In today’s fast-paced lifestyle, people increasingly rely on their smartphones and mobile devices for more and more aspects of their daily life. Apple’s iPhone is the world’s most popular smartphone with over 60 million units sold, and their sales are growing exponentially. With the ability to run your entire life and business from these devices, it’s no wonder people are so dependent on their iPhones. They only face one fall – they are very likely to break.

On average, 4.5 million iPhone glass screens break each year. In the past, the only options were to bring the phone to Apple ($ 200 to repair), take it to a large repair shop ($ 80 to repair), or have a repair service in the mail and stay without a phone for 3 to 5 days. A new trend of home iPhone repair businesses is emerging and becoming extremely successful.

The factors that contribute to their success are

  • Local – Within 10 miles of customers
  • Fast – Repairs completed in less than 15 minutes
  • Inexpensive – Average $ 40- $ 60

IPhone repair business start-up

Once you have decided to start an iPhone repair business, the first step is to learn about repairs. It is easier to do this by buying a broken iPhone so that you can practice on it and not worry about breaking any of your customers’ phones. It also gives you more time to familiarize yourself with opening the phone and using the tiny components.

Now that you have mastered the skills of the trade, you can begin to determine how you are going to run your business. Things like where are you going to get spare parts, how are you going to market, and where you actually want this business to take place. There are a growing number of people who are running home iPhone repair businesses and simply setting up at home. This model works well because it saves costs on all fronts and you can work from the comfort of your home.

Even if you are planning to open a futures store, starting at home and getting a feel for the demand in your market is always a good idea. If you do decide to work from home, it is important to check local laws on running a home business and make sure you are in compliance.

Which iPhone repairs bring in the most money

The iPhone’s front glass screen is very sensitive to drops and accounts for 80% of broken iPhones. The rest of the repairs consist of water damage, a charging port, speakers, etc. The advantage of the iPhones front glass screen is that a replacement screen can cost less than $ 10. This leaves a profit margin of $ 40 to $ 50 per repair which takes an average of 10 minutes. The business or repair of cracked iPhone screens alone is worth over $ 200 million, based on the average price of $ 50 per repair.

Inventory

Your inventory level should increase as your sales increase. However, it is prudent to start small, keeping the inventory at a realistic level. For example, keeping enough parts on hand to last at least 5-7 days is a good measure. This way you will have enough time to order more parts and allow for the shipping time. It’s always good to have a little more inventory than you need so you never run out of parts if you have a particularly busy day.

Another important factor when buying parts is quality. There are dozens of parts suppliers and not all parts are created the same. For example, the iPhone 3G screen has four different quality levels which are all marketed as the same part by online vendors. You will never know what quality you are getting until they are shipped to you. There is also the issue of using an American or Chinese supplier. It is recommended that you start with a US supplier and then, based on your own risk tolerance and how long you can wait for shipping, try other options.

Marketing Your iPhone Repair Business

Once you are comfortable with the repair process, you need to start marketing your new business. If possible the best first customers are friends or acquaintances you know because they will be sympathetic if you are late doing the repair or if you run into a problem.

The next step is to start marketing in your area. There are dozens of ways to do this for free. There is absolutely no need to spend money on anything other than business cards and flyers. One way, for example, is to post flyers with tabs on notice boards at grocery stores, daycares, car washes, and restaurants in your town. Another free option is to post ads on websites like Craigslist and Kijiji.

Pricing your iPhone repair services

Pricing your repair services is a difficult proposition. Set your price too low and you run the risk of undermining your profits. Whereas if you set your prices too high, you can run the risk of losing customers to your competition. An important thing to take into consideration is your competition and the prices they charge. You can find them by searching online for “Your City iPhone Repair” and it should bring up your top local competitors.

The only universal price is Apple charging $ 200 to fix a cracked screen. It is not always beneficial to cut down on your competition, but in a home iPhone repair business it is usually quite reasonable because you are reducing the cost of having a storefront. Setting your price is pretty straightforward, just remember to factor in spare parts, labor, advertising, and any other expenses you incur. The typical profit margin for most repairs is $ 40 to $ 60.

Income potential

The opportunities in the home iPhone repair market are increasing exponentially. Your earning potential depends on your job and the marketing of your business because if you live in a city or a suburb the market is there!

There are dozens of iPhone repair companies started by United iPhone Repair, some full time and some part time. Part-time businesses, people who just fix phones at night, are able to do an average of 3 iPhone repairs per day, which equates to $ 37,500 in revenue per year or $ 30,000 in profit. Whereas full time businesses can bring in 5-10 phones per day and generate revenues of over $ 100,000 per year.

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