MY BUSINESS IDEA
GUESS MY NEW
BUSINESS IDEA
AN ICECREAM SHOP
A SPACE CAB
A NO ANIMAL
ZONE(COS IM
SCARED OF
ANIMALS)
A SMART HOME
IMAGINE IF
YOUR HOME
LISTENS TO YOU
IS COMPLETELY
SECURE
WORKS
ACCORDING TO
YOUR NEEDS
TAKES CARE OF
YOUR NEEDS
Crazy right? But that’s what I am here to talk about. I want to
pitch an idea, a futuristic home environment for our upcoming
generations. As time passes, our world is dreaming big –
automated cars, colonisation on mars etc. Then why not think of
smart homes!
This home is a boon especially for working women. In india, it’s a
age-old belief that women are the ones who are responsible for
all home chores and managing their household. Things have
changed now but I still believe that we need to help the world
build smart homes so that people could live comfortably.
INTRODUCING YOU TO SMART
SPACE!!!
“EASE AND GRACE, IN EVERY
SPACE”
WHAT CAN THIS SMART HOME GIVE ME?
1. HOME AUTOMATION
a) Lighting Control : Automate and remotely control lights, set
schedules, and create ambiance with adjustable brightness
and color.
b) Climate Control : Manage heating, ventilation, and air
conditioning (HVAC) systems with smart thermostats that
learn preferences and optimize energy use.
c) Appliance Control : Operate kitchen appliances, washing
machines, and other household devices remotely or via
voice commands.
2. SECURITY AND SURVEILLANCE
a) Smart Locks : Control door locks remotely, provide temporary
access codes, and receive notifications about door activity.
b) Security Cameras : Monitor your home in real-time, receive motion
alerts, and store footage in the cloud.
c) Doorbell Cameras : See and communicate with visitors at your door
through a connected device, even when you’re not home.
d) Alarm Systems : Integrate with smart sensors for doors, windows,
and motion to alert you of potential intrusions.
3. ENERGY MANAGEMENT
a) Smart Meters : Track energy usage in real-time, identify
high consumption periods, and receive tips for reducing
energy bills.
b) Automated Energy Systems : Optimize the use of renewable
energy sources like solar panels, and manage energy
storage and distribution efficiently.
4. ENTERTAINMENT SYSTEMS
a) Multi-Room Audio : Control music playback throughout the
home, with options to play different audio in different
rooms.
b) Smart TVs and Streaming :Integrate with streaming
services, voice assistants, and automation systems for a
seamless entertainment experience.
c) Home Theaters : Automate lighting, sound, and display
settings to create an immersive viewing environment.
5. VOICE AND REMOTE CONTROL
a) Voice Assistants : Use devices like Amazon Echo, Google
Home, or Apple HomePod to control smart home features
with voice commands.
b) Mobile Apps : Manage all smart home devices from a single
app on your smartphone, regardless of your location.
6. HEALTH AND WELLNESS
a) Air Quality Monitors: Track indoor air quality and receive
alerts about pollutants and allergens.
b) Smart Beds : Monitor sleep patterns, adjust mattress
firmness, temperature controlled and create optimal sleep
environments.
c) Fitness Trackers : Integrate with smart home systems to
provide health and fitness data, and even control workout
equipment.
7. CONVENIENCE FEATURES
a) Automated Shades and Blinds : Control window coverings
remotely or set them to adjust automatically based on time
of day or sunlight.
b) Smart Plugs and Outlets : Turn traditional appliances into
smart devices by controlling their power supply remotely.
c) Home Automation Scenes : Create and activate complex
automation scenes, such as “Good Morning” or “Movie
Night,” that adjust multiple settings simultaneously.
8. HOME NETWORKING
a) Mesh Wi-Fi Systems : Ensure strong and consistent internet
connectivity throughout the home.
b) Parental Controls : Manage and monitor children’s internet
usage, set screen time limits, and block inappropriate
content.
9. INTEGRATION WITH EXTERNAL
SERVICES
a) Home Maintenance Alerts : Receive reminders and alerts for
home maintenance tasks, such as changing air filters or
scheduling service appointments.
b) Ecosystem Integration : Connect with other smart
ecosystems, like car systems for seamless transitions
between home and travel.
10. CUSTOMIZATION AND SCALABILITY
a) Custom Automations : Create personalized automation
routines that fit your lifestyle and preferences.
b) Expandable Systems : Easily add new devices and features
as technology evolves and your needs change.
WHAT COULD BE THE BUDGET
FOR A SMART HOME
PRODUCTION?
LARGE SCALE PRODUCTION:
₹40,00,00,000 - ₹80,00,00,000+
BIG NUMBER RIGHT, BUT AFTER ALL IM
JUST AN 18 YEAR OLD I CANT REDUCE
THE PRODUCTION AT THIS STAGE…
LET US NOW LOOK INTO HOW CAN WE
MAXIMISE PROFITS
1. PRODUCT DIFFERENTIATION
(i) Innovative Features : Develop unique features that set your
products apart from competitors, such as advanced AI
integration, superior security features, or enhanced energy
efficiency.
(ii)User-Friendly Design : Ensure your products are easy to
install and use, appealing to a broad audience.
2. COST MANAGEMENT
(i) Efficient Manufacturing : Optimize your manufacturing
processes to reduce costs. Consider partnering with
experienced manufacturers or investing in automated
production lines.
(ii)Bulk Purchasing : Source components in bulk to benefit
from economies of scale.
3. STRATEGIC PRICING
(i) Competitive Pricing : Set competitive prices while ensuring
a healthy profit margin. Use tiered pricing models to cater
to different customer segments.
(ii)Bundled Packages : Create bundled packages that offer
better value for money, encouraging customers to buy
more products together.
4. STRONG CUSTOMER SUPPORT
(i) Excellent Service : Provide top-notch customer service to
build trust and encourage repeat business.
(ii)Loyalty Programs : Implement loyalty programs that reward
repeat customers and encourage word-of-mouth referrals.
5. LEVERAGING DATA AND AI
(i) Predictive Maintenance : Use data analytics to predict when
customers might need upgrades or replacements, and
proactively market to them.
(ii)Personalized Recommendations : Offer personalized
product recommendations based on customer data and
behavior.
6. SUSTAINABLE PRACTICES
(i) Eco-Friendly Solutions : Develop products with energy-
saving features and sustainable materials, appealing to
environmentally conscious consumers.
(ii)Green Certifications : Obtain green certifications to
enhance your product's appeal and justify premium pricing.
7. DATA MONETIZATION
(i) Usage Data : Collect and analyze usage data to understand
customer preferences and improve products.
(ii)Partnerships : Monetize data by partnering with third-party
companies, ensuring customer privacy and data protection.
HERE ARE SOME PHOTOS OF HOW A
FUTURISTIC
HOME MAY LOOK LIKE
