Having appliances in our homes has become a necessity as a result of our busy life. We need washing machines to remove dirt from our clothes, vacuum cleaners to clean dust from the room surface, water heaters to boil water, kitchen stoves to cook and refrigerators to preserve our foods etc.
These home appliances sometimes, if not always, malfunction due to mechanical shock, stress, excessive current, short circuit etc. That is when we need to pay some amount of money to people who have the skills to make these defective electronics machines rework.
For your information, some reliable surveys have even revealed that there will be around 21% growth in the demand for appliances repair technicians over next ten years.
If you have a mechanical aptitude, starting an appliances repair business might prove a rewarding career investment for you.
Pros of an appliances repair business
Following is the list of advantages that you are likely going to enjoy in an appliance repair business:
- Growing adoption of household gadgets means a steady flow of income in future
- One man job
- No need of a license provided you don’t touch the work of repairing refrigerants.
- No need of opting for any formal educational course.
- No need to waste money on renting an office space as you can conveniently work from your own home.
- You can start it with almost no money
Cons of an appliances repair business
You might also have to face several disadvantages in an appliances repair business such as follows:
- Many people prefer replacing over repairing when they lose hope in the latter choice
- There is a risk of getting injured especially when you need to lift and transport heavy appliance.
- You may sometimes face electric shocks and gas leaks.
Let’s now expose you to the complete, step by step guide so that you are able to start and run a profitable appliances repair business:
- Get properly trained
- Develop a business plan
- Get a business license
- Buy necessary tools
- Find space for work
- Employ best promotional methods
1. Get properly trained
You can’t repair something unless you know about it. Getting properly trained to repair the faulty home appliances is an utmost prerequisite demanded by the trade.
You don’t have to apply for a formal training program, however, what you need in order to become a well-trained professional is to learn while working as a trainee under an experienced appliances repair technician. Depending on your learning ability, you may work with him for a year or more, but, you should not quit for a minimum of six months.
2. Develop a business plan
Yes, you have heard it right. You got to draft a business plan. Why because we don’t want you to face any difficulty in reaching your business goals, neither we want that you should suffer if uncertainties pose a threat to your business in future.
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3. Get business license
Cross check whether or not you need a business license with people who are already running the trade of appliances repair business. If they are not willing to reveal, pay a direct visit to the office of local government authority to verify the same. Follow their instructions properly throughout the process of acquiring your business license.
4. Buy mandatory tools & equipment
Buying tools and equipment is where your major portion of investment goes. However, you’ll have to make sure to buy the best tools for every kind of repair involved. You will require tools for both basic as well as specific repairs. Some of the basic tools recommended by Sears Parts Direct publication are mentioned as:
- nut drivers
- multi meter
- putty knife
- needle nose pliers
- glasses etc
In addition, what you got to do is to keep the stock of quality parts available to be used to replace dead parts in a problematic home appliance.
5. Find a work space
You don’t necessarily need to spend money on renting a storefront. It can be done from a home provided you have a space available for repair task. You can provide on-site repair services as well where you visit the homes and apartments of customers. However, you would require a van for transporting your tools and equipment to the customer’s address.
6. Employ best advertising methods
While it is no easy to tell what advertising method can possibly work, developing relations with local appliances sellers can help you get customers. Furthermore, you might create business cards, flyers etc and distributes near local grocery stores. Thank you!