If you’re looking for a red-hot market capable of boasting both a proven track record and unrivaled scalability, look no further than the cellphone sector. In today’s digital climate, mobile devices play a key role in most societies across the globe. On a day-to-day basis, billions of people access their smartphones to communicate with one another and use the Internet. This burgeoning trend doesn’t look like it’s going to slow down any time soon (if ever!), which is why you should seriously consider starting your very own cellphone company.
Table of Contents
1. Get to grips with network architecture
To stand a chance at providing an optimized level of service in the cellphone sector, you’re going to need to get to grips with network architecture. This crucial element of the mobile web underpins the infrastructure of most modern cellphone networks. Understanding how it operates should, then, be one of your top priorities.
There are plenty of routes that you can take in your bid to expand your expertise in this sense, one of which being to enroll yourself in an online MS computer science course. In this type of educational program, you will be taught how to build both network channels and data communication networks. With this level of knowledge at your disposal, you will have the capacity to build sustainable cellphone infrastructure for your core consumer base.
2. Register your company
Once you understand the intricacies and nuances of modern network architecture, it’s time for you to get the ball rolling with your business venture. First and foremost, in this instance, you must take the time to register your company. This is a crucial stage of the inception process, as it will have a profound effect on the ongoing legality of your organization.
If you don’t want your company’s brand image to be tarnished by legal issues right off the bat, it’s highly recommended that you contact your state’s department for business and industrial strategy. Forging a connection with this governing authority is crucial, as they have enough jurisdiction to either help or hinder your ability to stay on the right side of the law.
3. Develop your business plan
Developing your business plan is the next important task that you will face in your cellphone company’s inception process. With this strategy at your disposal, you will find it much easier to set, manage, and review your overarching company goals. What’s more, having a business plan in place will also make your organization seem a lot more appealing to potential investors. Ultimately, this will stand you in good stead in your attempt to fortify your company’s financial foundations.
Do you want to develop a business plan that plays an active role in the sustained scalability of your cellphone company? If so, try putting the following advice into practice:
- Ensure that your business plan is clear, coherent, and concise
- Understand the wants, needs, and specifications of your target audience (investors, clients, consumers, prospective partners, etc.)
- Establish a number of short- and long-term SMART (Specific, Measurable, Achievable, Relevant, Time-bound) financial objectives
- Write your executive summary after completing your business plan (but remember to include it first in the actual plan document)
- Include an appendix that details any further information that you feel is audience-appropriate
4. Make contact with carriers
If you want to provide extensive cellphone coverage to a wide and diverse audience base, making contact with potential carriers is very much advised. Forging strong external connections in this instance is of the utmost importance, as doing so will allow you to carry established products that your target consumers will already recognize. This will have a profound positive effect on your brand image, which in turn will help you to build your authority in the cellphone industry.
Before you dive headfirst into deals with potential carriers, however, it’s highly recommended that you take some time to study the terms and conditions. Each carrier takes a different approach to retail, which is why you should explore your options, do your research, and seek to strike a deal that suits you.
Here are just a few cellphone carrier companies that you should consider making contact with:
- Verizon Wireless
- AT&T Wireless
- Xfinity Mobile
- Google Fi
5. Apply for re-seller authorization
No matter which of the above carriers you manage to strike deals with you won’t legally be allowed to retail their goods until you are granted re-seller authorization. Making this application sooner rather than later is, then, very much advised.
During this process, you will more than likely be required to provide evidence of your credit score; this will act as verification of your capacity to run a financially viable business. If for whatever reason, your credit rating currently leaves a lot to be desired, you might want to consider increasing this score before you get in touch with potential carriers and investors.
For comprehensive advice on how to improve your credit score in a quicker, efficient, and effective fashion, be sure to click here.
6. Establish your store location
Congratulations, your cellphone company’s inception process is nearly complete! However, you now have one final obstacle to overcome, that being to establish the location of your store.
You have two choices in this instance: retail from a physical brick-and-mortar location or sell your cellphone goods and services via a dedicated e-commerce platform. No matter which route you opt to go down, it’s recommended that you take your time when making this decision. In addition, your trading location will have an ongoing impact on your brand image, which is why you are advised to explore all of your options.