Wireless Toyz vs Boost Mobile Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Wireless Toyz vs Boost Mobile including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$190,000 - $300,000 | N/A |
Franchise Fee |
$30,000 | N/A |
Royalty Fee |
13% | - |
Advertising Fee |
- | - |
Year Founded |
1995 | - |
Year Franchised |
2001 | - |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
$10K | - |
Business Experience Requirements |
Experience |
General business experience | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/No | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | - |
Support |
Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
US Expansion |
Yes | - |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About Wireless Toyz
Founded in 1998, Wireless Toyz has become the most unique concept in the retail wireless industry. Unlike other retailers that carry only one or 2 carriers, Wireless Toyz decided to design and market a different kind of wireless store that would be dedicated to offering customers almost every cellular and satellite provider in one location.
Customers love our one stop shopping locations as they're able to find the best provider to fit their personal and business needs. We've negotiated a non-exclusive contract with Nextel, Sprint, AT&T, T-Mobile, Verizon, Dish Network, and Direct T.V. We also offer regional carriers such as Alltel, Einstein PCS, Cellular One, AirTel and 3 Rivers. Our concept has propelled Wireless Toyz to the front as one of the largest non-exclusive wireless retailers in the country. After opening our first location in 1998, less than twelve months later, Wireless Toyz had opened multiple locations throughout Michigan. In September 2001 Wireless Toyz began franchising to entrepreneurs who wanted to own their own store. By July 2003 Wireless Toyz began offering Master Franchise programs to companies who wanted to dominate a particular market.Wireless Toyz continues to develop a very unique and innovative structure for marketing cell phones and satellite TV. In the past, cellular phones could only be purchased from single Wireless Toyz stores or large chain stores.
Wireless Toyz has created an ideal alternative, which focuses on:
*Multiple carrier stores
*Expert customer service
*Knowledgeable Wireless Experts
*Competitive pricing
*The largest selection of cellular phones, satellite systems and accessories in the industry.Wireless Toyz caters to their customers through many innovative programs such as referral credits, volume purchase discounts, and much more. Wireless Toyz leads the retail cellular industry by putting the customer first. Wireless Toyz continues to prove that multi-carrier stores provide an incredible income and growth opportunity.
About Boost Mobile
Advantages of joining the Boost Mobile Select Retailer Program
*No franchise agreement and no fees. Being a select retailer gives a multi-store owner the opportunity to make a six-figure income.
*Receive a fast return on investment with your low-cost initial investment.
*Earn competitive compensation through activating new customers, in-store and credit/debit card customer payment, accessory sales and residual income from new customers you sign up.
*Sell select newly released devices weeks before other dealers. You can also be the first in line to have inventory set aside for your store location.
*Have access to high-quality fixtures and signage, demo devices and brand-approved promotional materials to give your store a best-in-class experience.
How to Become an Authorized Boost Mobile Dealer
If you're in the retail telecommunications business, becoming an
authorized Boost Mobile dealer may be beneficial to your company. At the
time of publication, Boost provides name-brand cell phones and
accessories to more than 20,000 major retailers nationwide and
no-contract services as low as $50 per month. In fact, the corporation
states that it was recognized by J.D. Power and Associates as the
highest-ranked customer service performance and purchase experience
provider among its peers.
1. Familiarize yourself with Boost Mobile products and services. Visit the Boost
Mobile website to explore products, plans and accessories and get an
idea of which items you'd like to sell.
Navigate to the "About Boost
Mobile" and "FAQs" pages to read company overviews and frequently
asked questions. Investigate recent consumer reports to determine which
products will generate the best profit margins for your business.
2. Compose a letter of interest. On company letterhead, compose a formal letter of
interest and inquire as to how you would go about applying for dealer
authorization. Enclose a brief summary of your business and the Boost
Mobile products you are interested in retailing. Include all of your
personal and business contact information, such as your name, physical
address, business phone number, website address and email address.
3. Email your inquiry to the
Boost Mobile corporate sales team. The "Contact
Info" page of the
Boost Mobile website suggests emailing the corporate
sales team to obtain application instructions from a sales
representative. Copy and paste or attach your letter of interest to an
email and address it to
[email protected] to deliver your inquiry to
the appropriate department.
4. Wait to hear from a Boost Mobile sales representative. You will likely
receive an instant automated email from Boost Mobile to verify that your
letter has been received. Within a few business days, you should
receive a phone call or an email from a Boost Mobile sales
representative to go over your needs and explain the application
process.
5. Complete a dealer's application and submit it with all applicable
documentations. You might be required to submit copies of your business
documents, such as and tax identification numbers, licenses and proof of
product liability insurance. Fill out the application in its entirety
and gather all requested documentation to submit with your application
package. Wait for a letter of approval.
6. Start ordering Boost Mobile products for your inventory. If you're accepted
as an authorized Boost Mobile dealer, you'll receive a letter of
approval with further instructions. This letter is usually followed by a
call from a sales representative to welcome you aboard and outline the
ordering process. Begin ordering products for shipment.