Business Idea: Start A Smart Devices Business in 2024
Looking to tap into the future of technology-driven living? Consider starting a smart devices business.
This involves creating, sourcing, or retailing intelligent gadgets that can automate everyday tasks—from lighting and heating to security and entertainment. With the growth of the Internet of Things (IoT), the demand for smart homes and offices is only going up.
For this venture, you'll need a blend of technical know-how, market research skills, and a keen eye for innovation. Whether you decide to design your own products or source and sell existing ones, there’s a lot of scope to carve out a niche.
The investment can vary, but the payoff is a slice of an industry set to boom. If you have a passion for tech and a solution-oriented mindset, stepping into this business could be a savvy move.
Revenue & Profitability
How much do smart devices businesses make?
Startup Costs
How much does it cost to start a smart devices business?
- It can cost as low as $1,500 to start a smart devices business.
- It can cost as high as $50,000 to start a smart devices business.
Learn more about the costs of a smart devices business.
Examples Of Successful Smart Devices Businesses
Successful smart devices business businesses and case studies
ProjectorScreen.com has experienced an average growth rate of 40%-60%, averaging over $1,000,000 in sales per month in 2021, focusing primarily on the mid-to-premium market, selling projectors, screens, and related audio-visual equipment to both the residential and commercial markets, while distinguishing themselves as an unparalleled source of pre-sales advice and post-sale customer support.
A 21-year-old student from Athens who runs an eCommerce store selling garage door motors in Greece has managed to achieve a turnover of $17,000 a month despite being only 6 months old, which he hopes to boost through increased growth of garage door accessories under his own brand.
See full list of successful smart devices businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
