How Lucrative Is Phone Accessories Business

12 Study the Market.

How lucrative is phone accessories business. According to a Founder of retail consultancy the profit margin of mobile accessories is very large as compared to the margin provided by mobiles itself that is usually 10. First Fiscal Year FY1. Mobile phones play a vital role in todays day-to-day life.

They repair parts and accessories are readily available in the market. 13 Draft a Plan. Its clear there will be no lack of customers for your phone case business.

Because this is a highly competitive field it is essential that your mobile phone accessories stand out from the pack. As per FMI the global mobile phone accessories market valuation is around US 820221 Mn in 2021. This custom printing can be done on all other mobile phone accessories just tell your mobile phone accessory distributor and it will be done.

A recent study on the mobile phone accessories market in India reveals that rapid increase in sales of mobile accessories is directly proportional to the sale of smartphones in the country. 11 Find out if the Business is for you. Here is a sample business plan for starting a mobile accessories business.

Mobile phone plays an important and vital role in. Which is the most lucrative market for mobile phone accessories. It leads to really high profits irrespective of the amount that was used to start initially.

Phone accessories business in Nigeria is lucrative especially when one is into varieties of phone accessories and other gadgets like bluetooth speakers etc. Usually if taken average you can observe a net margin ranging from 50 to 75 depending on different accessories. Phone cases are also easy to handle from a management perspective.