With the increasing number of mobile phone franchises, independent stores, and kiosks selling accessories, the market has become highly competitive. These shops are now found in nearly every retail outlet and public place. There are many online shops that sell mobile phones and accessories.
If you want to start a business selling accessories for cell phones and make a profit, you will need to locate a place with less competition or establish an online presence to rival other businesses. Here are some steps you can follow to help you get started in your business planning.
Stage 1:
Locate a suitable place to open your business. You can also rent space, or even a kiosk depending on your budget. It is important to choose a location with high traffic, as this will help you attract more customers to your shop. Avoid areas with too many cell phones shops. This can increase competition. To assist you in this matter, contact a commercial realty agent.
Stage 2:
Now it is time to set up your store or stall. You will need racks, hooks, and shelves to display the inventory. For monetary transactions, you will also need cash registers and credit-card terminals.
Next, open a merchant account at the bank that issues credit cards so you can accept card payments from customers. You will need promotional materials such as sales signs featuring images of mobile phones and accessories. You can attract customers’ attention to your shop by using different point-of-purchase items such as standees or brochures, glow-shine boards, banners, brochures, and banners. Next, you will need to place your mobile phone shop’s name on the market directories or in different online and offline business directories.
Stage 3:
If you are planning to open an online shop, you will need to concentrate on building your website. Or you can go with a simpler alternative and open a store through an e-commerce site. You will need product images, descriptions and pricing information.
Arrange to store inventory, prepare invoices, and maintain bookkeeping. Computers are also required to keep track of inventory, invoices, shipping supplies, and scale. Online payments require an account with a credit card provider company.
Stage 4:
The next step in your start-up is to buy mobile phone accessories from wholesalers. Stock up on accessories such as SIM cards, Bluetooth accessories and headphones, cell phone covers, Bluetooth keyboards, wall adaptors, batteries, wall chargers and car chargers.
Stage 5:
Once your mobile shop has been established, collect the contact information of all customers who purchased from your physical or virtual outlet. This will help you to create a consumer contact database. This list can be used later to inform customers about new accessories or ongoing discounts. There are many social media platforms available, making it easy to market your business and attract more customers.
