Business Idea: Start An Electronics Store in 2024
An electronics store sells any electronics from smartphones to televisions, laptops, refrigerators and other home appliances. With the technological advancements in the past decade, the electronics sector is expected to grow by 5.6 percent over the next five years.
To start an electronics store, research and find the right location for your store, then register your company at the state level to get the tax ID number.
Then, research your competition, which includes online stores and the local electronics store in your area. You should examine what they sell and focus on the products you can provide at a better price than the competition.
Revenue & Profitability
How much do electronics stores make?
- On average, successful electronics stores report $804K/year in revenue.
- 100% of electronics stores report being profitable.
Startup Costs
How much does it cost to start an electronics store?
- It can cost as low as $500 to start an electronics store.
- It can cost as high as $20,000 to start an electronics store.
Learn more about the costs of an electronics store.
Examples Of Successful Electronics Stores
Successful electronics store businesses and case studies
Founder Kyle Capel started Hand Held Legend, a DIY upgrade shop for vintage handheld consoles, which generates an average revenue of $27,000 a month and grew 30% in Q1 of 2020, offering an array of modern LCD upgrades for various consoles and serving an audience of mostly male customers aged between 13 and 45, 40% of which are international.
Smartbuy Kenya, an e-commerce website specializing in electronics, increased their monthly revenue from $8,000 to $30,000 through investing in SEO, cutting down on ad-marketing costs, and providing quality products and customer service, with plans to expand internationally and diversify their product range.
See full list of successful electronics stores.
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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.
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.
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.
