Here's part two of my recent article about the explosive growth opportunities available online to Indian entrepreneurs.
Recently published in two parts on Himanshu's Thoughts Prevail blog from Bangalore, India, below is the second half of my recent article "Internet Riches for Indians".
Internet Riches for Indian Entrepreneurs - PART TWO
... (continued from Part One - which you can read here...)
... greater literacy in English, Indian entrepreneurs can continue to capture a greater share of English-speaking customer dollars than entrepreneurs from other countries like China.
This linguistic advantage is important because it allows Indian startups to:
- Compete on a global basis by more easily marketing their e-commerce products and services outside of India into affluent English-speaking markets worldwide,
- Take advantage of proven e-commerce platforms from the U.S. for use in India. Services like Google’s Adsense, Paypal, eBay, Café Press, Elance, and many others are all available to English-speaking Indian entrepreneurs today, at least for imitation and research if not outright deployment in Indian markets,
- Access the huge amount of technical and strategy information available in English online. Many of the most important lessons learned by American entrepreneurs are well documented online and often available for free. This expertise includes technical documents, the U.S. Patent Office libraries, community forums of all sorts, and even thousands of free email newsletters and e-courses (like those I offer at ScottFox.com) that teach many of the e-business revolution’s tactical innovations for free.
5. Anyone Can Play Online: Perhaps most exciting about the E-Business Revolution is the liberation of the creativity of “non-traditional” entrepreneurs. With little capital required, low risk, and worldwide reach, the World Wide Web offers economic opportunity to a wider class of people, including the disenfranchised, the physically disabled or house-bound, and lower socio-economic classes, than ever before in history.
Particular opportunities are emerging to serve youth markets (with more than ½ of the Indian population under the age of 25), and women (only 23% of Internet users in India are female), for example. As previous online innovations like eBay, YouTube, Facebook, and Craigs List have demonstrated in the U.S., it’s difficult to predict how new platforms for commerce and communication can empower people.
Today e-commerce’s egalitarian approach to allowing participation and making money is increasingly available to inspire bursts of creativity from Indian entrepreneurs. Additionally, it’s easy to foresee dramatic advances, including the establishment of new billion-dollar companies dedicated to serving the unique needs of previously underserved sectors of Indian society.
Increasingly, the only entry requirements into the race for internet riches are a broadband connection, creativity, and some hard work. As discussed in my book, Internet Riches, and with free updates by email from my blogs at ScottFox.com, I look forward to helping nurture this coming tidal wave of achievement too.
I am excited to see the innovative, profitable, and inspiring ways that Indian entrepreneurs of all kinds will find to respond to the opportunities offered by the e-business revolution.
-----
Please visit the Thoughts Prevail blog from Bangalore, India for more coverage of the exciting startup world of today's India.
Any Indian entrepreneurs reading this? What do you think of the points I make above?
Am I being too optimistic or not optimistic enough? Please comment!
Indian Internet Riches - Part Two
Here's part two of my recent article about the explosive growth opportunities available online to Indian entrepreneurs.
Recently published in two parts on Himanshu's Thoughts Prevail blog from Bangalore, India, below is the second half of my recent article "Internet Riches for Indians".
Internet Riches for Indian Entrepreneurs - PART TWO
... (continued from Part One - which you can read here...)
... greater literacy in English, Indian entrepreneurs can continue to capture a greater share of English-speaking customer dollars than entrepreneurs from other countries like China.
This linguistic advantage is important because it allows Indian startups to:
- Compete on a global basis by more easily marketing their e-commerce products and services outside of India into affluent English-speaking markets worldwide,
- Take advantage of proven e-commerce platforms from the U.S. for use in India. Services like Google’s Adsense, Paypal, eBay, Café Press, Elance, and many others are all available to English-speaking Indian entrepreneurs today, at least for imitation and research if not outright deployment in Indian markets,
- Access the huge amount of technical and strategy information available in English online. Many of the most important lessons learned by American entrepreneurs are well documented online and often available for free. This expertise includes technical documents, the U.S. Patent Office libraries, community forums of all sorts, and even thousands of free email newsletters and e-courses (like those I offer at ScottFox.com) that teach many of the e-business revolution’s tactical innovations for free.
5. Anyone Can Play Online: Perhaps most exciting about the E-Business Revolution is the liberation of the creativity of “non-traditional” entrepreneurs. With little capital required, low risk, and worldwide reach, the World Wide Web offers economic opportunity to a wider class of people, including the disenfranchised, the physically disabled or house-bound, and lower socio-economic classes, than ever before in history.
Particular opportunities are emerging to serve youth markets (with more than ½ of the Indian population under the age of 25), and women (only 23% of Internet users in India are female), for example. As previous online innovations like eBay, YouTube, Facebook, and Craigs List have demonstrated in the U.S., it’s difficult to predict how new platforms for commerce and communication can empower people.
Today e-commerce’s egalitarian approach to allowing participation and making money is increasingly available to inspire bursts of creativity from Indian entrepreneurs. Additionally, it’s easy to foresee dramatic advances, including the establishment of new billion-dollar companies dedicated to serving the unique needs of previously underserved sectors of Indian society.
Increasingly, the only entry requirements into the race for internet riches are a broadband connection, creativity, and some hard work. As discussed in my book, Internet Riches, and with free updates by email from my blogs at ScottFox.com, I look forward to helping nurture this coming tidal wave of achievement too.
I am excited to see the innovative, profitable, and inspiring ways that Indian entrepreneurs of all kinds will find to respond to the opportunities offered by the e-business revolution.
-----
Please visit the Thoughts Prevail blog from Bangalore, India for more coverage of the exciting startup world of today's India.
Any Indian entrepreneurs reading this? What do you think of the points I make above?
Am I being too optimistic or not optimistic enough? Please comment!
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