As the sluggish economy persists, many residential integrators are grateful to have made it through 2009. Everyone in the industry is feeling the sting of the housing slump. However, smart contractors are finding innovative ways not only to survive the economic slowdown, but also to grow and prepare for a brighter future.
Over the past two years, there have been sharp changes in the market for home automation and electronics. With a reduced customer spending, contractors need to diversify their business strategies to take advantage of hidden opportunities in new market conditions. Demographic shifts, increasingly tech-savvy consumers, and the movement towards “greener” living are among the many areas of opportunity for residential systems contractors.