Mobile Phone Business Success Stories [2024]
Got an eye for tech and a knack for sales? Starting a mobile phone business might be your calling.
Simply put, this business involves selling mobile phones and related accessories both online and offline. The game plan includes sourcing the latest models from reliable suppliers and offering an array of choices to entice customers.
With the surge in smartphone usage, people are perpetually looking for upgrades and accessories, making this a lucrative market. Combine your expertise in tech with some sharp marketing strategies and you could carve out a niche for yourself.
Start small, keep inventory manageable, and focus on building a customer base that trusts you for quality and service. This business demands dedication and quick adaptation to tech trends, but the potential rewards are substantial. If you have a passion for mobile technology and a propensity for business, this might be the perfect venture for you.
In this list, you'll find real-world mobile phone business success stories and very profitable examples of starting a mobile phone business that makes money.
1. Phone Loops ($1.5M/year)
Jean-Philippe Brousseau, the founder of Phoneloops.com, came up with the idea for his business after repeatedly breaking his phone screen and incurring costly repairs. While at a pub in Montreal, he used a straw to prop up his phone and realized there was a need for a secure grip accessory for smartphones. Since launching in 2014, Phoneloops has sold over one million Loops in 66 countries, experiencing exponential growth every year.
How much money it makes: $1.5M/year
How many people on the team: 5
Phone Loops founder Jean-Philippe Brousseau developed and launched his first product after realizing how often he dropped his phone and caused costly repairs, and to date, the company has sold over one million Loops in 66 countries.
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.
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.
