2 Computer Hardware Shop Success Stories [2024]
Looking to enter the tech retail market? Consider opening a computer hardware shop. As a space dedicated to selling essential components like motherboards, graphics cards, and processors, this business appeals to tech enthusiasts and professionals alike.
The core idea is straightforward: curate a diverse inventory of high-quality hardware and provide expert customer service to help consumers make informed choices. By catering to a wide range of needs, from casual users looking to upgrade their setup to gamers and IT professionals needing specialized parts, you can build a loyal customer base.
While initial investment in inventory and store setup is required, the potential for growth in this tech-driven world is significant. Focus on building relationships with reputable suppliers and staying updated on the latest product releases. If youβre passionate about technology and willing to put in the effort, a computer hardware shop can be both a lucrative and fulfilling venture.
In this list, you'll find real-world Computer Hardware Shop success stories and very profitable examples of starting a Computer Hardware Shop that makes money.
1. Mermar Electronics Inc ($6M/year)
decade ago when I was in college, one of the students in my class came up with the idea for a new product. She noticed that there was a need for a lightweight, portable laptop stand that could be easily carried around and used in multiple settings. She conducted market research and found that there was a growing demand for such a product, especially among students and professionals who frequently traveled or worked in different locations. Inspired by this opportunity, she decided to start her own business and develop the laptop stand herself. She launched a successful crowdfunding campaign to raise funds for manufacturing and production, and within a few months, her product was available for sale. Since then, her business has grown significantly and she has expanded her product line to include accessories and other tech gadgets. She attributes her success to identifying a gap in the market and being proactive in addressing it, as well as constantly innovating and adapting to customer needs. Today, she is a respected entrepreneur and her company is a leader in the tech accessories industry.
How much money it makes: $6M/year
How many people on the team: 0
Mermar Electronics, a California-based PCB manufacturing and assembly company established in 1974, has served over 100 unique clients and generated $2M in monthly revenue, with plans to upscale to $5M every month through facility expansion.
2. TechUnwreck ($1.44M/year)
Matt McCormick, founder of TechUnwreck, came up with the idea for his business when he broke his cell phone screen and decided to fix it himself. He started a small e-commerce website offering phone repairs through the mail, attracting customers through Google Adwords. The business grew and evolved to focus on bulk repairs for schools and businesses, and in 2021, they are expecting to do 30,000 device repairs and $3 million in sales.
How much money it makes: $1.44M/year
How much did it cost to start: $500
How many people on the team: 8
TechUnwreck, a mail-in bulk device repair service for schools and businesses, started as a part-time side hustle learning to fix phones after its founder's own phone broke and is now expecting to do 30,000 repairs per year and $3 million in sales in 2021, thanks to a committed hiring process, in-person repair model, and online reputation.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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