Security Installment Business

2 Security Installment Business Success Stories [2024]

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Updated: July 23rd, 2024

The security installation business involves providing security solutions to homes and businesses. This can include installing alarms, surveillance cameras, and access control systems.

To run this business, you will need a team of technicians trained in installing and maintaining security systems. You will also need to understand the different security technologies available and how they can be tailored to meet your client’s needs. In addition, you will need to have good customer service skills as you will be interacting with clients and helping them choose the best security solution for their needs.

There are several benefits to running a security installation business. Firstly, it is a growing industry with a high demand for security solutions. This means that you have the potential to build a successful and profitable business. Secondly, you can offer a valuable service to your clients by helping to protect their homes and businesses from potential burglaries and other security threats.

Finally, you can enjoy the satisfaction of knowing that you are helping to make a difference in your community by providing a much-needed service.

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

1. Wyze Cam ($12M/year)

Yun Zhang and his team at Wyze Labs, all former Amazon employees, identified the lack of affordable and user-friendly smart home products in the market. With their extensive knowledge of retail operations, they decided to create Wyze, offering high-quality smart home cameras and other products at disruptive prices. Since their launch in 2017, they have sold over 300,000 units and have fostered a thriving user community.

How much money it makes: $12M/year
How many people on the team: 30

Going Viral And Selling 300,000 Cameras In 6 Months

Wyze Labs' CEO and founding members, who met while working at Amazon, have successfully launched their first product, a smart home camera, in October 2017, selling over 300k units within the first six months, using a direct-to-consumer low margin, high volume model along with their strong relationships with suppliers in China.

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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 5,598 founders