How to earn by start an electronic shop businessHemlata Khandelwal / 2021-08-23 10:43:03
What is the electronic shop business?
The shop in which electrical appliances like coolers, ACs, fans, fridges, torches, cables, bulbs, wires, etc. are sold is called an electronic shop. Some people also sell these products by opening showrooms of different companies.
What about the demand for electronic products?
Electronic product demand:
If we talk about the present, the demand for every item of electronics is very high. The main reason for this is that the demand for every item increases in the coming season from time to time, like a fan, cooler, fridge, etc. in summer, and then there is a lot of demand for the heater in winter. Apart from this, there are some items whose demand is there all the time whether it is summer or winter.
And secondly, the electronic product is the second most imported commodity after oil, so the market potential of this business is very good, which is always in demand.
How to get started?
Before opening an electronic shop, there should be thorough planning of electronic business, such as in which area you want to open the shop, how much you want to cost, what products you want to sell inside your shop, sales have to be done in wholesale. Or in retail, make a business plan of where to order goods, etc.
Start this business only after making a business plan. Get information about the profit on each product from other shopkeepers or wholesalers, by doing this you will be aware of everything and will also enjoy doing business.
What is the right place to shop?
The place is very important for starting an Electronic Shop Business. In today's time or in the coming time, people buy most of the electronics products from the market itself, so your shop or showroom should be such a place where people come to go. It means opening an electronic shop in a crowded place is very beneficial. Where there are other types of shops, people also get other essential items.
Second, you also have to note that if you are opening a shop in the market, then the shop should be a little bigger because most of the customers buy electronic products from the big shop itself. If you are opening an electronic shop then at least 500 square feet and if you want to open a showroom then at least 1000 square feet space will be required. The furnishing and look of the shop should be attractive only then the customer will be attracted.
What type of license and registration are required for an electronic shop?
Friends, although you will find many such shops in your local area which are running shops without any license this method is illegal. If you want to run your shop or showroom smoothly then you may need the following license.
Electronic shop cost:
On starting this business, you will have to add all the expenses, only then it will be considered as a successful business plan such as shop rent, electricity bill, staff, furniture, computer and printer, advertising, etc. 10 lakh rupees i.e. an investment of about 10 to 12 lakhs will come in total.
Overall, all these expenses depend on you, at which level you want to, start work.
Profit in the electronics business:
Although every product has a different profit margin if you start this electronic shop business then you can get a profit margin of 20% to 50%. Area wise your profit can fluctuate.
Electronic items name list
You can sell a lot of equipment in an electronic shop. For example, let me tell you some names like-
- Two-pin and five-pin socket
- Lcd, led
- Computer, laptop
- Tube light
- Table fan
- Wiring pipe
- Washing machine
Apart from this, there are many such items that you can keep in your shop. When you contact the dealer, the dealer himself will give this information.