HOW TO START ELECTRONIC DEVICE REPAIR BUSINESS IN NIGERIA
In Nigeria today, there are many businesses available for entrepreneurs if they are well equipped with adequate information and are also ready for everything the businesses entail from start to finish. The repair of Television sets as well as other electronic devices which are commonly used in the house is one of those businesses available. It has been around for a long time, although it is not as popular as it used to be with only a few people now practicing the business. It is a lucrative business, especially with the popularity of the devices that go through repairs daily. The few entrepreneurs practicing this line of business are making excessive profits, especially for those choosing the direction of mobile phones.
The business, just as the name implies, involves everything from repair or care to maintenance for a particular device brought in by a customer. The business is operated in such a way that customers who have issues with their devices can just simply come over to the shop or contact experts online to be able to get their electronics fixed. There are a lot of electronic devices used in Nigeria and even many are bought as fairly used, which might already come with some problems or issues that are sometimes only fixable by professionals. The repair business is there to cater to this segment, and there is even the option of selling a few other things on the side as a plus for the business.
The business can be operated in diverse ways. One is the traditional method where individuals go to the repair shop to meet with professional repairers to help them to solve any problem the electronic gadget has developed. In this form, the owner of the business surely needs to get a location where clients can come in to fix their devices. As most businesses are now being operated online, there is also an option of getting customer complaints online from a website or a social media page and then going over to their place to fix them. www.kusnap.com offers alternative options for services. People offering services, such as repairs and styling, register on the website and get customers to patronize them. In most cases, repairers also sell additional items besides repairing to augment their income. It could be products relating to what they repair or just other items entirely different from their profession if it has a good demand.
One of the reasons the business is a good option is due to the high demand for such services. Television sets, refrigerators, electric blenders, electric iron, and other lists of electronics can be found in many Nigerian homes, making their repair or replacements of damaged parts a ready business option. An electronic repair shop is found in nearly all the streets in cities and towns across the country. At some point, electronics developed a fault, and this is when repair experts come in. Good demand for repair services raises the income prospects of the entrepreneur who renders such services. Most of the time an electronic repairer is busy fixing one thing or the other in electronic devices. Repairing needs a lot of concentration and focus. It could equally be monotonous and time-consuming. So, to succeed in the electronic repair business, you must have a passion for it.
Starting an electronic business is easy. To be an electronic repairer, you must receive training on the electronic gadget that you want to specialize in. Although they are individuals with exceptional skills who can repair virtually all electronics brought to them. This type of ingenuity is developed by individuals based on their level of understanding of basic concepts. However, as a rule of thumb, individuals who want to go into this line of business will need training. They can get enrolled with an expert to get some insights on the business or repair of these devices online. It also means that it is a business that anyone can start as long as he/she is willing to learn everything about how to repair electronic devices. one does not necessarily need an educational qualification or experience to be able to start the business, though getting one will be a plus.
In the next subheads, we will be discussing the steps involved in starting an electronic device repair business in Nigeria. Useful ideas during running the business will be explored.
No matter what you have heard someone say about a business and how well success is assured or how lucrative it would turn out, always try to do your research. The research will not cost anything except your time, and the time will prove to be well spent when the business starts. This is where the successes start coming. It is important you do a thorough investigation into the business since you will be investing money in it. Some hours of research will not hurt.
The research is meant to give an idea of what to expect and the challenges ahead. It shows the risks involved and the ways to tackle them. It also gives ideas on how to sustain the business and work towards more success. Having no sound knowledge about electronics repair is to be ill-equipped and it could be very frustrating when you are faced with a problem that a little research would have solved.
There are experts in the business already, who you should consult for advice as they are the best bet for reliable information on the business. Take note of even the smallest detail during the research and pay close attention to how to stay afloat and survive in the repair business. The importance of research cannot be underestimated.
- Write a Business Plan
A business plan needs no introduction. Putting together a business plan requires asking a lot of questions and taking time to produce well-researched and insightful answers. It helps the entrepreneur to articulate his vision, avoid avoidable mistakes and prove the viability of the business. It is equally important as it contains all the details involved in the business. After comprehensive and thorough research has been conducted, entrepreneurs must now put all their ideas into paper and thereafter decide to start the business. The business plan will cover areas like the way you plan to operate, tools needed and their cost, marketing plans, future projections, and contingency plans.
The business plan serves several purposes. In cases where the owner needs investors or a loan, it will prove useful as it contains all the information about the business. It also serves as a point of reference for the proposed business.
- Capital and Location
The need for capital to start a business cannot be overemphasized. So, the capital required for this business is small, which is subject to the scale one intends to start with. Money is needed to rent a shop, purchase repair tools, and for other contingencies. On the other hand, if you choose not to own a shop, the capital raised will only be used to buy repair tools. Purchasing a power generator should equally be a priority due to the frequent power outage in the country. The location of the business should also be considered. A repair shop should be in a town or city where the concentration of people is high. This will ensure more patronage which will translate into more income.
- Knowing the Right Spare Parts and Where to Get Them
Knowing the right spare parts and where to obtain them is important. An electronic repairer should know all the components of an electronic he/she repairs and their sizes. Knowing where to get each spare part is especially important. A part is a basic aspect in electronics that has leads that allow it to be linked to other elements to form a functional device depending on the desired application. Parts are divided into passive components and active elements.
- Marketing Strategy
All businesses need some form of marketing. Electronics repair is not an exception. To increase patronage and drive income upwards, marketing is necessary. This could be through flyers, banners, and mostly referrals. A professional in electronics repair would always have a lot of faulty electronics brought for repairs. Social media platforms such as Facebook, Twitter, and YouTube provide avenues for greater awareness.
Electronic repair is a good business choice. Steady income flow is a guarantee since every home in a town and city in Nigeria has electronics. With usage, electronic gadgets often break down. Once this happens, the services of their repairers are sought. Before any repair, the charges are fixed already, which would be paid after repair. A part might be damaged or develop a fault and need replacements, which, of course, is the work of an electronic repairer. Regardless of the unpopularity of the business in the recent decade, the prospects are still high.
The start-up series is regularly brought to you by Kusnap Africa Limited. For more information about the Kusnap brand, visit https://www.kusnap.com/; and for Kusnap Entrepreneurial Institute, visit https://blog.kusnap.com/.