January 15, 2017
Try, for a moment, to think of a corporation that compares to Apple. What company has the name recognition, branding, and carefully constructed image that Apple has built over the last decade of total technological dominance?
The Leader of the Pack
The answer, of course, is that Apple has no real competition. Their rise to power has been slow and steady, but the cell phone industry analysis is indisputable. As of mid-2015, CNet reports that about 100 million Americans use iPhones. That’s roughly 1/3 of the population of the United States.
If you walk into your local coffee shop, you’ll immediately note the dominance of the MacBook as the preferred notebook computer for telecommuters across the US. Want a tablet? The iPad is the obvious choice.
The popularity of a product is one of the most important variables in determining whether there is money to be made in servicing and repairing that product. Consider other household goods, appliances, or even vehicles? If a car manufacturer produces a dominant model, and that model is purchased and driven by 1/3 of the US population, how many other services professionals can benefit from that popularity? Mechanics will exclusively service the model. Aftermarket part manufacturers will build and distribute exclusively for the model and re-sellers will benefit from exclusively carrying the model, since such a huge percentage of the population will purchase it.
Using the auto analogy helps to demonstrate the significant opportunity that exists for an iPhone repair franchise. Sure, cars cost more. But the impact of Apple’s popularity is difficult to comprehend without thinking in terms of other, similarly valuable products.
Apple Franchise Markets are Everywhere
One of the secrets to successful franchising is selecting an appropriate market in which to operate a new business. For some franchises, that decision can be tricky. Food preferences can depend on region. Educational and fitness needs are largely dependent on demographics like age and income. But Apple products, with their complete market domination, are present in every metro area and suburb, every college campus and retirement community. Uses vary, certainly. The average MacBook pro user will differ significantly from the average owner of an iPhone manufactured three years ago. Their repair needs, however, are universal.
Refreshed Apple Products as an Income Stream
Making money with an iPhone repair franchise is possible in part because of the multiple income streams that are generated by a familiarity with the products and the capacity to fix them. One of those income streams is the sale of refreshed products, which come in as trades for customers in search of an upgrade. Although we’re accustomed to hearing about how high-tech goods are out of date as soon as they are purchased, there are several reasons that consumers have proven to be quite interested in purchasing used or refurbished Apple electronics.
- Upgrades are largely software based. From one generation to the next, cell phones, tablets, and computers no longer change physically by leaps and bounds so that they quickly become obsolete. Instead, Apple (along with its competitors), rolls out downloadable software updates that keep even older hardware running for many years.
- New products are prohibitively expensive. Thousands of dollars for laptops. Hundreds of dollars for even the cheapest cell phone in the lineup. Apple products are extremely expensive, but that has done nothing but whet the public’s appetite for them. Middle-income consumers have kept the prices of used and refurbished Apple products steadily high for years, with online and iPhone repair franchise profits significantly greater, as a percentage of original retail pricing, than any other comparable goods. A car driven off the lot loses a third of its value immediately. A brand new iPhone does no such thing.
- Many repairs are easy. Broken screens and dead home buttons are often enough to send consumers—accustomed to instant gratification from their expensive devices—running to order a new tablet or phone. But the repairs are often simple and largely cosmetic, which means excellent profit margins on refreshed items. Frustrations with non-working features or broken exteriors often mean upgrades for buyers, but for an iPhone repair franchise they mean quick turnover, minimal investment, and exceptional profits.
Selling refreshed Apple products is worth investigating for any savvy entrepreneur as a personal experiment—list an item online for sale—something in a desk drawer that you’ll never use again—and look how quickly buyers flock to purchase your used electronics. It’s a lesson that warrants reflection.
March 5, 2016
India’s popularity among low cost mobile manufacturers like Xiaomi, OnePlus and others is big enough to make the country their highest priority. The main reason for this surge is, among many other things, the fact that Indians prefer prepaid connections more than post paid. While the lucrative recharge offers make prepaid a better option for cost sensitive con-sumers, what this translates to the low cost mobile manufacturers is a market free from telco-subsidised iPhones and other high-end phones.
Indians have too much love for prepaid and it is only going to grow stronger. This is in con-trast to developed markets where unlocked gsm phones barely have a market. In developed countries like UK and US, telcos heavily subsidise high end mobiles to acquire long term subscribers in a bid to recover the amount through the course of the term. These connections typically come with a two year contract, with a monthly rental that help make the business profitable. Most customers in these countries do not seem to mind as long as they get their brand new high end smartphones. This is a long shot in India where even postpaid consumers pay a premium price for flagship devices.
It does raise the question though – are you better off using a prepaid connection or would a postpaid arrangement serve you better? Like any other question like this one, the answer does, to some extent, depend on who you are and what are your needs. Surely, you can not work with a prepaid connection if you work in Sales. However, there is a large group of mobile users who are happy with mobile internet and barely even make calls.
For anyone looking to have more control over their bills and a more clearer understanding of their usage, Prepaid is still the way to go. Convenience wise, however, postpaid remains the choice to make especially now that most telcos offer auto debit of monthly bills. It sure will be interesting to see if Indian telcos will start offering US style contracts here and how that’ll change preference.
December 31, 2015
This world is running for money. We are struggling to earn money, doing study to get a good job to earn money. People can compromise for money; they do illegal work for this only. Because we all know that money can buy almost everything. But the above mentioned sources are limited or rather the earning money from these sources is limited. So, in this situation we are dreaming or looking for some alternative ways from where we can expect money suddenly. The volume of money in these sudden sources is not small. So, in this article I am trying to focus on those sources where we can earn money suddenly.
Sell your unused product to earn money:
Running short of money & also need to wait a long for the next month’s salary to come. What to do, here is a solution which will make you organized & also help others to get something in a cheap rate. We always have something at our home which is in unused condition means we have used that once but now those are scrap for us like our old mobile phone(workable condition), Old TV, Old music system, old furniture etc. which we can sell to others as per their requirements in a cheaper rate. Now many e-commerce sites can help us. Where we can post the image of that product & quote a price for the same. This can be viewed by multiple buyers. Here I can personally recommend OLX & Quickr.
Do financial help with higher interest rates:
Those who are in money crisis in your locality you can give them small loans with bigger interest rates. Here through interest you will get some extra money which ideally you will not get if you will deposit the same amount to some other financial organization like bank. So, in this situation you have helped that person in his crisis & also earn extra but this is a small risk because here you won’t keep any doc. In terms of prove that you have given money to this person. So, here only trust factor can work & that’s why I have mention this deal should between those people whom you know very well.
Make Gardening is your hobby to earn extra money:
We all do have some hobbies so fix something productive inform of your hobbies like Gardening. I personal feel that I am addicted in gardening & also got the same inspiration from my office garden. So, Now inform of gardening I have planted some herbal plants like tulsi, alovera etc. & many more. These plants are very valuable for the cosmetics companies. They can contact you & can pay you good amount in return of these herbal plants. Also we can sell flowers to earn money. So, here we can cherish our hobbies & also can earn good money.
Selling painting can help you earn money:
Suppose if you are good in drawing then you can paint some canvas or can prepare small wishing cards to sell. You can sit anywhere at running fair & I am sure people can give value to your creativity & also can purchase your work. The amount which you can earn here might be not huge but this is the token of appreciation of your creative part.
Other unusual ways:
Here you need to depend somehow on your luck. You can buy lottery, if you are lucky enough you can become rich in one night. There are many govt. Sponsored lottery agencies where you can purchase the luck. Or you can go to casino with your friends. Casino is a place where you can hang out & also if luck favors then after playing this game you can earn a lot of money like Mansion Casino.
Whatever the way you applied money is money but in terms of going to the uncertain way to earn money it is always better to make yourself involved in something productive from where you can earn money after every interval. That might be in terms of Job, business or some other creative work.
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