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There are some specialized sensors and video cameras that weren’t common in the past and window and door contact switches have gotten a lot smaller, but the basics are the same: a control panel or console, magnetic contact switches, motion sensors, a siren. The new systems may also be connected to central monitoring stations, as do many old style security systems. The big difference, however, is the degree of interactivity. New software platforms, such as alarm. com and iControl allow you to send commands, program home systems, view surveillance video, and receive alerts on a smart phone or computer—whether you’re at home or away. When shopping for a system, review software platforms first. Alarm. com and iControl are the two biggest. The former has partnered with more than 2,500 dealers and the latter with ADT and Comcast. Among other things, you’ll have to decide between a “cellular primary” or “broadband primary” system. The former is a wireless connection to the monitoring station, making it immune to power outages or someone cutting a cable.

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Consider whether you can fund your security system dealership yourself through personal funds or credit cards, or whether you should instead secure a small business loan.

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Ring gives you a seven day grace period to decide what type of monitoring you want and to receive a permit number.