It seems that the mobile phone accessory market is booming these days and it is becoming a lucrative business. In 2014, there were over 4 billion cell phone accessories sold globally.
There are a variety of mobile phone accessories available in the market today like chargers, cables, cases etc which can help you to improve your smartphone experience. In this article, I would like to share some useful tips about starting a cellphone accessories
New technology is disrupting the segment of the consumer electronics industry. This technology is called Smartphones and it’s predicted to grow significantly in the next few years. It has gotten cheaper and more powerful, making it available to more people, at a lower price than ever before.
Smartphones are expected to grow in usage significantly over the next few years. It is predicted that 25% of the world’s population would use smartphones within five years and it will grow at a rate of 60% by 2018. The growth rate is projected to slow down after 2020 and then continue at a steady pace.
The rise in demand for smartphones will also bring in a rise in cellphone accessories.
The smartphone is the most popular form of mobile phone. But most people are not aware that there are a lot of other gadgets, like cellphone cases and earphones available on the market. These cellphone accessories can be used to increase the usage of your smartphone.
Due to the rise in cellphone accessories and a lot of demands, for the purpose of this write up we would be looking at the business side of this cellphone accessories, how you can start a business around it. Our focus today will be Australia, we would be looking at how to start a cellphone accessories business in Australia.
Common cellphone accessories:
- Phone chargers
- Power bank
- Memory card
- Flash drive
- Hard disk
- Screen guard
- Bluetooth speaker
- Phone car holder
- Solar charger. e.t.c
The process to starting a cell phone accessories business in Australia
The mobile phone accessory market is booming with hundreds of new brands entering the industry every year. But how can you start a new business when you don’t know where to start? The first thing to consider is capital, how much do you have for startup, you can start on a small scale or large scale depending on the available cash you have at hand and at bank.
You can start cellphone mobile accessories business with as low as $200 and as high as $1000 it all depends on the cash available as at when you want to start the business, but generally cost those not determine how you start, if you start small you scale it to become big as profits starting rolling in.
Choose a good location
The first thing to consider when starting out your cellphone accessories business is the location.
Location is a very important factor for the success of your business. Location is very important because it determines your market, it determines the type of customers you are going to have and it also determines how you can compete with other businesses who are located at the same place.
When we talk about location you need to consider the followings:
It must be an area that commands high traffic
It must be an area that is close to where you source for your accessories
Advertise your business
Advertisement is key to the success of your cellphone business, you need to take this part of the business seriously because advertisement determines if your business will fail or not. You need to scale your advertisement process above your competitor so as to take the larger share of the market profit.
You need to take your business to social media and engage in online marketing of your cellphone accessories, social media will make you reach a large audience of prospective buyers and it is easier to close sales on social media. for this purpose, you can make use of Facebook, Twitter, and Instagram to market your goods.
Consider Registering Your Business Name
You need to consider registering your business with the relevant law governing the registration of business in Australia, by doing so you will be free to do business in part of the country you so wish to establish your business.
Survey the market before starting out your cellphone accessories business
Taking survey is very important when you want to launch out for your cellphone accessories business, as a matter of fact this should be the first thing you need to do before you even start anything. Survey involves a market research of your competitors, in the case of cellphone business you need to know the prices each of the product you intend to sell cost in the market, how much are your competitors selling their own products, what are they doing that you need to do and better off.
When taking survey you need to factor all this before you launch out finally for business.
Launch Your Mobile Phones-Accessories Business
This is the final stage when it comes to starting a cellphone accessories business, after you put all the above points into consideration the next step is to launch your mobile phone accessories business by opening your doors to taking orders.
Here you have it the step-by-step process of starting cellphone business accessories in Australia, help share this write up on your social network this article will be useful to somebody who might need the knowledge to kickstart his /her cellphones, accessories business.