The hybrid work model was first introduced into the market by Google and later on a lot of companies have been able to adapt to the model. The Hybrid model is considered to be more effective in regards to the output for a company and various other advantages added to it. In this article letâs look at the top companies that have adapted to the hybrid work model and also why your company would think of moving forward with a hybrid model.
The CEO of Google and Alphabet, Sundar Pichai had announced that the company will adapt to a new working model where the employees can work from the office as well as from anywhere during a particular week. 60% of the employees are expected to report to the office occasionally and the rest will be given the freedom to work from home.
Amazon
Amazon which is one of the largest e-commerce firms in the United States has announced a remote working policy for its employees. The company has conveyed that the employees whose position allows them to work from home will be able to work remotely from June 2021.
The company has around 92,000 employees around the globe. Some of the remote jobs in the company are Customer, Service associate, Economist-Advertisement Finance, Customer Support Associate.
Atlassian
Atlassian is an Australian based software company having its headquarters in Sydney. The company develops software products, software development teams and other project managers. It was founded in the year 2002 and is a public limited company.
The company has around 6117 employees and has been informed that the employees will be able to work from home forever. The recent remote jobs of the company are Content Designer, Product Marketing Manager, GTM.
American Express
American Express is a multinational financial service company. It was founded in the year 1850 and has its headquarters located in New York. The company has a worldwide presence and provides services in the fields such as Finance, Insurance and Travel. Some of the products of the company include Charge Cards, Credit Cards, Corporate banking and Travelerâs cheque.
The company has more than 63,000 employees and has announced that the employees would be able to continue their remote working model through the Labor Day -2021. Some of the recent jobs for work from home include Manager-corporate communications and Global Supply chain management, Real time analyst and Business analyst.
Coinbase
Coinbase is an American based company that operates a cryptocurrency exchange platform. The company is a remote first company and does not have an official headquarters. The company has allowed most of its employees to work remotely and has conveyed that after the pandemic those who wish to return to the office can and the rest of the employees can work from home.
Some of the recent jobs for work from home include social media manager, Group product marketing manager, training lead, client service. The company has more than 1000 employees.
Facebook is an US based social media platform that was founded in the year 2004 and has daily active users of more than 2 billion. They have a worldwide service and the platform is available in around 11 languages. Facebook is one of the largest social media platforms.
The company has conveyed that it would allow almost 50% of its employees to work remotely forever. Some of the recent remote jobs are Technical program manager, a Product designer.
Microsoft
Microsoft is an US based software company and also a multinational technology corporation. The company was founded in the year 1975 and has its headquarters located in New Mexico, United States. The company offers products which involve personal computers, computer software and consumer electronics.
The company has conveyed that their employees are allowed to work from home for an approx. of 50% of their work week and even the managers are given the liberty to approve remote work for the employees.
Infosys
Infosys is an Indian based multinational tech company that was founded in the year 1981 and has its headquarters in Bangalore, India. The company is into the IT services and IT consulting industry and is the second largest IT consulting company in India. The company has more than 2 lakh employees.
Infosys has conveyed that they would let around 33 % to 50 % of their workforce to continue work from home forever. Some of the recent remote jobs of the company include Underwriting Manager, Post Closer Process associate.
Why should your company choose the Hybrid work model?
The hybrid work model provides a freedom of choice and flexibility to the employees. It is considered to be a more effective, sound and a realistic approach towards remote jobs. This reduces the control over an individualâs life by being able to avoid the day to day problems such as transportation of the employees, time to log off or log in, the collaboration of the employees, etc.
This model also acts as an advantage for the working women as they will be able to continue their employment and their career and not to quit their careers in between.
It was also found that in the long term the productivity will be much more higher for work from home model as the employees are given the freedom to choose the surroundings and the place which makes it more convenient and comfortable for them.
Conclusion
The hybrid work model has a lot of advantages and helps the company as well as the employees benefitting them equally. This model is expected to become much more common and to be an important part of the corporate world in the near future.
FAQ
What is hybrid workplace model?
The hybrid workplace model is a type of model that combines remote working and in-office working where some or all employees have the freedom to choose where and when they work, dividing their time between working from home and working from a office.
Is hybrid work the future of work?
As per the executives of the top companies the hybrid model in which employees work both remotely and in the office will become far more common.
Is it better to work at home or in an office?
Studies have shown that Work from home has increased productivity of employees also it cuts down the time it takes to travel to the office.
The world we live in is always in need of innovation. Be it from domestic help to data analysis. For all of this one thing is unavoidable – investment. With an aim of investing in transformative technologies, The Japanese company SoftBank has initiated a $100 venture capital fund called the visions fund.
The Vision Fund was a materialisation of a talk between Masayoshi Son, Chairman of SoftBank and the crown prince of Saudi Arabia Muhammed Bin Salman. As the name suggests, the Vision Fund envisions a long-term growth of companies for the benefit of humanity.
Being the biggest venture capital fund in the world, their plans for investment are almost equal to the global venture capital investment of the world. Most of their companies are in the transportation and logistics sector followed by consumer services and frontier technologies. Here is a glimpse of a few startups that are funded by SoftBankâs Vision Fund
The banking startup is the latest unicorn now. In May 2021, it raised $250 million in a series C funding of Vision Fund. This has raised the value of the firm to $1.45 billion. It was founded by Bhavin Turakhia and Ramki Gaddipati in 2015. Zeta provides a modern and cloud native platform to improve the cost to income ratio and consumer experience.
ByteDance
With a mission to âInspire creativity and enrich lifeâ, ByteDance is a startup that is spread over 150 markets with offices in 126 cities. They offer high quality Global Creation and Interaction Platforms as and while ensuring that the digital life of billions of its users are made beautiful. It was found in 2012 in a four bedroom apartment. In 2019, SoftBankâs Vision Fund invested in ByteDance and its corporate value quadrupled soon after.
Trax
Making in-store execution easier, Trax has been very useful to both retailers and customers. They say that through them the best of digital technologies comes together in the physical reality for the best experience of the users. In 2021, it secured $640 million funding lead by SoftBank Vision Fund. Trax will continue to optimise its retail stores through creating awareness about changing store condition and improving purchasing intent.
Firstcry
Founded in 2010, It aims to be the largest retailer in child and mother care products in the world. In 2018, SoftBank Vision Fund bought a 40% stake at a rate of $400 million which makes them the biggest investor in the company. It also valued Firstcry at $1.1 billion at that time. Today, they have a customer base of over 20 million families. Under the leadership of Supam Maheshwari, they continue to conquer greater heights in the business realm.
It is a startup that revolutionised the untapped market of opticals. It is indeed a magical unicorn of India and there is no surprise in Vision Fund investing in Lenskart. Beginning from contact lenses, today it has a range of prescription glasses and sunglasses as well. It was launched in 2010. It fared really well in business and was aided by SoftBank Vision Fund in the year 2019. They invested a total of $275 million after which it was valued at $1.5 billion. In 2020, Lenskart generated a revenue of 1000 crore.
Meesho
The top rated reselling app of India was found by two IIT Delhi graduates Vidit Aatrey and Sanjeev Barnwal. They have transcended beyond earning profits for themselves alone by helping small businesses and individuals to set up their own online stores.
In the latest funding round of Vision Fund (2021), it invested $300 million which raised its value to an enviable $2.1 billion. Earlier, when it was valued at $700 million, they had received a funding of $125 million in 2019. The latest funding is three times greater than last time. It was the fourth deal in the second Vision Fund in India.
Oyo Rooms
The most popular hospitality firm that upturned the ways of hotel booking raised $807 million along with RA Holdings. In this SVF has picked up 9626 holdings of Series F CCPS for $506 million. This will make SVF entitled to 50.5% stake in the firm. Oyo has always surprised us by expanding to countries like wildfire. It is expected that this fund will be used to increase the efficiency of the company by delivering the best services. Â
Flipkart
Flipkart is a very familiar name in the e-commerce industry for the past few years. Its growth has been tremendous and inspiring. Softbank Vision Fund had invested a sum of $2.5 billion in 2017. Now, Flipkart is completing its merger with Walmart and SoftBank has only sold 20% of its stake during the process and thereby continues to stay invested. Softbank is now again trying to invest in Flipkart.
Unacademy
It is a Bangalore based Education technology firm which was founded in 2015. It began its journey as a YouTube channel in 2010 and its growth over the decade is commendable. Unacademy received a sum of $150 million from SoftBankâs Vision Fund in 2020. This will take the committed firmâs overall value to $1.4 billion. This is a triple gain as far as the firm is concerned in a span of 6 months. They will be using the fund to launch new products and expand the organisation. Â
The UK based bank for small and medium sized companies was founded in 2013. It gained regulatory approval in 2015. The firm was founded by Rishi Khosla and Joel Perlman. In February 2019, SoftBank invested $440 million in OakNorth and its value skyrocketed to $2.8 billion. Many times, it lends more than $5 billion which is higher than its counterparts. However, they recover more than 90% of that money. Today, it is one of the highly valued startups in Europe.
Softbank’s Biggest Investments
Grofers
Founded in 2013, Grofers is a grocery delivery service in India. It allows you to order a large variety of products through their online supermarket. Their potential did not skip the eyes of SoftBank either. In 2020, they invested $55 million in this firm to help them further improve their efficiency and services. The bankâs trust in the business can be further reiterated by the fact that they hold 46% of the total holdings.
Paytm
Since its launch in 2009, Paytm has transformed the money paying etiquette of people in India and many other e-commerce payment platforms followed suit. In 2019, it was founded by Vijay Shekhar Varma. Paytm raised $1 billion from Vision Fund along with Ant Financial Services. The new fund will be used to ramp up the expansion of the firm into rural India. They aim to popularise payments in rural India online.
Biofourmis
It is a health tech company that makes use of machine learning and AI to improve services in the health sector. It was founded by Kuldeep Singh Rajput with a team of committed members backing him. Together they have been successful in improving outcomes of major healthcare providers. In 2020, they raised $100 million through the Series C of Vision Fund. This was indeed a booster shot for them. They are now on their path to develop better portfolios which are inclusive of digital therapeutics for pain and cancer.
Klarna
Klarna Bank AB or Klarna, as it is commonly termed, is a Swedish fintech company that is mainly associated with online financial services to support payments for online storefronts, direct payments, and post-purchase payments. The company is headquartered in Stockholm, Sweden and boasts of more than 3,000 employees, most of whom work from the headquarters.
With the latest investment round, Klarna announces an equity funding of $638 million. This equity funding has been led by SoftBankâs Vision Fund 2, which was then followed by additional participation primarily from Adit Ventures, Honeycomb Asset Management, and WestCap Group. The latest round of funding raised the valuation of Klarna to $45.6 billion. This recent funding round is aimed to support the international expansion of the company and further capture global retail growth.
Eightfold AI
Eightfold AI, as the name indicates, is a Talent Intelligence platform powered by Artificial Intelligence. Eightfold AI announced on Thursday, June 10, 2021, that the company has been successful in raising a fund close to $220 million in the Series E funding round led by SoftBankâs Vision Fund 2.
The company has been successful in raising more than $410 million to date, with around $350 million coming in the past six months. According to Eightfold AI’s Founder and CEO, Ashutosh Garg, the company will continue to use the funds to widen its operations in India, with investments focused on the most talented data scientists and engineers across the country. This way Eightfold AI would ensure that its funds are used for fast and effective growth and development of its talent intelligence platform and further expanding its growing partner ecosystem.
Whatfix
Whatfix is a SaaS-based company, which primarily focuses on providing in-app guidance and support for software products and web applications. In the Series D funding round of the company, Whatfix announced that it has raised $90 million. This recent round of funding was led by Softbank’s Vision Fund 2, followed by other participations including that of Eight Roads Ventures, Sequoia Capital India, Dragoneer Investment Group, F-Prime Capital, and Cisco Investments.
Whatfix claims to have tripled its investments after the completion of this recent round of funding, according to TOI. The firm has reportedly raised around $139.8 million in the last segment alone and with that in, the company is presently valued at $600 million.
With the latest round of funding, Whatfix aims to strengthen its position in the US and look for further expansion in Europe and the Asia Pacific. It also strives to focus more on product innovation to provide personalized user experiences with effective use of Artificial Intelligence.
Here are a few other startups in which SoftBankâs Vision Fund have invested in
Name of the company
Year of Investment by SBVF
Amount of investment
Ola
2014
$210 million
Delhivery
2019
$350 million
Policy Bazaar
$200 million
OpenDoor Labs
2019
$300 million
Cameo
2021
$100 million
Banco Inter
2021
$471 million
Exeger
2019
$10 million
Zume Pizza
2018
$375 million
One Tap Buy
2018
$17.32 million
Compass
2018
$400 million
Conclusion
There was a lot of criticism with regard to the functionalities of Vision Fund. Many opinionated that the mode of its functioning was hitherto unseen. The loss it faced in the last year further sharpened the criticisms against it. However, it was able to come back with a bang and give a sharper reply to the critics through its economic performance.
The performance of the companies in which it invested is a testimony to the win of SoftBank as well. The Japanese multinational company has significantly helped a plethora of startups to ace in their business through the Vision Fund.
By extending help to startups, it also didnât fall back in emerging as the biggest profit earning company in the history of Japanese companies. After a year of unprecedented loss it has emerged as one of the worldâs biggest earning firms in the world. SoftBank and its Vision Fund will always remain as a ray of hope for all startups.
FAQ
Who owns SoftBank?
SoftBank’s founder and CEO is Masayoshi Son who is the third-richest person in Japan, with a $20.6 billion personal fortune. He owns $45 million worth of real estate in Tokyo as well as a $117.5 million estate in Silicon Valley.
What is SoftBank Vision Fund?
Softbank Vision Fund is the world’s biggest innovation-centered investment finance, with over $100 billion in the capital.
How does SoftBank earns?
SoftBank owns stakes in many technology, energy, and financial companies. It also runs Vision Fund, the world’s largest technology-focused venture capital fund.
Headquartered in Bangalore, Flipkart is one of the largest Indian e-commerce companies. Since its launch in 2007, it never had to look back. With constant growth and profitable acquisitions, Flipkart earned a revenue of $6.1 billion in 2019. It also owns Myntra, Â PhonePe and 77% of its share was acquired by Walmart in 2018.
No one can deny that Flipkart has been a platform for many sellers who would have otherwise perished in their brick and mortar stores. While many continue to strive in this e-commerce platform, many more are stepping in. This article takes you through a few tools that will help you to expand your business in Flipkart.
It is an e-commerce platform for the sellers from where they can sell products on Flipkart. It also allows you to sell on other sites as well. They guide you throughout the process by giving you many options like an online demo, scheduled call with an expert and so on. This will be a great place for beginners to figure out the functioning of sales in Flipkart.
Facebook Advertising
Sellers can now make use of Facebook to advertise their products. It must be acknowledged that their reach and impact is really high. They are capable of improving traffic into your product. Once you set your budget, audience and location; you are good to go.
Hootsuite
Hootsuite Website
This tool helps you manage all your social media pages from one more portal. The relevance of this tool becomes prominent when you realise that through social media marketing and customer support becomes virtually the same. Such a single portal will help you in engaging with your customers more efficiently which will help you in analysing patterns of purchases.
Shipworks
Shipworks Website
To keep track of your orders, pick lists, custom invoices and monthly reports, Shipworks is an excellent tool to rely upon. It makes the process of shipping easier. They download orders from the online store for your future reference and order fulfilment.
This app as the name suggests is for sellers on Flipkart. It helps monitor your business in real time and is even remotely accessible. It has an excellent interface which also helps you get the real time status of orders, customer questions etc.
Eshop box
Eshop box Website
This tool helps you reduce the cost of doing business. It is part of the Smart Fulfilment Programme by Flipkart. It boosts your sales and Return of Investments. All you need to have is a seller account on Flipkart Smart Fulfilment and Eshopbox fulfils entries that are integrated as your pickup address.
BoxNsights
BoxNsights Website
It is an online tool that helps you increase your sales and profit margin if you are selling on Flipkart. Their price reprising tools will keep a close eye on competition and make sure that you get the best out of any opportunity. Users have claimed to have a 40% increase in margin after using its help.
Happy sellers
Happy sellers Website
They provide Flipkart sellers with a suite of products. This is available for Flipkart Smart Fulfilment Sellers. They process and auto dispatch orders. They are extremely useful and are popular among the clients (sellers). All you have to do is to download the app and process the orders.
This visionary tool in Product Information Management personalises the details of your product suitable for Flipkart as and while the control remains with you. Their service is also extended to other e-platforms as well. They help in amplifying your brand and improving its value.
Conclusion
Flipkart themselves provides a lot of support for sellers doing business through Flipkart. However, It is always better to aid your business with the help of external tools as well. Some of these tools can be used for selling products in other e-commerce platforms as well while other few are only available for Flipkart sellers.
One thing that you should never forget is that – upgrading is important. As your business develops and expands, better and more tools need to be used to supplement the growth.
FAQ
What is the most sold item on Flipkart?
As per Google the products that sell most on Flipkart and Amazon are Apparel and accessories with an impressive figure of 84%, followed by Electronics at 71%.
Is selling on Flipkart profitable?
Yes, it is profitable to be an online seller on e commerce platform, As It is just like any other business where you need to take risks and learn.
Is GST required to sell on Flipkart?
Yes if you want to sell any product on Flipkart you require GST.
The current years many brands are appointing many sportsman and athletes as their brand ambassador. This is because many athletes are not just popular but also have the skills and characteristics that are admired by consumers from all walks of life.
One such unique wrestler that is self-made, and has achieved success through the sheer determination and hard work is none other than the Great Khali. The Great Khali born as Dalip Singh Rana is an Indian American Professional Wrestler, Wrestling promoter and actor. He became popular during his time in the WWE.
Khali was earlier an officer in the Punjab Police, but made his debut as a professional wrestler in 2000. Khali has also appeared in some Hollywood and Bollywood movies such as The Longest Yard, Get Smart, Kushti, the tree of life, John Cena experience, etc. He also was a part of the popular reality TV show Big Boss in 2010.
The wrestler was the first Indian world heavyweight champion and has defeated well known people like Undertaker, Kane, John Cena, Shawn Micheals and Big Shaw throughout his career. Khali is the founder of Continental Wrestling Entertainment (CWE) which is an Indian professional wrestling promotion and training academy.
From 2006 to 2014, Khali has won several WWE Champions, like World Heavyweight Champion, 2 time CWE Heavyweight Champion, 2 time Slammy Award winner in WWE and winner in the Teisen Hall Six Man Tournament. Recently on 24th March 2021, Khali was inducted into the WWE Hall of Fame.
As of 2021, the net worth of the great Khali is estimated to be over $6 million, which he earned mostly through wrestling. The wrestlers has so far earned over $2.2 million just from his brand endorsement. This fame has also led him to be the brand ambassador of for some brands such as Ambuja Cements Limited, Nestle Munch, Maithan steel and Immortal Tyres.
Here is a list of brands endorsed by The Great Khali.
Ambuja Cements Limited
Ambuja is a leading cement producing company that is known for its home building solutions and sustainable development operations. Ambuja Cement was founded in 1983 and has its headquarters in Mumbai, Maharashtra. The company markets cement and clinker for both domestic and export markets.
In 2006, Ambuja became the partner of Holcim which is the second largest cement manufacturer in the world. Ambuja is one of the most trusted brands in India because it is its products offer sustainable options, designed according to the climatic conditions in India. Currently, Ambuja Cement has a cement manufacturing capacity of 29.65 million tonnes as it has five cement manufacturing plants and eight cement grinding units across India.
The company signed the great Khali as its brand ambassador in 2015. The WWE wrestler has appeared in some ads for Ambuja, one of the best ambuja ads is the mockumentary ad with Khali. In the ad Khali is shown to be in an interview, explaining about how his strength and height were a problem in his earlier days.
The funny commercial shows him struggling with infrastructure and falling in different places while doing his daily tasks, the ad then showcases that after building a home with ambuja cement, he finally understands the joy of being at home. The advertisement was funny, clever and got lakhs of views within a first weeks of its launch.
Nestle Munch is a popular wafers filled chocolate bar sold in India and made by the conglomerate Nestle. Munch comes in various different flavors such as Munch Nuts, Munch Crunch O’Nuts, etc. Its parent company is the FMCG giant Nestle, which is a swiss multinational food and drink company that has its headquarters in Vevey, Switzerland.
Nestle sells a vast variety of products such as Baby food, medical food, cereals, bottled water, dairy products, ice cream, pet food, snacks, etc. NestlĂŠ was formed in 1905, and is now considered to be the largest food company in the world, in terms of revenue. Currently Nestle is sold in 189 countries with more than 447 factories around the world. Nestle started imported its products to the Indian market in 1912 and has a long history with the country.
Nestle is one of the most trusted brands in India because it has helped the country grow for over a century and employs over a million Indians in different roles. Nestle manufactures many products that are well known in India such as Nescafe, Maggi, Kit Kat, Milkmaid, Nestea, and a wide range of Nestle dairy products.
Nestle signed The Great Khali as the endorser for its brand Munch in 2018. Nestle launched the ad campaign featuring Khali and the Bollywood actor Ishaan Khattar shot at the picturesque Dal Lake in Srinagar. The ad showcases the Ishaan being stunned by his date and her chaperone Khali. It further shows Ishaan biting into the Nestle Munch and getting an idea to save his date.
Maithan Steel is one of the leading steel plants of the country as it has history of over half a century. The company specializes in iron and steel, ferro alloys, refractory, power and cement sectors and is available in over 56 countries including Europe and Japan.
Maithan Steel and Power ventured into the iron and steel industry in 2001 and so far has over 1500 direct employees and 10,000 indirect employment. The company aims to deliver the best to its customers by manufacturing products with the best materials by using the latest technology and innovation in Indian and across the world.
The company made The Great Khali its brand ambassador in 2020, the professional wrestler was a part of the ad campaign that reveled its new identity with the tagline âNirmaan ka Maandandâ. Through this ad the company was aiming to increase awareness, educate and inspire consumers on purchasing strong steel like Maithan steel which is said to be made in state of art technology.
Kaushal Agarwalla the Director of Maithan Steel said that, they were glad to be associated with Khali for the campaign, as he would help in establishing the value of strength, bring better engagement, re-install the sense of trust and dependability with their customers.
Immortal Tyres started in 2011 are one of biggest manufacturers of a wide range of Tractor tyres, E-Bikes and Bike tyres. The company created best quality tyres by using the top grade resources. Immortal Tyres are known for their strong construction, premium quality, long service life and affordable prices.
The aim of the company is to meet the changing needs of the customers and offer products as per the client need. The great Khali was signed as the endorser for Immortal Tyres in 2020. The wrestler is also featured in an ad campaign where he showcases the strength and durability of the Tractors tyres.
The Great Khali is one of celebrated wrestlers in the history of WWE and is known for his humble and sincere nature. The professional wrestlers has worked hard to reach to that platform and this are the characteristics that are expected from brand endorsers in the advertising industry.
Khali has over 1.6 million followers on Instagram and 11.8 thousand followers on Twitter and constantly endorsing his training center and other brands on his social media. But was recently the targeted by the impossible requests and memes from trolls, despite that the wrestler seems to take it positively and let it go. Khali is one of the few professionalâs wrestlers to be signed as brand ambassador for big brands.
Frequently Asked Questions
Who is The Great Khali?
The Great Khali born as Dalip Singh Rana is an Indian American Professional Wrestler, Wrestling promoter and actor that became popular during his WWE profession.
What is the Net worth of the Great Khali?
The Net worth of the Great Khali is estimated to be $6 million as of 2021.
How much does The Great Khali earn from Endorsements?
The Great Khali is known to earn over $2.2 million from Endorsements
What are the brands endorsed by The Great Khali?
The brands endorsed by The Great Khali are Immortal Tyres, Maithan Steel, Nestle Munch, and Ambuja Cements Limited.
Raymond Group is an Indian based fabric and fashion retailer brand. The company was formed in the year 1925 and has its headquarters located in Mumbai, India. Other than the well-known fashion brand, the Raymond Group owns a lot more subsidiaries. In this article letâs look at all the subsidiaries owned by Raymond Group.
Raymond Suiting is one of the largest vertically and horizontally integrated manufacturers of a fine smooth suiting fabric across the globe. The company claims that it has more than 60% market share in the suiting fabric sector in India.
Raymond is one of the worldâs preferred brands and manufactures a wide range of blend which includes cotton, linen, poly-wool, silk, polyester viscose and other premium blends. They have manufacturing plants situated in Gujarat, Madhya Pradesh and Maharashtra.
Raymond Group Subsidiaries – Shirting
Raymond is known for manufacturing one of the finest shirting fabrics in India, that is aligned to the latest designs and the fashion trends. Raymond Luxury Cotton which is a B2B business is known for producing one of the worldâs finest fabrics i.e., 150 lea pure linen and 340s count cotton.
The B2C business of shirting fabric was launched in the year 2015 and has grown significantly over the years. The company has a strong brand preference in the country and Raymond has been the largest OTC branded fabric player of the country.
Raymond Group Subsidiaries – Garments
The Raymond Group had gone into the garmenting business through its subsidiary firms namely Silver Spark Apparel Ltd which is known for suits, EverBlue Apparel Ltd which is known for jeans and Celebrations Apparel Ltd which is known for shirts.
The garmenting business manufactures and exports the suits, jackets, trousers and shirts to USA, Japan and Europe.
Raymond was one of the major companies to start its retail business in the year 1958. The group has more than 1100 stores that is spread in more than 300 cities and towns. The Raymond Group has 4 major brands in the retail sector that include RRTW â Raymond Ready to wear, PA â Park Avenue, CP â Color Plus and Parx. Raymond also has their presence in the e-commerce space through raymondnext.com.
Revenue of Raymond Group
Raymond Group Subsidiaries – Denim
Raymond UCO denim is one of the earlier brands to introduce specialty ring denim in India. The denim business of Raymond supplies the products to America, Europe, Asia as well as the domestic market. The manufacturing facilities are located in Mumbai and Europe.
Raymond Group Subsidiaries – Tools and Hardware
In the year 1949, the Raymond group had ventured into the engineering sector. The group had ventured into the engineering sector by establishing JK Files and tools. This segment includes manufacturing of steel files and cutting tools and marketing of power tools and hand tools. The company is one of the largest manufacturers of steel files across the globe.
The business has a market share of around 60% in the Indian market and around 30% in the global markers.
The Raymond Group has a well-established presence in the FMCG sector with its subsidiary company Raymond Consumer Care Private Limited. The pioneering brands in the FMCG sector involves Park Avenue and KS which provides a space for them in the home care segment and the sexual wellness sector.
Raymond Group Subsidiaries – Automotive Components
The entry into the Automotive Components sector by Raymond Group was through the acquisition of the prominent ring gear and flex plate manufacturer in India, Ring Plus Aqua Ltd. The company was established in the year 1984 and has a long-fledged relationship with the Indian automotive sector with a manufacturing base of Water Pump Bearings, Flex Plates and Starter Gears. The subsidiary company has warehouses in the United States and Europe.
Raymond Group Subsidiaries – Raymond Realty
Raymond Group which is well-known for fabrics and clothing has ventured into Raymond Realty as well. They provide luxurious residential spaces and they have introduced a new standard of living by concentrating on quality, design, comfort, convenience, technology and service.
The company aims to create modern living spaces like never before by incorporating virtues of excellence, style and a timeless appeal.
Conclusion
Raymond Group is brands such as Park Avenue, Park Avenue Women, ColorPlus, Kamasutra and Parx. They have around 700 retail stores present in India. Raymond is one of the most trusted brands of India.
Raymond Group Subsidiaries – FAQ
Who founded Raymond?
AJ Raymond founded Raymond in 1925.
Who is the CEO of Raymond?
Joe Kuruvilla is the Chief Executive Officer (CEO) of Raymond Lifestyle.
What is the Revenue of Raymond?
Raymond India reported a revenue of over 65 billion Indian rupees in fiscal year 2020.
The famous Bollywood actor, also known as the legend; Circuit in Munnabhai, Arshad Warsi has performed many iconic films throughout his career in Bollywood. And not just this, he is quite famous and successful as an actor, dancer, producer, choreographer, television personality and playback singer.
Arshad Warsi has received tons of Awards for his splendid performances like The Filmfare Award. He won this prominent award among five great nominees. Arshad Warsi is known for acting in various types of film genres and has endorsed with quite a few brands.
In this article, we will discuss those brands that Arshad Warsi endorsed.
Domino’s Pizza
Domino’s Pizza has always brought real joy and humour to its advertisements. It considers it as a major aspect for the promotion of their widely famous Domino’s Pizza brand. Arshad Warsi with his legendary performance of Circuit in Munna Bhai MBBS and other different characters in films brings a distinct charm and humour to his personality. Therefore, he suits best with humour and joy advertising.
Domino’s Pizza has signed the Bollywood actor, Arshad Warsi as its brand ambassador to take its status to a next level of marketing. With his fame of circuit, there could not be any other fit for the promotion of this prominent brand.
In an interview, the CEO of Domino’s Pizza India Ltd. said, “Arshad Warsi is the perfect fit for Domino’s Pizza. And, we are pretty sure that he with his iconic versatile personality and skills could take our brand to a high rise of success.”
Domino’s Pizza has focused on the audience of youth and urban families, so they needed someone who belongs to the same status and age group. A person who could bring out the real humour in the advertisements and joy to the consumers. That’s why, from all aspects, Arshad Warsi fits perfectly as the brand ambassador of Domino’s Pizza.
One of the very prominent and leading digital insurance companies, ACKO Insurance has signed the Bollywood actor, Arshad Warsi as its brand ambassador. He is the face of its latest marketing campaign. Arshad Warsi along with the cricketers of Mumbai Indians IPL team is also featured in this campaign.
This campaign is focused on bringing awareness to the minds of people on the better ways of buying insurance from ACKO Insurance. This insurance company offers various low insurance premiums without any further side commission.
ACKO Insurance is pretty famous in India as it has sold over 800 million policies and safeguards more than 60 million consumers. Its new campaign featuring Arshad Warsi aims to propagate its policies and gather more consumers with a convenient, hassle-free and good experience along with the low premium offers.
Together with Arshad Warsi and Cricketers of Mumbai Indians IPL Team, ACKO Insurance is aimed to rise and get more beneficial results and outlines for its brand. This campaign is promoting more people to try out this company’s policies.
Pepsi
Pepsi’s TVC is an extremely popular brand in India with its incredible campaigns and services. The brand first featured Arshad Warsi and Amitabh Bachchan in its advertisement. They played out the rural setting which has always been the main focus of this brand.
Both the actors were featured in a short film ad by Pepsi where they acted as a Yuppie sport look by Warsi and an old man by Amitabh Bachchan. It started as some crates of Pepsi were placed on a boat and Arshad Warsi is giving instructions to the boatman to begin paddling.
As they reached halfway, the boatman asked Warsi for some Pepsi to relieve his thirst. But Warsi denied it. Then the old man thought something clever to make Warsi realise.
The trip began again and Warsi was grooming himself but soon he got the shock when the water came upon the base of the boat. This ad was quite famous for the splendid performance of both the actors and the message behind the ad.
Throughout his career, he has endorsed many brands such as Pepsi, Dominos India and ACKO Insurance. Because of his marvellous sense of humour and extraordinary personality, he is the perfect choice for these brands. Arshad Warsi has been tremendous with his performances in various ads.
He has promoted many brands with great enthusiasm. And with his extraordinary joyful personality, he is chosen as the brand ambassador of some very prominent brands.
FAQ
What is the Net worth of Arshad Warsi?
The Net worth of Arshad Warsi is around $40 million.
What is the current age of Arshad Warsi?
Arshad Warsi is 53 years old and was born on Apr 19, 1968.
Who is Arshad Warsi’s Wife?
Maria Goretti is Arshad Warsi’s wife, she is an Indian MTV VJ and has hosted several TV shows.
The trend of the luxurious yacht has been running for a long time. The billionaires often celebrate their glory of money with the finest yacht of all time. Today, there are tons of yachts with the most incredible, unique and luxurious design and outlines.
Every yacht has its distinctive styling in the ocean of amenity. And these luxurious yachts are owned by tons of billionaires and millionaires. These could get you to escape from the chaos of the world and take you in the ocean on a cruise with luxury in hand.
This all began in 1945 with the tremendous Greek shipping tycoon, Aristotle Onassis. He transformed a Canadian anti-submarine frigate, HMCS Stormont, into an indulgence yacht and named it- the Christina O, after his daughter. And today, almost every billionaire is engaged in the era of building & buying the fastest, biggest, most luxurious and impressive yachts.
The yachts are evolving with tremendous characteristics like bulletproof windows, marina power connectors, solid gold panelling, a miniature landmark from different countries, helicopters power connection and many more. In this article, we have listed some of the luxurious yachts owned by billionaires.
The world’s most luxurious and expensive yacht, History Supreme is known as the largest and superyacht of all times. It is owned by Robert Kuok and is worth $4.8 billion. History Supreme took three years to build with a length of 100 feet. 10,000 kilograms of gold and platinum was used in this yacht.
History Supreme has an amazing statue which is made of Tyrannosaurus Rex bones together with a meteorite rock wall and a Aquavista Panoramic wall aquarium which is made up of 68 kg & 24 carats of gold.
Eclipse
Owned by: Roman Abramovich Price: $1.5 billion
Eclipse owned by Roman Abramovich
Eclipse is known as the second most luxurious and largest yacht across the world. Eclipse is built by Voss and Blohm and well designed by Terence Disdale. It cost around $1.5 billion and is owned by Roman Abramovich. The construction of this yacht is of around 533 foot.
Eclipse has several features like two helipads, a system for intruder detection missile, armor plating, Submarine, hot tubs, 24 guest cabins, bulletproof windows, dance hall and many more.
Azzam
Owned by: A Member of Dubai’s royal family Price: $600 million
Azzam owned by Dubai’s Royal Family
Azzam, a very luxurious yacht that is owned by one of the members of Dubai’s Royal Family. It cost around $600 million with incredible features. Azzam is known as the fastest luxurious yacht that has a height of 590 feet and a great french design. Azzam’s interiors are designed by Christophe Leonie. Azzam is well designed with a touch of french.
Nord is known as Gigayacht (the world’s largest yacht), which is around 450 feet long and the newest yacht. It is currently under trial training in the Baltic Sea. Nord is beautifully designed by Nuvolari Lenard, he is responsible for both exterior and interior of the yacht.
Nord includes many great features like Spa and sauna, beach club, swimming pool, fitness centre, two helipads, elevator and Jacuzzi.
Radiant
Owned by: Abdulla Al Futtaim Price: $320 Million
Radiant is owned by Abdullah Al Futtaim
Radiant is the perfect yacht to make you feel at home, even by being away from home. It’s absolutely luxurious and holds everything that a penthouse is expected to have. Radiant has numerous features such as a beach club, helipads, swimming pools, full-featured gym, movie theatre, massage room, helicopter and a jacuzzi on its deck.
Radiant is owned by the top billionaire of Dubai, Abdullah Al Futtaim and is price at $320 million. Radiant is absolutely tremendous with great features.
Ocean Victory
Owned by: Viktor Rashnikov Price: $300 million
Ocean Victory owned by Viktor Rashnikov
Ocean Victory is a prominent yacht built by Fincantieri in 2014. It’s interior is well designed by Alberto Pinto and Laura Sessa Romboli. Ocean Victory is owned by one of the top Russian billionaire, Viktor Rashnikov.
Ocean Victory holds many great notable luxuries such as a beach club, 6 swimming pools, and an underwater room for observation. It holds the capacity of 50 crew together with 26 guests.
The superyacht- Dilbar was built by LĂźrssen Yachts in 2008. It is counted among the world’s largest boats with a height of 360.89 feet. Dilbar is owned by a Russian Oligarch Alisher Usmanov with a price of $256 million.
Dilbar has many luxuries such as a helipad, swimming pools, and many more. It holds the capacity of 20 guests and 48 crew members.
Seven Seas
Owned by: Steven Spielberg Price: $200 million
Seven Seas owned by Steven Spielberg
Seven Seas, the well designed customer-built beautiful yacht by Oceanco in 2010 at Alblasserdam, Netherlands. The yacht is around 282.15 feet in height and a tonnage of 2750 tonnes. It holds the capacity of 14 guests and 23 crew members.
Seven Seas has a top speed accelerating of 15 knots. Its exterior and interiors are beautifully designed by Nuvolari and Lenard and is owned by the well known American film director – Steven Spielberg .
Amevi
Owned by: Lakshmi Mittal Price: $125 million
Amevi owned by Lakshmi Mittal
Amevi, the yacht with the features of 80 meters of length, On-deck Jacuzzi, Tender Garage, Helipad, Swimming Pool, 8 different Guest cabins and a top speed of 18.5 knots. It is owned by the famous Indian steel tycoon, Lakshmi Mittal who is the CEO and chairman of ArcelorMittal.
Amevi is built by the Oceanco Shipyard. The yacht was launched in the year 2007 and cost around $124 million in the construction process.
Lady Beatrice
Owned by: David Barclay and Frederick Barclay Price: $30 million
Lady Beatrice owned by Barclay Brothers
The very famous Lady Beatrice was built by Royal Van Lent together with Feadship in 1993. The yacht has tons of great features like Monaco home port, named after Beatrice Cecelia Taylor (mother of the owner), length of 60 metres, 8 guest cabins and a top speed of 18 Knots.
Lady Beatrice is owned by the Barclay Brothers- Sir David Barclay and his late brother Sir Frederick Barclay. They bought the yacht at the price of $30 million.
Conclusion
Among the billionaires, expensive and luxurious yachts have been in trends for a very long time. Billionaires are eager to buy a yacht with great notable amenities and features. And to this day, tons of billionaires own some of the top yachts built by great dedication and function.
Billionaires tend to buy the yacht with the great features of the greatest, largest and fastest yacht in the world. And they are ready to spend a handsome amount of money on it.
FAQ
Who owns the most expensive yacht in the world
The Worlds most expensive yacht History Supreme which is worth $4.8 billion is owned by Robert Kuok.
Does Bill Gates have a yacht?
Bill Gates does not own a yacht but he prefers to rent super yachts rather than buy his own.
Does Jeff Bezos own a yacht?
Yes, Jeff Bezos owns a yacht which is estimated to be more than $500 million. The details of the vessel have largely been kept under wrap.
Tax filing is a tedious tax for most of the people with its multiple tabs and tax consequences. A tiny mistake or late filing can have a negative impact on your pockets as well. To make Income Tax filing easier, there are a lot of online software available. It not only makes the process of filing easier but also keeps track of your records and may even point out any mismatches in the data entered.
With these software, the process of ITR filing has become a way easier task. Tax filing software and Tax Preparation companies takes care of all the compliance issues that can arise and can be even used for live tax calculation which significantly reduces the time required for filing Income Tax. This article introduces a few online software and websites that will help you to file your ITR hassle-free.
Through its special features and appreciable security, H&R Block is a very popular choice among Indian tax payers. It provide consultations for your returns if necessary. If your entries are really complicated, you can make use of this service. Above all that, this software ensures that the data entered are extremely secure. H&R Block also helps in filing the returns in a short span of time. If you are looking for hassle free tax filing and post taxation support, this is your way to go.
myITreturn is a government authorized e-return intermediary that is registered with the Income-tax department of India. This subsidiary of Skorydov Systems Private Limited was launched in 2006. One of the distinguishing features is its inclusivity. It helps people to file Income Tax Returns in 9 different languages (English, Hindi, Gujarati, Marathi, Tamil, Telugu, Kannada, Malayalam, Bengali and Punjabi).
This product of Vittena has gained its popularity amongst its target audience in a very short span of time. It is because VitteTax is Indiaâs first interactive tax planning tool. It helps you to plan your taxes depending on your expenses or incomes. It is customized. This app serves the best for pensioners, self-employed people, NRIs, people seeking foreign employment, Salaried people etc.
This most trusted and largest tax filing website offers online preparation and filing of ITRs of individuals. However, there is no free service available from them. Their charges start from Rs.499. However, SBI customers have an advantage as they can get a 50% off on the charges. Like any other paid websites, they have different plans depending on the requirements of the individual like Plus, Assisted and Optimizer. And there are three categories of filing like Salary e-file, Investor e-file and Business e-file. If you are looking for a reliability guaranteed source, this is the best option due to its reputation and popularity.
ClearTax
ClearTax – Manage and File taxes online
If your requirements are more than just managing and filing your taxes, then ClearTax is a good option. And if your additional requirement is to manage your business compliances, then you need not think twice before using this software. Their service helps you save taxes using various investment strategies. The color on ClearTax further increases with the fact that they offer solutions for GST as well. Their services are so efficient that they automatically adjust the taxes paid in advance and also select the relevant ITR forms.
EzTax
Eztax – Online Income tax filing
This online tool makes income tax filing easy by helping people plan, prepare and save taxes. It is extended to both individuals and businesses. If you upload the photo of your form-16, it automatically reads from it. They have a tax optimizer that further improves your potential investment returns. Along with that, you are saved on your income tax by Eztaxâs optimization of capital gains, salaries, property etc.
Taxsmile.com
Taxsmile – File ITR returns online
Taxsmile is yet another online platform where you can file your Income Tax returns. They have various options available depending on your requirements. The process of tax filing is free if you can do it by yourself. On the other hand, if you need the assistance of the software, pay Rs.500, upload your form 16 and Taxsmile will do the rest of the job. It is not only for people settled in India, but also for NRIs and corporates.
It is the ultimate destination for all your tax filing related concerns- fully automated. It also provides accounting solutions for individuals and businesses. It has connected itself with GST, TDS, ITR filing systems so as to simplify the process and enable the person to manage everything from one place. Additionally, they also facilitate importing of all important data from excel to tally. TaxRaahi is fully equipped with its inbuilt HSN (Harmonized System of Nomenclature) codefinder, user-friendly interface and tools that can compute TDS.
All India ITR
All India ITR – Income tax Filing Software
All India ITR is an e-intermediary that is certified by the Indian government. It is an app which is available on both Android and iOS. All India ITR offers 100% paperless and smooth processes. All you have to do is to upload the images or PDFs of form-16 and the app will auto read the document. Along with that, it fills the forms automatically and makes income tax filing hassle free.
ITR Filing Online Software – Conclusion
It has to be accepted that the software that is mentioned above has significantly reduced the struggle of filing Income Tax. The technological advancement and innovations have created a sense of security and reliability surrounding these online tax filing and preparation services. However, to be on the safer side, it is important to understand the nature and reviews of the software you are using. It is widely advised to use paid services rather than free services due to security concerns. Other factors you should consider before finalizing a software are –
Ease of usage
Extent of payment integration
Quality of customer support
License cost
Security features and Reviews.
These software has done their part in making tax filing easier. Now it’s our turn to show our responsibility by filing income tax correctly and on time.
The advertisement and marketing campaigns are very important for the promotion of the largest companies in the world. Although, why to waste money on the advertisements if you are already earning millions. Well, this article will narrate about the largest companies in the world who are selling products which are not known by 90% of the population. However, they are playing a vital part in our lives and most importantly they have generated a truckload of revenue.
Moreover, these world largest companies in the world are not spending on advertisement but still, they are high in demand. You must be bewildering how this is possible. Dear readers without taking much of your time we would briefly discuss the top 10 companies in the world.
Founder : Henk ViĂŤtor, Jacques Detiger Founded in : 1966
Vitol’s Logo
Vitol is the company which makes more money than Samsung, Apple or any other company. It is, in fact, the ninth largest company in the world. Vitol is headquartered in Geneva, Switzerland. There do not have more than 5000 employee and still manage to beat numerous big sharks of the business.
They have large storage space around the world where they hoard oil, petroleum and by doing so they manipulate the market. This under the cover company makes more revenues than Apple, Toyota, Microsoft, JP Morgan and other big brands. Annual Revenue of Vitol is $270 billion.
2. Yoshida Manufacturing Shareholding Company
Founder : Tadao Yoshida Founded in : 1934
Yoshida Manufacturing Shareholding Company’s Logo
The Japan-based zip/zipper manufacturing company is not known by many people. But still, this company controls the half of the zipper market of the world. With a base in 71 countries and having enormous control of the market this company is the worldâs largest company who is into zipper manufacturing business. YKK Group also manufactures of other fastening products, architectural products, plastic hardware and industrial machinery.
3. BAE Systems Plc
Founder : Sir Roger Carr Founded in : 1999
BAE Systems Logo
BAE Systems Plc is multinational defence, security, and aerospace company. BAE Systems Plc isworldâs third largest defense contractor, churning nearly 18 billion dollars($) worth of revenue in 2015.
Its headquarter is in London and operates in major markets like US, UK, India, Australia. Their catalog of products is full of All-Star military crafts â Aircraft Carrier â HMS Queen Elizabeth (formal commission 2017) and Hawk series which is an engine, jet-powered advanced trainer aircraft. BAE Systems Plc plays important roles in military aircraft production for many countries in the world.
4. Givaudan
Founders : Leon and Xavier Givaudan Founded in : 1895
Givaudan’s Logo
This Swiss company is making money by manufacturing the flavors and fragrances. It is the world’s largest company in the flavor and fragrance industries. The company makes the artificial flavors and fragrances that go into the perfumes, food, and beverages. The half of the food items have flavors extracted by this company, so thank them for satisfying your taste buds.
Givaudan uses a technology called ScentTrek which captures the chemical makeup of smell from living plants. The company is making an annual income of around $ 90 million by providing the flavors and fragrances to soothe our taste and fragrance needs.
American Tower is an American company. It is owner and operator of wireless and broadcast communications infrastructure in several countries. This is the biggest telecommunication infrastructure company in the world. American Tower established the tower with a simple pole and rent to the different telecommunication companies. Starting in 1995 with 2,700 towers, its global portfolio today includes over 170,000 owned or managed sites around the globe.
American Tower is headquartered in Boston, Massachusetts and operates throughout the America, Europe, Africa and Asia. They earn a bundle of income of $1900 million every year by installing telecommunication enabled poles.
6. Praxair, Inc
Founder : Carl Paul Gottfried Linde Founded in : 1907
Praxair’s Logo
Praxair Inc is an American company, providing industrial gases to organizations worldwide. Praxair produces and sells atmospheric gases, process gases and specialty gases, along with high-performance surface coatings. They spin the air and separate all the elements of the air. Additionally, they separate oxygen, nitrogen and carbon dioxide from each other and sell them separately to earn the big chunk of money.
Company’s market capitalization is approximately $40 billion and their sale valued $11 billion in 2017. The company employs over 26,000 people globally.
7. SGS
Founder : Henri Goldstuck Founded in : 1878
SGS’s Logo
SGS S.A. is a global verification, testing, inspection, and certification company. SGS S.A. is headquartered in Geneva, Switzerland. The core services offered by SGS include: 1. The inspection and verification of the quantity 2. Weight and quality of traded goods 3. The testing of product quality and performance against various health, safety and regulatory standards 4. It makes sure that products, systems or services meet the requirements of standards set by governments, standardization bodies or by SGS customers. SGS S.A. is earning around $1000 million every year.
8. Verisign
Founder : James Bidzos Founded in : 1995
Verisign’s Logo
Verisign, Inc. is an American company and a global provider of domain name registry services. It provides root zone maintainer services, operating two of the 13 global internet root servers. Along with that, Verisign also deals inregistration services and authoritative resolution for the top-level domains like .com and .net, which support the majority of global ecommerce websites. It also provides the .cc and .tv country-code top-level domains, and the back-end systems for the .jobs, .gov, and .edu top-level domains.
Verisign also offers a range of security services and cyber-threat reporting. This company is ruling with its monopoly over the market and making roughly around the $700 million by selling .com domains worldwide.
9. Ingram Micro
Founders : Geza Czige and Lorraine Mecca Founded in : 1979
Ingram Micro’s Logo
Ingram Micro is very most valuable company in the world that delivers a full spectrum of global technology and supply chain services to businesses around the world. Ingram expertise in technology solutions, mobility, cloud, and supply chain solutions which enables its clients to operate efficiently and successfully in the markets. It is the worldâs largest wholesale technology distributor, including desktops, notebook PCs, storage devices, printers, and software having a net worth of $30 billion.
Although, it represents nearly 1300 vendors including IBM, Microsoft, and Intel and is ranked 62nd in the Forbes 500 list. As the company acts as a middleman between manufacturer and distributor, it has really no incentive to be known to the general public.
Baxter International is a American healthcare company founded in 1931. The company focuses on medical products to treat disease like hemophilia, kidney disease and other chronic and acute medical conditions. Baxter produces recombinant andblood plasma proteins to treat these diseases.
CSL Behring-
CSL Behring is a biopharmaceutical company. CSL Behring is founded in 2007. CSL Behring manufactures plasma-derived and recombinant therapeutic products. These products can be used for the treatment of bleeding disorders such as hemophilia and von Willebrand Disease; primary immune deficiencies (PIDD); hereditary angioedema; inherited respiratory disease; and neurological disorders in certain markets. These products can also be used in cardiac surgery, organ transplantation, burn treatment and to prevent hemolytic diseases in the newborn.
Grifols-
Grifols is a Spanish multinational pharmaceutical and chemical manufacturer. Grifols produces of blood plasma-based products, devices, instruments, and reagents for clinical testing laboratories.
These companies (Global Intensive Care Product Market) Â take the blood from the people and then after separating each element of the blood, they sell it for different purposes and generate their revenue. All the companies are a close competition of each other and they each make an annual income of between $1000-$1600 million.
Amazing right, well they are just the fragments of the big sharks that are available in the market and without becoming too famous they are making money. So, they really know their way around for being the largest companies in the world who are earning trillions.
The sale of a product is impossible without the right kind of marketing. While ads and posters have gone a long way in catching consumers’ eyes, things get a little difficult when it comes  to converting a client to customer over a phone call.
The fear of being cheated has reduced the  possibility of this chance significantly. However, it is not a dead end. It only means that the ways  you put forth the product have to be changed. Here are a few effective to covert your client to customer during a phone call.
Before calling your client, do some basic background search about the client as well as your product. It can be as vague as their hometown or organisation. Make sure to use it during your call.
Have a plan on the things you must prioritise. Give importance to striking pieces of information that set your  product apart from others. Only later go to the explanations of the features. The plan should be  inclusive of your tone, attitude and even your choice of words. Make sure you have all the pre requisites well in advance.
Positive contrast of the product
The first and the most important thing you need to do is create a positive aura around the product. It should be done before you start to convince the client. They should feel that the thing you are trying to sell is inherently good and is not made to âappearâ good for the sake of the sale. This is a great way to start.
Make your point in 60 second or less
The first thing you need to understand is that the reputation of such calls is very less. Only a crisp and intelligent addressing of the issue can catch their attention and time.
Ask if they have  some time to spare. And then make your point in less than a minute. In that 60 seconds, you should be able to brief the client about everything from the productâs nuances to customer services. This will simplify the process for them, at least mentally, and they will be more open to further  explanations.
The beginning of the sales call determines your success in making the client convert to your customer. Begin with a bang! Make your product sound like the most relevant thing that the client requires.
You can cite its current relevance along with the future benefits, which will be more attractive. The key is not to give fake promises to the client but to convey the highlights of your product in an extravagant manner.
Successful cold calls duration
Personalisation of information
Make sure to portray the product as if it is tailor-made for them. People love to be taken care of and validated. Validating their identity is a good gesture in their regard. Maybe you can say something like, âConsidering you are a person interested in so and so, I really do think this product will add value to it!â Or something on the same line.
The Right choice of words – Psychological Approach
The choice of words can make a significant impact on the client. Make your speech in such a way that it creates a vibe of encouragement. Buying your product should not feel like a financial  liability to the person. For example, using the word âbuyâ will make them feel dejected. Instead try  using the word âpurchaseâ or âinvestâ, it will create a different psychological effect which will aid  in the sale of your product.
An important aspect of any customer-company relationship is the bond that is created. Try to follow up on the issues shared by the customer. Repeating their words in your speech will definitely  make an impact.
Try to keep the conversation alive by validating their words and sharing your inputs regarding the same. Here, you have to ensure that the conversation does not get diverted to some other topic while you try to follow up.
Flexibility
Never forget the saying that Customer is King. Definitely, they are. So donât try to impose anything on your client, or you will lose a prospective customer. You might have made a mental  target from a client when you call them.
Even if they fall short of it, never force them to meet your targets. For example, you might have wanted the client to purchase 15 shares but they are only willing to buy 10. In such a case, donât push them to make it to 15. After all, something is better  than nothing.
As far as a firm is concerned, the customer is an asset for life. It is important to take care of  their future needs as well. This aspect needs to be addressed even before they agree to buy the  product itself.
If you are able to convince the client that you will be there with them for any further assistance or that there is a customer care wing for addressing their queries, it will increase the  chances of them buying the product. No customer wants to be clueless.
Respect their Rejections
As mentioned earlier, a customer is one whom you have to keep close to forever. So, a rejection at one stage does not mean a complete closedown of any further contacts.
Minute things like your way of presentation, the way you respect the client will all increase your chances in the  future. So, when they say no, respect it and donât push them too much.
The chances are that, next time when you call regarding a better product, they would already have a good image about  you and your company. Thus, they will feel like trusting your words.
FAQ
How do you approach a new client on the phone?
The most important thing when approaching a new client is, Have all of their information in front of you and Be able to make a commitment.
How do you start a conversation with a client on a call?
Ask a question that is not related to the sale or Praise something they did, these are some of the great ways to start a conversation with a client on a call.
What is telephone etiquette?
Phone etiquette is how you represent yourself and your business to customers via telephone communication. This includes the way you greet a customer, tone of voice, word choice, listening skills and how you close a call.
Conclusion
The end idea is to get your client to be a customer. It is not a one day affair. So, plan ahead, Â give them their space and hype your product in the most extravagant manner possible.