6 Business Ideas For Young Entrepreneurs (In India)

A kid can run a business. Happens all the time. And here’s something that may be a shocker for you – your kid can probably run a business too. Now you may be saying, “Look, Mike. My kids are busy with school and sports. They’re well taken care of, buddy. I’m not gonna burden them with the task of running a business in addition to everything else. As long as my kid gets into Cal Tech. . .” Uh-huh.

 All things considered, think briefly about the sorts of propensities and abilities one would need to develop to maintain a business. Take critical thinking abilities, for instance. Great organizations are birthed from smart thoughts – imaginative approaches to tackle an issue on the lookout, regardless of whether that is giving invigorating beverages to parched voyagers along Route 56, cleaning yards for occupied two-pay families, or Smart Phone Demystification Services for void nesters. 

Entrepreneurs likewise need to design, oversee and adapt their time. They need to create methodologies and fabricate connections to assist them with getting the best hotspots for their items and give the most obvious opportunity with regards to producing positive informal exposure. Entrepreneurs should keep a feeling of responsibility. They need to create quality merchandise and enterprises reliably. 

No reasons. To sell, you need to convey a specific degree of trust in yourself and your item. So we have the critical thinking, arranging and the board, vital reasoning, relationship with the executives, responsibility, relational abilities, self-assurance. A child with that range of abilities can think of her own ticket throughout everyday life. 

Succession planning means having a plan in place for when your key employees leave. While it may seem premature, the ideal time to start succession planning is when your key employees are still working for you. This process may seem intimidating, but with the right steps, the process can be accomplished with relative ease. Use the advice below to start creating your personal succession plan. Here are the List of Information Technology (IT) Companies in India in case you want to about the industry in deep and also want to connect.

I have listed few business ideas specially for our young generation entrepreneurs, who are passionate about their dreams and want to do unique things. 

1. Future in E-commerce 

E-commerce business is a consistently developing industry. On the off chance that you need to begin an online store business, it’s fundamental to know explicit rules on the best way to sell on the web. 

You could sell your own items, retail different items, or assemble online stores for different organizations. Youthful business visionaries will in general succeed with regards to E-trade.

  1. Handmade gifts 
  2. Baking
  3. Jewelry
  4. Fashion

These are few e-commerce sites that you can go for with less funding and without much hustle but the only thing which you have to keep in mind is knowledge and guidance. There is a list of E-commerce Companies in Mumbai you can watch and know a little more about them.

2. Interested in Coding

This is a field with dramatic development and popularity. Furthermore, it’s truly productive. 

A few organizations will most likely be unable to recruit you for all time, however just for explicit ventures. This permits you to work for various organizations consistently or join a group of designers with work over-burden that may require your administrations. 

Programming advancement offers energizing chances that will assist you with developing. Developing an app/website is that easy but can make a huge difference if done correctly, you can make apps that provide a company database or contact finder app/ website, anything like that, or the app/ website which you can handle. 

3. Passionate about cooking

On the off chance that a capable expert cook doesn’t extravagant trudging it out at a café or food truck business, there is another option – cookery classes. This is a remarkable pattern that is getting on among metropolitan families in India as something that couples do together and make something that is tasty yet solid. 

Also, it is even conceivable to do these classes both face to face and on the web, or one could make a video blog showing others the complexities of culinary abilities. The degree to grow and adapt from potential market sections that one probably won’t have the option to arrive at in any case expands complex by exploiting the online course. Have a look at the Top FMCG companies in India for more reference.

4. Go for Photography 

Sometimes, your interest can make you bring in cash, you simply need to invest some additional energy in your leisure activity to make it a calling and further into a business. Photography is one of those leisure activities turned calling. Better the camera will be, advanced the photos it will catch. Rest everything in your exactness and expertise of taking pictures that will make you a decent photographic artist. Initially, you have to become a pro then only you can start earning. 

5. Event Planner

Numerous Event Planners begin telecommuting. This can be an incredible model for setting up an occasion arranging business as it holds overheads down in those basic beginning phases of exchanging and can boost profitability. Numerous other Event Planners, Wedding Planning, and Freelance Event Managers report the equivalent and think that it’s a serviceable answer for them – either for the short or the long haul. 

Others simply don’t appear to be ready to envision the real factors of working from a headquarters and I have been tested and offended in equivalent measures by individuals attempting to comprehend the complexities of telecommuting!

6. Online Classes

Exchange of knowledge can make every person educated and that’s what teachers do, they teach you what they are best at. Learning can never end at any stage if you love to educate people which can help people in the future as well as on a daily basis, you must go on without even giving it a second thought. 

Nowadays learning from the comfort of your home becomes the most reliable option to go for. Online classes can be of any time like tuition classes for kids, cooking classes, dance classes, music classes, and many more like this.

Conclusion

The above mentioned are some of the selective ideas once you step out of the comfort zone then you will realize that you can do anything (only if you are interested). Every business idea I unique in its own way dig a little deeper into the option you are choosing so that you won’t regret it later. 

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Generate Leads: 11 ways to become an expert in sales

Generating b2b leads is hard especially in this COVID era when the sentiments of the market are haywire.

Spending is less, people are more likely to hold on to their purchase decisions, thus it’s more important to spend your time and efforts wisely in identifying various ways to generate b2b leads.

I will be sharing 15 ways using which you can become an expert in sales or to say at least improve your lead generation efforts.

I don’t think so one becomes an expert in sales, one becomes an expert in the process of SALES.

Let’s dig right into it then.

Follow the signals

Your potential customer’s release signals in various forms, all you need to do is listen to those signals and strike out at the right time.

What are those signals?

Let’s say a company has raised funding today, the next thing the company will do is to invest that amount of money into technology, product, marketing, hiring more people, expanding into new markets etc.

So if you are looking for such companies that have both a budget and need, this is the signal you need to listen.

By either checking recently funded startups on EasyLeadz or downloading Mr. E b2b contact data finder app, you can track such companies for free and reach out to them instantly.

When nothing works, try outbound

You are reading this it means either you have been impacted by the COVID and your sales are down or you are lucky but still want to work upon your sales and generate more b2b leads.

In both cases, outbound sales work.

Outbound is when you reach out to other companies or potential customers and identify their needs.

Inbound leads are the reverse of outbound where the customer is reaching out to you on your website or your contact us page and asking for more information about your products or services.

A simple message on Linkedin to a potential customer works wonders if done right and a simple cold email to a potential customer with the right follow-up can lead to a sale.

All you need to do is to figure out the right set of customers who are more likely to buy what you offer and make a list and start reaching out to them.

No point waiting for Corona to get over. It’s the new normal, act upon it.

I have written an article on how to set up cold email and generate potential leads.

Cold calling is the key

I did a survey of over 831 sales and marketing professionals and over 39% of them said they prefer cold calling over anything else.

And this was before CORONA kicked in, imagine what options people will have now and how the preference will have shifted towards cold calling, now that people cannot do walk-in sales anymore.

Voice gives a human touch to the conversation and leads to more sales.

So if you are not into cold calling, step up your game and try it at least for a few months and see for yourself.

You can use Mr. E b2b contact data finder app or chrome extension for a quick free trial to get direct mobile numbers of potential decision-makers.

Social selling is the future

If you are into social media you will love this term of social selling even more. 

It means creating engagement with prospects on social media. I am not talking about the ads that keep following you on Facebook. 

I am talking about someone writing content on any of their social channels and that drives engagement which further leads to qualified leads.

So I write content on Linkedin on my profile which drives over millions of views, hundreds of comments and profile views which further lead to people reaching out to me asking for more about our business and services.

What did it cost me?

Nothing in monetary terms but I had to write content almost every day that gives value to my community.

Automated anything yet?

I honestly dislike people who want to spend time doing the same thing repeatedly instead of finding ways to automate it.

You can’t buy time, period. 

If you could find ways or know a way to automate your business processes or any part of your job, do it. No robot is going to invade your job. 

When you save time, you could invest that saved time in doing meaningful things and focus more on real sales and customers.

One example is when I use our own B2B contact finder tool, Mr. E, I use zapier to integrate it with our CRM which is Hubspot.

As soon as I fetch a new contact through the tool it saves it in Hubspot for the sales team to follow up.

In Hubspot, we have further created a task that automatically sends them a follow-up email after a few days with a set template.

It doesn’t just save me time but improves productivity and efficiency and conversions.

Growth hacking is the new mindset

We have always heard hacking in negative connotation but what if it can help your company grow in a positive way?

In simple terms, growth hacking is when you find ways to grow one metric say user signups using non-conventional methods.

How dropbox grew their user signups via referrals or how AIRBNB created a program that created listings directly on Craigslist leading to thousands of users to their website, for free.

Especially in a tech company you could experiment fast and do multiple experiments at the same time. All you need is one WIN.

All I am asking from you is to be OPEN and explorative in your experiments.

I am not just saying for the heck of it, we do it all the time at our own company EasyLeadz.

Search on Google – Recently funded startups in India

You will see our website result in 2 or 3 positions. When you open it you will see the complete list.

Look at the intent of the searcher, it directly leads them to a list and over there they see a button that says download the list for free? 

That’s where growth hacking happens.

When they click to download it asks them to share it on Linkedin, they get a free list. We get visibility on Linkedin where our users are and that’s how we get more visitors to our website and the cycle continues.

Understand the pulse of the market

Asking your product team to build features is one thing but knowing the market is another.

There are various tools in place that will help you understand what your customers really want.

We did a survey where we asked our customers what they hate the most about our contact finder tool.

Lot of them said, they hate the fact that we don’t provide a mobile app.

So we made one for them.

Make something people want

We made various products in the past, almost all of them failed but what we learned along the way is what people want.

So when we finally launched Mr. E tool which is the contact finder tool, it had all the elements of product-market fit that one hopes for.

We grew from 30000 users in just 10 months to over 30,000 USD MRR in just 10 months without a single investment in ads or marketing.

Sales are about similar experiments, keep doing it, until you get one WIN.

Don’t hesitate to experiment with pricing

Every day your customers will tell you, you are expensive or your competitor is giving them at less price or things that customers tell us to get what they want.

Listen to the customers and keep experimenting with your pricing.

Even companies with 100 years of existence still do it, because the market changes everyday, its dynamic.

A new competition will emerge out of nowhere and that will push you to experiment with pricing.

We recently introduced an unlimited number of credit plans on our contact finder tool, no one bought it, and everytime we talk to customers they ask for an unlimited plan. That’s the irony.

But we still keep doing it and come up with new pricing options.

Remember, when it comes to sales and marketing, out of the 4P one of the P is pricing.

No one knows everything

Don’t expect to know everything in the beginning, but don’t keep yourself from knowing everything.

Generating leads demands cross-linking between various inputs.

What market wants, what competition is offering, where customers are, who are the customers, you might have to know a lot about it.

If you don’t know it all, that’s okay, but sales start in steps.

That’s where experimentation comes into play.

If you believe customers who have more than 50 employees are the right fit, reach out to them, see if your hypothesis is right, if not, start over and try a different segmentation.

But still, know your CAC

Over the period, expect to know your customer’s acquisition cost.

If you invest 1 USD to acquire a customer and that customer pays you 3 USD over their lifetime, it’s a WIN.

Now you can invest 100 USD to earn 300 USD on similar customers.

But if you are not even aware of this ratio you don’t know what you are investing into and what your returns are going to be.

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