I'm doing research for a future business. I want to sell high tech home products and i'm trying to find out I should market to.

 

It depends. What are you trying to market?

 

high tech home products in general. For example, biometric door locks, home automation, wireless audio system etc.

 

Sounds like you need to do a lot more planning and formalizing what you want to do (or at least tell us).

Some things to think about:

What do you plan on selling?
Where do you plan on selling them?
Where are you going to buy from or are you designing them yourself?
What's your niche going to be? IE, how are you going to beat out people out there doing this already?

My wife and I are starting a small business right now, and it is a lot more work and money than I had initially thought. Forming a corporation and all the tax laws that go along with it are confusing and tiresome.

 

What business are you in?

 

i would have to upgrade my high tech products every 6 months so that means i'm long over due for a new car and a new computer

 

Who should you market to? Men.
Men with jobs.

 

I don't want to say right now as it is still being developed.

 

Your best bet would be to offer services to high-end custom home builders or local, well-known home theater stores.
Most people who are tech-savvy enough to use biometric locks and home automation/X10 to their fullest are probably responsible for doing the planning and installation themselves.
Beyond that, I think a target audience would be a custom home, but more specifically, a NEW custom home. Planning and installing integrated gadgetry is much easier prior to drywall in a construction phase.
Wireless audio is a dime a dozen, nowadays. You'd find it difficult to have a captive audience with a product that is such a DIY dream. Wit this being the case, why would customers need YOU?

 

Make something thats as good as sliced bread!!!

 

Do you think non tech savy people buy high tech products if it makes their live better?

My business will sell and install products.

 

for me i can do w/o the high tech products i don't even have a cell phone, ipod, blu toof

i want my tube radios back and reel tapes and 8 tracks and betamax

 

I am a high end custom home builder..tough sell...also when budgets run short this is the first stuff to get cut as it a want not a need

 

What kind of high tech products do people install in your line of work?

 

So is my business idea a nay or yay?

 

It has potential, but some things you haven't said:

Age (it matters)
Years in industry.
Type of experience.
Connections in related industries (home builders)

Pretty much all you've told us is that you want to sell and install high tech stuff. I don't know how much you've really thought about it, but it takes a lot to start. Have you thought about:

Can you afford to front the money to keep things in stock?
Where are you going to buy this stuff from?
How much are your competitors charging?
How are you going to beat out competitors?
How are you going to get customers?
Will the housing market declining affect your plans (less new homes built)?
Are you going to be LLC, S corp etc?
Do you have a lawyer or CPA?
Who's going to handle your taxes?
Can you market yourself effectively?
Are you going to be insured in case you mess an install up?
Can you show off what you can do (sample home?)?

I'm not trying to discourage you as being your own boss is something I hope to be someday, but more want to give you a heads up in case you haven't put a lot of thought into it.

 

lightscaping,home theater, structured wiring,hight tech security,tank less water heaters,and some automation....

 

I'm 24/m, degreed computer/electrical engineer. I have no experience in the home related industry but I'm very knowledgeable electronics/electrical. I don't have any connection in the industry.

I haven't thought about the some of the other questions