Franchise or own business

[evilwit]

Hey guys
I want to open my own business with an investment range of 3-5 lakhs.As I am inclined towards technology i would prefer something related to mobiles and accessories or repairing of the gizmos.To be very honest I have been a entrepreneur for last 5 years but have zero experience in this field.But i have the abilities to convince people to buy my products/services.I have seen some websites like Mobile Repair Franchise OverviewMobile Unlocking, Laptop Repair Service Center in Mumbai ? ACMA Tech -922-222-8181Bigfix - Repair & Service Center for Mobile Phones, Tablets and Laptops. etc.Let me tell tell you all these websites offers franchise programs and repair gadgets.Some of the company’s have mixed online review,some have bad.I was also considering mobile store but don’t know its investment.Due to privacy reasons I can’t disclose exactly where I live but to give the idea of place I live in, a place thats a old city where there’s a need of mobile and accessories retailer who is trustable,have latest stocks and offer good reapring services preferably with warranty.But in my entire city there’s no one who can repair gadgets and provide warranty on the repairs.So my queries



If you recommend me to go for a franchisee which one should i go for?Do you guys have any info/experience about the company’s i have mentioned?Or do you know any other?

Should i go for repairing or retailing or both of the gadgets?Which company will be best for it?

Should i go for the franchisee or open my own business of mobile and accessories retailing and please keep in mind that i have null info about where to source stocks from?

Or should i sell online?If yes then,how’s the scope of earning?Where can i source stocks from?

 

[satinder]

I am at Delhi.
Gaffar market is full of spare parts.
But only for Chinese or similar mobiles.
You can try for Samsung or Micromax Mobiles franchisee for sale purpose.
It depends on company if they will give service center franchisee or not.

Most mobiles need to have spares from same company. It takes time to get spare from company.
Even common item like Touch Screen or LCD replacements are difficult to get under warranty.
In Delhi they take one month to get such spares.
All companies are interested in selling only with use and throw type philosophy.

Chinese spares are not reliable.
Few parts can be OK with Chinese spares.

For each model spares need particular part only.
You have to invest heavily on spares.
Either you can stock new products or invest in spare parts.
Online selling only possible if your city has good courrier companies.
One company is good for one area only. Other has better network in other area (particular state) only.
Even in Delhi we have 4-5 companies dealing good services in different areas.
It is difficult here Also.
But here online companies are picking products from seller at premium and send to customer by their own network.
If you fail to deliver product on time or some lack is in delivery, amazon cancels seller's account on this ground. Other e-shops will follow this model soon.

Think of these things too.
For online selling you need sales tax / Tin No.(VAT). It is must now for all big e-shops.

Better focus on local market and research about these issues.

 

[evilwit]

I am at Delhi.
Gaffar market is full of spare parts.
But only for Chinese or similar mobiles.
You can try for Samsung or Micromax Mobiles franchisee for sale purpose.
It depends on company if they will give service center franchisee or not.

Most mobiles need to have spares from same company. It takes time to get spare from company.
Even common item like Touch Screen or LCD replacements are difficult to get under warranty.
In Delhi they take one month to get such spares.
All companies are interested in selling only with use and throw type philosophy.

Chinese spares are not reliable.
Few parts can be OK with Chinese spares.

For each model spares need particular part only.
You have to invest heavily on spares.
Either you can stock new products or invest in spare parts.
Online selling only possible if your city has good courrier companies.
One company is good for one area only. Other has better network in other area (particular state) only.
Even in Delhi we have 4-5 companies dealing good services in different areas.
It is difficult here Also.
But here online companies are picking products from seller at premium and send to customer by their own network.
If you fail to deliver product on time or some lack is in delivery, amazon cancels seller's account on this ground. Other e-shops will follow this model soon.

Think of these things too.
For online selling you need sales tax / Tin No.(VAT). It is must now for all big e-shops.

Better focus on local market and research about these issues.

thanks for the reply bro.As I have mentioned the company's earlier which offer repairs with warranty.Is that a bad idea?Are those company trustable?And if I have to deal within local market i would prefer retailing mobiles and its accessories and may be laptops and pre built desktops and computer accessories only.And sorry but i dint get"local market".By this you mean opening a shop of my own?Let me tell me i am interested in this too but i dont have the idea where to source stocks from?Like where can i buy mobiles,laptops,desktops and accessories?Can you help me on this?And i have heard retailing or trading using brick and mortar shops is no longer profitable because of the entry of ecommerce sites.Thats why I was thinking of repairing.Because as told by many it is the only profitable business left in IT industry.And that too if i provide repairs with warranty.

 

[satinder]

Any how you have to open a Repair Shop in Brick and Mortar.
Spare Parts Sourcing is done with distributors and dealers operating in your area.
I can't tell you where these are.
Check websites of companies and search for dealers and distributors in your area. You can call them after getting no from a website.
Try in franchise model of warranty repair model first as you have no idea of technical implications.
After some experience only start your own model of business.
This is must for you.
Otherwise you will not achieve success in a new field.

 

[evilwit]

Any how you have to open a Repair Shop in Brick and Mortar.
Spare Parts Sourcing is done with distributors and dealers operating in your area.
I can't tell you where these are.
Check websites of companies and search for dealers and distributors in your area. You can call them after getting no from a website.
Try in franchise model of warranty repair model first as you have no idea of technical implications.
After some experience only start your own model of business.
This is must for you.
Otherwise you will not achieve success in a new field.

thats what i think.but i don't about the authenticity of these companies? Do you or anyone else have experience/knowledge with these companies or any other company that provides franchise.Otherwise I am thinking of learning mobile/laptop repairing on my own.not sure which institute to join.

 

[satinder]

thats what i think.but i don't about the authenticity of these companies? Do you or anyone else have experience/knowledge with these companies or any other company that provides franchise.Otherwise I am thinking of learning mobile/laptop repairing on my own.not sure which institute to join.

Do survey in your area about institutes. Some are better equipped. Ask for free classes and lab too. This way you can interact with other students.Ask institutes about there old students. Meet them if possible.

 

[evilwit]

is there any nationally recognized institute?or any other institute you recommend? may be the insitute you recommend has centre in my city too

 

[evilwit]

Do survey in your area about institutes. Some are better equipped. Ask for free classes and lab too. This way you can interact with other students.Ask institutes about there old students. Meet them if possible.

I visited some of the institutes and all are the same.Some institutes provide circuit diagrams of outdated phones in a book while some of the institute asks you to make notes on your own.Fees difference is there.But I found that none of the insitutes wants to educate the students but actually want to trap the students by brainwashing thier mind with the dreams of hefty salary.These guys are calling me like 20times a day to ask when i want to join.i am despaired. I want to ask you one thing that since i find it risky to invest such a heavy amount on these franchise and there are other business ideas in my mind too .But one thing is for sure whatever i ll do will be related to mobiles n computers.It may be only sales.Actually my plan is disturbed due to some personal problems.So is it sane enough to waste money on uncertainty and thses cons.and even if in future i open a repairing centre i can hire someone.Actually i have to hire somebody who is smarter than me in these things so that even difficult repairs can be done.And even if i learn to repair then also I will still be learning and practising things and i can be easily duped by him because he will be more experienced than me.So according to me its not worth spending time and money on this thing.Whats your opinion?

 

[satinder]

Better do other business.
If you are not technical, you should have technology to control a business, means you know how to handle manpower.
If this is not in you better try other business. Nothing is much in hardware business.
Technology changes fast and in 5years you will see new technology.
Even in software, you have to learn only.
Forget the craze of technology to earn.
Think practically.
Better join service industry like tour and travels or other such venture where you can do better. Business can be done there too with new technologies. Do not think in retail shop type business. Don't waste money. Keep it for future. When you get some experience only then invest. Research other business too.

 

[anuragingle]

Dude leave mobiles and pc parts and start selling baba ramdev products, this is the hottest thing nowadays seriously

 

[satinder]

Dude leave mobiles and pc parts and start selling baba ramdev products, this is the hottest thing nowadays seriously

Perfect !

 

[evilwit]

Dude leave mobiles and pc parts and start selling baba ramdev products, this is the hottest thing nowadays seriously

Ya even i am thinking of it.You got some experience?

 

[satinder]

Ya even i am thinking of it.You got some experience?

Ask people in a different Area other than where you live. Or do first a job in a OTC product company.
Patna is a big city with good scope to work with many pharma companies who need marketing executives. Just get experience in Pharma / Ayurvedic line. Do your own business when you get experience. I have seen many such persons who worked like this.


Google will not tell you how to earn bread & butter.
Do some jobs in real world.
Use Google as a simple tool only. Practically world is totally different.
You will realize only after 2-3 years of job.

 

[evilwit]

Ask people in a different Area other than where you live. Or do first a job in a OTC product company.
Patna is a big city with good scope to work with many pharma companies who need marketing executives. Just get experience in Pharma / Ayurvedic line. Do your own business when you get experience. I have seen many such persons who worked like this.


Google will not tell you how to earn bread & butter.
Do some jobs in real world.
Use Google as a simple tool only. Practically world is totally different.
You will realize only after 2-3 years of job.

Dude that was just sarcasm which looked like real.my bad.sorry.but i have understood one thing that either i have to flexible with business options or increase my skill set in order to stick with IT.But the good news is that i have asked several mobile and laptop retailers about the market.And they are positive about it.they said there are still lot of people who prefer personally visiting and have an experience of the product before owning it.And people still find it risky to buy expensive items online.And recently there has been wave of warranty issues. For ex.i bought a macbook last year and on snapdeal it was for 58k and on flipkart n infibeam which are apple certified online resellers were selling it for 65-66k n in my city an authorized apple dealer was selling it for 67k.i bought it from him.Because i heard many warranty issues like warranty not honoured if bought from unauthorized reseller.there are advantages of online shopping. but instant ownership and peace of mind are still the factors people consider.and online retailers who sells under price sometimes dupes the customer either by selling the product whose warranty will not be honored or it turns out be fake.i am not saying it happens everytime but there are many cases.All these things were told to me by some retailers.they may be misguiding me but i somehow feel there is some truth in it.rest you can only know what will happen when you go through the way or somebody has gone through tells you.

 

[satinder]

You have to decide yourself , what you want ?
How much skill you can get ? How much time you will devote to it.
We can suggest only.
Better try to be in service, AMC, spares etc. . Retailer's game is risky.
I have seen this specially in computer and mobile line.
Choose wisely.

 

[evilwit]

Better try to be in service, AMC, spares etc. .

Can you please elaborate on spares part?What exactly do you mean by it?Spares as in peripherals like headphone,power banks,data cables,mouse,keyboards etc or do you mean digitizers,screen, ram,motheroard etc.And what do with them?Sell them?If it is so then its great.Because i want to be in sales.Will wholesaling them be a good idea?

 

[satinder]

Can you please elaborate on spares part?What exactly do you mean by it?Spares as in peripherals like headphone,power banks,data cables,mouse,keyboards etc or do you mean digitizers,screen, ram,motheroard etc.And what do with them?Sell them?If it is so then its great.Because i want to be in sales.Will wholesaling them be a good idea?

If you can,
go for Mobile Spares &/or Mobile Accessories
as it has much potential than computer parts.
Better move towards Mobile Accessories as it is still a good market.
Something or the other new trends emerges as in fashion.
Playing time is very short.
Thus suggest for only wholesale in Mobile Accessories.

Computer means laptop now and
a Laptop is made by a company only.
not much to play here.
Earlier it was a Desktop Market.
It was good till then only.

Do Retail or Wholesale,
It all depends on you how to market it and take your money back to home.

Only criteria is you have to learn only one thing with sales is:
Take back your money home with some profit !

This is not as easy as it seems.
Increase your all types of skills with good communication skills & Entrepreneur skills.
Best of luck !