Category: Business motivation

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Business motivation Business Startup Ideas Startup Strategy

5 Important Steps Entrepreneurs must take for the Perfect Product Launch!

So you have a unique idea for a new product that will magically resolve all the challenges that customers in a particular segment are facing. You create a killer product that may bring a revolution to the world. Now you want the entire world to go crazy to purchase it (think about people standing in queue to buy an iPhone).

But none of that happens and you get up with sweat beads all over your forehead. All the hard work and efforts that you have put in to create a product now appear pointless. Scary, isn`t it?

It is extremely easy to get ahead of yourself when trying to create a new product. Envisioning all the sales and profits, recognition, and success that will emerge after your product launch can often take us away from reality. But just like any other business initiative, a product launch also requires time and careful planning.

And, launching your product in the market without having your ducks in a row is a recipe for disaster. Thus, if you have created a brilliant product after investing your hard-earned money and efforts, here are 5 steps every entrepreneur should take before releasing a new product:

1. Be Strategic in Defining your Target Audience

Whether you are creating the new iPhone or a food joint, it is important to find and learn from your core audience. Establish your base and build their confidence in you.

Learn from your competitors as there are no original ideas, only repurposed ones. As you prepare for your product launch, research your competitors. Take from their good, learn from their mistakes and enhance where you think is a scope for improvement.

2. Go All out When It comes to Publicity

Obscurity kills businesses. If you do not shine like a sun when it comes to publicity, you won`t get the attention that is needed to be successful. Before launching your new product, ask yourself two things-

a). How far will I go to get attention?

b). How frequent will I be in my attempts?

If you will not go overboard when it comes to marketing your product launch, you will not get your customer`s attention. Also, having a thorough understanding of the challenge that your product or service is solving is imperative to business growth. It is very surprising to see how it is not thoroughly thought through.

3. Be Clear & Concise about your Target Audience

If someone asks you, “Who is your target audience?” you should have a concise answer. Otherwise, it’s a red signal! Being an entrepreneur is not an easy deal and thus, it is suggested that you should research well about your target audience.

Apart from knowing your audience, you must be well aware of your product`s value. Take testimonials from your client who found success using your product, which can be beneficial for making improvements.

4. Trace & Understand the Buyer`s Journey

What is the foundation of all the marketing and sales activities? The Buyer`s Journey! The process that revolves around the buying process makes the basis of all the activities related to marketing. Thus, it is essential to understand the customer`s pain points, from where do they get their information to, and who influences the purchase. Generally, there are specific events that may trigger a purchase.

5. Focus on Major Media Outlets

Attention is the currency of the internet. An average person consumes an enormous amount of information daily. To hold someone`s attention, cut through the noise. Develop the right media strategy that is suitable for your product launch. Pitch yourself as an expert and focus on high-profile media outlets. However, your pitch must have a sensational hook with actionable advice.

Also, do not just use the traditional medium of advertisements. Use the power of social media and create hype to engage customers. Create strong brand guidelines and ensure that you got the powerful one. Use social media platforms to create a buzz amongst the target consumers.

Another brilliant way to create a buzz around your product before its launch is to reward your customers. Offer discounts for preorders, first-time users, and or something else that can entice users to buy upon launch.

Launching a new product or service is not easy! There are lots of steps involved that can leave a great impact on a product launch. These steps can make or mar your product in the niche market. Know what is best for your product or service with our Problem Solving Courses.  To know more about it, click here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

 

 

 

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Business motivation Business Startup Ideas Startup Strategy

5 Common Pitfalls Startups Encounter and How to Avoid Them!

Home to 21 Unicorns, India is being the 3rd largest startup ecosystem. The Indian startup has received increased attention in recent years. This simply means that their numbers are on the rise and they are widely being accepted and recognized as an integral part of growth.

Though the immense growth and support for startups that are available in all dimensions is a pleasant change, the cold and hard fact is that most of the startups in India fail within 5 years of their launch, as per a report by IBM Institute for Business Value and Oxford Economics.

There are numerous reasons behind the failure of the startup. But one major reason is due to the lack of innovation. Also, startups that fail tend to repeat the same mistakes that prove costly shortly.

Here is a list of five common pitfalls that every entrepreneur makes at the early stages, but should steer clear of them at any cost:

1. They don`t have a Leadership Team that encourages diversity

Starting our list with the most common but costly mistake that founders usually make is when they begin hiring people for their team. Many entrepreneurs hire people just like themselves. On the surface, this appears to be a sound idea, but the danger lies underneath.  Without people who challenge the stereotypes and the founder`s thinking, a startup fails to identify new opportunities or to spot risks until it`s too late.

Avoiding this trap is essential to make a startup business successful. Startups should hire people who think out-of-the-box and know no creative boundaries. The diversity of ideas, skill sets, and backgrounds are the key essentials of every successful startup.

2. They Don`t Invest Time To Find The Right Venture Capital

Capital is essential. But this does not mean that every startup should rush after it. Speed is important, yes, but without breaks, it will result only in a misadventure. Finding a balance speed to find the right fit is equally essential.

Finding perfect Venture Capital is just like finding the right partner for marriage. Take enough time to find the right match- and avoid jumping at the first or the biggest check.

VCs are always on the lookout for the next Uber, Razorpay, Nykaa, or Facebook. To increase their chances, they may invest in multiple companies and come with a growth-at-all-mindset.

To avoid a situation like that put in a considerable amount of time to find a VC partner that will provide thoughtful guidance, mentorship and will be there for you during the challenges.

3. They Create Products Without Considering Customer`s Pain Points

Too often founders get overly enthusiastic about their ideas related to their product or service. They often believe that once they build a product, customers will come. But building a product or a service without any customer validation or A/B testing can be dangerous for a business.

Instead, founders of startups should always find an alpha customer and then create a product to solve the customer`s biggest pain point. Creating a customer-centric product doesn`t happen by just sitting around a conference table brainstorming. The idea to build an amazing product comes from seeking out and tackling the real problems in the world that already exist.

4. They Lack a Clear, Concise & Focused Go-to-Market Plan

More often than not, startups are known to overestimate the demand for their products. Generally, they also lack a clear understanding of how to bring their big ideas to the market. Entrepreneurs should document a clear and concise path to their profitability. To chart this document they should conduct rigorous research and analysis that challenge their market estimates.

This requires an in-depth knowledge of the strengths and weaknesses of their market competitors. Along with that, they should also determine the company`s proprietary advantage in each market segment it is looking to penetrate.

It is also important to be prepared in advance to be able to shift the business with the technological advancement or according to customer needs. And while adaptability is crucial, having a focused plan is also essential. As a startup the resources are generally limited, thus, it is important to be laser-focused for maximum impact.

5. They don`t build Strategic Partnerships

Many startups think about partnerships just in terms of capital and checks. But startups also require strategic alliances that will help them refine their business models, new customers, scale revenues, and generate market awareness.

By making partnerships with large and established companies, startups can save costs on R&D resources as well as the expertise of their professional team.

Want to know what are the other pitfalls that entrepreneurs should avoid? Know it all from the top industry experts with our Everything about Entrepreneurship course. EAE course will give you access to marketing expertise and essential mentorship.

To know more, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

‘Completion before expansion’- Invest your money on a complete project

Planning to buy a new home? Know why you should invest your hard earned money on a complete project rather than an under-construction project.

 

 

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Business motivation Startup Strategy

5 Powerful Fundamentals every Entrepreneur must know for growing Startup!

Startup Tips

Starting your own business can be very exciting. A young mind, which is full of aspirations and creative ideas willing to give everything that it needs to turn a dream into reality, knows no limits. But just like there is no shorter way to success, every successful entrepreneur will tell you that the journey to success is daunting!

No matter what the nature of the business is, there are fundamentals that every entrepreneur must be aware of to keep their business thriving. Doing multiple things at the same time and without having a solid business background, being in charge of a lot of things can feel overwhelming.

Understanding how to read a balance sheet and a financial statement is just as vital as it is to understand how to make, launch and market the product or offer an A-class customer service.

Here are five fundamentals that you must know to grow your business startup:

1. Build & Grow Network

Networking is one of the most crucial factors that can help a business to grow immensely. Topping the list, every entrepreneur must focus on building an online and offline network. Building an online network with some of the most important key influencers is a really powerful thing to do. This can lead to people sharing your brand with others.

If you don`t have a large circle, go out and meet new people to build meaningful connections. Create a profile on social media and be socially active with influential people. Follow their blogs, leave comments on their social network profiles.

Engaging with influential people on social media can bring you to their notice. This can further help you in growing up your business because you never know on which door opportunities will knock.

2. Avoid Rushing

Business expansion is on every entrepreneur`s mind. However, rushing to do a lot of things in a very short time can result in a disaster. If your business is in the early stages then do not try to market your product or service to everyone. Target a small niche of consumers first, and then focus on reaching out to a wider audience. Here is a very informative video that will tell you how you can scale-up your business. Watch it here: https://www.youtube.com/watch?v=LxTCBzr9q-k&t=76s

3. Cash Flow

Budgeting is the first step that will take you on a successful entrepreneurial journey. Understanding the concept of cash flow projection is a vital step. You must be well acquainted with information like how much money your startup can expect to earn. How much profit will be generated, and how much fund will be required to continue day-to-day operations. It is essential to set realistic goals and take a cold, hard, fact-based look at what you can reasonably expect in the future from your business.

Have a basic understanding of financing and fundraising options that include angel investors, venture capital, self-funding, crowdfunding, loans, grants, and more.

4. The Regulatory & Legal Framework

Every business requires certain financial, economic, and legal frameworks in India. Adhering to all the regulatory and legal requirements is required to smooth the working of your business. Some of the legal aspects that your business must include are:

a).Business structure (corporation, partnership, and sole proprietorship).

b).Business name (copyright issues).

c).Tax IDs

d).Permits & Licenses

Understanding the legalities also means managing your rights and maintaining the right to do business. Also, insurance is crucial to any business as the future is uncertain. Having insurance is essential to growing a business at any stage of development.

5. Marketing Strategies

Last but far from least, having deep marketing knowledge is a must-know thing for every entrepreneur. Marketing is essential for the growth and profit of any business.

For instance, you have created an amazing product. It can change the lives of your customers, but your customers are not aware that your product exists in the market. Would it be beneficial for your business or your customer? Not exactly! Hence, you will have to invest a considerable amount of time into marketing.

Also, people do not like to make purchasing decisions impulsively. They need to be persuaded, coaxed, and reassured. That`s what a good marketing strategy does. You will need to understand your customers and their buying behavior to sell your product or services in the market.

These were some of the best tips that every entrepreneur must keep in their mind that will help you to scale up your startup business. Put these to use and with your determination and perseverance, you will see some excellent results.

For more such tips and in-depth knowledge to scale up your business, you can join our ‘Everything about Entrepreneurship’ course. To know more about this course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

10 Powerful Quotes by Business Women to Inspire All The Female Entrepreneurs

Inspiring Quotes for Women Entrepreneurs | Representational Image (Photo Credits: Pixabay)
Inspiring Quotes for Women Entrepreneurs | Representational Image (Photo Credits: Pixabay)

An entrepreneur faces uncountable problems, challenges and threats from the society, which are even more intense in case the entrepreneur is a woman. Apart from financial distress, several societal barriers -age old, orthodox rules and regulations- are needed to be overpowered by the business woman to even think about starting a firm. Once the firm is established, then also the female entrepreneur is at constant hit-list of people doubting her worth, rather the worthiness of the entire gender to start, lead and succeed the entire business, which despite several reforms, remains to be a domain for the ‘man of the family.’ Start-Up Ideas: 4 Profitable Retail Businesses You Can Start Right Away.

In such circumstances, it becomes increasingly difficult for women entrepreneur survive and succeed. They need a constant source of motivation and inspiration to reach their goal and fulfill their dreams. It’s definitely hard, but surely not impossible. 5 Financial Tips for Entrepreneurs Launching a Start-up.

Here are some quotes by successful business women to inspire every female in her entrepreneurial journey:

“Life-fulfilling work is never about the money- when you feel true passion for something you instinctively find ways to nurture it.” – Eileen Fisher, Founder, Eileen Fisher Inc.

“We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success.” – Arianna Huffington, Co-Founder of The Huffington Post

“Make a dreaming mandatory. Let the girls have ambition. That’s a start.” – Suchi Mukherjee, Founder, Limeroad.

“The more we can break the rules, the better off we’re going be,” – Indira Nooyi, CEO, PepsiCo

“You’re not in competition with other women. You’re in competition with everyone.”– Tina Fey, Comedian

“Don’t ever let somebody tell you, you can’t do something,” Vedika Goel, Founder, With You

“When someone says, you won’t do this because you are a girl, I can’t rest until I do that.” – Aditi Chaurasia, Co-Founder, Engineering Babu

“Never sell yourself to a notion. Never sell you to a relationship. You have to be true for yourself.” – Abhijita Kulshreshta, Founder, GemStoneUniverse.

“Think like a queen. A queen is not afraid to fail. Failure is another steppingstone to greatness.” – Oprah Winfrey, TV Presenter

“You women entrepreneurs out there, blaze new paths and don’t allow yourself to be restricted by outdated traditions.” – Lisa Srao, Founder, I Brands Beverages.

The entrepreneurial journey is a long one, with unfathomable hardships, challenges and failure. However, one should never lose hope in the mid-way. Hold on, keep fighting the society till the goal is reached.

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Business motivation

4 Ways Entrepreneurs Can Motivate Themselves When Feeling Low

Ways to Motivate Entrepreneurs| Representational Image (Photo Credits: Pixabay)

Business goes through several phases of ups and downs throughout their operational life, which have a direct and long lasting impact on the morale of its owner and managers as well. For any low business cycle, or any loss that the firm incurs, the entrepreneur also starts to doubt her caliber and question her self belief. A negative market reaction suddenly plunges all the motivation in the business owner. The entrepreneurial journey is a long, tiring one with full of hardships and unseen contingencies. A business person needs to be ready to face any challenge, for that one should always be positive and forward looking.  5 Motivational & Inspiring Quotes for Young Entrepreneurs to Help Them in Difficult Times.

The business environment poses as  a constant threat to the operations and performance of the firm. To keep up with the constant tribulations and hardships, an entrepreneur needs to be herself motivated. Here are some ways for young business person to pull themselves out of low-phase and get to work:

Have Mission Statement:

First and foremost thing for any entrepreneur is to have a mission statement, which includes what she wants from business, why she started it, what she wants to achieve and how she wants to carry forward the business. Every time one is feeling low, read and re-read it till all the positivity and will to work comes back.

Read it Out:

Another way to overcome low-mood phase is by reading motivational stories, novels, biographies, short-stories, success articles, and other which helps the entrepreneur to focus on the positive side of the spectrum and induce the spirit of ‘never give up’ in her. Readings need not necessarily be of motivational genre, any write-up that makes one feel motivated would do. 7 Inspirational JRD Tata Quotes that will Motivate you to Chase your Dreams!

Watch Movies:

Watching movies and documentaries is a good way to refresh the mind. It shifts the focus from the problem at end and relaxes the entrepreneur, thereby helping her to come up with innovative solutions and take correct decision. If after a tiring or disappointing work day, a good visual treat always charges any person up.

Talk With Friends:

One of the best way to overcome a low phase is by talking it out. Sharing the thing that is troubling one with their friends or relatives always brings a peace of mind to the entrepreneur. Discussing problems with others also at times provides solutions to them.

The long entrepreneurial journey is filled with numerous highs and lows, however to achieve success one must keep going till the final destination is reached. Feeling low and demotivated is obvious, still to fulfill one’s dream and have a successful business person, one should keep self motivated and positive.

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Business motivation

5 Motivational & Inspiring Quotes for Young Entrepreneurs to Help Them in Difficult Times

Motivating Quotes| Representational Image (Photo Credits: Pixabay)
Motivating Quotes| Representational Image (Photo Credits: Pixabay)

The journey from ‘Passion’ to ‘Profession’ is not an easy one, still many young and determined people take it up, and start taking small but firm steps to reach their destination. However, some of them tend to back out in the middle owing to the hardships and the hurdles. On the journey to establish their own business, people face have many difficulties, from self-doubt, guilt to social pressures, financial hardships and peer pressures, which lead them to drop their dream start-up plan in the middle and change the path.7 Inspirational JRD Tata Quotes that will Motivate you to Chase your Dreams!

From idea generation to actual implementation, a business person has to undertake and carry out various tasks pertaining to different aspects of firm. Many young entrepreneurs find it difficult to cope up with them. In such situation, constant source of motivation and inspiration is required to keep up the spirits. Here are some quotes to keep you motivated:

“One of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you.” -Amazon.com Founder Jeff Bezos

“The way to get started is to quit talking and begin doing.” – Walt Disney, Co-Founder The Walt Disney Company.

“Be ready to work! Business is not simply built on innovation — we’ve had a great idea in a great industry that’s required quite a bit of “perspiration” and late nights to achieve.” – The Zebra Founder Adam Lyonz The Most Inspiring Journey of Mary Kom: Born to Beat Adversities!

“The core of any business is to earn money. You have not done your job well until you find a stranger who is willing to open his/her wallet to give you money for the service/products that you are offering.” – Filpkart Founder Binny Bansal

“If you fully accept the worst that can ever happen in your journey, fear won’t ever be an obstacle in starting-up.” – FreeCharge Founder Kunal Shah

Nothing in life that is worth it comes easy. Every time one thinks to quitting on the journey of her dream destination, remember why she did start it at the first place. An entrepreneurial journey is a life changing one. Any one who undertakes it is bound to face difficulties, however giving up in the middle is not an option. Stay Strong and Keep Moving till the dream is achieved!

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Business motivation Finance

India Ready To Offer Incentives to Tesla for Cheaper Production Costs Than China

Tesla (Photo Credits: Pexels)

New Delhi, March 3: Minister of Road Transport and Highways Nitin Gadkari said that India is ready to offer cheaper production than China to Tesla Inc if the electric carmaker commits to set up a plant in the south Asian country. This development comes after billionaire Elon Musk’s firm registered a company in India in a bid to enter the local market.

According to a report by Reuters, Tesla is planning to import and sell its Model 3 electric sedan in India. Gadkari said that instead of importing, the carmaker should make the entire product in the county. “Then we can give higher concessions,” he said.

“The government will make sure the production cost for Tesla will be the lowest when compared with the world, even China when they start manufacturing their cars in India. We will assure that,” the transport minister was quoted as saying by Reuters.

In 2020, only 5000 electric vehicles were sold in India due to poor charging infrastructure. Whereas, in China, Tesla sold 1.25 million EVs. Gadkari said that India is a big market and could also be an export hub. “I think it’s a win-win situation for Tesla,” the union minister told the news agency. The minister, however, did not give particulars of what incentives would be on offer.

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Business motivation

7 Thought-Provoking Quotes by Kiran Mazumdar Shaw that will Inspire your Every Bit!

kiran mazumdar shaw

Kiran Mazumdar Shaw needs no introduction. The Chairman and Managing Director of Biocon Ltd, she was voted twice by Forbes as one of the most powerful women in the world, she is one of India`s most influential and successful female icons.

However, her path to success was laced with multiple challenges and hurdles. Her journey to fame was not a cake-walk. Instead, she worked hard and didn’t shy away from putting in everything she had to reach the pinnacle of success.

In 1978, Kiran Mazumdar Shaw joined Biocon Biochemicals Limited, Ireland as a trainee manager. Soon after joining them, she opened a branch in India in the same year. With an initial investment of INR 10,000 and a rented garage, she commenced her entrepreneurial journey.

Initially, she faced many challenges in getting a loan as the bank did not trust her idea. Her father was also asked to be her guarantor. She had to convince people to join her firm in the beginning. Her first employee was a retired garage mechanic. The quality drinking water, uninterrupted power supply, sterile labs, imported research equipment, and workers with advanced scientific skills were not easily available. Despite encountering all these challenges, she continued to work and never gave up.

But as we say that even luck favors those who refuse to give up. In 1987, Narayan Vaghul of ICICI ventures helped in the creation of venture capital with funds of USD 250,000. In 1989, Biocoin Ltd became the first Indian biotech company to receive US funding for proprietary technology.

In 2014, Biocoin was oversubscribed 33 times when the company went for an IPO. It became the second Indian company to cross the 1 billion mark on the first day of listing.

Mazumdar Shaw is known not only for her professional accomplishments but also for her philanthropic measures. She believes strongly in giving back to society and has pledged to divert half of her wealth towards the development of infrastructure required to battle against Cancer.

Through her journey that was full of ups and downs, she has inspired several women to enter the biotech world in India.

Here are some of the most thought-provoking quotes by Kiran Mazumdar Shaw that will motivate you to achieve something big in your life:

  1. “I want to be remembered as someone who put India on the scientific map of the world in terms of large innovation. I want to be remembered for making a difference in global healthcare. And I want to be remembered as someone who did make a difference to social-economic development in India.”
  2. “I think, in terms of corporate philosophy, I’ve always believed that you’ve got to treat people in a very, very egalitarian manner in the sense I like to treat people on a one-to-one basis. And I like people to take on a lot of responsibilities because I think with a sense of responsibility also comes a sense of purpose.”
  3. “As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it.”
  4. “I believe that entrepreneurship is about being able to face failure, manage failure and succeed after failing.”
  5. “I hate the title of being called ‘the richest woman in India’, but it’s the recognition that this was the value that I had created as a woman entrepreneur, and that makes me very, very proud.”
  6. “My legacy is going to be in affordable health care. I am willing to invest in developing that model and the policies around it.”
  7. “One of my objectives, when I started Biocon, was to make sure that I create a company for women scientists to pursue a vocation.”

Do you have a dream that does not let you sleep? Then, achieve it with our Everything About Entrepreneurship course. Learn what are the challenges that you might encounter and how to break through them easily.

To know more about our course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

 

 

 

 

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Business motivation

12 Best Business/Entrepreneur Movies Based on True/Real Life Stories

Movies Every Entrepreneur Should Watch| Representational Image (Photo Credits: Pixabay)
Movies Every Entrepreneur Should Watch| Representational Image (Photo Credits: Pixabay)

It is not easy to be an entrepreneur or businessman. No matter how much you work harder, there are going to be many challenges to be successful. At times, you can get demotivate. So it’s a good idea to watch a movie. The movies based on real-life entrepreneurs help you learn from other people’s mistakes.

Here we have created a list of top movies that are based on real-life stories of entrepreneurs. All these films have been inspired by true stories that will boost-up your dreams and motivate you.

  1. Jerry Maguire by Cameron Crowe
  2. The Pursuit of Happyness by Gabriele Muccino
  3. The Aviator by Martin Scorsese
  4. The Social Network by David Fincher
  5. The Wolf of Wall Street by Martin Scorsese
  6. The Founder by John Lee Hancock
  7. War Dogs by Todd Phillips
  8. Guru by Mani Ratnam
  9. Jobs by Joshua Michael Stern
  10. Joy by David O Russell
  11. The Big Short by Adam McKay
  12. Tony Robbins: I Am Not Your Guru by Joe Berlinger

Even if your business is not related to anything shown in these movies, you can still get a lot of motivation. The path towards success comes with lots of ups and downs. If you feel like quitting, give yourself a break and spend an evening watching movies.

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Business motivation

How To Turn Your Hobby Into Full-Time Profession

hubby into a business

The best way one relieves themselves from stress during leisure is by practicing their hobbies. While everyone has their way of escaping from the hassle of daily life, there are very few people who think of turning their passion into a profession. Here we are a few ways in which you can turn your hobbies into earning:

Illustration and Designing: Some people love to draw and design digitally. They can become cartoonists, illustrators, or graphic designers. These professionals are searched for across a wide range of industries including journalism, videography marketing, and many more.

Traveling: There are a lot of people who love to travel but there are very few who know that they can be paid to do so. There are a lot of travel websites that search for people who can make videos or write blogs while visiting less-known locations around the globe and pay for doing that.

Gaming: If you are a gamer, you have an incredible opportunity to earn while playing some mind-blowing games. Companies that build gaming apps hire gamers who can play their games and discover bugs in them. Apart from that, there are a lot of apps easily available on your smartphone that pay you for playing games.

DIY Crafts: If scissors and glue are your best friends, you need to thank them for creating an opportunity for you to earn. There are a lot of websites including amazon and Flipkart where you can sell your handmade craft products. Apart from that, you can also make customized or personalized orders through social media platforms such as Instagram and earn a great amount of money.

Refereeing: For those who love sports, there is a way they can turn their love into a profession too. They can turn their hobby into a profession by becoming a referee in various sports including basketball and football.

Playing an instrument: People who limit their art of playing an instrument on the weekends can turn it into a profession. Many cafes invite instrumentalists to play on special occasions and weekends. You may also join a band to make money from your hobby.

Baking: There are a wide variety of people from children to housewives who love to bake. Some talented people can bake cakes and dough in incredible shapes. They can open their bakery or prepare customized orders and earn from the same.

Mimicry: There are very few talented people who can mimic celebrities, cartoon characters, or animal sounds. These people have a great opportunity to become voice-over artists and Radio Jockeys (RJs). If turned into full-time professions, these opportunities can make on earn even lakhs of rupees every month.