Month: January 2021

Categories
Business motivation

3 Brilliant low-investment Online Businesses to Start Now!

onlline business

Have you lost your job recently or want to quit your dead-end job to follow your dreams of starting an online business? If you can feel yourself nodding, then keep reading!

The Indian startups of today are the MNCs of tomorrow that can go a long way in achieving the goal of ‘Astmanirbhar Bharat’, Prime Minister Narendra Modi said, after laying the foundation stone for the permanent campus of IIM-Sambalpur in Odisha through video conference.

According to a report published by Forbes India, ‘the Indian startup ecosystem flourishing rapidly, with more than 25 startups becoming a billion-dollar company and joining the Unicorn club.”

Now, when the growth is so phenomenal, it is an excellent time to start your online business. But firstly, it is very important to understand that your perfect online business idea should consist of three things:

a). It should be something you like doing

b). It should be something you are good at

c). and it should be something that is in demand and you get paid for it.

So whether you already have a business idea, or are confused about it, worry not! We have curated a list of 3 low-cost online business ideas that you can start this year:

  1. ONLINE BOOKKEEPING

Just like so many other professions, even bookkeeping has gone online. If you are an accountant or a college student who is good with numbers, you can start offering your services online to companies. All you have to do is set-up a client account and manage it online.

  1. LANGUAGE TRANSLATOR

Despite the technology taking the front seat, the demand for skilled translators is soaring high. It is one of the best online business ideas that do not require any investment. All you need to do is build your profile online on various sites that are looking for translators.

  1. AFFILIATE MARKETING

Being an affiliate marketer can be profitable if you know about digital marketing and blogging. Affiliate marketers earn commission on sales by promoting the products of other people. Affiliate marketing is often combined with wth blog writing. So if you have a blog page that is both engaging and followed by users in large numbers, becoming an affiliate marketer is an excellent low-cost business idea.

The online business ideas we have mentioned above do not require a huge investment. In fact, they are brilliant zero investment business ideas. If you want to have a business on your own, learn the most essential things that you will require when setting up your start-up with our Everything About Entrepreneurship course.

It will give you some of the simplest tips and will guide you from the beginning and throughout your journey. To know more about this course, visit https://www.badabusiness.com/?ref_code=ArticlesLeads and we will get back to you!

Categories
Startup

Food Business Ideas: 4 Low-Investment and Interesting Food Businesses That You Can Try

Food Businesses in India (Photo Credits: Pexels)

If you are fascinated about cooking and want to try your luck in any food business, this year can be your year! If you are a foodie and love to make and eat food, you should try and establish a business in the food making industry. If you are planning to start a food business, you should think about: What will differentiate your product from the rest? What are successful food businesses and what do you have to do to go beyond your competitors? When starting your food business ensure you incorporate the lessons from these businesses to ensure your food business idea is a success.

One thing that you should keep in mind while starting a food business is, you should gain knowledge related to food safety and food handling practice as it is very important for your business. Here are few ideas that can help you start a food business with low-cost items which are relatively simple to keep the quality consistent.

Bakery

Do you love baking for your friends and family? If you’re a skilled cook, why don’t you sell your delicious creations? If you are good at baking and have the eye for detail for cake designs and pastries and a lot more, then no one can stop you from starting your bakery business. One thing that you should keep in mind before you start is you should be excellent at preparing recipe related to bread and biscuits. You can start this business at small scale and then depending on the demand and the reach, you can expand it.

Cooking Class

If you are really skilled in cooking and know how to tingle the taste buds, you can try starting a cooking class business. Many people desire to learn the art of cooking and tend to look for online cooking classes or a cooking tutor who can help them get away with basic cooking tricks. In the time of COVID-19, online cooking classes can fetch you good money by just sitting at home and the investment requirement for this business is very low.

Pickle Making

There will be hardly anyone who doesn’t like pickles. If the demand is so high and if you are good at making the yum spicy pickles, why don’t you give it a shot? It is one of the home based small scale business idea which will not need much money to start with. People usually prefer homemade pickles and the domestic consumption is also very high apart from the export.

Fast Food Shop

People love to eat junk food. The fast food business in India is one of the most popular food business ideas today which you can get your hands on. Apart from teenagers, people of all age groups prefer fast food during snack time.

Categories
Business motivation

The Truth behind Tata Motors and Tesla Joint Venture!

tata motors and tesla joint venture

As the entire world has realized the importance of going green, India pushes stronger for electric vehicles in its bid to reduce carbon emission. To ensure a cleaner and greener planet, a host of EV or electric vehicles are waiting to be launched this year.

While some of the Mahindra and Tata Motors electric cars have already been showcased, US-based Tesla will be the latest entrant to join the list. Though the news is yet to be confirmed, the shares of Tata Motors surged further by 11% on Tuesday.

The buzz over the Tata-Tesla partnership is the reason behind the surge in the share market.  The sales numbers also have seen a growth from Jaguar Land Rover (JLR) for the third quarter.

According to ‘Businesstoday’, Tata Motors’ share has rallied over 13% in intraday trade to hit a fresh 52-week high of Rs. 249.50 on the Bombay Stock Exchange on Tuesday on the back of the strong volume. The Tata Group stock has soared 26 percent in two sessions amid the buzzing reports of the Tata Tesla joint venture.

Tata Motors shares have gained 23.27% in one year and have risen 31.79% since the beginning of the year. The stock has surged to 35.4% in a single month. The rise in stock is due to the recovery of JLR sales in China, according to the reports published by ‘Businesstoday’.

The share price of Tata Motors has delivered a massive return of 292 percent from its 52-week low of Rs. 63.60 as of March 24, 2020. It has gained 23.27 percent in one year and has risen 31.7% since the beginning of the year.

There have been various factors that boosted Tata Motors` stock, such as increased sales of its overseas subsidiary, Jaguar Land Rover (JLR), along with the partnership between Tesla Inc. and Tata cars. Unfortunately, there is no truth behind those reports. However, Tesla cars are planning to begin their operations in India.

The US-based EV maker Tesla cars is planning to make an official entry into the Indian automotive market. A local entity called Tesla Motors India and Energy Private Limited will be set-up with it`s registered office in Bengaluru.

A statement released by Tata Motors states, “Tata Motors has not taken any decision regarding a strategic partner for its PV business and categorically denies any, and all rumors suggesting the same.”

Earlier on January, 15, Tata Motors announced the sales figures of Jaguar Land Rover, which was earlier hit by the COVID-19 pandemic. However, it is showing a sign of recovery as sales in China remained strong.

Did you enjoy reading about the latest Tata-Tesla partnership? Click here at www.news.badabusiness.com for more amazing stories.

Thinking about investing in stocks or doing a partnership to grow your business? Learn all the finest details and strategies that will help you to establish business partnerships with our Everything About Entrepreneurship course. Take your first step towards a successful business by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads Visit now!

Categories
Startup

Expect 12 more Indian startups to become Unicorns, several IPO in 2021: NASSCOM

startup
Startup

As we emerge from 2020 that was no less than a nightmare, 2021 appears to be a great year in terms of economic growth and the Indian technology startup ecosystem. The Indian tech-startups are witnessing constant growth, courtesy of the rapid digitalization and innovative technology adoption.

According to a joint report by NASSCOM & global management and strategy consultancy Zinnov, ‘India will have at least 12 more unicorns in 2021 as the Indian tech startup ecosystem will continue to grow on the back of new technologies.

NASSCOM President Debjani Ghosh said in an interview, “Tech startups have done a tremendous job of pivoting their businesses. I honestly believe what happened in 2020 has strengthened the foundation for stronger and continued growth. Remote work turned to strength and advantage. Startups are now thinking ‘build local but go global.’

“In terms of policy measures, we need continued focus on ease of doing business for startups and think about how we can have more domestic capital, especially when it comes to deep tech”, she further added.

The NASSCOM report also stated that the addition of 12 more unicorns in 2021 will take the total count of Indian unicorns to 50. In 2020, the coveted unicorn club was joined by 12 startups including Unacademy, Razorpay, PineLabs, Nykaa, FirstCry, Postman, and Zerodha.

Paytm with its valuation at $16 billion, has become India`s most valuable unicorn, followed by the Bengaluru-based ed-tech startup BYJU`s.

Adding further, NASSCOM also said 2021 will witness the startup IPOs that will strengthen in 2021-22, with several profitable firms such as Druva, Freshworks, Delhivery, and PolicyBazaar planning to announce their list of shares.

In 2020, IPOs raised around Rs. 30,000 crore in the capital, while in 2019 around Rs 12,362 crore was raised. The experts, however, say 2021 will match those numbers.

InMobi, which is the first Indian startup to achieve the Unicorn status is planning to issue guidance on its IPO in a few quarters. According to Naveen Tewari, Founder & CEO of InMobi, “the startup is certainly excited about the possibility of an IPO (Initial public offering), and is evaluating it very strongly”.

Earlier this week, Mint reported that the omnichannel beauty and lifestyle retailer Nykaa, is planning an IPO by the end of 2021, or early 2022. Founded eight years ago, Nykaa will be the first online retailer to launch an IPO in India.

It has allotted shares worth Rs 64.3 crores under ESOP and looking to join other e-commerce giants such as Zomato, Flipkart, Pepperfry, who are also preparing for the public markets.

2021 will be a year full of opportunities if you are thinking about investing in IPOs this year. Other companies like LIC, Grofers, Zomato, and Ola too might join others, this year.

You too can generate passive income from your wealth by investing in IPOs. Learn smart investing strategies to generate income from Gold, Wealth, and Real Estate from our Problem-Solving Courses. Enjoy financial freedom by clicking here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

Categories
Business motivation Startup

Want to Have Your Own Business But Facing Budget Issues? Here are 5 Businesses You can Start Under Rs 10,000

Business Ideas | Representative Image (Photo Credits: Pixabay)
Representative Image (Photo Credits: Pixabay)

The world is living in the era of entrepreneurial development and start-ups. More and more people are drifting away from the ‘regular-income job’ mindset and exploring various fields to establish their own business and be their own bosses. The present entrepreneurial generation aims to start their own business and fulfill their dreams. They want to bridge the gap between their passion and profession. The biggest problem however remains the budget. Every person needs a certain amount of seed capital to establish the business and comply with the legal requirements. Prarambha: Everything you must know about the Startup India International Summit! 

Many people give up on the dreams of having a business of their own, owing to shortage of funds and capital. However, there are certain businesses that can be started with a pocket friendly budget. Here are 5 start-up ideas to establish business with Rs 10,000 –

Jewellery Making

There is a lot of demand of customised and artificial jewellery. Not only young generation, people from all the age groups look for fashionable jewelleries for celebratory and causal occasions. In does not require any official set-up or office space, basic raw materials like beads, strings, and artificial jewellery pieces among others to start the business. Such jewelleries can easily be sold at online stores, exhibition and haats. Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector.

Vlogging

Vlogging is an extremely low-cost business which is highly popular these days. Many youngsters are taking up it professionally. They make videos and upload it on various video platforms such as YouTube and Vimeo, and earning money. People can make videos following their passion and expertise. It requires minimum investment in a good camera phone and video editing software.

Food Truck

Another interesting business for people who love travelling and cooking is to have a food truck. It works as a mobile restaurant too. The biggest investment in this business is to have a truck or any other accommodating vehicle. Once a truck is arranged, all that remains is grocery and hit the roads, make food, serve people and earn money while doing the thing you enjoy.

Yoga Trainer

More and more people are adopting and including Yoga in their fitness regime. If someone have an expertise in Yoga, by becoming an instructor of practise one can earn a good amount of money and ensure a regular stream of income. There is no need to any material investment; however the person should have a proper training and knowledge of the art. Many people are giving Yoga classes through online channels, making people fit and health, and earning money.

Bakery

Another interesting and delicious business one can start with a minimum investment is homemade cakes and cookies. People are avoiding buying food items from large stores and restaurants and looking for homemade alternatives of the same. Starting a bakery does not need much of an investment; all it needs is regular kitchen supplies and a pinch of creativity.

Shortage of investment remains the biggest drawback for people who want to start their own business. However, there are certain low budgets businesses people can start with minimum costs. You are start small, work hard and make the business a success.

 

 

 

 

Categories
Sales

5 E-commerce Conversion rate Tips that will double your Sales

ecommerce

Whether you are an entrepreneur, solopreneur, or a businessman looking to boost sales through e-commerce websites, welcome to the real world of real challenges! Where having a business website appears all breezy, let us tell you the truth- a lot goes into designing, building, and launching an e-commerce website.

Though you may feel that your job ends there, the matter of fact is that your real task of attracting customers to your website begins right from that point. Not just that, you would also want your customers to buy your products.

Whether you are an entrepreneur who is just starting up, a solopreneur who is running the whole show yourself, an e-commerce manager, or a marketing director who has some massive goals to hit and KPIs to achieve, this theory applies to everyone.

In an increasingly competitive digital world of buying, when it comes to encouraging customers buying behavior, there are some critical dos and don`ts.

If you are planning to build, expand, and increase your business revenue, a good conversion rate is necessary.

So what is an e-commerce conversion rate?

The percentage of your visitors that land on your website and completes the desired action by purchasing your product or subscribing to your service, this whole act is defined as the conversion rate. The average e-commerce conversion rates are 1%-2%.

However, even if you have smart strategies and doing everything right, the conversion rate will turn around 2% of the time.

But how can you improve and double up your conversion rate? Here are 5 amazing tips that will help you double your e-commerce sales:

  1. Persuasive Website Design

A visually appealing website is the first step towards doubling your conversion rates. If your business website is not designed in a manner that keeps users engaged and to move forward with call-to-action, then nothing else will work out.

Visual persuasiveness is essential to pull your visitors! Hence, create a website that is simple, organized, and offers an interactive user experience.

  1. Need for Speed

No, we are not talking about the super-popular game! There are only a few things in the world that are more frustrating than waiting for a website.

According to Google Marketing Platform a slow website that takes more than two seconds to loads, can make you lose around 53% of your customers. Even a delay of a single second in website loading can result in a 7% reduction in customers.

  1. Check your Hosting Plan

If your site offers distinct hosting levels, always ensure that you have subscribed for the highest performing version. The extra money that you will spend on a hosting plan for your e-commerce website will be worth it if it helps you to boost your conversion rate.

  1. Use Optimize Images

No excuses! Why? Because optimized images can help to increase the number of visitors to your website. Many tools are available online and you can opt for both free and paid tools. Always ensure that your images are not killing your website`s performance.

  1. Pay attention to SEO & CRO

Search Engine Optimization (SEO) & e-commerce websites are like best friends! SEO can increase both traffic & conversion on an e-commerce website. While SEO optimizes content for search engines to rank your website higher, CRO (Conversion rate optimization) optimizes content for customers and users to drive them to finish the call-to-action.

If you are looking to double up your conversion rates, each of the bullets above is worth a guide all their own. However, there are more creative ways to attract and engage your customers on your website and make them buy your products or services.

Learn more with our Everything About Entrepreneurship Program that will boost your sales. Increase your conversion rate by 2X now! Click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Business motivation

3 Innovative Technological Tools for Hi-tech Farming

hi tech farming
ऑर्गेनिक फूड बिजनेस

India is one of the 15 leading exporters of agricultural products in the world. Agriculture is the backbone of the Indian economy and the primary source of livelihood for around 58% of the population.

Gross Value Added (GVA) by agriculture, fishing, and forestry was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20 (PE). Agricultural export from India is around US$ 38.54 billion in FY19 and US$ 35.09 billion in FY20. source https://www.ibef.org/industry/agriculture-india.aspx

India has made steady developments and immense progress towards agriculture post-Independence. However, the country relied heavily on imports and food aids to meet domestic requirements during the mid-1960s. But the severe drought in 1965 and 1966 followed by the Green Revolution convinced India that it could not rely on foreign help. Post that the country reformed its agriculture policy.

The transformation of Indian agriculture began with the Green Revolution, which was followed by the Blue revolution, the White revolution, Yellow and Bio-Technology revolutions. Using modern farming methods of agriculture such as proper irrigation, the better quality of seeds, pesticides, and chemical fertilizers, India became self-sufficient in food grain production.

As time progressed, more technological advancements happened. And today, when the world is tech-enabled, farmers can use high-tech farming equipment and scientific data to improve crop yields.

Here are some examples of high-tech farming methods that can improve farming:

Artificial Intelligence

With Artificial Intelligence entering the hi-tech farming space, the agricultural scene is completely changed. From sowing to favorable weather conditions, type of soil, type of harvest a crop would need to harvesting, and then to post-harvest help, the AI promises informed inputs to the Indian farmers and other stakeholders in the ecosystem.

With schemes like Pradhan Mantri Fasal Bima Yojna (PMFBY), the government is also welcoming the fresh change that will help to reduce the time taken in settling claims of the farmers.

Mobile Applications

Mobile technology`s role is paramount! This innovative technology is playing a vital role in monitoring and controlling crop irrigation systems.

According to the Indian Cellular & Electronics Association (ICEA), India`s total smartphone user base had grown to 50 crores in 2019, and 40% of this user base hailing from rural India.

With smartphone users growing rapidly, it makes sense to marry mobile technology with farming methods for agricultural purposes. E.g. Farmers can control irrigation systems from his phone, rather than a computer.

Drones

For smart Hi-tech farming, the use of Drones can bring accurate information with ease. A drone can provide real-time information related to their crops, dry regions, soil deterioration, and fungal infections in a readable format.

This will enable farmers to take vital decisions regarding irrigation and crop harvesting. Drones can also be used for spraying purposes.

Introducing high-tech farming methods in India is the need of the hour. It is the only way to ensure the progression of this sector. A lot of companies are coming up with data analytic tools, robots, and drones that will completely revolutionize the Agritech business.

Learn more innovative ways to take your business ahead with our expansive online training courses and Problem Solving Courses. Know what works and what not for your business through the industry experts. Click here to know more: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

Categories
Motivational

7 Inspirational Elon Musk Quotes to take on the Impossible

elon musk
elon musk

Recently, Tesla billionaire Elon Musk, who briefly surpassing Jeff Bezos officially became the richest man in the world on Friday, is again the second-richest person in the world. After a brief stint, his fortune fell by nearly $14 billion in one day. According to Forbes, he is now about $6 billion behind Bezos, who has a net worth of $182.1 billion.

Known for his impressive accomplishments, Elon Musk has been an inspiration for many young entrepreneurs, millennials, and businessmen across the globe.

While Musk has built foud billion-dollar companies, money was not the driving force behind it. He invested a huge whopping amount and sometimes nearly all of his fortune to solve some of the world`s biggest problems.

Just like Elon Musk, we too believe that ordinary people write extraordinary stories by believing in themselves. To inspire our readers, we are presenting some of the most key learning lessons from Musk`s life. Take on the impossible with these seven Elon musk quotes:

  1. When something is important enough, you do it even if the odds are not in your favor.
  2. If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.
  3. Persistence is very important. You should not give up unless you are forced to give up
  4. The first step is to establish that something is possible; then probability will occur.
  5. It’s OK to have your eggs in one basket as long as you control what happens to that basket
  6. My biggest mistake is probably weighing too much on someone’s talent and not someone’s personality. I think it matters whether someone has a good heart.”
  7. If something has to be designed and invented, and you have to figure out how to ensure that the value of the thing you create is greater than the cost of the inputs, then that is probably my core skill.

Get the inspiration you need to start, grow, and lead your business today with www.badabusiness.com. Turn your ideas into reality with smart business models and strategies with our Everything About Entrepreneurship & Problem Solving Courses that will take you from a newbie to a pro!

To know more, visit: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

Categories
Business motivation

Indian Edutech BYJU`s acquires Aakash Educational Services, signs a billion-dollar deal!

byjus acquire aksash

Edtech Unicorn BYJU is in the news once again, and this time for signing a deal with Aakash Educational Services for a whopping $1 billion. According to reports, BYJU`s has acquired brick and mortar education player Aakash Educational Services (AES). Although both parties are yet to make an official announcement regarding the deal, it is one of the largest ed-tech acquisitions in that world.

While online learning startups have flourished, offline tutoring centers are affected badly. Bangaluru based BYJU`s has a valuation of $12 billion and has been on a fund-raising spree due to the increased demand for its online lessons because of the global COVID 19 pandemic.

BYJU`s, which is India`s second most valuable startup is backed by the likes of Facebook founder Mark Zuckerberg`s Chan Zuckerberg Initiative, and Tiger Global Management & Bond Capital co-founded by Silicon Valley investor Mary Meeker.

While Blackstone will swap 37.5% equity in Aakash for BYJU`s stake, the deal will witness a complete exit of the Aakash`s founders, the Chaudhry family. According to reports, the Chaudhary family may get a cash payout of $300 million.

Backed by Blackstone Group, Aakash Educational Services runs more than 200 brick & mortar centers of Aakash Institutes. While Aakash Educational Services has half-a-million paying students enrolled in its programs, BYJU`s on the other hand has around five million paying students.

When combined, this significant deal would focus on the innovative approach to teach students in secondary education, and prepare them for the entrance examinations.

BYJU`s was founded by Byju Raveendran, who was a former teacher, who also came up with a mobile application for smartphone users in 2011. From kindergarten to the 12th grade, BYJU`s provides lessons in science and mathematics through video games and animations.

Last year in September 2020, BYJU`s announced that around 70 million users logged in from over 1,700 cities all across the country, during fundraising. Out of 70 million, over 4.5 million are paid users. The application has been adding more than 5 million users a month. India`s biggest Edu-tech firm aims to double its revenue to $1 billion in the current financial year ending in March 2021.

If there is a startup business idea that you would like to work upon, do not wait, anymore! Take our Everything About Entrepreneurship course and learn from some of the topmost industry experts that will guide you through their experience.
Take insights and gain knowledge about how business works and can grow even in challenging times. Visit here : https://www.badabusiness.com/?ref_code=ArticlesLeads

Categories
Marketing

5 Powerful & Affordable Local Marketing Strategies to Grow your Business!

local-marketing

Whether you are running a company worth a million dollars, a small business owner, an entrepreneur, or a solopreneur, marketing is necessary for every product or service. But, small or local business owners probably lack financial resources that are significant to advertise products in the niche market.

However, marketing can be done even with just a shoestring budget. Yes, you heard it right! Any marketing strategy will yield perceived impact, as long as you know how to implement them effectively. Having said that there are many local marketing strategies, which are quite cost-effective and very impactful.

One thing that every business owner must take into consideration is that not every marketing strategy will be suitable for your business. Hence, you must be aware of customer behavior, your competitors in the market, and your niche market.

You must pick your marketing strategy with caution, considering your budget and lack of luxury to do a marketing do-over.

To make it all easy for you, here are 5 inexpensive local marketing strategies for your business:

  1. Creative Packaging

Creativity can help you find solutions to overcome challenges. Creative packaging can be an excellent marketing stint. It does not necessarily have to be an expensive one, but it should catch the attention of your customers. Hence, don`t be afraid to think out of the box!

  1. Sponsor Local Events

If you are an entrepreneur or a new start-up, local events are the best place to make your brand a presence. Small local events are sponsored by multiple brands. Each brand pays only a small sum of money to get featured on the list of sponsors. Find out the upcoming local events and get associated with the ones that will help you target the right set of audiences.

  1. Use the power of Social Media

Social Media in today`s world is an impressive way to make an impact on your customer base. Instead of selling your product or services, educate your audiences. Tell them how a particular product will solve their burning problem. Build a stronger relationship with your customers that will help to establish your credibility and trust.

  1. Effective Promotional Schemes

With cut-throat competition in the market, brand promotion is extremely critical. If you are planning to introduce a new product in the market, you need people to try out your service or product. It is always a good idea to offer free samples and trials to ensure your target customers can experience your services first hand.

  1. Take Customer Feedback

Retaining an existing customer is always cheaper than getting a new one. Hence, before you think about buying a new client database to churn out a new marketing strategy, use your existing customer database constructively.

Customers are happy to give honest feedback on the products and services they have paid for. With an engaging feedback process, you can make your customers feel valued and learn the multiple ways of improving your business.

Marketing strategies need not be expensive, rather creative and effective! Unlock your business`s true revenue potential with our aforementioned local marketing strategies and a lot of deep business insights with our Everything About Entrepreneurship (EAE) program.  Visit https://www.badabusiness.com/?ref_code=ArticlesLeads. Click now!