There were days when your father would return from home in his vehicle and you would be eagerly waiting to open up the gate of your house to let the vehicle get it. With the changing time and technology those days have changed too and you don’t need someone to open a gate for yourself. The latest technology that is solar powered gate opener is installed in your main gate which automatically opens the main gate whenever your vehicle will be on your doorsteps.
It also uses RFID method to read the tag on the car and then opens the gate to ensure that only marked and selected vehicles can enter the premise. This method of automatic gate opener is not limited to residential apartments but has now been in common practice in public places, parking areas, Malls, Hospitals, etc.
Since this technology is quite new there is lot of scope left for newcomers to try and thus if you are interested you can try in this new field. This article will therefore serve you as guide on starting a solar powered gate opener and its installation business.
The Basics of Solar Powered Gate Opener:
A solar powered gate opener is an automatic gate opener installed on the gates of a residential plot, house, apartment, public space, etc. The solar powered gate opener runs on solar energy which is extracted by the sun using solar panels. Then this energy is converted to electrical energy and is stored in an appropriate sized battery from where the automatic gate opener extracts energy. An automatic solar powered gate opener thus has many components that are installed for proper functioning.
From the point of view of someone who is willing to open an installation business, this article will serve as a guide.
Plan exactly what your Business would be all about:
There are two points to be noted here. Do you only want your business to be all about installing solar powered gate opener or your business would also be about selling solar powered gate openers and then installing it. In most cases, businesses opt for the second choice since the companies those who manufacture solar powered gate openers sent their own mechanic for installation or train the mechanics recommended by the business selling such accessories. It would therefore be advisable for you to try selling and installing gate openers.
After you have taken the decision, plan how you will execute all this. The first step here is to make a comprehensive plan about the business.
The Comprehensive Business Plan:
Your comprehensive business plan will carry a detailed plan of how you will execute your business and the objectives of your business. Here are few important points.
- Creating a business of solar powered gate openers
- Getting clients and companies from where you will get the supply of gate openers
- Creating your business entity, office, shop, service center
- Creating a legal entity of your business, registration, tax registration, consultation
- Hiring employees, advisor, marketing team, accountant, salesman, technicians, etc.
- Building your business, managing capital investment, planning returns
Creating a Business of Solar Powered Gate Openers:
You need to do a good amount of research on the area of your business. Make contacts with people who are already dealing with this business. Visit companies that deal with automatic gate openers, are manufacturers and installers of the same. After getting a decent exposure you will be able to take your decisions regarding your own business. In this, it is important for you to do a feasibility analysis of the area of your operation to get an idea about your potential customers.
Moving next, you should bridge an alliance with companies whose product you will sell at your business. Your focus should be on targeting companies that are valued higher and are quite popular in market apart from other companies of various facilities and range. After making the contract you will move to the second step.
Getting Clients and Companies for Supply of Gate Openers:
After finalizing the companies based on products, quality, range, profit-margin, service you can move ahead of ordering the shipment of products. Since many of the companies also offer their men for installation of gate openers you should better negotiate on doing the installation work by yourself with the guidance and training of the company. As it gets finalized you can order shipment on the name of your newly registered business.
Creating your Business, Office, Shop, Service Center:
You need to register yourself as both goods and service business. Since you will sell both the gate opener and its accessories and also give installation service. You need to thus have an office and shop if needed. Apart from this you may also require a service center which will cater issues related to installation and servicing of the gate opener and its accessories. As you will register your business you will need to do some documentation which requires various permissions, standard of operation, quality of product, registration as tax payer, agreement for office space, client agreement and employee agreement as well. For this you need hire a consultant who will help you out on this.
Since opening an office, service center and shop will require a good amount of capital investment, you can think about renting it for a while till your business grows.
A Consultant or Advisor at your Rescue:
All the above work requires lots of hard work and knowledge on various subjects. A consultant or advisor will the correct person who you must hire for dealing with issues of business, tax registration, making business deals, agreements and contracts. He will help you and will save your time from such complex issues and will help you in focusing on the real issues.
Registration as a Tax Payer and other Legal Issues:
A business needs to register itself as a tax paying entity based on the local laws. Apart from this there are many issues like making agreements and contracts with clients. Taking required permissions, grants, sanctions, etc. are subject to expert advice and should be done in accordance with the law laid down by the authorities.
Since your business focuses mainly on installation service, you need to hire employees and technicians for your work.
Hiring Technicians, Engineers, Employees and Accountants:
Hire technicians and engineers who are well versed with the installation business. At least a good amount of experience is essential for providing flawless service. Moving ahead, you will also need your employees and technicians to get trained or certified as a standard technician in order to raise the level of your service and quality. Many customers will ask for the standard certification before hiring you for installation purpose. Also, the companies who will train your men will also need some basic criteria to be fulfilled thus you need to be vigilant while hiring employees as they will decide the destiny of your business.
You will also need other employees, marketing salesmen and accountants to manage your business. Since your business will be new it would be wise to hire multitasking employees who are well versed in many qualities like accounting, salesmanship, and advising to save extra expenditure.
Automatic Gate Opener Installation Business requires a good sum of capital. If you are going for a business that sells and installs such gates then the cost of capital investment will rise but if you solely want to get into installation business then it will cost quite less. Simply, an installation service requires training, technicians, an office, service room, and few other items. As you will lay your business blueprint you will get ample idea of capital requirements.
Marketing your Solar Powered Gate Opener Installation Business:
There are various service providers and groups active where you can register yourself. You can also make networks with business stores selling gate openers and equipment who can recommend your service to their customers. You can also directly partner with the companies that manufacture gate openers. They will recommend your service to businesses and customers. Apart from this you can simply do advertisement by various means to your nearby location.
Return on Investment:
Only when you start to get some customers for installation your return on investment will start. To add profit to your business you can also repair equipment, sell equipment and machines. Around $150 to $500 is charged for every installation of gate opener.
When your business focuses on service providing do not leave any chance in impressing your customers. Be very prompt when dealing with customers to satisfy them fully. Train your employees and technicians in a way that they are gentle and always happy to serve their customers. Such impressions are the only ways to build your name in this business. Word of mouth or customer recommendation is how service providing business grows thus you should show hospitality towards your customer and serve them in the best way possible.
Also, hire technicians and engineers who are able and experienced when it comes to work. Your service is the only way how will you impress your customer and build your business therefore leave no stone unturned to give the best of yourself and your team.