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How to Start a Battery Reconditioning Business |
Technology always presents new opportunities to make money. And one of these hot new businesses is the battery reconditioning business.
The battery reconditioning business is enjoying increasing demand because consumers are trying to cut costs and live green simultaneously. So, rather than buy a brand new battery that goes for about $75, they would rather save 50% of that cost by opting for a reconditioned battery, which costs around $35. They can also decide to have their old batteries reconditioned, thereby keeping the batteries from ending up in landfills and ultimately “hurting” the environment.
What type of batteries are we talking about here? 12-volt batteries, 6-volt batteries, solar batteries, deep cycle batteries, marine batteries, golf cart batteries, power tool batteries, forklift batteries…the list is endless. And so are the potential profits.
Battery reconditioning involves using certain chemicals to dissolve the built-up acid crystals on the batteries' lead plates. This improves the batteries' efficiency and restores them to good working conditions.
Frankly, this business involves hard—and dirty—work. But if you hate sitting at an office desk all day only to receive a fixed pay, then a battery reconditioning business is a good business option to consider. Would you like to tap from this rich, low-competition market? Then, follow these guidelines to start your own battery reconditioning business.
How to Start a Battery Reconditioning Business – Sample Business Plan Template
1. Learn more about the business
To further increase your passion for the business, you need to learn more about the battery replacement industry's profit potential and other important details about the business. You can either contact someone with years of experience in the company or search the web for relevant information.By taking this step, you will understand the shortcuts to success in the battery reconditioning business and the challenges and pitfalls associated with it.
2. Learn the required skills
While you need no formal qualifications or certifications to start a battery reconditioning business, you must learn the skills to render high-quality services. These skills include how to disassemble and remove battery banks, rejuvenate dead batteries, measure a battery’s charge capacity, revert a reversed cell, and so on.Learning these skills shouldn’t take more than a couple of days. In fact, if you are a fast learner, you will understand everything within a couple of hours! You can learn from a seasoned battery reconditioning expert or buy online information packages that teach these skills in a DIY format.
3. Write a business plan
This might sound unnecessary, but it’s not. Starting any business requires adequate planning, and battery reconditioning is no exception. You need to develop a comprehensive business plan that details your business's goals and objectives, market analysis, financial analysis and projected earnings, marketing strategies and unique selling points, and every other important piece of information about your battery reconditioning business.A business plan helps you start your business successfully and keeps you focused as you seek to grow your business and achieve your goals.
4. Fulfill legal obligations
Starting a business requires fulfilling specific legal requirements, which vary by state and country. You must register your business name and obtain specific licenses and business permits. Contact the appropriate local agency to determine the requirements in your state or country.5. Find a location
You can run your battery reconditioning business from home. However, you must dedicate a safe place for that, which must be out of reach to other people, especially children.Better yet, if you can afford the cost, you should lease a good facility for running your business. However, you must ensure that there is an adequate electricity supply in that location and that it is close to places where you can easily get your supplies.
6. Buy equipment
You will need certain equipment for your battery reconditioning services. These include battery reconditioning chargers, electronic battery analyzers, battery carriers, hydrometers, load testers, gloves and goggles, battery additives, drill bits, glue guns, etc.Other equipment you will need includes a point-of-sale system for receiving payments, furniture, etc.
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