Mobile Store businesses are growing rapidly in India. The growth rate of this industry is quite high. Everyone uses a smartphone nowadays.
There is no doubt mobile phone store is one of the best business ideas in India.
Starting a mobile shop is not much expensive and difficult in India these days.
Business Scope in Mobile Shop Business In India
In 2016, more than 1 billion mobile phones were used in India, which is the second-largest mobile phone usage in the World after China. That’s why mobile shop Business idea can be good for you.
Already have a Mobile shop? List here for Free
How to Start Mobile Store business in India
Here are a few steps to follow to run a successful Mobile store.
#1 Get a Licence and GST form your Mobile shop
Get a Limited Liability Partnership (LLP) In case if you plan to establish a larger business in the future and sell on marketplaces like Amazon, Flipkart, etc.
Get your GST registration, You can easily do it here – https://reg.gst.gov.in/registration/
Get IE code also – https://dgft.gov.in/ If you plan to import mobile accessories from other countries like China.
#2 Research which product sells mostly
Make a list of items that commonly sell in your city. don’t consider mobile phones only but also consider mobile accessories, recharge, and other related products.
Markdown those items you can manage to buy & sell.
Find out what price range your customers can afford.
Have all the items your customers need.
#3 Understand the market
Learn about the mobile phones market and your competitors that are already on this business
Decide your budget and plan accordingly
#4 Find a location and to set up your mobile phone shop
Find the area where the competition less for your Mobile Shop & demand is reasonable.
Setting up a store on about 150 square feet
#5 Provide more payment options to your customers
Some customers prefers cash payment and some use credit cards, debit cards, UPI, and other payment options. So, provide them a variety of ways to pay you.
#6 Invest in Fast-moving products
You must invest in fast-moving brand products and the varieties of mobile phone accessories to be on the safer side.
#7 Choose your selling price wisely
Offer a discount on Mobile Accessories, Never overcharge customers on commonly used products.
#8 Manage Inventory
Have a look at your stock level weekly or monthly to understand which items are selling fast. Never disappoint your customer due to “Out of Stock” issues and let them go back.
#9 Advertise your mobile shop
Advertise your mobile shop locally and as well as on the internet.
For local advertise consider billboard ads
For internet ads, you can consider, Social media, Email Marketing, and Business directories
Submit your Mobile Shop Business for FREE on Mobile Shop Directory and Spread out your business.