My son repairs iPhones, iPods, and iPads. The average repair nets about $40 in profit. You'll charge between $50 and $90 for the repair, and the parts are as low as $10. 25 repairs a week at a $40 profit is $1,000. Sweet? We think so! So how do you do it?
A bicycle trailer would be cool. You could carry all your parts and tools, and cold water.The hand tools for this are less than $10. A portable inverter (makes house current from a battery) and heat gun (small hair dryer) cost about $120, and would easily fit in a bike trailer with everything else.The parts are light and small, you can carry enough to do 50 to 100 repairs in a box. There are four iPhones: 2G, 3G, 3GS, and now Generation 4. We don't repair 2G because it's too old now.
Marketing is KING in all things. You'll need good signs or banners on the bike trailer. You have to live in a big city to have the density to do this from your bicycle. Now, make up a route. On Monday, you'll be at such and such Park by the Statue from 3:30 to 5:30. On Tuesday, you'll by the Starbucks - get it? Next advertise that on Craigslist.org. Show up reliably at your locations, and they'll come to you. They want that dog phone fixed NOW! They don't want to ship it off to anywhere. They're tired of the cracked screen. They just want it FIXED! Cash flows into your pocket!
If you take a broken phone to the proper recycle facility, the energy required and pollution made don't compare with how environmentally friendly "repair" is! You should get a million dollars in stimulus money to do this! The key is to learn more repairs on more devices as you go along. This will bullet proof your business. AND it's a "SUPER GREEN" business - putting an old iPhone in the landfill versus repairing it?
You can do this! Go to a swap meet and buy a used bike trailer. Go to your local sign guy and get the signs made! Do you want to live your life in poverty? Poverty sucks! Your actions make your life happen. DO NOT look for people to blame for what's wrong with your life. Take charge, be the big cheese - the CEO of "You Inc", work hard and don't let it stink!
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