internet

Making Sense of the Application Landscape

by Paul Joseph February 8, 2012 Featured

New year, new toys. Consumer electronics, that is. I’m just getting back and reflecting on CES (Consumer Electronics Show), the largest tech geek kickoff of the year. This year I got the chance to see the new consumer electronics and tech industry trends from three lenses: that of a journalist, an entrepreneur, and a marketer working with EachScape, an application creation and management platform. This year’s gadgets and exhibits confirmed the expansion of the tech market as a whole. This results in large opportunities in the application space, which is now trending well beyond smartphones and tablets. The result? The app landscape is becoming increasingly complicated to navigate. What is “App”lification? One of this year’s pre-show trend predictions from Shawn DuBravac, research director for the Consumer Electronics Association, was that we’re moving from “Amplification” to “App”lification. Amplification of a company or brand’s message used to be a top KPI (key performance indicator) in the digital space.  Now, content creators have the ability to use apps on a number of different screens in their audience’s life to create a robust and interactive user experience to share their story. In other words, “app”lification closes the gaps that historically have fallen between content creators and hardware or product manufacturers, resulting in a frictionless experience that seamlessly integrates with everyday life beyond just mobile phones. Emerging App Screens We are seeing the three-screen trifecta of the pre-tablet era disappear with more products being app-enabled than ever before.  This year, CES showcased everything from cars to toys to traditional household consumer electronics like refrigerators sporting screen interfaces with built-in apps.  With more screens becoming part of the daily user experience, there are an increasing number of creative solutions for entrepreneurs to consider for new products or extensions of existing products. So what does this mean for entrepreneurs? Fragmentation. Whether you’re creating an app that is your product and core business or you’re using an app to share content and market your business, you have multiple screens to take into consideration in your mobile and digital planning. You may decide that you need to have an application for every screen or that your target audience is primarily on one or two of the available screens. “Both on the business and technology front, fragmentation and mobile are two sides of the same coin. Fragmentation has many dimensions – the code (iOS, Android, HTML5 etc.), the type of screen (phone, tablet, TV), and the content format (video, photo, etc.).  At EachScape we are trying to help our clients solve the fragmentation problem by allowing them to create and manage across the entire landscape,” explained Ludo Collin, co-founder & CEO of EachScape. To minimize fragmentation, EachScape lets you create, customize and/or manage apps across multiple platforms.  As a marketer and entrepreneur, I found their solution to fragmentation issues to be the gem of their product. EachScape’s platform allows content producers with or without development skills to create highly customized applications that can be configured for the requirements of multiple screens, across iOS, Android, connected TV and HTML5. Browser Preference and HTML5 Apps Another emerging trend in the app space that assists with the fragmentation issue is the use of an HTML5 app, as Google opted to do with their iPhone app. They created an iPhone app that has limited functionality but gives the user access to many of their other products (Calendar, Docs, etc.) in their own HTML5 apps. In Google’s case, their iOS app allows users to have all their products in one place and then click a link out to the appropriate HTML5 app. In addition to iOS and Android users, we also see some users that still prefer using web browsers on blackberries and connected TVs. Apple’s operating system upgrade particularly encourages this type of user behavior by allowing you to save a web browser as a badge to your home screen. The Key Takeaways Expect to see more industry-wide collaboration and focus on the user interface in 2012. “App”lification is reducing barriers between content creators and manufacturers, creating a wealth of opportunity for entrepreneurs who want to get into or expand their presence in the app space. Lauren Perkins is the CEO and Founder at Perks Consulting , a full-service marketing agency specializing in the fusion of lifestyle and technology based in New York City. Read more about Lauren here .

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Unitus Seed Fund Launches with Three Social Enterprise Investments in India

by Paul Joseph February 6, 2012 Featured

New Unitus Labs Initiative Seeks to Accelerate Development of Innovative Startups Which Have the Potential to Significantly Benefit Families Living on Less Than $2 Per Day Seattle , WA and Bangalore, India, February 6, 2012  - Unitus Labs, an international non-profit focused on reducing global poverty through economic self-empowerment, is launching today the Unitus Seed Fund, a new seed stage venture fund that invests in Indian startup businesses with potential for large-scale poverty impact.  Unitus Seed Fund is also announcing its first three investments in Indian startups Bodhicrew Services, Hippocampus Learning Centres, and Milaap Social Ventures. “After a decade of helping accelerate and scale the Indian microfinance industry, we are excited to launch the new Unitus Seed Fund initiative in order to support development of more new pro-poor businesses,” said Dave Richards, CEO of Unitus Labs and Managing Director of Unitus Seed Fund.  “We are seeing a new group of highly capable and socially motivated entrepreneurs who believe that they can realize more wide-scale and sustainable poverty impact by operating as a business rather than as a non-profit.  The Unitus family of entities has always been willing to invest on the cutting edge of economic empowerment concepts and projects.” Unitus Seed Fund targets investments in companies meeting the following criteria: Businesses serving Indian markets Potential for scaled impact on 800 million people inIndialiving on less than $2 per day Strong, experienced management team Business developed beyond the concept stage Clearly differentiated value proposition Strategies to build effective distribution and marketing programs “Unitus Seed Fund addresses an important gap in the social impact venture ecosystem by funding and supporting businesses which are beyond bootstrap but not yet far enough along to receive growth capital,” said Vineet Rai, Founder and Chief Executive at Aavishkaar Venture Management Service and a pioneer investor for inclusive economic development inIndia. “If they can find and nurture more businesses to the point of readiness to scale rapidly, it will allow other social venture funds to focus on realizing the impact potential of these businesses.” “Unitus Seed Fund is providing a critical role as a supplier of very high risk, flexible capital to entrepreneurs who are trying to improve the lives of poor families in many important sectors including education, healthcare and livelihoods,” said Samit Ghosh, Managing Director at Ujjivan Financial Services and investee of Unitus Lab’s Unitus Equity Fund. “We received very valuable funding and management support from Unitus during our vulnerable early stages of our history.  Today, we are recognized as one of the best microfinance institutions in India providing financial and microfinance plus services to over million customers and their families across twenty states in India, thanks to our friends like Unitus.” Announcing First Three Seed Investments Unitus Seed Fund has made its first three seed investments — all in India — in three sectors: skill development and job placement services, affordable rural education services, and new areas of microcredit financial services. Bodhicrew Services:   Skill development for those working in the unorganized sector “We are very pleased to have Unitus Seed Fund as an investor in Bodhicrew because this is not only testament to our commitment to promote skill development of those working in unorganized sector in India but also to our business model and vision”, said Vivek Kaushik, CEO of Bodhicrew Services Pvt. Ltd. “With this investment from Unitus Seed Fund, we will be able to provide a truly integrated employment and skills services to the most disadvantaged in the labor market in a sustainable way.” Bodhicrew Services provides skill development for those working in the unorganized sector. Bodhicrew provides a complete domestic work solution to the rapidly growing middle class of India. Bodhicrew offers a one-stop solution to employers for an ethically sourced and well-trained workforce. To the workers, Bodhicrew offers technical training and guarantees safe placement and fair wages. It also supports legislative, administrative and policy changes which contribute to the employability, dignity, and welfare of the workers and their families. Bodhicrew is based in New Delhi, India. For more details on Unitus Seed Fund’s investment in Bodhicrew Services,  click here Hippocampus Learning Centres:   Improving learning outcomes for children in rural India “We are excited to have Unitus Seed Fund as a seed investor in Hippocampus Learning Centres because it vindicates our project, the first of its kind to provide affordable education services to remote rural populations”, said Umesh Malhotra, CEO of Hippocampus Learning Centres. “With this investment, we will be able to expand our reach into 100 villages, reaching out to more than 5,000 children and employing nearly 300 women by June 2012.” Hippocampus Learning Centres (HLC) believes that one of the sure shot ways out of poverty is education. HLC’s work focuses exclusively on the 700 million rural Indians with the aim of improving the learning of children. HLC establishes learning centres in villages offering preschool and after school programs to age groups from 3 years to 10 years with the aim of improving a child’s capacity to learn and do better in school. The fees at these centres are between Rs.60-Rs.100 (USD$1-$2) per month, which is affordable for poor families. The curriculum is centrally developed to cater to mixed age groups and is largely teacher facilitated. HLC hires woman from the local community as teachers, trains them to run the centres and provides them ongoing support. HLC intends to make these ongoing sustainable community enterprises and also achieve financial sustainability as an organization. HLC is based in Bangalore, India. For more details on Unitus Seed Fund’s investment in HLC,  click here Milaap Social Ventures :   Online platform to make microloans to India’s working poor “We’re excited to have Unitus Seed Fund as an investor in  Milaap  as they bring with them years of knowledge and experience in the microfinance and fundraising space,” said Sourabh Sharma, CEO of Milaap Social Ventures. “We look forward to their support and guidance as we try to help thousands of people get out the vicious cycle of poverty.” Milaap is an online microlending platform which enables anyone around the world to  lend money to the working poor  in India through the website  www.milaap.org . Milaap was founded in 2010 by a team of young and passionate entrepreneurs from premier institutions in India and Singapore. Milaap envisions a world where the poor are valued as dignified consumers, suppliers, and producers as opposed to mere borrowers. The loans aim to provide the poor with access to basic amenities including clean drinking water, toilets, education, renewable energy as well as income-generation opportunities. So far, Milaap has raised USD $200,000 for borrowers in various parts of India with 100% repayment rate. Milaap is based in Bangalore, India. For more details on Unitus Seed Fund’s investment in Milaap Social Ventures,  click here About Unitus Seed Fund Unitus Seed Fund is a seed stage venture investor in businesses which impact poverty.  Unitus Seed Fund identifies startups with strong entrepreneurial teams who have a mission to build large sustainable businesses which improve the lives of those living at the base of the economic pyramid (income of less than $2 per day.)  Unitus Seed Fund makes small equity investments and provides support to these social entrepreneurs to expand beyond their initial pilot to refine their business model and operations understanding to prepare for significant future growth and impact. Once solid progress has been accomplished, Unitus Seed Fund assists social entrepreneurs in raising growth capital to expand further.  Unitus Seed Fund is a project of Unitus Labs and is currently focused on the India market.  Unitus Seed Fund has offices in Seattle and Bangalore.  See unitusseedfund.com  for more details.

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Exploiting Innovation for market dominance: A case for Technology Startups

by Paul Joseph February 6, 2012 Featured

Government of India has declared this decade (2011 -20) as the “Decade of Innovations”. Manmohan Singh has promised to increase R&D spending from 0.9% to 2% of GDP by 2017. MSMEs are economic growth engines for developed and more for the developing country like India. With this notion, InnovAccer – an Indian Innovation Management firm collaborates with Yourstory.in to create awareness of Innovation and Intellectual Property amongst startups. Starting from today, InnovAccer will release one article every week for 20 weeks to help startups gear up to innovate in the right direction and protect intellectual property at its best. Anyone can run a business, but running a sustainable business depends on whether you provide cost advantage to the customer or present to them new innovative products or services. With fluctuating economy worldwide, cost advantage is no more a reliable strategy. Even China who is a master of providing cost advantage has initiated innovation strategies after rise in their labor cost. Multi-National Corporations have huge assembly lines and supply chains in process to release out a product within months, while startups have to rely on their innovative technology which is unique in the marketplace. Thus, Innovation and protecting that innovation is a key to sustainable growth of a technology start-up. Let’s shift our gears to economic advantages of obtaining a patent besides its value for exclusive right protection. Consider a scenario below, wherein figures represent cost of production. Company II is playing on cost advantage and ruling the market share. Now assume that company I obtained a patent. Whole market scenario changes from thereon. Company II and III have to give license fees to Company I and thus Company I has cost advantage over Company II and III. A company like company III which has neither cost or innovation advantage loses the race. While innovation company I always wins the race. Future posts will cover stimulating and resourceful articles on how to exploit patents to create & benefit your business and make it into a sustainable model. About InnovAccer InnovAccer (Innovation Accelerated) is an innovation management and acceleration company focused and dedicated to provide high quality innovation management services to accelerate every step of an innovation life-cycle. InnovAccer was founded with a vision of people in the fields of Intellectual Property, Business Innovation, and Technology to change and accelerate the creation of innovation ecosystem in India.  InnovAccer’s team comes from a varied background of engineers graduated from IITs, intellectual property specialists graduated from Franklin Pierce Law Center, USA, analysts, statisticians, and business innovation experts. Website: www . innovaccer . com

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Bullets for your valentine (Fired from the internet)

by Paul Joseph February 6, 2012 Featured

Bullet Points that might help you decide what to gift on Valentine’s Day We’d all want every day to be a Valentine’s day but reality always has an interesting take on things. This makes it mandatory for us to earmark a day for love. So, Valentine’s Day will always remain a day when hearts pound hard and so do the ring of the cash register (now replaced by data packets over the internet).  With only a week to go before V-Day, one must have a fair idea about what he/she would be turning up on the big day. Lovers will gift flowers and chocolates till the times we run out of cocoa or something goes terribly wrong with pollination but with the advent of the internet, there are a gazillion other things to spruce up your love life. Here are some of the options followed by the ever  green   red options. Players like Chumbak or a lesser known but equally interesting Shopo.in come with a unique offering for Valentine’s Day wherein they add a lot more meaning to a gift. Shopo has an interesting serivce wherein LoveGuru Aisha would be online in the evenings to suggest gifts.” We’re celebrating the season of love which started from January 20 and we’re seeing amazing response which was very much expected. Usually it’s a wee bit difficult for girls to find something for their men but we have a special offering this time around exclusively for men as well”, says Krithika Nelson, founder at Shopo. Deal sites like Vouchersmate also have an interesting offer. “Our Valentine catalog for 2012 is exclusive greeting cards collection with selected flower bouquets and range of gift vouchers from top brands, a complete gift box for everyone you love and care” informs Amit, Founder Vouchersmate. And if you for some reason you don’t believe in gifts, you can do something special like go for a desert making workshop! This, if you happen to be in Bangalore, can be done at Chaipatty. And if your hormones within have started whispering about how experimenting can ruin it sometimes, here’s a more conservative list. Flowers The world’s flower trade is pegged at $100 billion which makes it very easy to believe that the first thing that would crop up in one’s mind when one picture Valentine ’s Day is a red rose (and a heart). You can always get a red rose on any other day but if you’ve woken up too late, you would be lucky to find a rose stem which could signify the purity of your love. Be prepared and get your flowers before hand from the likes of FernsNPetals. A TOI report says the highest price that a rose could fetch was Rs 36 last year. But the quality of these roses which have been stored and treated for the special day (to fetch rosy prices) is contentious. In this age where every Romeo, Laila and Majnu knows about the buzzword- innovation, flowers don’t fit in the bill. it always works as an accompaniment,  but you need a plan A. Perfumes The market for perfume in India is huge now where a luxury mall can expect to do a sale of Rs 50000 on a normal day. And a well informed decision about a fragrance can definitely earn oneself some brownie points wherein the polished connoisseur part of you is to be showcased. There are a number of e-commerce companies like Perfume2order catering to this need where you can find perfumes from a Chanel to a Nina Ricci. Perfumes might burn a few holes in the pockets but it definitely mends the heart. Chocolates The chocolate market in India is Rs 2000 crore as of 2011 in which Cadbury has 70% and Nestle has 25% of the market share! But the dark horses (or the chocolates) in these race are the ‘home made chocolates’ which are no longer only made in homes but have a very high gift value. Many ventures including startups like Chocofthetown have special packages for Valentine’s Day which see huge business.   Lingerie A bold option but for a fast moving India, certainly a hot topic with e-commerce players like Zivame and         MyLace doing really well. The discounts for the Valentine’s season are as high as up to 85% which would surely be enticing. And the other plus here is that both the parties involved so this might be the option worth trying wherein both the parties would benefit. Zivame founder Kapil Karekar says, “We started the campaign in the third week of January and the response has been overwhelming!” Here is a compilation of the websites mentioned in the article (the list is solely an indicator to the possible service providers in the various segments): FernsNPetals  (MD, Vikas Gutgutia’s romatic story about finding FNP),  Perfume2Order ,  ChocOftheTown ,  MyLace ,  Zivame ,  Shopo ,  Vouchersmate  and  Chaipatty .  Hope you find the match for your match! – Jubin Mehta

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Did Online Marketing and Social Media Change 4 P’s of Marketing?

by Paul Joseph February 6, 2012 Featured

All MBA students, marketers, advertisers are taught the 4 (important) P’s of marketing. Invented in 1960s, these P’s have formed integral part of marketing education since then. All elaborate marketing plans for brands and businesses are (or were?) based on Price, Promotion,  Place and Product. But, with the growing influence of social media and online marketing, have these 4, well at least 3, P’s of marketing changed? Let’s look at each of those in this light: Price: This P of marketing says that you should price your products or services competitively across distribution channels. But do you really think you can do that when there are so many deal sites and comparison sites? Today, price is one of the major factors because of which consumers join social media sites – especially in case of travel. Aren’t companies forced to let the market decide the price? Additionally, with Internet, mobiles, social media, it has become very easy for consumers to identify inconsistency in pricing if you have introduced any. This can be very dangerous for the brand image because consumers will immediately find that out and even worse, talk about that more openly and to a wider audience. So Price can rarely be of marketing advantage. Promotion: With rising costs of traditional advertising and lack of ways for measuring effectiveness, many companies are turning away from costly advertising media like TV commercials or billboards. In past as well, many brands have succeeded without costly advertising and marketing. For example: With its umbrella marketing strategy, Amul spends only around 1% of turnover for marketing. When around 3.5% of revenue is being spent on advertising by fashion retailers, the popular Zara brand spends just 0.3%! Ferrari, the Italian sports car manufacturer does not spend a single penny on advertising space. They rely completely on special exclusive events, word of mouth and of course social media as their marketing weapons. Google started advertising only recently and Facebook also did not reach the valuation to the tune of $100B with advertising. But, with Internet and social media, word of mouth and forming a close connection with customers and users seem to be the key to promotion. Conventional promotion mechanisms are no more being banked on when the world has become such a smaller and well connected place with Internet. Place: Does place really matter in the Internet age? With so many online shopping sites, eCommerce sites, reviews and social shopping sites, aren’t consumers going on web for shopping? Most of the large stores like Shoppers Stop also have special offers for online buyers. I think, therefore, the ‘place’ parameter has seized to have significant place in the strategic marketing planning. Product: So we are left with last P –Product. ‘Product’ definitely has not have changed. No matter what you use for promotion, what price you keep and where you sell it – you got to have a great product. Yes, but one thing has changed. In this age of social communication and connection, you have to not only make products that meet the needs of consumers but also make them newsworthy. Today the verdict about product on social media reaches the consumer before the company’s advertisement. So make sure your product delivers the value beyond the expectations of the consumer. Users did not want an iPad until it was built but now they wonder how they lived without it for so many years. The key here is building great products, newsworthy products and enjoyable user experiences. I think Kotler’s conclusion “ The best way to hold customers is to constantly figure out how to give them more for less. ” holds very true – even today! : – )

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Siddhartha Das Studio; Connecting Through Culture

by Paul Joseph February 6, 2012 Featured

Siddhartha Das graduated as an Exhibition Designer from the National Institute of Design in Ahmedabad, and established his studio in 2002. He started the studio with his own money and is now looking to find a funder who shares his vision and realizes the commercial viability of the area he works in. Over 10 years, his Studio has led or collaborated on roughly 100 cultural projects in seven countries across four continents, on different aspect of planning, strategies and design for heritage, public, museum and other cultural spaces. The Studio maintains a lean core team of half a dozen cultrala and design professionals, that has built a vast network of professionals from across the country and around the world to innovatively conceive and design projects. It blends national with international, rural with urban, and youth with experience. The approach is to collaborate rather than compete. ‘ Siddhartha Das Studio ’ offers a wide variety of in-house expertise: spatial, graphic design, furniture, crafts, lighting, signage and brand design. All projects are dealt with from a systems design approach rather than a perspective of the area of design. The Studio and sometimes in his individual capacity, Siddhartha collaborates on roughly half of his projects with others from the world of arts, design and just about any area of life. This has brought designers, architects, curators and writers from Sweden, UK, Turkey,Spain, USA and Japan to come and work at the studio on stints ranging from 1 to 6 months. Some of his accomplishments include thescenography of Interior Space of the 18 th  century monument, Jal Mahal, Jaipur, Rajasthan, India; Curation & Design of a Film Museum,Guwahati, Assam, India;  One of nine international designers invited to submit concept design proposal for the ICRC/Red Cross Museum, Geneva, Switzerland; Curation & Concept Design of a public space (a Plaza) Monterrey, Mexico; and in Chiba, Japan;Curation & Design of Museum Exhibition: Indian Fans, Museum Rietberg, Zurich,  Switzerland; Co-Concept Designer of Exhibition: Encounters, Victoria & Albert Museum, London, UK; Curation & Concept Design Proposal for Museums: Museum on Transport, Children Museum on History of Delhi, for Archaeological Surevey of India; Heritage Signage & Furniture, Gateway of India, Mumbai; 19 th  century sites in Amritsar, Punjab; and  Chokelao Bagh, Mehrangarh Fort, Jodhpur, Rajasthan, India. Besides, they have also done Photography & design for the art book on Textile: Threads & Voices edited by Laila Tyabji, published by Marg, India and Photography Projects during Visual Arts Residencies in Canada & Japan. “I have been fortunate to receive a few grants and fellowships.” Says Siddhartha, “I am Nehru Trust, Charles Wallace and an AsiaSociety Fellow. I received artist and cultural grants from the Japan Foundation, Embassy of France in India, and the Fogo Island Arts Corporation, Canada. In 2009, I was awarded the Indian Young Design Entrepreneur and subsequently the International Young Design Entrepreneur at 100% Design, UK’s premier Design event by the British Council.” He goes on to say “Getting the International Young Design Entrepreneur Award was an important landmark in my professional life. YCEprovided me with a bouquet of rewarding experiences; I was fortunate to interact with my British counterparts, whose passionate approach to how they envisioned their work and studios was contagious.  Being able to show some of my work at the 100% Design inLondon, was equally enriching through various interactions. The Award money and the program helped find an enthusiastic collaborator in a Nick Rawcliff, an alumnus of Royal College of Art, London, to work with me and 35 other bamboo craftspeople in remote Tripura, to create products that found their way back to 100% Design in London. I hope my interaction with the YCE program remains a vibrant one and I look forward to contributing to it in any way I can.” He concludes. Follow the  Young Creative Entrepreneur Awards (YCE) on Facebook .

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TheWittyShit.com: Your Creativity Behind One-liners Goes Viral Here

by Paul Joseph February 2, 2012 Featured

For all you people out there, who can charm their way through, with a good sense of humour and a way better definition to ‘wit’, here’s a chance for you to get your words viral! Witcraft Marketing Private Limited, a startup by Apoorv Jain and Harsh Snehanshu, graduates from IIT Delhi, was launched in November 2010. They went on to launch their own web portal and named it thewittyshit.com .  Being next door neighbours in college was destiny’s way of bringing about the launch of this venture that currently caters to 25,000 active users. With the key ingredient being ‘your wit’, thewittyshit.com   gives you the perfect blend of a networking platform, branding contests, corporate clients, and an opportunity to get your one-liners merchandized and pitched across to ad-agencies to fetch you a humble share of your smartness in cash or kind. In an exclusive interview with YourStory.in, TheWittyShit (TWS) founders tell you how it all happened for them and how you could also make it happen! Hello guys… Tell us a little about yourself. Apoorv Jain :  I was pursuing B-tech in Civil Engineering at IIT Delhi. Harsh and I were next-door neighbours at college. We graduated in May 2011. I am currently working as the Co-founder and Director at thewittyshit.com , the HR head at NSS-IIT, Delhi Chapter and as the Advisor at Aahvahan, an initiative to reduce illiteracy. In the past, I have worked as the General Secretary at NSS-IIT, Delhi Chapter and have been the Marketing Coordinator of several organisations. Harsh Snehanshu: I was also pursuing B.Tech in the same college but in Engineering Physics. Like Apoorv said, we were next-door neighbours and that is how two people with similar interests came together. I was a researcher at the University of Glasgow and am presently the Co-founder and Director at thewittyshit.com . Apart from this, I am an author as Srishti Publishers and have authored two national bestselling books, namely Oops! I Fell in Love and Ouch! That Hearts. (From hereon, the conversation is presented without attribution to Apoorv and Harsh. Both their inputs are consolidated.) Nice! So an author and researcher and a marketing expert… How did you ever come to TWS? We started ideating in May 2010 and incorporated in November 2010. Both of us were in our final year at that point of time. We skipped our placements in order to take up this venture full-time and needless to say, it has been very rewarding so far. As founders, both of us have a writing background. With a dearth of avenues that incentivise the creativity behind one-liners, slogans, status messages and tweets, we started this portal with a goal of promoting and monetarily acknowledging the creativity of the common man. So for those still trying to figure it out, tell us what is TWS and what was the idea that led you to set it up? It’s a creative networking platform where people can submit their original one-liners, network with others equally witty and watch their one-liners go viral. The icing on the cake is, you get monetary benefits for the same! What could be simpler than writing just one line and being paid for it? TWS facilitates this by conducting literary branding contests for corporate clients, merchandising the submitted one-liners into products like tees and selling these punch-lines to ad-agencies. Humour is taking the lead above every other form of entertainment in India. Activity on social networks can’t be imagined without an access to humour. And therefore, our dedicated platform which caters to humour and wit by the common man solves the higher purpose of not only entertaining the masses but also promoting them to become witty, because it has got incentives on TWS. So what is the ultimate dream that you wish to achieve via your portal? We want to be the largest network of creative people across the globe. And while doing that, our aim is to cater to the  aam-aadmi  and letting him know that there is a platform where his creativity would be valued, recognized and if it’s good, even can make money for him. But can wit and one liners feed a business? How many people do you attract? As you know that the founders have a writing background. The basic idea was that there was no avenue that could incentivise little creativity of coming up with a one-liner, slogan, status message or tweets into anything more than a few likes on your status message. And therefore we started with this portal with the single goal of promoting and incentivising basic creativity of the common man. We think the idea has shaped pretty well. Our engaged community, corporate clients willing to try our brand and a database of over 10,000 one-liners bear testimony to that. Our reach is around 30,000 customers. But we have around 7000 active customers on our website. And where do you run your operations from? Before graduating from IIT Delhi, we used to operate from our dorm rooms itself. Currently, we have rented a 2BHK flat in South Delhi. We have converted one room into an office from where we operate. As founders, we are the only two full-time members right now. We have over 60 students associated with us (part-time) and around 5 full-time interns working with us presently. And how does this work from a business point of view? Initially, we concentrated on building an engaged community. Now that we have around 25,000 active users, our business model has shifted to conducting creative contests to cater to the needs of corporate houses, while outsourcing our pool of creativity. Besides that, we also conduct competitions at our end on current issues and work on sponsorships for the same. Tell us about some existing interesting features of your portal. Any additional features you want your viewers to look forward to? We have a daily feature of the ’Wit of the Day’. There is an achievers section which awards some of the wittiest users. We are working on introducing games on the website which would induce greater involvement. We are soon launching ‘FunZone’ where users are expected to come up with witty replies to specific questions asked by us.  Also, Wit-trophies are going to be introduced to award active users. What do you think sets you apart from other ventures like yours? Our USP is ‘originality’ and we exercise a regular check on that. Plagiarism is strictly prohibited. You host a lot of events on your pages? Let us hear more about that . We are very active on our Facebook fan page.  It’s the place from where we have kept our users engaged. We post a lot of interesting questions based on current affairs and induce healthy discussions around them. Tell us a bit about the market size that you are trying to capture via your website? We are trying to capture the janta active on Twitter and Facebook. We not only read about the contributors of creative content but also about the end consumers of this content. So the market that we are trying to target, pretty easily covers over 500 million people. How has the response to your portal been so far? Response has been decent, but not so spectacular. We are getting an average of around 5000 views/day but it keeps varying between 3000 and 10,000 views. We are launching a new design in a month and opening up the website for media consumption, following which we are expecting more views. Cool! So let’s have some figures … what is your annual turnover like? Currently, our turnover is around Rs. 24 lakhs. After investment, we project a turnover of Rs. 1 crore within a year. Do you have plans to spread to other realms too? How do you plan to scale up TWS in the coming years? We do plan to expand on verticals like photography and art but we wish to take it up one by one. Our main goal is to build a community where wit and humour is acknowledged and we intend to expand this community network first. Right now, we are pitching to investors. With the funding, we will be able to hire full time employees and our first target would be customer acquisition. We have a few marketing strategies in mind that could help me in reaching to a million users within six months of investment. Interested investors are welcome to reach us at  contact@thewittyshit.com We see that you have a Wikipedia page to your name now! Congrats! Where else have you been featured? Thank you. We were acknowledged with the iAccelerator award at IIM-Ahmedabad and People’s Choice Awards 2010 by YourStory . The prominent magazine Businessworld enlisted us as one of the Hottest Young Entrepreneurs of 2010 . We featured in major dailies like Mid-Day , Mail Today and Hindustan Times . Recently, we made it big on Yahoo. Earlier, we were just a network for people to post one-liners. Now we are into corporate branding and have conducted contests for over 15 clients. And before we close this, your signing off line would be… Believe in your dreams, dare to trudge on different paths. And making some wit happen.. If we had to put that as a one liner, then “Regular jobs are not going to make you Steve Jobs!” YourStory.in congratulates these two young chaps and their team on having achieved success already. We wish that their successes continue to multiply. You can sharpen your wit with them at www.thewittyshit.com Credits: Ankita Rajan and Rohit Rohan

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Want an online presence for your NGO? Cash strapped? Startup ngoFuel is here for you!

by Paul Joseph February 2, 2012 Featured

The last couple of years have seen a spurt in the number of entrepreneurial ventures initiated by fresh graduates or students. It is quite an encouraging sign, but most of the startup’s concentrate on technology or web services. A very small percentage of these student startup’s are inclined towards utilizing technology to benefit the society at large. ngoFuel is one such startup, which is a non-profit social enterprise. This Chennai based startup was conceived by four VIT (Vellore Institute of Technology) engineering students and a student from Lady Shri Ram College, Delhi. They launched ngoFuel in 2010 with the primary aim to gain meaningful work experience. “Apurv Agrawal and Saswata De founded nF in their third year of under graduation, decided to expand the team in early 2011. That is when various team mates with varied skills and ideas were added to expand the team size to 11” , clarified Ritika Gupta, Executive Director, ngoFuel. Within the first 12 months of the launch ngoFuel was able to attract a lot of attention and the founders have shunned all job offers to concentrate on ensuring that the start-up survives and grows. ngoFuel provides technology solutions to NGO’s (non-governmental organizations), especially those which are hard strapped for money. They provide services like web designing, web hosting and photography. These services are mostly provided free of cost or at a very minimal cost. ngoFuel also maintains a fortnightly e-journal called nF Spotlight, which features an in-depth coverage of one NGO. “ Our  blog ( e-journal) will cater to a bigger audience covering more aspects of social needs, showcasing skills of youth and a platform for all of us to be an interface to social needs” , says Ritika. They also dabble in graphic design, content writing, online brand management, social media marketing, et cetera. Apurv Agarwal, the founder and chief executive of ngoFuel, is also responsible for overseeing the designing of the websites. The content writing services are taken care of by Saswata Shankar De and Aditi Agarwal. Graphic designing and photography is done by P Shreyas and Siddhartha M. Saswata is also the COO (Chief Operational Officer). Since its launch ngoFuel has been approached by a number of NGO’s and this had forced them to temporarily stop accepting new projects. ngoFuel relies heavily on crowd sourcing in order to provide these services at the nominal rates they do. “ The founders recognized it in the beginning and that is when they decided the business model to sustain on “crowd sourcing”, seeing huge potential in the youth of various universities. In fact, this helped us to get some of the very best interns to work on dedicated projects and create a wide spread reach in India in a small span of time” , adds Ritika. The initial interaction with the NGO’s is handled by founders, but the actual work is done in combination with a number of volunteers, who contribute towards the project at hand. It is a win-win situation for both ngoFuel and the volunteers, most of whom are students. For the students it is an opportunity to work on a live project and gain some experience, which is a great addition to their resume. This allows ngoFuel to provide professional services to the NGO’s at a fraction of the original cost. “ We have team of 18 undergrads working with us catering to our requirement of managing, web developing, graphic designing, content development at personal level and filling the void of our interns when needed” , says Ritika. Many of the volunteers could also be future entrepreneurs and working on a project with ngoFuel allows them to meet new people and build contacts. It also makes the volunteers feel they have achieved something, which improves their self-confidence. The volunteers who have worked on a project with ngoFuel in turn act as ambassadors in their colleges and universities, thereby drawing the attention of more students towards ngoFuel. In the immediate future ngoFuel is planning to register itself as a trust, which will enable them to give out an internship or voluntary work certificate. The founders want to be part of ngoFuel in the long-run, at least on a part-time basis. They are working on increasing the revenue to a certain level, which will enable ngoFuel’s sustenance as a full-time business. The strategy they have in mind is to increase the volume of projects as they do not want to charge NGO’s higher. A very miniscule percentage of registered NGO’s in India have an online presence. So the potential for ngoFuel to grow is huge. ngoFuel has worked with more than 25 NGO’s till date. They hope to work with over 200 NGO’s year-on-year in order to make the enterprise viable. Over 250 volunteers/interns have been signed up by ngoFuel. A recent showcase of the top 30 student start-up’s in India by the National Entrepreneurial Network (NEN) featured ngoFuel. Their business plan was also rated to be one of the top 10 Social B-Plans in India by SRCC, Delhi. ngoFuel recently re-launched their site, with a more user-friendly interface, in order to reach out to a larger audience. Check it out here .

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Oops! Common Mistakes Young Entrepreneurs Make on Their Websites

by Paul Joseph January 16, 2012 Featured

As a businessperson, it’s understood that website traffic is one of the biggest factors in your success.  Making sure that search engines find you and push customers to your site is of utmost importance.  The real question, however, is what happens when people land on your page? Getting prospects to your site and converting them into customers are two different things.  If people have made it your website, it’s your duty to keep them interested.  A professional, well-designed website will build their trust in your brand and make them take action.  Unfortunately, there are a lot of turn-offs that may be running rampant on your website right now, if you’re like most first-time site builders. Here are the five most common mistakes that should be avoided and/or fixed: 1. Building a Flash website. Flash looks, well, flashy, but it’s not business-friendly.  About 40% of users will be unable to view a Flash website because many hosts will disable Flash to decrease spam advertising.  If a visitor can’t see your content, your site is essentially useless. Search engines likely won’t even drive people to your site based on your Flash content since the information embedded in Flash cannot be read.  Flash is high-maintenance, and after all your hard work, you may not be able to even pull accurate website reporting on any of your Flash-driven pages or sites.  All in all, Flash is not worth the time you’ll put into it. 2. Having a weakly defined brand. Your website needs to convey a strong sense of your company’s brand.  Good graphics and a harmonious design are visually appealing.  Your logo should be right in the banner, and people should quickly be able to determine what you do and who you are.  An emphasis on information, rather than sales pitches, lends credence to your brand. What doesn’t have a positive impact on your brand?  Fuzzy graphics, blurry fonts, and loud colors all hurt your image.  Each of these items is an eyesore, and most prospects will view these details as the trademarks of a fly-by-night company.  Invest time and effort in making your image match your expertise. 3. Lacking a Call-to-Action message. Calls-to-Action specifically communicate with your clients.  These links direct people to take action (“Contact us,” “Post a comment,” or “Buy now!” are common examples).  It eliminates any confusion on your visitors’ parts, and it also compels them to do something rather than passively read. Determine the cohesive message your Calls-to-Action will communicate.  You should be targeting your audience so you’re pulling in the people who will most benefit from your services or products.  Don’t ask visitors to do something that doesn’t help meet this end goal. 4. Hosting third-party ads on your site that have no relevance. Allowing third parties to borrow real estate on your site isn’t the mistake here – having ads from companies that may enhance your product, or meet an additional need for your customer, is great.  It elevates your standing in your clients’ minds, as they begin to brand you by association. The mistake is bombarding your prospects with advertising that feels random.  If it has nothing to do with their interests or business needs, they’re wondering why you would offer it to them.  This lets them start questioning your motives, your expertise, and your financial standing as a company.  Don’t start that line of thinking. 5. Running a one-man show. As an entrepreneur, it’s your business to know your stuff.  But just because you’re an expert on one thing doesn’t mean you can handle every aspect of your company solo.  Having a website built by one person who’s dabbling in web design is easy, but it’s not efficient for maximizing your business prospects.  You’ll want your site to be clean and accessible, even for your mobile visitors. A designer who isn’t well-versed in all aspects of website construction likely won’t understand the disadvantages of lacking compliance with web standards, or not employing SEO.  Ensuring your site is w3c-compliant will go a long way as far as your maintenance and professional signature go.  The problems caused by not optimizing SEO are fairly obvious: search engines won’t find you, and therefore, clients won’t either.  Let someone who understands keywords, meta tags, and the like build your site. An example of a great website, designed by a young start-up that doesn’t make these five mistakes, can be found at www.brokensellphone.com .  This is a professionally designed site with a strong, unique brand.  It’s content-managed and very easy to navigate.  The site hosts quality content, all of which describes the business and the services offered. Conveying a strong business image and providing the right information to convert your prospects is essential to your company’s growth.  You may be a rule breaker in your approach to the business world, but don’t break these five rules when building your site.  Your bottom line, and your visitors, will thank you. Hassan Bawab is the founder and CEO of Magic Logix , an interactive digital marketing correlation that combines dynamic website development, professional website design, SEO and integrated online marketing, to drive new leads with high conversion.

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Millennial Branding on How Gen-Y is Using Facebook

by Paul Joseph January 12, 2012 Featured

Check out the infographic! Here at Young Entrepreneur, we have always said that “young” is more a state of mind than a number. We know that entrepreneurs in their 30s, 40s, 50s, and beyond read and participate on the site, and that’s exactly what the YE site is for – all entrepreneurs with a young entrepreneur spirit. If you’re between the ages of 18 and 29, in addition to being young in years, you are a member of what’s known as “Gen-Y.” And as a member of that generation, you’re likely to use Facebook for personal as well as professional purposes. In fact, you make up a significant piece of the 750 million+ Facebook users worldwide. A new study, conducted by  Millennial Branding , sought to find out just how Gen-Yers are using Facebook. To do so, they looked at more than 50 million Facebook data points, compiled by  Identified.com . I’m sure you’ll agree that the results were quite interesting. For example, the study showed that although Gen-Y users primarily use their Facebook profiles for socializing with family and friends, they often use Facebook as an extension of their professional personality as well. So, what does any of this mean to young entrepreneurs? Beyond being interesting, Dan Schawbel, the Founder of Millennial Branding, a Gen-Y workplace expert, and author of Me 2.0 says… “Gen-Y needs to be aware that what they publish online can come back to haunt them in the workplace. Gen-Y managers and co-workers have insight into their social lives, which could create an awkward workplace setting or even result in a termination.” And from the standpoint of entrepreneurs, you can apply the same concerns when dealing with potential investors, partners, and even those you plan on hiring. This infographic breaks down the study results. To see it full-size, just click the image: About Millennial Branding: Millennial Branding is a full-service personal branding agency located in Boston, MA. Millennial Branding delivers online branding strategies for individuals who are looking to stand out and achieve career and business success.  Millennial Branding creates strategic marketing plans, custom website designs and runs PR and social media campaigns for companies, authors and entrepreneurs. Data and analytics provided by: Identified.com is a data and analytics company that professionally interprets your Facebook network and provides ranking and relevance to the network with the Identified Score. Identified helps users understand how they professionally compare to others and provides Facebook recruiting solutions to social employers. See how you professionally rank against your peers with with  Identified.com . Adam Toren is an Award Winning Author, Serial Entrepreneur and Investor. He Co-Founded YoungEntrepreneur.com along with his brother Matthew. Adam is co-author of the newly released book: Small Business, Big Vision: “Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right” and also co-author of Kidpreneurs .

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