We make security devices for shop and home and are very profitable. Customers appreciate the peace of mind at an affordable price. We plan to expand our product line to include security devices for cars, bike etc. and modify to control them through software.
We do research and talk to the shop owners and show them demo. If the customer shows interest then we convince them to by the product. We are also using posters and social media platforms for promotion.
We got Rs.20,000 as seed money, from that we spent Rs.16,500 on raw material. Initially we made 6 devices and after selling them we make the profit of 6,500. Then we completed 25 orders and the profit amount rose to Rs.32,500
We wish to grow our business and make more profit after selling them. We are planning to make changes in the structure of the product and modify some features so that we can control it through the software.