How To Start A Mobile Phone Business?

Introduction

In the today?s age especially in countries like India where there is growth of the telecom industry on a fast scale, there is a great opportunity of mobile phone business. In India, the telecom services are such that they are the cheapest in the world. India caters for nearly a billion people connected through mobile phone business. Every house hold has at least one or more mobile phone according to a survey conducted. It is a market that attracts all the major global telecom countries of the world. The mobile phone companies in the developed countries like UK, US, Australia, Singapore etc. are attracted towards the market that is offered by the customer base of India regarding the scope of telecom service providers. In such a country, there has been a constant rise in the subscription of mobile phone services and the growth is also very steep. In the article to follow, we are going to explore the prospects of mobile phone business and the steps to start a mobile phone business.

Cell phone business

It is first needed to find out as to how big be the market for cellular service. Only then there can be a scope of demand for mobile phone. There needs to be a feasibility study as to how can a mobile phone business operates in the given geographical area. There is a boom of telecom all over the world. The existing services in the telecom industries are constantly expanding their business. There is coverage of a wide range of spectrum which is already auctioned. Yet there is demand for more. These days, cell phone prices have reduced drastically and cell phone is no longer a product that offers luxury. In fact, cell phones have become part and parcel of daily life and have become basic necessity on a daily basis. These days keeping a mobile phone is not a matter of status. There is a huge investment that is involved from the large scale companies belonging to all the industries in the entire world. To name a few, there is RIM, Google, Microsoft, Apple etc. It is necessary to study as to be there any scope of establishing a mobile phone business when there is so much competition in the market? Big companies invest big amounts of capital. As a small player just beginning mobile phone business, the marketing is merely to a small scale as niche markets.

Smart phones

Mobile phones have set a benchmark in technology. This benchmark is surpassed by the invention of smart phones. Smart phones are just like our computers and capable of doing almost everything that a computer is capable of doing.

Study the business aspects

You need to study from an existing business about its experience about mobile phone industry. You will need to register your company name and file for a tax ID.

Obtain products

You need to obtain mobile phones as products from various dealers. Establish contacts in the market for the dealing of mobile phones. Contact the different distributors. You have to gather different models and ranges of mobile phones. Gather as many mobile phones in the market as it is possible for you. You have to also keep different accessories like the chargers, headsets, batteries, cell phone protectors, screen protectors, cases, etc. Contact the authorized dealers from the various companies for the same. Check for any contract details while dealing with the different mobile phone models.

Location

The location where you establish your mobile phone business is perhaps the most important one for your business. Every successful business has a great location. You want the potential customers to know about your business by opening a store in an area that is frequented by people. More people frequent the area of your store means more chances of them visiting your store and providing you with business. Your store should be easily accessible for the customers to visit. If you do not have a capital that will fetch you with a good commercial location, then perhaps, internet services is the best option for you.

Grants

You need to apply for as many grants and the loans that are available in the market. These kind of money that is extra funds than the normal income of your business will let you start off very well. It is the government who loves to provide sponsorships to the entrepreneurs that are trying to make a difference to the country?s economy. You can go to the public library and the internet based websites to research on the various grants provided by the various organizations and the various government bodies for starting up a business.

The World Wide Web

There is always the option of the internet in case everything else fails. You can research on the internet for various options that are feasible for starting up a business in the mobile phones. Then you need to slowly expand your business and make it success.

Thus we have seen the various aspects of starting a mobile phone business in this article

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Telephones
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Disclaimer: The suggestions in the article(wherever applicable) are for informational purposes only. They are not intended as medical or any other type of advice