Business idea: installation of a smart home
The popularity of Smart Home has been growing since about 2021. As the number of manufacturers increases, the cost of devices decreases. Therefore, Smart home is becoming more and more affordable for the average consumer, although earlier it was mainly wealthy people who were engaged in its installation. And the business associated with the installation of a turnkey Smart Home is becoming more and more relevant. What are the initial investments needed? None! The first money will be needed only when the first client appears.
The main advantages of such a business:
- high relevance - demand is growing every day;
- no initial investment;
- large market;
- reliability - residential real estate has been built, is being built and will be built at any time;
- low competition - the existing installers are used to doing expensive things, but the market wants something different.
What you need to install the Smart Home: 1. a wish; 2. know what equipment to use; 3. know what software to use; 4. know how and what to lay the wiring; 5. promotion / lead generation; 6. site; 7. communication / understanding of the client's wishes; 8. patience; 9. knowledge of legal issues; 10. solution of financial issues (break into stages).
1st brand equipment can be used, for example, Z-Wave.
- setup process is easier;
- no need to bother with additional software.
- very few manufacturers produce devices for all Smart Home functionality;
- the equipment of such manufacturers is very expensive, which greatly reduces the number of potential customers.
Different brands of equipment can be used (for example, Xiaomi devices - which are inexpensive, stylish and reliable - can be combined with devices from other manufacturers)
- greatly reduces the cost of the project and, as a result, increases the number of clients.
In fact, quite a large number of people do business from the comfort of their homes. Although, in the business environment there is still no consensus on whether, for example, the same freelance can be called a business. But in our opinion, the name is not the essence of the issue. If a person at home is able to receive a stable and good income, then what's the difference how to call it and what is the fundamental difference from an entrepreneur sitting in an office. More ▼
But can a business at home suit everyone and what are the nuances and peculiarities of this kind of entrepreneurship? What are the pros and cons of a home business? Let's try to figure it out together.
What are the disadvantages of a home business?
Home business, with all its positive aspects, does have some limitations and disadvantages. All the same, an apartment or a private house is primarily a place of residence. Not everyone manages to combine home space and business activities.
What are the benefits of doing business at home
The benefits of a home business are clear in many situations. If you do not initially set overestimated requirements for the results of entrepreneurship at home and understands some of the disadvantages of working at home, then it is quite possible to achieve a stable and good income.
If we talk about home business in general, we are talking more about micro and small businesses. As a rule, one or two people are employed in this form of entrepreneurship, if it is a family business. As commercial activity reaches a certain level, it is often impossible to do without hired employees. There are only 24 hours in a day. And no matter how hard the entrepreneur tries to cope with everything alone, there is a certain limit of physical capabilities. And by and large, commercial activity can fully be called a successful business only when the business is already operating independently and does not depend on the personal participation of its owner. At the same time, running a business at home is a good opportunity to test some business idea for viability. If in this format it will bring good income, then it makes sense to think about scaling the business.
Who is home business for
Students and retirees, young mothers on maternity leave, designers, planners, marketers, translators, programmers and dozens of other categories of people and professions can do business at home. A whole army of freelancers prefers to work at home and hates offices and corporate formats. Perhaps all these people are united by a certain psychotype, the desire for comfort and coziness, as well as the unwillingness to lose their freedom and obey corporate rules and standards.
The home business format is excellent for those spheres of activity that do not require regular and direct communication with clients, and are also minimally related to the sale of tangible goods. In general, a home business shows itself best in the field of intellectual and intangible services, as well as for Internet businesses.
Which types of home businesses are the most popular
The list of home business ideas can be very long. If we take the classifier of professions and open the section from the service sector, then the lion's share of types of entrepreneurial activity can be conducted at home. And after the rapid development of Internet technologies and, in fact, the emergence of whole layers of new professions and business activities, the list of home businesses has become even wider.