Cell phone services are used by millions of people everday.
Entrepreneurs seeking to infiltrate the cell phone industry will find stiff competition. They will be competing with very credible cell phone service providers that are already established such as Sprint, AT&T and Verizon Wireless. However, this should not deter anyone from attempting to become a cell phone service provider considering the high potential for lucrative profits.
Instructions
Decide on a Plan of Action and Execute
1. Decide on a plan of action. To become a cell phone service provider, you have to obtain a spectrum license or find and utilize a Mobile Virtual Network Operator (MVNO). Bidding for a spectrum license at the Federal Communications Commission auctions is expensive and small businesses often find themselves dependent on the backing of larger corporations. In many instances, national cell phone service providers team with small businesses to obtain the majority of their spectrum licenses. Because of this, the most economical choice is to find and utilize an MVNO .
2. Choose an established mobile network provider to host your cell phone service. Construct a business plan that outlines your targeted market, proposal for profit, and a thorough SWOT analysis for your chosen MVNO. A SWOT analysis is important because it illustrates the strengths, weaknesses, opportunities and threats associated with your proposed business venture to become a cell phone service provider. A SWOT analysis is also an important tool for forming realistic long-term and short-term goals for the business.
3. Agree to the terms set in a commercial contract agreement with the mobile network that approves your business plan/proposal. This agreement allows you to utilize the hosts' network and informs both parties of the financial obligations and duties. Be sure to research any regulations set by the industry to avoid all potential penalties.
Tags: cell phone service, phone service, cell phone, become cell, become cell phone, phone service provider, SWOT analysis
