Starting A Cell Phone Business In Your State
Starting a cell phone business is a great way to move towards financial freedom. When researching ways to start a cell phone store, you might find the are many price points to choose from. Learning how much does it cost to open a cell phone store is the first thing you might want to do, before investing any capital.
Once you have educated yourself on “starting a cell phone business”, the next step is to decide which products and services you are going to sell. There are many prepaid carriers out there that pay some serious commission if you achieve a set amount of activation’s for them.
Is There Money In Starting A Cell Phone Business?
Starting a cell phone business will require much more than getting a wholesale account. Many people believe they can simply rent a location, find a place to get phones, and they are ready to go. Unfortunately it is not always that simple. It takes a great deal of resources and time to open a cell phone store the correct way. By not understanding how important relationships go into a cell phone business, you are doom to fail.
How To Make Money With A Cell Phone Store?
Most cell phone dealers earn money in a more than one way. By offering other services from your cellular location you can also expect an increase in foot-traffic. Sync Mobile Solution stores offer Cellular Phones, Accessories, Tablets, Bill Payments, Dish Network, Life-lock, Prepaid Debt Cards, OmniBox, Flashing & Unlocking, and much more.
What Does Starting A Cell Phone Company Cost?
To start a cell phone store you don’t need tons of capital to get going. When starting a cell phone store the average investment for new cell phone dealers maybe 15-40k depending on the following.
- Cell Phone Store Layout
- Inventory Needs
- Location Size
- Store Signage
The best way to open a cell phone store is to work with a development company like Sync Mobile to ensure you are doing everything correctly. There are plenty of websites out the claiming to have the infrastructure to help you start a cell phone company, but not many that can perform as described. When starting a cell phone business you will want to go with a company you can trust.
6 Steps To Starting A Cell Phone Store
- Get Connected With Sync Mobile
- Find A Location
- Register With The State
- Register With The IRS
- Complete The Sync Mobile Training Course
- Start Earning Money
What Is The Best Type Of Cell Phone Location?
The best cellular locations are in busy strip malls. Strip malls provide heavy organic foot-traffic for cellular dealers. It is common for cell phone stores to be in strip-malls that have businesses that require customers to visit often.
Register With The State To Open A Cell Phone Store?
Once you have decided on a company name the next step is to register you business with the state. You will need to file for a new corporation in order to complete this step. Most new cell phone dealer choose an LLC, S Corp, or C Corp, depending on how you want structure your taxes for starting a cell phone business.
Once your business is registered you will then need to register for your Reseller Permit or Sales Tax and Use Certificate. This will allow you to purchase you inventory from wholesalers without getting taxed.
What To Get From The IRS?
When you start a cell phone business you are going to need to contact the IRS to get a federal Tax I.D. Number. You can get a EIN by going to http://irs.gov to sign up. The process only takes a few minutes to get your business EIN number if you are starting a cell phone business.
How To Get Approved To Be An Authorized Cell Phone Dealer
Now that you have all of your legal documents in order you can start the account setup process for becoming an authorized cell phone dealer. Take a few photo’s of your location and send them to Sync Mobile Solutions if you are looking to get approved to become a cell phone reseller.
After your location has been approved the Sync Mobile master agent will guide you through the remaining steps left for starting a cell phone business.
Where To Get Cell Phone Dealer Training
If you decide to choose Sync Mobile as your master agent. You will gain access to an exclusive dealer development platform to help you learn everything there is to know about the cellular phone industry. The training will be done by video so you always have access to the portal for updated and additional training.
After you have complete the video course you can now contact Sync Mobile to get your authorized cellular dealer certificate to hang inside your place of business. After starting your cell phone business with Sync Mobile you will have a complete understanding of how to run a cell phone store.
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