Over the past few years, we have observed that a large number of start-ups emerged across different industries. Of these, a majority of the start-ups closed down while some continued the struggle to maintain their space in the e-arena and only limited ones could see the sunrise into the future. While most of the start-ups that shut down had access to the required seed funding, a set business model as well as an experienced team leading them on, it is interesting to learn why the majority of those start-ups could not survive. Following such outcomes, anyone aiming to step into the e-commerce domain too would feel compelled to ask the most common yet the most basic question to oneself i.e. what is it that an e-commerce start-up really needs to turn their idea(s) into a successful business venture. At the most fundamental level, it is important we understand that the following 5 relevant tips can substantially impact the success of an e-commerce business:
“One of the hardest things in life to learn are which bridges to cross and which bridges to burn.”
3, 2, 1, launch… right? Not quite. When you’re getting ready to launch on Product Hunt, you’ve probably put months or even years of your life into this product. Failing the launch would be devastating, while doing it right can give you everything you need to turn your product into a business. This article isn’t focused on getting upvotes, but on maximizing the impact of your launch in general. By focusing on impact you’ll get the fundamentals that matter most for your long-term success.
Long hours, spreadsheets full of revenue numbers, a huge ego, weekly interstate plane trips, no partner, kids you don’t know and lots of money you don’t need. On the outside, you’re taking the business world by storm…
Do you feel let down by all the advice about and from successful people? Of course you do.
We’re separated from the people we turn to for help by a million miles and, often, 10, 20, 30 years of experience. Even if we’re the same age.
That’s not something you can catch up to with a few articles. It takes years of time and the right habits. But habits are both causes and effects.
On the night of 5th August 2018, I set out to execute one of the biggest marketing campaigns of my life which has not only helped my startup grow in revenues and customers but also gave me life lessons that shall stay with me forever. My intern, Sanjay Nalamaru, and I spent 40 hours at the Bangalore airport interacting with over 600 cab drivers to successfully convince 400 of them to advertise Stoned Santa in their cabs. I am sharing my journey of this campaign right from idea to execution and the results we were able to achieve in 3 months of the campaign going live.
This new type of “porn” has no place in people’s lives. See how you can get it out of yours. He says that sometimes entrepreneurs get so caught up in trying to make their business a success that they can end up putting their health on the proverbial back burner, which is neither smart nor productive.
Many people fantasize about quitting their office jobs to start their own venture. Whether they have a side hustle that they think they can monetize, or daydream about writing proposals in pajamas, entrepreneurship can seem like a compelling alternative to working in a cubicle. However, given that 50% of businesses fail in the first five years, it’s important to make an informed decision. Before you draft your resignation letter, make sure to consider these questions:
If you’re stuck in the brainstorming stage, the first step is to focus on two questions: ‘Why?’ and ‘Who?’ Do you constantly have great business ideas which fall to the wayside because you just don’t know how to turn those daydreams into reality? If you’re stuck in the brainstorming stage, that’s probably because you don’t know what to do next.
“What kind of life do I want?” Increasingly, this is the question on people’s minds, replacing “What kind of job do I want?” I often hear this from new entrepreneurs building e-commerce businesses, leveraging technology to shed traditional barriers to entry. The term “lifestyle entrepreneurship” was pioneered by a high-flying, highly visible group of savvy digital natives. They recognize the power of the web and have devised ways to create efficient, streamlined businesses that outsource everything beyond their core skill sets. Dubbed MMO (make money online), this innovative group’s lifestyle is on display all over social media.