Starting a New Home Security Business


Starting a security business is an excellent way to start a new career or add a second source of income.
According to recent statistics from the U.S. Federal Bureau of Investigation’s 2005 Uniform Crime Reporting (UCR) Program the following are reasons why the need for security businesses is growing:

There were a reported 417,122 instances of robbery reported nationwide.


Robbery crimes increased more than any other category at a national increase of 3.9%.


2,154,126 crimes of burglary were reported annually.


Burglary crimes cost an average of $1,725 to the property/business owner per offense.
But there are several steps that should be considered when starting a home security business. A competitive analysis should be completed and the proper licenses and insurance should be secured. Here's how to start a home security business.

You must construct a business plan to determine initial capital investment requirement, working capital needs, future cash flows, revenues and profits. No matter how experienced you are, without a well-thought out strategy you'll be lost and your business may go under. The first 2 years are the most vulnerable and most businesses collapse in this period. So ensure that you have what it takes to sustain yourself during this time. A vehicle, and sometimes more than one, is necessary for most security agencies. So you might want to take this into consideration while allocating your expenses.


Location is another important consideration. Do your research before you settle on any one location. Go through online directories and local yellow pages to gauge your competition. Will you be able to survive in a place that already has settled and renowned security businesses?
Evaluate how you'll attract customers. Carefully worded sales letters, bulk mailers, phone calls and advertisements in local publications are some of the ways of gaining exposure for your business. The success of your business depends on the proficiency and discretion of your employees.


 After everything was polished, the next thing, which critical, is the marketing of the business. It is very essential that the newly established home security system business advertised itself effectively to make the prospective customers aware of the business that the company is rendering. Make sure also to have an eye on the competitors. Be aware of the kind of services that the competitors are offering and make it a point to have an edge over them so that customers will prefer you more.
Venue for advertising the business could be through websites, magazines, new papers, flyers, and even calling potential clients. For the opening of the business, it will be more appealing for potential customers to conduct promotional activities to generate initial sales and promote goodwill.

So give due regard to their recruitment and training. Besides, make sure that they fulfill all requirements with respect to licensing and certification.


Always have a contract with each client. It's imperative that your contract mentions not only what you're responsible for but also what you're not responsible for. This is to protect you from future libel and litigation.