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FAQs
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What are some of your favorite tools to manage sales proposals and why?
Totally biased here, but I got frustrated with Word + Excel + Email + prayer so I created an online proposal system. The things I wanted:Know if/when prospects are reading the proposal. (No more “just calling to see if you’d got my proposal voicemails”.)Automatically insert customer names, effective dates, pricing info, etc. (No more copy & paste/find & replace on customer names.)Make it easy to create and use templates, so no more searching around for the latest and greatest proposal on a shared drive.E-signature.Ability to save snippets of content for easy re-use.Ability to allow multiple options within a single proposal (“good/better/best”, etc).Add images/branding/etc so it looks professional.Embed video to stand out.Ability to enforce internal approval process before proposal goes to prospect.Make it easy to find proposals— by prospect, company, status, etc, all in one place.Make it easy to search sales notes and drop the relevant phrases into the right place in the proposal.You can find these features, plus lead generation and conversation capabilities at www.mimiran.com. Like I said, I’m biased. ;-)
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What are the best productivity tools for entrepreneurs?
I now accept Suggested Edits, as they come in. Include the price of the product/service.Pre Launch:Javelin. Start and grow your product faster. javelin.com/?ref=p5eybNFKResearch:Clipular http://www.clipular.com (free)Evernote http://www.evernote.com. Free, and $45 per year.Launching Soon Page:LaunchRock http://www.launchrock.comLaunchSoon http://launchsoon.comLanding PagesSelf Hosted:ThemeForest http://www.themeforest.net $8+Hosted:UnBounce (landing pages) http://www.unbounce.com $50/moKickOffLabs: http://www.kickofflabs.com/ $15/monthOptimizely: https://www.optimizely.com/ $17/monthTurnkey...
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How do you startup a online business in india?
Starting an online business in india is much simpler than ever. Even the government of India has taken initiatives (Startup India Scheme) to encourage individuals to start their own business. With the digital boom a lot of unprecedented opportunities started to pop. There are lot of businesses that are able to leverage this opportunity and create a successful establishment.Before you jump in and start an online business make sure that you have followed all the process to establish the enterprise as a legal entity. Comply with all the legal formalities so that if future you won’t be muddled with legal ramifications.The startup India scheme was launched in 2016 with a key idea to promote entrepreneurial spirits in India. The primary objective of this scheme is to promote startups, create wealth, and generate employment.You can register your startup online. When applying for registration your startup you need to consider presenting the below documents;Letter of recommendationLetter of funding (by state government or the government of India) to specify the scheme applicableCertificate of IncorporationBrief description of the businessThe information technology act has provisions to submit electronic forms. All filings done by the companies/LLPs under MCA21 e-Governance programme are required to be filed using Digital Signatures.Filing INC -29 for Certificate of Incorporation. When applying to apply for INC-29 you need to have the below particulars ready;DIN ( Director’s Identification Number )Name approvalMemorandum and Articles of association ( MOA & AOA )Registered office verificationFew opportunities that you could consider for starting an online businessStart an ecommerce businessStart online tutoring classCreate and monetize a blogBecome an affiliateStart a dropshipping businessStart freelancing opportunitiesStart an Ecommerce BusinessIt’s quite easy to start an ecommerce business. With a manifold of pre-built ecommerce platforms available you get the opportunity to test individual platforms before writing off a paycheck. Almost all the pre-built platform providers gives you a 15 day trial period to fiddle around. This gives you an addon advantage to experience the platform in realtime and understand the pros and cons. Every platform has a set of limitations, it’s better you keep yourself informed.Create an Ecommerce Business - Start A Trial Store!Starting an eCommerce business is like opening a new Facebook account. One small signup and you get everything you want to sell online. Ecommerce business is gaining a lot of significance among people. A lot of newbie entrepreneurs has tasted success with this online business opportunity.Few eCommerce Platforms to Start your Online StoreShopnixShopnix is a Bangalore based eCommerce platform provider. The eComm company was founded in the year 2011. The platform provider is custom created to meet the entrepreneurial needs of Indian entrepreneurs.Shopnix PlansQuicky:- INR 1,000/ monthStandard:- INR 2,000/ monthPro:- INR 5,000/ monthPremium:- INR 10,000/ monthShopifyShopify is a canadian based ecommerce platform provider. There are about 600,000 online stores and is considered as a leading eCommerce company. The Shopify platform support both online and offline sales.Shopify PlansBasic Shopify:- USD 29/ monthShopify:- USD 79/ monthAdvanced Shopify:- USD 299/ monthKartrocketKartrocket PlansEssential:- INR 3,500/ monthPremium:- INR 7,000/ monthPlatinum:- INR 12,000/ monthStart online tutoring classWhy start an online tutoring. There are lot’s of digital nomads who are looking for courses that will help them wet their skill sets on specific areas. Let’s say you are good in cooking. Why not create an online website through which you could share your talent with people who really want to learn cooking.Be it yoga, music, whatever it be if you have the talent/ skill sets, then try to teach people who are looking out for it. People are looking for online tutoring course because they could learn whatever they want, taht too based on their convenience.Create and monetize a blogBlogging is another opportunity that allows you to create your own digital identity. Through blogging you will get an opportunity to establish your domain authority in a specific niche. Blogging has so far helped a lot of people to gain recognition in the digital sphere. Once you are successful with blogging and succeed in establishing an authority you will be able to leverage on it. There are a lot of business entities that are looking out for genuine and passionate bloggers who could help them scale their business.At the same time once you realize that you are able to generate enough traffic to your website, then you could apply for Google Adsense. Through Google adsense you will get amazing opportunities to commercialize your website.Lookout for Affiliate Marketing OpportunitiesThere are lots of affiliate marketing opportunities that you could look into. There are lots of affiliates who successfully commercialize a clients product and bag a good sum as commission. Look out for websites that offers partnering programs and make sure to use the best out of it. The website will assign an affiliate link to you. When ever a customers makes a purchase through the affiliate link the website will pay a percentage of the sale as commission.Start a DropShipping BusinessDropshipping business is one business model that has gained signNow importance among newbie entrepreneurs. The initial investment for this business model is too low. You need an eCommerce store to list the products and a set budget to commercialize your business online.In dropshipping business model you don’t own the products. You will enter into an agreement with few companies agreeing that you will be happy to list few products on your website. Once a sale happens to materialize through your website then the business needs fulfill the online purchase.Create an eCommerce Store and Start Drop-Shipping
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What are some great online tools for startups? Why?
Startups need something that can give then maximum at minimum invest because the number of risks is always high! We understand all your needs and hence we have got this product for you- PayUnow!Be it any startup: food, automobiles, e-commerce, travel, IT, education or homemakers, this one is for you! It is available for FREE for Android and iOS users. Let customers discover you as you upload pictures of delicacies. To collect online payments easily, anytime and anywhere, all you have to do is share a unique business link or website which you will create with us for FREE! Here’s why you should download the app NOW:It is FREEAllows you to create a business website with zero maintenance costHas the lowest TDR in the market i.e 1.99+GST!Lets you showcase your productsAllow you to add contact details and locationMultiple payment options supportedYour customers do not need an app! All you need to accept payments directly in your bank is one link: you can choose this link for FREE!Quick and paperless bank verification and documentationPayUnow is a product of India’s largest Fintech Company- PayU! Join the communtiy of 4.5 lakhs+ businesses like you! We look forward to empowering the SMBs and give them a relief from the hassles of payments so that the only thing you need to focus is your business growth! We are continuously creating a guide to assist you with the best. Learn how to sign up, edit, share and verify by visiting here:
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What is the step by step process to start an online business?
Step 1: Find the NeedMaybe you have already planned your business, product, and other details but did you consider what your audiences are looking for? It is a myth that you know your audience. Many times what they want and what you provide is absolutely opposite.Step 2: Review Your ProductIf you think the results from Step 1 match is in line with your business ideas, then go ahead. But if in case the audiences have different needs, it is recommended to look into their needs first then trying to push and sell your ideas. Give importance to your audience and the chances of your business increasing exponentially are really high.Step 3: Plan EffectivelyAfter completing steps 1 & 2, setting your product and/or marketing plan shouldn’t be that painful. Engineering your product (your website, products on display, etc.) in such a way that it is easy to use by all is important.Creating an effective communications plan is essential too. Which communication channels you are going to use to signNow out to your target audience? What are you going to communicate? And many more questions need to be effectively asked, answered and hence planned.Step 4: Funding your StartupNow its time to pitch your intellectual property! This is one of the major steps for your online business because your development, either on the product or the marketing front will be reliable on the funds you are able to bundle.Step 5: Choose your Type of BusinessWhether you own a business in Partnership, Pvt. Ltd. or proprietorship. You can refer to the Indian government regulations and norms for corporate rights. A quick glance at the new company registration process:Select at least one suitable and unique name of your company.Online application to the concerned RoC to ensure availability of the company name.Form 1, 18 and 32 need to filled and submitted within 60 days of company name approval.Draft, vet and print the memorandum and articles of the association by the solicitors.Arrange for appropriate stamp duty of the memorandum and the articles.Attest the memorandum by at least two subscribers with specification mentioned.Check all the details once – date, signatures, stamps and so on.Step 6: Register your DomainDomain name is the face of your e-commerce site.Step 7: Web HostingAs introduced, online businesses are upscaling rapidly and hence there are many web hosting services offered for free. If you are serious about running an online business for a really long-term in the future then it is better if you buy your own hosting services. Customized or paid services are flexible enough to provide you with all that you need for your site – templates, structure preference, code your own program and so on. Opt for a service which allows you to grow – upgrade or update regularly.Step 8: Create your Online Store & Mobile AppAt this stage, the main face or storefront of your website needs to be worked on. The entire user interface and user experience (UI, UX) is chalked, consented and implemented.Step 9: Marketing ToolsNow that your online business is ready to roll out in the market, do a bit of research and use the best available marketing tool around!Step 10: AnalyticsYou won’t know your success unless you measure it. Know who viewed your e-commerce website or web app? How many times and for how long? Google analytics is the key ingredient followed and trusted by all. The business analysis gives you a wider and brighter picture of what is working and what isn’t. This information helps you to strengthen your online business and guides you to move on the correct path without any major losses.Step 11: FeedbackThis cycle is vicious and isn’t completed without a valuable feedback. Seeking for feedback always makes you stand tall as a learner and a businessman of quality. Your customer feels open and caring when you give them some space to speak out their minds about your product or business. Respect your audience and what you get in return is definitely priceless!Stay tuned with more such insightful reads, visit here:
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What kind of business I can start with zero investment?
In the early part of 2017, I created the “2017 Flip Challenge” to push people to sell products on sites like eBay for profit.So many of you complain about not having money to start a business, invest in ads, or build your personal brand.But at the same time, you have things laying around the house that you could sell online.You could take the time you spend watching House of Cards or Game of Thrones, and use it to find out what products are worth on eBay. You could find out what your clothes are worth. Find out what your old electronics are worth. Find out what toys are worth.And you could use that data to start selling products you already have, flip stuff from thrift stores, or sell stuff from the “free” section of Craigslist.In 2018, the flip game is still more real than ever.So I want to eliminate every excuse people have for not getting started.Here’s how to flip items like a pro:Here’s how to flip items like a pro:Go to Craigslist2. Under the “for sale” tab, there’s a section called free. Click on that.3. The “free” section is where people list stuff they want to get rid of. Anything from an old couch or a desk to an extra TV or a set of dishes. Find someone with something they don’t want.4. Drive to the spot where they want you to pick it up (or take the bus if you don’t have a car).5. Take their thing6. Go back home.7. Take a picture of it.8. List it on a site like Facebook Marketplace or eBay (for “local pickup”)9. When someone buys it, give it to them.10. Start making a few hundred bucks on the weekends.Look, I’m already anticipating someone to come in and say “well, it’s going to take you 40 minutes to go pick it up, 40 minutes to get back home, and then 7 minutes to list it on Facebook Marketplace,” but here’s the thing, what are you doing with your time anyways?You’re watching the Spurs game.So, sure, it may take you 87 minutes to make that extra $20, but trust me, that’s a whole lot better than doing whatever it is that you’re doing otherwise.
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I'm interested in the (Indian) stock market. Where should I begin? I have no knowledge about it.
“Stock Market is a device for transferring money from the impatient to the patient”-Warren BuffettWhen you read these words by Warren Buffett,you actually realize why so many people lose money in the stock market.There are many reasons one of which is Being IMPATIENT.Trading requires patience which 90% of people lack and this is what creates volatility in the market.The second most important highlight for trading is KNOWLEDGE.Half knowledge is always dangerous.Never trade without having enough knowledge and never rely on a broker for providing you with knowledge.Anyone can teach you and make you understand how things work but it is your knowledge that you have to imply ultimately.Remember one thing-Stock Market is too vast & you can never have enough knowledge,you just have to keep learning more and more everyday.There are tons of options available these days from learning basics to trading.Just take each step at a time and be loyal with your learning.1.ZERODHA VARSITY provides free modules for beginners who wish to learn about stock market.They have explained each concept in a very easy to grasp way and any laymen can go through it.2.Investopedia newsletter subscription is another informative and easy way to learn.Informative because along with the lessons you also get news about the latest trending stock for the day plus Investing basics and many more perks.3.YouTube-There are tons of channels you can subscribe to namely,Trade Academy,Investopedia,Trade Hero,Moneybee,Stock Channel etc. Go through 5–6 videos to understand what is flexible for you and what can suit you.4.StockEDGE app can provide you with basic knowledge of Investing,Trading,Economic terms and many more.5.Khan Academy Videos.These were some of the suggestions which I have been using to learn myself but as I said above there are tons of other options too but you have to surf and do your research for that.After you have sufficient knowledge try virtual trading rather than actual trading.Learn Technical and Fundamental Analysis properly before beginning the actual trading process.Through Virtual trading you can have real time trading experience which will amp up your confidence.After going through all these steps you can open your DEMAT and trading account through any broker you prefer.The only two things you require while learning this great investing option is PATIENCE & KNOWLEDGE.Then you are good to go.ALWAYS LEARN BEFORE YOU EARN!!!Hope it helps.THANKS!!!
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As a startup founder of three years our legal housekeeping is a bit of mess, how can I best setup a system to organize and track
As a startup founder of three years myself, I can relate to how legal housekeeping can be messy. Once a year, I have our own lawyers go through and do an audit of all of our legal paperwork (which costs a couple thousand dollars to be extremely thorough, but it’s worth it). Luckily, there are now many ways to easily manage and track all of your legal, financial, and HR documents via third-party sites that specialize in these management proceedings. I wrote a blog post about this awhile back titled “5 Ways to Save Time Dealing With Documents” which highlights certain sites that can be very beneficial depending on what paperwork you’d like to track or manage. They are as follows:1. GroupDocsGroupDocs is a new, comprehensive online service for document creation and management. It has multiple features, including a viewer for reading documents in your browser, an electronic signature service, an online document converter, a document assembly service, a feature for comparing different versions of a document, and an annotation feature. An individual plan is $10 per month for limited storage and 500 documents, while a group plan for up to 9 people is $19 per user per month. Based on the number of features and pricing, GroupDoc is a good-value purchase for a small business. As you’ll see below, GroupDocs can be cheaper than a service that offers only one such feature.2. signNowWhen you’re closing a deal and need to get documents signed, the last thing you need is a slow turnaround due to fax machine problems or the postal service. The solution is to use an electronic signature service such as signNow, which is one of the most popular e-signature companies in the world. This service allows you to email your documents to the person whose signature you need. Next, the recipient undergoes a simply e-signing process, and then signNow alerts you when the process is completed. Finally, signNow electronically stores the documents, which are accessible at any time. As a result, you can easily track the progress of the signature process and create an audit trail of your documents. The “Professional” plan is recommended for sole proprietors and freelancers, and costs $180 per year ($15 per month) for up to 50 requested signatures per month. The “Workgroup” plan is geared towards teams and businesses, and it costs $240 per user per year ($20 per month per user), for unlimited requested signatures.3. signNowsignNow is another e-signature service. Similar to signNow, signNow allows you to upload a PDF file, MS Word file or web application document. Next, you can edit the document, such as by adding initials boxes or tabs, and then email them out for signatures. Once recipients e-sign the document, signNow notifies you and archives the document. signNow offers low rates for these services: a 1-person annual plan with unlimited document sending costs $11 per month. An annual plan for 10 senders with unlimited document sending costs only $39 per month.4. ExariExari is a document assembly and contract management service that assists in automating high-volume business documents, such as sales agreements or NDAs. First, the document assembly service allows authors to create automated document templates. No technical knowledge is required; most authors are business analysts and lawyers. Authors have a variety of options for customizing documents, such as fill-in-the-blank fields, optional clauses, and dynamic updating of topic headings. They also can add questions that the end user must answer. Once you send out the document, the user answers the questionnaire, and Exari uses that data to customize the document. Next, the contract management feature allows you to store and track both the templates and the signed documents. Pricing is based on the size and scope of your planned implementation, so visit their website for more information.5. FillanyPDFIt’s a hassle having to print out PDF forms in order to complete them. Fortunately, FillanyPDF is a service that allows you to edit, fill out and send any PDFs, while entirely online. This “Fill & Sign” plan costs $5 per month, or $50 per year. If you subscribe to the “Professional” plan, you can also create fillable PDFs using your own documents. With this service, any PDF, JPG or GIF file becomes fillable when you upload it to the site. You can modify a form using white-out, redaction and drawing tools. Then, you can email a link to your users, who can fill out and e-sign your form on the website. FillanyPDF also allows you to track who filled out your forms, and no downloads are necessary to access these services. The “Professional” plan costs $49 per month, or $490 per year.Switching firms can be a hassle. As a former startup attorney, I have a bit of advice about finding the right attorney for your business: it’s best to focus on the specific attorney you’ll be working with. He or she should have a solid understanding of the ins and outs of your business industry, a deep knowledge of the legal issues your startup may face, and previous work experience with startups to ensure a quality and efficient work product. This is absolutely key when matching our startup clients at UpCounsel to attorneys on our platform who can perform their legal work and hash out their legal projects in a timely manner. We also allow clients to store any and all of their legal documents directly on UpCounsel so they don’t have to go searching in alternative places for the correct paperwork. It’s proven to be a free and lightweight way to store legal documents that our clients love. Here's what it looks like:As I’ve mentioned, it’s more important to find the right attorney as opposed to the right law firm. And seeing as you’re a startup, our own startup clients typically save an average of 50-60% on their legal work, since the attorneys don't include overhead fees (a.k.a. the fees included for doing business with the firm itself) in their invoices.Hope this gives you a deeper look into what other sites and services are out there. If you have any questions or would like more information on how best to handle your legal housekeeping/ attorney matters, feel free to signNow out to me directly. As a former startup attorney at Latham & Watkins, I’d be happy to give you some guidance.
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How can I start an e-commerce business?
Let’s understand what are the key elements of an e-commerce store :Products - It can either be one focused product with various designs or a line of different products (Amazon, Flipkart, eBay etc).Logistics - Product shipping, returns, distribution, etcInventory - Number of products in stock, locations etcTech - Website / App or both.Payment Gateways - To accept payments.Customer acquisition - Marketing, branding, Sales.Customer care / service.Now let’s approach each element one by one.(a) Product is the most important aspect of an e-commerce business. What you are selling - How desirable is it? Who are you going to sell it to?I believe most of your products can be sold on already existent e-commerce platforms like Amazon, Flipkart, eBay, Etsy, Snapdeal etc. The best part about these platforms - They will handle most of the above mentioned features for you. You wouldn’t have to spend time on building a website or an app or on customer service.If not, these websites will be additional sales channels for your products. It’s always good to have more and more sales channels to increase SALES.(b) Logistics - Depending on your transactions per day/month, you’d want to partner with logistics companies which will take care of pick-ups/deliveries. They will not only handle that for you, but also inform the customer about the tracking code and provide APIs for your website to ensure a smooth order experience. Ex : Indian Post, FedEx, DTDC etc(c) Inventory : Unless you’re as huge as Amazon, you’d not need to have warehouses to store your products. Based on your sales estimates you’d want to keep your stocks. There are various softwares which will help you manage your inventory.(d) Tech : There are 2 ways to approach tech. Either use platforms like Shopify, woocommerce which are built for people who want to start e-commerce platforms .ORHard code the entire thing from scratch which takes up a lot of time and money. If I were you I’d want to go with Shopify or woocommerce. Both of pros and cons. You can choose one, based on your requirements.(e) Payment Gateways : Again, there are many companies which provide you with payment gateways and APIs. They will charge you somewhere between 2–5% on each transaction. Ex: Stripe, PayPal, Razorpay etc(f) Customer acquisition : The most important part for your e-commerce business. Customers will pay which will ultimately help you run the company. You’d want to know who to target for your products.You can use Facebook ADs, Google ADwords, content marketing, and so many more methods to acquire customers.(g) Customer care : There’s nothing better than word of mouth marketing, this happens only when your customers are super happy with your product and service. Depending on the volume of transactions you can either have an in-house team to handle customer support or outsource this to another company.Amazon is an extremely customer focused company. This explains why it’s growing everyday.PS : I believe using a platform like Shopify and woocommerce would be extremely helpful for you to kickstart you e-commerce business. They offer 1000s of extensions which can help you solve most of your operational problems - Track customer heatmap, track cart, email marketing, billing, analytics and what not.It’s even better to have additional sales channels. So list your products on Amazon and all other relevant e-commerce websites which can drive external SALES for your business.In the end, it’s all about learning everyday and improvising as you go. We learn so much more about our business everyday. Start small, focus on customer satisfaction, and you will be good to go.All the very best for your idea. Hope this helped.
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