Key Partners: Homeowners, Tenants, Real estate businesses, Building management companies, other landlords, Raw material providers for lock manufacturing, Technology providers for smart locks.
Key Activities: Providing comprehensive solutions for any kind of door locks, manual or smart, Integrating software with locks to provide customized locks as per customer requirements, Quick installation and after-sales services.
Key Resources: Capital to set up manufacturing facilities, Technology for easy smart lock solutions, Expertise to market the products effectively, Strong supply chain and sales distribution channels.
Value Propositions: Safety: Keep your homes safe at all times at affordable prices. Technology-oriented: Get high-end smart locks which can be used via smartphones, Service: Best installation and after sales services, Large range: Suitable for any kind of door.
Customer Segments: Individual users: People who would use locks at their home for personal use, Businesses: Businesses that are in real estate requiring large number of locks for their building or township apartments, Corporates: Organizations which may require door locks for their offices, Other users: Landlords who need locks for their apartments which they want to rent out, Education institutes/hospitals/government offices.
Cost Structure : Manufacturing costs, Raw material costs, Outsourcing costs, Technology costs, Marketing costs, Sales channel and distribution costs, Service centre costs, Employee costs, Maintenance costs, Capital costs
Revenue Streams: Direct to home sales ie individual customers, Partnerships with building management companies, Corporate partnerships, Premium prices Smart locks for high-end customers, Partnerships with Schools, Colleges, Universities, Hospitals, Government offices etc
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