One way that many people are starting an income with little or basic knowledge, is by going into a small electrical appliance repair business. You may think that you need an electricians certificate for this type of work. The truth is there are several items you can work on with basic experience and knowledge of the appliance repair. If you are considering going into electrical appliance repair, there are three things you should consider.
Narrow Down Your Niche
One of the first things you should consider about starting an electrical appliance repair business is what appliances you know the most about. Make a list of these items and narrow them down to appliances you have repaired in the past. Take this list and focus your repair business on those items. For example, if you have experience with washers and dryers, you may want to stick with those items. This will give you a solid niche to work in and will help you build your business based on what you know instead of the items you need to learn about.
Branch Out the Income
Though you want the main source of income for your business to be the repair work, you should consider branching out the income sources of your business. This branching out will help during slower times of the year when repair work may not be as available. One way to branch out the income is to offer to pay a small amount for broken items such as washers and dryers. You can haul these items off and repair them to resell for a higher cost later. Keep in mind, some people will have already bought new items and just need the broken items taken away. Since you do repairs, this can be a valid and reliable source of additional income.
Scrap Sales
Sometimes you may have a repair that can't be handled or an item that is far past repair. In these cases, you can offer to haul off the item for a small fee or for free. Once you have the item in your possession, you can take it to a local scrap yard and sell the item for scrap metal. This won't yield as high of an income option as flipping and reselling items or the repairs themselves, but it will give you some small income to set aside in savings.
These are just three things to consider about starting your own electrical appliance repair business. If you are ready to get started, consider starting with flipping some broken items and reselling them first then moving on to repairs as the main source of the business income.
Share26 July 2018
If you are working on a big project for your home, your business or an investment property, you may need to do some electrical work or hire an electrician during that process. If so, I want to help you with my blog full of tips and ideas. Hi, my name is Katie, and I was briefly an electrician before I left to start a design company. However, I still harbour an interest in electrical work, and because of that, I was inspired to create this blog. If you have questions about electricity, please explore my blog posts. If they help you, share them with your friends. Thank you!
