About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Communications Store
Startup Costs: $10,000 - $50,000
About
Home Based: Can be operated from home.
Franchises Available? Yes
Online Operation? Yes
In the information age, communication is more important than ever. Get people talking by selling cell phones and other devices.
Business Overview
Stake your claim in the multibillion dollar communications industry by opening a communications store. Stock and sell items such as residential and business telephones, fax machines, pagers, Palm Pilots, cell phones, and accessories. Ideally, you’ll want to secure an authorized agents agreement for the wireless side of the business. Securing this type of agreement should not prove difficult given the vast number of communication companies now providing paging, cell-phone calling, and two-way radio systems. Locate the store in a highly visible area of your community like a store or kiosk in a mall or a storefront on a major street. Additionally, be sure to employ outside salespeople to cold call on businesses in the area to bid on their communication product and service needs. In most cases the salespeople you hire will be more than happy to work on a commission-only basis due to the earnings potential for these types of sales. Thus you’ll be able to maintain minimal overheads, while having the potential to increase revenues via your outside sales contractors.
The Market
Customers will be anyone looking for a cell phone, page, fax machine or other type of communications device
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