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How to Start a Battery Reconditioning Business |
Are you interested in starting a battery reconditioning business? Do you need a sample battery reconditioning business plan template? Then I advice you read on.
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 at the same time. 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 lead plates of batteries. This improves the efficiency of the batteries and gets them back 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 profit potential of the battery replacement industry, as well as other important details about the business. You can either contact someone with years of experience in the business or search the web for relevant information.
By taking this step, you will understand the shortcuts to success in the battery reconditioning business as well as the challenges and pitfalls associated with the business.
2. Learn the required skills
While you need no formal qualifications or certifications to start a battery reconditioning business, you need to learn the skills required to render high quality services. These skills include how to disassemble and remove battery banks, how to rejuvenate dead batteries, how to measure a battery’s charge capacity, how to 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 either 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 the goals and objectives of the your business, 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.Having 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 certain legal requirements, which vary by state and country. Typically, you will be required to register your business name and obtain certain licenses and business permits. Contact the appropriate local agency to find out the requirements that apply 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, then you should lease a good facility for running your business. However, you must ensure that there is adequate electricity supply in that location, and ensure as well that it is close to places where you can get your supplies easily.
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 additive, drill bit, glue gun, and so on.
Other equipment that you will need include a point-of-sale system for receiving payments, furniture, and so on.
7. Market your business
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.
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