If you are interested in starting or expanding a wireless retail business, you should take a few minutes to read this information on how to open a Metro PCS store. You will discover vital facts on how to become an authorized dealer for MetroPCS products and services.
MetroPCS is a frontline mobile telecom network in the United States. They offer unlimited 4G LTE wireless services on the T-mobile network without charging any annual contract fees. Subscribers can enjoy unlimited plans, on a fixed monthly fee, for talking, text and data, without any hidden charges. This liberal cell phone plans enable subscribers to use the latest unlocked 4G smartphones from major manufacturers across the globe.
Since MetroPCS merged with T-mobile in 2013, the company has experienced faster growth and a higher demand for their services across the United States. Therefore, becoming an authorized dealer can offer you a unique opportunity to make good profits depending on your location and the demand in your area. Here is a brief outline of the steps you should take to open a profitable MetroPCS Store.
Do Preliminary Research
Before applying for MetroPCS dealership, study your location and its potential market demand. This is very important because your store is not exactly a franchise. You are responsible for marketing the service you will provide and you will enjoy the full profits when business is booming or bear all the losses if the business fails. That is why you need to make sure the area you are considering is not saturated and the potential demand is very high.
After making a brief study of the location and demand, you should study the basic requirements for dealership on the MetroPCS website. For instance, MetroPCS has certain basic specifications on the size of your business office and the space for signage. So you should be familiar with these basic requirements before you apply for dealership.
Secure Access to Capital
Ensure that you have access to capital or credit. The credit should be enough to start up, market and operate your store profitably. Capital and credit are easier to obtain when you have a good credit score and a well written business plan.
Apart from helping you to obtain credit, your business plan will serve as a guide and blueprint for your business. This plan should have projected cash flows for at least 3 years. Remember that a well written business plan is always a basic requirement for applying for credit from a bank or any other financial institution.
Set Up Your Storefront
Your MetroPCS store should be situated where you can earn the highest revenues from customers in the area. Apart from satisfying the statutory requirements for space and accessibility, you must also make sure that the area is not already saturated with alternative 4G providers and other MetroPCS dealerships. MetroPCS dealers are meant to be at least 2 miles apart from one another. So you need to find out whether the presence of another dealer within 2 miles from your store will not adversely affect your patronage and cash flow.
Apply for Dealership and Get Trained
After you have rented or leased a suitable business office, proceed to the MetroPCS website and fill the dealership form. In addition to standard personal information like your full name, company name, address, phone number and email, you will also be required to provide details about your desired store location, your experience with the wireless retail business, and your access to capital. Approval for dealership is at the sole discretion of MetroPCS, but if you provide enough information to show that you can successfully run a store at your chosen location, you will most likely be approved.
Training is mandatory for business owners and sales staff. You will also need to attend the company’s training course with your entire sales team before you open for business. If you are just starting out, hire the initial members of your sales team early. This will make it easy for you to attend the training sessions together.
Buy Merchandise and Launch Your Store
Finally, purchase MetroPCS merchandise including cell phones and accessories. There is a minimum quantity that you should buy to start off. In addition to your first batch of products, you will receive some promotional materials that you can display in your store and use for marketing.
This brief guide on how to open a Metro PCS store will make it easier for you to become a successful MetroPCS dealer. With careful planning and evaluation of the prospects for business growth in your location, you should be able to build a profitable retail wireless business with Metro PCS.