Ways to generate revenue from a phone repair store

Being an owner of a cell phone store doesn’t mean that your strategies should be focused on this avenue only. You can branch out and introduce different other services that can generate revenue. There are many avenues in the cell phone repair industry to stay ahead of the competition and generate revenue.  

Services like battery replacement, screen replacement, and water damage repair are services that every other phone repair store offers. There is so much more the cell phone repair centers can offer to stay ahead of their competitors. Let’s have a look at the few opportunities at the phone repair store.

Opportunities for a phone repair store 

Following are some opportunities that can be availed to generate more revenue for a cell phone repair store.

Providing computer repair services

Due to Covid-19 Pandemic, working /Studying from home has become a norm. This means the usage and dependence on computers/Laptops have increased in the past few years. With greater usage comes increased chances of wear and tear.

As a result, there is a sudden increase in the demand for laptops/computers resulting in the demand for computer repair services. If you want your phone repair store to grow its branches, then computer repair services should be included. Some computer repair services that a company can offer are

  • Hardware/software installing/ replacement
  • Screen replacement
  • Keyboard replacement
  • Touch board replacement
  • Screen replacement
  • Battery replacement and many more

Of course, skilled technicians and increased inventory will be a cost the company will have to bear, but the profits generated will compensate in return.

Selling Accessories

If you really want your store to be a retail destination, include accessories as another department to your phone repair store. While customers wait at the shop for their turn or for their product to be repaired, they can browse through these accessories. You can introduce waterproof pouches, selfie sticks, mobile covers, portable earphones, speakers, power banks, chargers, and charging cables to your phone repair store.

Keeping a high inventory of accessories can also cost the cell phone repair center a lot. Hence you can also partner with the authorized dealer and split profits accordingly.

Buying/Selling of new devices

With the increase in demand for technological devices, gadgets are easily available at reduced prices. The gadgets come in various ranges, making them accessible to anyone and everyone. Hence people have started to upgrade their devices rather than go for repair services. Keeping this in mind, phone repair stores should also buy and sell devices like cell phones, tablets, and consoles.

A phone repair store can also decide according to its target market. For example, if the consumers come for electronics repair, they should indulge in purchasing and selling various electronics. Following are the examples of devices that a cell phone repair store in Brooklyn can keep 

  • Laptops
  • Gaming consoles
  • Tablets
  • Smartwatches
  • Drones
  • Printers
  • Custom created PCs for gaming

As generation X and late boomers, we all are a lot into gaming. Hence custom-made gaming PCs are quite a trendy thing. The increase in demand is causing the repair store to jump on the bandwagon and keep specialized gaming PCs up for sale. For customized PC’s following components are of importance like CPU (Central processing unit), Motherboard, graphic card, RAM, Storage, Power supply, and more.

Conclusion

By expanding your phone repair store and introducing new ventures, you can increase your company’s revenue. Companies like Mr. Fix Repair provide various services to their customers. This results in increased revenue. The company provides cell phone repair services, computer repair services, and electronic repairs in Brooklyn and Philadelphia.

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