5 Hot Mobile Phone Business Start Up Opportunities

Mobile Phone Business Opportunities

Hand holding a mobile, cell phone, smart phone
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Starting a mobile phone or cell phone business can be a profitable business opportunity in a growing market. At the Consumer Electronics Show, Dr. Eli Harary stated, “the mobile phone market is the mother of all growth markets.”

Cell Phone Business Market - No Longer Luxury

How big is the cell phone wireless market?

The boom in mobile phone usage expands around the globe covering all income spectrums.

A cell phone is no longer an expensive business luxury or status symbol but a necessity for many.

Companies from all industries and markets are vying for a share of a large and ever-growing mobile pie including RIM, Apple, Microsoft, and Google. With a flood of large competitors, is there room to start a mobile phone business?

Big business means big investments in technology and infrastructure to further build out the business. For the small player, the opportunity to start a cell phone business exists on the fringes or niche markets.

Mobile Phone Business Driven by Smartphones

Fueling the growth of the cell phone market is the evolution of standard cell phones to smartphones capable of more than a simple phone call.

Smartphones allow users to browse the Web, get GPS directions, listen to music, share photos and other forms of social networking, use email and run applications such as games and more.

Opening a retail cell phone store is one route to get into the business. However, retail can be an expensive, competitive, low margin game. Alternative business opportunities exist for the mobile business.

5 Hot Mobile Phone Business Opportunities

The hottest opportunities to start a mobile phone business include:

  • Mobile Marketing: With more than six billion mobile phones around the world, the potential is huge. Spending on mobile ads is only a small fraction of the $500 billion ad market, but the growth potential is huge.
  • Mobile Phone Apps: Third party applications ranging from business productivity to game downloads offer a viable business opportunity. Simple apps like Ocarina allowing iPhone users a way to turn their phone into a wind instrument is a top 99 cent download. Apple, RIM, and other companies provide a third party application developers fund to fuel investment in the app development market.
  • Mobile Web Design: Some websites are mobile ready but many are not. The challenge of fitting web pages on tiny screens for multiple devices with easy navigation is a market need that's rapidly expanding.
  • Location Based Services: Cameras in the phone were a killer application but now having GPS (Global Positioning Satellite) on the mobile phones provides a host of new business opportunities having to do with the ability of the GPS to provide services with the location of the user. How does this work? You're walking past a department store and you get an alert that an item you've bought before is available there on sale. 
  • Accessories: From fashion conscious teens to savvy soccer moms, the need to customize, personalize and bling out your cell phone is a strong market. Smartphones Experts, a network of mobile phone e-commerce stores, grew from under $500,000 in revenue to over $16 million in 3 short years. What's your mobile phone accessory idea? There is room for many more.