HomeFront SlideShare v1
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Transcript of HomeFront SlideShare v1
Zohayr Khan!Sheila Gaur!Raymond Xu!Lucas Liu!Daniel Cho
why homefront?An integrated home-locking system for users’ convenience and safety.
Traditional locks are inconvenient
People want to monitor front door activity
People want to remotely let guests in
Security is easily compromised with traditional keys
Your home. Your door. Your choice.
How it works
1
An integrated home-locking system for users’ convenience and safety.
2
3
4
5
A potential guest rings the doorbell
The HomeFront Camera snaps a picture of the guest
An app notification is sent to the resident
The resident reviews the in app image
The resident locks or unlocks the door
take a look
LOCK
UNLOCK
1 2
What we offerWe target young adults.
Need Solution
A way to monitor front door activity
Using the Android or iPhone app, homeowners
will be able to see an image of whoever rung
their doorbell
A method of locking/unlocking door remotely
Using the aforementioned app, homeowners will be able to open and close
their door locks, wherever they are
Eradication of security concerns associated with
traditional manual lock model
Product will take key-lock to the cloud, so lost keys
won’t pose a problem and app will have several
layers of security.
Ease of entry/exit for visitors
When visitors will arrive at the front door, they will be
let in promptly
We meet their security needs.
Meet Lindsey:18-34 years
old
homeowner or tenant
seeking home
automation tech willing to
spend discretionary income on new tech
concerned about
home safety
game planA business model that prioritizes healthy relationships.
Early-stage funding plan
Cases of Cost Savings from Outsourcing
Cas
es o
f Cos
t Sav
ings
from
Out
sour
cing
(%)
0
7.5
15
22.5
30
Estimated Cost Savings (%)-10 or less -10-0 1-10 11-20 21-30 31-40 40 or more
Comprehensive tech suite
Generate revenue through product
sales and ads
Minimize costs through
outsourcing
spreading the wordA lucrative opportunity.
• •
••
SWOT !Analysis
Strengths Weaknesses
Opportunities Threats
Marketing Plan
Product
Price
Place
Promotion
An integrated home lock system
that can be controlled remotely
Launch: Own websiteNext 2-3 years: Retail
• Facebook/YouTube advertising
• Target Google AdWords• CSR campaigns
• Value-driven pricing• fixed menu approach
124.99 USD
new concept
meets consumer needs
defined market
automation limelight
segment is willing to pay
burglaries on the rise
similar products
government intervention
traditionalist movement
slow adoptions
hard to get approval
difficult customer priorities
Thank you