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/biz/ - Business & Finance


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2162198 No.2162198 [Reply] [Original]

/biz/ I've been offered to run a phone/computer repair shop at £100pw, the owner says he's getting 4/5 phones in a day for screen repair. he said the turnover is 5.5k per month with a 50% margin, I have no reason to doubt him, he's a millionaire. from what I've heard he can't find a decent wagecuck to employee so he's letting it out. At the moment I'm working at dominos, my last paycheck was £650.. so.

>What should I do?

>> No.2162258

>>2162198
sounds like easy money, whats stopping you from doing it?

>> No.2162285
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2162285

>>2162258
because I thought retail was ded

>> No.2162297

>>2162285
If you can make money doing it, and the market for iphones/androids is only increasing, people will need repair services. I see no downside.

>> No.2162320

>>2162285
uninsured people that can't fix phones go local

>> No.2162401

>>2162320
is there anyway to find out how many people insure there phones over here? apart from asking friends. UK btw

>> No.2162460

phone repair makes decent cash if you can buy various batteries and screens in bulk. $50 to replace a screen or battery and you can do it like 15 mins after doing it a few times? if i had patience for people, i'd be all over that

>> No.2162494

>>2162198
Why are you even considering this? Just get some crypto and go to the fucking moon anon.

>> No.2162510

>>2162494
Some people want stable income.

>> No.2162529
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2162529

>>2162494
I'll be investing in crypto at the same time I hope. could I use spare broken phones to mine crypto for a second income?

>>2162510
this

>> No.2162555

>>2162494
What's he gonna live off? Crypto shouldn't be cashed out in this day and age.

>> No.2162564

>>2162401
>Aviva’s research found that three in four families had home contents insurance, while 35 per cent had home appliance cover and 23 per cent had their phone insured.

https://www.ftadviser.com/protection/2017/03/22/more-people-insure-their-phone-than-get-ci-cover/

>> No.2162717
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2162717

>>2162564
this is gold, thank you brutha

>> No.2162767

>>2162198
There's actually a local repair guy that explains why Apple is a shitty company (as if we already didn't know) without coming across as the type to shill his business:

https://www.youtube.com/results?search_query=ihpone+repair

He's dead wrong about the screen repair biz vid though, just saying normies will dole out $100 bucks for a new screen without shopping around.

>> No.2162768

any nay sayers? seems odd that there's no critisms

>> No.2162864

>>2162768
The only downside I'd say is that specifically for iPhones, Apple has a new policy that allows people to bring in their used iPhone (has to be damaged/broken/cracked) and they get it replaced with a near-new (refurbished) device for $80-175 depending on repair/market value. That's what I did w/ my 3 year old iPhone 6+ which I then sold it on Swappa to buy my iPhone 6s+

Additionally what's stopping consumers from purchasing their own self-repair kit that includes glass/lcd for $25-60 online.

>> No.2162900
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2162900

>>2162864
your 3 year old has a better phone than me ....

>Additionally what's stopping consumers from purchasing their own self-repair kit that includes glass/lcd for $25-60 online.

have you seen how hard it is replacing the new screens on Samsung s6/7? normies can't do that stuff

>> No.2163373
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2163373

Samsung screen placement is £130 from eBay, how much should I charge for my labour ?