The site indeed looks very well done and they have fantastic collection of short and long excursions.. But why did then only raise 1.25 crores of funding…. At a revenue of 3 crores, it should be valued at 15-20 crores atleast.. What is the interest of investor in holding less than 10%…??… Or is the valuation very less because bulk of revenues is coming from B2B…??
Limeroad enables users to create their scrap book in which they can add the items they like. They can later share the scrap book with their friends on the social network and they get a commission on the sale of items initiated through scrape-book.
So it is, Social Referral Marketing, where the company gives incentive to users to market their product to other users…. very much similar to the existing MLM marketing popularized by Amway, but it utilizes the power of social network and also users need not buy items and become a member to start selling/promoting..
Also interesting is that Referral marketing on internet is moving from Site referral to item level referral. How would Limeroad ensure that every user gets the incentive based on his selling effort… eg. he only gets incentive for item A bought by users in his social network… ..
This is a very interesting post on Entrepreneur magazine which says that Entrepreneur feels like kids and are inquisitive. Here is the complete link
The article says….”Entrepreneurs tend to act like kids in a candy store. Nothing is off limits, everything is for the taking, and their inquisitiveness is as infuriating as it is contagious. When I asked Guide’s COO, Leslie Bradshaw, to describe how she thinks, and why she prefers the entrepreneurial approach to life, she responded without skipping a beat”
That made be think, if that is the case why we do not see too many Kidpreneur.
What I googled post that is interesting..
Kids Turned Enterpreneur
Couple of organizations working towards making Kidpreneurs..
KidPreneurs – It is a training organization and had books and shows for kids
Kidworth claims to be able to allow kids to start a business in just minutes. This timeframe doesn’t seem to take product development into account, but the company’s platform streamlines the organizational requirements of running a business and leaves the burgeoning CEOs to focus on their products and services.
Kidworth has over 24,000 users, according to the company. It was founded by Rudy DeFelice, a former corporate lawyer turned tech start-up entrepreneur.
There is quite a bit of action in Online Real Estate space lately. While, the Indian market still remains largely driven by Newspaper Ads and Brokers, Housing.co.in has decided to venture into US and other Asian countries… And they have spent a whooping $1 million to buy Housing.com domain and special number in US.Housing.co.in to expand in USA
That’s a pretty bold move given that the big daddy Zillow.com is also only present in USA. All the best to Housing.co.in team!
From the consumer perspective I believe that, one needs to crack the dis-intermediation by eliminating brokers from the value chain. Housing.co.in model actually helps brokers to list properties for free, whereas the consumer needs broker-free market-place. Isn’t easy though.. Read this Why Zillow, Trulia and Redfin haven’t killed the real estate broker?
With interesting e-commerce/ online startups springing everywhere, I wonder why nobody is thinking of online only FMCG brand.
Cracking the distribution has always been a strong entry barrier for a new FMCG player in the country. The distribution model favours the existing large players and only helps them diversify the product range.
For a new entrant, online only strategy can help in dis-inter-mediating the entire distribution channel, and also targeting the audience through digital marketing vs. spending crores of rupees on TV and print.
It is far more easier to create product differentiation in FMCG compared to clothes etc.. where we already have internet only brands like Zovi… Then why is nobody thinking of launching internet only FMCG brand.. I would think that packaged food is a right candidate for the same.
Shipping cost is ofcourse a concern, but can be accommodated in high value-low volume product… ex. packaged sweets, packaged namkeens etc..
Deliverance…….Another beautiful album of Yanni. Life moves so fast after listening to this song. Dedicated a poem this which talks about a quick successions of bad phase of life a person is going through..
The Autumn Season
As I traverse the memoryless path over the leaf-sole,
I find all the barren trees expose their soul.
Their beauty, their ego, that had made them so mean,
Today the dance in delight, as they grow lean.
The trees which were the darling of their bunglows,
And the bushes which covered his poverished hut,
Appear the same, as the humility dawns on them,
Good or bad, Rich or poor, they are but the seasons fad.
The wind from east blows leaves to the west,
And the Birds from the westfly back to their nest,
Their anxiety of transition is at best,
A means to realize that this autumn is mearly a test!!
As my emotions ger burried under my footsteps,
My perspective grows beyond the past and the future,
As I transencd my mind to peep into enldess hearts,
The east, the west, the mind, all apears to be a matter of name!!
As I listen to this amazing album of Yanni, my heart just floats in the air and I feel as if I am boundless !!
Follow your Heart
Let your heart go where it wants
Let not your rigidity haunt.
Winner is the one who inspite of fear does not daunts,
Take the control and empower you to write your own script and font.
Listen to the music within you
Respond to the artist who is playing the flute.
It might happen that it gets too late,
When you have nothing to do other than so submit to your fate.
The one who can make you sing a song,
He is the one where you belong.
So let loose yourself and do wat make you cheer,
Remove your heart from all kinds of useless fear !!