Hey, repair shop owners!
Many of us wonder if there is still profit in phone repair business in 2024. The answer is a resounding yes.
According to research, around 97% of Americans own a mobile phone. This means that despite new technologies, people still break their phones and look for reliable repair service providers.
Also, the demand for repairs remains high. Compared to buying a new phone that can cost up to $1000, many prefer repairing an existing device as it is affordable and more convenient.
In the same way, advancements in repair tools and equipment, such as cell phone repair shop software make our jobs easier. RepairDesk’s latest features streamline processes, saving time and money. Its’ efficient inventory management, customer tracking, and marketing options lead to better service and repeat customers, boosting revenue.
Diversifying services also have potential in this industry. As highlighted in our previous blogs, you can offer additional services like screen protectors, phone cases, buyback, and trade-in programs. But don’t forget to look for reliable cell phone parts suppliers that can provide you with original, long-lasting phone accessories.
As we (repair business owners) move forward and talk about the future of repair services and what it means for us, we can expect this industry to grow even bigger.
As far as the matter is concerned with gross margin, you can make up to 50% profit by offering phone repair services. Just don’t comprise on
- Repair service quality
- Customer service
- Reliability of parts
By staying informed and offering excellent service, we can keep our businesses booming. Hopefully, we all will grow and thrive in this industry and expand our single stores to multiple franchises soon.
Hopefully, you enjoyed reading this post. Till next time!
