3. Choose Job if you
- Can’t take risks
- Can’t afford financial struggle
- Can’t work hard
- Can’t afford failures
- Can’t operate yourself under extreme uncertainty
& pressure
-It’s not wrong doing Job..you going in different
path…that’s all
4. Important Traits of
Entrepreneurs
- Persistence
- Passion
- Patience (Tolerance)
- Perception (Vision)
- Confidence
- Flexibility
- Strong decision making skills
- Think & imagine limitless
5. How do you know that you are fit to do business?
-You always feel that you can make things much better
while using any service or product
- You good at convincing people
- You good at managing people
- You take the challenges and like to fix the problems
- You think creatively
6. What is the business?
Business is a commercial activity….transaction happens in between customers
or businesses in exchange of money
What’s the best age to start a business?
Studies showing that the best age to start the business is late 30’s but there are
entrepreneurs who started their companies before in early 20’s and made
them world’s best companies
My advice is start your business as early as you can…it’s good failing in early
age
7. Start your business...
-When you feel you can make things
much better than others
- When you have a passion to start a business
- When you have an innovative idea
- When you believe yourself that you can
change something the way that is - Google
9. Why to choose an online business?
-Low cost & risk
- Can do in free times – extra income
- Can work from anywhere & anytime
10. Advantages of online businesses?
-You can take your business global sitting in your home
-Website operates 24X7
- Minimized resources
- Easy marketing
12. Write a simple marketing plan
1) What’s your product or service
2)Understand the potential of your business idea
3)Target Audience
4)Realistic and measurable goals for next 1 year
5) Strategies & Tactics
6)Budget Breakdown
13. Revenue Plan
How much money we can
generate & how
- 3 months
- 6 months
- 1 year
14. Recheck potential of your business
idea and why not other companies
get there…..Is it unique idea?
- Is it a risky?
- Any technology constraints?
- Any regulations stopping?
16. Start building your website
Release Minimum Viable
Product
Ex: Lean startup - Toyota
17. Start marketing your product by
spending as much low as
possible
Don’t pour money on marketing
until you see initial traction for
your product…
(You are building product in uncertainty)
19. Marketing becomes an easy task
when you know….
Who are your target audience?
Who are potential prospects & what they do? – Ex: Ayurvedic
products
What’s your marketing objectives? Branding or Increasing sales
What are the marketing channels ? Like SEO, PPC & Email
Marketing….media channel as well
- Marketing budget & how much you can spend
20. Selling become an easy task
when you have a…
-Unique product - Monopoly
- Innovative product
21. Marketing is not a selling
…it’s more about understanding
customers & their problems
Which leads to opportunities
Treat every customer as first
customer
22. Learn from your competitors
…..but not imitate them
Chance of failure is 95% with
me too products
23. Market on every possible channel
(Focus on inbound marketing – don’t leave mobiles)
Don’t leave any space for your competitors
25. Focus on quality service, it will
give you the more business
Quality is the mantra to get
more referral’s
- Google & Apple
26. Be on top of the industry
trends….
Focus on the innovation like
process innovation & Service
Innovation etc..
27. Understand your product or
service has any potential
threat in near future
(Did someone think there is end for few businesses?)
Ex: Cell phones - MP3 Players,
Calculators, Watches etc…
31. Data tell us a story – understand what it is
Example: Snapdeal COD
Drill the data down to the best possible level
Example: Instagram
By user, geo, demographic, browser & device etc
33. Be flexible with your business
idea, don’t think that you have
to stick to the initial idea, you
can slice & dice your idea for
better outcome as time goes
Examples:
Airbnb.com
Instagram.com
34. There is only fuel for the growth –
that’s innovation
Tap market share with your creativity
(Innovate a new product or from existing product)
35. Take your innovative product
ASAP to the market…if not
some is there to innovate the
Example:
Kodak X Samsung
36. 4 Ways to Grow Your Business
1) Sell more products to the existing customers
2)Acquire more customers with same product
range
3) Increase the product range
4) Mergers & Acquisitions
37.
38. Let’s Take a Short Break…
Next session starts at 12pm by Aryan
39. Risk free
Business Ideas
to start immediately
(BUT NEED GENUINE EFFORTS TO MAKE MONEY)
40. Sell others products on
your website –Marketplace
Like Amazon & ebay etc…
http://www.affilorama.com/
43. Watch these two presentations on Ecommerce
E-Commerce A to Z
http://www.ecomlytics.com/ecommerceatoz/
E-Commerce – Market, Measure & Grow your
Business
http://www.ecomlytics.com/e-commerce-market-measure-grow/
53. Rent a room for the foreigners
https://www.airbnb.co.in/
54. Get Paid for Software Testing
http://softwarejudge.com/
55. Why people does not start a web
business?
-Not interested in doing business
- Habituated to salaries & hikes
- Feel doing business is too difficult
- Have not enough money
- Do not have technical knowledge..but you
can manage
- Do not have any innovative ideas
56. If you have good business idea…
there are number of companies
help you to take your idea to world
Startup Help by NASSCOM
http://10000startups.com/
57. What do you need to get succeeded
in your web business?
58. Do what it matters !!!
(You have to focus on strategy)
Depends on your business idea
You need to know 3 Core areas
1) Internet Knowledge
2) Website Technology Knowledge
3) Online Marketing
60. Best resources to learn online
marketing
http://www.quicksprout.com/blog/
http://www.quicksprout.com/2014/09/22/get-your-mba-in-internet-marketing-
with-these-12-guides-and-2-courses/
https://blog.kissmetrics.com/marketing-guides/
https://blog.kissmetrics.com/infographics/
You can find better websites based on the topic of interest
62. Come out and look
at the world….
You can do when
everyone is able to do
Believing in Yourself
is 1st step to success
63. At some point, we have to bet on our
life with marriage
We can bet once on business as well !!!
64. Bet on Yourself !!!
Life is too short…
Do whatever you want right now !!!
65.
66. Business Websites
http://business.gov.in/
http://growthhackers.com/
http://www.forbes.com/
http://www.inc.com/
http://www.entrepreneur.com/
http://www.bloomberg.com/
Business Movies
- Jobs 2013
- The Social Network
-Wall Street
- Money Ball
- Too Big to Fail
- The Pursuit of Happiness
- The October Sky
Business Books
-The Lean Startup
-The innovator's dilemma
67. Watch this Presentation
@
Ecomlytics.com
(Please leave your feedback about this event in the comments section)