It might be the right time to invest in this sector where franchising has proven to be a one-stop business model for operating and growing a mobile phone and accessories business.
Running and operating a highly profitable business is a blessing for any existing entrepreneur in today's time. A mobile and accessories’ business is one such sector that has been able to gain immense popularity in the last few years, which eventually transformed the industry into a massive one.
This industry has a lot to offer to entrepreneurs who believe that a mobile and accessories’ segment can be their forte. If you are among them, then it might be the right time to invest in this sector where franchising has proven to be a one-stop business model for operating and growing a mobile phone and accessories business.
Also, where the offline sales of mobile phones and accessories continue to elevate with each passing day, this emerges as a lucrative business option for franchisors and franchisees—both offline and online.
Therefore, despite having a great online presence, brands like Xiaomi, Samsung, and Vivo are leaving no stone unturned in order to create a strong offline presence as well throughout the country.
Xiaomi has taken the mobile phone and accessories industry by storm ever after making its debut in 2010. With a motive to target the affordable section, Xiaomi soon started gaining the popularity it was looking out for. In terms of mobile phone sales purely in terms of volume, Xiaomi will eventually rank top among the other existing mobile phone brands that are existing.
Being a hub of affordable handsets along with smart phones with high-tech features and long-lasting battery life, every other person is believed to a Xiaomi user in today’s time.
The brand is believed to be a hub of pocket-friendly and effective mobile phone accessories which is being successful in attracting the customer's eyeballs. It's been only 2 years since Xiaomi started franchising, and it has reached a number of more than 550 outlets already! The expected investment for being a part of Xiaomi franchise is calculated to be around INR 10-12 lakh with an area around 300-700 sq. ft.
It won't be wrong to say that Samsung is among the top renowned players in the mobile phones and accessories’ segment in the current time. This is why, every next month, Samsung announces a new mobile phone and accessories that do well in both the national and international market. Whether it's a high-tech mobile phone or tech-oriented gadgets, Samsung never misses a chance to amaze the new-age customers.
Samsung started franchising in 2000. Currently, the brand has more than 1200 franchise-based outlets that are said to be doing great. Samsung demands an investment of around INR 10-20 lakhs with an area ranging from 45-600 sq ft for becoming its franchisee. The breakeven period is calculated to be around 12 months.
The Finland-based company, Nokia, needs no introduction when it's about mobile phones and accessories. The brand came into existence in 1987 after which it has successfully dominated the mobile phone and gadget industry across the globe like a boss. The brand is known to create technology that can connect with the world along with adapting to the ever-changing demands of the modern-day consumers.
Nokia has been in franchising since 2013, which creates a good and worthy opportunity for aspiring franchisees. Although the brand faced a low period post 2011, it is now back with a brand new variety of smartphones, which are all set to rock the mobile phones and accessories’ market. The brand has 650+ outlets under its umbrella, a franchise of which is available with an investment around INR 10-20 lakhs. Franchisees need to have an area around 250-400 sq ft for being a part of Nokia's franchising universe.
WK Life, a premier multinational corporate firm of Hong Kong is among the new entrants in the Indian mobile phone and accessories segment. The brand belongs to the HK Refine Industrial (Asia) Co. Ltd, which has gained huge acceptance and popularity among the Indian mobile phone lovers. The brand is providing all sorts of mobile phone accessories from wired to Bluetooth earphones to eye-catchy and affordable mobile cases.
2017 was the year when WK Life entered India and started with its franchising. Currently, the brand has more than 1000 outlets globally which are expected to get double in the upcoming 2-3 years.
WK Life's franchise is available at a cost of around INR 30-35 lakhs, where an area around 450 sq. ft is anyhow required. The breakeven period of WK Life's franchise is around 6 months.
The main motive of Phoneup, as a brand is to revolutionise the existing mobile market in India. Apart from mobile phones, Phoneup is offering umbrella solutions for mid and high-end mobile phones across Pan India. Additionally, the brand has some interesting mobile phone accessories that can excite any mobile phone user on any day.
Currently, Phonup has around 50 outlets altogether which will be growing in the upcoming years. Aspiring franchisees need to invest a capital around INR 5-10 lakh in order to become a part of Phonup franchise. Further, an area between 100-300 sq ft is required for running a Phonup's franchise.
The inception of the Surat-based ‘Bhatia Mobile' took place in 1997 after which the brand gained immense popularity in the field of mobile phones and accessories. The outlet has a wide range of both national and international mobile phones along with accessories that have the capability to attract modern-day consumers.
Bhatia Mobile is dealing with all sorts of handsets available, namely Apple, Samsung, Nokia, Vivo, Oppo, and others.
Bhatia Mobile is ensuring that customers get the best and worthy deals at its store, connecting people and helping the buyers to buy their favourite gadget at a low price.
The brand currently has more than 100 outlets after entering the franchising sector in 2009. Its franchise is available at a cost of INR 10 lakhs where a 300-500 sq ft area is a must to have. The expected breakeven varies from 6-8 months.