Capitalizing on the 90 percent of Americans who own a cell phone, iDropped has perfected the franchise model to provide fast, on-site mobile device repair for the most popular brands of mobile technologies. The business is seeing an uptick in franchise inquiries, fueled by the overall growth of the franchise industry. According to the International Franchise Association’s recently released Franchise Business Economic Outlook: 2015, franchise businesses are expected to outpace the rest of the economy in overall growth for the fifth consecutive year.
“After building five successful corporate locations, we adopted a franchise business model to further expand iDropped’s high-quality services,” said Charles Hibble iDropped CEO and co-founder. “We focused on providing guaranteed repairs to the daily technologies people can’t live without, carving a niche in the franchise industry as the most trusted brand in mobile device repair.”
The total initial investment for iDropped ranges from $67,650-$129,900, which includes the initial franchise fee and grand opening paid advertisements. A military discount is available to qualified applicants. Franchise partners have access to premium part suppliers, distributors and other vendors to ensure customers receive uniform, quality repairs at every location.
The company is seeking franchise partners with an entrepreneurial spirit and interest in technology in New York, New Jersey, Michigan and Georgia. To learn more about the company and franchising opportunities visit: www.idropped.com.
About iDropped
As a mobile device repair company, iDropped repairs damaged iPhones, iPads, iPods, Galaxy devices and laptop computers. As technology advances, the company strives to adapt and continually learn device repairs. iDropped is committed to providing the best service, quality products and repairs and offers a one year guarantee on all parts and labor. iDropped was founded in 2012 and is currently seeking franchise partners across the United States. For additional information about iDropped and its franchising opportunities, please visit: www.idropped.com.
Even though I am very unexperienced in the marketing and franchising environment, I have to say that opening a company that repairs phones is already not such a good idea and franchising it is even worse. Why? This company is relying on the numbers that 90% of the american have a cellphone, which is true, but my guess is this company is not looking at other important factors a customer would take into consideration when fixing their phones. First of all, most phones come with a warranty. Second of all, they might lack knowledge with respect to the device they are working with or trying to fix. For example, I surfed through their main website, and fixing the iPhone 6 is "Coming soon", even though it has already been in the market for a WHILE. Third, if my iPhone brakes, I'm most definitely taking it to an Apple store before anywhere else. I think this company is trying to penetrate a market already strongly stablished. Maybe I'm wrong, but I am 100% bearish with respect to this company.
ReplyDeleteThe business model behind this company is genius. There are so many people that drop their phones and are required to get new screens. Now they don't have to replace their entire phone with the cell phone company that would charge a fortune. It doesn't seem like the investment is that much either since all of the suppliers and distributors are already lined up for the franchisee. It is interesting that they want to franchise in those four states also. They seem pretty random.
ReplyDeleteiDropped is a great idea and can really take advantage of the general American population which is way too careless with their cell phones. As long as there is a solid business plan for franchising which there seems to be there is no reason iDropped won't grow rapidly and successfully in the coming years. With the initial investment fee being high, but not too high there is no reason that the everyday person can't get involved with this franchise.
ReplyDeleteThe overall idea is good because it is convenient, but their services are extremely limited. I took the time to explore their website, their main focus seems to be on fixing broken screens and a few other minor services (that they may or may not be able to fix depending on the device) on a limited number of devices, iPhones, iPads, iPods, Samsung galaxys, and most laptops. It appears to me that if they encounter something that goes just a little beyond fixing minor problems, like if the phone bended a little and the screen doesn't fit anymore, they wont be able to do it and start loosing customers, either that or they will have to increase the number of services offered per device so that they can be more competitive. I also somewhat agree with Juan Andres, they will be competing with the businesses that created the product in the first place and also with businesses that are dedicated to repairing these devices no matter the issue as long as it is fixable, so how are they planning to compete against them?
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