E-commerce a boon for the startup and entrepreneurship sector

The startup and entrepreneurship industry is flourishing in India. It has become the talk of the town. Many start-ups have cropped up due to the increasing use of internet and the growth of eCommerce sites. My Big Plunge too is an online platform that focuses on this sector.

The sales of eCommerce are growing continuously. A report by marketing research firm e Marketer has analyzed that the eCommerce sales which were of $14 billion in 2015 is expected to increase to $55 billion by 2018.

It is interesting to know that the eCommerce sector or the online shopping portals initially started out only by selling books. Today, this has transformed itself and has become a multi channel platform that offers anything and everything.

A research report by the Internet and Mobile Association of India, it is the electronics sector which has gained maximum popularity in the Indian eCommerce sector. This sector accounts for 34% of products sold online. This is followed by Apparels and accessories at 30%, Beauty and Personal 10%, Books 15%, Furnishing 6%, Healthcare 3% and Baby products 2%.

However, the sector is not tied down only to these categories. It is constantly re-inventing itself and new product categories like grocery, hygiene, and healthcare are also gaining prominence.

The popularity of online shopping is immense because of many factors such as convenience. People can now sit at home and shop. What is even better is that online shops now have features such as cash on delivery or return and exchange and may other features.

A lot of indian startups are also using the eCommerce platform to solve many issues. Now there is also the provision of professional services via the internet. Food delivery has become easier and faster. The world is revolving around e-commerce. My Big Plunge is intrigued and very interested in the eCommerce and the start-up and entrepreneurship sector and is committed to sharing its development with the world.

Important things to remember before entering the startup and entrepreneurship eco-system

My Big Plunge, a leading online magazine covers startup and entrepreneurship in India. The magazine is determined to share the stories of all the people who have the courage to start their own ventures.

Here we would like to talk about a few of the important things that a person should keep in mind while starting their own start-ups. While an entrepreneurs risk taking capacity and idea for a startup are important. There are also a few other things that need to be kept in mind. 

Here are a few of them.

One of the most important things for success is timing. It is for this reason that the launch of a product has to be done in the right time and the right moment. There are many things that a person has to consider before launching a product. One has to think of friends and family and any other commitments etc. However, you  also have to keep the market in mind and launch your product at a time when the market is ready to accept the product. After all, how the market accepts your  will  determine your future.

When you think of starting your business, you have to plan your capital in such a way that you are always able to manage it well. Estimation and budget planning is very important before starting a business.

Right before starting your own Startup, you have to brush up on your management skills because first you need to hire the best people for the job. You will also have to manage various roles when you start your own venture and therefore it is important to brush up on your management skills.

One of the most important things that you have to keep in mind is getting your customer’s attention. Make sure your services are good. One of the main things that attract customers are good service skills. Customer service should always be a priority. An entrepreneur has to have the ability to network with the right kind of people.

My Big Plunge, an online platform keeping up with Indian entrepreneurs

The Indian entrepreneurial growth story is a hit. With each passing day people are leaving their jobs to follow their dream. Indian entrepreneurs are making waves across the globe and pushing the envelope.

From groceries to plumbing to health queries, every sector has been touched by the entrepreneurial wave. People with good ideas who realize there is a gap in the market are filling it up fast with superior services and great customer base.

The success stories are many. But it is the media who is adding to this success by spreading these stories which in turn are inspiring others to follow their dreams. My Big Plunge is a leading online platform that is focused on Indian entrepreneurs.

My Big Plunge besides keeping you updated on all entrepreneurial news through articles and listicles, it also does video testimonials and documentaries of entrepreneurs who have made it big.

The idea is to tell these stories from the horse’s own mouth so that all the people out there, who are scared or intimidated by leaving a job behind and starting their own ventures, are inspired by these stories. My Big Plunge believes in Indian entrepreneurs and the leap of faith it takes to jump into an exciting and new journey.

India, over the last decade or so has seen a huge growth in the entrepreneurial ecosystem. A NASSCOM and Zinnov Consulting report titled “Start-up India—Momentous Rise of the India Start-up Ecosystem” which was released in October 2015, shows that the youth in India is on an entrepreneurial journey. India in fact has become the third largest start-up ecosystem globally. There are 4200-4400 technology-driven product start-ups established so far. By the end of this year i.e. 2015, the funding which was $2.2 billion in 2014 is expected to rise to $4.9 billion.

Also, the entrepreneurial scenario is being driven by the youth with 72% of startup founders being below 35 years old. By the looks of it, this trend will continue to grow and My Big Plunge will continue to keep you updated with the Indianentrepreneur sector.

My Big Plunge plays a crucial role in stimulating the start-up ecosystem of the country

The latest trend shows that an increasing number of students who have just completed their graduation are giving up offers from big companies as they are more interested to work with start-up companies. With advanced technologies, market demand and enormous funding the start-up industry is blooming fast in our country. Hence individuals are leaving their lucrative jobs to start their own ventures. The business minded government of India is encouraging this start-up ecosystem as it has the potential to contribute in the overall economic growth of the nation and job creation for youth. Not only the government of India, media is also playing crucial role in stimulating this start-up industry by featuring stories about the services or products of these companies so that people get to know about these.

Launched in 2013, by Ashutosh Bhattacharya, My Big Plunge is a portal which covers several articles, features about these enterprises and interviews of big entrepreneurs who have already created names for themselves in the industry. Several documentaries highlighting the entrepreneurial journey of entrepreneurs are also seen on the website. People can watch the videos of PressPlay, OlaCab, MayMyTrip, CashKaroetc on the YouTube page of the website. Women entrepreneurs can also be encouraged by reading the interviews of ePsyClinic Founder ShipraDawar and PMR CEO AakankshaBhargava who have spoken about their journey along the challenges that the women entrepreneurs mostly face in this male-dominated industry while launching their business. My Big Plunge has made itself unique by giving attention to the social entrepreneurship of the country. It has presented an interesting video of ‘Goonj’; founded by Anshu Gupta and his partner Meenakshi Gupta, this organization is the provider of proper clothing in the rural areas of India. The organization was also involved with the relief efforts of Bihar flood, Assam flood, Uttarakhand flood, Chamoli earthquake etc. The portal has brought out a special video which showcases the story of a ‘Chaiwallah’ LaxmanRao, who in true sense sells tea near the ITO area in Delhi and also has written more than 20 novels and plays. His himself publishes and distributes his books. Some of the books, written by Rao are available at the Delhi Public Library and many school libraries.

My Big Plunge is truly a unique portal as it also focuses on the cultural aspects of India. Recently, it has featured an article about the different colourful autumn festivals of the country. The story has named 5 important festivals like DurgaPuja of Kolkata, Aranmula Boat race of Kerala, Ladakh festival of Leh, Mysore Dasara festival of Mysore and Navratri festival of Ahmedabad; the portal suggests that people should attend these festivals at least one in their lifetime in order to understand the diverse culture of the country.

In order to boost up the newcomers of the industry and promote the already existing enterprises, My Big Plunge is expected to bring more and more interesting start-up stories, videos and interviews on their website which will definitely help people becoming more enthusiasts about the growing start-up ecosystem.

My Big Plunge supports the talented and courageous individuals

According to some reliable sources, it is reported that there are above 3,100 start-ups in India this year and by the end of 2020, more than 11,500 enterprises will be present in the country. India is witnessing entrepreneurship revolution which is helping the country to achieve overall economic growth and increased employment opportunities. Countless individuals are leaving their corporate jobs and taking the plunge to launch their own ventures. Today, India has huge number of successful start-ups which have employed innumerable talented and innovative employees.

Moreover the role of Indian media is also crucial as they have taken almost all the responsibility to promote this start-up ecosystem. People are becoming more and more interested to know about this new industry because of this active role of media. Founded by Ashutosh Bhattacharya, My Big Plunge is a website that aims to cover all sorts of news articles, feature stories related to start-up industry and interviews of the big names of the industry. The most interesting and unique part of this website are its brilliant documentaries which showcase the entrepreneurial journey of talented entrepreneurs. Popular start-up companies like Ola cabs, Naukri, Health Kart, Happily Unmarried, MakeMyTrip, Press Play, ePsyClinic have already been featured on the website. The videos can be watched on the YouTube page of the website.

My Big Plunge recently got tied up with The Economic Times and the portal has recently presented a video of Grey Orange, a Gurgaon based start-up which provides automated solutions for warehouses and other retail-related spaces. In conversation with My Big Plunge, founders of Grey Orange, SamayKohli and Akash Gupta have spoken about the journey of their company and their future plans to expand the business.

MyBig Plunge has also published an interesting interview of AmitBhatiani, who has invested in the travel entertainment start-up Press Play. In conversation with My Big Plunge, Mr Bhatiani has spoken about the current needs of the start-up industry in the country and how the industry is going to take shape in the near future.

With Prime Minister NarendraModi taking all important steps to boost up the entrepreneurship of the country, media is also doing its bit to promote the start-up culture in the country. Established in the year 2013, My Big Plunge is totally dedicated to give a wide platforms to these entrepreneurs who have the courage to break the conventional career path and take up the challenge to do something of their own.