What is a GPS watch and what are its features?
A GPS watch is a type of watch that uses the Global Positioning System (GPS) to track your location and provide you with information about your surroundings. GPS watches usually have features that allow you to track your fitness activity, such as how far you have run or how many steps you have taken. They may also include features that allow you to track your heart rate and sleep patterns.
Popular GPS watch brands such as Garmin and Apple Watch offer a wide variety of features, making them a great choice for those who are looking for a watch that can do it all.
The cons of a GPS watch is battery life, as the GPS unit tends to use up a lot of battery power. For example, the Apple watch can only last for one day, which means you need to charge your Apple Watch almost every day.
Additionally, GPS watches can be expensive, with some models costing over $500. For example, the price of an Apple Watch with GPS starts at $399. And the price of Garmin starts at $349.
So, for business buyers, a GPS watch may be the wrong choice for you. GPS does not have an overall good user experience because of its very limited battery life. And the price is not affordable for consumers.
What is a smartwatch and what are its features?
A smartwatch is a type of watch that uses Bluetooth technology to connect to your smartphone, and provides you with information from your smartphone, such as text messages, email, and social media notifications.
Smartwatches usually have fitness tracking features similar to GPS watches. However, the smartwatch does not have a built-in GPS, so it relies on your smartphone’s GPS to track your location.
The pros of smartwatch is that it has a longer battery life than GPS watches as it does not have to use power to connect to the satellite. For example, the Samsung Gear S smartwatch can last for up to three days on a single charge. For most products made by Starmax Technology, for example, the GTR1 Smart watch, the battery life is up to 7 days, and even longer.
Another advantage of the smartwatch is its price, as some models can be purchased for less than $100. Fitbit, a popular smart watch brand, the price of Fitbit Versa starts from $199.99, and the price of Fitbit Inspire 3 starts from $99.95.
The con of the smartwatch is that it still needs to connect to your smartphone in order to function. But nowadays everyone takes their smartphone when they go everywhere, so this is not a sort of “con” anymore.
What is a fitness tracker and what are its features?
A fitness tracker is a type of wearable device that tracks your physical activity, such as how many steps you take, how long you exercise, and how many calories you burn. Fitness trackers usually come in the form of a wristband or clip that you can wear on your clothing.
Most fitness trackers will also track your sleep patterns and heart rate. Some fitness trackers, such as the Fitbit Flex, even have the ability to track your water consumption.
Fitness trackers are a great choice for those who have a low budget, as they are usually much cheaper than GPS watches and smartwatches. For example, the Fitbit Flex can be purchased for as little as $59.95.
The downside of a fitness tracker is that it has very limited features compared to GPS watches and smartwatches. The screen is smaller than smartwatches, and battery capacity is lower.
But for business owners, especially those in growing markets, the fitness tracker is the best way to enter the smart wearable products market. The price is very affordable to low-income people.
Compare the three types of watches based on price, features
Which Fits Your Business Best: GPS Watch, Smartwatch, or Fitness Tracker?
| Smart Watch | Fitness Tracker | GPS Watch | |
| Price and Cost | $$ | $ | $$$$ |
| GPS built-in | X | X | ★ |
| Works with Phone GPS | ★ | ★ | X |
| Battery Life* | 7 Days and up | 10 Days and up | 1 Day |
| Sell in Developed Countries (US, EU, Japan, Australia, GCC, etc.) | ★ | X | ★ |
| Sell in Developing Countries (APAC, Latin America, Rest of the world ) | ★ | ★ | X |
| Sell in Low-income Countries | ?** | ★ | X |
| Sell Online (Amazon, Shopify, etc.) Estimated Demand | ●●●● | ●● | ● |
| Suit for Gifts | ★ | ★ | X |
| * Data and statistics for reference only |
Notes:
* statistics based on average data ** depends on market demand
Which one would be best for you to sell? Are they profitable?
The GPS watch is the most expensive type of watch, with some models costing over $500 at retail.
The smartwatch is less expensive, with most models costing less than $50 at retail.
The fitness tracker is the least expensive type of watch, with some models costing as little as $20 at retail.
