What is the budget to open a computer shop
Posted in compter n laptops
It depends upon your budget and size. Also it depends the location of your shop. If you want to open a small computer accessories shop in small town then you can open with 5 lakh budget but same shop will cost you around 10 to 12 lakh in metro or big cities like Mumbai or Bangalore.
- Know your area. Opening a computer shop in a location with three other computer repair shops within a few blocks would be a bad move... no matter how new and unique you made it.
- Stuff your bank account with money from savings, or plan to run up your personal credit cards. You aren't going to actually make any money until you get a reputation for doing good work, and you aren't going to get that reputation until after months of doing good work... so your business is going to live on your savings and personal money for months before you make a profit. Be ready for that.
- Don't hire anyone until you are actually making enough money to support the business. With computer repair, you can afford to do all the work yourself.
- Avoid offering service plans. The easy money up front seems lucrative, but after you have a few of these customers coming in to get the service they paid for months before, you'll regret having to spend so much time on "free" service. Yes, it isn't free, but you'll start to think of it as if it was.
- Don't price yourself out of business. Yes, it is nice to get people to come to you because you are cheaper than the competition, but if being cheaper won't pay the bills, you won't be in business long to continue to offer such low prices. You CANNOT beat your competition in volume until after you are established, showing profit, and have employees.
- Keep the public area of your shop small. Have part of your repair area visible to the public, but not all of it. Keep the two areas distinctly separate.
- If you choose to offer computer usage/internet usage for pay, don't depend on it for income. Don't offer free WiFi either.
