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Cell Phone Accessories Store Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Wholesale & Retail

Do you want to start a cell phone store and need to write a plan? If YES, here is a sample cell phone accessories business plan template & feasibility report.

In as much as people still make use of cell phones, the demand for cell phone accessories will continue to rise. Cell phone accessories store business is indeed a profitable business because the replacement of damaged or worn-out cell phone parts and accessories is compulsory to extend the lifespan of cell phones.

If you are looking for a business to start as an entrepreneur and you know you have an interest in the technology cum cell phone industry, then you should consider starting your own cell phone accessories business. Although you don’t need a college degree to establish this business, but you need some form of informal training, you might have to work as an apprentice with someone who owns a cell phone accessories store.

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It is important to point out that cell phone accessories store business can’t go out of fashion because of the role it plays in the cell phone industry. Depending on the scale you want to start, the startup capital for this type of business can be considered to range from small to moderate.

As a matter of fact, you can start your own cell phone accessories store from a mobile store and then grow it big within a short period of time by re-investing your profits back to the business.

If you are sure this type of business is what you want to do after you must have conducted your feasibility studies and market research, then the next step to follow is to write a good business plan; a detailed blue print of how you intend raising your seed capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services.

Below is a sample cell phone accessories store business plan template that will help you write yours without much stress.

A Sample Cell Phone Accessories Store Business Plan Template

1. industry overview.

Cell phone accessories include any hardware that is not integral to the operation of a mobile smartphone as designed by the manufacturer. Cell phone accessories stores is a subset of the Smartphones industry and operators in this industry retail smartphones and accessories through traditional brick-and-mortar outlets, online websites and by mail order.

IBISWorld projected that over the five years to 2022, the Retail Market for Smartphones industry is anticipated to benefit from the growing demand for smartphones and increasing percentage of services conducted online. As per capita disposable income increased, consumers have increasingly purchased discretionary items. Smartphones are considered particularly discretionary because they are at the higher-end of the cellphone market.

Furthermore, the industry has benefited from a rise in the popularity of products spanning a wide range of price points. This industry benefits from constantly improving technology, which benefits operators in two different ways. As technology improves, the efficiency of manufacturing certain smartphones rises and the cost typically falls.

Going forward, the Retail Market for the Smartphones industry is anticipated to continue to benefit from growing disposable income and increasing demand for smartphones, specifically those at the higher end of the market. Per capita disposable income is anticipated to increase at an annualized rate going forward.

During this time, consumers are anticipated to upgrade and purchase new smartphones as they are less wary about spending money on discretionary purchases. Industry growth is anticipated to slow down as the smartphone market becomes saturated, however as it becomes a consumer stable, industry operators will likely improvise to stay afloat.

Statistics has it that in the united states of America alone, there are about 40,558 registered and licensed smartphones retail stores scattered all across the United States responsible for directly employing about 467,650 people and the industry rakes in a whooping sum of $86 billion annually.

The industry is projected to grow at 10.1 percent annual growth within 2015 and 2022. It is important to state that Apple Inc., Verizon Wireless, AT&T Inc. and Best Buy Co. Inc. have the largest chunk of the available market share in the industry.

A close observation of the Retail Market for the Smartphones industry shows that the industry has low barriers to entry. In the United States, the industry is subject to few restrictive regulations, and industry employees typically do not need to be trained formally to be able to carry out their duties.

The tough part as it relates to start-up costs is the supply of cell phone accessories from wholesalers or directly from manufacturing companies, because cell phone accessories store business cannot be started without sourcing products for sale.

Regardless of low barriers to entry, the competitive nature of the industry makes it very difficult for new operators to break even within a short period of time in the industry.

2. Executive Summary

John Lyon® Cell Phone Accessories Stores, Inc. is a registered cell phone accessories store that will be located in one of the busiest streets in Harrington – Delaware. We have been able to lease a standard store facility in a technology hub in the city and the store is located in a corner piece property along a major road close to one of the largest residential estates in Harrington – Delaware.

John Lyon® Cell Phone Accessories Stores, Inc. will retail Cases, which are designed to attach to, support, or otherwise hold a smartphone, mass storage component (SD card, SD card slot and special USB micro-B flash drive), chargers and external batteries, selfie sticks, smartphone tripod mount and micro-USB to HDMI cables that are used in smartphones with MHL et al from different manufacturers (brands) from the United States and abroad.

We are aware that there are several cell phone accessories store outlets all around Harrington – Delaware, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors.

We have an online – service option for our customers, and our outlet is has various payment options. We will ensure that we get our customers involved in the selection products (brands) that will be in our store and also when making some business decisions that directly affect them.

John Lyon® Cell Phone Accessories Stores, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products.

John Lyon® Cell Phone Accessories Stores, Inc. is owned by John Lyon. John Lyon has a Diploma in Computer Technology, with over 5 years’ experience in the retailing industry, working for some of the leading brands in the United States.

Although the business is launching out with just one outlet in Harrington – Delaware, but they have a long term plan to open other outlets around major cities in the United States and Canada via franchising.

3. Our Products and Services

John Lyon® Cell Phone Accessories Stores, Inc. is in the retail market for the Smartphones to service a wide range of clients and of course to make profits, which is why we will make available a wide range of cell phone accessories from top manufacturing brands in the United States and other countries of the world.

Our product offerings are listed below;

  • Phone Cases (Pouches and sleeves, Holsters, Shells, Skins, Fitted cases, Bumpers, Flip cases and wallets, Screen protection and body films, Drop and shock protection and Leather case)
  • Mass storage component (SD card, SD card slot and special USB micro-B flash drive)
  • Chargers and external batteries,
  • Selfie sticks, smartphone tripod mount
  • Micro-USB to HDMI cables used in smartphones with MHL

4. Our Mission and Vision Statement

  • Our vision is to become one of the leading brands in the smartphones retail market in Delaware and to establish a one stop cell phone accessories store in Harrington – Delaware and in other key cities in the United States of America.
  • Our mission is to establish a world – class cell phone accessories store that will make available a wide range of cell phone accessories from top manufacturing brands at affordable prices to  residents of Harrington – Delaware.

Our Business Structure

Our intention of starting a cell phone accessories store business is to build a standard store outlet in Harrington – Delaware.

Although our cell phone accessories store might initially not be as big as some of the biggest in the industry, but we will ensure that we put the right structures in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer (Owner)
  • Store Manager
  • Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

Information Technologist

  • Accountants/Cashiers
  • Sales Agents/Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversee the smooth running of the daily office cum business activities.

Store Manager:

  • Responsible for managing the daily activities in the store
  • Ensures that proper records of cell phone accessories are kept and the warehouse does not run out of products
  • Ensure that the store facility is in tip top shape and goods are properly arranged and easy to locate
  • Control cell phone accessories distribution and supply chain inventory
  • Manage vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
  • Help to ensure consistent quality of Cases, mass storage component (SD card, SD card slot and special USB micro-B flash drive), chargers and external batteries, selfie sticks, smartphone tripod mount and micro-USB to HDMI cables are purchased and retailed in good price that will ensure we make good profit
  • Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
  • Manage external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Model demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identify, prioritize, and reach out to new partners, and business opportunities et al
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Document all customer contact and information
  • Represent the company in strategic meetings
  • Help increase sales and growth for the company
  • Manage the organization website
  • Handles ecommerce aspect of the business
  • Responsible for installing and maintenance of computer software and hardware for the organization
  • Manage logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
  • Manage the organization’s CCTV
  • Handles any other technological and IT related duties.

Accountant/Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Client Service Executive

  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries
  • Find out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
  • Make suggestions and encourage purchase of products
  • Provide information about warranties, manufacturing specifications, care and maintenance of merchandise and delivery options
  • Bag or package purchases and gift wrap merchandise
  • Responsible for cleaning all the cell phone accessories and the store facility at all times
  • Ensure that toiletries and supplies don’t run out of stock
  • Handle any other duty as assigned by the store manager.

6. SWOT Analysis

Our intention of starting just one outlet of our cell phone accessories store in Harrington – Delaware is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other outlets in Delaware and key cities in the United States.

We are quite aware that there are several cell phone accessories stores all over Harrington and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.

John Lyon® Cell Phone Accessories Stores, Inc. employed the services of an expert HR and Business Analyst with bias in retailing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for John Lyon® Cell Phone Accessories Stores, Inc.;

Our location, the business model we will be operating on, varieties of payment options, wide range of cell phone accessories from different manufacturing brands and our excellent customer service culture will definitely count as a strong strength for John Lyon® Cell Phone Accessories Stores, Inc. So also, our team of highly qualify staff members is also a plus for us.

A major weakness that may count against us is the fact that we are a new cell phone accessories store outlet in Harrington – Delaware and we don’t have the financial capacity to compete with multi – million dollar outlets when it comes to retailing at a rock bottom prices.

  • Opportunities:

The fact that we are going to be operating our cell phone accessories store in a corner piece property along a major road close to one of the largest residential estates in Harrington – Delaware provides us with unlimited opportunities to sell our accessories to a large number of people.

We have been able to conduct thorough feasibility studies and market survey and we know what our clients will be looking for when they visit our outlet; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of a new cell phone accessories outlet in same location where ours is located. So also, unfavorable government policies may also pose a threat to businesses such as ours.

7. MARKET ANALYSIS

  • Market Trends

Experts projected that in 2017, the retail market for the Smartphones industry is expected to profit from growing global economic conditions.

Per capita income levels have scaled across the globe and a growing numbers of teens in emerging economies have looked to purchase their own smartphones. As the demand for new smartphones increases, original equipment manufacturers supply more components to industry operators.

A resurgence in demand for new smartphones has stimulated industry profit, as operators were able to increase sales. Steady growth in economic conditions will create avenues for consumers to release pent-up demand for high – end smartphones, hence the increase in demand for upstream supplies.

If you are conversant with the retail market for the Smartphones industry, you will quite agree that the original equipment refers to cell phone parts and accessories that are manufactured to the specification of cell phone manufacturers.

These standards are global, and cell phone manufacturers typically source the same part from different suppliers. Even though these parts and accessories are manufactured by companies in the industry, original equipment carries the name of the final cell phone assembler.

The cell phone accessories stores landscape has seen tremendous changes in the last 20 years; it has grown from the smaller outlets to a more organized and far reaching venture. The introduction of franchise and online store makes it easier for a cell phone accessories retailer to reach out to a larger market far beyond the areas where his physical store is located.

8. Our Target Market

Those who patronize cell phone accessories store cut across all genders above 18 years with the financial means and who own cell phones, hence the target market for cell phone accessories store business is all encompassing. In essence, your target market can’t be restricted to just a group of people, but all those who own cell phones.

In view of that, we have positioned our cell phone accessories store to service the residents of Harrington – Delaware and every other location where our outlets stores will be located all over key cities in the United States of America and Canada.

We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.

Our Competitive Advantage

A close study of the retail market for the Smartphones industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiff competition and we are prepared to compete favorably with other leading cell phone accessories stores in Harrington – Delaware.

John Lyon® Cell Phone Accessories Stores, Inc. is launching a standard phone accessories store that will indeed become the preferred choice of residence of Harrington – Delaware and every other location where our outlets will be opened.

Our cell phone accessories store is located in a corner piece along a major road close to one of the largest residential estates in Harrington – Delaware.

We will ensure that we have a wide range of cell phone accessories from leading manufacturers available in our store at all times. It will be difficult for customers to visit our store and not see the type of cell phone accessories they are looking for.

One of our business goals is to make John Lyon® Cell Phone Accessories Stores, Inc. a one stop cell phone accessories retail shop. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a Competitive Advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and objectives.

We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

John Lyon® Cell Phone Accessories Stores, Inc. is in business to retail a wide range of cell phone accessories to residents of Harrington – Delaware. We are in the industry to maximize profits and we are going to ensure that we achieve or business goals and objectives. John Lyon® Cell Phone Accessories Stores, Inc. will generate income by selling the following products;

10. Sales Forecast

One thing is certain when it comes to cell phone accessories stores, if your store is stocked with various types of cell phone accessories and is centrally positioned, you will always attract customers cum sales.

We are well positioned to take on the available market in Harrington – Delaware and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operation and grow the business and our clientele base.

We have been able to examine the cell phone accessories stores industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the sales projections for John Lyon® Cell Phone Accessories Stores, Inc. it is based on the location of our business and other factors as it relates to cell phone accessories stores in the United States;

  • First Fiscal Year (FY1): $240,000
  • Second Fiscal Year (FY2): $350,000
  • Third Fiscal Year (FY3): $550,000

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor within our market space. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

Before choosing a location for John Lyon® Cell Phone Accessories Stores, Inc. we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice for residents of Harrington – Delaware.

We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time.

We hired experts who have good understanding of the cell phone accessories stores industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Harrington – Delaware.

In summary, John Lyon® Cell Phone Accessories Stores, Inc. will adopt the following sales and marketing approach to win customers over;

  • Introduce our cell phone accessories store by sending introductory letters alongside our brochure to key stakeholders in Harrington – Delaware
  • Ensure that we have a wide range of cell phone accessories from different brands at all times.
  • Make use of attractive hand bills to create awareness and also to give direction to our store
  • Position our signage/flexi banners at strategic places around Harrington – Delaware
  • Position our greeters to welcome and direct potential customers
  • Create a loyalty plan that will enable us reward our regular customers
  • List our business and products on yellow pages ads (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing and sales
  • Encourage the use of Word of mouth marketing (referrals)
  • Join local chambers of commerce and industries to network and market our products

11. Publicity and Advertising Strategy

Despite the fact that our cell phone accessories store is well located, we will still go ahead to intensify publicity for the business.

John Lyon® Cell Phone Accessories Stores, Inc. has a long-term plan of opening outlets in various locations all around Delaware and key cities in the United States which is why we will deliberately build our brand to be well accepted in Harrington before venturing out.

Here are the platforms we intend leveraging on to promote and advertise John Lyon® Cell Phone Accessories Stores, Inc.;

  • Place adverts on community based newspapers, radio stations and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Harrington – Delaware
  • Distribute our fliers and handbills in target areas in and around our neighborhood
  • Advertise our cell phone accessories store business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and trucks and ensure that all our staff members and management staff wear our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

On the average, there is a standard price for various cell phone accessories hence the prices of our cell phone accessories will conform to what is obtainable in the industry but we will ensure that within the first 6 to 12 months our products are sold a little bit below the average price in the market.

We have put in place business strategies that will help us run on low profits for a period of 6 months; it is a way of encouraging people to buy into our brands.

  • Payment Options

The payment policy adopted by John Lyon® Cell Phone Accessories Stores, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that John Lyon® Cell Phone Accessories Stores, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer

In view of the above, we have chosen banking platforms that will enable our clients make payment for our cell phone accessories purchase without any stress on their part.

13. Startup Expenditure (Budget)

When it comes to starting a cell phone accessories business the major areas that you look towards spending the bulk of your cash is in the purchase of a wide range of cell phone accessories from different manufacturing brands and of course renting or leasing a well located store facility.

You are also expected to pay your employees and your utility bills. These are the key areas where we will spend our startup capital on;

  • The total fee for registering the business in the United States of America – $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of John Lyon® Cell Phone Accessories Stores, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring business consultant – $2,500.
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
  • The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $55,600.
  • The cost for shop remodeling (construction of racks and shelves) – $20,000.
  • Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for start-up inventory (stocking with a wide range of cell phone accessories from different manufacturing brands) – $50,000
  • The cost for counter area equipment – $1,500
  • The cost for store equipment (cash register, security, ventilation, signage) – $3,750
  • The cost of purchase and installation of CCTVs: $10,000
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The cost of launching a website: $600
  • Miscellaneous: $10,000

We would need an estimate of two hundred and fifty thousand dollars ($250,000) to successfully set up our standard cell phone accessories store in Harrington – Delaware.

Generating Funds/Startup Capital for John Lyon® Cell Phone Accessories Stores, Inc.

John Lyon® Cell Phone Accessories Stores, Inc. is a private registered business that is owned and financed by John Lyon. He has decided to restrict the sourcing of the startup capital to 3 major sources.

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $50,000 (Personal savings $30,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

Part of the plans we have in place to sustain John Lyon® Cell Phone Accessories Stores, Inc. is to ensure that we continue to make available a wide range of cell phone accessories from different manufacturing brands, deliver quality services, improvise on how to do things faster and cheaper. We are not going to relent in providing conducive environment for our workers.

From our findings, another factor that kills new businesses is financial leakages. In order to plug financial leakages, the management of John Lyon® Cell Phone Accessories Stores, Inc. adopted the use of payment machine and accounting software to run the business.

We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better and the products they want to see in our store. We will not waste time in adopting new technology, best practices and diversifying our services.

John Lyon® Cell Phone Accessories Stores, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

  • Business Name Availability Check : Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of store facility and remodeling the store: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Printing of Packaging and Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Compilation of our list of products that will be available in our store: Completed
  • Establishing business relationship with vendors – manufacturers and suppliers of cell phone accessories: In Progress

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How to start cell phone accessories business – a comprehensive plan.

Cell Phone Accessories Business Plan – How To Start

As smartphones become increasingly popular and essential in our daily lives, the demand for high-quality and stylish accessories continues to rise. Starting a cell phone accessories business can be an exciting and profitable venture. This comprehensive guide on how to start a successful cell phone accessories business will cover key aspects such as market analysis, product selection, marketing strategies, and financial projections. By following this plan, you can lay a solid foundation for your business and capitalize on the lucrative opportunities within this ever-growing industry .

How To Start Cell Phone Accessories Business?

Mobile accessories encompass any additional hardware that is not essential to the primary functioning of a mobile smartphone as originally designed by the manufacturer. The target audience for mobile phone accessories, which play a crucial role in enhancing efficiency and protecting the device, encompasses a vast majority of cell phone owners. According to business professionals, mobile accessories yield higher profit margins compared to selling the mobile phones themselves. Let’s learn more about this business.

Types of Mobile Accessories

Mobile Accessories

One of the initial considerations that arises when starting a business is determining the required investment. To calculate the investment accurately, it is important to gather information such as the cost of renting a shop in your area, the number of staff members needed, and crucially, the range of accessories you intend to stock.

Therefore, here is a comprehensive list of mobile accessories that you can include in your shop or store. By incorporating these products into your cell phone accessories business plan and putting in diligent effort, the risk of your business failing decreases significantly.

  • Cases/Covers
  • Earphones (wired or wireless)
  • Phone Camera Lenses and Smart Flash
  • Headphones (wired or wireless)
  • Mobile screen tempered glass
  • Selfie stick
  • Mobile screen lamination
  • Batteries and chargers
  • HDMI cables
  • Charging brick
  • Bluetooth cable
  • Car charging brick
  • Bluetooth speaker

To pursue your dream of starting a mobile accessories business and tap into the thriving multibillion dollar industry, it’s crucial to engage in meticulous planning and thorough research. This industry is continuously evolving with a wide range of innovative products and services, offering numerous opportunities for you to establish your presence and succeed.

Here are a few steps that you need to take to begin a cell phone accessory business:

1. Analyze the Market and Understand Competition

Competition in the cell phone accessories business is both healthy and necessary for business growth. Despite the presence of well-known brands, it’s important not to get disheartened or consider changing plans. The cellphone accessories market is vast, offering ample opportunity for new players. It is crucial to understand the number of competitors in your field, their strategies, and differentiate your business from them.

To stand out, analyze what your competitors are offering and create a unique product list. By evaluating what sets your business apart, you can create a unique product list and select distinctive accessories. Consider designing your own products rather than solely relying on wholesale suppliers to further distinguish your offerings.

Focus on a specific niche, such as extra power, cases, photo tools, water protection, drop protection, on-the-road accessories, or wireless charging, and introduce a product or feature that hasn’t been seen before. Innovation and distinctiveness are key to attracting customers in this competitive market.

2. Choosing a Name for Your Mobile Accessory Website

When choosing a name for your cell phone accessories business platform, it is important to select a name that accurately represents your products, is memorable, stands out in your audience’s mind, and is unique. Additionally, it should be catchy to attract attention. It is advisable to check if the domain and social media handles are available so that you can market your business effectively across multiple platforms . Remember to comply with all local regulations, including obtaining necessary licenses and registering your business name with the appropriate authorities.

3. Find the Right Location

The first decision you need to make is whether you want to sell accessories online or open a physical store. If you choose to open a store, keep in mind that renting a space can significantly impact your budget, so careful consideration is necessary. In the case of a mobile accessory business, location is crucial as you can’t afford to be in a secluded area.

It is advisable to start by renting a kiosk in a bustling mall or marketplace with high foot traffic. This ensures accessibility and visibility while minimizing your initial investment risk. A kiosk typically costs between $2,000 and $10,000 upfront , whereas a permanent retail location can require up to $100,000 .

4. Obtaining Required Capital

Person holding a calculator

Starting a business requires meticulous planning and considerable effort. One crucial aspect is securing the necessary capital to launch and sustain the business.

When planning your cell phone accessories business , it’s important to distinguish between one-time costs and recurring expenses. Recurring costs include materials, rent, utilities, and payroll, while one-time costs encompass necessary expenses like production equipment, furniture, and operating licenses.

Additionally, consider the difference between fixed costs (e.g., rent) and variable costs (e.g., production materials), which fluctuate with production and sales volumes. As your business progresses, you may encounter optional costs such as office decorations and holiday parties, but ensure essential costs are covered first.

Estimate your total cash requirements by identifying the fixed infrastructure, researching prices, and accounting for assets like computers, printers, and inventory. Overhead expenses such as legal, administrative, and marketing costs should also be considered, along with labor costs and taxes. Remember to have enough resources to cover 6 to 12 months of expenses before expecting profits.

There are several avenues available for raising funds:

a) Business Loan

Many entrepreneurs opt for business loans to finance their small-scale businesses . This involves approaching a bank and completing the loan application process. Although it may take some time, the advantage is that the interest rates are typically low. The repayment period for such loans is often around 15 years. Certain banks even offer loans without requiring collateral security.

b) Credit Loan

Another option is obtaining a credit loan, which has both pros and cons. The benefit is that the process is relatively easy and provides quick access to funds. However, the downside is that the interest rates tend to be high, and these loans are not suitable for long-term financing.

c) Personal Savings

If you have savings available, you can utilize them to kickstart your cell phone accessories business . This approach eliminates the need to repay borrowed funds and avoids interest payments, making it a favorable choice for many entrepreneurs.

5. Meet Legal Requirements

To start a cell phone accessories business , you will need to obtain a business license. The specific requirements for acquiring this license may vary depending on the location where you plan to conduct your business. It is essential to check with the relevant government agencies in that area to determine the necessary steps. If you intend to operate your business as a kiosk, you may also need to acquire a kiosk license agreement.

Regardless of the type of business structure you choose, certain common requirements exist. These include:

  • Registering your shop under the Shop and Establishment Act if you plan to open a physical store.
  • Obtaining a GST (Goods and Services Tax) registration (GSTIN) if your projected sales exceed 20 lakhs annually or if you intend to engage in inter-state sales.
  • Applying for a trader’s license.
  • Registering for a PAN (Permanent Account Number) for taxation purposes.
  • Completing Aadhar registration, which involves obtaining a unique identification number.

It’s crucial to conduct thorough research and consult the appropriate government authorities to ensure compliance with all licensing requirements for your specific location and business type.

6. Choose a Supplier

Success in any business is heavily reliant on reputation, making it crucial to carefully select suppliers for your cell phone accessories business . Failure to provide quality products or timely deliveries can result in losing customers. Opting for local dealers is recommended as they offer prompt supply and competitive prices, thereby boosting profit margins. Alternatively, establishing direct contact with local manufacturers allows for cheaper rates and increased profitability.

Bulk orders, ranging from 10 to 200 items, can yield significant cost savings, especially for cellphone accessories that can be sold at higher prices. For overseas inventory purchases, popular online marketplaces are worth exploring, while several suppliers cater to customers seeking products made in the U.S.

7. Know your Products Well

To stand out from others, it is crucial for individuals creating a business plan for a cell phone accessories venture to possess comprehensive knowledge about various brands and handsets. It is not a given that everyone embarking on such a business venture will possess expertise in all product aspects, but having a thorough understanding of the products you intend to sell is essential to differentiate yourself from the competition.

8. Payment Mode

Person opening PayPal app

It is important to offer various payment methods to accommodate customers’ preferences and enhance their shopping experience. By being flexible with payment options, you create a sense of comfort for clients and make the purchasing process more convenient. If you limit your accepted payment modes, you may deter potential customers from making purchases at your store.

9. Invest in Fast-Moving Products

It is advisable to invest in rapidly evolving mobile phone products to minimize the risk of excessive inventory getting tied up.

Also Read: Top 50 Money Earning Apps In India

10. One-Stop-Shop

Try to be the ultimate destination for all your clients’ mobile phone needs, offering a comprehensive range of products. If there’s anything missing from our inventory, promptly communicate with our supplier to ensure quick delivery, thereby preventing customers from seeking alternatives elsewhere.

11. Manage the Inventory and Shipping Requirements

To ensure a positive customer experience for your cell phone accessories business , effective inventory management and streamlined shipping processes are essential. Many entrepreneurs initially start with a small inventory to test the success of their online store, avoiding being burdened with unsold items. It’s important to monitor product movement, identify fast-selling items, track out-of-stock products, and assess low-demand items.

Another decision to make is whether to handle order fulfillment internally or outsource it to a fulfillment center. Fulfillment centers can store and ship your products, saving you time and storage space. If budget constraints or a desire for individual order control exist, you may choose to handle fulfillment yourself.

Managing costs associated with storing, packing, and shipping each item sold is crucial. Establishing a clear returns policy is also necessary before commencing sales.

12. After-Sales Support

Instead of solely focusing on making sales, it is important to prioritize providing after-sales support to the customers of your cell phone accessories business . By offering assistance and guidance even for minor requests such as app installations or phone updates, you can cultivate a sense of satisfaction and loyalty among customers.

Customers appreciate purchasing from knowledgeable experts who can provide detailed information about product features, benefits, and drawbacks. This expertise becomes especially valuable when customers are comparing multiple products and rely on the seller to explain the intricacies of each option.

Also Read: 53 Profitable Small Scale Manufacturing Business Ideas in India

13. Create your Own Website

Person using white laptop

To establish an online presence for your cell phone accessories business , there are several effective methods available. One option is to create your own website, utilize marketplaces, and leverage social media platforms. It’s crucial to ensure your mobile accessories shop design is appealing and captivating to customers. Examining some of the online mobile accessories shopping sites in India can provide insights into their operations, product range, and strategies.

a) Marketplaces

You can choose to sell your products on well-known marketplaces such as Amazon , eBay, and Flipkart . These platforms offer the advantage of reaching an existing customer base. The trustworthiness associated with these popular websites encourages people to make purchases from your online shop. Keep in mind that there may be membership fees and seller’s fees associated with each platform, so it’s important to consider these costs when determining your pricing.

b) Social Media

Selling products through social media platforms is becoming increasingly common. In addition to promoting and showcasing your products on various social media sites, many platforms now offer direct purchasing options. This allows users to buy products seamlessly while browsing through their social feeds.

c) Online Store

Creating your own online store is a highly effective way to sell products online and establish your cell phone accessories business . With an online store, you have complete control over how your items are presented to users, and you don’t have to pay any commissions to third parties. Setting up an online store is not overly complex, thanks to many user-friendly eCommerce website builders. These platforms enable you to create a fully customized online store regardless of your technical expertise.

By exploring these avenues and adapting them to your specific business needs, you can successfully sell your mobile accessories online, expand your customer base, and drive growth for your business.

14. Demonstrate your Credibility

To ensure accountability and increase the likelihood of achieving profits within the first six months, it is crucial to provide factual evidence and support for any claims made. By backing up statements with reliable data and taking necessary actions, you can establish a solid foundation for your projections. If you have doubts about your sales estimates, it is advisable to be conservative and provide a more credible figure.

How to Increase Sales of Accessories?

Once your cell phone accessories business is established, your primary focus becomes increasing sales to drive up profits and enable business expansion. There are various strategies at your disposal to enhance sales performance:

1. Advertise your Business

To effectively promote your business, you have two options: leveraging existing marketplaces and their customer bases or creating your own website. Whichever route you choose, it is crucial to employ online advertising strategies and allocate your marketing budget wisely. Take advantage of platforms like Google Ads and Facebook Advertising to target potential customers actively seeking cellphone accessories. Additionally, consider collaborating with influential personalities on YouTube and Instagram to further enhance the visibility and reach of your products.

2. Email Newsletter Campaign

Man working on laptop

Utilize email newsletters as a means to foster relationships with your audience, especially those visitors who have not yet completed their purchases. By maintaining an email subscriber list, you can create targeted content and provide product recommendations directly to your audience. However, it is crucial to avoid spamming your subscribers, as this may lead them to unsubscribe.

3. Blog Creation

Consider incorporating blogs into your website strategy to attract organic traffic, which can potentially convert into customers. Create content related to your products, such as articles on protecting your mobile phone or top lamination accessories for mobile screens . Optimize your blog content with relevant keywords to improve search result rankings and increase website traffic.

4. Diversify Payment Options

To enhance customer comfort and facilitate easier shopping experiences, offer a variety of payment methods. Some customers may be deterred from purchasing from your online store if you have limited payment options. Ensure that your payment page has a user-friendly interface to enhance the overall shopping experience.

5. Website Management

The work doesn’t end after setting up your online store and establishing a strong audience. To provide the best customer experience for your cell phone accessories business , it is essential to regularly update your website. Keep your product inventory up to date by replacing sold-out items with new arrivals. Utilize high-quality images and detailed product descriptions to convert more visitors into customers. Gathering feedback and customer reviews is also crucial, as positive reviews from real customers increase the likelihood of purchases. By implementing these strategies, you can encourage visitors to buy mobile accessories from your online store.

6. Ask for Feedback

Person using phone

Recognizing that mistakes are inevitable, it is highly valuable to embrace the opportunity for learning from them. One effective approach is to establish a feedback system or maintain a diary where customers can share their positive and negative experiences at your store. This valuable input plays a pivotal role in enhancing the quality of service provided.

Moreover, placing a strong emphasis on fulfilling orders promptly and delivering excellent customer service is crucial in preventing negative reviews or customer dissatisfaction. Prioritizing these aspects ensures that customers have positive experiences, fostering satisfaction and loyalty.

Few Things that are a Must in your Business Plan

To ensure the success of your cell phone accessories business plan, here are a few essential elements to include:

1. Table of Contents

Create a comprehensive table of contents that outlines the structure of your business plan. This helps you stay organized and shows your seriousness and attention to detail.

2. Company Overview

Provide an overview of your cell phone accessories business to give potential investors and lenders a clear understanding of your goals. Include the following key points:

  • Vision: Explain your company’s vision and how you envision its growth and expansion in the future.
  • History: Share any relevant background information about your store or previous experience.
  • Markets and Products: Describe your target market and the main products you plan to sell.
  • Objectives: Outline your business objectives and how you plan to achieve them.
  • Mission: Clearly state your company’s mission and values.
  • Cost Summary: Provide a summary of the costs involved in starting and running your business.
  • Keys to Success: Identify the critical factors that will contribute to the success of your business.

3. Market and Industry Analysis

Conduct thorough research on the market and industry to demonstrate your knowledge and understanding. Include the following components:

  • Industry Analysis: Analyze the current state and trends of the cell phone accessories industry.
  • Market Analysis: Assess the target market’s size, growth potential, and demographics.
  • Target Customer: Define your ideal customer profile and their needs.
  • Competitor Analysis: Identify your direct and indirect competitors and analyze their strengths and weaknesses.
  • SWOT Analysis: Evaluate the strengths, weaknesses, opportunities, and threats your business may face.

4. Marketing Strategy

People in a meeting

Outline your marketing strategies to attract customers and drive sales. Include the following elements:

  • Pricing Strategy: Determine your pricing approach and explain the rationale behind it.
  • Target Market Strategy: Describe how you will reach and engage your target customers.
  • Sales Strategy: Outline your approach to generating sales and increasing customer conversion.
  • Distribution Strategy: Define your distribution channels and how you will get your products to customers.
  • Product/Service Strategy: Highlight the unique selling points of your cell phone accessories business and any additional services you plan to offer.
  • Advertising and Promotion Strategy: Detail your marketing campaigns, including online and offline advertising, social media, and public relations.
  • Marketing and Sales Forecast: Project your expected sales and marketing expenses for a defined period.

5. Operations and Management

Explain how you will manage the day-to-day operations of your business and address the associated costs. Additionally, outline your leadership plan, including the roles and responsibilities of key team members.

By including these crucial elements in your cell phone accessories business plan, you will enhance its comprehensiveness and increase your chances of success.

6. Offline Marketing

Offline marketing is still valuable and can help establish long-term customer relationships. Enhance your brand’s consistency by using creative branded stationery, business cards, and envelopes with the same logo and color scheme. Utilize press releases to announce your startup and promote your high-quality phone cases.

Increase brand awareness by distributing promotional items like pens or mugs featuring your company logo. Leverage local media through newspaper ads, TV and radio commercials, and billboards. If you have a physical store, engage in subtle face-to-face marketing to leave lasting impressions. Implement guerrilla marketing tactics such as leaving sticky notes or sidewalk advertisements to generate curiosity and draw attention to your brand.

7. Customer Service

Customer service is a crucial marketing tool that can set your phone case brand apart from competitors. Satisfied customers become brand ambassadors, while dissatisfied ones may spread negative experiences online. To protect your reputation, prioritize customer satisfaction by actively listening to and collaborating with disgruntled clients. Admit mistakes and avoid deception.

Treat customers with respect, honor commitments, and offer multiple communication channels with prompt responses. Your goal should be to exceed customer expectations, not just meet them. Combine free and low-cost marketing activities with excellent customer service to effectively communicate your brand values both online and offline.

In conclusion, starting a cell phone accessories business requires careful planning and market research to identify target customers. You can offer a wide range of high-quality and innovative products, create effective marketing strategies, and provide excellent customer service to successfully establish and grow your cell phone accessories business.

sushma

Sushma Singh

Sushma is an expert in online money-making strategies with extensive experience in business. She has spent a lot of time researching and writing about the ever-changing world of money-making games and websites, making her an expert at finding ways to make money online.

YOU REALLY SAID IT ALL.. let me congratulate you for this GOLDEN HELPFULL ARTICLE. God Bless you!

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How to Start a Cell Phone Accessory Business

Starting a cellphone accessory business can be highly profitable and highly competitive. In addition to cellphone franchises selling accessories, independent stores and kiosks are located in many malls and other public areas. The internet is filled with websites and web stores eager to sell cellphone accessories.

phone accessories business plan in zambia

However, if you can find a location with limited competition or create an online presence that outshines your competitors, you can build a profitable small business selling cellphone accessories. There are several aspects to starting your cellphone accessory store.

Analyze the Accessory Market

There are a lot of competitors in the accessory market. Well-known brands include Lifeproof, OtterBox, Mophie, Zagg and Insignia. Do not shy away because of this because a healthy amount of competition is a factor for any successful business. The cellphone accessories market is so wide that there is always room for another player.

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Look for a niche such as extra power, cases, photo tools, water protection, drop protection, on-the-road or wireless charging, and introduce a product or feature that isn't already available. Newness sells.

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Technological factors that impact pricing strategies, how do i make money in the cell phone business, how to start a charm bracelet business, what are examples of a differentiation marketing strategy, how to open a new window in internet explorer without asking for permission, find the right location.

Location is extremely important for a cellphone accessory business. Consider starting by renting a kiosk in a mall or plaza as this ensures that you are in a high traffic zone. Furthermore, by starting with a kiosk, you reduce your initial investment risk. The upfront cost of a kiosk ranges from $2,000 to $10,000 as opposed to up to $100,000 for a permanent retail location.

Meet Legal Requirements

You need to get a business license for your cellphone accessory business. Check with the government agencies in the area where you plan to conduct business to acquire this license. For example, in California, you register with the California State Board of Equalization.

If you plan to run your business as a kiosk, you will likely need a kiosk license agreement. For example, if you open a kiosk in the Minneapolis-St. Paul International Airport, you sign a retail kiosk lease agreement.

Choose a Supplier

Finding a manufacturer to work with helps you maximize your profits. While you may need to order in bulk – anywhere from 10 to 200 items at a time – you save a lot of money. Depending on the type of cellphone accessories, they may cost less than $1 per piece but can be sold for many times that.

If you prefer to buy your inventory overseas, check out online marketplaces such as Alibaba or IndiaMart. If you want to appeal to customer desires to buy products made in the U.S., consider suppliers such as ThomasNet or MFG.

Take Your Business Online

If you aren't ready to open a physical store, launch an e-commerce store for your cellphone accessory business. You can use existing marketplaces such as Etsy, Amazon or eBay, or you can open your own store with websites such as Shopify to establish your own brand.

Whether you choose to use existing marketplaces and their customer bases or start your own website, you should use online advertising methods to market your business. Spend your marketing budget wisely. Use services such as AdWords and Facebook advertising to target specific customers who are looking for cellphone accessories. Further promote your products by partnering with YouTube and Instagram influencers to advertise your products.

  • Entrepreneur: How to Start a Retail Business
  • Nigeria Business Guide: How to Start a Mobile Phone Accessory Business
  • Entrepreneur: How to Start a Kiosk Business
  • Shopify: How to Start a Phone Case Business: The Ultimate Guide
  • Winnerwireless
  • Ebay: Cell Phones Selling Guide
  • Visit the IRS website to apply for an Employer Identification Number (EIN). Use this number on business documentation when applicable. Register your business with your secretary of state and the county clerk's office to prevent other businesses from using your business name. Apply for a sales tax number through the department of revenue to collect sales tax from customers.
  • Carefully monitor inventory to avoid purchasing unpopular or difficult-to-sell items, as you will lose money for unsold items still in stock.

Michael is a writer in various subjects. He is a mechanical engineer and freelance writer, having earned a Bachelor of Science in Mechanical Engineering from Washington University in St. Louis. His articles have appeared mostly online.

phone accessories business plan in zambia

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How To Create A Phone Accessories Business Plan

How To Create A Phone Accessories Business Plan

The increased prevalence of mobile phones in the world means that people need accessories such as phone covers, tripods, mounting systems, screen protectors, headphones, etc., now more than ever to heighten and improve their smartphone experience. This high demand has created a great business opportunity for any parties that are interested. Before you decide what your phone accessories business plan is, it is important to first understand that you will be joining one of the most highly competitive businesses out there. However, you will be glad to know that the phone accessories market is one of the largest and most profitable, especially if you manage to find a niche that you can thrive in and beat the competition.

Therefore, if you are planning on going into business, here is how to create a phone accessories business plan:

Be sure that the business is for you

The first step towards starting any successful business is to find out if you are entering the right business, and for the right reasons. Anyone can start a phone accessories business, but you have to be truly passionate about it to succeed. Before anything, be sure that this is the business that you truly want to be involved in for the long haul even when you do not see profits at first.

Figure out your competition

Competition is a healthy and necessary part of owning any business. Find out how many other business owners in your field you will be competing with, as well as what they are doing, and then set yourself apart. Think of everything that you can add or remove to make your business noticeable. Create a product list that is unique from all others in the market and selects unique accessories. It might help if you design your own products instead of acquiring everything from a wholesale supplier.

Choose a location

Are you planning on renting a brick and mortar space or are you planning on selling your phone accessories online? The decision on whether you want to rent to create a website will ultimately affect your budget so weigh it carefully.

Prove every claim that you make

If you expect to see profits within the first 6 months, it is essential to back up your claims so that you can hold yourself accountable. Support such statements with fact and ensure that you do everything possible to make it happen. If you are unsure about your sales projections, you can be conservative about it by giving a more credible figure.

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My name is ali iam interesting for business plan for mobiles phones accessories please help me for that. Best regards

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Accessories - Zambia

  • In 2024, the Accessories market in Zambia is expected to generate a revenue of US$439.40m.
  • This market is projected to grow annually by 6.99% (CAGR 2024-2028).
  • The largest segment within this market is Luggage & Bags, with a market volume of US$256.60m in 2024.
  • In comparison to other countries, in China generates the most revenue in this market, with US$116bn in 2024.
  • In terms of per capita revenue, each person in Zambia is projected to generate US$20.79 in 2024.
  • Additionally, online sales are expected to contribute 2.4% of the total revenue in the Accessories market by 2024.
  • Zambian consumers are increasingly gravitating towards locally made accessories, reflecting a growing preference for supporting domestic artisans and promoting traditional craftsmanship.

Key regions: Worldwide , United States , India , Canada , Germany

Definition:

The Accessories market comprises a range of products designed for private end consumers. The market is diverse and encompasses various product categories such as watches and jewelry, as well as luggage and bags. Products such as watch parts or watchbands, non-wearable items, or protective bags and cases for electronic devices such as notebooks or cameras are not included in this market.

The Accessories market is divided into two main sections:

  • The Watches & Jewelry market includes watches, pocket watches, stopwatches, and jewelry watches. The market also includes brooches, rings, necklaces, earrings, and bracelets made from various materials.
  • The Luggage & Bags market includes open and closable containers made from any material to transport items. Unprocessed textiles, saddlery, travel sewing kits, shoe care kits, and leather goods are not included.

Additional information:

The market comprises revenues and average revenue per capita. Revenues are generated through both online and offline sales channels. The key players in the market are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

  • Watches and Jewelry
  • Luggage and Bags
  • Small leather goods

out-of-scope

  • Phone or tablet covers
  • Gloves, scarfs, hats, and umbrellas
  • Bracelets and belts
  • Hair accessories

Accessories

  • Suitcases & Briefcases
  • Wallets & Little Cases
  • Bags & Containers
  • Analyst Opinion

The global tourism market is growing steadily, outperforming the global economy, with both arrivals and inbound receipts set to grow. The tourism industry fulfills the longing for foreign countries and cultures and is one of the most important economic factors. Low-cost airlines allow shopping trips into international markets and accessories are gladly bought abroad, in order to make the own wardrobe even more individual and more unusual. For the consumer, brands play an important role in the purchase of accessories. However, brand awareness has changed in recent years, especially through social media and bloggers, who play an important role in how the brand is perceived and what target group it addresses.

  • Methodology

Data coverage:

Modeling approach / Market size:

Additional notes:

  • Sales Channels
  • Global Comparison
  • Key Market Indicators

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  • Get immediate access to all Market Insights, reports & statistics
  • Download data in multiple formats for collaborative research
  • Includes usage & publication rights for sharing data externally

Don't bother with copy and paste.

Get this complete sample business plan as a free text document.

Cell Phones Retailer Business Plan

Start your own cell phones retailer business plan

Garbles Cellular Phones

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity, important advisory.

[This sample business plan is based on one from several years ago, valid then, and still useful as an illustration of what a business plan contains and what issues it covers. It is not valid for information purposes today.]

In the world today everyone has a cell phone. Cell phones are expected. They are needed for work and for socializing. They are so expected, people think there is something wrong or untrustworthy with someone who does not have one. In truth, those without one can’t afford it.

Garbles Cellular’s mission is to offer its customers the highest quality cell phone products and services. Its owner focuses on personalized service to his customers by offering convenience and rapid service. Additionally, Garbles Cellular has the technological expertise to assist customers in picking the product and service that best meets their  needs. Finally, our staff will have strong vendor relationships with the product suppliers and will be able to meet customers’ demand for the newest innovation in cellular phone technology.

The market potential is huge for our products, evidenced by what appears to be the unstoppable growth of the telecom industry. Currently, the telecom industry is among the strongest growth industries and is responsible for huge gains in the capital markets. The proliferation of cellular phones is increasing at rates which at one time were unimaginable. One illustrative example is that it is forecasted that within two years over 65% of children from age of 10-15 will have cell phones.

Future growth of the market/products is projected in the following areas:

Text messages between friends (in Japan this big). Users can send regular Short-Message Service (SMS) or email on their phones. Email is of course limited to small file sizes, but many of the phones allow for English characters to be sent. Each provider also allows special characters to be sent, such as an array of happy and sad faces, small animated images, animals, people, hearts, etc. When special characters are not available, people often use a specialized set of faces to show emotion. Email can also be sent between different provider phones, but many of the special characters are lost, hence users may try to keep a circle of friends on the same provider to receive the special characters. Email, of course, may be sent from computers as well, but files are often stripped of headers and attachments when received on cell phones.

Most North American phones come with a few games to keep people entertained for a limited duration. Japanese phones come with two different types of games: built-in ones and Java application ones. The built-in ones are simple, but again the graphics are very important to the game value. Java application games are delivered via the network to the customer’s phone and there is a charge for this service. These games are much more complex and require streaming data to access. New games come out monthly. You can even buy joysticks and navigation consoles that plug into your phone.

One of the recent popular additions to many of the Japanese and Korean phone models is a CCD Camera that is mounted either on the outside of the clamshell or on the clamshell hinge. The camera lens is slightly smaller than a dime and takes 4×4 cm pictures to display on the phone’s screen or to send to others. Not only can users take pictures, they can take video clips as well. Most phones take between 5-15 seconds of footage due to memory limitations, but they can send streaming video. Many of the advertisements for camera phones show people taking to each other and watching each other on the screen (both holding the phone and camera at arm’s length and using a hands-free microphone and earpiece). The camera also has a couple of neat accessories including an external flash that pops into an accessory port and a miniature printer that will print out pictures.

Our company will try to take advantage of these developments and serve its customers in all these new trends and developments.

Competition

[Note: this is included here for illustration purposes only. This information is seriously out of date. Not reusable.]

The U.S. market is dominated today by three large companies:

T-Mobile Wireless  – owned by a subsidiary of Deutsche Telekom since May 31, 2001.

  • Revenues:Exceeding $13.6 billion in 2001.
  • Wireless Phone Service Subscribers: Cellular voice, messaging and high-speed wireless data services to more than 8 million customers.
  • Cellular Phone Service and Technology: T-Mobile Wireless operates the largest all digital, wireless network based exclusively on GSM (Global System for Mobile Communications) technology. GSM is the most widely used digital standard worldwide, accounting for more than 70 percent of the total digital wireless market.

Cingular Wireless  is the second largest wireless company in the U.S. A leader in mobile voice and data communications, Cingular is a wireless company determined to promote the individual to a new level.

  • Ownership: Cingular Wireless is a joint venture between the domestic wireless divisions of SBC (NYSE:SBC) and BellSouth (NYSE: BLS). Headquarters in Atlanta, Georgia. SBC owns 60 percent of the company and BellSouth owns 40 percent, based on the value of the assets both contributed to the venture.
  • Revenue on the cellular service in Year 2002 was more than $14.7 billion.
  • Cellular Phone Service Subscribers: more than 22 million voice and data customers across the U.S.A.
  • Cellular Phone Service and Technology: A leader in mobile voice and data communications, Cingular is the only U.S. wireless carrier to offer Rollover, the wireless plan that lets customers keep their unused monthly minutes. Cingular provides cellular/PCS service in 43 of the top 50 markets nationwide, and provides corporate e-mail and other advanced data services through its GPRS and Mobitex packet data networks

Nextel Communications , based in Reston, VA, is a leading provider of fully integrated, wireless communications services on the largest guaranteed, all-digital, wireless network in the country.

  • Ownership: Nextel Wireless is traded on the NASDAQ National Market under the symbol NXTL. Nextel Partners is a separate company traded on the NASDAQ National Market.
  • Revenue on the cellular service $8.7 billion (2002).
  • Cellular Phone Service Subscribers: 10.61 million (Q4 2002).
  • Cellular Phone Service and Technology: Nextel uses a packet-based platform, the integrated Digital Enhanced Network (iDEN™) technology, developed by Motorola. The Nextel 4-in-1 service—Nextel Digital Cellular, Direct ConnectSM, Nextel Mobile Messaging, and Nextel Online®—covers thousands of communities across the United States. Nextel and Nextel Partners, Inc., currently serve 197 of the top 200 U.S. markets.

Garbles Cellular Phones is aiming to gather a share of the market from these three.

We believe that, with our long and thorough experience in the EAIA, our store will be in the perfect location to start our operations in the U.S.A., and will start operating in the right time. Garbles Cellular Phones will provide its customers support and convenience second to none.

Expectations

We intend to iron out kinks in our start-up and get things off the ground in year 1. We will make a minor profit in year 2. By the third year, we will be able to hire more store attendants and admin assistants

Financial Highlights by Year

Financing needed.

Pro Tip:

Problem & Solution

Our solution.

Garbles Cellular Phones, Inc. is taking advantage of an opportunity to become a highly distinguished and recognized leader in the cellular communications industry. It is the goal of our company to become established as the leading distributor of wireless communications services in the metro Niceburg area.

Target Market

Market size & segments.

Market Segmentation

Garbles Cellular Phones, Inc. will focus on five customer groups, bearing in mind that it is quite customary today to have more than one cell phone per family:

  • Children in the age group of 10-17 years old
  • General public
  • Professionals
  • Service organizations and companies that need to be in constant communication with their employees.

The market for cellular phones and their accessories is very fragmented, crowded and competitive. Among these, there are only a few large local firms that serve the entire city of Niceburg and its surroundings. The remainder are small firms that sell from kiosks in the surrounding malls. Garbles Cellular Phones current niche in its location, variety of products and expertise in serving the public will assure the projected sales.

We expect to take full advantage of the trends described in the Market Analysis above, and try to penetrate the market with new innovations and gadgets — mainly with the younger generation, using advertisements and demonstrations. We shall also try to lure independent small sellers to join our effort.

Current Alternatives

T-Mobile Wireless  – owned by a subsidiary of Deutsche Telekom since May 31, 2001.

  • Cellular Phone Service and Technology: T-Mobile Wireless operates the largest all digital, wireless network based exclusively on GSM (Global System for Mobile Communications) technology. GSM is the most widely used digital standard worldwide, accounting for more than 70 percent of the total digital wireless market.

Cingular Wireless  is the second largest wireless company in the U.S. A leader in mobile voice and data communications, Cingular is a wireless company determined to promote the individual to a new level.  

  • Ownership: Cingular Wireless is a joint venture between the domestic wireless divisions of SBC (NYSE:SBC) and BellSouth (NYSE: BLS). Headquarters in Atlanta, Georgia. SBC owns 60 percent of the company and BellSouth owns 40 percent, based on the value of the assets both contributed to the venture.
  • Cellular Phone Service and Technology: A leader in mobile voice and data communications, Cingular is the only U.S. wireless carrier to offer Rollover, the wireless plan that lets customers keep their unused monthly minutes. Cingular provides cellular/PCS service in 43 of the top 50 markets nationwide, and provides corporate e-mail and other advanced data services through its GPRS and Mobitex packet data networks

Nextel Communications , based in Reston, VA, is a leading provider of fully integrated, wireless communications services on the largest guaranteed, all-digital, wireless network in the country. 

  • Cellular Phone Service and Technology: Nextel uses a packet-based platform, the integrated Digital Enhanced Network (iDEN™) technology, developed by Motorola. The Nextel 4-in-1 service—Nextel Digital Cellular, Direct ConnectSM, Nextel Mobile Messaging, and Nextel Online®—covers thousands of communities across the United States. Nextel and Nextel Partners, Inc., currently serve 197 of the top 200 U.S. markets.

Our Advantages

Brand names are of little, if any, importance. The key to the buying decision on the part of the consumer is the salesman and the cell phone being in front of them. As has been pointed out in the Competitive Analysis section there are other sellers with similar brand names as those supplied by Garbles Cellular Phones, Inc. which may even be less expensive. It is essential that the salesman point out the salient features and selling points favoring our products. Most importantly, our products must be available in the retail outlet, since whatever products our store carries are the ones that are going to be sold.

The need to attract, acquire, leverage, and retain customers remains a primary concern to business. Revenue growth through customer acquisition and retention is as important a requirement in e-commerce as it is in other businesses. Customers, especially in the Western business culture, count speed of service as a key reason why they do business with a company. They resent delays and hate waiting for service. In the United States, almost 80% of the gross domestic product (GDP) is generated through different kinds of services, and speed of service no longer distinguishes an enterprise as providing superior value. Customers generally are not thrilled if they receive good service, but they are highly dissatisfied if they do not. Garbles Cellular will provide the necessary framework to cope with these demands by cutting the waiting time for a service.

Customers also want consistent, reliable, and easy-to-use service. As the speed of service increases, customer expectations grow, making friendly, easy, and solution-oriented customer service an important business trend.

Reflective shoppers get some support from e-commerce as well. They like to investigate products precisely and consciously. However, when browsing costs a lot because of on-line charges, they do less of it. Consequently, they do not get a holistic view of the available options, and their expectations often are not met. Reference-spending customers do not let themselves be hurried or forced. They use alternative offline sources to get information. They refuse aggressive marketing, which is accepted in Western e-commerce.

Soon, shoppers will simply wave their cell phone over the item they want and the charge will automatically appear on their cell phone bill. It’s happening in some cities overseas already. And right now, MasterCard and Motorola are testing out a similar program here in the States. Retailers have registers that will take the signal from the cell phone, and the purchase is automatically converted to a MasterCard charge. Buyers don’t have to sign anything. The scary part is what could happen when people lose their cell phones or have them stolen. There are lots of technical and legal issues to work out here, but paying wirelessly is going to gain momentum quickly.

Keys to Success

Our company keys to success will include:

  • Provide excellent customer service
  • Grow and maintain a referral network of customers
  • Focus expertise in GSM cellular phones and GSM cellular phone programs
  • Respond rapidly to customer problems with product or plan

Marketing & Sales

Marketing plan.

Short-term marketing strategies are those that bring will bring us a temporary boost in traffic. Although these techniques are very important to our over-all plan, they are only a temporary traffic source and must not be solely relied upon. Short-term marketing strategies include:

  • Purchasing Advertising
  • Bulletin Boards
  • Search Engines

Long-term marketing strategies are those that will bring us a steady stream of targeted traffic over time. These strategies will continue to produce results even years down the road. Long-term marketing strategies include:

  • Opt-in Lists

By creating and implementing a balanced marketing strategy, using both short-term and long-term strategies, Garbles Cellular will drive a steady stream of targeted traffic to our website.

Using this simple formula when creating our Internet marketing strategy and excelling at all three, we hope to guarantee our success.

Our short-term marketing strategy will focus heavily on sales promotion, niche positioning in the market and customer service with loyalty and retention in sales.

Our promotions will always stay in tune with our company objectives and mission statement.

When we Sales Strategy we shall follow the following steps:

Sales Success Requires Planning  – we shall formulate our sales strategy and tactics to achieve our sales success.

Analyze Our Potential  – we shall step through a structured process that will prepare us for the development of our sales strategy.

Strategize Around Strengths  – the description of our sales activity will be analyzed producing a report that reveals factors impacting our sales potential.

Develop Our Tactics  – we shall receive guidance to develop a comprehensive tactical plan to achieve our success.

Measure Our Success  – we shall constantly develop key measurements that mark the progress of financial estimates that guide our growth.

Employ An Action Plan for Success  – we shall provide our sales force a clear tactical plan that is also aligned with management’s strategic objectives.

The sales strategy of Garbles Cellular Phones is simple. The key to customer satisfaction is having the product and services that meet the customer’s needs. A crucial part of that is to also have knowledgeable employees to help customers quickly find what they want.

Locations & Facilities

The Garbles Cellular Phones’ store will operate virtually 24 hours a day 7 days a week. Although the store opening hours will be officially 10:00 a.m. to 6:00 p.m., it is clear that due to our Internet operation the customer support will be a non-stop one. The personnel plan, as detailed in the following table, has been developed to support these hours.

Milestones & Metrics

Milestones table.

Milestone Due Date
Mar 09, 2020
June 07, 2020
Sept 07, 2020
Dec 07, 2020

Key Metrics

Our Key Metrics:

  • # of customer’s who tweet and retweet about our service. our customers will want to talk to us, we want to listen 
  • # of facebook page views and likes.
  • We will run specials on our website as well as Facebook. We will provide codes that link directly to the promotions so we can tell if they are working or not 
  • Our Website. Everything is easy to find and terms are easy to understand. We will also have a chatbox to help customers with questions. 
  • Instagram – Have a picture scavenger hunt which ends in the ability to win a accessory or in rare cases a phone. 

Ownership & Structure

Garbles Cellular Phones is wholly owned by Mr. Seramed Garbles, who is a citizen of the East Atlantic Island Archipelago and the owner of Garbles Cellular Phones Ltd in that country.

Management Team

The management of Garbles Cellular Phones, Inc. is made up of the owner, a Marketing manager (Mr. Nomassu Perozia) and three other members who will be hired locally and will be added: a Programmer, and two store attendants with one serving at the beginning as secretary. 

Personnel Table

2020 2021 2022
CEO $48,000 $48,960 $49,939
Marketing Manager $45,600 $46,512 $47,442
Office Admin $42,000 $42,840 $43,697
Store Attendants (2) $72,000 $73,440 $74,908
Totals $207,600 $211,752 $215,986

Financial Plan investor-ready personnel plan .">

Key assumptions.

It is assumed that the owner’s private resources will be sufficient to finance any monthly cash-flow shortage. However, it would be advisable to establish a bank relationship as soon as possible. Sales could very well increase at a much sharper rate than assumed in these conservative projections. Sharper sales will result in a greater need for funds in support of inventory and receivables. An over-draft line of credit with the bank will be an excellent cushion to fall back on.

This is considered a very good time to start a new business. The economy is beginning its trek up, and consumer spending is up. The Commerce Department reported, "Consumers had increased their spending, the largest advance in nine months."

A shorter learning curve will be brought to the business by the owner due to his extensive background and in-depth market knowledge. He has a clear understanding of the need to manage costs and forecast future needs so that the business is not "broadsided" by the unexpected.

One other component on which the financial plan is based is wise purchases. Finding the right product, at the right price will enable the business to meet planned margins and maintain inventory at an attractive level with a high turn rate.

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

Our Start-up expenses are:

Legal $5,000

Insurance $1,000

Rent $2,000

Equipment $2,000

Other $1,000

TOTAL START-UP EXPENSES$11,000

In addition we will have the following Start-up Assets:

Cash Required $2,000

Start-up Inventory $30,000

TOTAL ASSETS$32,000

This brings our total required to $43,000

Sources of Funds

Mr. Seramed Garbles will invest $43,000 in Garbles Cellular Phones, Inc. to cover start-up costs. He will also invest an additional $50,000 when operation takes off for a total of $93,000

Projected Profit & Loss

2020 2021 2022
Revenue $394,500 $608,000 $865,000
Direct Costs $169,635 $261,440 $371,950
Gross Margin $224,865 $346,560 $493,050
Gross Margin % 57% 57% 57%
Operating Expenses
Salaries & Wages $207,600 $211,752 $215,986
Employee Related Expenses $41,520 $42,350 $43,198
Rent $24,000 $24,000 $24,000
Insurance $12,000 $12,000 $12,000
Utilities $3,600 $3,600 $3,600
Marketing / Promo $7,200 $7,200 $7,200
Total Operating Expenses $295,920 $300,902 $305,984
Operating Income ($71,055) $45,658 $187,066
Interest Incurred
Depreciation and Amortization
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $465,555 $562,342 $677,934
Net Profit ($71,055) $45,658 $187,066
Net Profit/Sales (18%) 8% 22%

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $2,000 $101 $49,195 $242,961
Accounts Receivable $4,100 $5,067 $7,208
Inventory $30,000 $30,000 $30,000 $30,000
Other Current Assets
Total Current Assets $32,000 $34,201 $84,262 $280,169
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $32,000 $34,201 $84,262 $280,169
Accounts Payable $20,256 $24,659 $33,500
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $20,256 $24,659 $33,500
Long-Term Debt
Long-Term Liabilities
Total Liabilities $20,256 $24,659 $33,500
Paid-In Capital $43,000 $96,000 $96,000 $96,000
Retained Earnings ($11,000) ($11,000) ($82,055) ($36,397)
Earnings ($71,055) $45,658 $187,067
Total Owner’s Equity $32,000 $13,945 $59,603 $246,669
Total Liabilities & Equity $32,000 $34,201 $84,262 $280,169

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit ($71,055) $45,658 $187,066
Depreciation & Amortization
Change in Accounts Receivable ($4,100) ($967) ($2,142)
Change in Inventory $0 $0 $0
Change in Accounts Payable $20,256 $4,403 $8,841
Change in Income Tax Payable $0 $0 $0
Change in Sales Tax Payable $0 $0 $0
Change in Prepaid Revenue
Net Cash Flow from Operations ($54,899) $49,094 $193,766
Investing & Financing
Assets Purchased or Sold
Net Cash from Investing
Investments Received $53,000
Dividends & Distributions
Change in Short-Term Debt
Change in Long-Term Debt
Net Cash from Financing $53,000
Cash at Beginning of Period $2,000 $101 $49,195
Net Change in Cash ($1,899) $49,094 $193,766
Cash at End of Period $101 $49,195 $242,961

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Mobile Phone Repair Shop Business Plan for Beginners

  • by Next What Business Research Team
  • Business Plans , Service Based
  • August 31, 2024

Do you want to start a mobile phone repair shop business with a small capital investment? If yes, you have landed at the right place. Find here a complete stepwise guide on starting a mobile/ smartphone repair business from home or with a retail storefront.

As per industry experts, India’s smartphone shipments touched 17 million units in 2021 and are predicted to grow more. Hence, it can be easily concluded the demand for the mobile phone repair service business is bound to grow in the coming days.

Table of Contents

12-Step Mobile Phone Repair Shop Business Plan

1. research the market.

Begin by conducting thorough market research to understand the demand for mobile phone repair services in your area. Assess the competition, target market, and pricing trends. Identify the popular mobile phone brands and models in your region.

2. Decide on Mobile Phone Repairing Business Model

A business model is a make-or-break aspect of any startup. And initiating a business with the right business models is absolutely necessary for getting long-term success in the business. Here we have mentioned three different types of prudent business models. However, you can definitely modify one as per your specific requirement.

a) Buy a Mobile Phone Repair Franchise

This is one of the safest ways of starting this business. You can find a lot of mobile phone repair business franchise opportunities in your city. And if you are a beginner in this trade, you can consider this. However, you must choose the right franchise as per your investment capacity and local market demand.

Read:   Top Mobile Phone Companies in India

b) StoreFront Mobile Phone Repair Operation

This is one of the most traditional and proven models of opening a mobile phone repair business. This type of operation demands moderate capital investment. And definitely, the business returns more lucrative revenue than a franchise operation.

c) Home Based Mobile Phone Repairing Service

This is another great phone repair business model you can operate with a small startup capital investment. As the name refers, you will provide the service at the client’s doorstep. However, here also you must have a servicing center of your own. If you find any critical issues, then you might consider bringing the phone with you to fix the major faults.

3. Learn the Skills & Get Certified

Skill is the most important aspect of this business. In starting a cell phone repair business, you must have adequate skills to address the basic issues of fixing a damaged smartphone. Additionally, you must know the basics of industry trends. If you don’t have at least some basic skills, then it is impossible for you to start and operate the business. If you are already an expert and want to open this business, then you can directly jump to the next paragraph. However, if you don’t have that skill, you can consider joining the training classes.

4. Create a Business Plan

Crafting a business plan is the most essential and first action step in starting this business.  Develop a comprehensive business plan that outlines your goals, target market, services offered, pricing structure, marketing strategies, and financial projections. This plan will serve as a roadmap for your business and can help attract potential investors or secure financing.

5. Select Services

Generally, a mobile phone repairing company offers services like repairing basic feature phones, smartphones, iPhones, tablets, etc. In addition to that, you can offer several specific repair services too. Some of the most popular services are

  • Screen repair and replacement
  • Battery repair and replacement
  • Button and headphone jack repair and replacement
  • Camera and sensor repair and replacement
  • Water damage repair
  • Software updates
  • Other repair and replacement

6. Registration & Licensing

After crafting the plan, you have to register your business . Additionally, you must apply for the necessary licenses and permissions. Basically, it varies from state to state. Therefore, it is advisable to check the licensing factors with local consultants. In addition to that, you must be aware of upcoming tax liabilities and compliance liabilities too.

7. Arrange Finance for Mobile Phone Repairing Business

Generally, the mobile phone repair business demands moderate capital investment . However, the amount of investment depends on the business model and business size. A storefront operation demands investment for establishing the store. Some of the basic investment areas are equipment cost, manpower cost, and operation costs including administrative and promotional expenses.

Having a well-written business plan will come in handy when applying for a business loan to financial institutions. Also, you use your credit card judiciously, if a limited fund is required.

8. Source Basic Mobile & Smart Phone Repair Equipment

The business demands specific arrangements for the right equipment. Some of the basic repair tools are wire cutters, small Phillips screwdrivers, flat-head screwdrivers, heat guns, adhesives, Isopropyl alcohol, and a soldering station. You can check at Amazon for the latest price on mobile phone repair kits. Additionally, you must have a computer with an internet connection. And definitely a working desk setup for doing the repairing jobs.

9. Hire Expert Personnel

Basically, the manpower requirement depends on the business model and the size of the business. And if you want to hire employees then never compromise with the quality of the personnel because the employees are the biggest aspect of any startup operation.

10. Business Setup

According to the specific business model, establish the workstation. If you want to operate the business from a storefront location, then select the right retail space for it. Try to select a location in a busy area with high traffic. You can also set up the workstation at your home and offer a doorstep delivery service. Decorate the workspace with essential furniture and equipment and a waiting area for customers. Set up a clean and organized workspace with proper lighting and ventilation. Finally, arrange the invoice-raising systems. You can consider using good business accounting software to get day-to-day track records. Also, install POS software for making payments easier for customers. Furthermore, select a catchy name for your mobile phone shop repair business.

11. Set Competitive Pricing

Research the market to determine competitive pricing for your repair services. Consider factors such as the complexity of repairs, the cost of spare parts, and your operating expenses. Offer transparent pricing to your customers, providing estimates for repairs before initiating the work.

12. Promote Your Business

Regardless of your mobile phone repair business model, you must promote your business . According to your target audience and investment capacity, craft a marketing plan. You must put an effort into making people aware of your services. It would be great if you can create a website for your mobile phone repair shop business. This will create confidence among customers but also will help you to reach a wider audience. Additionally, make your business available in the local classifieds. Also, you can consult with a digital marketing company to create a digital marketing plan for your mobile phone repair business.

Frequently Asked Questions

How much does a cell phone repair technician make.

How Much Does a Mobile Phone Repair Technician Make? If you average a revenue of around Rs. 250 per repair and you fix 8 devices a day, you can have a revenue of Rs. 2000 per day. So, approximately, you can make around 60,000 Rupees per month at ease.

What is the Cost of Starting a Mobile Phone Repair Shop?

It is needless to say the investment will depend on the size and scale of your mobile shop. However, the cost of starting a mobile-phone repair shop on a small scale will be a minimum of Rs. 1 Lac. The space cost is not included.

Is Mobile Phone Repairing Business Profitable?

it is without saying, the mobile phone repairing business is enormously profitable in this part of the world. As more and more smartphones are being sold, the need for professional mobile phone repair technicians will increase. However, one needs to be adequately trained for repairing the latest models of smartphones. Furthermore, proper business planning and effective promotional activities must be initiated to make the mobile phone repairing business more profitable.

Do I need any certifications or licenses to start a mobile phone repair shop?

In India, there are no specific certifications or licenses required to start a mobile phone repair shop. However, it is advisable to register your business as a sole proprietorship or a private limited company and obtain the necessary business licenses and permits as per local regulations.

How can I keep up with the evolving technology in mobile phones?

Stay updated with the latest mobile phone technology by regularly attending workshops, seminars, and industry conferences. Follow reputable online resources, join online forums, and engage in continuous learning to stay informed about new models, repair techniques, and software updates.

How can I ensure the quality of my mobile phone repairs?

Focus on using genuine spare parts and tools, employ skilled technicians, and maintain a rigorous quality control process. Test each repaired device thoroughly before returning it to the customer. Providing warranties on repairs can also instill confidence in your customers about the quality of your services.

What are the common challenges in the mobile phone repair business?

Some common challenges include sourcing genuine spare parts, keeping up with evolving technology, managing competition, dealing with warranty issues, and maintaining profitability while offering competitive pricing. However, effective inventory management and building strong relationships with suppliers can help mitigate these challenges.

Can I offer doorstep repair services?

Yes, you can offer doorstep repair services as an additional service. This can be particularly helpful for customers who are unable to visit your repair shop. However, ensure that you have proper systems in place to manage logistics and maintain the quality of repairs conducted outside your premises.

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Phone House Company Ltd logo

Phone House Company Ltd

Lusaka, zambia, contact info.

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Tecno mobile phones image

Tecno mobile phones

Inviting you to the smart side of life, Phone House Company offers an extensive range of Tecno phones and iPads in different colors and sizes. This company maintains a large inventory of mobile phones that meet various requirements and budget needs. Phone House Company is focused on offering you the latest mobile phones as they are launched. This company offers a wide range of original Tecno branded products. The range includes:

  • Accessories

Recognised by Tecno for their high standard repair works, Phone House Company is a certified service centre of all Tecno mobile phones. Repairs carried out here will not void your warranty.

Tecno mobile phones - 0

Phone accessories

Phone House Company has established itself as a leading supplier of a diverse range of phone accessories for various purposes. The company looks forward to serving you with its massive selection of phone cases, chargers, cables and more!

Of special interest is the USB Type-C, a fully reversible connector system which accelerates the transport of data and energy. It supports a maximum of 3A current in charging, which means more current delivery to your device in the shortest possible time. This extends battery life, especially welcome when you're travelling. Manufactured from environment-friendly resin, the USB Type-C cable is noted for its strength and improved resistance to external forces. Count on it for fast data and energy transport without worrying about excessive usage.

Phone accessories - 0

In order to renew your subscription to Kwesé after your free month, you can pay at Phone House Company. When you subscribe to Kwesé TV, you will get automatic access on your decoder and on up to five other devices. Kwesé TV is committed to providing affordable, premium content to you.

Kwesé is a brand of Econet Media Limited, the media arm of Econet, one of Africa's leading Telecoms, Media & Technology groups. It is a distinctly African entertainment company that is disrupting the industry by breaking through the confines of traditional approaches to broadcasting. Kwesé aims to meet the needs of an increasingly dynamic and globally connected African viewer by providing affordable, premium content to audiences across the continent.

The Kwesé network is Africa's first truly converged media company with pan-African businesses in pay TV, free-to-air TV and digital. Premised on the concept of TV everywhere and anywhere, Kwesé is revolutionising the media industry in Africa.

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Contact information

Message phone house company ltd, enquiries, questions, quotation requests etc, you may also be interested in..., related categories.

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Run a business in Zambia?

Telephone accessories products for sale online in Zambia

Telephone accessories.

Telephone accessories are used to set-up or maintain your phone, or provide additional functionality. Whether its adding connectivity, adding audio or improving usability, there's an accessory for these.

There are many different types of telephone accessories available when considering a telephone component or phone accessory. Examples of telephone accessories include cell phone components, phone batteries, cable splitters, headsets, chargers and cables and more.

There are several specifications used in the production of telephone components and telephone accessories. Cellular phones have become a combination of cell phone components and handheld computers. Advancing cellular phone technology enables wireless device manufacturers and mobile service providers to expand their capacity and create new phone accessories and services.

Cell phone accessories

  • Pouches and sleeves.
  • Fitted cases.
  • Flip cases and wallets.
  • Screen protection and body films.

As it has since its early years, the telephone instrument is made up of the following functional components: a power source, a switch hook, a dialer, a ringer, a transmitter, a receiver, and an anti-sidetone circuit.

A traditional landline telephone system only contains three simple parts: a hook switch, which connects and disconnects the phone from the network; a speaker; and a microphone, through which sound waves from your voice compress and decompress the granules, changing the resistance and modulating the current flowing

There are two essential parts to a telephone: the microphone (which you talk into) and the speaker (which you put by your ear). Inside the microphone is a thin piece of metal called a diaphragm. It vibrates when the vibrations from your voice hit it.

The main purpose of buying cell phone accessories is safety. They also help you take full advantage of your cell phone. It can either perform at a higher level after addition of these accessories and might even look better than before.

A handset is a component of a telephone that a user holds to the ear and mouth to receive audio through the receiver and speak to the remote party via the built-in transmitter

A landline (also known as land line, land-line, main line, home phone, fixed-line, and wireline) is a phone that uses a metal wire or optical fiber telephone line for transmission as distinguished from a mobile cellular network, which uses radio waves for transmission.

Virtually all new cordless phones sold in the US use DECT 6.0 on the 1.9 GHz band, though legacy phones can remain in use on the older 900 MHz, 2.4 GHz and 5.8 GHz bands.

There are three main types of business telephone system, they are:

  • Hosted telephone systems.
  • On-premise PBX telephone systems.
  • Hybrid VoIP telephone systems.

Cordless wall phones are phones that have wireless handsets connected to bases with landline connections. Unlike mobile phones, cordless wall phones must be used in close proximity to the base. Cordless wall phones come in a variety of frequency ranges. The most common range is from 900 MHz, to 2.4 GHz, to 5.8 GHz.

A good car phone mount is an essential accessory for any vehicle that doesn't include a built-in navigation system. Phone mounts provide a safe and simple way to make calls, get turn-by-turn directions, and use your phone's voice assistant.

Run a business in Zambia?

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  1. How To Start Cell Phone Accessories Business

    phone accessories business plan in zambia

  2. Cell Phone Accessories Business Plan

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  3. CELL PHONE ACCESSORIES BUSINESS PLAN

    phone accessories business plan in zambia

  4. Phone Accessories Distribution Business Plan

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  5. iStore Zambia

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  6. How To Start Cell Phone Accessories Business

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COMMENTS

  1. Cell Phone Accessories Store Business Plan [Sample Template]

    Marketing promotion expenses for the grand opening of John Lyon® Cell Phone Accessories Stores, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580. The cost for hiring business consultant - $2,500.

  2. How To Start Cell Phone Accessories Business

    To ensure the success of your cell phone accessories business plan, here are a few essential elements to include: 1. Table of Contents. Create a comprehensive table of contents that outlines the structure of your business plan. This helps you stay organized and shows your seriousness and attention to detail. 2.

  3. A Comprehensive Cell Phone Accessory Business Plan

    Crafting a comprehensive business plan is a crucial step in setting up your cell phone accessory business. Your business plan acts as a roadmap, outlining your objectives, target market analysis, marketing strategies, financial projections, and operational structure. It is also a valuable tool for securing funding from investors or financial ...

  4. How to Start a Cell Phone Accessory Business

    Find the Right Location. Location is extremely important for a cellphone accessory business. Consider starting by renting a kiosk in a mall or plaza as this ensures that you are in a high traffic ...

  5. The Best 13 Phones & Accessories businesses in Zambia

    Lusaka. Telefonika is a major supplier of quality phones and accessories. The store stocks top phone brands including iPhone, Samsung, Sony, Nokia, Huawei and Blackberry. Telefonika also offers a wide variety of accessories such as screen guards, cases, headsets, batteries, chargers and housing units.

  6. Starting a Mobile Phone Accessories Business

    Starting your own mobile phone accessories business can be a great way to make some extra money. You will need to consider all the different factors involved, such as product sourcing, pricing, marketing and distribution. Research - Start by researching what type of products are in demand in the mobile phone market, and decide which one you ...

  7. How To Create A Phone Accessories Business Plan

    The increased prevalence of mobile phones in the world means that people need accessories such as phone covers, tripods, mounting systems, screen protectors, headphones, etc., now more than ever to heighten and improve their smartphone experience. This high demand has created a great business opportunity for any parties that are interested.

  8. A Comprehensive Guide to Starting a Cell Phone Accessory Business

    Explore the dynamic growth and trends in the global mobile phone accessories industry. Discover how smartphones drive demand and the challenges that come with it.

  9. How To Start Cell Phone Accessories Shop Business [PLAN]

    Although we are launching as a small business, our sights are far beyond our current scale. We plan to become significant cell phone accessories suppliers to end-users and wholesalers. Also, we will be opening outlets in major cities across the 50 states of America. We hope to have achieved this within eight years.

  10. Accessories

    The Accessories market in Zambia is projected to grow by 6.99% (2024-2028) resulting in a market volume of US$575.80m in 2028. ... Business Plan Export ... Phone or tablet covers; Gloves, scarfs ...

  11. Cell Phones Retailer Business Plan Example

    Employ An Action Plan for Success - we shall provide our sales force a clear tactical plan that is also aligned with management's strategic objectives. The sales strategy of Garbles Cellular Phones is simple. The key to customer satisfaction is having the product and services that meet the customer's needs.

  12. How to write a business plan for a mobile phone repair shop?

    A business plan has 2 main parts: a financial forecast outlining the funding requirements of your mobile phone repair shop and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

  13. Phone and accessories bussiness plan

    Description 📚🧑🏽‍🎓🎓 *PROFESSIONAL ACADEMIC WRITERS* ; https://wa.me/c/[See contact info below] 🖊️ Assignment 🖊️ Research Proposal 🖊️ Dissertation+Thesis 🖊️ Company profile 🖊️ Data analysis SPSS+ 🖊️ Business plans 🖊️ Business Proposal 🖊️Power-P presentation 🖊️ Report writing 🖊️ Cover letter 🖊️CV writing 🖊️ Proof reading ...

  14. The Best 26 Electronics & Computers businesses in Zambia

    You will find all the latest smartphones manufactured by Samsung, Huawei, HTC, Apple, Google, Blackberry, Tecno to mention but a few. Accessories in stock include headsets, memory cards, screen protectors, batteries, cases, and USB cables. Armcell Electronix Zambia. Home computers & accessories. Lusaka.

  15. Telefonika

    Telefonika is a major supplier of quality phones and accessories. The store stocks top phone brands including iPhone, Samsung, Sony, Nokia, Huawei and Blackberry. Telefonika also offers a wide variety of accessories such as screen guards, cases, headsets, batteries, chargers and housing units. Major supplier of quality phones and accessories.

  16. Mobile Phone Repair Shop Business Plan in 10 Steps

    12-Step Mobile Phone Repair Shop Business Plan. 1. Research the Market. Begin by conducting thorough market research to understand the demand for mobile phone repair services in your area. Assess the competition, target market, and pricing trends. Identify the popular mobile phone brands and models in your region. 2.

  17. The List of Phone Accessories in Zambia

    Plot 10574/5, Chandwe Musonda Road, P.O. Box: 30933, Lusaka. Printech is a wholly Zambian owned, established and trusted company. We are one of the leading Print Houses and the largest stationery wholesale store in the country.

  18. The List of Mobile Phone Shops in Zambia

    We are Zambia's Number one phone dealer with currently 13 stores located in Lusaka, Choma, Chipata, Kabwe, Kitwe, and Solwezi. ... The company was established in the year 2002 to carry out business to fabricate and fit various accessories to the off road vehicles, trucks and buses. This fabrication is carried out under the brand ...

  19. Niza Phone Accessories

    Niza Phone Accessories, Lusaka, Zambia. 12,140 likes · 147 talking about this. Niza phone accessories has unique phone covers, pouches. key rings, screen...

  20. Phone House Company Ltd

    Phone House offers a wide selection of original Tecno branded mobile phones and iPads. Tecno is amongst the worlds most famous brands. The company caters for all sectors of the economy, offering low end and high end phones at competitive prices. All phones available at Phone House Zambia come with a 1 year and 1 month guarantee.

  21. The Best 12 Mobile Phone Accessories in Zambia

    Mobile Phone Accessories. Samsung. A shockproof case for Samsung Galaxy Tab A7 Lite is a protective cover designed to provide optimal protection against accidental drops, bumps, and impacts. This particular case comes in a stylish navy blue and rose red colour combination. Plus260 Tech Solutions.

  22. The Best Telephone accessories in Zambia

    There are three main types of business telephone system, they are: Hosted telephone systems. On-premise PBX telephone systems. Hybrid VoIP telephone systems. Cordless wall phones are phones that have wireless handsets connected to bases with landline connections. Unlike mobile phones, cordless wall phones must be used in close proximity to the ...

  23. Cell Phone Accessories & More

    Explore our best selection of phone accessories, headsets, and more. Contact a T-Mobile® Business Expert today to learn about business plans and services!