Posts Tagged ‘entrepreneurial startups’
Monday, January 11, 2010 | Written by Jim Beach
Posted under: Entrepreneurship Stories |
Tags: entrepreneurial startups, ipod repair, success story |
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I wanted to share another Entrepreneur School success story with you. I have known Justin for 5 or 6 years, he has taken some classes from me, and we get dinner every once and awhile. He is a really good guy.
In the last six months, he has started an iPod repair business that is pretty cool. Justin buys bulk parts, broken technology, stuff from storage units, and any other stashes of iPod pieces. He was an engineering major of some sort, and has technology skills, but as far as I understand, he had no skills with iPods. Teaching himself through repeated practice, he has learned how to take iPods apart and fix them. He says there are only 10 or so things that go wrong with an iPod, and through practice, he has been able to learn to solve the various problems.
Now, the cool stuff. He still has his day job. He is making about $1,000 a month. He spends about 15 hours a week on the project. He is getting better and better at it and is able to fix the units faster and faster. He has a back inventory of about $15,000 of supplies (the broken units and various parts), so his supply chain is strong. He likes it and is having fun. He is fulfilling a growing need. Imagine filling an iPod with $2,500 of music and then dropping it in a pool or something!
He sells through an eBay store, which you can find at www.techrepairparts.com He is excited to accept your parts (cell phones, digital cameras, mp3 players, laptops, etc.) or to fix your iPod. You can reach him through the store or at techrepairparts@gmail.com
I love that he has listened to so many Entrepreneur School lessons. Do things you love. Reduce risk by keeping your day job. Build slowly as you gain skills. Sell through eBay to reduce costs. Great stuff and a great job by Justin.
Tags: entrepreneurial startups, ipod repair, success story | Posted under Entrepreneurship Stories | No Comments
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