Running a cellphone shop - November 30, 2008

I personally like to share to you about the business I have right now. It is all about cellphones and its accessories. Here you will learn on how much money you will make in the cellphone business. Please try to understand everything what you’re being paid yourself into, and what to look forward to in this kind of commerce. Maybe after reading this, you can decide if you should enter or not the cellphone industry.

The cellphone business works in a many ways. You make money by doing the following trade to your customers:

1. Buy their used but still in quality cellphone (tips on appraisal: half of the original price of the cellphones. Then you can still add a little amount)
2. After buying it, offer your customer to buy the latest model of the phone. Show him/her the phones features and its accessories. ( you can encourage your customer to buy by giving him/her the warranty, assurance and supports)
3. After the customer purchased it, offer him/her additional accessories and software add-ons, downloads.
4. You can sell his/her used phone too. (You can add at east 300php to 500php for low-end units, and add 800php to 1,500php for high-end units)
5. The warranty difference between a brand new one and a used phone is you can give a 1 year warranty on a new one and for the used one up to 1 month only.
6. You buy cellphones from authorized dealers only. Sell only saleable cellphones like: nokia,sony ericcson,Samsung,Motorola,iphone.
7. display more accessories for gadgets esp. cellphones Selling accessories, such as housings, cases, chargers, headsets, holders etc., are another way to make money for your cellphone business. This sells like a hotcake and mark-ups high.
8. make sure you have the latest software for additional features of cellphones
9. On brand new cellphones, you can make money by wholesale, on retailing you only earn a little.
10. But above all of these, you must have a good place visible by customers where the market of cellphone really strikes.