Curated Business Ideas : The Domestic Remote Controlled Light Switch - Jack’s Curated Business Idea - Jack Lookman - Jack Lookman Limited - Olayinka Carew

Hello greetings to one and all. This is Jack Lookman welcoming you to our series

Jack's Curated Business Ideas.

I hope that you've been getting value from the previous episodes. Today's topic is about

The Domestic Remote Controlled Light Switch.

What's the problem?

Have you come back home after a long day and decided to relax on the sofa?

In the process of relaxing you become tired and you wish to put off the light but you are weak and tired and you don't have a bed lamp.

As a result the light is on all night long until you wake up to put it off.

What's the idea?

You probably have gadgets, television, music box, car, fans, air conditioning, etc. They probably all have remote controls. Why can't we have remote.controls for our light switches?

This could be ready installed in new buildings or adaptations made to the lighting devices in older buildings.

Here's a summary of the process to be followed. You can modify it as necessary.

You could achieve your aim by getting an engineer to design the remote control.
The engineer could be sourced locally or from a freelance platform.
Production could follow, after relevant tests.
You could leverage the internet accordingly.
You can could carry out processes locally tests and ensure regulations are met.
The product is brought to the marketplace and then monetized.

Let's talk about marketing

Before commencing the project you need to do research accordingly:

Market research
Product research
Competitor research
These shall be foundational structures for the project or for the business.
If the project is viable you could proceed with implementation in order to Market.
You could leverage different marketing options such as:
Social Media Marketing
Influencer marketing
Digital marketing
Affiliate marketing
Content marketing
Email marketing
Search engine optimization
Online stores
Blogs
Podcasts
Search engine optimisation
Sales funnels
Etc.

What are the benefits that may be derived from the product?

It provides convenience. You could put the light on or off by depressing the remote control.
It could help save electricity and money.
It could elongate the lifespan of light bulbs.
It could create jobs and wealth.
It could be compatible with different electrical devices.
It could be designed for multiple uses.
It could could make the world greener with lesser emissions

What are the threats?

It could promote laziness.
The device could get lost or misplaced.
It could be a fire hazard, if imperfectly designed produced and installed.
There could be fake versions of your product.
It could be an additional device or gadget in the house.
It could be a hazard to young children
If mishandled it could become unusable.

Let's talk about monetization.

A sales funnel could be created. This product could be part of the sales funnel. You could monetize the product, as well as sell or market other related products and services. For example there may be complimentary products and services to the gadget. You may sell batteries, related fittings, you may go into partnership with those who sell electronic or electrical devices. You could Market it as a gift item. The products may be sold individually or as a bundle.

The value chain

These shall include the undermentioned

market research
project management
funding
design
production
installation
maybe maintenance
Marketing and sales
After sales service
Legalities
Logistics
Etc

Disclaimer

Let me include a small disclaimer. This is just an idea. So nothing is guaranteed. What is expected is that you do your due diligence to make sure that you cross all the t’s and dot all the i’s.

Conclusion

In conclusion, just like most of our the content, this is another Curated Business Idea. It's what is called a ‘blue ocean’ in marketing terminology.

If you successfully execute it, you could enjoy monopoly. The products could be sold globally and you could monetize via any part of the value chain.

Just like everything else, it has its challenges. The important thing is to overcome such, and make the best of the idea.

That's more or less the end of the presentation.

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