In the face of increasing crime, it is almost necessary nowadays to have some kind of home security. The installation of security cameras is extremely lucrative, usually has a high demand and requires very little skill and capital to get involved. This is a great first company to familiarize you with important principles such as customer management, marketing tactics and scheduling.
Strengths: Strong market, easy to do, big profit margin, no upfront costs.
Weaknesses: Marketing a new company, time-consuming.
Opportunities: Ability to grow fast, to provide secondary services.
Threats: Established companies, outsourcing of employees.
Supplies are needed
- Camera set
- Car / transport
Choose your cameras
A basic system consists of 3 main things, the cameras, the recorder and the screen. I would strongly recommend buying your cameras either from Costco or AliExpress, as this will be drastically cheaper.
Camera systems are usually supplied with 4 or 8 cameras. You can either offer two types of packages that allow you to target both small and large apartments, or you could offer only 8 cameras that would simplify the ordering process for the customer. You will also notice that cameras are either wired or wireless, while they both have their pros and cons, if you do not have the technical know-how I would make with wired cable.
As I mentioned, cameras are either wireless or wired. For wireless cameras, make sure they are within range of the access point, or you have a mottled connection or can not connect. Wired cameras are extremely easy to set up because normally only connections are possible. Camera> Cable> Box. In my experience, most wired security systems have software that does not require any kind of setup and should turn out to be out of the box (apart from changing the time and date).
This will depend very much on where you come from and what you can do with the recharge. First we have to choose which cameras we want to use. I have chosen THIS setup, which costs about $ 450. For convenience, a monitor can cost $ 250. Next we have to set a price. After comparing different prices online, I came to the conclusion that $ 1,200 is a good price for my region.
Let's do some numbers.
Total profit: $ 1200
Total cost: $ 650
Net profit: $ 550
I would strongly recommend that you only buy the cameras once you have signed and paid for the contract. That way, you can save virtually all of your initial investment by earning 154% of your purchase. If you decide to buy the cameras before you are paid, it is advisable to make a down payment, or you may consider your first purchase as a business purchase to increase your inventory. As a secondary service, it is also possible to set up a service to monitor and notify customers of suspicious activity. Normally only an internet connection is required. This could be a great addition that can generate a steady cash flow.