16 Tips to Start Battery Reconditioned Business

16 Tips to Start Battery Reconditioned Business

16 Tips to Start Battery Reconditioned Business : With the emergence of new technology come new business opportunities.

Technology has given us an abundance of business ideas and ventures that one can easily exploit and make nice part-time, if not full-time, income.

One lucrative venture you can exploit for maximum profits while helping to save our natural surroundings, is the battery reconditioned business.

Battery reconditioned is gradually becoming a popular business field as more and more people become eco-conscious and adopt cost-effective energy-saving ways of powering their cars and other domestic devices.

Almost everyone can benefit from having their batteries reconditioned rather than buy a new one.

For instance, a new car battery costs between #70,000 and #80,000 while a reconditioned one costs around #35,000 meaning you can be offering your clients close to 50% savings when they buy from you.

Which customer wouldn’t love that?

Keep in mind that you’ll also be helping to prevent more old batteries from ending up at the landfill and messing up with the environment. That is just for the car batteries.

What if you could also restore batteries for many other devices, Including cell phones, laptops, golf carts, and solar panels?

The profit potential for this business is huge. The battery is an important part of consumer electronics. Users of these devices are expected to stock up on these commodities.

If they want to be able to use their consumer electronics, and these devices are important?

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Here’s some helpful information that is written for those who hope to start batteries reconditioned business.

Read this article before you open up shop.

Thinking about opening batteries reconditioned business? We tell you what you need to know to get started.

How can one use a cell phone if it doesn’t have the necessary lithium-ion batteries needed for its operation? Of course, where else can they go to purchase their batteries but from a battery retail store? These stores have ample supply with which they can answer these people’s needs.

You, as a businessman, would do well to try and think about such a business opportunity.

First of all, how can one start a battery reconditioned business?

Here are some tips:

1. Get Battery Retail Franchise

The first thing you should do is to get yourself a battery reconditioned franchise.

Fortunately, there are a lot of battery reconditioned franchise options that you can choose from.

What’s so advantageous about these franchises is that they have support coming towards your way as a franchisee when you need help with your business.

With a battery reconditioned franchise.

You have at your disposal a wide variety of batteries to sell to your customers.

2. Building your store’s brand name

Second option is opening a battery retail store from scratch. This means you have to put your time in building your store’s brand name to make more money while opening your own store.

You will go through various things that one franchising company might have done earlier or will do for you. Either of the cases you will sell commonly used battery such as lithium-ion batteries which are used in laptops, cellphones and some digital camera models.

Of course, there is also the ubiquitous battery which comes in AA and AAA sizes. You can also consider keeping some commonly used big size batteries, that can be used in cars, inverters, generators, etc.

3. Get a Business Plan

A business plan is an essential document in every business, battery reconditioning not exempted.

Your business plan will describe the goals of your business.

Its objectives, an analysis of the market, financial aspects of the business.

The strategies you’ll employ to market your products and services.

Your projected earnings, and any other relevant data about the business.

A business plan helps to keep you focused on your business.

And work even harder for its growth as time goes by.

We know – writing a business plan can be a daunting task for a new entrepreneur.

But here’s the good news: With a few tips, any entrepreneur can create a successful plan for their business.

If you can get past the mystique.

You’ll see that a business plan just describes where your reconditioning batteries business is headed.

And how you intend to get there.

Although there are many uses for a business plan.

It’s most important function is to guide your decision making and strategic planning.

If you still aren’t sure where to begin, consider taking a look at several sample business plans to get the creative juices flowing.

See also: car battery business plan

Well in advance of opening  reconditioning batteries business in your town.

It is a good idea to see how strong the competition it is.

If there’s too much competition.

It may be wise to consider starting the business in a less competitive marketplace.

5. Look for Business Mentor

If you are seriously contemplating launching  reconditioning batteries business.

Be sure to learn from folks who are already in business

If you think owners of nearby auto batteries businesses will give you advice.

Think again. It’d be crazy for them to teach you the business.

However, a fellow entrepreneur who has started  reconditioning batteries business in a different city may be willing to share their entrepreneurial wisdom with you.

Once they realize that you are not going to directly compete with them in their community.

In fact, they are often very willing to share startup advice with you.

It can take a while to find an entrepreneur who is willing to talk, but it’s well worth the effort.

6. Get the available tools

This business requires certain tools and equipment.

You will need reconditioning chargers, hydrometers, electronic battery analyzers, drills, battery additives.

And load testers just to mention a few.

You’ll of course need furniture too.

So you’re seriously considering buying reconditioning batteries business.

Rather than starting one from scratch. Smart move.

Yet the process of buying  reconditioning batteries business introduces a new set of challenges.

As you would expect, there are a number of steps in buying a business.

For most prospective business buyers, the first step is to contact a business broker.

A good business broker serves a number of useful purposes.

From locating available companies to helping seal the deal.

Your broker will have the experience and skills to help you successfully navigate the purchase process.

7. Register Your Business

Once you have a franchise/own store ready.

Be sure to have yourself registered With the Internal Revenue Service.

And other appropriate government agencies.

This will help you avoid the dreaded and unwanted legal trouble with the government.

Which will greatly hamper your operations and reduce your financial capabilities greatly whether you’re a new businessman or not.

Also, by being duly registered with the government.

You can depend on the full protection and privileges accorded by the law.

8. Get Your Store Ready

Now that you’ve taken care of the legal hurdles.

It’s time to start getting down to business.

First, you have to set up your store.

Since your business depends greatly on consumer purchases.

You should take consideration the location of the shop.

As much as possible, you should position it strategically.

That is, where you’re intended market can see your shop.

You should start populating your shop as well.

Hire some dependable persons to serve as your sales and customer service staff.

This can be composed of family members but can include other people as well.

As long as you trust them, and they can work well.

Then they can surely pass as salespeople that will be responsible for selling your products over to your customers.

It wouldn’t hurt to keep an eye regularly at how things are going for your business, however.

9. Be honest about the business

To be honest, this business of restoring old or dead batteries is not as easy as many think.

But actually everything good comes with a little hard work.

However, with the right resources and a few tools anyone can do it, and excel at it.

The business involves dissolving acid crystals that have built up on the battery’s lead plate.

There are certain chemicals used to do this.

Once the acid crystals have been cleared from the lead plates, the battery’s efficiency is restored.

As stated, this process involves a little bit of hard and dirty work, but it really does pay in the end.

10. Know the obligations

Like every other business venture, there are a few obligatory steps you must take.

Before you launch your battery reconditioning business.

You’ll first need to get a good grasp of what the entire process entails.

Basically, you will be restoring old batteries from cars and other motorized devices.

Such as golf carts and marine vessels.

As well as batteries used in wheelchairs and surgical devices in hospitals.

Your job will be to seek for old batteries.

Clean and restore them then reselling the batteries with a limited warranty.

You have a choice of restoring batteries for car owners at a fee too.

The battery restoration industry is quite wide, although rarely well exploited.

Read also: how to start a battery retail business

11. Know the profit potentials 

With a little passion you can go far.

One thing we can say about this business is that its potential profits will get you really interested.

You can contact someone who does it for a living or scour the web for more information.

12. Avail yourself on training

Equipping yourself with the right knowledge and resources will be of great advantage.

There are very useful guides you can buy and study to get an easy start.

You don’t need any certifications or formal qualifications to start a battery reconditioning business.

All you need are skills, knowledge.

And a passion to provide high quality services to your clients.

Some of the core skills you’ll need to learn include removing battery banks, measuring the charge capacity, restoring dead cells, and much more.

You can learn most of these skills in a matter of days if you have the right guides or a comprehensive course on this topic.

Alternatively, you can decide to take the long route of finding a seasoned expert in the field and convincing him to teach you the ins and outs of the business.

13. Get registered

You’ll obviously need to register your business.

And fulfill all the legal requirements that are obligated to meet in your state.

Register a relevant business name and get the necessary licenses.

If you have never registered a business consult your local agency.

For more information about business registration requirements.

Battery Reconditioned Business     

14. Get a nice location

The best thing about this business is that you can run it from your home.

However, if you have young children.

Your home may not be the safest place to work on damaged or old batteries.

That have potentially harmful chemicals and gases.

You can dedicate a safe place for the business within your compound.

Away from children and visitors, especially if you are starting out.

If you can afford to lease a safe facility with electricity and other amenities.

Go ahead and start your business like you should.

15. Know the challenges

Ask every business owner what is the most challenging aspect of business today.

And they’ll tell you marketing.

Take it from us, you won’t be the only one reconditioning batteries in your city.

So find ways of rising above the competition and getting loyal clients.

There are many strategies for reaching out to potential customers.

Battery Reconditioned Business     

16. Marketing process

Having taken the previously discussed steps, it’s time to open your doors for business.

You can adopt strategies for reaching out to potential customers.

Such as distributing business cards, handbills, and stickers.

As well as advertising in local newspapers.

You can also reach out to customers via the internet.

By advertising on online platforms often used by your target customers.