Are you a technology freak? Do you want to learn how to make money off technology enthusiasts? Do you want to learn how to start an iPhone repair business? If YES, here is an in-depth sample Smartphone repair business plan template for those interested in starting an iPhone repair business from home. Because more and more people are now using Smartphones and mobile devices to plan their lives and businesses, the demand for these devices keep increasing by the day.

The Apple iPhone is the most successful Smartphone brand in the world, having sold over 60 million units; and still recording exponential growth in sales. But with this widespread preference for the iPhone comes one major downside, iPhones are susceptible to breaking when they drop on hard surfaces.

The iPhone is the fastest selling and the most popular smart phone in the world. Everyone at some point wants to upgrade to an iPhone and I am sure you too have been tempted. With many of this type of phone in circulation, knowing how to start an iPhone repair business may just be your ticket to becoming financially successful in the next few years.

Every year, over 4 million iPhone units are rendered useless due to broken screens alone. Yet, many more come down with other faults and the high cost of having them repaired has left many with either holes in their pockets or a broken phone that nobody wants. In the past, the only options users had to get their faulty iPhones fixed were to send it back to Apple (this costs around $200) or take it to a big repair shop (this costs around $100).

Now, can you imagine how much you could make from fixing faulty iPhones? Well, there’s no limit. There are millions of people with this one problem who would gladly pay you to help them solve it quickly. (Of course, it’s much easier to repair a faulty iPhone than to buy a new one).

Another sweet fact about this business is that you will not be limited to just iPhone repairs, you can also undertake repairs on other smartphones such as Samsung Galaxy Tablets, Android Tablet PCs, HTCs, iPad and other Pocket devices as the operating mechanism of all smart phone is almost the same.

If you want to know the profit potential of starting an iPhone repair business, then I suggest you take a visit to a mobile phone repair shop and observe the number of people that troop in just to repair their phones. With that much broken phones and only few people who are not taking advantage of the whole fad, the potential of succeeding is huge.

So if you are interested in starting a home-based business, then an iPhone repair business may be a perfect fit for you, as you have bright chances of becoming very successful in the long run. Many people have started this business and are already making huge profits. The factors that contribute to the success of the business include the following:

  • Customers are easily within reach
  • Repairs are done quickly, sometimes in less than 30 minutes (so customers no longer have to part with their phones for 3-5 days)
  • Cheaper costs ($40-$60 on the average depending on the fault)

So, if you have an eagerness to learn, then the iPhone repair business is a good opportunity for you to get paid for putting smiles on people’s faces. The repairs are very straightforward; so you won’t spend more than few days on learning. And since you would only have to devote few hours per day, your day job won’t suffer. Having said this, let’s discuss more on how to start an iPhone repair business.

Starting an iPhone Repair Shop – Sample Business Plan Template

Firstly, it is important that you bear in mind that in order to succeed as an iPhone repairer, you must have three things:

  • Speed and accuracy

You must be able to do the repairs quickly and correctly

You must have an effective strategy for bringing in customers (while retaining old customers as well)

  • Quality delivery

You must replace faulty parts with quality replacement parts

With the above in mind, let’s now discuss the steps involved in starting an iPhone repair business.

1. Learning everything you can about the iPhone

The most common fault with iPhones is a cracked screen. Learning how to fix this takes only 3-4 hours. You can learn how the repair process works by searching out and watching videos on YouTube. However, you must keep in mind that most of these videos leave out important steps in the repair process because they were produced by companies that expect you to send faulty iPhones to them; so they don’t want you to get all the details.

But nonetheless, you can learn get full knowledge by watching as many videos as possible. During the learning process, I recommend you buy a used or broken iPhone that you can practice with. This will help you hone your skills before you start dealing with customers’ phones.

But no matter how much you read and study, the best way to learn iPhone repair is to approach an expert. This way, you will learn faster, and you will understand how to fix a wide range of faults.

2. Find a reliable source of quality spare parts

It’s very essential that you find a source to supply you with quality spare parts. Many manufacturers, especially in China, produce knock-off iPhone parts that either don’t last long or don’t work at all.

Surprisingly, many distributors pass these off as quality parts despite the obvious differences in performance and feel. Always spend the extra penny for high quality parts, as this will leave your customers satisfied and would help your business achieve long-term success.

3. Get the necessary tools, software and a laptop

4. Secure a good location; or better still, start from home

5. Market the hell out of your business

Once you have taken the first two steps, you need to start marketing your new business. The best customers to start with are your friends, acquaintances, or neighbors; because they will understand if you take too long to fix a fault or run into a problem due to the fact that you are just starting out.

Once you are very confident in your skills, you can start marketing to potential customers around your local area. An easy way to do this is to print and distribute business cards and flyers. Another good idea is to advertise on free classified ad websites such as Craigslist. You can also take a bold step to setup a website and connect with potential customers on social media.