Are you the ‘go-to’ individual for anything computer related? Are you naturally curious and good with technology? Then a computer repair business may be for you.
Computer repair revenue has skyrocketed since the onset of personal computers in the 1990s. By 2007, there was an estimated $47 billion spent in computer repair services, most of it in PC related repairs. With almost all small businesses and homes using a personal computer, starting a computer repair business could be a smart move. Individuals and business owners alike need their computers running and working properly, and most of them do not have the time or inkling to upgrade or perform repairs on their own.
Skills Required: Understanding of personal computer systems, technology, and structure.
Personal computers are constantly evolving. To be successful as a computer repair business, you need to have a good foundation of how computers are built and constantly keep abreast of new technology developments.
Since there is no formal university program for computer repair, you might consider working as an apprentice or employee with another established computer repair business. Read trade publications and books. You could even practice building your own high-tech computer system with state-of-the art parts and software. Computer repair classes are also available at most community colleges or trade colleges.
Startup Expenses: $500 – $1,000
You will probably work out of your own home, which means your major startup expenses for your part-time business are mainly your marketing costs. You need to get the word out about your business. You can buy newspaper ads, send flyers or sales letters to target clientele, or purchase internet search advertising.
You will need a set of specialized tools for your computer repair business. Equipment such as small tools and a worktable will help you get your job done easier.
Monthly Revenue: $500 – $3,000 per month
Your revenue depends on your experience and how much you wish to work. As a part-time computer repair business, you might charge by the hour. Typical hourly rates are $50 to $75.
You may want to specialize in a certain area of computer repair, such as anti-virus protection and recovery, operating system installation, upgrades of hardware, home networking, or even training others how to perform computer repairs. These special offerings could increase your asking fee.
Performing house call repairs can also increase your income by charging a travel fee for your work.
Monthly Expenses: $100 – $1,000
Your regular expenses are minimal. You do need to perform regular marketing of your services, and this cost could run from $100 to several hundred dollars per month. If you want a dedicated cell or home phone line, expect another $50 to $100 per month. Keeping up with trade publications is wise with a subscription costing $7 to $15 per month.
In addition, if you do perform house-call services, you will need to add auto maintenance, parking, and fuel costs to your regular monthly expenses.
While there may be a local computer repair company in your area, you can always find a specialized niche that will help you grow your client base. Whether you perform on-site repairs, specifically help small businesses, or train others on how to perform their own repairs, the industry is certainly still growing.
