Best tips for success in electronic shop, customer convenience, manufacturing process, experience of running shop, more information about starting a shop.
this article, you will get to see the complete details of opening an electronic shop and taking it to great heights. These include the experience of running the store, the process of getting the store constructed, customer convenience, starting the shop, etc. We have brought out many tips for success for you. By reading these, you will feel yourself moving towards your goal. Please try to read this article completely. This will remove many of your shortcomings.
Some basic information about the electronics shop
Before opening an electronic shop, you should get some basic information about it.
There are around 415 electronic manufacturing companies in India. Havells India Limited is the biggest company in India. The best company in India is Orient Electric. Bangalore is considered the electronic state of India. And all electronic companies are based on machines, which are the basic infrastructure of growing science and technology.
The scope of electronic shop is growing rapidly. So by opening this store, you can see yourself on the path of success in the coming time.
Complete knowledge of electronic shop
“Siddeshwari Prasad Chakravarti” is known as the first electronic engineer of India. China, Hong Kong, and America are some famous countries in the field of electronics. India is a very popular country in the electronic industry. And it also has an important contribution in the economy. The future of electronics is developing rapidly. And it is also playing an important role in the social welfare of the country.
You will see that in the coming times, the scope of these things will develop very fast. Where we can see many types of electronic related materials in various forms in the market even today.
Is there a need for electronic store in the market
The need for electronic shops can be seen at the middle level in every market. The middle class people need electronics the most. They buy these items the most during festivals.
Starting an electronic shop would probably not be wrong. Because connectivity can be seen all over the world through machines. Where the present time is an example for us. Where their scope is rapidly developing all over the world. Yes, because in the coming time also the world will be transformed into machines.
The destruction of these electronic devices. Can be seen in the homes of people of every area. Where to repair these electronic devices. One has to visit the electronic shop.
Starting this business. Can be seen in the interest of a professional person.
About the electronic shop items list
The items which are available at electronic shops. Know in detail about the list of all types of electronic items.
mobile shop related phones, television, fridge, cooler, AC, fan, laptop, computer, printer, geyser, camera, washing machine, gas, home heater, speaker etc. Apart from these, many other products can be seen in the market.
How and where to buy the material
Top regions of India where electronics is manufactured. Along with the names of some electronic companies based in the same region.
Some top companies based in Bangalore are Intel, Cisco, Dell, HP etc.
Some top companies based in New Delhi/Noida are Sanyogita, Lenovo etc.
Some top companies based in Hyderabad are Wipro, Micromax etc.
Some top companies based in Chennai are HCL Technology, Tata Consultancy Services etc.
Pune is also a major hub of technology industry. Where Tata Motors, Mahindra & Mahindra etc.
Some top other companies are Huawei, Xiaomi, LG, Sony, Microsoft, Google, Samsung, Apple, IBM Philips, Panasonic, Toshiba, Asus, ASUS, Nokia, Motorola, Oppo, Vivo etc.
Go to your nearest electronic shop. Get the contact number of different companies from there. And keep contacting. And get information about electronic product materials.
Visit the physical website of various electronic companies. Look for the contact number at the top or scroll down. Once you find the contact number, continue to contact.
Know about maximum investment
The maximum total cost of building the store can be from 6 lakhs to 8 lakhs. Keep in mind that this is not a limited cost. It can also be reduced.
If you want to rent a shop, then you may have to pay 20 thousand to 30 thousand rupees including rent and light bill.
The maximum cost of getting furniture can be from 80 thousand to 1 lakh rupees. According to the design.
If you start this business in a big urban area, then you should invest 15 lakhs to 20 lakhs to buy all types of electronics. In rural areas, a small store can be filled by investing 6 lakhs to 10 lakhs. Different materials will have to be purchased from different companies.
To start this business, you may have to invest a maximum of 25 lakhs to 30 lakhs. But no problem, this amount can also be reduced.
Electronic Shop Design and construction Process
Find a good house construction builder. Look for a good civil engineering. Who is an experienced engineer of your area. Get the map of your store, godown etc. made by him. And check the map. What will be the design of your store. That is, how will it look after construction. Decide this. And find out the cost involved.
Understand architecture meaning in Hindi in detail. Even the map can be made from online freelancing sites.
Now order the construction of your store. Get information related to various errors from the engineer. Find construction materials from a hardware shop. For your own profit. Keep the civil engineer on labor rate. In which the total cost of your construction can be from 6 lakhs to 8 lakhs.
Keep in mind that the area of the store should be between ( 1000 * 1200 ) square feet. So that large materials can be kept easily.
Process to get license for your shop
To get an electronic shop license, you should follow the following steps.
You can continue the process of applying online by visiting the official web portal of the CEIG department of your native state. This process of applying can also be completed online.
To start an electronic shop, you have to submit some documents. During which you can get the store license.
About profit and loss in electronic shop
Know about all the important points of profit and loss in electronic shop. Knowing them will prove to be very important for us.
Profit in electronic shop
In this business, one should expect to earn from 8 lakhs to 10 lakhs every month. More than this can also be earned. But it may take some time.
The margin available on electronic shop is between 5% to 20%. ItThe margin you get may be even higher than this
How much margin a company is giving to its retailer. This margin always depends on the brand of the product of that company.
Profit in this business is accepted on many factors. Like crowd of customers, store being very old etc.
To earn maximum profit, keep trying to discuss the following points mentioned by us.
Loss
Keep in mind that while giving loan, take a decision carefully. Excessive loan is the reason for the loss of the store.
After deducting the light bill, salary of employees, vehicle expenses and daily expenses of the store. Your income should be a little higher. Otherwise you may reach the verge of becoming bankrupt.
How to open electronic shop step by step
If a new person starts this business, then he should first study this business in depth.
First of all, decide the location of your electronic shop. Keep in mind that the location should always be in the main market, market, crossroads and public place. So that the store always walks on the path of success. Otherwise, decide the location according to your convenience.
So friends, first of all, buy land for the electronic shop. Or rent the shop.
If you have bought the store, then start the construction work of the store on it.
Now choose your employees. And give them proper direction in the work path. About 3 to 4 honest employees.
Choose the shop’s name, number, logo (icon) etc. Get the store’s name written in big letters on the board.
The ways to fill this store with material are as follows. Either you keep products of different companies. Or choose only one company.
Fill all types of products in your store in an organized manner. After filling, check those products. Find the shortcomings and remove them.
Arrive at the shop on the first day. Provide proper work direction to the employees. Get the shortcomings removed.
In which areas should you have experience before opening an electronic store
By reading this title, you must have understood that we are going to talk about which areas you need to have experience in before opening an electronic shop.
To gain experience in this business, you will have to spend 8 to 10 months at some other electronic shop.
Some electronic devices like IC, digital circuit, resistance, capacitor, transistor, triode, diode etc. It is very important to have detailed information about them. Which is available in some electronic machines.
Get experience of the process between electricity and electronics.
Most importantly, it is necessary to have detailed knowledge of the fluctuations in the prices of all the materials in the electronics shop.
You should have the ability to identify the wrong product.
It is important to have the right way of talking to the public. So that the public can be lured to buy the material.
Have experience of providing proper direction to the employees towards the work path.
Have extensive experience of keeping all types of materials present in the store in an organized and correct manner.
You should have basic experience of running an electronic shop which other retailers have.
Through books, mobile, laptop etc. Keep trying to learn something new related to electronics every day.
Best Tips for Success in Electronic Shop Business
Do discuss the detailed information given below. Because you and we know that in today’s time, it has become very difficult to bring growth in a store. But undoubtedly we have also tried our best to find a solution to this problem. And we are presenting the best suggestions for you. With this you will be able to see progress in your electronic shop.
Understand the desire of all types of your customers. And try to give them the right material according to their requirement.
From the entry of the customer to the return. Look at all the facilities. And discuss.
Look for good honest employees. Who have the ability to communicate along with working.
Keep a lot of camera facilities. And keep an eye on your customers. What do they think about your store.
Keep the outside and inside design of your shop attractive. So that the public can be inspired to come to the store.
Keep all brands of products present in the store as per requirement, so that people do not go empty handed.
Promote your store as much as possible, so that people from other areas can also know about your store.
Good income can be earned by campaigning with a vehicle even in rural areas.
Get your own e-commerce website made. Do lead generation, and increase online sales.
Maintain good contact with traders near you.
Always give credit to your valuable people.
If you have started this business as a professional person, then you should be in touch with all the Ward Panch, Sarpanch, MLA, Secretary etc. of your area and many VIP people, who will show you a new path to success.
What facilities should you keep for your customers and shop
Keep the facility of repairing any damaged or broken item.
Provide the customer the facility of buying items on installments.
Provide the facility of giving a proper bill on every item.
Provide the facility of re-exchange on the product under warranty.
Provide the customers the facility of giving offers on items during festivals. This will also increase your sales during festivals.
Get the location of your store submitted on Google Map.
Get the official website of your store made. Get your own and store related information submitted safely. And increase online customers.
You can keep the facility of 4 wheeler vehicle. So that customers can easily carry their goods.
Implement fire extinguishing equipment in the store.
Do not keep items related to gas agency in your store. And do not expose dangerous items like petrol pump dealership.
Frequently Asked Questions ( FAQ )
Question. How profitable will it be to open an electronic shop.
Ans. The scope of electronic shops is growing rapidly. Therefore, by opening this store, you can see yourself on the path of success in the coming time. We have highlighted many success tips for you.
Question. How to learn the work of an electronic store.
Ans. To gain experience in this business, you will have to spend 8 months to 10 months at another electronic shop.
Question. How much will it cost to open an electronic store.
Ans. To start this business, you may have to invest a maximum of ₹ 25 lakh to ₹ 30 lakh.
Question. How much profit margin will you get in this business.
Ans. One should expect to earn from ₹ 8 lakh to ₹ 10 lakh every month. The margin available at an electronic shop is between 5% to 20%.
Question. Where to buy electronic products for the store.
Ans. Visit the traditional websites of various electronic companies. After getting the contact number, keep contacting.
Visit your nearest electronic shop. Get information about electronic product material.
Conclusion
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