A product business has different layers of operations compared to a services business. It is much easier to produce a product and convince your customer. Also, there are fewer chances of physical damage in the service business. However, in both the business, there are few basic points you need to incorporate if you want to get ideas about service bases business ideas in India.
Every service has its own personality to be presented to your customer. Your staffs should be well acquainted with the proper skills that your service need. To start a service business, you just need to be familiar and expertise in the field you are choosing. You can also choose multiple business niches at a time. You can produce as much service as you can.
So, if you are wondering you would choose this option, then you can start off choosing what services you would keep. For your convenience, we will cover the most profitable and most easier ones. So here you go with service bases business ideas in India.
Health And Fitness Services
The growth of the health and fitness sector has an abrupt rise in this decade. Everyone has become concerned with their psychic and want to have a body that doe not need to struggle while putting on their favorite dresses. In a way, it has contributed to the economy but also the fitness enthusiast.
So, it is perfect for people who have ideas about fitness and weight lifting, he or she can choose this idea. There will be a considerate investment if you want to open your own gymnasium. The weights, machines and the interior development might burn a hole into your pocket. So, it is preferable to accumulate capital before you go for this or can start off as a personal trainer.
Consultancy Service
A large list can run down under this niche. In a consultancy service comes you only need to sell your knowledge and words. You have to have the solution for your clients who would approach you.
Below are the few types that you can choose from.
Consultation Service- Service Bases Business in India
Strategy consulting
Marketing consulting
Operations consulting
Financial consulting
HR consulting
Technology / IT consulting
Legal consultant
Social media consultant
Sales consultant
Wellness/Fitness consultant
PR consultancy
Event Management
Event Management has consistently remained one of the most profitable service bases business ideas in India. Be it a wedding service or a product launch; most people are likely to celebrate the event. You the demand of the event managers have considerably increased. The types of events you can cover are the following.
The ad agency service is one of the rising service bases business in India. The service includes engaging advertisements for various companies and makes them creative and unique. It is crucial that you have a firm base because there will be a lot of competitors around. Here are the branches that you can choose from.
Branding
Direct Marketing
Digital Marketing
Social Media
Public Relations
Driving School Service
You need to have a car and have driving skills. Though driving school service might need a few equipment, but it is a profitable service base business idea in India. You need to concentrate on the legal documents and insurance is another pivotal part. Also you need to bear the cleaning and the fuel expense.
Driving Business School Service
Home Services
The vast area of service bases business ideas in India includes the home based services. There are so many things that you can start with. Here are the list that you can choose from.
One of the exciting and creative branch to work with. Travel services include planning a trip and making it successful for your clients. In a way you will also get to travel if you become the travel guide. Be it national or international, trips are always amazing.
Starting a service business
Wellness Service
Beauty and wellness service is just the extension of the health and fitness industry. This service includes the grooming and personal development. The services that are included are the following.
One of the growing service bases business ideas in India and abroad, photography is a popular and is in high demand. A lot of events around to cover. Even without events, people will pay just to look good in their Facebook profile picture and decorate their Instagram feed. You might need a crew if you want to cover a bigger event.
There is a lot to invest here. A photographer is ready to invest every penny he or she owns to find out a perfect lens. Well, it does not end here. Photographers spend most of their lives finding out the one angle that will make their subject look fabulous or out of the box.
Pet Care Service
Pet care service might need few legal permissions to start with, but isn’t is a blessing to be surrounded by pet animals all the day? If you are pet lover and can assure your clients the safety of their pets, then you can give it a shot.
A unique service bases business in India which includes the following.
Pet Care Center- best profitable service business India
Forster homes
Animal Rescuers
Pet Creche
Veterinary services
Here we end with ten most cool and profitable service base business ideas in India. Apart from the basic needs try to focus more on the service you will be providing to your customers. Also Do not forget to promote your business while sending out services.
In a world where change is constant education sector has remained stagnant for a number of years. However, the pandemic lock down has modded the basic outlook of a traditional classroom into real-time online sessions. This is a new way of education where schools and colleges are operating from home. As amazing as this may seem, it’s not the end of taking it to the next level. Virtual reality has already stepped into the education sector as is believed to flourish in a span of several years.
Virtual reality apps for education are enabling students to connect and learn with their classmates without being isolated from the original world. Along with this as students are already well versed with virtual reality PlayStation, major companies are emerging with the plans to rapidly develop more virtual spaces.ââ
Microsoftâs AltspaceVR is one such example in the education sector as it permits students to be in an interactive session with their batch mates that too in quirky avatars. Not only this, but students are also allowed to participate in events and activities.ââThis trend will surely have a positive impact on student lives thud increasing the virtual reality market in the education sector.Students have been dealing with the conventional classrooms with a lack of engagement. With the boost in virtual reality in education, daily learners will be exposed to a much advanced three-dimensional virtual learning environment. ââ
Virtual Reality Market in the Education Sector
The education market is forecast to grow from $ 9.3 billion to $ 19.6 billion in the span of 5 years. i e 2018-2023 with CAGR of 16.2 % as the Compound annual growth rate during the forecast period. The market for Augmented reality(AR) and Virtual Reality (V R)is driven by many factors like corporate training, education, simulation, etc. the overwhelming participation and engagement in augmented and virtual reality has sparked innovation and interest globally and it is deemed to establish an exclusive market worldwide.ââ
Considering the education sector for Virtual reality, it has the full fulcrum potential to grow by $ 6.34 billion thus accelerating the marketâs growth thrust in the education sector in the forecast period of 2020-2024.
Uses of Virtual Reality in various sectors
Virtual Reality Market Vendors in Education Sector
While being at a steady pace, markets do hold their positions in the slow-growing segments in the V R industry however vendors should pay heed to the fast-growing segments to make the most of the situation. Barring the growth opportunities, Virtual reality will surely challenge the immense growth of every market participant. HTC Corp., Lenovo Group Ltd., Microsoft Corp., Sony Corp., and Virtalis Holdings Ltd are some of the participants/ vendors in this concentrated market.
Even though the COVID-19 lock down continues to drastically affect the status quo of multiple industries, the instant impact of the pandemic is considered to vary. A few organizations are yet to register a drop in the shares while a few companies will remain unhindered and will show groundbreaking growth opportunities.
The global virtual reality in the educational market had a fair estimate of 939.51 million in 2019 and is expected to reach 23492.31 million at a CAGR of 43% over the forecast duration. The top market vendors are making sure that the leading edge of virtual reality is coming closer to the students and learners, globally. The leading companies in the V R educational sector market helping to embed learning resource are:
Virtual Reality in education sectors (key markets)
The largest virtual reality market was held by North America in the education sector in 2019 and the region offered a massive growth value to the vendors during the forecast period. The emergence of considerably low cost and affordable V R gear and the escalated emphasis of Virtual realityâs applicability in the V R market observed significant growth, especially by North America. Even though 34% of the market growth originated from North America, the US is quite evaluative of the slow market growth in various other regions.
North America is anticipated to have a pleasantly addressable market value of $258.6 billion for AR and V R during 2019-2026. Being the largest market for Augmented reality and virtual reality North America will represent a remarkable CAGR of 32.3% in 2019-2026.
Growth of Virtual Reality market in North America
Virtual reality affordability
The exponential growth in virtual reality devices usage is credited to the technical advancements of several major businesses. Even though the adoption of V R devices was rendered tough due to their expensive setups, the growing affordability of applications and setups is bringing Virtual reality closer to the educational sector.
V R Cardboard by Google or Gear V R by Samsung has helped considerably to reduce the prices. Along with this H.T.C, Sony, and Mega companies like Oculus have minimized the price ranges of their V R devices thus accelerating the emergence of Virtual reality in the educational sector
Insights on Virtual Reality Leading Companies
Google Cardboard
Google developed a virtual reality platform called âGoogle Cardboardâ. The platform is proved to be quite cost-effective as it simply includes inserting oneâs smartphone inside a cardboard viewer. Making it extremely accessible for students worldwide and to increase interest in V R among the new generation. In January 2016, Google announced that it had shipped over a thousand compatible apps, over 5 million cardboard viewers in just the first 19 months.
Google claimed, 350,000 hours of watch time of YouTubevideos in V R, and over 5 Lakh students indulged themselves in V R field drops through the expedition program.it hit the 15 million viewer units mark worldwide by November 2019.
Microsoft HoloLens
Bill Gateâs ‘Microsoft HoloLens‘ is a pair of mixed reality smart glasses who’s initial prototype name was âProject Barabooâ. Being the first head-mounted mixed reality platform, it gained quite the popularity and PR
Many considered Microsoftâs Holo Lens limitations to be a consumer product. Its $3500 pricing and designing features are believed to be bent towards simulation, engineering, training, etc, and also considered companies to invest millions of dollars to justify Hololens’s pricing when compared with the $400 Oculus Quest headset.
India is one of the largest growing markets for the automobile industry in the world and Mahindra and Mahindra is one of a kind automobile company that has evolved and changed the markets too. Mahindra advertises and puts out content that is entertaining to the targeted people anywhere in the globe and by doing so, Mahindra has attracted a global audience for many years.
Mahindra and Mahindra has taken several steps in order to promote their products which are vehicles across the globe. The company decided to use the visual media, social media, physical media and the print media so that the people become aware of its potential products.
About Mahindra and Mahindra
Mahindra and Mahindra (M&M) is one of the largest private companies in India dominating the automobile industry for decades. M&M is known as a farm equipment unit and is also the 3rd largest producer of tractors in the world and it has two major operating divisions produces more than 100,000 tractors a year.
Mahindra and Mahindra sold around more than 85,000 in the year 2005, achieving a growth rate of 30 % in the previous year. Almost 6 million farmers in India depend upon this magnificent organization.
The companyâs tractor exports to the regions like the US, Africa, and several other countries in South East Asia face close competition. The company set up its manufacturing facilities at multiple locations increases the complexity of the supply operations. Therefore, the company needed an integrated solution that is able to link all the plants to optimize costs and operational eďŹciency and respond swiftly to customer requirements.
History of Mahindra and Mahindra
The history of this giant company illustrates the role of leadership in transforming an ageing family business into a formidable modern business player which is indeed suitable for courses on managing the family business and all sorts of strategy.
Mahindra and Mahindra, a core conglomerate Mahindra Group, was founded by Mahindra brothers Harikrishnan, Jayakrishnan and Jagdish Chandra Mahindra along with Malik Ghulam Muhammad in 1945 as Mahindra and Mohamed, a steel trading company. Anand Mahindra whos is present Chairman of Mahindra Group, is the grandson of Jagdish Chandra Mahindra.
Mahindra & Mohamed changed its name to the current Mahindra & Mahindra in the year 1947 after India-Pakistan partition and entered the automotive manufacturing business when they started the licensed production of Jeep.
Currently, M&M operates six plants in India. Its Nasik plant, which started its operations in 1980 produces five different types of vehicles, which includes main models of Scorpio and Xylo, with an annual production of 200,000 vehicles.
M&M started its E-Business initiatives in 1995 itself. This Business started with the launch of a dedicated network across 8 manufacturing locations, 33 area offices and 4 branch offices. In the year 1996, the company launched its website mahindraworld.com in the month of June, which was one of the first corporate websites.
Anand G. Mahindra is the managing director of Mahindra and Mahindra group and is given credits for turning around his inherited family business into a highly professionalized multinational firm operating in diverse business segments.
He transformed M&M from a farm equipment manufacturer into a Utility Vehicle manufacturer. By the year 2008, M&M was the leader in the Utility Vehicle segment of India. The strategies resulted in the creation of Scorpio which is M&Mâs Sports Utility Vehicle (SUV). It has been the companyâs claim to fame in the national and international arena. Mahindra is now venturing into all sorts of segments in the automotive industry.
Products of Mahindra and Mahindra
Mahindra and Mahindra’s Tractor Market
Mahindra and Mahindra is the major player in the tractor world in India. After an amazing growth for a few years, the tractor market in India had stagnated during the years 1998-2001.
Mahindra has been selling its tractor automobiles and utility vehicles in foreign markets including the USA. Some of the components and raw products have been imported from abroad. M&M has a 100 % subsidiary in the USA, with a strong network of 100 dealers.
Part of the expansion strategy to build a global supply chain, Mahindra USA also signed an MoU with the Korean tractor organization called Tong Yang, according to them, Mahindra will source high horsepower and sell them around the world under the Mahindra brand name.
Mahindra and Mahindra’s Growth
Mahindra and Mahindra is Indiaâs leading SUV manufacturer auto sales numbers which stood at around 37,925 units during the year 2015 and 36,328 units during December 2014, showing a growth of 4%.
Net Revenue of Mahindra and Mahindra
A huge amount of Mahindraâs growth has come from business acquisitions. In the span of last few years, the company had bought majority stakes in Korean automaker Ssangyong, IT Company Satyam Computer Services, electric car maker Reva, two-wheeler maker Kinetic, Punjab Tractors and Australiaâs Gippsland Aeronautics.
M&M has also built globally competitive products in the automotive industry. The company exports its tractors to various countries and it is also planning to export the company’s flagship product, Scorpio to the US and Europe.
Company’s Future Plans
Mahindra and Mahindra company’s future plans include entering into a variety of segments in the automotive segment using its Research and Development capabilities.
However, the new and emerging market companies like Mahindra suffer from various challenges like institutional voids, constant changes in consumer behaviour and lack of brand recognition, that test their ability to compete with global giants. However, the low-cost model alone cannot always formulate a winning strategy.
The Bottom Line
Mahindra and Mahindra also makes a partnership with multinational companies securing the future of itself. The company has touched many platforms and established itself a secure place in the Indian as well as global market.
The sudden outbreak of the Covid-19 pandemic has left no industries and sectors unscathed, worldwide. And many parts of the economy have taken a hit because of it.
While the pandemic has created global economic uncertainty, it has also proved to be lucrative for some industries and created new markets and opportunities. In fact, some of them are seeing more business than they ever have. The world has changed, for now, and so has the needs and wants of consumers.
How the Pandemic affected this industry in a good way.
These are the companies that are thriving even in these unprecedented times.
Online Training & Education Services
The coronavirus pandemic has led to the shutting down of schools, colleges, and other educational institutions. This has given rise to online home-based learning, using digital platforms. This has led to the acceleration in the integration of information technology in education, where online education has become an integral component of school education.
The increase in demand for the online training and education sector can lead to aggressive hiring. Even for those without any teaching qualifications, apart from tutoring, there are a plethora of jobs in this sector, like designing, communicating, software engineering, etc.
While people are forced to stay in homes due to the inescapable lockdown, they are now spending more time and money on redecorating and refurnishing their houses. They want to decorate every corner that seemed imperfect to them earlier but couldn’t buy time to take care of it.
Now that people spend every day, all day staring at their home, they are finally purchasing home decor products like potted plants, wall art, accent pillows among others.
Agricultural Technologies
The lockdown in various countries have severely diminished global production capacities and disrupted global supply chains. Food agencies over the world are planning to have the majority of the food produced locally by harnessing technology, increasing the amount of space dedicated to farming, and supporting local agriculture.
To scale up operations and meet the surge in demand for locally-produced crops, job opportunities in this sector are fast-growing. These jobs include horticulture technician, farm engineer (specializing in robotics and automation), an events executive for the marketing side of things, and the like.
Pharmacies
Health has become a priority more than ever. With deaths due to the coronavirus all around the corner, people are threatened and so they are prioritizing health issues above all. Pharmaceutical companies have added a surge of openings in the lockdown.
Pharmacies
Home Fitness Equipment
Lockdown has enabled people to fulfill their long-forgotten or neglected fitness goals. While others want to maintain their form just like before the pandemic. But the closure of all gyms led them to boost the sales of home fitness equipment. As a result, many fitness enthusiasts and newbies are spending not just on yoga mats and small weights, they now want professional-quality home gym equipment, so their workouts donât suffer during this quarantine.
Courier Pick-Up and Delivery Services
The delivery and pick-up industry is the most profitable in the coronavirus pandemic. Not only are people ordering food online, but they are also increasingly ordering essential groceries and other food items. Because of the fear of catching corona, people nowadays do not want to step out of their houses, especially in metropolitan cities. Hence, the delivery service is the need of the hour.
There are so many relevant employment opportunities included in this industry apart from being a delivery driver. From data analysts to UX designers to account management staff, there are plenty of well-paying choices for qualified jobseekers within the industry.
Delivery services of restaurant businesses
Tech Support
With physical call centers and operation centers closing down, companies are left with the need for agents to still take customer and technical support calls. Especially with the increase in remote work, more people than ever need support with setting up and pairing devices or troubleshooting errors.
SkinCare
Self-Care is trending nowadays. In response to the emotional stress of this time, many people are putting in a little extra effort with pampering themselves with skincare products. Many people also want to make sure they still look just as young and vibrant as they did entering this pandemic when they exit it. As a result, the skincare industry is on the rise.
Teleworking Software
Telecommunication has been on a steady incline for the last 5 years. As more states try to practice safety at home and maintain social distancing, companies have transitioned almost fully to remote work. In order to successfully enforce a work remote culture, employees need a broader reach through video conferences, online meetings, chat, and mobile collaboration services. This implies that telecommunication has been on a steep and sudden incline with teleworking software as the foundation for this new workplace model.
The retailers who are surviving this pandemic must adapt, and for many, that means turning to augmented reality (or virtual reality) software. Due to social distancing, everything has drifted online. Furniture companies are now creating apps to allow customers see how a chair might look in their living room. Realtors are offering clients apps that allow for 3D tours of homes. And of course, bored individuals at home are buying VR equipment for entertainment purposes.
Grocery Stores
The shopping markets have quickly transformed from the inevitable errand people used to have on their to-do lists to the only outing allowed throughout the quarantine. This leads to an increase in the business of grocery stores.
Supermarkets are also looking for support from stocking shelves all the way to managing supply chain logistics, handling public relations, and software development engineering.
In times of such great uncertainty, peopleâs routines and purchasing habits go out the window, which opens up the opportunity for businesses who can pivot operations and invest in new technologies to adapt to the changing climate. Now, more than ever, itâs important for companies to understand the environment weâre living in and adapt to it. These are the companies that will not only survive during the pandemic but also move ahead of their competition.
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 DĂźsseldorf, 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.
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 2008â09 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 ââfrom 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.
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 travelerâs 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%.
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.
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.
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.
MediaFire is an online storage and collaborations company which focuses on providing the world an easy to use solution for managing their digital stuff online and on the go. MediaFire is available for iPhone, Android, OSX, Windows and Web and is the only online storage solution that offers unlimited downloads, download resuming, zero wait times and more all for free. MediaFire Business Model is what makes the company stand out.
MediaFire is known for file hosting, file synchronization and cloud storage service based in Shenandoah, Texas, United States. The company was founded in June 2006 by Derek Labian and Tom Langridge, the company provides clients software for Microsoft Windows, MacOS, Linux, Android, iOS, Blackberry 10 and web browsers. MediaFire has 43 million registered users and attracted 1.3 billion unique visitors to its domain in 2012.
There are more than 150 million people that use MediaFire every month in order to quickly and security store, organize and share all their personal and professional data in the cloud. MediaFire announced public access to its platform, API, and Developer Center, in July 2014. Along with documentation on the API, they also have a public forum and have released SDKs for Java, JavaScript, and Objective-C.
The features of MediaFire include up to 50 GB of storage which starts at 10GB and can increase as high as 40GB when various activities like installing mobile or desktop clients, or when sharing on Facebook and Twitter are done. In April 2014, MediaFire responded to reduced pricing from Google Drive by increasing its Professional Storage plan from 100GB to 1 TB and reducing its monthly price to US $2.50 per month.
Business account storage is shared across all sub accounts allowing for single billing and management of multiple users at a single company. Media Fire free account service does not require download activity in order to preserve files, and is often suitable as a backup only solution. Â MediaFire does not support free long term storage for free and inactive accounts.
The different plans mediafire offers
Client
Mobile â The cloud storage service company originally released Android (January 2013) and iOS (July 2012) clients based on the Appcelerator framework and updated them with native versions in 2014. The mobile apps provide importing of photos and video taken on the device and remote access to the contents of your MediaFire account.
Desktop â The MediaFire desktop clients, originally launched in November 2013, are available for macOS and Microsoft Windows providing file and folder synchronization with any MediaFire account. Additional features include file and folder sharing, notifications, screen capture and selective syncing. MediaFire desktop client software is available for the following devices: PCs running Windows XP, Windows Vista, Windows 7 and Windows8 or Mac OS X 10.7.
The public and private file sharing are supported through MediaFire. Private file sharing mainly consists of a user sharing directly to another user or a group of users and is done through importing contacts or email. The account holder is than able to control read or write permissions as per user basis.
Public sharing consists of a user getting a public link, which allows anyone with the link to download the file. MediaFire also supports sharing with one-time links, which are only valid for a single use. It supports both audio and video streaming through its online file viewer. MediaFire supports a variety of different file formats through its web based file viewer, such as
MediaFire offers an incredibly easy to way to share 200MB files for free with other people, the company has attracted employees at 86%of the Fortune 500 for sending files that are too large for e-mail. It offers unlimited downloads and file storage and if you want to upload larger files with long tern storage, you can pay $9 a month for a Pro account or $49 a month for a Business account.
But the company free file sharing solution can also be used easily for sharing copyrighted files, especially music with friends, relatives or anyone on the web. A google search for a song name an artist name and Mediafire for example will likely bring you to a copy of that file that can easily be downloaded from a MediaFire page.
MediaFire offers 2 subscriptions levels, Professional and Business. While all services offer additional features over the free services such as custom branding, detailed analytics, distribution through direct linking and more. The business services additionally offer multi user accounts and customized subdomains.
The subscriber can also cancel a subscription at any time with no obligation by visiting your settings page. After you cancel your subscription, your services will continue until the end of the period for which you have paid. When that period expires, your account will be returned to a non-premium account.
Mediafire handles all your file needs
Billing
When you sign up for a MediaFire service you are billed at the beginning of service delivery. Customers signing up for yearly service are billed for the initial 12 months of service at the time of signup. While MediaFire accepts all major credit cards. It also has money back guarantee from the date of original purchase. Users signing up for monthly and quarterly subscriptions are billed according to the day of the month when they signed up.
Advertising Benefits
Massive reach â Every month MediaFire receives over 345 million visits from around the world, with more than 60 million monthly US visits. Advertisements on Mediafire reach a vast portion of the Internet.
Audience Diversity â In order to reach the diverse audience with numerous interests. Within the US, it has visits have an average $47,000 household income. Out of the total number of visitors 85% of those visitors are age 18 to 54, while 53% of them are male. Other than exhibiting a generally high affinity for technology and media, our audience represents a cross section of the general population with wide ranging interests.
Engaged User Base Showing Steady Growth â Our users are actively engaged, spending an average 8 minutes per visit. That total nearly 2 million hours per day spent on MediaFire. More than 3.5 million Facebook fans have declared their approval and trust in the service we provide and word is still spreading. Our visitors have increased an average 85% year over year for the past 3 years.
MediaFire Terms of service prohibits the distribution of any copyright, trademark or patent, without the necessary licenses, rights, consents and permission to distribute the content. Distributing any content that violates the right of others and sexually explicit material are other examples of the companyâs terms of service violations.
Unlike other competitors like Megaload, MediaFire donât have a business that is built on copyright infringement. It is similar to other cloud based sharing services like Box.net and Dropbox, weâre a legitimate business targeting Professionals. Comparatively megaupload structure gives its users monetary rewards for uploading pirated content, which is not accepted by MediaFire.
MediaFire’s Customer Support team responds to potential violations of MediaFire’s Terms of Service and Privacy Policy. If you are reporting a potential violation, the person can send a support ticket and include a direct link to the Content. For the account holder, a confirmed report of a violation will result in account suspension. If you feel your account was suspended in error, contact our support department with detailed information for further evaluation.
Technological inventions are taking over the world rapidly. Businesses have shifted from the traditional markets to Saas Security Market. This humanly advancement has been made possible and real due to the new technology called as SaaS (Software as a service) which has simplified and drastically changed the business game. Instead of purchasing the entire software suite, SaaS models enable the companies to enroll for subscription based tools which are rented for a monthly or an annual basis.
Basically, SaaS stands for âSoftware as a Serviceâ.In layman terms, it’s a bunch of softwares or tools for you to do your job. These applications are hosted online and made available to the customers. They’re all over , everywhere. SaaS remains one of the most important and widely used concepts in cloud computing alongside IaaS and PaaS – Infrastructure & Product as a Service , respectively. It enables companies to run their business seamlessly by freeing them of the need to install various hard wares and software which cost a ton.
While companies majorly avail its âPay-to-goâ features, it does possess some amount of potential disadvantage however, let’s look into the global SaaS security market and understand its fundamentals.
Upcoming enterprises as well as established organizations are adapting to Software as a service business model to fight the approaching competition.Be it small startups or a multinational company, it’s imperative to be a sassy vendor to be at the top of your game.
While you strive hard to get an insane reach , there do exist people out there in the concrete woods ready to steal your precious data and its absolutely necessary to safeguard your company. Well, before you go ahead with competing with the top giants it is highly recommendable to look into the global and national SaaS security marketto gain insights from the best.
Global SaaS Security Market forecast
COVID-19 Impact on the SaaS Security Market
The COVID-19 lockdown has made regulatory changes in public and private sectors to undertake new practices to get business running even while maintaining social distancing.Thenceforth, the new business continuity plan (BCP) has emerged as the new Netiquette.The omnipresent use of BYOD devices, WFH trends had led to an increase in more and more companies to use cloud solutions and SaaS security measures against cyber attacks.
The global SaaS security markets in the period of 2018-2022 are expected to grow at a CAGR of 22.19%.India is among the fastest-growing digital markets in the world with an exponential growth rate of 34% every year. Indian data market is expected to be $3.4 Billion by 2022 while the Global Market will be in the $129 Billion race.
The global SaaS security industry market is dissected into five major regions. Further On each regional market is sub-segmented into countries and below. However the top major regions are:
North America
Europe
Asia-Pacific (APAC)
Middle East and
Africa (MEA) and South America (SAM)
Top SaaS companies by market share
North America leading with 44% as the largest market share holder in 2016 has adopted cloud services as features like free capital expenditure, automatic software update and data access are available which has escalated the need for data security whereas Asia pacific is speculated to grow at CAGR of 31% which is the highest in the SaaS security market.The collaborative effort of Artificial intelligence (AI) and machine learning has been observed to chance the North American customer services. Companies like Symantec Corporation, Google Inc., Fujitsu Ltd., Amazon.com Inc., IBM Corporation are a few top key players leading in the market.
Predicting the market growth of 20.9% CAGR , the Europe Software as a service (SaaS) market will emerge as a power during the forecast period (2018-2014). As for the Asia-Pacific region , Japan leads with 40% of the SaaS expense. While maintaining functionality and considering âcost efficiencyâ as their primary concern the Asian markets are still expanding their resources.
Top Examples of SaaS Applications
Zoom
With an insane number of downloads for the Zoom app during the 2020 Lock down, it is a famous example as it allows one to conduct high quality video conferences for a large crowd using cloud computing. While Yoga Aunties and Dance masters are going gaga over the app letâs keep the technicalities to the tech sassy people.
Canva
An extremely popular tool Canva is alone in the SaaS game as it allows the users to create mind blowing designs from a pool of designer templates and graphical elements. Canva is quite famous among all creators who need visual content for their work.
Google docs
Pretty sure youâve used Google docs a hundred times, it’s a SaaS as well, as it enables anyone to edit or view your document by simple logging into it. It’s one of the simplest forms of cloud based computing since you can access Excel, Presentations, Meets etc by a working email address. With its Cost effective features , Machine learning data analytics India , is one of the leading countries wherein numerous startups are coming up with customized products and solutions for their clients. As proud as this is growth also makes these initial yet to be giants prone to security attacks and data breaches. Therefore, it’s important to learn and understand the SaaS security market , its necessity, precautions, risks and solutions and be at the top of your game.
Risks associated with SaaS Market
Not having a secure setup can lead to various disadvantages and vulnerabilities. Hereâs a list of things for you to know and understand what could go wrong and create bumps in your startup journey.
Phishing
A method to gather personal credentials using deceptive emails and websites. This increasingly sophisticated form of cyber attack has many companies in its shackles. In Phishing, hackers trick the users by disguising themselves as someone the user trusts. This could be a close friend or a trustworthy companyâs disguise. The logic is to create a bait for people to fall prey to such imposters which attack your details with their fake emails, links, messages etc.
ATO (Account Takeovers)
Account takeovers or commonly known as ATO is a fast growing form of identity theft where data security is compromised. It is the malicious access of an online account by a fraudster posing as a genuine customer and making unauthorized transactions.
Data Breach
In Broad Terms, Data breach means your data falling into the hands of someone who has no business handling it. Data breach can be intentional as well as unintentional. At times, users or employees are not careful enough with their sensitive information making their data vulnerable and prone to falling into the wrong hands. For safe keeping your interests, policies, sensitive data and especially your hard work it is important for you to protect your information as if it’s a dear one. Having passwords for all your information is a necessary thing to do however, it’s not enough. It’s time to step up and take the blockade to the next level . So here are a few mandatory Precautions and Solutions for safeguarding your data from risks and problems.
Precautions & Solutions
Educate your employees
First of all, an angry employee is a major vulnerability for any company. Be nice to your employees and educate them about the strong 8 Characters long passwords. Train them on how they can mistakenly leak the companyâs data and how to avoid doing so.Make them aware about using their personal social media accounts using a personal setup instead of the organizationâs for additional security. Along with this, providing security training for enforcing two-factor authentication and RBCA (Role based access) can be rendered helpful.
Cohesive Security Culture
Following a strict standard and cohesive security culture will save you a big time trouble and this simply includes following simple tasks like âGetting rid of paperâ. Any information on paper that might track down your data should be shredded immediately once it’s no longer needed. This includes any sort of document, receipts with account details, transaction papers etc.
Hiring a Security resource
Investing in a person who will look after your data and its security is far better than handling it yourself. It is advisable to invest in a security engineer who will deal efficiently with the organizationâs security matters.
Educate your customers
Educating your customers is highly recommended.Ensure that your customers are well aware about online fraudsters and ATO. Help them to understand the safety measures required to protect their data . This will also give you a few extra brownie points as you care for your customers and will surely gain their trust.One doesnât have to be convinced about the importance of security. It is always accurate to be in control of all your belongings.
Hard Work doesnât happen overnight and therefore, it is imperative to rectify and amend the necessary steps for you to reach your goals.
Chinese apps have had a huge market in India. The major users of Chinese apps like TikTok, Helo, ShareIt, UC Browser, Shein, PUBG, Club Factory, etc. were Indians. So these apps’ major revenue was drawn from our country.
All that changed when the government of India banned Chinese apps and created new opportunities for Indian startups.
Why were Chinese Apps banned in India?
On June 29, 2020, the Indian government banned 59 popular Chinese mobile appsincluding widely used TikTok, ShareIt, WeChat, UC Browser among others; and followed that up by banning 47 more apps in July. So far, the government has banned a total of 224 apps having China links(appendix).
Chinese apps banned in India
According to the Ministry of Electronics and Information Technology, the apps were engaged in activities that are prejudicial to sovereignty and integrity of India, defense of India, the security of the state and public order. The apps were secretly stealing and transmitting user data in an unauthorized manner to servers located outside India.
The blocking order was issued under Section 69A of the Information Technology Act. This massive app banning comes just days after Indian and Chinese troops were involved in a fresh face-off at the border.
India a major market for banned Chinese apps
India was a large and growing market for many of the Chinese apps banned in the country. TikTok, the most popular among them, had 16.4 million new installs in June 2020. Overall, the app has over 200 million active users in India, which amounts to almost 40% of its 500 million users worldwide.
TikTokâs sister app Helo, which caters to regional language audiences, also occupied a 50 million userbase in India.
Bigo Live, a live streaming app, and Likee, a video streaming app, are also very popular in India. Likee has run several engagement campaigns on its platform in association with leading Indian brands. In 2019, it partnered with Salman Khan Films to promote Dabangg 3.
Alibaba-owned UC browser has over 130 million active users in India. In fact, UC browser was the second leading mobile browser in India, with a 14.5% market share after Google Chrome, as of May 2020, and over 6.1 million new installs in June 2020 in India.
Chinese apps alternatives
Response of Indians after the ban
According to Indian press reports, local entrepreneurs and venture capitalists are welcoming the ban on Chinese apps, suggesting it could boost local companies, particularly those operating in the sectors of e-commerce, social media, and gaming sectors. Several business tycoons who experienced success, as well as failure in the Indian tech startup ecosystem, have spoken in the government’s decisionâs favor. Â According to them, the ban will help the Indian businesses to establish better in the GDS alternatives to the Chinese apps which have been banned.
Vijay Shekhar Sharma, CEO and founder of Paytm, said that this could bring a âdigital revolution” in India.
“Bold step in the national interest. A step towards Atmanirbhar App ecosystem. Time for the best Indian entrepreneurs to come forward and build the best by Indians, for Indians!”
Top 300 apps on Play Store in India Split
Opportunity for Indian Startups
The ban on Chinese apps, which had secured an enormous mass of Indian users over the years, provides Indiaâs startups an opportunity to step up and conquer the market.
Most apps that have been banned have been successful in their local markets, and have used the consequent resources to expand in India. Their journey provides Indian startups a potential playbook, that if executed well, could place many of Indiaâs apps on the global map.
The steps taken by the Indian government, such as announcing the âAtmanirbharâ (self-reliance) App Innovation Challenge, suggests that it has a strategy to make India digitally secure and independent.
While the ban has come in the midst of the Covid-19 pandemic, it will certainly pave the way for more homegrown startups to launch Indian equivalents of the banned apps.
This is a great opportunity to serve consumers with a great product. Speed of innovation and understanding of local consumer behavior will be critical for our companies to compete effectively with other offerings and this ban is like a marketing boost for Indian apps. The ban brings forth a plethora of opportunities and is in sync with the âAatmanirbhar Bharatâ revolution spoken about by the prime minister.
There is also a real âswadeshiâ (homegrown) sentiment among consumers right nowâ and that ensures local platforms have the opportunity and responsibility to serve Indiaâs consumers.
While many Indian startups who have Chinese investors could face pressure, this is also an opportunity for local investors to take bigger bets on Indian startups. Such moments rarely come in a lifetime and players in the startup ecosystem must recognize the massive opportunity.
Indian tech platforms have the potential to go global
The idea of Indian apps stepping in to fill the vacuum and potentially going global is not far-fetched. This ban provides Indian app developers and entrepreneurs a chance to build a digital business by creating world-class solutions. It also provides existing players across social, messaging, utilities, and gaming categories to spread their wings farther.
Platforms such as Glance with more than 100 million daily active users, and Roposo with more than 75 million downloads, are already competing at scale with global players. Together, these account for nearly 40 percent of Indiaâs smartphone population. Jio, with nearly 400 million subscribers, has 33 percent of Indiaâs telecom subscribers. They might well become the largest tech businesses leading the Made In India narrative on the global platform.
Final Words
The ban on mainstream Chinese apps gives Indian tech startups a little longer runway to catch up and present compelling products that can appeal to users while respecting their privacy. While our Indian companies could benefit from this ban only if we can build attractive, reliable products that are part of a for-profit, pro-privacy IT ecosystem for humanity.
Business Partnerships or personal partnerships are often difficult to hold on. The two leaders are brought together and combined, who have to agree on all terms and decisions daily for their mutual interest.
A successful business partnership brings together two talented minds that are stronger together than they are individual. The best ways to grow a business and grab attention for the business brand is to team up with another company who has more potential and goodwill than the previous one. The partnership gives each person or company access to the skill sets and resources which can greatly expand their capabilities.
Any partnership to succeed, each of the partner involved must be fully committed, be aware of other partner’s plan and also respect their decision. They should also understand their respective responsibilities. There are several must-have and successful business partnership characteristics in this world who have worked tremendously together and have grown more than anyone else.
Types of Business Partnerships
What makes the Partnership Successful?
Several partnerships in the business industry efficiently developed their companies with mutual understanding and sticking by each other in every step. Here are some tips to make the partnership work and flourish.
Both parties or teams are excited about the growth and upsides of dealing business together that they don’t consider the step of determining accountability, which they would take in their organizations. It should be decided at the beginning and there should be a discussion upfront about where the accountability for results falls and what the consequences will be if the goals arenât met.
Firm Commitment
Business Partnerships mostly fail because one person isn’t prepared to fully commit to the partnership. From the very start of the relationship, both sides should be willful to put their 100% into the game both financially and resourcefully.
The success of one party is tightly intertwined with the success of the other in the business. Therefore, goals always stay aligned because both parties are equally committed.
Comparable Reputations
At the time of building a business partnership, partners must always aim to work with the companies who offer the same level of service and do not compromise on the quality reputation. The partnership between two compatible companies is a must and check on every aspect decides whether to start the partnership or not.
Focus on the Common Goal
When companies come together and partner to create new solutions, the only way things will stay on track with the business is if both parties have a common goal.
If anyone party or person is interested in serving only personal interest rather than business interest, then the joint effort will be to no avail. There must be a sincere mutual interest and then comes to the rest like communication, focus, and so on which will fall into place naturally.
Clear Expectations
Setting up expectations and stating them from the beginning is the key. Being straightforward and explaining what the expected outcomes from the partnership for both parties will look like at the beginning will help determine if the partnership will be successful. Here, the key is describing what success looks like in the beginning and then working the way from there.
Equal and Balanced Rewards
Partnerships dissolve sometime since one party benefits more from the partnership than the other. If the party isn’t benefiting much, the effort they put toward the partnership could crumble and eventually dissolve. Hence, to make partnerships work the partners have to agree upon the inputs and outputs.
Use the strengths collectively
It doesn’t matter how big or small the business endeavour is, the ultimate goal should be to grow it. Business Partners join forces for multiple reasons, and it is important to focus on the strengths of each individual/team.
The business partners must be aware of each other’s strengths, identify the underlying strengths and put them to use to make a better difference in the business. It adds to energy and motivation to long-term success.
Some of the amazing real-life examples of perfect and successful Business Partnerships are
Evan Williams and Biz Stone- Twitter
The Twitter partnership began when Evan hired Stone for Google. Over a while, the two developed a strong connection and when Williams left Google, Stone followed him.
Later, the pair was approached by Jack Dorsey pitching them an idea, hence, Twitter was born. Williams believed Twitter’s potential and trusted Stone with the blogging site as a side project. Their partnership is an epitome of ambition, camaraderie and mutual respect.
Bill Gates and Paul Allen- Microsoft
The co-founders and partners of the biggest tech company in the world of all time were childhood buds while growing up. The shared obsession with computers and a mutual goal of entrepreneurship inspired them to create Microsoft.
Microsoft’s Successful Partnership
Allen was involved quintessentially in the early days of the company but left Microsoft after 7 years of the dedicated partnership due to serious illness. Even though their friendship turned foul after Allen alleged that Bill cheated him out of shares in the company, and Paul didn’t get enough credit for Microsoft’s success. However, it all seemed fine in his later life.
Steve Jobs and Steve Wozniak- Apple
The partnership was successful despite being complementary, rarely intertwined, the two Steves met at a summer job in 1970.
Wozniak was a geek at building computers and Jobs knew how to sell them, Wozniak even admitted that he never anticipated selling his creations and it was all Jobs. Wozniak’s technical skills and Job’s business predictions were the ingredients that made the iconic tech company a great success. Hence, Apple is now a top company
Final Note
Finding and knowing a business partner completely can be tricky. The foundation of a successful business is laid down by like-minded people and constant support of the co-founders. If you find an understandable person, start a business with him/her and see how it flourishes.
The transport and logistics industry in India is more lucrative than other businesses for any individual to start up a business with moderate capital investment.
India being one of the fastest growing and developing economies in Asia, the transport and logistics industry in India shows a superior growth rate for Indian market players. The spends on Transport and Logistics services are estimated at 14% of the GDP annually as the share of the total value of goods.
Road transport constitutes over 64% of the total freight movement. This type of consists of 2.2 million heavy trucks and 1 million light-duty trucks covering around 18,00,000 kms of road length carrying 4000 million metric Ton of load annually.
There are multiple opportunities in Indian logistic industry in both smaller or new startups and large-scale businesses. On the other hand, analyzing and starting a transport business can be considered a cash-intensive business. The business particularly demands strategic operational planning, manpower investment, and digital promotion.
Some of the Transport Companies in India
Steps to start Transport Business in India
Some essential steps to be taken by entrepreneurs in transportation industry who wish to start a Business in India, hoping for a better future and outcome. The steps are to :
Research about the Transport Industry
To start with the Transport and Logistics Business in India, entrepreneurs must have full knowledge about how the transport industry works and what are operational requirements. Business owners need to learn about what are some legal rules and regulations to be followed by a transport business. It is also necessary to conduct full research on the transport business before getting into it.
Plan and Register for a Loan
To plan and execute a business idea and start any business in the world, a clear Business Plan has to be recorded. In business world, each and every effort should be counted and should be recorded carefully as it can prove to help raise funds for the transport business.
The business owners also need to think of a catchy brand name for the business and secure a copyright/ trademark. After planning a business in and out, business registration has to be done. Entrepreneurs get the option of registering their businesses as a private limited company or a Partnership. Once the registration is done, the economic factor should be taken care of and should probably have to take a business loan for the investment
Manage Transport Trucks and Lorries for business
After registering, entrepreneurs need to hire the right kind of people for Transport Business Operations and get vehicles that are required for the business by securing Vehicle loans.
Advertise the Business
To set up the new company, entrepreneurs have to advertise and Market their Transport company on regular basis by building a website and maintain an account of business on regular basis.
Profitable Transport Business Ideas
There are multiple lucrative business ideas in the Transport and Logistics Industry in India. The business opportunities are easy to find and can be made successful and help get started with the Business.
Car Rental
Car rental is a traditional business idea. This type of business is a successful one in both urban areas as well as small towns. These Organizations need to understand the local and customer business demand. It is profitable for the company when people who want to travel a certain distance and go out of their respective city and reach a destination, they are the target consumer of the business.
Ambulance service company demands less capital investment from the entrepreneur as compared to other businesses. The business  owner must know and identify the market demand and target audience. It is also beneficial because there would be numerous medical emergencies and situations which prove profitable for the business. The Business owners should  have a better connection and network with local hospitals, nursing homes, and clinics.
Ambulance Transport services in India
App-Based Taxi Service
The transport taxi businesses which are based on an app in the Indian market is growing with huge numbers. Big Companies or giants like Ola and Uber are operating almost in the whole country helping commuters travel every day and capturing the transport market. These companies also provide an option of using a user’s car with the companies and they will ensure them a monthly profit. Hence, it works both ways for the users.
Car shuttle service
Car shuttle service refers to a not exactly door-to-door pick up or drop but a reliable transport business for employees. It is mostly availed and used by the company employees, needing a transport service for commuting daily to work.
Company’s Employees can book cabs through a third party agency. These daysâ different cabs are being introduced for women who work in the night shifts.
Cold chain travel company is a profitable one in the industry as it demands substantial capital investment and a greater amount of care and personal attention. It is because cold chain generally operates in the temperature-controlled supply chain. This business helps to cover the goods and ensure the safe transport of the perishable products.
Livestock Carrier Services
Livestock transport companies in India provides an enormous opportunity by carefully transporting Poultry eggs, birds, goats and chicks as they are the major products that need special infrastructure at the time of transportation. There are also numerous other animals who are transported with the help of these services.
Conclusion
Transport and logistics company takes time and effort anywhere to build. These businesses have to make sure that they have the financial backing and enough human resource to pay attention to details. Entrepreneurs need to concentrate on the service efficiency which will improve the quality of the services provided and ensure the safety of delivery of goods.
Niku Mandal
