Service & Repair Business Is Booming
February 17, 2009
People who are in the service & repair business are seeing marked increases in their demand for their goods and services. More and more people are choosing to go the repair route rather than buy new. As the recession continues to worsen, this trend will rise even more.
The repair business is seeing growth in several areas. Many car dealerships have been able to offset slumbering sales by seeing an increase in car repairs requests. Simply put, auto repair is booming. Also, leather repairs shops (Cobblers) are seeing the greatest growth in their cobbler business in well over 30 years. This is because many people are choosing to get their dress shoes, boots, belts, purses and other leather goods worked on rather than getting a newer model. However, the growth in this business will extend to other areas in the near future.
One of the most popular areas will be in computer repair and bigger appliances. For those looking to find a quality side business, these are good places to look. Both will be in high demand for the next five years and you can usually get the education you need in 6 months to a year’s time. For example, you get the appropriate education by going to a vocational school or working as an electrician apprentice. With the rise in recent demand, you should have little difficulty finding a mentor. For computer repair, many people have been self taught and if you have an interest in this area, you can find this business to be very lucrative as a home computer has become a necessity for most people.
If the repair business is not your cup of tea, another growing area is consignment. A number of clothes retailers have already made some accommodations to their sales floor to compete. These changes have been the inclusion of used clothes sold on consignment. As the recession continues to squeeze people’s budgets, you will see more and more value shoppers looking for these deals. A business opportunity has opened up for those who deal in consignment. You can expect consignment will carry over from used clothes, appliances, and even toys.
Naturally, these areas will benefit discount retailers and those who currently can gain access to used goods at little to no cost. However, these are small barriers to entry that many enterprising people can overcome. One easy way to get goods on the cheap is to visit garage sales, estate sales, and flea markets. Popular items in these venues can include dvds, books, video games, and toys. Many of these items can be found at garage sales and estate sales and sold at flea markets or online through your own site or through sites like Amazon.com, Ebay.com or Ebay’s Half.com.
As you can see the service & repair business is alive and doing very well. Maybe it is time for you to give it a closer look.