GPS business

Photo by Jason Blackeye on Unsplash

The GPS tracking industry is a lucrative but niche business. In order to succeed, you must take several factors into account. These factors are what make GPS business so attractive to entrepreneurs, including the perk of recurring revenue from service subscriptions. Before you dive into the GPS business, though, you will need to take the following steps.

Picking a Niche

Businesses and fleets will benefit from your GPS tracking business, but it is important that you find your niche. The first question you will want to ask yourself is, “Who will be my customers?” Most new entrepreneurs will want to say all people are their customers because that means more profit. Resist going this route. Not everyone needs a GPS tracking system, but going after everyone who does is not good business practice or strategy.

If you try to go after everyone who needs a GPS tracking system, then not all of your customers’ needs will be met well. Your GPS business will flourish more if you can dominate one niche market rather than going after every single GPS tracking customer. When focusing on a niche market, your sales and marketing pitches will be more centered on your ideal customer, which leads to more sales because you are focusing on one need rather than multiple needs.

Pick Your Strategy

Selecting the right strategy is also important. You need to ask yourself, “Will it be a subscription plan?”, “What installation will you provide for the GPS tracking product?”, and “Is GPS monitoring and management of fleets an option?” These questions should be answered toward your ideal customer. You should not try to answer these questions for all conceivable customers as, once again, you do not want to reach every potential customer.

Pick the Right Software

Finding the right software may be one of the most important parts of starting a GPS business. If you do not have the right software then you and your customers cannot track the assets your customers are waiting for. While you could try to create your own software, this is not smart, as it more than likely won’t be able to scale with your company. You will want to find a GPS software partner that offers software that will scale with your company. If you fail to choose the right software partner, then the backbone of your company will fail, which means your whole company will fall apart.

Pick the Right Hardware

Just like finding the right software is important, so is picking the right hardware. You want to make sure that you are picking high-quality hardware. High-quality hardware will benefit both your customers and your business. Devices that are high-quality require less service and maintenance, which will help give you higher margins.

Create the Business

This is an exciting step, as this is when you actually get the business license. There will be a lot of paperwork to fill out, so it is best to hire a lawyer to help you take care of the paperwork. If you want your business to be taken as a serious venture, a lawyer can help you navigate the waters a little better.

Acquire your First Customer

Once you have your business in place – not only meaning you have filed the paperwork, but you have also picked your ideal customer, picked the perfect strategy, and selected the right hardware and software – it is time to get your first customer. In the ideal situation, you should already have a customer or customers in mind before putting your business into place.

After you have gotten your first few customers, it is just a matter of hustle and hard work to make sure your GPS business is successful.

The Key to Success

Like mentioned above, the software is a very key step in making sure your company is successful. After all, the software is what your business is all about. When you are looking for the perfect GPS tracking software, Tracking the World has the perfect solution. Contact us today at 650-692-8100 or info@trackingtheworld.com.

 

 

Photo by Helloquence on Unsplash

Photo by Helloquence on Unsplash

GPS trackers can change the way your business runs. Usually, it can be a little tricky to keep track of all of your business’s assets. This is especially true as you start to grow in size. In this article, you will learn the top three reasons you need GPS trackers for your assets.

Save Time with GPS Trackers

When you use GPS trackers for your business assets, you can save a lot of valuable time. Statistics show that on average, 30 percent of all organizations are not aware of what they own and where everything is. Keeping track of everything is almost like having another business in itself. GPS trackers can do all of this for you so you don’t have to. By entering in some information and scanning your assets, you can easily check in on them at any time to know where everything is.

Manage Your Assets Any Time

What’s great about using GPS trackers for your business’s assets is you can check in on your assets any time and from any device. You can use your phone, tablet, or computer to find out everything about your assets and where they are. You will be given real-time information so that you know what’s going on with your company’s assets right this second. When you’re running a business, this is vital, as anything can go wrong at a moment’s notice. Always being in the know with GPS trackers will change the game for you.

You Can Save Money

While you can save time with GPS trackers, you can also save a substantial amount of money. When you are traditionally tracking your business’s assets you can easily miscount or even lose equipment. This means you will have to replace these items and spend money that you shouldn’t be spending. GPS trackers take out the guessing game when you are tracking your assets. They increase efficiency, allow you to keep your money, and potentially help you gain money.

 

Now you know the top three reasons you need GPS trackers for your assets. Remember they can help you save you valuable time by taking care of the tracking for you. Also, remember that you can manage your assets any time and from any type of smart device. And finally, remember that you can save money since you will have less of a chance of losing your assets. GPS trackers will help keep your assets safe and change the way you run your business. You won’t have to focus on each individual piece of equipment anymore because they will do that for you. When you are running a business, you need to find programs that will help you run your business better, not hinder it. That’s why using GPS trackers for your assets is amazing. They can help your business in many ways while helping you stay on the cheaper side.

 

GPS tracking for business

In today’s very competitive marketplace, the ability to operate efficiently can make a significant difference in any business’s ability to be successful.  As one of the most effective business tools available, GPS tracking software provides business owners added efficiency in a number ways.

Their Time Equals Your Money

The more your business can achieve in fewer hours, the more profitable and competitive it will be.  With GPS tracking software, dispatchers can easily save time and dollars by having the ability to see where every vehicle in your fleet is at any time—speeding up response times, and optimizing travel routes. Especially for service providers, the ability to make more calls in less time can greatly improve the productivity level of every work day.

Reporting Made Easy

GPS tracking software offers automated reporting options to both speed the pace of business and help you analyze where your money is going.  These reporting options include mileage tracking, monitoring idle time, and route playback.

Asset Protection

As mentioned in our previous post on GPS tracking for loss prevention, GPS tracking devices can greatly improve the chances of recovering stolen property without damage.   The devices, used with GPS tracking software, allow business owners to see the location of their assets, and notify authorities.

 

Our latest GPS Tracking Software video explains the benefits of launching your own GPS tracking business with our white label GPS tracking software.  With a software license from TrackingTheWorld, you’ll be authorized to offer monthly software subscriptions to your own customers in one of the fastest growing businesses today.

Business owners are increasingly reaching out to GPS tracking dealers for tools to help them operate their businesses more effectively and efficiently.  Our software offers everything  business owners are looking for, including geo-fencing capabilities, street level views, automated reporting options, text alerts and more.

Check out our video to learn more about the many benefits of our software and how you can launch your own GPS tracking software business!

http://www.trackingtheworld.com/products/privatelabelserver/

 

 

TrackingTheWorld offers distributor agreements, including drop shipping services, for those interested in marketing GPS tracking devices and accessories as part of their own business.  The program allows you to tap your existing  customer base and add quality GPS tracking equipment and accessories to your product lineup.  You’ll have the ability to purchase GPS tracking equipment at wholesale prices, and sell at prices you decide are right for your business.

Click here for our quick online Distributor Application!