This document discusses starting an online business. It notes that entrepreneurship requires traits like persistence, passion, patience, vision, confidence and flexibility. An online business offers advantages like low costs, global reach, and easy marketing. The document provides tips for developing a business idea and marketing plan, launching a minimum viable product, analyzing data, and growing the business through innovation and expanding product offerings. Various low-risk business ideas are listed such as selling products online, blogging, teaching online, and virtual assistance. Overall resources and traits needed for online business success are covered.

1. Start Your Online
Business Today !!!

2. Job or Business?
Decide where you fit

3. Choose Job if you
- Can’t take risks
- Can’t afford financial struggle
- Can’t work hard
- Can’t afford failures
- Can’t operate yourself under extreme uncertainty
& pressure
-It’s not wrong doing Job..you going in different
path…that’s all

4. Important Traits of
Entrepreneurs
- Persistence
- Passion
- Patience (Tolerance)
- Perception (Vision)
- Confidence
- Flexibility
- Strong decision making skills
- Think & imagine limitless

5. How do you know that you are fit to do business?
-You always feel that you can make things much better
while using any service or product
- You good at convincing people
- You good at managing people
- You take the challenges and like to fix the problems
- You think creatively

6. What is the business?
Business is a commercial activity….transaction happens in between customers
or businesses in exchange of money
What’s the best age to start a business?
Studies showing that the best age to start the business is late 30’s but there are
entrepreneurs who started their companies before in early 20’s and made
them world’s best companies
My advice is start your business as early as you can…it’s good failing in early
age

7. Start your business...
-When you feel you can make things
much better than others
- When you have a passion to start a business
- When you have an innovative idea
- When you believe yourself that you can
change something the way that is - Google

8. Creativity starts from belief
To play video, click somewhere on the black box

9. Why to choose an online business?
-Low cost & risk
- Can do in free times – extra income
- Can work from anywhere & anytime

10. Advantages of online businesses?
-You can take your business global sitting in your home
-Website operates 24X7
- Minimized resources
- Easy marketing

11. How to start your business idea?

12. Write a simple marketing plan
1) What’s your product or service
2)Understand the potential of your business idea
3)Target Audience
4)Realistic and measurable goals for next 1 year
5) Strategies & Tactics
6)Budget Breakdown

13. Revenue Plan
How much money we can
generate & how
- 3 months
- 6 months
- 1 year

14. Recheck potential of your business
idea and why not other companies
get there…..Is it unique idea?
- Is it a risky?
- Any technology constraints?
- Any regulations stopping?

15. Register your Company
Employee right team with right
skills

16. Start building your website
Release Minimum Viable
Product
Ex: Lean startup - Toyota

17. Start marketing your product by
spending as much low as
possible
Don’t pour money on marketing
until you see initial traction for
your product…
(You are building product in uncertainty)

18. How to market your online business?

19. Marketing becomes an easy task
when you know….
Who are your target audience?
Who are potential prospects & what they do? – Ex: Ayurvedic
products
What’s your marketing objectives? Branding or Increasing sales
What are the marketing channels ? Like SEO, PPC & Email
Marketing….media channel as well
- Marketing budget & how much you can spend

20. Selling become an easy task
when you have a…
-Unique product - Monopoly
- Innovative product

21. Marketing is not a selling
…it’s more about understanding
customers & their problems
Which leads to opportunities
Treat every customer as first
customer

22. Learn from your competitors
…..but not imitate them
Chance of failure is 95% with
me too products

23. Market on every possible channel
(Focus on inbound marketing – don’t leave mobiles)
Don’t leave any space for your competitors

24. Price your products rightly
Ex: Xiaomi.com & Apple.com
Economies of Scale

25. Focus on quality service, it will
give you the more business
Quality is the mantra to get
more referral’s
- Google & Apple

26. Be on top of the industry
trends….
Focus on the innovation like
process innovation & Service
Innovation etc..

27. Understand your product or
service has any potential
threat in near future
(Did someone think there is end for few businesses?)
Ex: Cell phones - MP3 Players,
Calculators, Watches etc…

28. Measure your web business

29. 1)Implement Analytical Tracking
Example: Google Analytics – Track website metrics
2) Analyze sales data
3) Analyze advertising data for
informed decisions

30. Analyze data based on the
KPI’s & Micro KPI

31. Data tell us a story – understand what it is
Example: Snapdeal COD
Drill the data down to the best possible level
Example: Instagram
By user, geo, demographic, browser & device etc

32. Grow your web business

33. Be flexible with your business
idea, don’t think that you have
to stick to the initial idea, you
can slice & dice your idea for
better outcome as time goes
Examples:
Airbnb.com
Instagram.com

34. There is only fuel for the growth –
that’s innovation
Tap market share with your creativity
(Innovate a new product or from existing product)

35. Take your innovative product
ASAP to the market…if not
some is there to innovate the
Example:
Kodak X Samsung

36. 4 Ways to Grow Your Business
1) Sell more products to the existing customers
2)Acquire more customers with same product
range
3) Increase the product range
4) Mergers & Acquisitions

38. Let’s Take a Short Break…
Next session starts at 12pm by Aryan

39. Risk free
Business Ideas
to start immediately
(BUT NEED GENUINE EFFORTS TO MAKE MONEY)

40. Sell others products on
your website –Marketplace
Like Amazon & ebay etc…
http://www.affilorama.com/

41. Start an eCommerce Store

42. Sell Products on Ecommerce
Platforms
http://www.alibaba.com/

43. Watch these two presentations on Ecommerce
E-Commerce A to Z
http://www.ecomlytics.com/ecommerceatoz/
E-Commerce – Market, Measure & Grow your
Business
http://www.ecomlytics.com/e-commerce-market-measure-grow/

44. Teach Online…
https://www.udemy.com/
You can also have your own website & teach worldwide

45. Blogging
Drive traffic to your website
and put ads to earn money
https://www.google.com/adsense/
https://buysellads.com/
http://www.clicksor.com/

46. Upload Videos on YouTube
Generate traffic to channel
You earn money for every ad
being displayed on your video
http://www.youtube.com/

47. Fill the Survey or Contests
Only go with legitimate “Get
Paid To” Websites
http://www.points2shop.com/

48. Content Writing & Translations
http://www.lekhaka.com/
http://experts.about.com/
https://www.crowdcontent.com/

49. Service Selling
Through your website

50. Nano Jobs
http://www.shorttask.com/

51. Hackathons, Technology
Events & Competitions
http://www.sparktherise.com/
http://www.aaas.org/
http://www.cleantechcompetition.org/

52. Virtual Assistance
https://helpouts.google.com/

53. Rent a room for the foreigners
https://www.airbnb.co.in/

54. Get Paid for Software Testing
http://softwarejudge.com/

55. Why people does not start a web
business?
-Not interested in doing business
- Habituated to salaries & hikes
- Feel doing business is too difficult
- Have not enough money
- Do not have technical knowledge..but you
can manage
- Do not have any innovative ideas

56. If you have good business idea…
there are number of companies
help you to take your idea to world
Startup Help by NASSCOM
http://10000startups.com/

57. What do you need to get succeeded
in your web business?

58. Do what it matters !!!
(You have to focus on strategy)
Depends on your business idea
You need to know 3 Core areas
1) Internet Knowledge
2) Website Technology Knowledge
3) Online Marketing

59. Online Marketing

60. Best resources to learn online
marketing
http://www.quicksprout.com/blog/
http://www.quicksprout.com/2014/09/22/get-your-mba-in-internet-marketing-
with-these-12-guides-and-2-courses/
https://blog.kissmetrics.com/marketing-guides/
https://blog.kissmetrics.com/infographics/
You can find better websites based on the topic of interest

61. What Next?

62. Come out and look
at the world….
You can do when
everyone is able to do
Believing in Yourself
is 1st step to success

63. At some point, we have to bet on our
life with marriage 
We can bet once on business as well !!!

64. Bet on Yourself !!!
Life is too short…
Do whatever you want right now !!!

66. Business Websites
http://business.gov.in/
http://growthhackers.com/
http://www.forbes.com/
http://www.inc.com/
http://www.entrepreneur.com/
http://www.bloomberg.com/
Business Movies
- Jobs 2013
- The Social Network
-Wall Street
- Money Ball
- Too Big to Fail
- The Pursuit of Happiness
- The October Sky
Business Books
-The Lean Startup
-The innovator's dilemma

67. Watch this Presentation
@
Ecomlytics.com
(Please leave your feedback about this event in the comments section)

68. &
Ravindra Reddy Chitla
+91 9701641046
ravindrareddychitla@gmail.com
http://www.ecomlytics.com