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Updated RecentlySightMind vs My-Alarm Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of SightMind vs My-Alarm including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $210,395 - $374,800 | $50,000 |
| Franchise Fee | $60,000 | N/A |
| Royalty Fee | 8% | - |
| Advertising Fee | - | - |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | SightMind provides two solid weeks of training for you and all your key employees. We have different tracks for technology people and sales people. During training, you will take regular tests. At the conclusion of training, you and your employees are issued meaningful certificates that provide you with a competitive edge. | �Complete comprehensive training & ongoing support. �Free "on-demand" sales and training webinars for you and your customers. |
| Support | SightMind provides our franchisees with exceptional support in both sales and technology. We provide comprehensive training, approved equipment, extensive tools, regular emails forboth you and your customers, powerful marketing material, a customized web site, and unlimited, personal support. | �Lifetime warranty on active systems and equipment. �Free unlimited technical support for you and your customers. �Free Dealer web page hosted on the My-Alarm website. �Billing and collections for your customers. |
| Marketing | - | �Free unlimited Associate pages hosted for your marketing channels. �Free unlimited customized marketing materials on all products. |
| Operations | - | MY-ALARM Bills Your Customer Monthly and Provides them with Lifetime Warranty and Technical Support. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About SightMind
"More Knowledge. More Security"
SightMind businesses design, sell, install and maintain digital video surveillance systems for medium-sized and large customers in education, local government, and industry. These systems help provide security for people and assets, lower operating costs, improve customer service, and lower employee turnover. SightMind offers you the chance to operate a business that sells, configures, installs and maintains digital video surveillance and related security systems that monitor, record and analyze activity in customers' facilities and public areas. You, the franchisee, perform all of the "customer facing" activities, such as site surveys and installation. We, the franchisor, perform all of the activities that can be centralized for efficiency, such as R&D, training, equipment approval, web site maintenance, tool creation and updates, software, tech support, marketing, branding, and national lead generation. This structural organization is fundamental to the efficiency and success of all franchising, and is a reason that franchising in the US today holds 41% (and growing) of all retail purchases. This distributed responsibility is outstandingly well suited to IPVS systems, where network monitoring, updates, re-configuration, and troubleshooting can usually be done remotely.
About My-Alarm
THIS IS NOT A FRANCHISE THIS IS A DEALERSHIP It's very easy to get on board as a MY-ALARM Dealer. If your specific market area is available, MY-ALARM has 3 basic requirements to start selling and earning. -Absolutely no pending, current or previous felonious convictions. -Complete the MY-ALARM required equipment training. (about 4 hours via on-line webinar) -Purchase , and activate service, at Dealer level pricing, at least three of our systems, any combination, (for training and demonstration). OPTION -A (select any combination of 3 systems) Simon XT Base System.. $378.00 My-See Video Camera...$194.00 GPS Tracking System....$189.00 Systems Activations....$75.00 Monthly Service $ 00.00* (Inclusive of) Training (for all 3 systems regardless of selection) Web Page & Set Up, Protected Market Territory, Lead Referrals. All Marketing Material & Support OPTION-B** We offer an equipment and service leasing option for less cash outlay. (this can be helpful with cash flow on new ventures). Our leasing option offers very lenient qualification guidelines. Terms are for 36 months and require $125.00 down and $125.00 per month. Dealer receives one each of all system types & 36 months of service is included. Using a Conservative Build-up of Adding One Additional Sale per Month for a 12 Month Period, Dealer's Monthly Profit Would Be In Excess of $1100.00 This does NOT include Payments made to Dealer (you)for Equipment sold.