The result of the 2017 SDM 100 was upbeat: Collectively, the industry’s 100 largest security dealers grew their recurring monthly revenue (RMR) 18.4 percent, from $612 million to $725 million, last year.
ADS Security (ADS), a regional electronic security and automation company headquartered in Nashville, Tenn., and ranked No. 21 on the SDM 100, achieved $3 million in recurring monthly revenue earlier this year.
The 2016 SDM 100, a group of the top security companies ranked by RMR, continues to knock the cover off the ball when it comes to selling into both residential and non-residential markets, providing hosted and managed services, and monitoring.
Most of the largest security dealers in the industry confirm they were on solid footing in 2014, and their 3.8 percent aggregate growth in RMR proves it. But for many dealers, new competitors are too close for comfort.
‘Tis the season for many retailers to start seeing a spike in profits — why should your company be any different? Whether you’re in the red or safely in the black, who doesn’t want to think about adding to their bottom line? Here are a few ways you can get a jumpstart on earnings and maybe even begin the new year with some new profit-adding tactics.
With every video recorder it sells, OpenEye includes ReportStar, its security system health monitoring service, free of charge. ReportStar proactively monitors the health of video surveillance systems and system sensors 24/7. As a cloud-based service, ReportStar can be accessed anywhere there is an Internet connection.