Designed for: Door Lock for Apartment
Key Partners: Door lock manufacturers, hardware store dealers, security provider companies and private firms, local society groups and resident’s associations, service and maintenance providers, city infrastructure authorities, estate developers and builders
Key Activities: backward integration and in-house manufacturing, open end marketing with exclusive, online and through multibrand hardware stores, 24X7 support in case of digital door lock by a central control room.
Key Resources: Investment capital for manufacturing capacity and control room, wages and salary of maintenance and support staff, marketing and selling expenditure, house overheads and fixed costs, online upkeep and development.
Value Propositions: Safety is the prime concern, ease of handling, after sales service, smart watch through a mobile application and customer can remotely open or shut the apartment even by the mobile application remotely.
Customer Segments: residential buildings and office buildings as well as commercial establishments like shops and stores. Both genders, who have a home to live in, premium segment for digital system and regular segment as basic lock and key apparatus
Cost Structure: marketing and sales, maintenance and service staff, one-time development cost, franchising in smaller towns, community service to gain word of mouth communication by providing free of cost to local churches, libraries, theatres, museums etc.
Revenue Streams: product sales, product maintenance agreements, premium charges for mobile application and care, franchising fees, loyalty-based exchange and upgradation offers
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