Are you thinking about opening a computer hardware store? If you enjoy working with IT equipment, you could make a good profit margin if you can find a market in your local area. While this article doesn’t seek to discourage you from beginning a business of this kind, it does provide a short list of possible questions you should consider before investing in premises.
Can you make enough profit? Can you truly compete with the PC Worlds and Best Buys and still make a healthy profit? Often, customers are happy to pay a small price premium for professional, personalized service, but you must appreciate that these big names will be your direct competitors. Give this plenty of thought.
Can you turn stock over quickly? Computer equipment goes out of date extremely fast. You need to have stock on hand so customers don’t go elsewhere, but you also need to make sure you are not stuck with outdated kit (equipment) that nobody wishes to buy. Are you prepared for this delicate balance?
Is there a market in your area? Is there another computer hardware store nearby? Have stores opened in the past and been unsuccessful? There are gaps in the market in certain areas, but you must be sure of your demographic if you are to make a profit.
Do you see a computer hardware store as a good potential business? Share your thoughts in the Comments box below.
And to follow-through on the tips introduced in this short article, be sure to download your free copy of the special report on How to Start a Computer Consulting Business: 6 Proven Ways to Build Your Initial Client Base.
Creative Commons Image Source: flickr DennisSylvesterHurd
Topics:- Computer Consulting Business