Think outside the panel: Getting into interactive monitoring and related services can more easily lead to other revenue
Now that the elections and their TV ads are over with, you might notice that replacing those politicians are ads for interactive home services and monitoring. Homeowners can lock or unlock a front door of their home from a thousand miles away. They can receive and respond to alarms on a smartphone or look in through a camera to make sure Mikey came home from school or Rover is not tearing up the house. They can monitor and manage home appliances ranging from a complex HVAC system to a simple coffee pot.
There sure is a lot of gee whiz. But are there also recurring revenue dollars for dealers in this interactive monitoring world where the Internet and apps rule the roost?