Office Space Expenses

$0

$7,000

App Creation Costs

$1,099

$20,099

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$2,500

Website Costs

$13

$215

Training & Education Expenses

$0

$850

Total Startup Costs

$1,274

$33,558

IFTTT

ifttt.com

4,934

Tuya Smart

tuya.com

9,136

Home Controls

homecontrols.com

224,294

Savant

savant.com

235,481

Aartech Canada: Smart Home Products

aartech.ca

342,547

CSIA Exchange

csiaexchange.com

436,253

Which home automation

whichhomeautomation.com

565,770

Home Automation Australia

smarthome.com.au

571,517

Oz Smart Things

ozsmartthings.com.au

823,799

Link Interactive

linkinteractive.com

1,067,307

Super Home Services

superhome.com.au

1,270,869

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Rewarding work

Starting a home automation devices business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A home automation devices business gives people a reason to visit your website and to keep coming back to you!

No overhead costs

To get your home automation devices business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Crowded Space

Competition is high when it comes to your home automation devices business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Longer Sales Process

A home automation devices business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

Isolation

Often times, as a home automation devices business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a home automation devices business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.