Take up one of these electronics franchise opportunities and you’ll be able to start offering repair, re-sale and other services under a well-known brand name.
Receive help with your booking system, website, certification, licensing and more. Your franchisor wants you to settle in and succeed.
With electronics franchises, you won’t have to create your own system or find a new path to success. The road will be laid out in front of you – it’s up to you to follow it.
Similar to any other type of franchise, your first step will be to browse through an assortment of brands. You’ll need to look for the one which best suits your background, skill-set and goals for the future. That being said, most franchisors won’t insist on you having extensive experience in the industry you’re joining. They just want you to have a level of familiarity with leadership in a business setting, and a willingness to learn.
Once you’ve narrowed down your list of electronics franchise opportunities, you’ll need to start considering the level of investment you’re comfortable with. More well-known brands will naturally incur a larger initial expense, but this may well be worth the additional cost as it will offer an advantage – customers want to know their expensive devices will be cared for by the most skilled technicians available and a name they recognise will put them at ease.
After you’ve made your decision, you’ll be given access to a full business plan and support system as well as training opportunities.
Technology is everywhere. Today, it’s rare to find a family without an internet connection, personal computer or smartphone. And these devices are constantly being incrementally improved upon from year to year. It’s why the industry remains strong and is growing stronger. An entrepreneur with ambition could turn this to their advantage. But which kind of electronics franchise would put you in the best position to do just that?
Electronics are used repeatedly every single day. This consistent wear and tear can lead to damage or malfunction. When this occurs, the owner of a broken device will want it repaired as quickly as possible. Businesses in the industry are now capitalising on this demand by encouraging their customers to reach out to them online instead of face-to-face in a store. Once a client has arranged for their gadget to be fixed, they can then send it off by courier or through traditional post. This way, an operation can greatly reduce costs as they won’t have to work out of permanent premises as well as attract a larger clientele by offering a completely convenient, hassle-free service.
Other successful businesses in the sector target re-sales. The latest technology is out of many people’s price range and it’s less expensive to buy a second-hand device. The secret to their success is to fully refurbish an individual smartphone, computer or console so they appear entirely new.
It’s clear that if you’re contemplating buying a franchise business for sale in this sector, these are the two types you should focus on.
Banks will listen to an entrepreneur with a vision for their own original business. But that doesn’t mean they’ll give them the funds needed to set it up. It’s just too risky. A large proportion of new enterprises fail within their first two years of operations. An electronics franchise, on the other hand, allows you to present a plan to investors that they can believe in. A franchise represents the continuation of a successful economic legacy. This higher rate of success is more likely to sway them to your side.
Electronics franchises require a specific kind of marketing and it’s reasonable to assume you may not be an expert in this field. But this shouldn’t stop you from taking advantage of these business opportunities! For one, you won’t need to formulate your own plan for advertisement. Your franchisor will make life easy for you by providing high-quality content that’s been proven to be compelling and attractive to potential consumers.
As a member of a larger brand network, you’ll be asked to meet the same quality standards as your fellow franchisees. To ensure you can do this, your franchisor will put you through intensive training, which will ensure you’re able to provide consistent levels of service across the entire brand. The higher the levels of consistency, the stronger the brand’s reputation and the greater the customer service provided.
Cash Generator is a large network of highly successful franchisees. These entrepreneurs have discovered a path to profitability through the purchase and resale of, mainly, high-quality electronics – mobile phones, tablets, laptops, televisions, and so on.
Experimax is almost an industry unto itself. The brand enables its customers to buy high-end technology at reduced rates, as well as sell or repair their own devices too!
CeX has been buying, selling, and trading technology since 1992. Now a celebrated enterprise with outlets in multiple countries worldwide, the brand continues to grow.