StartupTalky

Tag: best business ideas

  • Everything You Should Know About Family Business Ideas

    When we think about starting a business, one of the main points is to think of an idea of what your business will be based on. If you are thinking, planning, and dreaming to start a business then starting a family business idea will be a smart way to explore your existing talents to create extra income and also helps in a move from a 9 to 5 work schedule. Through this business, you will give support to your family members, you just only need to pick up an idea and move forward to that idea.

    There are lots of family business ideas but you need to select among those ideas according to your interest. When you start the business with lower pressure with your family member you need to give time and energy. So starting a family business can be a popular way to make a living. If you’re interested in starting your own family business, take a look at the potential list of family business opportunities below.

    Child or ElderCare

    One small business option to start with your family is the child or elder care business. One benefit of this business is that you can care of them in your place/residence or in the residence of the person whom you are taking care of. You can start this family business by advertising or from your network. This business is now becoming popular because:

    Women have to work who have children.

    • Millennials are planners
    • Today’s mothers are older and mid-career
    • The next generation is up in the air
    • Flexible work options
    • Care subsidies
    • Support groups

    2.Errand Service

    If you need of getting extra cash an easy way to get is to offer to run Errands. As people get older they are not capable of managing daily tasks such as grocery shopping, picking up prescription medicine, and more. That’s why Senior citizens often hire errand runners to do the tasks they no longer can do. Some steps to keep in mind to start this business:

    • Legal Structure
    • Name Your Business
    • Insurance
    • Gather Supplies
    • Choose Services
    • Set Your Prices

    Some benefits of this business are following:

    • More time in your day
    • More time with family and friends
    • Reduced stress levels – your health can improve
    • Less worries
    • No waiting in lines
    • More leisure time for yourself
    • Less wasted time in traffic
    • Enjoy your lunch hour at work
    • Less downtime at work
    • The pleasure of knowing your life is under control

    3.Celebration Boxes or Baskets

    If you and your family love to craft and want to make money with this skill then this a great idea to start a business. You just need to create gift baskets or celebration boxes for friends and family. In this business, there is no need to rent space for your business. There are various types of boxes you can made:

    • Off-to-college box
    • Graduation box
    • Birthday box
    • New baby box
    • Wedding box
    • Anniversary basket
    • Proposal box
    • Housewarming box

    With this business any of life’s big moments can be celebrated. And the box will be designed according to the buyer’s preference.

    62 Business Ideas with Low Investment and High Profit
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    4.Retail Arbitrage

    If you like to do an online business with minimal interaction then this business will be great for you.

    In this business, you can buy a product from local stores and sell at with higher price in the different marketplace or online marketplaces for a profit. And the items which you purchased sell them on Amazon, eBay, Jet, Walmart.com, Etsy, Craigslist, Facebook Marketplace, Offer Up, Let Go, and many others.

    5.Tutoring

    Some students need some extra help to ensure that they are excelling in their studies. Then you will need knowledge of the subject which you want to teach. More important required is kindness and patience. In this business timing are flexible. There are many more growths and expansion of this tutoring business as time passes people will know about you then many more students come to you. Some tips which will be very much important to start this:

    • Determine the subjects and educational level where you can help
    • Make a list of potential students
    • Decide how you’re going to provide tutoring services
    • Gather the tools you’ll need to provide tutoring services
    • Decide on your pricing and policies
    • Decide on your business structure
    • Create a business name
    • Obtain needed permits and licenses
    • Write a business plan
    • Map out a marketing plan
    Year-Wise list of no of family businesses run above or below 25 years
    Year-Wise list of no of family businesses run above or below 25 years

    6.Gardening or Lawn Care

    If you love to spend time outside and love to taking care of plants also have a passion for gardening then starting this business will be very much profitable for you. Many people love to have fresh vegetables in their garden and green, weed-free grass, but simply don’t have the time to maintain either.

    In this business, there will be needed some equipment. And you can become the master of your destiny and you can devote much little time from your work schedule to take care of this business. You have very flexible timing whenever it will be possible you can work. You also can enjoy the fresh air, get a good cardiovascular workout, and bulk up your muscles.

    The basic types of lawn and landscaping businesses include:

    • Lawn mowing/maintenance
    • Sod installation/hydroseeding
    • Weeding or fertilizer and/or pest control application
    • Landscape care/maintenance services
    • Landscape design/contracting services
    • Landscape architecture services

    30 No Investment / Low Investment Business You Can Start in 2020
    It’s true that many of us are not happy with a 9 to 5 job and more interested tohustle and develop a business which can assure a high return on a long-termbasis. Whereas, it’s not everyone’s cup of tea to start a business from scratchand make it an empire. However, if you have the will and enthus…
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    7.Freelance Writing/Media

    As the content writing business increasingly growths online business, companies need a steady supply of fresh content that helps them stand out from the crowd. If you are passionate about decent writing also with a good design then you can use this to showcase your skills to your clients. If you are truly a beginner, your best bet would be to start writing the kinds of articles you’d like to be paid for and posting them on free platforms like Medium. Freelance writing can be very much rewarding and full of fun if you truly show your interest. Your customers will be the editors of your target publications.

    You’ll need a computer, a laser printer, a fax machine, and the usual office software. Also besides, you’ll want plenty of reference books, including a dictionary, encyclopedia, and style guides.

    8.Gourment Baking

    Baking is a hobby that can be a family business with a little bit of patience. You can start this by simply a few recipes and designs and serve them in your local community gradually you can expand this business. There are two main types of bakeries: retail and wholesale. Retail bakeries are the most common type of bakery, and they are the bakeries that sell baked goods and bread directly to customers. The other main type of bakery is wholesale bakeries. Rather than selling their products directly to customers, wholesale bakeries market their baked goods to businesses like grocery stores, restaurants, delis, and cafes. Which you want to choose depends on your interest.

    Some tips to start this business:

    • Write a Business Plan
    • Obtain Loans and Startup Capital
    • Leasing a Commercial Space
    • Permits and Licenses
    • Designing a Layout

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    9.Event Planning

    Starting from weddings to many other parties which are part of our daily culture. To plan all the things properly there will be a need for some successful event planner  can maintain all the activities. According to Goldblatt’s research, profits in this industry continue to rise.

    There are various types of events:

    • Celebrations (fairs, parades, weddings, reunions, birthdays, anniversaries)
    • Education (conferences, meetings, graduations)
    • Promotions (product launches, political rallies, fashion shows)
    • Commemorations (memorials, civic events)

    10.Interior Design Service

    If you have a knack for planning spaces and coordinating furnishings and accessories, then this is the field for you. Many specialize in a particular type of design like kitchen design or lighting solutions, and many augment their income by selling decorative products like accessories and furniture. With creativity, imagination, and a good eye for form shape, and color you can become an interior design professional.

    Some steps which will be help for starting this design business:

    • Determine what services you’ll offer
    • Focus on your style & specialty
    • Choose a catchy business name & register it
    • Build a beautiful website
    • Build a portfolio
    • Set your rate
    • Promote the heck out of your business
    • Start a blog
    • Have a dedicated work space
    • Build relationships with suppliers & contractors

  • List of Easy Homemade Business Ideas

    Recent studies and researches show that total private employment dropped by 15 % once COVID-19 outbreak was declared an emergency on March 13, 2020, yet employment at small businesses saw a higher rate of decline at 17 %. The unemployment rate keeps fluctuating as the pandemic runs its course, but it’s unlikely that the job market will revive after for a while.

    The truth is nobody has to necessarily find a real or typical job to move on with their life. There are a lot more ways to earn a living from home than people think, which anybody with passion can do for themselves and entirely on their own terms.

    These are some of the best home-based business ideas, which range from one-off side gigs to actual businesses which can grow over a period of time. Not all of the business ideas will work for every other person, every single person can use one idea from the list of ideas to earn some cash without ever having to clock in. Some of the home-based business ideas are easy to implement and execute, while others require a certain level of skill or passion.

    The amount of money a person can earn will also vary depending on the path he/she chooses. For example, a person may be able to earn a few hundred dollars per week delivering food with DoorDash or GrubHub. This gig is one that does not produce passive income, so he/she will only get paid for the time they work.

    Also, on the other hand, with a digital media business or blog, one could build their business over time until it is earning millions of rupees.

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    Top Profitable Homemade Business Ideas

    Running and developing a home-based business is a lot more different than heading into an office for a real job. You have to deal with considerably more distractions for starters, but will also need to have a certain level of discipline to make it work.

    After all, there won’t be anyone monitoring your work anymore. There are certain easy and skillful business ideas which can be started with.

    Home Bakery

    This is one of the best and profitable business ideas to start with. Home bakery is an approachable business idea in which it involves undying love and passion to bake. Entrepreneurs need to just have all the equipment and expertise which is required to get started.

    Value of Indian Bakery Market
    Value of Indian Bakery Market

    Home Bakery comes under Food and delivery service, which is the most likely profitable scenario for home bakers, as opposed to setting up a storefront business risk. Entrepreneurs need to prepare and analyse all the local insurance requirements.

    Research and Fact Checking

    Research is not just a Google search away or reading books. Majority of the media organisations hire fact checkers to make sure that contents in the stories are accurate and that sources quoted really exist which are concrete enough to prove.

    Other organisations need people to find statistics and other data for presentations and reports. There are numerous opportunities online to get started researching and studying at home. Entrepreneurs just need to be prepared to get into some really esoteric topics that will take you way beyond Wikipedia.

    Craft Creation

    Craft Creation is one of the first ideas people have when they think of starting a business which includes making and selling crafts. In this business, there’s a lot of competition in the market. The brighter part, though, is that people just love crafts and are ready to invest in it.

    On the other hand, business owners should not trust everyone and sell everything. Entrepreneurs need to define the product line and choose a distribution channel, and stick with the plan.

    Virtual Assistant

    There are plenty of people who don’t know how to use email and communicate through it, there are also those who don’t want to use it. Virtual assistants manage all the clients’ email and voicemail accounts, aside from performing other digital duties.

    Virtual Assistant only needs a Website, a strong brand, a service niche of some sort and the willingness to network, but opportunities to become a virtual assistant do exist for those who are organised and are willing to help organise others.

    Knitting

    Knitting, even though is an ancient style but is not out of fashion yet. If you are more into knitting, you can always create a variety of different products to sell, such as hats, scarves, gloves, etc. The knitting business is more of an antique work and has glory to it.

    Knitting Homemade Business Plan
    Knitting Homemade Business Plan

    Scented Candle Maker

    Candles are popular products for people to purchase on digital platforms than in the physical store. Entrepreneurs can purchase some basic supplies and raw materials, with them they can make their scents and designs right from home.

    Woodworking

    Wooden articles like furniture might be a good idea if the creator is pretty handy or have a handyman at home. Business owner will just need some carving tools and materials. People can also stick to smaller projects such as birdhouses or home decor, they can definitely try carving some smaller products.

    Online Freelance Writer

    Everything written online is a marvelous work by a writer, and there’s a good chance the writer was paid handsomely for their talent and skill. Freelance writers can easily earn a few hundred dollars for each article they write, but it’s possible to earn a lot more than that if you learn how to master longer and complicated content.

    The Bottom Line

    To conclude, we can say that the era of home entrepreneurship has arrived. With one of these business ideas and right preparation, one can build a solid and successful business from the comfort of their house.

    When people work at home, they sets the standards, and also get the chance to pursue the professional passion at their own speed. With home-based businesses, everyone can create the life they want or desire.

  • List of Top Business Ideas with Zero Investment

    There are hundreds and millions of ways and ideas to start any business for an entrepreneur. But the most important factor intervenes is capital investment for the business. It is never easy collect the required amount for the investment. Many people hesitate because of the risk and that risk is of the money they are going to invest. But there are certain ways and ideas which require Zero or minimum investment.

    Businesses are very uncertain in initial stages and there’s always a risk factor for money invested. There are particularly certain business ideas which helps to kickstart the business and they are also low maintenance.

    Zero Investment in these areas of Businesses
    Zero Investment in these areas of Businesses

    Business Ideas with Zero Investment

    Most of the entrepreneurs struggle with switching from one idea to another business idea and all of them end up confused and exhausted before even getting started. Below are the top possible options of business ideas with zero capital investment.

    Weird and Creative Ways To Make Money With Zero Investment in 2020
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    Consultant

    If a person has a deep sense of information and expertise in a particular field or subject, then there is an option of becoming a freelance consultant who can take up the clients projects and consult them in the required area.

    There can be indefinite fields such as Law, finance, Technical, Software, Human Resources but consultant need to make sure they have enough knowledge they don’t misguide client.

    Blogging

    Blogging is another business which is one of the most profitable full-time career option one can indulge in. It is one of the best ways to earn money online while working from home.

    All a person needs to do is find the particular interest, and educate themselves with a little bit of SEO. Some of the best niches in blogging one can consider are Health and Fitness, Fashion and Beauty, Lifestyle, Technology, Hosting, News, Education and many more.

    Digital Products or Courses

    Online products and services like music, courses, and templates are unique to the users/customers. They are not tangible products so there won’t be any recurring manufacturing or shipping costs to worry about. The mre trick is to figure out what makes for a good digital product.

    The answer to it ranges from original instrumental beats to stock photos/wallpapers that can be licensed to other creators, to information products and templates that help people level up their skills in a particular field.

    Career Counsellor

    The Career Counsellors are in demand now a days due to vast career options students are confused about what to choose. Counsellors’ target audience is 10th appearing students to which subject to choose or 12th pass and graduates. Many schools, colleges or education institutes invite career counsellors for conducting sessions for their students.

    Sell Handcrafted Goods

    Interested crafty people can create and sell DIY soap, candles, sauces, or pottery whatever sounds unique to find in an online business idea since product development and procurement are literally in the creators’ hands.

    Unlike many other business ideas, one will need to consider shipping and inventory management, but they can also start out simple on a per-order basis or with a small batch until they start generating consistent sales.

    Dropshipping

    Dropshipping is a great way to start the business on a budget without owning a single product. The entrepreneur just needs to get pre-existing products from a supplier and let them take care of everything else, including fulfillment, packaging, and shipping.

    With dropshipping, one can also run their business from anywhere because a warehouse is not required. Products are not required to be stocked in any physical location. Once someone buys an item from you, you make an order with a third-party on behalf of them, and the third-party handles everything else.

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    Event Planning

    Event Planning is a great business when there are good number of restaurants, cafes and malls in the city. There would be a number of events like wedding, anniversary, birthdays, corporate events, kitty party, freshers, farewell, etc that needs to be planned and organized. Event Planners tie up with local venues, caterers, decorators etc and charge their management fees.

    Estate Agent

    The easiest way of earning with zero investment is to become an estate agent in India. Property agent helps a person sale, purchase or rent a house. For providing this service they charge a fixed method or percentage of payment from the cost.

    Some agents/broker providing houses for rent charge the exact amount of payment as the rent. The biggest advantage no investment and 100% profits.

    One can also become an online agent also by signing up on sites which qualify as online worker and look up to the business virtually.

    Re-Selling Products

    If entrepreneurs don’t want to spend anything then they cannot create or manufacture anything in their business, reselling is always a smart thing to start a good business which does not include any investment. As a reseller, he/she is a middleman, where they get the merchandise at cheaper rates and gain some income in the same.

    Affiliate Marketing

    Affiliate marketing allows the owner to earn by referring customers to specific websites. They can also share links on blog, social media etc. to get people to buy the third party’s products.

    How does Affiliate Marketing works?
    How does Affiliate Marketing works?

    Content Writing

    Content is king in this digital world and you can build your kingdom while offering original content writing services. It is one of the most revered and paid skills in trend these days. If someone is gifted with the words and can skilfully pen down their thoughts on the paper, one should consider starting it as a business.

    Final Note

    With this approach, one can test ideas or start making money on the side without all the inventory-related commitments that might stand in the way.

    The business ideas covered above can be combined in a variety of ways to start a new one0. If the idea of sourcing, storing and shipping inventory kept you from starting a business before, begin with an inventory-free, low-investment business model and grow from there.

  • How Does Trivago Make Money? | Trivago Business Model, Growth And Statistics

    Trivago is a hotel search platform, whose main focus is to reopen the way travelers compare and search for hotels online. During this process, Trivago Hotels enables advertisers to expand their business, giving them access to a large consumer base who visit their platforms via a website or app.

    Trivago was conceptualized in the city of Düsseldorf, Germany in the year 2005. The hotel aggregator was started by three university friends, Rolf Schrogmens, Peter Vinnmeier, and Stephan Stubner. Similar to the majority of start-ups, the initial foundation of the business was laid from a garage.

    Besides, one of the 2006 founders, Stephen, decided to pursue a career in education, so Malte Sievert became part of the founding team. Trivago’s top management includes CEO Rolf Schrogmens, CFO Axel Heffer and COO Johannes Thomas.

    How Trivago Got Started?
    Growth Of Trivago
    Services Provided By Trivago
    Trivago Business Model
    Trivago App
    Trivago Referral Revenue
    Trivago Geography Split
    Trivago Statistics
    Swot Analysis
    Partnership Perks Of Trivago
    Ever Growing Success Of Trivago

    Trivago Model
    Trivago

    How Trivago Got Started?

    Trivago started its operations in Germany and soon after the company started, it gained momentum and grew in various markets. At its launch, Trivago partnered with OTA (online travel agency) to meet its demands, following its objective of successfully showing information to consumers.

    The hotel aggregator collected data from large hotels to littler organizations and showed it properly to hotel seekers. The company focuses on accumulating information from reliable sources so that customers can always be provided with reliable and most satisfactory services.

    Also, features such as filters and sorting functions allow every traveler to find the most ideal hotel room at the location of their choice. Trivago is equipped with a highly robust and robust server infrastructure, giving the company the necessary data center that will meet Trivago’s high-security standards, reliability as well as flexibility. All these features give its visitors and search engines the ability to search for direct and fast results for hotel rooms.

    Growth Of Trivago

    Over the years, Trivago has developed extensively. Starting its operations from a garage, the hotel aggregator now employs about 5000 employees in its various offices worldwide.

    Trivago came with its first advertising campaign in the year 2008–09 when most travel organizations were not doing brand promotion. Trivago ran an effective TV advertising campaign in his native Germany.

    The proceeds from the brand promotion campaign were used by Trivago to expand its operations in Europe which is one of its most popular and successful markets to date.

    The hotel aggregator started its operations from Germany and to date, it has achieved tremendous growth with presence in over 190 countries of the world. It attracts over 120 million visitors to its platform every month and is now rated as the largest hotel search website in the world. Currently, Trivago analyzes 900,000 hotels in 33 different languages ​​from over 250 placements across the month.

    Over the years, Trivego’s customers have given more than 150 million hotel reviews with over 17 million photos. At the end of last year, the hotel aggregator provided more than 14.6 million bookings for the budget as well as luxury hotels. Besides, Trivago is one of the most successful and fastest-growing start-ups, not just in Germany but worldwide, whose profits have been growing manifold since 2008.

    Services Provided By Trivago

    Using Trivago’s Hotel Manager, hoteliers can list their hotel through a profile on the Trivago website. Registration is free through the simple online form. Trivago Hotel Manager Basic is completely free to use, allowing you to list your hotel and benefit from the increased risk.

    For an even more advanced triangle profile, you can join the Hotel Manager PRO. This takes you one step above the original version by highlighting your contact details to enable hotel news prominently on your profile and encouraging viewers to contact you directly through your website or phone number.

    It also provides you with advanced analytical tools such as viewing visitors’ profiles and competitor data so that you can target your audience more effectively.

    Once you are registered with the Trivago Hotel Manager, you can assign your hotel to your hotel profile. You can add it if the hotel is not already on Tivago’s list, although it takes up to seven days to get approval. You can manage multiple hotels in your account with an easy-to-use dashboard.

    Once you have added your hotel, add detailed information, including contact details and eye-catching images, so that your hotel is attractive to visitors and arrives in relevant search results.

    Trivago provides professionally written hotel descriptions for every hotel. These feature high-quality keywords to attract web traffic. Hotel reviews from other booking sites are automatically collided by Trivago search robots, contributing to the overall rating score for each hotel. Trivago also offers a rate connect service. This allows you to set up competitive cost-per-click advertising campaigns, track your performance, track through analytics, and control your marketing budget for the best success at the lowest cost. The service pays a set fee through an initial consultation.

    Trivago Business Model

    Trivago Business Model

    Customer Segments

    Trivago has a multidisciplinary business model. It mainly consists of two separate customer segments that are required for operations. It is to register brands that make their services available online to consumers who compare services as well as their prices to facilitate the purchase decision.

    Value Proposition

    There are mainly four primary value propositions that Trivago offers, namely access, customization, convenience, and brand/positioning.

    The online hotel aggregator initially reduces accessibility by only enabling its customers to contribute to the content of their website. Also, they are motivated to add lodging brands and text descriptions. Complete the missing profile, as well as edit the profile to ensure the quality of the content.

    The website promotes customization only by allowing brands on its platform to personalize their user profiles. The facility is offered by allowing visitors to find hotel rooms and compare prices according to brands.

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    Trivago App

    Trivago offers a free app for its hotel search product on both mirrors and Android. In addition to the hotel search feature, the app provides proximity and interactive maps to the user’s current location.

    The Trivago app is listed in Mashable’s 25 apps to save you money, USA today’s 10 best apps for booking your stay, the independent app in Ireland to save you time and money, and Australia’s News.com.au as one of the top apps to take on vacation.

    Trivago Referral Revenue

    Methods of earning income, a commission from hotels listed on Trivago sites, called revenue, when the user clicks, include Trivago subscription fees paid by hotels for services provided by Trivago’s business model. Trivago outbound Fee is a global hotel search platform.

    According to Trivago, its mission should be “the traveler’s first and independent source of information to find the ideal hotel at the lowest rate.” Users can access Trivago in 55 local websites and applications and 33 countries.

    Trivago combines hotel content from various sources on its platform. These hotels are then displayed to users based on their search criteria. Trivago also claims to help users achieve the best rates by providing comparisons to over a million hotels on over 250 booking sites.

    However, users cannot book on Trivago, they can only select the hotel. For booking, they are redirecting to traditional OTAs (online travel agencies) such as Trains (PCLN), CTRP.com, and Expedia, from search results in a particular hotel.

    Trivago Revenue Generation

    Trivago Geography Split

    Trivago has classified its revenue into three geographical regions, America, Europe and the rest of the world. For the nine months ended September 30, 2016, the US constituted 38.2% of Trivago’s revenue, Europe constituted 47.2%, and the rest of the world constituted 13.6%.

    Trivago Statistics

    • 120+ million month site visitors
    • Compares rates in over 1 million hotels
    • Over 190 million hotel ratings
    • There are more than 250 booking sites worldwide
    • Websites in more than 50 countries
    • More than 14 million photos

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    Swot Analysis

    Strengths Of Trivago

    It compares hotel prices to 700,000+ hotels. Nearly 5 million monthly visitors reach the site, which reaches the hotel platform. Strong support by Expedia, a leading name in the travel industry, has 50 international forums.

    Weakness Of Trivago

    Limited product offering. It only covers hotels and thus, does not cater to all aspects of travel. General competition means limited market share and low brand loyalty.

    Opportunities For Trivago

    Acquisition of online travel booking portal to expand its portfolio. Increased interest in travel tie-ups with more hotels may increase their presence.

    Threats For Trivago

    Expanding its portfolio to add flight, car, and bus booking facilities, Flight-Plus Hotel’s combo packages presented by various portals are a major threat. The popularity of online travel portals erases a significant market share in India.

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    Partnership Perks Of Trivago

    Listing to your hotel on Trivago’s website allows you to see more than 120 million monthly visitors. It also shows overall reviews for your hotel from several booking sites. Depending on your hotel specialty on Trivago, you will reach a global audience of relevant travelers looking for a place to stay during your next travel adventure.

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    Ever Growing Success Of Trivago

    • Initially, Trivago received one million euros from angel investors – Christian Vollmann and Florian Hahnemann.
    • In the year of 2008, Trivago decided to take the help of TV commercials to develop its business. This move was because the top management believed that solely based on Google and other search engines to promote the business could prove unsafe in the long run.
    • Over the last 11 years, Trivago has been tasting success and expanding. The organization, which had funding of just $ 1.4 million in 2008, was able to achieve revenue of 1.035 billion by the end of 2017.
    • The hotel aggregator entered the US market in 2012 and entered into a joint venture with Expedia, an American travel organization. Expedia acquired a 61.6% stake in Trivago for the $632 million in the year of 2013 and thus claimed the majority of the organization’s stock.
    • In the same year, Trivago entered the Asian market and India became the first country to operate in Asia.
    • In December 2016, Trivago achieved another feat as it was successfully listed on the symbol of the NASDAQ TRVG ticker. By that time, Trivago had hired over 1000 employees in its various offices worldwide. Traffic on the Trivago continues to increase with each passing year. And, compared to the previous year, Trivago’s traffic expanded by 25% in the year 2018.
    • Trivago has been acquiring large and small businesses for the past few years and its most recent acquisition was TripHappy for an undisclosed sum in May 2018.

    Frequently Asked Questions About Trivago

    Does trivago mean anything?

    Trivago stands for Trip Vacation and Go.

    How does Trivago get its data?

    Before running a campaign, advertisers need to provide an import feed containing all hotels they want to be advertised on trivago. trivago will import the advertiser’s hotel inventory into the trivago database and based on the provided data, the hotels will be mapped to the corresponding trivago properties.

    Who is trivago owned by?

    Trivago is owned by Expedia Group.

    How much does it cost to advertise on trivago?

    Registering on Trivago for advertising is for free and claiming business area is also free. Using Trivago business studio you can monitor your business profile as well as optimize your hotel profile for free.

    Does Trivago have flights?

    Trivago does offer search services to travelers for One-Way flights, Round-trip, and Multi-City flights.

  • Walmart investment In Tata Group For ‘Super App’: $25 Bn

    The Tata Group has already made its super-application desire open for public in August. Walmart investment in Tata group is presently in the news with the investors for stakes in the digital media, legitimately taking on Jio and the web-based business platforms such as Amazon and Flipkart. As per the news of Walmart investment in Tata group by Bloomberg, it is taking an eye at getting monetary or strategic consultants, and Tata Sons is apparently hoping to unite its digital platforms and make another institution.

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    The Information Has Been Released

    Walmart investment in Tata Group_Startuptalky
    $25 Billion Investment

    This exclusive information of Walmart investment in Tata group has been released by Reliance Industries Ltd, which is authorized by the richest person in Asia, Mukesh Ambani. He apparently accumulated over $20 billion from various investors such as Facebook, Alphabet’s Google, KKR and Co and Silver Lake Partners. He made this possible by selling the stakes in its digital business Jio Platforms. According to the progressing conversations among about the Walmart investment in Tata group, the super app could be dispatched as a joint endeavor among Tata and Walmart, which will empower utilizing on the collaborations between Tata’s web-based business and Flipkart.

    The Walmart investment in Tata group presents the ‘super app’, which targets to make a computerized administrations behemoth offering a wide scope of items in the market space. A super app is a solitary application that provides a varied scope of aids. These services range from food, money related solutions, computerized administrations, and academic training, among others. They have focused on a developing populace of well informed customers, tempting them with concessions, free returns and simple trades.

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    The Business Further

    walmart investment in india_Startuptalky
    Super App Incoming

    This app from Walmart investment in Tata group is regarded as an idea is more or less famous in Southeast Asian nations where other applications, for instance, Grab, GoJek and Meituan are also broadly utilized by the people there. The business of Walmart investment in Tata group is probably going to be facilitated under the Tata Sons auxiliary, where it alongside Tata’s other retail channels such as Tata Cliq, StarQuik, Tata Sky, Tanishq and Croma, which is going to get converted into one app.

    As per the continuous talks about the Walmart investment in Tata group, the new advanced stage business is proposed to be controlled by Tata-Walmart together, and there could be more international financial investors roped in too. Goldman Sachs has been assigned as the venture financier by Walmart for the proposed exchange, as has been reported by one of the anonymous source.

    More About The Unity

    super app india_Startuptalky
    Walmart’s Investments

    To add more, it has been accounted that the Walmart group is already having talks with the Tata group for planned-investments in the business, “Tata group share is in talks with Walmart for a deal entailing a strategic Walmart investment in Tata group share in the super app platform business. The Walmart investment could touch up to $20-25 billion eventually for a large stake in the proposed super app that is about to be hosted under a Tata Sons subsidiary”, according to the sources reported by Mint. This investment is apparently going be bigger than the investments made by Walmart in Flipkart for a authorizing stake, which summed up to $16 billion.

    The super app from the Walmart investment in Tata group share has already been planned to get dispatched in India in the month of December or January. It will then unite Tata’s shopper business under one channel offering a wide scope of items in the market space, as per the information by Mint. The things that will be included in the offering medical care, food and staple requesting, protection and budgetary services which also including style, way of life, gadgets, over-the-top administrations, instruction and bill installments, etc.

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    Last But Not The Least

    tata group share_Startuptalky
    Targeting for the proper audience

    Tata’s purchaser organizations incorporate the brand Titan, which is primarily the brand for watch and jewelry, Trent. Portions of shares from Tata Consultancy Services, Tata Motors and Tata Steel increased over 1% each, with TCS the top lift to the Nifty 50 list. Tata Consumer Products generally offers tea, coffee, water, salt, lentils, spices, ready-made things to eat, sugar, and few such things to sell. Titan Co. Ltd. fabricates and markets design adornments, for example, watches, jewelries and eye-wear.

    Walmart Investment in Tata Group

    If this deal becomes a success by the Walmart investment in Tata group, it will top its shares in Flipkart, for which the U.S. based organization had already paid $16 billion for a 66% stake. Juxtaposing with platforms like Jio or Amazon, Tata groups is having the biggest establishment of its own marked items that are offered to retail clients.

    This is the latest news from Walmart investment in Tata group share. We will also keep you updated more about this information as soon as the news is out in the air. So, stay tuned to get updated about super app India as this is the latest Walmart investment in India.

  • How To Start A Cleaning Business

    A cleaning business is highly profitable and can churn massive money if done right. This post tells you what is to be done for starting a residential/commercial cleaning service.

    Cleaning is a challenging task in most households. It can become tiring and tedious, right from making the bed to tidying up the carpet. The problem is particularly with individuals who work and are too exhausted to take up cleaning at the end of the day.

    Most of us would joyfully hand over the cleaning job to an expert cleaner if given the opportunity.

    This huge demand for proficient cleaning services has led to a meteoric rise in the number of cleaning businesses. As a result, the chance of succeeding in this vertical is quite high provided you establish one correctly.

    Starting a small-scale cleaning business doesn’t require any degree; the knowledge comes on its own as you spend more time running a cleaning service.

    Setting A Budget
    Business Structure
    Taxation Of Your Cleaning Business
    Naming Your Business
    Organizing Your Finances
    Insurance For Your Cleaning Business
    Supplies For Your Cleaning Business
    Rates/Models For Your Cleaning Services
    Marketing For Your Cleaning Services
    Online Marketing For Your Cleaning Business
    Find The Right Customers
    Hiring The Employees

    Setting A Budget

    Budget For Your Cleaning Services
    Budget For Your Cleaning Services

    The budget varies depending on the scale at which you want to start a cleaning business: residential or commercial. Most companies tend to start at the residential level and then transition to a commercial scale once the the systems, employees and a thorough understanding of the optimal cleaning procedures are in place. Companies offering commercial cleaning services at a large-scale are making millions of dollars in revenue every year.

    On the residential side, you’re looking at some basic permits and licensing depending on the state and the entity you want to start your cleaning service in. This could range anywhere from $50-$200 to get going. Basic insurance requirements range from $500/year to $3500/year if you are starting out. It depends on how many employees you have in your company.

    The basic cleaning materials in products could range anywhere around $200-$600 based on how inclusive you want to be, and how much you want to cover right away. Initial advertising expenses would be around $300-$200 for a basic starter. This includes marketing materials like business cards, flyers.

    The entry barrier is pretty low on the residential side of cleaning services. You could be looking at a few thousand dollars to get going depending on how intensive you want to be.

    If you have the cash for add-ons, you can have a customized vehicle (instead of a plain, old van) and what not. Just like any other business, you bring in revenue, grow your business, invest in upgrades, and repeat.

    Also read : AirOk – One-Stop Solution for Air Quality Problems

    Business Structure

    The next step is choosing the right structure for your cleaning business. The two basic business structures common used for a cleaning business are sole proprietorship and LLC. With proprietorship, it’s cheaper and easier to get going. It’s less complicated when it has to do with taxes. Your income and liabilities are tied directly with your venture.

    So if something happens to the company or it’s funds, you will have to bear the consequences. If you go the LLC route, there is a shield around the corporate entity that separates you from the entity. Thus, the company related liabilities are limited for you. The business has a separate bank account and separate income.

    Taxation Of Your Cleaning Business

    Understand how taxes work. The manner in which taxes are filed differs for LLC and sole proprietorship. In LLC, it becomes a bit complicated at the end of the year. You can either do the accounting on your own or hire a professional accountant to take care of the books.

    No matter what, if you’re running a business, having an accountant review your books and the year-end process will save you from headaches. If you have a good CPA (certified public accountant) to help you with the finances of your cleaning business, nothing like it.

    Also read : 62 Business Ideas With Low Investment and High Profit

    Naming Your Business

    Naming Your Business - Cleaning Business
    Naming Your Business

    Owning a business with unique names and tag lines stand out and sound larger than they are. It helps a lot in the long run. In order to find a good name for your business, brainstorm around possible names that reflect your cleaning services’ mission. Look up on the internet if you don’t have anything to start with.

    Come with an initial list of possible business names. After some time, look back at your list and cross out the poor ones. Ask friends and acquaintances to review the remaining names, get some feedback, and then finalize on one name which resonates with your cleaning business’s objectives.

    Organizing Your Finances

    You need to have a business bank account. In order to get a business account while operating a LLC, you need to register for an EIN on the government website. You will also need your articles of incorporation which you will get after setting up the LLC.

    If you have a bank account throughsole proprietorship, it will be under your name like any other bank account. However, it’s important to separate your individual bank account from the business. This way, you will have an easier time tracking expenses, analyzing income, and understanding how the business is functioning.

    Getting a business credit card is important; that way you can get the cash rewards. The next thing is a credit card processor. The easiest one to set up and use is “square” and takes 15 minutes to set up.

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    Insurance For Your Cleaning Business

    You don’t need a large insurance plan you are setting up the cleaning business on a residential scale. But getting a bond and basic general liability insurance is essential. A bond is useful if someone pays for a service and doesn’t receive that service.

    A bond is like an assurance to the customers. Some customers like to see that the cleaning businesse they employe provides a bond. This isn’t a requirement in every state. A bond is recommended because it helps in landing in high-paying and picky clients.

    With commercial cleaning business, a higher level of insurance and bond is required.

    How To Start Cleaning Business In India

    Supplies For Your Cleaning Business

    The sky is the limit when it comes to purchasing supplies for your cleaning business. If you have the cash to buy high-end, high-quality materials, then go ahead. If you can’t, no issues! Purchase a few supplies while you start out, but don’t compromise on quality. After all, you will be using these supplies day in and day out. It’s not like the broom in your house which you use you know once a day or once in a week.

    Here is a list of items that you need (at the very least) to get your cleaning business started. The list may be altered depending on the type of cleaning services you offer:

    • A cleaning uniform with pockets.
    • Window cleaner.
    • Paper towels.
    • Clothes.
    • Latex gloves.
    • Duster.
    • Sponge.
    • Scrubbing brushes.
    • Vacuum disinfectants.
    • Sponges and scours.
    • Yellow sisters.
    • Microfiber cloth.
    • Mop.
    • Bucket.
    • Dustbin and brush.
    • Protective gloves.
    • A little plastic caddy to carry supplies.
    • De-greasers.
    • Oven cleaners.
    • Bleach sanitizer.
    • Laundry detergent.

    Do not compromise on the quality if quantity is beyond your budget in the beginning.

    Also read : Best Business Development Tools For More Profit

    Rates/Models For Your Cleaning Services

    For residential cleaning services, companies either charge an hourly rate or flat prices depending on the size of the home. Hourly rates are super simple. With an hourly rate, the customers not going to screw around on the price.Hourly rates for residential cleaning ranges anywhere from $40-$100. If you are looking at flat rates, it varies wildly.

    The range depends on the frequency, type of cleaning required, and the size of the home. If it is a one-time cleaning, then bump up the flat rate price by around 35%. If it is an intensive clean, then increase the price by around 80% because of the efforts involved.

    Successful companies take assignments on both residential and commercial scale. In case of commercial cleaning, you either charge on the hourly rate or depending on the square footage. Hourly rates fall anywhere between $40-$100 an hour for basic cleaning services. If you offer deep-clean services, special cleaning, or anything to do with hazardous materials, you could be looking at 50 per cent to 100 per cent more depending on the situation.

    In order to be in the higher end, you need to offer the best cleaning services. And that means delivering the best in value cleaning options, different types of packages, a dedicated customer service to assist clients with any queries before and after the cleaning assignment, and so on.

    The opportunity lies in the art of mastering customer retention. So if you do little thing like leaving a couple of chocolates on the bed, leaving a thank you note on the countertop, these customer service gems help in keeping new clients and work as free advertising at the same time.

    Marketing For Your Cleaning Services

    Marketing Of Your Cleaning Services
    Marketing Of Your Cleaning Services

    The famous one is offline marketing. So many people are spending their money on online advertising and ignoring offline strategies. However, the power of offline marketing is astounding. And how do you execute offline marketing strategies? By completing the cleaning assignments on time with excellent results. Happy clients will play their role through word of mouth publicity.

    Little service gems will give them a reason to talk about your cleaning business. And that is the objective of a successful offline marketing campaign. It is pretty cheap when you compare it to how much it costs for one-click on Google, Yelp or Facebook.

    Another form of offline marketing is flyering. Getting a creative business card and distributing it door-to-door in a decent neighbourhood is essential fir finding new clients.

    To maximize your offline marketing reach, you should get in touch with real estate agents as they can tell you about people who are shifting houses. Moving into a new place means a potential cleaning assignment. Apart from this, target neighborhoods with substantial number of residents. Greater the homes, greater the chance of securing a cleaning job.

    Also read : Understanding Customer Sentiments For Marketing

    Online Marketing For Your Cleaning Business

    There are a few ways to do this. Some are time-consuming but are more effective. Some take less time but are expensive. So a great way to advertise online is with content marketing. Now, it takes a lot of time but if you put in the time, it will be worth the effort.

    Share your cleaning success stories online by writing blog posts/articles and putting up genuine testimonials with rave reviews. You can also add videos for each article. Do you know about common pitfalls when it comes to cleaning one’s home? Share it online! The aim is to rank high for organic searches on Google, Bing and other websites. If some searches for cleaning services in the location you function out of, your business should appear at the top of the search results. On-board SEO experts, content marketers, and writers to increase your ranking. Your digital presence must be strong.

    Positions you as an expert in certain cleaning techniques and sub-domains. If you can clean stains that other cleaning business just can’t get rid off, your customers should know. Like any other business, you need to specialize in something to stand out amongst rival cleaning businesses.

    It allows you to charge a higher price, get better clientele and build business organically online. You can run online ads on Google, Yelp, and Facebook. There are so many people running ads for the exact same thing as you, who are constantly trying to outbid you. The competition is enormous.

    Content marketing isn’t the only way. You can sell DIY materials online so that people can handle minor cleaning hassles on their own. Start a weekly newsletter on cleaning tips and tricks. And use online marketing to expand your geography. Functioning out of a couple of locations won’t bring in much revenue. Create business pages on Facebook, Twitter, and other social media platforms so that people can contact you through various mediums.

    Also read : How to Do Target Market Selection For Your Business

    Find The Right Customers

    You will find that there are certain customers that take up all your time, money, and energy. And it’s hard to make profits out of such people. On the other hand, there is a section of consumers who pay on time, pay more than the other customers, and are cooperative. Focus on this group and build a trustworthy customer base before thinking of expansion.

    Focus on that key demographic that earns you the most money and fire everyone else.

    This goes the same with your employees. Get rid of employees who slack off or those who are dragging down the company. On the other hand, encourage the few people who want to see the business succeed, who do great work. So focus on them and nurture such employees. Make sure they are appreciated and understood.

    Hiring The Employees

    Hiring the right employees is essential to creating a successful cleaning business. If you end up hiring employees and not being a solo enterprise, there’s a lot you need to know on how to hire people, how to take care of them, and how to get rid of the poor ones. So spend a ton of time for finding the best people. Go for those who have some prior experience in the cleaning segment. Hire a few newbies as well so that you can train them to meet the business’s objectives.

    Your employment advertisement should detail everything you want in the employee; say things like, “we’re looking for someone who is available these hours, who is extremely reliable, and is comfortable in being in people’s homes.” Whatever your requirements are, mention them.

    Put the instructions on the application process. Remove any kind of ambiguity. If you plan to take a video call interview, the instructions should outline the conferencing app you will use.

    Vet through the submitted applications carefully. Look for the answers because you will find a lot of people leaving certain sections in the application blank or having a snarky response to some questions. Put those people aside to remove the rotten apples. And then interview the remaining ones to your heart’s contentment.

  • How Rockefeller built his trillion-dollar oil empires

    How many wealthiest Businessmen or tech giants are living today? There are plenty of them who have worked their path through to the billionaire. But the only name topping the chart died almost a century ago. The businessman who continues to rank as one of the richest men in modern times built a trillion-dollar oil empire. This is the story of John Davidson Rockefeller(1839-1937).

    He is still one of the great figures of Wall Street, reviled as a villain, applauded as an innovator, but universally recognized as one of the most powerful men in history.  

    Early Stage of Rockefeller

    John was a smart individual since childhood. He got his hands into a lot of tasks, including raising turkeys and doing chores for neighbors, to make any money for his survival.

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    He received an unusually good education for his time till the age of 16 and then found a job as an assistant bookkeeper at a company called Hewitt & Tuttle, but he left that position in order to form a business partnership with oil driller Maurice Clark, that would later become Rockefeller, Andrews & Flagler, a company that focused on oil refineries rather than drilling.

    Frustrated with the low wage rate at the Bookstore, he decided not to invest his more time into the job and get some higher paying work. He then managed to secure a loan and started selling food products, such as grain and meat.

    The business boomed and John made some serious money. He was far from a millionaire though, but he didn’t do too bad for an inexperienced teenager. He was only 18, but the banks, impressed with his commercial acumen, were ready to loan him more money.

    Standard Oil

    In 1865, Rockefeller had borrowed some money to buy some of his partners and take control of the refinery. Over the course of the next few years, he acquired new partners and expanded his business in the growing oil industry. In 1870, Rockefeller formed the Standard Oil Company of Ohio, along with his younger brother, and a group of other men. John Rockefeller was himself the president and largest shareholder.

    Standard Oil Company
    Standard Oil Company

    Rockefeller’s Oil Monopoly

    In 1859, the first oil well in the United States was discovered. And so there began the oil rush and rise in demand. A lot of passionate entrepreneurs, including Rockefeller, rolled up their sleeves and prepared to grab their slice of the pie.

    When a bunch of determined, ruthless, pioneering entrepreneurs see an opportunity, they don’t show any mercy to their competitors. These people are relentless and won’t settle for anything but the first spot.

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    John Rockefeller not only sold refined crude oil but he also squeezed profits from byproducts like paraffin wax, tar, and naphtha. He didn’t buy wooden barrels from other businesses, he bought a forest and used his own wood to produce barrels to store oil.

    The revenue kept coming and Rockefeller made all the small competitors surrender to his authority. Rockefeller incorporated his company as the Standard Oil Company in 1870.

    But there was one thing that was still bothering him. There were four more competitors left and Rockefeller, who was raised in a crowded household and earned 50 cents a day, wasn’t a big fan of sharing.

    Rockefeller’s Standard Oil gained a state of monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe. In 1882, various companies were combined into the Standard Oil Trust, which would control some 90% of the nation’s refineries and pipelines.

    By 1890, his company, Standard Oil, was gaining major profits, which he used to buy out competitors. While Rockefeller’s offers were usually readily accepted, he had ways of persuading holdouts.

    He bought up all the oil barrels to cause a shortage that crippled smaller companies. Orchestrating price wars between wholly-owned subsidiaries, forcing holdouts to sell at losses. Also, Secretly bribing legislators.

    Limiting the number of trains available for shipment by leveraging his close relationship with the railroad companies. Purchasing all of the equipment and the equipment suppliers, then refusing to sell replacement parts to holdouts.

    Rockefeller’s Journey to Trillion Dollar Empire

    Standard Oil Trust

    After his failure to reorganize the rail industry, Rockefeller decided to restructure his sprawling empire. He and his partners innovated a first of its kind trust, where they swapped their individual holdings for shares in the trust. Rockefeller now wielded centralized control and veto power on all of the corporate boards within his conglomerate. The immediate benefits included even lower costs, lower kerosene prices, and standardization across the industry. Rockefeller’s company now had the assets and wealth to build pipelines and other infrastructure, on a scale that was previously unthinkable.

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    Standard Oil also employed chemists who developed ways of increasing the types and quality of combustible fuels and created methods of converting waste into usable substances. The petroleum coming out of the ground was being refined into various products, such as diesel fuel, varnish, and hair gel. As the new products became cheaper to produce, the company increased its global economy of scale.

    Standard Oil had its hands in many ancillary industries, such as iron, copper, steel and coal, but it also grew its presence in more unexpected areas, such as general stores. Rockefeller wisely forced shops to carry his products alone, where he was able to draw on the empire’s war chest to slash prices, thereby driving non-compliant shop owners out of business. Standard Oil likewise bought up newspapers to promote its version of events. It also owned its own boats, railroad cars, and warehouses, while manufacturing its own sulfuric acid.

    Rockefeller’s later life

    After retiring in 1896, Rockefeller channeled his energies towards philanthropic deeds, donating millions of dollars in the latter years of his life. With his son’s help, he created the Rockefeller Foundation, to carry on his work after he died. His business practices and charities have nonetheless benefited millions of people.

  • 10 Techniques To Improve Your Sewing Business

    This post applies not just to sewing business, but to any category of specialty or fascination you are willing to monetize on. So even if you aren’t closely related to sewing there’s something valuable for you takeaway nonetheless.

    The garment industry of India is an ₹1 trillion industry. Almost 33 % of it is knitwear production and about 20% of its woven-garment production (both by volume). These are highly exported commodities. About 25 % of India’s garment production (by volume) goes into the export markets, leaving 75 % for domestic consumption.

    Here are 10 popular techniques to take your sewing business to the next level. They can be used across domains and businesses.

    Time Management
    Set Your Customers Intentions
    Your Designs v/s Ready-Made Structures
    Pricing
    Sell In Your Lane
    Network
    Establish A Business
    Manage Finances
    Branding And Promotion
    Overcome Your Fear

    Time Management

    Time Management - Sewing Business
    Time Management

    Time management is the key to success not only in sewing business, but in several areas. Complex embroidery designs require precision and time simultaneously. And when you have several customer orders in line, effective planning is important. Which in turn relies on time management. So make use of remainders and planners to the fullest!

    Set Your Customers Intentions

    For sewing, are you going to do custom stitching, do measures, work on standard sizing, or something else? You need to set customer expectations and intentions upfront. Take the time to establish those expectations. Grab everything as a lesson, enhance it, and go from there. Set high standards in your sewing business.

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    Your Designs v/s Ready-Made Structures

    You have to decide whether you are going to use your unique designs or leverage marketable patterns as the source of motivation. This in turn is the reason for some people to prefer high-end designers over local tailors. Produce the best designs for your sewing business and establish your brand. Otherwise you won’t be able to expand your client reach and presence.

    Pricing

    This is crucial. Do not under-price yourself in sewing business or any other endeavor. Don’t undervalue your aids and abilities. Majority of individuals hold the opinion, “I’m going to start and offer cheaper services to get the clients”. When you undervalue yourself, your consumers mould their expectations accordingly. Common held belief co-relates low prices with compromise in quality. So when you feel that your services are of a certain standard or even exceed them, hike your prices. Some clients may leave you. But that’s bound to happen. Those who value quality work will definitely approach you.

    If your sewing designs and works are up to the mark, buyers will flock to purchase from you.  It simply boils down to understanding the value of your service, the integrity of your product, and appreciating the efforts invested by you.

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    Sell In Your Lane

    It is easy to to accept varied assignments at the same time. Don’t try to go beyond your capacity. Don’t have it hard on yourself by taking every rupee that knocks on your door. You are going to reduce your brand. As you start withe simple stitching and progress over time, your lane is going to expand on its own. There are lots of people who start with skirts and then work on expensive gowns.

    There are alterations tailors and bridal seamstresses. They are tailors but specialize in two different kinds of sewing tasks. Unless one specializes in multiple sewing domains, a person tends to stay in a particular domain of sewing/stitching.

    Network

    Networking Is Important - Sewing Business
    Networking Is Important

    Networking is important for any business to attain success and prosperity. So network with people and educate them about your sewing business. There are tons of resources online to help you with efficient networking strategies. Your business is going to come from word of mouth publicity so networking with possible leads and clients is a must. Leverage in-person events and sessions in addition to online meetups.

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    Establish A Business

    Think of your sewing endeavor as a full-fledged business. There are going to be moments that you will have to capitalize, take business oriented decisions, think about profit-loss, and be decisive. While the initial phases might be a bit challenging, you are only going to reap benefits in the end. You get bargains on products and deductions off services. Also, it will help you firmly authorize these expenditures as write-offs arrive tax season.

    Manage Finances

    Managing finances is a hard job not only in sewing business but in every business. Separate your finances to set up your business in the right manner. You should set a distinct surveying report for your business expenditures. Your accountant or whoever is going to govern your money is going to thank you for it when it comes to filing taxes. It’s something as simple as setting up an unrestricted private checking account and using it only for investments and company expenses.

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    Branding And Promotion

    Branding And Promotion - Sewing Business
    Branding And Promotion

    Your business needs to have an online existence. When you are starting a business, you are transitioning from a hobby to a career. You are nearly ascertaining a name to some grade. It’s best to segregate your private and your business social media accounts. Clear up your social media if your posts and content are unaligned with your business. Start your own website and social media handles to promote your sewing business.

    Overcome Your Fear

    Don’t be frightened. Many issues crop up as your business grows. These are not restricted to financial and mental challenges. And the concoction of all these issues will scare you at some point, even if you have nerves of steel. You are going to make some errors. You are not going to do things right occasionally. There will be ups and downs. There are going to be times when you’ll want to withdraw completely. But continue to remain resilient and sturdy!

  • The Latest Development About Business Model Of Amazon Prime That You Have To Know

    Amazon is the world’s leading e commerce business with an annual turnover of over $100 billion  and its growth is still exponential.  At the same time, Amazon is one of the world’s leading membership businesses with Amazon Prime.  The service is believed to have more than 80 million members worldwide.

    Amazon Prime is considered an important part of Amazon’s great success.  Amazon Prime members pay an annual amount of $99 or a monthly amount of $10.99 and receive free two-day delivery on over 15 million different items.  In addition, Amazon provides various content including data storage, movies and music to its core members.

    Amazon Prime Logo

    Amazon Prime Objective

    The primary objective of Amazon Prime is to create loyalty between Amazon and its customers.  When the customer has paid $99 or $10.99  for free delivery, he will wish to get the most from the already paid membership fee.  In other words, Prime Members get what we call ‘Golden Handcuffs’ within the subscription industry;  Benefits for customers.  As a result, Prime Members spend three times as much money as non-members on Amazon.com in addition to the membership fee.

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    Prime is not only critical of Amazon’s current business, with one-third of Amazon’s business derived from Prime membership.  Prime is also an important part of Amazon’s strategy for the future that revolves around the complete disintegration of the interaction between e-commerce and retail and the dominance of the same-day distribution market.Amazon has entered the market for groceries in the US, winning a position as a same-day delivery dominator in the market. Amazon Fresh delivers groceries and other goods directly to the customer’s doorstep, the day the goods are ordered.  Prime also plays an important role here.

    A Prime Fresh subscription at an annual amount of $299 gives customers free delivery of groceries as they often like Other retail and grocery businesses have much to learn from the success of Amazon’s membership.  Businesses have the opportunity to tie customers closer to the business through a membership that builds loyalty and makes the customer spend more on your business and less with competitors. It is very likely that we will see substantial use of the membership model within both the retail market and the grocery market – as we have seen it in other industries over the years

    Other Prime Service

    Amazon Prime Service

    Amazon Prime Music

    Prime Music is Amazon’s music streaming service.  Here users get access to over one million songs, which can be freely downloaded in the “Prime-Library”.  Prime users have the opportunity to purchase CDs at a lower price than usual, even though these purchases are rare at these times.  Compared to Spotify and other music services, Prime Music’s selection is not volatile, as contestants have more than 20 million songs available, but simply that the selection doesn’t exist is incredibly important and gives loyal customers their money.  Gives good value.

    Amazon Mom

    Prime has further membership.  As a Prime Subscriber, it is possible to subscribe as a parent or a family member and thus save 15-20 percent on diapers and similar products.  However, the name has been in the news a bit and has since been changed to the more appropriate “Amazon Family”

    Amazon Cloud Drive

    Amazon cloud drive is Amazon’s “cloud storage”;  Amazon’s response to Dropbox.  Here, users can store files from their computer, so that it is backed up and so that computer memory is not filled.

    Amazon Studio

    Amazon Studio is an additional step in Amazon’s long-term plan to reach as many users as possible.  Amazon Studios Amazon has its own film production service and intends to produce both TV series and films.

    Amazon Prime Instant Video

    The video service competes with some relatively big players, including Netflix, Hulu and HBO.  However, there are many indications that Prime Instant Video is a major success, especially in terms of getting users to subscribe to Prime or getting users to keep up with Prime

    Amazon Prime Two Day Delivery

    It was from here that it started.  For six years, Prime was only a two-day delivery service and was a real success for subscribers.  It was possible to get free delivery with your purchase if you ordered more than $25 and were not a Prime Customer – but as a Prime Customer you could order anything without paying for transportation.  Of course, you have indirectly paid for the load – as an annual payment – but in the end most customers have made the most of the savings on free transport or paid in the subscription amount.

    Amazon Prime Kindle Service

    39 percent of Amazon consumers in the US reportedly own a Kindle reader.  Kindle users, who are not necessarily prime subscribers, are often referred to as good subscribers as prime subscribers, as they make more purchases than the “standard” customer.  Kindle is the name of Amazon’s e-book reader, which gives users the possibility to buy, download and read e-books anytime on their tablet.  Kindle also works with Prime Library, which gives Prime customers the possibility to borrow e-books for free from a website or app

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    Learning From Amazon Prime

    In 26 years, Amazon has managed to grow to be the world’s most successful e commerce company with an annual turnover of over $130 billion and a market value of around  $470 billion.  Nevertheless, the company still finds itself in the “Day One” in the development of e-commerce, as the vast majority of business between companies and individuals is still physical and psychologically driven by customers into a store or supermarket  .  This is what Amazon wants to change.

    According to Jeff Bezos and Amazon this change will only happen if e-commerce is cheaper, faster and easier for the customer in the future, as the customer has to go to the local store or supermarket.  Therefore, the customer, when he is shopping online, must have access to the best and largest selection of items.  More importantly, the goods have to be delivered quickly and most often on the same day.

    One of the most surprising levers in the making of this change is Amazon turning its customers into customers.  The membership model is otherwise not an everyday look in the retail or grocery industry.  In fact, it is virtually non-existent, but Amazon has reinforced and revolutionized the concept of membership, and created a very strong formula for customer loyalty with Amazon Prime.  In fact, to the extent that it is believed that Amazon has more than 60 million customers worldwide – and is still growing

  • Beginners Guide: How to Start Dropshipping Business in India

    Do you ever dream of owning your business but you step back by looking at huge investments and capital of starting the business, guess what now you can own your own e-commerce store and be the boss of your business.

    What if I told you you can start your own e-commerce business with low investment and minimum capital, yes you can have your own e-commerce business with minimum capital let me show you how.

    Dropshipping has become popular in India since the entry of Amazon and Aliexpress and many Indian entrepreneurs started their business in dropshipping.

    What is Dropshipping Business?

    Dropshipping is a business model in which the retailer does not require to
    have a stock of the products which they are selling, instead, they give the order and shipment details to the wholesalers, and then the wholesaler will directly forward the product to the customer.
    The benefit of this business is, the retailer does not have to take the hassle of storing the products in storeroom.

    Benefits of a Dropshopping Business

    1. You can choose several products from your dropshipping store.
    2. The burden of maintaining a warehouse is eliminated.
    3. You don’t require a hefty amount to commence the business.
    4. Retailers can price their products as per their  preferences.
    5. There is fewer risk involved in this Business.

    Is Dropshipping Profitable in India?

    yes it is if you follow the right steps and dedicate yourself to your business, success and hardwork go hand in hand so you need to focus on your business and grow your business .

    How to Start Dropshipping Business in India?

    Now lets talk about real business so the first step to start dropshipinng business in India.

    Also read: Impact of Coronavirus outbreak on Dropshippers

    Register Your Business

    The first and the most important step in starting your own Dropshipping business is to register your business because not doing so can you land in some serious trouble with Indian authorities so first register your business to know how to register your business you can read some articles.

    Once you register a business or company, you can get lots of benefits from the Central and state governments. These include loans at low-interest rates and tax exemptions .’

    Don’t forget you will get a Goods & Services Tax Identification Number (GSTIN) for your business. This is notably important nowadays to buy or sell anything in India. You’ll also need it for payment-related formalities.

    Also read :How to Start a DropShipping Business in India Using AliExpress(10 Easy Steps)

    Open a current account

    Clearly, your in this business for earning money so you require a current account for the investments and money transfer you’ll make while you grow your business. Having a current account is recommended by the experts if you require any foreign investments or money transfer in the future so its better to play safe.

    While the Reserve Bank of India has specific guidelines for banks to offer Current Accounts, I would suggest you scout the market and find the best bank for your business.

    Ill suggest you open your account in foreign banks because foreign banks have large networks of branches and correspondent banks across the world, which makes the transaction and money transfer more effortless for you.

    Open a PayPal account

    Having a PayPal account is total up to you if you want to ship your products in different countries or you know you will deal with foreign investments in the near future so having a PayPal account is a must for your business.

    To open a PayPal account You’ll require the GSTIN number and Current Account details. PayPal will verify your bank account and other details before accepting your application.

    List the products

    List down the products you want to sell on your online store, choose the products you want to sell with the help of an expert in this business because you need to list the products that sell fast and in huge amounts so you don’t incur a loss in the initial months of your business.

    Finalize the category of products you wish to sell as a drop shipper.

    Contact supplier/wholesaler

    For listing and selling the products on your e-commerce store you require a seller from which you can purchase the items in bulk. If you wish you can contact the suppliers by yourself or you can get the help of some services which connects the retailers and wholesaler. Our top recommendation would be Aliexpress and IndiaMART.

    These services will make it easy for you to find the products and list them on your e-commerce store

    Return policy

    if you are in an ecommerce business you have to think aboout the returns, customer can return the products if it is damaged or the customer is not completely satisfied with the product so you need to have a return policy with the seller if the product gets damaged during the shipment of thart product, you also need to look into providing the refund to the customers when they return the product.

    You can minimize your returns by paying special attention to aspects like precise handling and shipment of products.

    Open an e-commerce website

    You want a platform to sell your products on, so to start your dropshipping business in India you need an e commerce website. you can set up your own site or you can use services like aliexpress which will handle everything for you.

    If you prfer to sell your products in a small locality or only limiting to your city then facebook marketplace is what we recommend.

    To expand your customer base you also have to promote your website on different social media platforms such as Facebook and Instagram.

    After you initiate your website list the category of products you want to sell on your site finalize the price of the product carefully and also pay attention to return policies that are favorable to the customer. set up a secure payment method so that if a customer wants to pay online he/she can pay effortlessly, in India people prefer COD over other payment methods.

    Now you know the steps to start your own e-commerce business get your business going here’s a small tip for you, well suggest before entering this dropshipping market study the market properly and see if the business model suits you.

    Here are some tips that will give you an edge over others

    Before entering the business study your competitors thoroughly because they are already in this business so study your competitors and learn from your mistakes.

    Select the products which are high in demand so the chances of your loss is less than normal.

    Final Verdict

    Hardwork is the most important key to success so after starting your own e-commerce business dedicate yourself in your business strive hard and you’ll get the results. there are ups and downs in every aspect of life so if you ever fail in your business don’t give up stand up and work harder than before.