IWO Smart Watch is very competitive in the Smart Watch market, the strap can be changed freely. It can help users accurately monitor health data, calories, heart rate, ECG, blood pressure.
What does a Smart Watch do?
The Technology Embedded in Smartwatches
Standard smartwatches like ours come with different sensor implementations. They also have several functionalities. They also support 2G and 4G technology. This allows for fast speed and a reliable internet connection. Battery capacity ranges from 200 to 800MAH. This ensures you will get at least 24hours of battery life (depending on usage).
There are different sensors for setting and recognizing forearm and finger gestures. They also have internal memory, GPS, Pedometer, and other fitness tracking sensors. Standard smartwatch technology is also enabled with calendar synchronization and message notifications.
The first thing you do is download the relevant app and then enable Bluetooth on your phone. You also allow Bluetooth in the smartwatch. Before that, you can set up the watch by selecting the language.
The next step is to pair the device with the watch using Bluetooth. You then update the watch apps as prompted by the application. There are a few more steps, depending on which model you are using.
Once everything is set up, you are good to go. You can then manage your x communications and workouts at the tip of your fingertips.
Why need IWO Smart Watch?
There is an explosion in smartwatches around the world. This is excellent news for health fanatics and budding entrepreneurs.
The health and fitness industry is enormous. Health is your most precious asset for anyone. Modern living and stress are key contributors to that people’s health is getting worse. The World Health Organization states that health is crucial to happiness. Our smart wearable device is a powerful assistant to improve people’s health.
A healthy population contributes to a productive economy. People around the world are aware of the importance of their health. This is where the smartwatch steps.
In the past, we had no practical way to track our fitness goals and keep motivated. Smartwatches track fitness parameters like heart rate and blood pressure. They also provide smart applications like email and social media. It’s no wonder they are so popular!
This presents an opportunity for people to start their own Smartwatch business. This article will discuss this further. It will highlight the market need, based on growing fitness and health trends.
Increased Health Risks due to the wrong lifestyle
The modernization of life has affected so many worldwide. People are over-eating. They are also over-drinking and smoking more. Stress is on the rise due to a host of factors. This includes financial burdens, mental illness, and deteriorating relationships. Technology is another culprit that is to blame for our sedentary lifestyle.
Doctors encourage healthful behaviors to help prevent or manage many chronic medical conditions. Yet many patients still struggle to manage their health. They struggle to remain consistent with their health regimes. This is more so the case in developing countries and more impoverished communities. Unhealthy lifestyles have contributed to the obesity epidemic. We also see obesity in infants and children. The convenience of fast food makes it harder.
The stresses of life make it hard to start and maintain a health regime. Often, it is a choice between exercise and putting food on the table. The good thing is that health and fitness are no longer viewed as undesirable. Losing weight and staying fit transcends age groups, gender, and background. Most people do want to live longer.
Yet, this is very different in the West and wealthier, more educated populations of the 3rd world. In these pockets, people are aware of the importance of staying healthy. Healthy eating and exercise have become a billion-dollar industry. The industry has been growing by a least 4% every year. This is not a trend slowing down anytime soon.
The role of Technology in Health
The advent of technology has affected the health and fitness sector. In so many other areas of our lives, technology makes our lives better. This is no less true for fitness and health. Smartwatch innovation was inevitable. They made a significant mark on the fitness industry.
The changing demands of people required innovative solutions. Few people realize that smartwatches have a long history. In 1982 the Pulsar NL C01 entered the fray. It contained a dock that included a memory cartridge slot and a thermal printer.
They were on the “primitive” side compared to the smartwatches of today. They did not look attractive. The first smartwatches didn’t have connectivity. In fact, data transfer through short distances was common. This was the case on many mobile devices.
Infrared technology made the above possible. This was before Bluetooth. Bluetooth technology was still ten years away. Also, cellular hardware was too large and too pricey. Bluetooth and radio-based Wi-Fi then displaced infrared technology.
The Modern Smart Watch Trend
In 2009 it was clear that the future of the smartphone was wireless technology. Bluetooth had many advantages. It improved battery life, short-range connections to internet-enabled mobiles, and touch screens. Bluetooth was far less limited than FM. The opportunities were up-and-coming. It was the start of something exciting.
By the start of 2013, smartwatches were everywhere. Even Google got into the game in 2014 with its Android Wear. In 2015 Apple introduced its smartwatch to mixed reviews.
What we can learn from the evolution of smartwatches is that it is an open playing field. It is not the big-name brands that have entered this market. Consumers benefit where there is no monopoly. Consumers can spend on a smartwatch based on their budget needs and tastes.
Why Can IWO Smart Watches bring you huge profits?
Smart wearables are a huge market. The opportunity for entrepreneurs is tremendous. In 2019 the market stood at 216.18 million units. By 2025 it’s expected to reach 614.31 million.
> So why has there been such a boom in this industry?
- Urbanization around the world has led to innovative products that serve many purposes. Smart wearables deliver practical functions like calendar scheduling and GPS. They also offer sync notification and fitness solutions. These functions are in very high demand.
- A big chunk of the market consists of millennials. This demographic has an appetite for functionality and luxury. Millennials will likely spend even more in the future.
- There is a move away from the traditional analog watch. For example, the Swiss watch has experienced decreasing sales over the years.
> It’s Not Only the West the Craze grips that
- The demand for smart wearables is global. In Australia, for example, there has been an enormous growth in smartwatch purchases. Europe and the Americas also show strong demand.
- In Asia, the explosion in urban living and focus on health and productivity are key drivers of the market. Positive economic growth, technological advancements, and a healthy population are all contributing factors. Asians are shifting towards cheaper alternatives to the Swiss watch. Even though smartwatches are not “cheap”, they cost less in comparison.
The truth is; the move to smart wearables will not stop anytime soon. The rise in smart wearables will dominate in the Western world as well as in Asia/Pacific.
How to Succeed In Your Smart Watch Business?
> Choosing the Right Supplier:
If you are looking to jump onto this smartwatch bandwagon, now is the time to do it. We have seen that the market is wide open and thriving. Here at IWO, we cater to a variety of businesses. This includes online or offline wholesalers, B2C sellers, shop owners, or distributors.
It is crucial to choose the right supplier. You need a reliable supply chain if you are going to meet the needs of your customers. Here are a few great reasons to choose us as your supplier:
- We are the first IW0 Watch manufacturer to offer a full line of IWO smartwatches.
- We meet the sale needs of online and offline distributors.
- We have a superior supply chain that you can rely on.
- Our prices are competitive, especially considering the quality.
- Our smart wearables have an elegant and sophisticated design.
- We are versatile enough to meet the needs of low-end customers.
> Marketing
Another key to a successful business is, of course, marketing. You have to have a plan on how you will promote your business. The first step is to do your research. Market research entails gaining data on your ideal customer profile.
You have to understand everything about them. Also, this exercise will reveal market trends and give you a forecast for your sales. It will also give you information about your competition. The smartwatch space is huge but also competitive. A good market research plan is a solid step to success.
What else does marketing entail? Let’s find out below:
- Market Segmentation –This means that you target your specific market. Most businesses cannot afford to target everyone. A segmentation plan aims according to location, demographics, behavior, and lifestyle.
For example, in considering SEO, you can choose only to target your local town. This will drive down your marketing costs. It may also give you better sales.
- Branding –This is one of the bedrock of any business. Branding is not just about throwing together a logo. It starts with you thinking deeply about what your business stands for. This links to the next element.
- Your Unique Selling Point –You need to know how and why you do not do things the same as others in your business.
You should then convey this to your ideal customer. You can always think of something that is unique to your business. You may be selling what others are selling, but you are not exactly the same as them.
- Marketing Avenues – Which platform will you choose to sell your smartwatches? If you already have a platform, try to diversify your selling opportunities. Consider letter drops, cold calling, or word of mouth. Other options include print advertising, networking events, and blogging. Not to mention social media and having a website. Smartwatch owners are tech-savvy.
This means that having an online presence is pivotal. Millennials, in particular, are avid consumers of social media. Having a social media presence is vital. You have to put yourself in the shoes of your consumer and meet them where they are.
> Set your goals and budget
This is another crucial step in your business planning. Everything in life has a purpose, and business is no different. You need to define your business objectives. Ask yourself what you aim to achieve through your marketing activities.
Business schools teach the “SMART” concept. This means your goals have to be specific, measurable, and attainable. They also need to be relevant and time-based. It is imperative that you spread your budget across all your marketing activities. Budgeting has implications on your order volumes, anticipated supplies, and rate of turnover. Our IWO products range in price, depending on the product.
We have learned how massive the opportunity is for the smartwatch industry. The surge in demand is due to a host of factors. In a nutshell, the world is going digital. Urban populations are hungry to fulfil their need for health, innovation, and productivity.
Technology is not going anywhere. This industry is known for its constant innovations and upgrades. That simply means there is so much more diversification that lies ahead. If you are in the smartwatch business, you are in the right place at the right time.
If you are thinking about getting into the business, it’s an industry ripe for the taking. Here at IWO, we will be staying in line with the trends and continuously improving our supply chain. Our customers are our priority.
