Are you interested in starting a data recovery service business? Do you need a sample data recovery business plan template? Do you have programming or computing skills for recovering lost data and you want to make money with this skill? If your answer to any of the questions above is YES, then i advice you read on.

More and more businesses are now relying heavily on data. From personal details about employees to databases of customer contacts, vital and confidential information are handled by businesses on a daily basis. And the sudden loss of these data can result in terrible consequences. In fact, sudden data loss due to natural and man made disasters has forced some companies out of market.

Due to increasing cases of unexpected data loss, companies that handle huge volumes of data are realizing the need to keep their data secure and safe in a system from which they can retrieve it easily in the event of sudden loss. And this explains why the demand for data recovery services is booming.

Data recovery is a sunrise industry. The competition in the field is becoming more intense by the day, but the rapid growth and spread of information technology products in recent years have been phenomenal, and there is enough space for every new player to get a decent share of the pie.

If you have a good background in IT and would like to start a business of your own, then starting a data recovery business might be the right option for you. You can read on to learn the basics on how you can pull this off as well as the steps involved in setting up the business.

Starting a Data Recovery Service – Sample Business Plan Template

1.Define your target market

There are many kinds and models of data recovery procedures depending on the specific needs of customers. Before starting your data recovery business, it is very important that you clearly define who your target customers are.

There are three types of customers you can choose to cater to. These include homeowners and other individuals, small businesses and shops, and corporations. Your choice of target customers will depend on your skills and the facilities you have.

2. Evaluate your skills

Another step to take towards setting up a data recovery business is to appraise your capability in servicing data recovery and see which model best fits your expertise.

If you are just knowledgeable in recovering data from hard disks and other small data storage devices, you can start with homeowners and individuals looking to protect their data. But if you are an expert with deep knowledge of data recovery, you can target big corporations, since your knowledge is sophisticated enough to service them.

3. Craft a business plan

Once you are sure you really have what it takes to start a data recovery service, your next step is to write a comprehensive business plan. This will highlight various important details about the business such as projected operational costs, required startup capital, market analysis, marketing strategies, competition, and so on.

Not only will a business plan give you some insight into what you will need to start your business, but it will also guide you through your path to success.

4. Secure your office and needed facilities

One of the upsides of the data recovery business is that you can start from an office within your home; provided you will be catering to individuals and small businesses. You will need a computer and a high-speed internet connection.

Some of the equipment you will need include the following:

  • Dead drive cloning system: This assesses drives for files that cannot be seen by a computer (lost files) and uses a logical recovery software to extract the data to the new destination drive.
  • Multiple platter exchanger: This allows for the physical repair of drives.
  • Interactive drive firmware system: This allows you to switch on or deactivate specific components of a sealed drive to determine what the problem is before the drive is opened up.
  • Actuator removal tool: This allows you to safely remove the magnetized actuator from the interior of a hard drive.
  • Hard drive assembly bench: This wire frame holds the drive up off the table securely. It increases the reliability of your recovery services by keeping everything in place at all times.

5. Start business

After acquiring the equipment and facilities that you need, you can start hunting for clients. Cold calling, printing flyers and handbills, and advertising in newspapers are all proven offline marketing techniques.

Since the internet is where you can link up with many of your clients, you will also need to adopt proven online marketing strategies such as setting up a small website to promote your services, promoting your business via social media, and paying for display ads on high traffic blogs frequently visited by your potential customers.