{"id":1042,"date":"2016-06-19T13:59:04","date_gmt":"2016-06-19T13:59:04","guid":{"rendered":"http:\/\/www.vocso.com\/blog\/?p=1042"},"modified":"2024-07-09T08:40:11","modified_gmt":"2024-07-09T08:40:11","slug":"9-things-you-need-to-educate-yourself-with-before-you-budget-your-website","status":"publish","type":"post","link":"https:\/\/www.vocso.com\/blog\/9-things-you-need-to-educate-yourself-with-before-you-budget-your-website\/","title":{"rendered":"From a Website Illiterate to a Savvy Entrepreneur – 9 Things You Need to Educate Yourself With Before You Budget Your Website"},"content":{"rendered":"
<\/div>\n

As an entrepreneur, we usually get overly excited when we learn about some new startup getting coverage in the media because of the huge funding they have garnered suddenly. It\u2019s interesting to note that every 9 out 10 startups are using the internet and web technologies in the one way or the other to reach out their customer base. Another interesting fact is that, majority of these funded startups flourishing online are either IITians or IIMs. Wait what???… IITians and IIMs only? <\/span><\/p>\n\n\n\n\n\n

According to an article on <\/span>yourstory<\/span>, more than 60% of the Series A funded startups in India have founders from IITs & IIMs ( and to keep the madness within the acceptable limits, we will ignore the facts that they all are males ). And few exceptions who made to the list are seasoned entrepreneurs who have been there, done that.<\/span><\/p>\n\n\n\n

Why is it that only these fellows are doing so great? Why the traditional business owners and entrepreneurs from different academic background majorly fail at this? What is it that they are doing that others can\u2019t figure out?<\/span><\/p>\n\n\n\n

Now the question arises, is it necessary that you need an IIM or IIT degree to have a successful web business in this age? Well this is a little disheartening. The bad news is you can\u2019t afford to burn some more years to get such a degree from a pedigree university. But the good news is, there are ways you can still build a successful online business with huge bottom line.  Every funded startup does not necessarily mean they are going to be successful and profitable.  Here is a an article on <\/span>techinasia<\/span><\/a> with a list of some startups who failed despite crazy funding they received. While there are several reasons, what I want you to know is, it\u2019s okay if you\u2019re not from a pedigree university and you don\u2019t have VCs queued up for you with the cheque books in their hands.<\/span><\/p>\n\n\n\n

Let\u2019s step back a little and recall the core mission of your startup. Possibly you\u2019re trying to do one of the following…<\/span><\/p>\n\n\n\n

  1. Solving some real world problems by your innovating product<\/span><\/li>
  2. Providing a technology service that improves productivity.<\/span><\/li>
  3. Building a niche aggregator platform<\/span><\/li><\/ol>\n\n\n\n

    … or something else that offers some value, productivity enhancement, cost saving or may be something that entertains the target group.<\/span><\/p>\n\n\n\n

    The most important aspect of any successful business will be to provide value to the target customer in the smoothest possible way and make them smile and not leave them scratching their heads. Attracting growth and generating money in the process will be a no brainer.<\/span><\/p>\n\n\n\n

    Let\u2019s try and decode the steps to building the base for successful online businesses. Let\u2019s face it, no matter how good your product, service or idea is, you need to translate this accurately into your website. In a business that heavily depends online, you need to see your website as your biggest sales person. Someone who is constantly talking to your prospects and trying to convert. If you knew and did a few things right in beginning, no matter what the fate of your business will be, I would like to assure you, you won\u2019t blame your website for the failure. <\/span><\/p>\n\n\n\n

    \n
    \n

    Table of Contents<\/p>\n<\/span><\/div>\n