Cell phone business ?

Edwards Finance > Phones

Q. Im opening up a cell phone business & im just wondering how a typical day in a cell phone business would be like?

A. I owned and operated a cellphone retail shop from 1997 to 2001. However, before opening my own, I worked in others first, to learn the business, and get a feel for customer expectations. I'm sure the business has changed radically in the eight years I've been out of it, but I can still give you one solid piece of advice: if you have no idea what "a typical day is like" in ANY particular business, you shouldn't be going into THAT business. Before you make that kind of investment, you need to work inthe business at least few months to learn everything you can from the business end- what kind of margins can you expect, what carrier(s) offer the best support and commissions, who your target customers are, etc. I got out of the biz when the carrier I represented exclusively (Cingular) started making it impossible to compete with their company stores in upgrade pricing. By 2001 upgrades/contract extensions were already a bigger business than new activations, and while Cingular paid handsomely for new activations, they paid very little (at least at that time) on upgrades, so we'd actually only break-even or even lose money on upgrades! I assume the wireless retail market has "fixed itself" since then. Assuming this isn't a Troll; my guess is that you have to deal with a million stupid customers who can't pass the credit check. Just my guess

Ask Edwards a Finance Question

Other Questions:

Best Way to Answer a Business Phone?

Many companies today answer their phone with a long winded answer. As a customer, I find it annoying and distracting. Which do you think is best?In fact, it is management-babble, a sort of Orwellian Newspeak that comes out of the mouths of pe...

I'm having a hard time finding a cordless phone that works properly in my house. I have a 25 channel Panasonic that works great but the battery won't stay charged. I've tried about every 900 mhz and 2.4 Giga phone (Panasonic, Uniden, Sony, Tosh...

An IT friend of mine gave me the cover disk from a magazine he received, and on it is 3CX Phone System 3, which claims to be "Complete phone PBX in software!". Does anybody - preferably with experience of this piece of software - know if th...

Over the past couple years I've changed cell phone services and have accumulated a couple of cell phones. One is a digital Nokia about a year old. The other an older Motorola 3 watt. Question is are these useful for anything or worth anythi...

Looks like I can get either SBC phone service or Comcast in the house I'm buying -- I'll be getting Cable TV and Cable Modem from Comcast (I can't get DSL from SBC) -- is one any better than the other for residential phone service?SBC is a horr...

Edwards Finance Menu

Ask a Question
About Us / Me
Contact Me
Privacy Policy

Sitemap

My Favorite Sites

PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog

Q&A Subjects