Smart Devices Business

2 Smart Devices Business Success Stories [2024]

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Updated: September 6th, 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.

In this list, you'll find real-world smart devices business success stories and very profitable examples of starting a smart devices business that makes money.

1. ProjectorScreen.com ($20.4M/year)

Brian Gluck, the founder of ProjectorScreen.com, came up with the idea for his business after identifying an opportunity in the projector screen market. After working at a catalog company and growing their B2C channel to a $4 million/year business, he decided to start his own company focusing on projector screens. Despite facing a lawsuit from his previous employer, Gluck successfully launched ProjectorScreen.com, which has experienced tremendous growth and averages over $1 million in sales per month in 2021.

How much money it makes: $20.4M/year
How much did it cost to start: $5K
How many people on the team: 12

How I Bootstrapped A $12M/Year Projector Equipment Business [eCommerce]

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.

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2. SFKshop ($216K/year)

Nick Sfikas, the 21-year-old founder of SFKshop, came up with the idea for his eCommerce store when he saw an opportunity to help his dad transition from his outside job as a garage door installer to a more comfortable job. With his background in web development and digital marketing, Nick saw the potential for a 7-figure business selling smart home appliances and garage door motors online. Despite facing challenges in the first 6 months, SFKshop is now turning over $17,000 a month and has plans to expand its product range and increase its marketing efforts in 2021.

How much money it makes: $216K/year
How much did it cost to start: $1.5K
How many people on the team: 3

How I Started A $18K/Month Smart Home Appliances Online Store

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.

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Read by 5,710 founders