7 Smart Home Camera Business Success Stories [2024]

Updated: November 19th, 2023
Start A Smart Home Camera Business

Consumers use smart home cameras to capture video of or around their homes. This can be done remotely via a smartphone. It can also be used for security purposes.

Starting a home camera business will require some investment, such as equipment, software, and other R&D costs.

The smart home camera market is on fire. The worldwide wireless home security cameras systems market size is projected to reach $18B by 2030. There's a new, exciting, and fast-growing business opportunity.

Here are some real life success stories of starting a smart home camera business:

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 they make: $12M/year
Current team size: 30

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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.

About
Yun started Wyze Cam over 6 years ago
Revenue
Yun grew the business to $1M/month
Read by 19,646 founders

So... can you actually make money with a smart home camera business?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. TechRadar

The latest technology news and reviews, covering computing, home entertainment systems, gadgets and more

Where they're located: Saint Paul, Minnesota, USA

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D-Link Makes your Smart Home Smarter, Safer and Truly seamless. Get started with our award-winning Smart Home technology, Whole-Home Wi-Fi, IP cameras, , and more today.

Where they're located: Dighalia, Dhaka Division, Bangladesh
Website traffic: 1.72M/month

article

So... can you actually make money with a smart home camera business?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Wyze

Wyze offers smart home cameras and devices packed with features at a price that is accessible for all. Wyze Cam includes 1080p full HD video, smart motion and sound alerts, and 14-day fee cloud storage at a revolutionary price of $20.

Where they're located: Portland, Oregon, USA
Website traffic: 1.77M/month

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