairs. Baloney, you don’t need it! However, this perception of the public keeps most people out of business. Better yet, people put incomplete and erroneous repair videos on You Tube so they can sell extremely expensive parts. Look at the comments of all the people who destroyed their personal iPhones and tried to fix them! But with the right education and support, almost anyone who wants it can do this business.