Onsite Computer Repair Service Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Onsite Computer Repair Service Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start an Onsite Computer Repair Service business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Onsite computer repair services are very important for most local and regional businesses given that most people do not want to transport large quantities of electronics in order to have them repaired. Given that most people only have one computer and certainly businesses almost always have a network of computers at their locations – an onsite computer repair service provides a strong value-added benefit for people that need to have their personal or work computers fixed. One of the best aspects of owning and operating an onsite computer repair business is that these services are immune from negative changes in the economy. People and businesses are always going to have electronics that fail and need to be replaced. This is especially true among businesses where computers are ubiquitous and are in constant need of repair.
One of the other aspects of a computer repair service that is important to note is that they are also able to generate revenues not only from repairing computers but also from the sale of products that are used in conjunction with the repair. As such, these businesses are able to generate very strong gross margins from the billable services coupled with moderate gross margins from the sale of products. Many computer repair specialists also have a background in information technology which allows them to render services beyond just repair and fixing an existing system or network. Many computer repair specialists are able to install large-scale information technology networks into their operations. This can be one of the great bases for expanding a computer repair service once the company has us been established and has a significant client base.
Given the strong gross margins, and moderate barriers to entry coupled with the economic stability of these businesses – a bank, credit union, lender, or private investor is almost always willing to put up the necessary capital in order to launch operations. Foremost, a computer repair service business plan is typically going to be required. This business plan should have a three-year profit and loss statement, cash flow analysis, balance sheet, and breakeven analysis. As it relates to the industry research is generally required to go into a business plan, the computer repair service industry generates about $15 billion of revenue per year. The industry employs about 250,000 people and is expected growth rate will be equal to that of the general economy. Although information technology and the demand for technology in general has increased substantially, most computer repair services typically grow at a rate equal to the general economic market. However, many of these businesses are able to further expand by integrating additional services such as the and tablets. This is one of the fastest-growing segments of the market.
When developing the business plan and marketing plan, a demographic analysis should be included as well. This includes taking a look at individual customers as well as potential business customers. For individual clients, the demographic analysis should showcase the annual median household income in the market, population size, population density, and the number of people that you use technology on ongoing basis which is pretty much everyone. For small businesses and medium-size business clients, and the and evaluation of annual revenues, annual profits, and how many pieces of electronic equipment or at each office should be developed as well. This will allow for an easier understanding of what can be expected in terms of revenues. A very well-developed demographic analysis easily allows a individual entrepreneur to appropriately determine what their expected revenues will be on an ongoing basis.
A computer repair service SWOT analysis is frequently developed as well in conjunction with the marketing plan, business plan, and related business launch materials. As a relates to strengths, a computer repair services typically always able to remain profitable in cash flow positive in most economic climates. Although the cost of replacing a computer can be equivalent to the repair – there are certain things that must be done by a computer repair technician. This is especially true if the individual has valuable information such as business documents and photos on hard drives that need to be repaired so that the individual or business does not lose this information. The barriers to entry are considered to be moderately low, and the startup costs typically range anywhere from $25,000 to $100,000 for a moderate scale computer repair service.
For weaknesses, these businesses are in constant competition with each other. This is a very competitive industry and that within any local or regional market there typically individual freelancers as well as professional corporate run services that are able to provide computer repair to the general public. As such, it is imperative that the computer repair service develop an outstanding reputation for customer service as well as the quality of their work in order to remain competitive within this market.
For opportunities, most computer repair services are able to expand by hiring additional technicians that will operate on behalf of the business. This includes also hiring technicians that have a special focus on things such as mobile device repair as well as information technology. Once established, most computer repair services are strong candidates for working capital lines of credit that will allow them to expand given the economically secure nature of revenues and their predictability.
For threats, there are no known threats of impact the way that these businesses operate. Computers are always going to fail and people are always going to need to have repair services for them. As such, these businesses are able to thrive and will be able to do so at any given time. The biggest threat faced by these businesses is the ongoing competitive issues.
An onsite computer repair service marketing plan should be developed as well. Foremost, it is imperative that the entrepreneur develop both an application that is appropriate for desktop viewing as well as mobile application viewing. This is this is important to note given that when a computer breaks most people are going to use their cell phone or tablet in order to find a computer repair service. As such, the website must be mobile friendly and this is important to know as well given that most search engines now require that a website is mobile friendly in order to appear prominently within listings. The proprietary website should showcase the services offered, the background of the owner, special products offered, hours of operation, preliminary pricing information, and how long it will take to repair any type of standard computer issue. Many computer repair services also maintain listings in standard print advertisements like yellow books given again that people are going to use more traditional means to find these businesses given that their computers are not working properly.
Many computer repair specialists also maintain relationships with local chambers of commerce as well as technology driven groups so that referrals can be made on an ongoing basis. Additionally, a moderate presence on social media is typically beneficial for these businesses given that referrals can easily be made by friends and family that have used the service in the past. Most social media platforms allow for moderate sized reviews to be written regarding the experience previous clients have had with the company. Over time, the strong reviews and testimonials will help boost the visibility and credibility of the business as a conducts its business operations. There is virtually no cost in maintaining a social media page. As such, this low form cost of advertising can be beneficial in boosting the visibility of the business at the onset of operations.
Computer repair will continue to be one of the mainstay industries within the overall technology market. The growth of technology within the United States has been such that many people cannot simply keep up with how to properly repair a computer, phone, mobile device, or tablet. As such, the demand for these services will continue to remain strong and these businesses can grow aggressively within any given local or regional market. While there are a number of national level competitors that provide these services in home and at an office site – their popularity has declined a bit given that these firms very heavily focused on pushing additional products beyond just general computer repair. As such, these businesses are able to maintain a competitive advantage given that many people like to work with small businesses for these types of services.