A person doing the side hustle Phone Flipping & iPhone Repair.
Popularity: Medium
Competitiveness: High
Effort: Medium
Scalable: Yes
Initial Investment: Medium
Time to Profit: Short to Medium
Flexibility: High
Skills required: see details bellow
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The Details by section, plus more information and links.
Phone flipping and iPhone repair have gained significant popularity due to the ever-increasing demand for smartphones and the continuous release of new models by major tech companies. Many individuals are on the lookout for more affordable options or require repairs for their existing devices, as buying a brand-new phone can often be quite expensive. This has created a niche market for those skilled in refurbishing and repairing phones, making it a lucrative side hustle for some. However, it’s important to note that these activities are not as mainstream or widely recognized as other side hustles like freelancing, which encompasses a variety of skills and services, or e-commerce, which involves selling products online through various platforms. Despite this, the phone flipping and repair market continues to grow steadily, driven by the persistent need for functional and affordable smartphones.
There are many diverse players in the market, ranging from individual flippers who buy and sell items for profit and skilled repair technicians who specialize in fixing broken phones, to well-established brick-and-mortar repair shops and innovative online platforms that offer a wide array of services where the entire process is handled online. The barrier to entry in this market is relatively low, which significantly increases the level of competition. This accessibility allows new entrepreneurs to enter the market with small investment if you only plan to repair phones or medium investment if your plan to flip phones, thereby fostering a dynamic and competitive environment where numerous players vie for customers' attention and business.