Now-a-days Mobile and Mobile accessories Business
is fast growing as mobile users are grown rapidly in India so, there is no
doubt this is a long-term business. Now, before the start business, the first
question that comes to our mind is how much investment is required to start a
Mobile and Mobile accessories business. Then we calculating total investment
and our total budget. But before all that, you need to know basic information
like what is the rate of the shop in your area, how much staff would be required
and most importantly what are the demanded accessories in the market for the
business??
There I can help you a little bit more, I have
prepared a list of mobile accessories that you can keep in your shop or store:-
1. Cases/Covers
2. Earphones (wired or
wireless)
3. Phone Camera Lenses and
Smart Flash
4. Headphones (wired or
wireless)
5. Mobile screen tempered
glass
6. Selfie stick
7. Mobile screen lamination
8. Batteries and chargers
9. HDMI cables
10. Bluetooth
11. Car Charging
12. Bluetooth speaker
All these products are very demanding these
days. You should keep these products in your store, then the chances of failure
of business are very less.
My friends always remember “Hard work is the only mantra to success”.
One more thing is different accessories have different profit
margins, but mobile accessories have more profit than selling the mobile phone
as per the successful business owners.
Steps to
Start Cell Phone Accessories Business in India
Now, you have some basic information and a list of some products
that are in demand. The next thing is to make proper planning before
starting a mobile accessories business.
As you know that and there is no doubt that it is a multi-billion
dollar industry that continues to flourish with new products, updated services,
and you can be a part of it after doing proper planning and research.
Here are some helpful points always remember
before starting a Cell Phone Accessories business-
1. Analyze the Market
There
would be several competitors in this industry. Although, competition is a
healthy and necessary part of any business. When you look around you see big
stores with a huge customers crowd. Never get upset or thinking about changing
the business plan. Remember, that the cell phone accessories market is so huge
and the same amount in demand so, that there is always room for a
new player. Always observe that what your competitors are selling and try
to set yourself apart by creating a product list that is unique from others and
the latest in the market. Consider, each and everything which you can include
or exclude to make your store popular.
2. Be
sure
Once you analyze and understand the market
well, take time. Ask yourself if this business suits you, if yes
then go ahead. If you feel that this business is not for you then change your
plan. In general, for any business you want to start you have to be
passionate about your work if you wish to succeed.
3. Find the
right location
After you decide that you wish to start Mobile
accessories business. Then, you would have to decide to purchase or rent a
shop, as per your budget.
For this business, location is a crucial thing,
which matters a lot for the mobile accessories business. If you want to run
your business profitable then your store should be in a mall or a marketplace
where is huge footfall. You cannot open a store in an isolated place. Also
remember, you should plan all things according to your budget.
4. Capital
Friends this is a very important point which decides our store
look and feels. Every business needs capital to start, without that business is
impossible. In starting phase, you have to invest 5–10 lacs you can open
your mobile shop. However, you can still open it with the capital of 2–5
lacs in some rural places. There is another point for maximizing profit is
purchase products at a lower rate from the wholesale market.
5. Meet Legal Requirements
Before starts a mobile accessories business,
you would need to get a business license. You would need to go through the
website:- https://www.msmessiregister.in/msme-license-small-business to know which license is required for your business. The
license would apply according to the type of business. If your business is a
proprietorship, it needs a different license, and for the partnership, it needs
a different license. There are a few things that would be the same for both
cases, such as-
You need to register the shop under Shop and
Establishment Act. if you want to open a physical shop.
Now, the GST is mandatory if
your sales would be more than 20 lakhs annually or if you wish to sell your
products inter-state.
· Traders license
· PAN registration
· Aadhar Registration
6. Payment mode
You ensure that all the online options for accepting payments
through different methods should be available. Due to these payment options,
clients feel comfortable and shopping going very easy for them. If you do not
adopt these online payment modes, then some customers might avoid your
store. (This is a small thing but makes a difference).
7. Marketing on Social Media
Strategy wise marketing is a very important point for any
business. So, you should promote your business on Social media platforms and
websites that are available. Where you can target your customers and earned
profit. Marketing on social media, you can do it yourself with your smartphone
or you may give it to a freelancer who can do it for you with a small amount of
money. In the current scenario, all the big and small businesses are targeting
their customers by using Social Media platforms.
In the end, the business idea is good you should go for that. Best
of Luck.
(Thanks for visiting my blog)
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