Mobile Phones, Accessories & Parts

How Successful is a Mobile Phone, Accessories & Parts Business
 

The widespread adoption of mobile phones has resulted in a corresponding rise in demand for mobile phone accessories.

You can't live without your cell phone, therefore it's only fitting that you'd also need a few essential accessories. The majority of us are unlikely to make it through the day without our mobile phones and at least a basic set of peripherals.

Reasons Why the Mobile Phone Accessories Business Market is Becoming High 
 

1. Strong Distribution Network 

Additionally, mobile phone add-ons are now considered part of a person's personal style. Colorful, one-of-a-kind, and on-trend mobile phone accessories may be found at branded retailers. The businesses peddling these add-ons have a well-established channel of communication set up to advertise and sell their wares.

2. Technological Advancements 

In particular, until recently, cellphone accessories only included chargers, data cords, and earphones. Users in India are increasingly drawn to high-tech mobile accessories like Bluetooth gadgets, power banks, wireless headphones, etc. as a result of the country's rapid technological development.

3. Social Trends 

With more people using their phones to access the internet and social networks, there has been a surge in the demand for mobile phone accessories. 

Since the average consumer now has more disposable income, the market for smartphone accessories has evolved away from the cheap end and toward the middle and upper end of the pricing spectrum.

 The popularity of online shopping in India has also contributed to the rise in the need for mobile phone add-ons. As a result of their low costs and wide selection, internet retailers have quickly become Indian consumers' go-to source for smartphone add-ons.

4. Irregular Electricity and Power Distribution 

There is a well-known problem with smartphone batteries: they drain quickly compared to feature phones of yesteryear. Because of power outages, smartphone users problems are exacerbated in rural areas and smaller cities. 

Due to the scarcity of available charging outlets in public places, an increasing number of people are purchasing portable battery packs to keep their smartphones operational in the event of an emergency. The result has been a surge in sales of portable chargers across the country of India.

5. Wireless Accessories & Parts 

Consumer tastes have shifted throughout time. As a result of this trend, many more technological conveniences are being introduced into people's daily lives in an effort to make living easier and more pleasurable. In this regard, wireless mobile phone extras are ideal. 

Wireless accessories, however inconsequential they may seem, eliminate the need to constantly untangle cables. The user can go about their normal activities without having to worry about tripping over any cords.

Popular Mobile Phone, Accessories & Parts

Mobile Accessories
 

1. Gaming Controllers 

While the vast majority of mobile games are optimized for touch screens, there are a few that really perform better when played with a physical controller. Playing virtual reality games or emulation games is a lot of fun.

2. Bluetooth Earbuds 

The second generation of AirPods features a wireless charging cover that simplifies charging. The PowerBeats Pro ($199) is an excellent choice if you're looking for something more substantial.

3. Headphones 

The standard issue in-ear headphones included with the vast majority of modern smartphones are serviceable but unremarkable. If you're a music lover, however, you know that the first accessory you need is a good pair of headphones.

4. Gimbals 

Gimbals have quickly become a must-have for smartphone videographers who wish to achieve cinematic results. Even if your phone doesn't have optical image stabilization, a gimbal can help you get rock-steady footage.

5. Camera Lenses 

Even if the cameras on most modern smartphones are rather good, what if you want to shoot even better pictures? There's always the option of purchasing an additional lens for your camera. The moment is the ideal option because it has a variety of lenses available, including fisheye, telephoto (58mm), macro, wide-angle, and anamorphic.

Mobile Parts:
 

1. ROM 

Android and other mobile operating systems are stored in the phone's ROM, a hidden area of the device. There are also programs that come pre-installed and cannot be deleted from this folder. It's the process by which a Mobile Phone, Accessories & Parts current operating system is downloaded to the device. If a flaw manifests itself in the ROM, you may experience issues with the software.

2. CPU 

The central processing unit (CPU) manages the operation of the whole phone. It's in the circuit board's power supply. The central processing unit manages every aspect.

3. Flash IC 

Memory IC, EEPROM, ROM IC, RAM IC, and other variations of these names can be found in the power part of a PCB. IC has been outfitted with mobile phone-related software. A malfunctioning flash IC can render a mobile device useless or even fatal.

4. P.F.O

This IC, which may be an amplifier or a band pass filter, is often located in the network segment next to the antenna switch. The network's frequency is amplified and filtered.

5. VCO

It's part of the network infrastructure and transmits data voltage to the central processing unit and radio frequency integrated circuit. After receiving instructions from the CPU, the VCO will adjust the frequency. 

6. RAM 

RAM provides the "immediate access memory for multitasking" that smartphones require. The RAM may hold any program or game. Additional Random Access Memory allows for more multitasking. The random access memory (RAM) of Android phones has increased from 2GB to 4GB, and then to 6GB or 8GB, making it one of the fastest-growing technological trends in the smartphone industry. In terms of RAM, the iPhone 7 Plus has 3GB. 

7. Charging IC 

A charging IC regulates the charging process. It is the part of a phone that provides power to the rest of the device. You'll locate it in the vicinity of R22 in the Power Section.

An Initial Investment In Mobile Phones, Accessories & Parts Business
 

Considering these factors, we can estimate that you would need at least Rs. 4, 00,000 to launch your firm in a strategic location.

You’re Sources of Capital include:

1. Your Personal Savings 

You'll need to dip into your own cash reserves to get things started. If you already have some capital, you can use it to launch your company. Having financial independence can relieve a lot of pressure and responsibility. You don't have to worry much about how to make a profit or what might happen if the firm doesn't do as well as you anticipate.

2. Input from family and Friends 

A firm selling cell phone accessories is not a terrible choice if you want to get into entrepreneurship. Profitability and scalability are two areas where the firm shines, both of which could provide you a lot of advantages in the future. This alternative is far more convenient than going to a bank or a corporate lending firm because of the familiarity and quickness with which things may be accomplished.

3. Business Loan 

When most individuals consider establishing a small business, they picture taking out a loan. To apply for a loan, you would need to visit a bank. This method is a bit more time-consuming, but it ultimately yields lower interest rates. The typical loan repayment period is 15 years. Some financial institutions offer loans without requiring borrowers to put up any kind of collateral.

4. Credit Loan 

There are benefits and drawbacks to this type of funding. The process is straightforward, and you can expect to receive your funds fast. Interest rates are high, and you can't keep your money there for very long.

Profit Margin In Mobile Phones, Accessories & Parts
 

If you work hard, you can keep your firm afloat thanks to all the stock you have behind the counter. The profit margin on each accessory varies. When all accessories are considered, the typical net margin is between 50% and 75%.

The profit margin of mobile accessories is very high, compared to the margin supplied by mobiles themselves, which is normally 10%, according to a Founder of a retail consultancy.

Chargers cost between Rs 150 and Rs 650, while memory cards cost anywhere from Rs 250 to Rs 5,000, with price variations among brands and storage capacities. Cheaper covers and cases can be purchased for between Rs 300 and Rs 700. 

Costing anything from Rs 450 to Rs 4,000 (per unit) on average (again, depending on the manufacturer and the device's charging capacity) power banks, or portable mobile chargers, are not cheap.

FAQs: Mobile Phones, Accessories & Parts
 

Q. What are the main parts of a mobile phone?

Ans. Battery, Speaker, Microphone, Keyboard, Antenna, RAM, ROM, VCO, Audio IC, UEM IC Display and others are the main parts of a mobile phone 

Q. Is a mobile phone parts business successful in India?

Ans. The sale of mobile phone accessories is commonly cited as an example of a business that requires little expertise but may yet yield a respectable profit.

Q. Can I purchase mobile phone parts & accessories in bulk qty online?

Ans. Yes, just visit Trade India and get some ideal deals on different types of mobile phone parts and accessories at a bulk rate. 

Q. What things should we take care of before investing in mobile phone parts & accessories?

Ans. Here are the things you should consider:

1. Money matters

2. Quality is imperative

3. Features and Functionality

4. Warranty and product return

5. User friendly