7 Smart Home Camera Business Success Stories [2024]
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
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.
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?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
4. TechRadar
The latest technology news and reviews, covering computing, home entertainment systems, gadgets and more
Where they're located: Saint Paul, Minnesota, USA
5. D-Link
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
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?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
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
- 4,818 founder case studies
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings