How to Start a Mobile Phone Accessory Business

Technology has been the most adapted change in the modern world. In fact, it is the reason of change and signifies today’s era. This is why related businesses and industries have been flourishing with no signs of stopping. It can also be a competitive industry to be in.

One of the most prosperous and profitable business relating to technology is cellphone accessory retailing, yet, it is a highly competitive market. From business franchise to gray market to kiosks and independent stores, businesses relating to phone accessories can be seen in every corner of the world, even to developing countries. Added to the competition is the increasing number of fraudulent retailers either hidden in black markets or out in the open – such as those in the fly-by-night markets in Jakarta, Indonesia and Bangkok, Thailand- , not to mention numerous internet stores selling similar products.

However, if you can find a good location, with little or no competition, you can definitely outshine others. The Peterson Group, distributor and wholesaler of mobile phone accessories and laptop peripherals based in Taiwan has the following tips for aspiring retailers in this field:

1. Location

As mentioned above, finding a location is the first step in setting your business whether you are planning to build a small stall or renting a kiosk. Visit local shopping malls and scout suitable locations which show high-traffic of people. Avoid locations already filled with other similar businesses. If you plan to face your competitor head on, you should be prepared for extra efforts and tactics to lure customers in.

2.Layout and Display

Review what layout and design you would need. As the physical attribute of your store is also important for your image, it is vital to pay close attention to every detail: what comes where and how to better present it. Purchase display racks, hooks and shelves to display inventory. Purchase a cash register and credit card terminal. Open a merchant account with credit card provider companies to accept credit card payments from customers. Purchase sales signs with photos of cell phone accessories to display in the front window of your store or on the walls of your kiosk. List your store or kiosk in mall directories and in online and offline business directories.

3.Online Business

It is not enough that you have a physical store and location. A simple site can create more presence in your name as many consumers are currently checking and purchasing online. Include photos and simple description.