The telecommunication industry has been growing rapidly in India. To share some statistics, there are over 742.12 million phone and landline subscribers and over 706.99 million mobile phone connections and these numbers are going upwards only. The growth rate of this industry is quite high and the mobile phone market is quite lucrative if you plan to start your enterprise in this field.
A mobile phone has become an integral part of our lives today. Not only for calling, people use mobile phones for messaging, social media, clicking photographs, Internet surfing, and even for GPS. Because of this, there is a huge potential for anyone thinking of setting up their own mobile shop or business in India.
How to start your mobile shop business in India?
As there are so many mobile shops mushrooming in every nook and corner, someone planning a shop or distributorship should start a mobile shop or business initially on a small scale. You should make sure that you start your enterprise at the apt time so that decent profits could be reaped. But it is equally important to study some data like what is the awareness of customers, what is the level of their spending or purchasing capacity, which technology is being used these days, etc. So here’s a collated list of things that one should keep in mind before starting a mobile shop business in India.
- Timing is important
Proper planning is required on when you should kick start your enterprise or shop so that you could earn well. Firstly, you should be prepared with a minimum amount to invest in the business and rent a shop. You should also analyze where and to whom you could sell the mobile phones, and how you could grow in this business. This business is ever-growing and the demand never reduces; therefore the good thing is that there are high margins too. But having said that, the timing of initiation of your business is important.
- The location of the shop
Though the trend these days is to buy mobile phones from online or e-stores, you should strategically find a good location to rent a shop, where you can get enough local customers. You should also ensure that there are some good courier service-providers nearby so that you could even deliver the mobile phone to customers and also try to collaborate with some e-commerce companies to enhance his mobile phone business. Even a small shop (10 × 15 square feet) is good enough to begin your business or mobile phone shop.
- Select a good distributor
The next step is to look for a good mobile phone distributor from whom you could get reasonable mobile phones. Not only that, ensure that the distributor delivers the mobile phones and other accessories easily and reasonably. Getting a good distributor is a very big factor as you save on the money you spend in buying the mobile phones. The way you display the mobile phones is also important. Other than that, you could advertise about your store in local newspapers and in other mediums like yellow pages, social media platforms etc.
If you have any other questions or need assistance in setting up your own mobile shop business in India, do get in touch with us. We, at IMC, provide you with expert advice and solutions to set up your business or mobile shop in India.
