Monday 10 April 2017

How To Repair iPhones And iPods For $100 An Hour?

"$100 an hour? Really?" Yep, and it's not what you think. The skills take a steady hand, the parts are small and delicate, but my son who has hands the size of small hams does it. When people hear "iPhone Repair", they think: "I'll have to know electronics trouble shooting" - NOT! OR they think: "It'll take me forever to learn to do that" NOT! It's just an awesome niche with huge demand, and cheap to get started.

Did you know it cost $16,000 and takes 1,500 hours to become a BARBER? Now honestly, don't you think most barbers make like $12 to $20 an hour - right? What if, with a few hours of practice, you could learn the iPhone repair requested 90% of the time? You can. What if you could then get $45 to $99 for that repair? You can. What if you can get your repair time down to 10 minutes or less? You can. How many repairs can you do in an hour? What if you did six? You can. What if you averaged about $40 per repair? You will. What's the math? $40 x 6 = $240 in an hour. You can see $100 an hour is really possible. But let's get real, OK?

What's "realistic?" Just like there are people who can eat 145 hot dogs (or something like that) in an hour, it's not likely you'll consistently make $100 an hour repairing iPhones, iPods, and iPads. Why? Because you have to do some marketing to get the repair requests to come in, schedule them, and then go to them. 5 a day is easily done, and is about $50,000 a year. 10 a day? About $100,000. How is the demand created? People sit on or drop the iPhone all the time. We have had repeat customers - we fix the glass, and 3 months later they need it done again! AND referral business - this thing is amazing! Apple doesn't warrant broken glass, even when you get the extended warranty, and they get $200 to $250 to fix it.

The KEY to the business? Condense the repair requests, or to have a "station" or series of stations where you will be on a regular schedule. Swap Meets and Flea Markets are great. You can lease a brick and mortar location, but that is overhead. You'll require such a small space, you could easily help another business with their rent for a tiny bit of space and a sign in the window. OR you can do great signage on a van, and set a schedule up so you're at such and such a Wal-Mart for 2 hours on each Thursday, from 1 to 3 pm (or whatever). Demand for the broken or shattered glass repair is huge and exploding. It's a very secure business, because soon it will make sense to fix the glass on many other devices like the android phone.

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