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How to Start a Safe Box ( Digital Locker) Making Business – Complete Guide

In an era where security and privacy are paramount concerns, the demand for safe boxes, also known as digital lockers, is on the rise. These secure storage solutions provide individuals and businesses with peace of mind by safeguarding their valuables, documents, and digital assets. If you’re considering venturing into the safe box manufacturing business in India, here’s a comprehensive guide to help you get started.

In earlier days, safe boxes with keys were popular. Nowadays, people use safe boxes with digital lockers. It offers state-of-the-art security systems. This is one of the latest trends.

These digital safe lockers are Electronic safe locking systems. It operates as per the signals received through the input keyboards. They are tamper-proof. Also, these safe boxes provide many security options for the user.

A Digital Electronic keypad entry lock offers several advantages as it is not only more reliable and strong but also easy to use. It works on keypad number entry. And it is based on the combination of locks. The Digital lockers automatically go into locking mode if left idle for more than a preprogrammed period.

Why Do People Use Digital Locker?

  • First of all, the safe box is one of the safest options for keeping valuables other than the bank lockers. Even, banks also provide safe boxes to the customers in exchange for a yearly fee.
  • Secondly, a safe box is not easy to open without the key, password, and fingerprint. Hence,  it is almost impossible for a thief or other person besides the owner himself to open the safety box and get valuable things from the safety box.
  • Additionally, this type of box provides sleek, safe & convenient storage for anything.
  • Another benefit of using this box is the lock cannot be manipulated or bypassed.
  • Finally, it provides an automatic alarm system if the safe is not closed properly. The low battery warning alarm keeps owners alert to be more careful.

Digital Safe Box Market Potential

With the increase in crimes in society, Safety and security have become a primary concern for all. These days, burglars are equipped with instruments and they can destroy most conventional safety locker systems.

The enhanced security features of the digital safe lockers have made it very difficult for thieves to operate a digital safe locker. Therefore, the need for safe locker systems in both domestic and commercial institutions is increasing.

Generally, homeowners, offices, shops, business establishments, banks, financial institutions, fuel stations, brokers, hotels, and hospitals use these boxes on a daily basis. Simply, whoever deals with cash currency every day, will need to use a safe box for safety reasons.

11 Steps for Starting Safe Box ( Digital Locker) Making Business

1. Conduct Market Research

Before diving into the business, conduct thorough market research to understand the demand for safe boxes in India. Identify your target market segments, including residential customers, commercial establishments, financial institutions, and government organizations. Analyze competitors, pricing strategies, product features, and customer preferences to position your offerings effectively.

2. Business Plan Preparation

Safe box-making is a cash-intensive business. You need a sound investment capacity. In addition to that, you must have a unit for factory operation. Hence, crafting a business plan is a must in this business.

You need to mention your target production output. According to that, you have to calculate the financial analysis. It is better to talk with professional business plan writers. Otherwise, you can also use business plan writing software for crafting a plan of your own.

In this business, the most important aspect is determining the marketing strategy. You must put effort into building a regional brand at least. Additionally, you must have a plan for building an effective sales team.

3. Arrange Finance

You should start the business with a bank loan. You can consider venture capital investment too. However, we don’t advise you to start this business with entire your investment.

If you have sufficient capital to bear the fixed costs then you can consider applying for a cash credit. Moreover, you must ensure the easy availability of the working capital whenever you need it.

4. Obtain Necessary Licenses and Permits:

Ensure compliance with legal and regulatory requirements by obtaining the necessary licenses and permits for operating a manufacturing business in India. This may include GST registration, industrial license, pollution control certificate, and compliance with safety standards and quality certifications.

5. Set Up Manufacturing Facility

Establish a manufacturing facility equipped with modern machinery and equipment for producing safe boxes. Invest in automated manufacturing technologies to improve efficiency, precision, and productivity. Ensure adherence to safety protocols and quality control measures to deliver reliable and durable products.

6. Plant & Machinery

The next step is the unit establishment. The major fixed cost involves the plant and machinery. And you must procure the machinery from reputed suppliers. Also, confirm the warranty period. Talk to the suppliers about the on-site training facility. Some of the major required machines are

  • Electronic screwdriver & screw feeder
  • Temp Controlled Soldering Unit
  • LCR Meter (programmable)
  • Drilling machine
  • Analog Multimeter
  • Personal Computer with UPS and Printer
  • Combined Soldering Desoldering Station
  • High-speed mini drill set
  • Digital Multimeter(4 ¾ Digit)
  • Digital Storage Oscilloscope

7. Procure Raw Materials

You need to procure quality raw materials. The quality of the finished goods highly depends on the quality of raw materials you procure. Additionally, you must build a smooth business relationship with the raw materials suppliers for good quality materials and timely delivery. Check the rate of the materials from the various suppliers. Some of the most important raw materials are

  • Motorized Electronic Locking unit with keypad
  • Solid Steel Bolts
  • Interior carpet
  • Powder coated Single moulded case
  • Battery
  • Electronic components, consumables
  • Packaging consumables

8. Safe Box Making Process

First of all, test the procured raw materials and components. Ensure, that you have the materials as per the quality and specifications you need. Then, form, shape, and solder the components on the pre-designed printed circuit boards. And the test for desired performance.

The electronic and mechanical subassemblies are carried out as per design specifications. Finally, fix the tested PCBs on the back side of the front door of the enclosure. Then, fix the keypad unit and make the interconnections with the proper electrical wiring.

Furthermore, connect the batteries to the system. Check the whole unit for the required performance. Finally, pack the tested products attractively for dispatch to the dealers/customers. In a safe box-making business, you must maintain the proper quality control and pollution control methods.

9. Design and Customize Products

Develop innovative and customizable safe box designs tailored to meet the diverse needs and preferences of your target customers. Offer a range of sizes, features, and security options, including biometric access, digital keypad locks, fire resistance, and tamper-proof construction.

10. Establish Distribution Channels

Identify distribution channels to reach your target market effectively. Explore partnerships with wholesalers, retailers, security equipment dealers, and online marketplaces to expand your reach and increase sales. Provide comprehensive training and support to your distributors to enhance product knowledge and customer service.

11. Develop Marketing Strategies

Create a strong brand identity and develop marketing strategies to promote your safe box business. Utilize a mix of online and offline marketing channels, including website, social media, search engine optimization (SEO), email marketing, trade shows, and advertising campaigns, to raise awareness and generate leads.

Frequently Asked Questions

What types of safe boxes can I manufacture?

Safe box manufacturing encompasses a wide range of products, including electronic digital lockers, fireproof safes, biometric security vaults, cash boxes, document safes, and gun safes.

What are the key factors to consider when selecting raw materials for safe box manufacturing?

When selecting raw materials for safe box manufacturing, consider factors such as durability, tamper resistance, fire resistance, corrosion resistance, and compatibility with electronic components.

Do I need specialized machinery for safe box manufacturing?

Yes, specialized machinery such as metal cutting machines, hydraulic presses, welding equipment, CNC machines, powder coating lines, and electronic assembly machines are essential for safe box manufacturing.

What are the potential challenges or risks associated with starting a safe box manufacturing business?

Potential challenges include intense competition, price pressures, technological advancements, regulatory compliance, supply chain disruptions, and changing customer preferences. Conducting thorough market research and staying agile can help mitigate these risks.

About Next What Business Research Team

The Editorial Staffs at NextWhatBusiness is a team of Business Consultants with years of experience in small and medium-scale manufacturing and service-based businesses.