Small Business Idea Start a home appliance repair business

Small Business Idea: Start This Business With Just 20,000

Starting a business takes a lot of effort.

It is a complete process with multiple steps and all the steps are equally important. Even if one step is not followed correctly, the business might not succeed.

The first step for any person to start a business is to look for a profitable business idea. If the business idea is good enough, the next process can be worked upon.

Today in this article, we have brought up one such small business idea where you do not need to invest a lot of money. You just need a few basic equipment and trained professionals to start with.

We are talking about home appliance repair and service business. It is one of the most profitable business ideas at present as every household requires these services regularly.

So, let us start with the basics and then we will understand the complete process for starting a home appliance repair business:

What is a Home Appliances Repair Business?

A home appliance repair business is a service-oriented company that specializes in installing and maintaining household appliances.

As an appliance repair business, you will offer repair services for a wide range of appliances found in homes, such as refrigerators, washing machines, dishwashers, ovens, air conditioners, and more.

You can either offer in-home repair service where your technician will visit the customer’s house or can open a small repair shop.

Now that you understand the business model, let us take a look at how to start this business from scratch with just a business idea.

πŸ’‘Also Read: How to Start a Cloud Kitchen Business

Business Idea: How to Start a Home Appliances Repair Business?

How to start a appliance repair business
Business idea with low investment

Starting a business involves various steps and below are the major ones to get you started:

1. Study Your Market

Start by understanding your local market needs and requirements.

You will need to find out more about the services that are in demand, your competitors, their pricing strategy, and how they are acquiring customers.

2. Business Plan

Once you have collected enough data, you can prepare a business plan to document your strategies.

Your business plan should include

  • the type of services you will offer,
  • your target market,
  • your pricing strategy,
  • and other strategies including finance management, marketing, etc.

3. Business Registration

To offer your services, you will need to get your business registered.

Also, you will have to understand various legal compliances and regulations in your area before starting to offer the services.

Consult with a lawyer or a business consultation firm to get more details.

4. Equipment And Tools

You should invest in quality tools and equipment needed for the repairs you’ll offer.

Depending on your specialization, this could include power tools, diagnostic equipment, safety gear, etc. Below are some of the major services you can offer:

Appliance Service Equipment
AC Repair Refrigerant gauges, vacuum pump, leak detector, HVAC manifold gauge set
Refrigerator Repair Refrigerator thermometer, condenser coil brush, refrigerant leak detector, compressor tester
Washing Machine Repair Spanner wrench, washing machine motor, lid switch assembly, agitator repair kit
Dishwasher Repair Dishwasher pump, motor assembly, door gasket, heating element
Oven/Range Repair Oven igniter, bake element, temperature sensor, gas valve solenoid
Geyser (Water Heater) Repair Heating element, thermostat, anode rod, multimeter
Water Purifier Repair Filter cartridges, membrane, UV lamp, TDS meter

5. Hiring And Training

If you want to provide the services on your own then you should acquire the necessary skills and training. You should also consider taking courses and getting certified in your chosen field.

And, if you are hiring a few people for the services then you should provide them with adequate training.

6. Insurance

You can collaborate with insurance providers to obtain liability insurance to protect yourself and your clients in case of accidents or damage during repairs.

This can also enhance your credibility.

7. Setting The Right Prices

As per the research you did, set competitive prices for your services. You should consider factors like labor, materials, travel time, and overhead costs.

Also, you can offer AMC(Annual Maintenance Contracts) to provide discounts for people subscribing to an annual service package.

8. Launching The Business And Marketing It

Once everything is ready, you should plan for a grand launch of your business. Invite all your friends and known ones to the event and share more about your services.

You can also offer introductory offers for your services to attract the initial customers. Once the services start, various other marketing strategies can be used to bring regular service orders.

So, here comes an end to our guide on starting a small business for offering various services to your customers.

Once your business idea is operational you will need to take care of other things as well including customer service, record keeping, account management, and more. If you want more business ideas, you can follow our WhatsApp channel.

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KeeVurds Desk

KeeVurds editorial team is a group of writers, journalists, and editors who are interested and passionate about global startup and business economy. At KeeVurds, we follow strict guidelines to publish and share unbiased and well-researched content that helps startup founders and rising entrepreneurs.

1 Comment

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    6 months ago / December 12, 2023 @ 6:05 am

    very useful idea

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