Business Overview:

Listen up all you television aficionados, it’s time you consider putting your skills to work for you and learn how to begin your own TV repair business. In order to get started in a business like this, you’ll want to have an interest in learning about and fixing all sorts of televisions, though most of your models will be LCDs. Even people that are highly focused on re-using and recycling know that it often costs more to fix an older cathode ray TV rather than to purchase a new LCD model. A large majority of your business will be LCD TVs. You’ll want to ensure you have the proper tools required for fixing television electronics, but the good news is that you can start your repair shop right out of your home. If you choose to expand your business you can certainly rent or buy space to have your own TV repair shop, but it’s not necessary. To protect your business you should have business insurance and register with the Better Business Bureau. As you get your company ready for business, you will want to do some advertising to find customers. Business cards are always a good idea, as are small listings in local papers. You might even leave posters on local bulletin boards that allow for small business advertising. As word spreads of your ability to save people money by prolonging the life of their televisions, your business will grow too. You might even help potential customers realize that it’s environmentally responsible to repair their current LCD TVs rather than to toss them and buy new ones. If your “green” business really takes off, you might consider hiring an assistant or employees to work for you. Solo or not, this is one business idea that can turn your skill with TVs into a successful business.

A Day in the Life of a TV Repair Business Owner:

This article brought to you by Business Ideas! If you enjoyed this article, make sure to subscribe to the Business Ideas Newsletter to get ideas sent straight to your email inbox.Each day in a business like this will bring new adventures. You will want to start each day with a review of your jobs. You might have several machines lined up for repair in your own home, or, if you will make house calls, you will need to have clear directions to your jobs as well as a window of time you can tell your customers to expect your arrival. Before you tackle any job, you will need to have all your tools in proper working order. You will also want to ensure you have a reliable answering machine or voicemail component on your business phone so that you can get new customers even while you’re working. At the end of each day, you will need to return any potential customer phone calls, tidy your repair area, and review your expenses to guarantee your business is in the black.

About Your Customers:

Your customers will have heard of your business through a satisfied customer or from your advertising, and will be in need of television or television accessory repairs. They will likely be interested in saving money and investing in the TV they already have rather than purchasing a new one.

What You Need to Start:

• A business name
• Business insurance
• Tools for TV repair
• A business phone number
• Advertising and business cards
• Financial-tracking software

The Good:

• If you like televisions and electronics, you can build a lucrative business based on a hobby.
• You can work from home or make house calls, depending on your preference.
• You can to hire employees to work for you, if you choose.
• The business can be billed as environmentally responsible, especially if you take the time to dispose of any e-junk properly.
• You can ultimately save your customers money when they don’t have to buy a new TV.

The Bad:

• Between the constant advances in television technologies and the consumer demand for new equipment, you might have to convince potential customers to fix the TV they have rather than buy a new one.
• With so many technologies available, you will have to be a jack-of-all-trades in order to have an effective business plan.

Resources:

• Better Business Bureau
• The National Electronics Service Dealers Association
• Bureau of Labor Statistics on Electronic Home Entertainment Equipment Installers and Repairers
• Wikipedia on Electronics Refurbishment

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