Industry Analysis & Industry Trends
This industry is one of few that can benefit from weak economic conditions. Therefore, the sluggish economic recovery and persistent high unemployment has presented opportunities for providers of electronic and computer repair services. However, because many electronic gadgets quickly become obsolete due to rapid technological advances, consumers will be tempted to simply replace these items rather than repair them. Nevertheless, high-end electronic items like flat-screen TVs will continue to generate demand for the industry, as these items generally cost less to repair than to replace... purchase to read more
Industry Report - Starting a New Business Chapter
Operators within this industry need to develop an established reputation for providing services across a wide range of platforms in order to capture consumers' confidence. A good reputation also helps attract large outsourcing deals. In addition, it is necessary to negotiate favorable agreements with vendors or dealers of parts and equipment, which often necessitates a critical mass of ongoing orders that requires a steady stream of business to support.
New entrants need to have a strong knowledge of niche markets, technical expertise and financial resources to build a viable sales base. Furthermore, medium levels of startup costs are required for attracting employees with strong technical and marketing skills... purchase to read more