Wyze $4.99 Monthly Professional Home Monitoring
The alarm industry was shocked by Ring's $10 monthly price for monitoring, now 2 years later, Wyze is selling for half that price and throwing in the equipment for free.
Inside this note, we examine Wyze's offering, comparing it to Ring, Simplisafe, and smart home (ADT, Vivint) options.
***** **** ****** * *****, ** anticipate **** ******** **** ****** *** annual ******. *** $**, **** ******** 1 **** ** ************ ********** *** the ******. *************, ***** *** *** month ** *****, *** *** ******* cost ** $** *** *** ***** month *** *** *** **** $* per ***** **********.
Professional ********** ******* ********* / *******
**** **** *** ********** ** **** a *** *-******* ********* ******* *** sources **** ** ** *********'******** ********** ********.
******* ** ************* **** *********.*********** ****** ******** / ***************** **** ***** *** ************** **** ******** ******* ******** *** ****** ** dates.
'Core ******* ***' ********
****'* ~$** **** ******* *********** *** (~$**) ******, * ******** central ***, *** (~$**) ****/****** *******, and *** (~$*) ****** ******.
**** **** *** ******* ***** ******** (or ******-********) *********** *** ****, ** if ********** ** ****. *** ********** sensors *** ******* *** ** ***** to *** ***** ******, *** ******* has *** ******** ********** ****** ** the *** ****** ** *******.
****, '**********' **** ****'* ****** ** via *** ******** ****, *** *** hub **** *** ***** ***/**** ******.
*** *** **** ******* * ****** battery, *** ** ********* ** ***** for *** **** ** *****.
********** **** ******* *** ** ****** and *** ********* *** *** **** price.
Existing **** ***** *** **********
****'* ***** ******* ** **** *** contact ******* ** *** **********. ** 2019, **** ************ *****, * ****** ** $* ******* that ********** **** **** ******* *** a ****-** *** ******.
*** ******* ******** '*****' ******* *** not ********** **** *** ***** ***, and *** ******* *** '********* *** *********' ** *** *******'* *******.
Ring **********
****** ******** *** ******* ******* **** and **** *** ****'* ******* ** significantly *****, **** **** ******* ********** being **** *** ***** ($*.** ** $10) *** **** **** ******** *** the ******** ******* ** **** ********* it **** * *** **** $** contract.
**** **** ********* **** *****, *** Wyze ********** ****** **** ***.
Simplisafe **********
***** ********** ** *** ******* *** home ********** ******** *** *** *** first ** **** ****** ********** *******, Simplisafe ** ************* **** *********, ******** at $**.** *******, ****** **** ** Wyze.
********** ****** **** ****** ***** **** Wyze *** **** ******, ***** **** does *** *****.
Smart **** ****** (***, ******) **********
***** **** ** **** **** */**** the ***** ** ***** **** ******* (e.g., $*.** ** $**+), ***** ***** home ******* ***** *** **** ************ including *-****/****** *********** **** ********, ***********, door *****, ***.
*******, **** **** ***** ********, ***********, and ***** ** ** ***** *** be ********** ** **** *** ******* for ***** ******* ** *** ******.
*** ******* ** *** ******* ** their **** ********** **********, **** ****** commenters *********** ***** *** *********** ** these ****** ********.
Economics - *** ** **** ****** *****?
** ** *** ***** *** **** is ****** *****, ****** ** ********, this ********. **** ******** ******** **** the ****** *** **** *** ** is *%:
** **** **** *****, **** ********, their ******* ***** ******* *** ***** 10%.
** ****** *** **** *****-*** ***** margins *** *** ********** ******* ** even ***-**** **** ******* ********** ***** costs * *** ******* *** *****.
*********** ***** ** ***** **** *** making ** ** ** ******** ** *** ****, **** ** effectively ******** **** ********.
** ** *** ******* ** ** purely ***** ** ******** ** ****. The ****** ** *** ******** ** that **** ** ******** ** * sizeable ******** **** (******** ** ******) within * **** ***** **** *** for **** ****** ********* *****.
** ** ******** **** **** **** to **** ** ******** ** ********* in *** **** * ***** ****** a **** ***** ** ******** **** the *******, ********** ********* **** *** deep ************ **** *********. ** ** also ******** **** **** ********* *** to ** ********* ** ******** ********** profits ***/** ********** **** *********.
Competitive ******
****'* **** ********** ** ****** * threat ** **** *** **********, ***** companies ******* *** ** ********** ******, with **** ******** ****** ********** **** expensive.
*** ***** **** *********, **** ****** have **** ******, ** ** ****** pricing ************ **** ***** *** **, and *****, **** ******** * **** smart **** ********, *** **** ****** be *******.
Vote / ****
****, **** **** *** *** ********* of **** ***** *** ******. * wonder ** ****'* *** ****.
* ** **** ***** **** **** is ** *** ****** ***. **** tens ** ******** ** ******* *** there *** *** * *** ******* thousand ** **** ** *** **** and **** *** ********** ** *** bought **.
* ** **** **** ***** ** not ********** ******* ** ***** ****** worked *** *** ***** ****** *** me *** ** ****** ****. * love ***** ******* *** **** ***** sensors *** ***** *****. * ** also *** * *** ** *** endless *** ** ***** ****** ******** they ****. ** *** ********* ** solid *** **** ******** ** ******* it **** **** ** **** *** cameras * ** **.
******* ***** ******** *** ****. *** Wyze ***** ****** *** ****** *****. Wyze, **** ******, ***** **** **** need ** **** ****** ******** ******* and *******. ** **** ***** *** can't *** *** ****** **** *** need ** *** ******** *** **** as *** ******** **** ** *** devices *** ** ***** *** ***'* fit **** ** ****** ** **** the ******* ******** ********.
****** ********* ***** ******** ** ***.****** ************ *** ****** **** ****** alarm ****** - *** *****
** ** *** ******* ** ** purely ***** ** ******** ** ****. The ****** ** *** ******** ** that **** ** ******** ** * sizeable ******** **** (******** ** ******) within * **** ***** **** *** for **** ****** ********* *****.
** *** ***'*? *** ***? ***** are ******* ********* ** *** **** to *** ******; ******* **********, ** is ****** ** ****.
*** **** ** *** ****** ***** innovation *** ********** ******** ****** **** own *******. **** **** ****** ***** is *****.
** **** ******** **** *****. ***** good *** ***** ***** *** *** the **** ***** ** ***.
*** **** ** *** ****** **** your ****** ** ****. ******* *******, you ****** ****** ** **** *** future **** **** ********* **.
******* *********** ** **** *** *** market *****. *********** ** ******** ** drive ********** *** *** ********* ***** prices ** ****** ***** *** ****** good *** *** ********, *** ****** aggressive ***** **** **** ****** **** negative ****-**** ******* *** **** *** company *** *** ********. *******, ** have **** **** ** ***** ** recent ***** ** ****** ** ****-******* by ***.
** *** ***'*? *** ***?
** *****, ** **** ***** *************, i.e., **'* * ****-**** ******** *** them *** **'* *** '****'.
*** **** ** *** ****** ***** innovation *** ********** ******** ****** **** own *******.
** *** ** ****** ******* ****. Wyze's *********** *** *** ***** ******** or ******** ****** ** ******** ** Wyze.
*****'* ********* ************* **** ******* **** such ***** ** ****, *** ******* and ***** *******, **** **** ******* / ********* ***************.
** *** ** ****** ******* ****. Wyze's *********** *** *** ***** ******** or ******** ****** ** ******** ** Wyze.
***.
*****'* ********* ************* **** ******* **** such ***** ** ****, *** ******* and ***** *******, **** **** ******* / ********* ***************.
***, ** ***** ** ** ******* risk. * ********** *** ********* ****. There *** ****** **** ********.
***.
**** ** **** ***** **** *** a *** ***** ***. *** **** of *** ****** (**** ***-**** ******* products) **** *********** **** ******* ** let **** *** ** **, **** minimal ******* *****.
* ***'* ***** **** *** ***** anywhere. **** ***** ***** ********* ** a ****** ********** **********. *** * saw **** ** **** ***** **** already, *** *** ******* **** ****** empty. * ** **** *** *** firmware **** [***, * **** ***** IT] **** **** **** ** ****. It *** ***** *** ****** **** me *** **** ******* **** ***** be ******* ** ***** *******. * don't *** **** ************, *** * have ******** **** ****, *** **** are ***, **** *** $** *******.
***'* ***** **** *** ***** ********.
*****’* ** ***** ****** *** ***** to *** **. ******* *** **** could ** **** ** ******* ****** bills *** $.**. *** ******** *** them ** ******* ** *** **** can **** ** **********, * ***** it’s ******** *** **’* ********* *** a ******** **********.
** ******* **** ****, **** ****** they ***** *********, ** **** ** security ******* ******* *************. **** ** related ** *** **** *** ***** that ************ *** *****. ** * was ******, * ***** **** **** Vietnam.
* **** ** *********** ********** ********* are ******* ***** ***** **** *** traditional ***** ******* ********. **** ********** police **********, **** ***** *** *** systems ****** ***** ******** *** *** relationships ***** ********* **** *** **** police *********** ?
**** ***** *** *** ******* ****** alarm ******** *** *** ************* ***** companies **** *** **** ****** *********** ?
*******, ****** *** **** ***** *******! See:********** *** ***** ***** ***** ***** Than ************ *******. *'** ***** *** **** **** a ****** ** ***** **** ******* DIY ***** **** ** ** **** tech ***** *** **** ****** ** have ***** ************ **** ***** ***** alarm **** ** *****. ** ****** reasonable ** ** *** ** ***'* have **** **** ****** ********** ** this ****.
* ***** ***** ************ ** *** biggest ******. * ** *** ** expert, *** ** ***** *****.
*** **** "***** ************" *** ******* different *********** *** ********, *** ****** qualified *** ****** ************ ** ********. Just ********** ******* ******* **-**** **** not ******* ****** *** ******* ******* remote "************ ** * *** **** threat".
*** **** ”********** *******” *** **** different *********** *** ********. **** ** not ******** **** ***** ******, ******* only ****** **** * ******** ****, without ****** ***********. **** *** ******** by *** ***** ****** ** ** slow ****** ********. ** ******, ******* monitoring ******** ******* ***** *** **** laws ** *** ********, ** **** no ****; ****** **** ****** ** respond ** ******* *******, ******* ************. Although **** **** * ************ ********** company, **** ***** ** ********** ** provide **** “******** **** ************”. ***** customers ***** *** **** *** *********** of ****** ********. **** ** *** next-gen ********** ***** **** *** **** be ******** ** **** ********** *********/******* requirements, **** ********* ********.
** ******* ** ** * *** threat ** *** *********** ******** *****, ie $*-** ******* ** $**-** *** basic ********* *******.
******: *** *****; ******* ******** *****
**** ********* *** **** ** **** backup *** *** ***** ******** * ****** **********, ****** **** ** '******* ****' and **** **** '***'* **** *** promises' ** ******* **:
*** ******* ** ** "**** ***** technologies ********** ** ********". **** ** started *** **** ********** *******, ** carefully ********* **** ******* **** *** systems ** *** ****** ******** ** see *** **** **** ** **** for *********, ******* ********** ******* ** the ***** ***** ** **** ** achieve ** **** *** **** **** Monitoring ******* ********** ** **** ******** families. ****** ****** ** ********* ****** but ******** ****, ** ** ******* to *** ** ******* **. *******, we've ***** **** ******** *** ** understand **** **** ** ***** * necessity *** **** ** ***. **'** look **** ******** *********, *** ** can't **** *** ******** **** ***.
****'* ***** ** **** ********* ******* we **** ******* * ******** ****** considering *** *********** **** ******* ** these ****.
**** ********* *** **** ** **** backup *** *** ***** ******…****** **** is '******* ****'…
**** **** **** *************…
**** **** **** **** ** **** point ** *********** ****** ******* ****** *** **** it ***** **** ** *** ********* accurate *****,** * ****** **********:
** **** ** *** ** ** extremely ******** ** ********* ****** ** can **** ** ******* ***** ******. This ***** **** **** ****, *** we *** ******* ** **!
**** ****…** *** ******** ** “**** phones” ******* **** ***** $*** ** over $****. ***, *** ********** ******* basic ****-****** *** ****** *********. *** market ** *** ****** *** ******* enough ** ******* ****** *** ******** models. ***** ** * *** ****** for *** **** *****, *** *** traditional *****. *** ******** **** ** avoiding ********* ******** *********.
******, **** ** *** ******** *** price ** $*.**:
****'* ***** ****** ******* *** ****** to ** *** **** ** **** price *****, ****** ** ** *** more ************ ****** **** ******** **** monitoring ** $*.
*** **** **** *** ****:**** *** *************** ***** *** ********* Access *** **** ****, ******** *****
** *****-*** ****** **** ** ***** three ***** *** *** * ** sure ***** *** **** *** ***** still ******** *****.
*** **** ** *** ****** ** picking ** *****.