Do you break out in a cold sweat when your computer displays an error message or a black screen?
Or do you like taking a computer apart to see how everything works?
If you love technology and can troubleshoot and solve problems, a career as a computer repair technician could be suitable for you.
Better yet, consider opening your own computer repair shop instead of working for someone else.
This is an exciting and rewarding field to work in since so many people today depend on computers.
In this review, we’re going to see if you have what it takes to to start a computer repairing business.
Towards the end of this article, you’ll find answers to some of the most frequently asked questions on how to start a computer repairing business…
Computer repair businesses offer services to help customers maintain and fix their computers. Many companies work with computer repair companies to fix and troubleshoot problems.
However, they can also set up networks, offer in-house services, and sell computers and other accessories. The most requested services offered include virus removal and data recovery, system updates, security updates, and system upgrades.
Some small businesses offer only commercial services. While others specialize in PC repair. Some companies offer both.
A majority of repair businesses have a location. However, some might provide in-house or in-business visits to help with setting up or maintaining networks.
IBIS World says that the electronic and computer repairs industry has experienced a decline of 0.7 percent annually between 2014-2019. In 2019, the industry’s total income was expected to decrease by 1% to $19billion.
The number of businesses in the industry has declined as a result. It now stands at 53,960. These businesses currently employ 140 298 people.
The industry’s declining revenue is due to many factors. With computers and other electronic items becoming cheaper, fewer people choose to have them replaced.
Instead, they are replacing their equipment when they fail. Businesses also follow this trend, investing in high-quality equipment to replace old, worn-out, or damaged equipment.
These statistics may seem depressing at first, but it is possible to still have a successful computer repair company if you stay on top of customer trends.
Although the overall computer repairs industry is experiencing a decline, certain services remain in demand. Repair Desk says computer technicians must keep up to date with technology as computers and technology develop rapidly.
A repair technician should be able and willing to assist customers with issues involving new software or new versions of operating systems.
Experimax says that computer repairs are increasingly being combined with cell phone repair. Computer repair technicians have begun to offer cell phone repair services as smartphones increasingly resemble computers.
Technicians have many options to extend their services beyond computers. These include screen repairs, virus removal, and general troubleshooting. A growing cell phone repair cost means that customers will pay more to fix a $1,000 phone rather than a $300 one.
The business model and services provided will determine the target market of a computer repair shop. A local business specializing in personal computer repair will target computer owners who have invested in higher-end machines.
A business that offers computer maintenance and network services to businesses may be limited to those with specific technologies or companies of a small size.
Computer repair businesses often specialize in specific types of computers, such as Macs or PCs. This can have an impact on the market that the repair business targets.
The cost of owning a computer repair shop will depend on its business model. Startup costs for a home-based computer repair business are between $2,000 and $3,000.
The startup cost of a repair company with a brick & mortar location will be closer to $10,000 but is still manageable.
The following are some typical startup costs.
Creating a business plan is the next step once you have decided on an idea. Not only will banks require that you have a plan for your business, but numerous studies show that having a plan can help increase your chances of starting a profitable business.
A business entity (also known as a legal entity or business structuring) is the legal organization to allow it to legally operate. There are four basic business entities you have the option of choosing from. They are sole proprietorship (partnership), corporation, limited liability company (LLC), and partnership.
It can be difficult finding the perfect business name to run a computer repair shop. Names must not only be appealing to your new customers but also have to be easy to find.
While a computer repair company may need a brick-and-mortar storefront, most businesses can be launched from their homes and enjoy a flexible schedule.
However, customers can drop their computers off at your business location, which can help you save valuable time. So it may be worth investing in or expanding into a brick-and-mortar location.
Prices for renting a business property vary based on its size and location. While retail properties may be more expensive than those in other locations, they will likely generate more walk-in sales and increase awareness.
Computer repair businesses are not required to have a business license. However, general, local, state and federal registrations include a sales tax permit, employer ID number, and occupancy permit.
Even though there are no certifications, it can be worth seeking out certification in certain technologies.
The most common include CompTIA Certified Network Associate Cisco Certified Network Associate, Certified Information Systems Security Professional CISSP, Microsoft Certified Systems Engineer (MCSE), and many others.
Customers can recognize that your company has the technical expertise to fix their computer problems and may even be why they choose you over other companies.
The idea of a business and the ability to run it are two things. However, funding for a new computer repair business can be a different matter.
Although the initial costs of starting a computer repair business are low, borrowing money can be difficult as most of the costs are tied to building renovations and inventory.
To obtain a small-business loan, the borrower(s), who will need excellent credit, must also invest between 15 and 25% of the total startup cost.
Separate business bank and credit card accounts allow you to better track your business’ income and expenses.
Marketing is essential in the promotion of a new computer repair shop and in bringing in customers. Marketing options for computer repair businesses include creating a website and handing out flyers, brochures, and business cards.
They can also use social media marketing for advertising in local print publications. The type of marketing activities used will affect the marketing costs.
If you want to be competitive, look at what certifications your competitors have. Then see if your company can obtain a new certification. You might also consider the type of repairs being done by your competition to determine if you can specialize in that area.
Securing multiple types of insurance to fully cover a computer repair shop is a smart move.
Insurance policies are expensive and can be affected by many factors, including location, equipment cost, and property value.
Ask for quotes from several companies to get an accurate picture of the costs of insurance. Compare the quotes and take into consideration factors like coverage limits, premiums, exclusions, and deductibles.
The initial workload for a computer repair business can be handled by a business owner. However, as the business grows, it might be necessary to hire additional staff.
Salary.com states that the average hourly income for computer repair technicians is between $24 and $35. Budget for other expenses, such as worker’s comp, paid time off, or health insurance contributions.
Setting up an accounting system is crucial to the long-term success of your computer repair company.
Not only does it keep the company out of trouble with government agencies, but you can also track and monitor trends in cash flow and cash flow to maximize profits.
The location of the computer repair business, its specializations, service offered, and years in business will all affect how much income and profits it makes.
A GlassDoor.com report states that the average salary for computer repair technicians in America is $35,240 per annum. The low end of the wages reported was just $22,000 per yr, while the high end could reach $62,000.
Computer repair shops charge an hourly rate for complex services like setting up network connectivity for a company. While other services are more affordable at a flat rate, such setup of new operating systems, these services are expensive.
You must remember that income and success will be affected by many factors. To make extra income, you may consider starting your business part-time to build your customer base.
You can boost your annual profits by offering specialty services such as support for business networks and management.
While starting a computer repair shop can be a good career move, it is essential to be prepared for some challenges.
Consider how much you will spend on marketing and customer acquisition. Additionally, think about the services you can offer to increase your recurring customers.
One or more certifications can help you prove your expertise in computer repairs. This could be valuable for clients trusting you and your business.
The most common certifications are the Cisco Certified Network Associate and Microsoft Certified Systems Engineer.
Due to the rapid obsolescence in computer equipment, many people prefer to replace it rather than fixing it. Expand your options for electronics repair to other areas such as televisions, cell phones, and stereos.
However, the most important is to consider is the quality and level of customer service. Excellent customer service is crucial in this modern age. It can make the difference between a business succeeding and a business failing. Give your customers the best possible service and make it a priority.
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
With this digital real estate program, you can have the ability to completely walk away from manual labor!
Sound too good to be true?
Of course it does!
But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%… let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 20 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $1000 a month!
See why they call it digital real estate now?
That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to answer the phone…all you have to do is get the phone to ring.
Unlike the passive income ideas I mentioned earlier…
This one actually allows you to collect that without working in a brick and mortar business all day.
Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group where you can ask questions and be in a community with others on the same journey as you.
Digital real estate allows you to have passive income with most of your day being spent OUT of the brick and mortar landscape.
Now, I know you probably have tons of questions… So, check this out to learn more.