A computer repair business is one of the most profitable and most rewarding of all the businesses. This is because virtually all businesses regardless of their sizes and areas of specialization use computers. Only a few of these businesses have in house IT specialists. This means majority of them have to source for these services elsewhere. However, before you resign from your current work place and move into self employment, there are a few things that you need to put in place to increase your chances of success. Below are some of these things.
You should first decide whether you want to have a storefront or run from home. A storefront is ideal because you will have access to more customers. However, storefronts also come with greater responsibilities and risks. On the other hand, running from home requires less overhead. In case you opt for storefront, location will be everything. Try to operate in an area with few similar businesses.
Next step is to write down your start up cost. When budgeting for this, you need to plot away to cater for your expenses for at least three months. This is because most businesses take a minimum of three months to actually start realizing any return on investment. Remember that during this time you will need to do marketing from your own pocket. There are also other utility bills to be paid like electricity, water, web hosting and so forth.
You must also not operate without insurance cover especially for the first few months. You are likely to commit very many mistakes during the first few months of your operation. Because of this, you should have liability insurance cover to protect you from liability. Do not just pick the first insurance company that you come across, you need to window shop.
You will also have to fix price for your services. When doing so, you should have your competitors in mind. If your rates are too high, you risk losing clients. On the flip side of the coin, if you charge too low, you will incur losses. This is a delicate balancing act that must be done with several factors in mind.
Advertisement is also part and parcel of business. As such, you need to explore possible avenues to advertise your company. Take the advantage of free media like twitter, facebook and LinkedIn. You also need to have a website where first time clients can get to know about your company.
Because you are dealing with computer repairs, you probably will need spare parts. Instead of sourcing for spare elsewhere, you can also stock them in your store or enter into partnership with spares supplier. Ensure you stock quality parts and offer warranty to customers who buy spare parts from you. This will attract you few more clients because clients always believe that good products come with warranty.
Always ensure that you give your customers the best if you want your computer repair business to grow. You also need to remember that it is illegal to operate without license. So before you roll out your services, you need to acquire one.
You should first decide whether you want to have a storefront or run from home. A storefront is ideal because you will have access to more customers. However, storefronts also come with greater responsibilities and risks. On the other hand, running from home requires less overhead. In case you opt for storefront, location will be everything. Try to operate in an area with few similar businesses.
Next step is to write down your start up cost. When budgeting for this, you need to plot away to cater for your expenses for at least three months. This is because most businesses take a minimum of three months to actually start realizing any return on investment. Remember that during this time you will need to do marketing from your own pocket. There are also other utility bills to be paid like electricity, water, web hosting and so forth.
You must also not operate without insurance cover especially for the first few months. You are likely to commit very many mistakes during the first few months of your operation. Because of this, you should have liability insurance cover to protect you from liability. Do not just pick the first insurance company that you come across, you need to window shop.
You will also have to fix price for your services. When doing so, you should have your competitors in mind. If your rates are too high, you risk losing clients. On the flip side of the coin, if you charge too low, you will incur losses. This is a delicate balancing act that must be done with several factors in mind.
Advertisement is also part and parcel of business. As such, you need to explore possible avenues to advertise your company. Take the advantage of free media like twitter, facebook and LinkedIn. You also need to have a website where first time clients can get to know about your company.
Because you are dealing with computer repairs, you probably will need spare parts. Instead of sourcing for spare elsewhere, you can also stock them in your store or enter into partnership with spares supplier. Ensure you stock quality parts and offer warranty to customers who buy spare parts from you. This will attract you few more clients because clients always believe that good products come with warranty.
Always ensure that you give your customers the best if you want your computer repair business to grow. You also need to remember that it is illegal to operate without license. So before you roll out your services, you need to acquire one.
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