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The big question is if starting a security installation company a good idea and what are the likely challenges that might be encountered. I can give you my own opinion about the business and also potential opportunities in the near future. The likelihood of it being a sustainable long term business is something you have to discover based on your desire.
You have to ask yourself these important questions. Is it a business you are passionate about doing? Is it a business you see yourself doing for a while and having fun at it? Therefore if your answer is positive, here is my opinion.
Like many other businesses, competition is huge with so many varieties in terms of products that you can market and introduce therefore it is important to select the quality and type of products you are comfortable with. Most new products are usually now centered on internet networks, therefore it has become necessary to use information technology as a bridge between security products and mobile devices.
Other questions you need to know is how to position yourself in the market and what makes your business unique? What value are you adding to your customers? Overall what makes you totally different from the competitor? What do you need to do that would you repeat business?
It would also be important to determine the major challenges businesses are having and to know if security is even one of their major issues. It is common knowledge that business usually has growth and cash flow issues and they would lol like to see a significant rise in revenue. How can IT and security cameras be used to achieve these objectives
For example you can help a client hat owns an event centre generate revenue from streaming live events to their website so that people that could not attend can watch live and socialize over the internet at a fee, you can also look at how those cameras installed can complement the security at the clients event centre.
Another example is that clients that usually have their security personnel at various locations even at low human traffic periods can have cameras located at these locations and have a central command area where the cameras can be monitored by less security personnel which ultimately would reduce cost in terms of general operations, salaries and wages.
I would look towards the integration of all the various elements that would guarantee you an effective and efficient security system. It is important to focus on the security issues with applicable solutions and aim to be significantly better than the competition.
You would also look at making recurrent revenue by providing a live monitoring service for your clients in which you would provide them with equipment and services on a contract basis and have them sign up or subscribe for two to three years at a time. You can either run it yourself or outsource the Management to another company.
So back to the question is it a good idea to start the business? The reality is that in the world today, security would continue to be a big and growing business with more opportunities for growth, and there are still many security installers that are not looking at applying new technology to solve their clients ever changing security issues. If you can apply technology in the right way to solve these security issues, it then becomes a remarkable idea.
Competition would always exist but the market is also big enough especially for someone that is innovative and is ready to bring fresh ideas in order to have competitive advantage. Getting a good website is the beginning of your marketing campaign. If you need help in achieving this objective, am happy to assist and guide you in the right direction.