The computer is nowadays an essential item both in home and office. And the market is growing rapidly worldwide. The object of crafting this article is to provide the best computer business ideas to entrepreneurs.
The IT & electronics industry is one of the fastest-growing industries in India, both in terms of production and exports. It is a booming industry in India at present. Generally, software and hardware are the two basic categories related to computers. However, the software is more of a service-oriented industry mainly targeting exports.
On the other hand, hardware is a goods-oriented industry, targeting the home market. Most Indian computer hardware firms are importers of machine parts and intermediate goods. Such as motherboards, processors, memory, hard disk, etc. They assemble & sell the machine systems (of course under a brand name ) in the Indian local market.
Indian computer hardware and software industries differ a lot. The list includes in terms of their levels of innovation, kinds of manufacturing, and the markets catered to. Therefore the industry creates immense opportunities for new entrepreneurs.
20 Profitable Computer Business Ideas
#1. Cartridge Refilling
Cartridge refilling is an emerging business in India. Additionally, you can start the business in two ways. You can start your own cartridge refilling company. Otherwise, you can start with a franchise brand. Moreover, the business is profitable and the revenue earning is lucrative.
#2. Computer Accessories Store
This is one of the low-cost opportunities in the computer retail industry. Additionally, the accessories sometimes fetch more profit than the main products. You can start this business not only in metro cities but also in small towns and suburbs.
#3. Computer Assembling
This is the most profitable business in the industry. However, you will need to invest substantial capital. You can source the parts from domestic markets. Otherwise, you can also import those items from foreign manufacturers.
#4. Computer Networking
This is a service-based business in the industry. And you must have adequate skills and knowledge about networking. However, you can start the business from home focusing on the local market. As your business grows, scale up a full-fledged operation.
#5. Computer Parts Selling
This is another lucrative business in our country. In addition, the industry includes a wide range of products. Such as motherboard, keyboard, mouse, charger, hard disk, processor, battery, etc. However, the business demands moderate capital investment and the right marketing planning.
#6. Computer Repairing & Maintenance
This is one of the most low-cost business opportunities you can start today. Additionally, it is a lucrative self-employment opportunity for skilled youths.
#7. Computer Review Blog
Blogging is an industry nowadays in India. And review blogs are getting popular these days. When a consumer wants to buy a computer, laptop, or related item, he or she generally looks for an honest review. And it helps to find the pros and cons of the product before buying. Basically, with almost zero investment you can start this business.
#8. Computer Store
It is a highly lucrative business in the industry. Additionally, the business is hugely self-rewarding. However, you must put substantial capital investment in the business.
#9. Computer Training Institute
As the industry is booming, the need for basic education is also increasing in our country. Hence, a computer institute is the best place to learn the basics. Therefore, this type of small institute is gaining immense popularity these days.
#10. Cyber Cafe or Internet Cafe
This is another good retail business in the industry. And you can start the business with moderate startup capital investment. Additionally, you can offer services like xerox, print, fax, etc.
#11. Desktop Publishing
DTP is a very popular name in our country. This is an essential thing in the advertising and publishing industry. Additionally, DTP is used for both print and electronic media publications.
#12. Ebook Making
Ebook stands for electronic book. It is a book that is available in digital form, consisting of text, images, or both. It is a readable option on computers or other electronic devices. Ebook making and publishing have high demand these days.
#13. Gaming PC Assembling
Gaming PC or gaming computers are getting immense popularity in the Indian market. And people look for the best configuration at the best price. Hence you can start assembling and selling gaming PC according to your client’s specifications.
#14. Graphic Designing
Graphic design is a wide industry. And it is highly related to other industries like advertising, media, publishing, printing, and packaging. However, you must have the right skill and knowledge to start this business of your own. Additionally, you will need to invest in a computer, internet connection, and designing software.
#15. Import Computer Hardware
The computer hardware industry in India hugely depends on imports. And you can make handsome profits out of this business. However, this is a capital-intensive business and you must put substantial investment into starting this business.
#16. Software Development Company
A small-scale software development company is definitely a profitable business. However, it demands ongoing innovations and upgrades as well. Additionally, you must have a solid marketing plan and sales promotion strategy.
#17. Software Selling
Software selling comparatively demands small capital investment. Generally, this type of product attracts institutional selling. However, you can sell from a blog or a small online shop as well.
#18. Used Laptop Selling
There is a huge market for used laptops. And selling used laptops is a highly lucrative business. You can buy old laptops from the people who want to sell them. After some refurbishing, you can sell it with a good profit margin. However, creating a profit-making business model is the most crucial aspect of this business.
#19. Video Editing
You can offer video editing services from your home. However, video editing service attracts a wide range of consumers. Generally, people look for good quality edited videos for domestic use, business use, website use, etc.
#20. Web Designing
Web designing nowadays is not a localized business. Rather you can offer this service globally. If you are a quality web designer, you can offer your service worldwide through some online marketplaces. Additionally, it allows you to work from home.
Nowadays, a computer is an essential item in every household and business premises. And the industry is creating new opportunities almost every day. We will update this list of 20 profitable computer business ideas as we get information about the industry.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.
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1. INTRODUCTION
In the world of full of technology, computers are body to that host along with internet as the oxygen to service it. Thus, selling of computers and laptops in this highly advanced environment and emerging technological world is profitable. Computers/ laptops both are vital elements of the todays living lives, as all thing dependents on them only. As like school homework, college assignments, thesis reports, business presentations, datasheets on Excel, online tutoring or study, office work, online exams etc. Due to such gaining of importance it is lucrative to start a computer business. If facing the financial problems then computer retail business is also a better option other than opening a computer parts store too.
2. CASE STUDY
The following are the case studies of the computer retail business:
i) MD COMPUTER:
This is the big name for the computers stores in Kolkata, as in the west Bengal situated shop as very amazing collection of all hardware, computers, laptops gaming accessories. The speciality of this store is that they provide gift vouchers after the purchase4 of computer laptops on the special occasions and also the free servicing of all the accessories with delivery. Here they can also take the return of order too . they have all latest and updated stocks of the gaming laptops and play station kit also.
ii) THGEITWARES:
This is the Mumbai based firm which has various interesting marketing features and that makes this store unique. They have the very amazing schemes for the customers like guarantee of replacement of any product in just 7 days, free shipping of orders, best prices and best quality assurance guaranteed, fast delivery by speed post or by FedEx. They have the best sellers for the laptops, processors. They have also open computer parts store.
3. BUSINESS IDEAS’S SWOT
i) Strength
- # The profit margin is more in this computer retail business as it is big investment business.
- # The employees needed are less and no mess is created as it is modern business.
- # The transportation cost requires is almost negligible as customers prefer to buy it offline mostly.
ii) Weakness
- # To start the laptop selling business a big investment and high capital has to be generated.
- # In the computer retail business to improve the computer sales and services their needed a lot to time and settle down period also too long.
iii) Opportunities
- # Contacting the companies, offices, schools, colleges for the supply of the new stock of the computer/laptops/tablet or various parts of them.
- # The wholesalers have the opportunities in the computer dealership with the retailers.
- # Selling of the computer parts and laptop accessories along with software tools helps in earning good.
iv) Threats
- # The biggest threat to the retailers is the customers buying the PCs from the online platforms directly or buy the franchise of that brand in locales.
- # The imposing of additional taxes on the expensive products are causing troubles.
4. MARKETING STRATEGY
- Product: The computer/laptops/tablets are the main products in this computer retail business, for which there must be good stock available of them. Apart from that all updated PCs computer, laptops, tablets are in stock is necessary, also there must be presence of every popular demanding brand available. All the products of different sizes, colours, brands, price, company, RAM, battery consumptions are needed for the selling.
- Pricing: The product which are pricing in the market and the store of business must not be too much variable. Also, the products of different prices and profit margins are needed to be kept. Even though profit margins are not much having reasonable pricing of the computer/laptops as per the companies actual pricing criteria. Don’t impose extra taxes on the international brands as its causes loose in the client’s trust.
- Promotion: For the promotions of the business sued the SEM techniques and the methods that helps in the promoting of business in much better ways. Also SEM that is search engine marketing which is specially marketing tools helps to obtained many professional clients and big customer chain also.
5. SUPPLY CHAIN MANAGEMENT
- # IT company (order the contract the requirement of PCs and laptops)
- # Manufacturing company (not necessary all parts manufacture by same company)
- # Supplying branch of IT company (another unit claims this responsibility)
- # E-market place (for the relations between clients and company, also for international trade)
- # Wholesaler supplier
- # Distributor
- # Local supplier
- # Local wholesaler
- # Retailer (this is the last key of the chain and also price up to this is increasing to several amount)
- # Customer
6. LEGAL NEEDS
- # Business registration
- # LLC
- # Certificate of occupancy
- # Trademark
- # Bank account
- # GST registration
- # Business insurance
7. FINANCIAL PLAN
- # Shop
- # Electricity supply
- # Stock of goods
- # Good display
- # Samples of actual laptops/computer which are unseal
- # Skilled employees and marketing manager with client relationship professional
- # Furniture for the storage of PCs
- # Additional accessories like laptop cover, guard, antivirus kits, extra parts, o/p devices.
- # Transportation facilities
- # Online services for the customer service
- # Repairing centre, mechanics and IT experts