Business Idea

Start A Smartphones Shop Business

About

Starting a smartphones shop business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$65.6B
gross margin
40%
time to build
7 months

About

Starting a smartphones shop business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$65.6B
gross margin
40%

 

time to build
7 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $10 $2,100
Equipment & Supply Expenses $500 $5,000
Inventory Expenses $350 $14,750
Software Expenses $150 $2,794
Website Costs $17 $275
Advertising & Marketing Costs $0 $2,450
Other Expenses $0 $300
Total Startup Costs $1,027 $27,669

Successful Businesses

Business URL Rank
Never Settle - OnePlus oneplus.com #4,961
Phones, Plans and More fido.ca #11,851
Mobile, Fibre Broadband and TV services provider singtel.com #18,316
Ting Mobile: Choose smarter mobile service. ting.com #46,674
motorola IN motorola.in #72,782
5G Phones And More three.ie #81,355
Latest Mobile Phones, Smartphones, Laptops at Best Price India lavamobiles.com #142,615
iD Mobile idmobile.co.uk #157,917
Gigaset Telephone, Smartphone & Smart Home Solutions gigaset.com #177,622
Smartphone Shop smartphoneshop.co.za #250,371
Cellphones.ca cellphones.ca #407,198

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a smartphones shop business costs significantly less money than most businesses, ranging anywhere from 1,027 to 27,669.
Rewarding work Starting a smartphones shop business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A smartphones shop business gives people a reason to visit your website and to keep coming back to you!
Cons Description
Crowded Space Competition is high when it comes to your smartphones shop business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Finding The Right Supplier Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Lack of benefits With a smartphones shop business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a smartphones shop business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a smartphones shop business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.