Drones are taking off in a big way, with the global market for unmanned aerial vehicles expected to reach $22.15bn by 2022. If you’re interested in starting a drone business, it’s best to take some time and sort out a real business plan long before you start spending money.
Here’s our top five tips for how you can capitalize on the drone craze and start a business which really stands out from the crowd, from investing in servo motors to data analysis:
1. Do your research
Before you get started, make sure that you’ve done some preliminary market research. This can be the difference when it comes to your company’s ability to survive the first couple of months of business. What do you need to know?
- Are there any competitors in your local area?
- Who are your potential clients?
- Is the market already saturated?
Once you’ve answered these questions and you’re confident that your drone business has a good chance of success, it’s time to work out what you’re going to be doing.
2. Find a niche
Drones have an exceptionally wide range of applications, many of which can be put to commercial use:
- Agricultural. Surveying crops from the air can provide farmers with lots of useful data, including information on pest infections and variations in soil hydration.
- Insurance. Capturing images, surveying properties and offering more precise risk evaluations than ever before, drone technology is revolutionizing the insurance industry.
- Real estate. From inspections in areas where it’s unsafe for humans to access to inexpensive building inspections, drones have a wide variety of applications in the real estate and construction industries.
- Security. Drones with sensors can capture live video footage, hover over intruders and alert law enforcement agencies.
- Mapping and surveying. For accurate survey data in a fraction of the time that it would take to collect on the ground, many land surveyors are turning to drones. From forest management and mining to urban planning, there are a huge number of industries in which drones can serve a vital purpose.
Once you’ve chosen where you’re going to specialize, it’s time to work out how to really improve the services your drone business offers.
3. Invest in a servo motor
From landscapes and sporting events to real estate, one of the major commercial uses for drone technology is aerial photography. With that in mind, making sure that the quality of your photographs is as high as possible is a bit of a no-brainer.
One of the main problems which drone photographers have to deal with is the blurriness which comes from vibrations on the camera. So, how can you combat this? Servo motors are a great option.
When placed along the axis of your drone, they can detect when your camera isn’t level and realign themselves, eliminating the problem entirely. It’s a seriously useful piece of equipment to have if you’re planning on making drone photography a part of your business. You can find a wide range of servo motors online, at RS Components for instance.
4. Get to know the rules and regulations
Drone usage is allowed in the Philippines, however, there are a couple of regulations that you’ll need to consider:
- You cannot fly above 400 feet.
- Respect people’s privacy.
- You cannot fly within 10km of an airport.
- Fly in daylight hours.
- You cannot fly over populated areas.
- Most importantly, you need to obtain a UAV Controller Certificate of Authorization if you want to fly a drone for commercial use.
5. Add post-production and data analysis to your services
As drone businesses become increasingly ubiquitous, it takes more to differentiate yourself from everyone else. Once you get a website set up, it’s time to figure out how to boost your brand awareness. By adding post-production and data analysis services to your business, you’re automatically gaining a leg up on your competitors.
For instance, anyone can take aerial photography, but offering an editing service in addition to photography is a sure-fire way of attracting more clients. Similarly, with industrial, agricultural or real estate drone businesses, offering a data analysis service can make your company the outstanding choice.
After you’ve done your research, worked out your area of expertise, got a servo motor and a license, you can get started on your drone business adventure!