Electronics Repair Business

Electronics Repair Business Success Stories [2024]

Pat Walls

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Updated: October 6th, 2024

The electronics industry itself is worth more than $2 trillion. And electronics repair is a lucrative business that can be started with little to no money.

One of the most important things an electronics repairman must do is to make sure they have the right tools and equipment for the job. This will include everything from soldering irons, wire cutters, screwdrivers and more. A good way to save money on these tools is by buying them used or refurbished.

It's also important for an electronics repairman to have a solid understanding of how electronics work, including the basics of circuit boards and electricity, so they can troubleshoot problems and fix them as efficiently as possible.

In this list, you'll find real-world electronics repair business success stories and very profitable examples of starting a electronics repair business that makes money.

1. Retro Radio Farm ($48K/year)

Allen Chiang, founder of Retro Radio Farm, came up with the idea for his business when he stumbled upon two old radios at a flea market in 2012. Despite having limited knowledge of radio repair, Chiang taught himself how to fix and restore these radios, eventually turning it into a profitable side business. With a growth rate of 20% every year, Retro Radio Farm is steadily increasing its revenue, although it has not yet reached a level that would allow Chiang to quit his full-time job in IT.

How much money it makes: $48K/year
How many people on the team: 2

Finding and Repairing Retro Radios Turned into a Successful Side Hustle

Retro Radio Farm founder, Allen Chiang, earns $50k per year as a side business restoring old radios and offering Bluetooth MP3 upgrades, with the business growing 20% every year.

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