|
03-03-2011, 08:24 PM
|
|
|
|
12,671 posts, read 21,926,230 times
Reputation: 2644
|
|
|
I am interested in starting a PC repair business.
This will be done locally in my area and also from home as remote assistance.
Do I need a EIN or should I use my social?
How can I get a company name?
|
|
03-03-2011, 08:47 PM
|
|
|
|
28,461 posts, read 76,051,458 times
Reputation: 18533
|
|
|
Last edited by vter; 03-04-2011 at 06:47 AM..
|
|
03-03-2011, 09:15 PM
|
|
|
|
12,671 posts, read 21,926,230 times
Reputation: 2644
|
|
Quote:
Originally Posted by chet everett
|
What if I just use my social?
Last edited by vter; 03-04-2011 at 06:47 AM..
Reason: orphan
|
|
03-03-2011, 09:16 PM
|
|
|
|
12,671 posts, read 21,926,230 times
Reputation: 2644
|
|
|
They also have LLC.
|
|
03-04-2011, 10:09 AM
|
|
|
|
1,475 posts, read 2,352,177 times
Reputation: 659
|
|
Quote:
Originally Posted by Texas User
I am interested in starting a PC repair business.
|
You should find customers first. Don't waste time and money until you know you find some customers. If you can't find some customers then you won't *turely* have a business.
Also, ask yourself who your market is. If a computer costs $500 or less, how much can you charge to fix it? If you charge more than $100 to fix a computer that has used up it's 2 year warranty why would someone not just go buy a new computer? |
|
03-04-2011, 10:14 AM
|
|
|
|
Location: San Antonio, TX, USA
5,142 posts, read 11,973,406 times
Reputation: 2507
|
|
|
My husband has a PC repair business on the side. We are LLC but its just side income, not truly full time income. He works out of his office in our home for this on evenings and weekends away from his full time job. It's good spending money and we've been doing this for about 3 years. We charge at least $40 but have never charged over $100 since most fixes are pretty standard.
|
|
03-04-2011, 10:39 AM
|
|
|
|
1,475 posts, read 2,352,177 times
Reputation: 659
|
|
Quote:
Originally Posted by skeet09
My husband has a PC repair business on the side. We charge at least $40 but have never charged over $100 since most fixes are pretty standard.
|
So to help the OP. If a fix makes $40 in revenue. The OP would need to do 5000 fixes per year to make $200K. Take 5000 fixes divide by 365 days per year and that 13.7 fixes per day.
With a return rate on advertising being ~2% you'll need to touch ~250,000 potential customers to get 5000 paying gigs.
That looks quite grim. I ran a computer repair business for about 5 years when computers cost $2000+ each and I rarely put more than $50,000 per year in my pocket after taxes. People would pay $500 for a fix before even considering buying a new computer back then.
There are ways to make additional revenue that you would be exposed to while running a repair biz. But, keep this in mind. If you own the biz and you do the labor, all you're really doing is buying yourself a job. |
|
03-04-2011, 11:31 AM
|
|
|
|
Location: San Antonio, TX, USA
5,142 posts, read 11,973,406 times
Reputation: 2507
|
|
Quote:
Originally Posted by Rich_CD
So to help the OP. If a fix makes $40 in revenue. The OP would need to do 5000 fixes per year to make $200K. Take 5000 fixes divide by 365 days per year and that 13.7 fixes per day.
|
It's not something (PC Repair Biz) I would pursue full time but to make extra income, sure! |
|
03-04-2011, 01:42 PM
|
|
|
|
12,671 posts, read 21,926,230 times
Reputation: 2644
|
|
Quote:
Originally Posted by Rich_CD
You should find customers first. Don't waste time and money until you know you find some customers. If you can't find some customers then you won't *turely* have a business.
Also, ask yourself who your market is. If a computer costs $500 or less, how much can you charge to fix it? If you charge more than $100 to fix a computer that has used up it's 2 year warranty why would someone not just go buy a new computer?
|
After finding customers, then do what? There are lot of dumb folks out there who are willing to pay to fix it and pay high price out there. Lot of folks value thier time more then money. Target would be the elderly, lower income and/or class folks. |
|
03-04-2011, 01:43 PM
|
|
|
|
12,671 posts, read 21,926,230 times
Reputation: 2644
|
|
Quote:
Originally Posted by skeet09
My husband has a PC repair business on the side. We are LLC but its just side income, not truly full time income. He works out of his office in our home for this on evenings and weekends away from his full time job. It's good spending money and we've been doing this for about 3 years. We charge at least $40 but have never charged over $100 since most fixes are pretty standard.
|
Wow, that is great. Who are your target customers? Does he do remote assistance? |
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
