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Top Business Ideas to Consider in 2021 to Start with a Minimal Investment

Top Business Ideas to Consider in 2021 to Start with a Minimal Investment

Starting your own business can be an overwhelming task. Yet, not following the daily and monotonous 9-5 office routine anymore and making all decisions yourself is one of the world’s best feelings. However, not everyone is able to fulfill the dream of running a business, generally due to insufficient funds. But not anymore! With several low investment business ideas, which also yield good profits, you can now start your own business and turn your passion into a profession.

Let’s take look at the most profitable low investment business ideas in India.

Dropshipping

Dropshipping is one of the most successful small business ideas these days. It is a retail fulfillment method where you can open an online store but without storing any inventory. Thus, you don’t invest a penny in inventory and can start a business with limited funds.

Whenever the store makes a sale, the product is purchased from a third-party and directly shipped to the customer. Simply put, you make a sale, pass the order to the supplier, and he ships it to the customer on your behalf. Thereby, you don’t have to store or handle the inventory. It saves your time as well as money.

With the dropshipping model, you don’t need to focus on buying or storing inventory. You can concentrate entirely on the marketing of the online store and customer service. Notably, your store’s trustworthiness will depend on the quality you offer and the order fulfillment strategy you adopt. You must keep a check on both to ensure business success.

Online Bakery

The online food business is one of the most popular and profitable businesses in India. And bakeries are quite popular as well. If baking is your cup of tea, you can consider starting a bakery and encash by sharing homemade recipes. The best thing about this low investment business is that you can start it from your kitchen itself. And all you need is an oven and ingredients!

Cakes are an integral part of all the celebrations. But, you can consider selling other baked items as well, like different types of bread, muffins, cookies, and pizza, etc. It is not just a unique business idea, but a profitable one as well!

Online Fashion Boutique

With people becoming more fashion-conscious, the fashion and lifestyle industry in India is on a surge. India’s online fashion trade is expected to grow up to $14 billion by the end of 2020. Therefore, an online fashion boutique is one such small profitable business idea that you can consider.

You necessarily don’t need to be a fashion designer but a fashion lover. Make money by selling your sense of style online! It is very simple to open an online fashion boutique. From dresses to accessories and footwear to jewelry, build your brand around single or multiple product niches. Notably, the quality of the products, customer service, and fulfillment strategies will play a significant role here.

Sell a Service

With a service-based business, your time is the inventory. It is your most significant investment, as well. What you need to get going with this business idea is to have a skill that is in demand and can be useful for others.

Writing, blogging, web designing, photography, fitness training, and calligraphy are some such skills around which you can start a business. You can register yourself with the various freelance marketplaces to increase the chances of getting discovered by the people who require your skills. Besides, your social media handles can help you the best in marketing and spreading the word around.

Social Media Agency

In the digital age and cut-throat competition, almost all companies want to market their products digitally. They are willing to spend big budgets on advertising through various digital channels and paid social media posts and campaigns.

All that you require is a few computers, skilled professionals, and an office to start with.

India is the third-largest start-up center in the world. Over 1300 new start-ups, including 7 unicorns, were added in the year 2019 in India. The data shows the willingness of the people in India to start their own businesses.

With the low investment and high-profit business ideas, you can also consider starting your start-up. All that requires is a solid idea. And if executed well, you can be an owner of a successful business.

Top 5 Tips to Working from Home with Increased Productivity

5 Tips to Working from Home

While the world shut down like an epic Hollywood film scene, in a real sense the devastation made by COVID 19 pandemic actually posed a potential threat.

In this season of hopelessness, each corporate needed to close down workplaces and request that its representatives work from home.

For sure the security of representatives is significant; nonetheless, the subject of productivity during working remotely is likewise an issue of concern.

Here are a couple of pointers which will assist you with working adequately from home.

1. Fix up a timetable

Working from home can end up being precarious, particularly in the event that you need to keep a harmony between working proficiently and investing energy with family.  To do the two things effectively, make a fixed daily practice and ensure you cling to it. Try not to attempt to be a superhuman, focus on each thing in turn. Microsoft To-Do: List, Task and Reminder, Task and Project Management – MeisterTask are the many applications which assist you with repairing an everyday practice.

2. Discover a work environment inside the house

It’s significant that you track down a peaceful working environment to ensure that you can zero in on your work totally. In a house with family in general, it’s difficult to focus. Relegate a quiet corner of the house for your work and ensure nobody upsets you while you are working.

3. Be associated with your group

Current corporate generally rely upon cooperation for wanted outcomes. While you are working from home like every other person, ensure you are consistently reachable for your partners. Utilize powerful techniques for consistent correspondence. Use correspondence stages that are simple and advantageous.

4. Discover a leisure activity

While work is significant, this lockdown can colossally affect one’s psychological state. To guarantee a sound physical and mental state, ensure you get a pastime. Accomplish something that eases your pressure. Paint, draw, compose, sing, and so on, do whatever de-stresses you. Stress can be deadly for your own and professional life.

5. Work for fixed hours

At the point when the circumstance outside is crazy, ensure you are in full control of your life. Make a fixed plan for getting work done. Sign in on schedule, work productively and log off on schedule. Invest more energy with your family and friends. Try not to overexert yourself. Make sure you are straightforward with the attempt you are placing in while you work. Complete your regular work inside a fixed time. Trust me, you ‘ll spare a ton of time to go through with your friends and family.

At CloudBox99, one of the most reputed and well-known cloud facilitating organizations, we not just provide top-notch hosting solutions to our customers but also value and encourage every single individual working with us. This COVID 19 Pandemic has overwhelmed the world; however we trust that you and your friends and family stay safe and solid. Regardless of how hard the circumstance might be, mankind will win. Stay positive.

Shared Economy and Its Impact on the Different Sectors & Industries Today

The sharing economy is one of the fastest growing business trends in history, with investors dumping more than $23 billion in venture capital funding since 2010 into startups operating with a share-based model. Because many of these businesses are private, it’s impossible to know the actual size of the sharing economy.

At CloudBox99 too, we practice shared economy and let our clients leverage the maximum benefits out of this setup. At the same time, we make hosting simple for you. We structure our service very clearly for our clients to understand every detail on what we offer.

What Is the Sharing Economy?

The sharing economy is an economic principle that is constantly evolving. In the very simplest terms, it’s the use of technology to facilitate the exchanged access of goods or services between two or more parties.

It’s derived from the notion that mutual parties can share value from an under-utilized skill or asset. This value exchange occurs through a shared marketplace, collaborative platform, or peer-to-peer application.

The sharing model isn’t a new concept—as many rural communities thrived off the same idea via bartering. However, thanks to the accessibility of the internet and mobile technology, managing share-based transactions has never been easier.

What Is the Impact of the Sharing Economy?

The sharing economy has a history of disrupting traditional business sectors. The lack of overhead and inventory help share-based businesses run lean. The increased efficiencies allow these brands to pass-through value to their customers and supply chain partners.

Traditional industries are being affected by the sharing economy—and many traditional brands will struggle if they do not adapt to the changing landscape.

Transportation

Uber’s ascension in the transportation industry is one of the best examples to illustrate the effect of the sharing economy in a traditional sector. Uber and other ride-sharing services offer an affordable, safe, and convenient alternative to traditional transportation options such as public transit or taxi cabs.

Consumer Goods

PWC research suggests that 86 percent of U.S. adults familiar with the sharing economy say that it makes life more affordable and 83 percent also agree that the sharing economy is more convenient and efficient than traditional methods.

eBay is one of the pioneers of the peer-to-peer marketplace. Their innovative platform allows users to buy and sell used or new items through their interface, and have the goods shipped directly to their home. Consumers can browse a variety of products at custom price points, in various conditions, and with different guarantees. This empowers the consumers and provides them with a more affordable, convenient, and efficient way to purchase goods.

Professional and Personal Services

The benefits of the sharing economy are best illustrated in the professional and personal services space. Professional and personal services are defined by work that requires special knowledge, skills, experience, certifications, or training like copywriters, accountants, or plumbers. In relation to the sharing economy, this is also referred to as freelancing, gigs, and other trendy terms equating to short-term labor.

Top Sharing Economy Brands in the Professional and Personal Services Space:

  • Fiverr: $351 Million
  • Upwork: $168.8 Million +
  • TaskRabbit: $50 Million +

Healthcare

The healthcare industry is expected to generate annual revenues of $8.7 trillion by 2020. Although the sharing economy has yet to really take hold in the healthcare industry, many experts suspect it to be the next frontier for collaborative consumption.

The limitations of traditional healthcare systems, expenses and resources, are factors that we’ve seen mitigated in other industries through share-based methods.

Therefore, share-based startups like Cohealo are helping hospitals save money and increase equipment value by developing technology that enables hospitals to share medical equipment with other healthcare facilities.

What Is Next for the Sharing Economy?

Technology has helped the sharing economy advance to where it is today—and, the trend should only continue as we become more connected digitally. While we’ve seen how dominant collaborative consumption can be in industries like transportation, consumer goods, and services, many other traditional sectors will soon experience changes because of the sharing economy. 

Why Should Hosting Companies Monitor Uptime?

It is fun when you have someone to blame on. The idea is good for a catchy caption like the above one but not for the business’s reputation. Therefore, it is very important to explore the reasons behind the downtime and fix them right away.

Uptime, or the absence of downtime, is crucial for your clients to engage their users without interruption. The server issues equally affected business houses, big and small. When you are on a shared platform, such interruptions are inevitable. For example, despite being a significantly large player in the cloud industry, Amazon has suffered huge losses because of downtime. The solution lies in adopting more reliable cloud solutions that enable better Service Level Agreements (SLAs).

What is uptime?

In simple terms, it is the time for which the website is functional and accessible for the visitors. Usually, the uptime is measured in percentages. 99% is considered an ideal value for uptime. Even though the value is very much near 100%, there is ample time when the website is down, which can significantly affect the website’s performance. For example, a 1% downtime comes down to 1.5 minutes a day. Depending on the time of the day and the amount of traffic a website gets every day, there is a good chance of leaving an unpleasant experience for users.

What are the causes of downtime?

Apart from maintenance downtime, which constitutes the 1% deficit in uptime, other reasons have to be considered and attended to for the smooth functioning of hosting services.

1. Hardware failure: A major disruption can happen with hardware too. Power outages, motherboard crashes, hard-drive failure can contribute significantly to downtime. If you do not see it coming, it will only make things worse.

2. Cyber-attack: Cyberworld is a dynamic area where things change at lightning speed. It is very important to update your safety measures constantly because certain cybersecurity loopholes might cost you dearly.

3. Traffic overload: Overwhelming website traffic might give you good vibes, but it carries a warning sign with it. Upgrading to larger servers can save you from impending doom.

Significance of uptime for hosting companies

High uptime rates are not only important for individuals and businesses but also for web hosting service providers. Uptime rates are one parameter that your clients can judge your performance. It provides insights into how smoothly your services are running. Maintain high uptime helps in retaining your clients. Good monitoring practices can help your client’s website rank better on Google, generate revenue, and build a good brand reputation.

It is not always the server problem that turns your system down. Network glitches like routing issues at the ISP level, broadband connection issues such as a cached website can be at work while you keep looking elsewhere. You can use the Ping command or go for free online services like site24*7.com to find if your website is down really due to server issues. Unfortunately, despite the best efforts of the organized web-hosting providers, you cannot prevent certain episodes of downtime.

What should you do for a high uptime rate?
• Choose a web hosting provider that works for your specific needs. Not all uptime guarantees are the same, and uptime shouldn’t be your sole deciding factor.
• Choose the right website uptime rate. A 0.01% difference in uptime rate has a huge impact on overall downtime.
• Keep an eye on the uptime rate. Monitoring tools such as Jetpack, AlertBot, etc., can be employed as manual monitoring takes a lot of effort.
• Avoid human errors such as rough handling of servers and improper code review.
• Last but not least, choose a web hosting company with a good customer support system.

At cloudbox99, all the stakeholders can rest assured with optimum uptime, a suitable cloud sharing system, binding Service Level Agreements, optimum uptime rates and an instantly responding customer care system.

Hybrid Cloud Trends to Watch Out for in 2021

Red Hat chief architect Emily Brand says that the enterprise shift to hybrid cloud as the standard is evident in recent developments in the cloud landscape that are blurring the lines between the public cloud and the traditional data center. This in turn is giving companies that embraced hybrid cloud earlier an advantage.
“With the recent announcements by the major cloud vendors encouraging hybrid cloud, our existing customers who have been preparing for this are now in the unique position to be ahead of their competitors who may be all-in on one cloud provider,” Brand says.
Expect hybrid cloud’s status to be cemented in 2021 as IT leaders and organizations become more intentional and strategic about their hybrid cloud architectures. And that’s the first of five hybrid cloud trends worth monitoring in the year ahead. Let’s take a deeper look.
1. Hybrid becomes entrenched as the go-to IT infrastructure model
Even though plenty of companies “accidentally” adopt a hybrid cloud model, they’re now realizing that it affords them greater strategic control over what runs where. Cloud does not have to be an either/or
In the year ahead, expect a growing focus on developing smart hybrid cloud strategies that maximize the benefits of this approach. These plans should include essentials like resource utilization and cost optimization, application modernization roadmaps based on what’s best for the organization (rather than abstract benefits), tighter data governance, stronger security postures, and more.
2. Cloud platforms themselves turn increasingly hybrid
The “rush to the public cloud” phase is likely to ebb relative to recent years. That’s because organizations no longer always need to actually move an application to a public cloud platform to achieve the benefits that come with doing so. They increasingly can gain the same or similar advantages in their own datacenter; cloud-native technologies like Kubernetes should not be confused with “cloud-only,” per se.
Cost savings are typically a key factor when considering lift-and-shift to the cloud, which is beginning to look less and less attractive due to the highly optimized on-premises cloud environments of the future.
3. Workload-environment fit is a major priority
All of the above points to a growing trend toward more holistically and thoughtfully rationalizing the application portfolio on a case-by-case basis. Put another way: Forward-thinking organizations are better able to match workloads to the best environment based on a range of criteria that matter to them most, whether cost, performance, compliance, skill sets, industry-specific needs, and so forth.
King thinks we’ll hear more about repatriation – essentially, cloud migration in reverse – and it will simply be the result of more priority being placed on workload fit, not because of some generalized abandonment of cloud and its benefits.
4. Edge computing drives hybrid cloud adoption
Companies end up with hybrid cloud architectures for many reasons. But there’s one that is increasingly fueling intentional adoption.
Edge computing has emerged as one of the most important drivers given that edge is an explicitly hybrid approach to computing. It spans from the enterprise computing core out to the edge of Telco and other service provider networks and from there, to user sites and sensor networks. Edge contrasts sharply with multi-cloud silos given that consistent platforms and management is a necessity for edge architectures to function effectively.

Steps for Businesses to Cope with the Second Wave of Covid 19

Steps for Businesses to Cope with the Second Wave of Covid 19

The 2nd wave of Covid is here and things will be different from here on, for a while for businesses. Restrictions will loosen over time in multiple stages. Not all operating departments will receive a green light at once. A call to action is required to cope with the changes and restructuring initiated within organizations.

So, what is your recovery plan? Here are few important steps to help you get started with planning your post-COVID-19 comeback:

Prepare your core operating unit

As we test the water to recheck the safety of free movement, a part of the workforce will be allowed to resume back to their old routine. Who is it going to be?

Following the 80-20 rule currently enacted in the UAE, to get 80% of operations reengaged, 20% of the workforce is required to commence their duties.

After weeks of isolation, you have an idea on which department holds the key to kick starting operations. They are the foundation of your organization’s functions.

Assemble your core team, and prepare them for battle. Run a checklist on workflow and safety measures. With your core unit in place, all other departments can pick up where they left off.

Tackle the honest reality

Let’s face it, 2020 budget and targets are tossed out the window. So, what should you expect moving forward?

Don’t be afraid to ask difficult questions. There are new challenges to follow that need to be addressed now. These include:

  • How long will this continue?
  • Are people willing to spend?
  • Will these prices work in this market?
  • How can you increase sales conversion?

A lot of questions need answers when creating a robust recovery plan. Think in terms of flexibility. It is crucial to identify when the market isn’t responding and have the ability to switch over to a new plan quickly.

Draw various scenarios to these plans. Establish control measures to each of these challenges, and set milestones when evaluating the market’s reaction.

Pick a winning marketing strategy

Every organization experiences different levels of success with online marketing. Factors vary between target audiences and the platforms used to introduce customer brand engagement.

Marketing is about creating awareness. Customers need constant reminders of your brand, and what you have to offer. Breakdown your achievements to tiers and set goals.

With restricted budgets, a careful analysis of previous success will bring to life a competitive strategy. Dig into the data of old campaigns with high response rates. For instance, look into:

  • Why did it work so well?
  • Will it work in this market?
  • What did the audience like about it?
  • How can we recreate something similar?

Stay one step ahead of the game. Get your marketing plans in order. Prepare for launch, and be ready to execute.

This pandemic will pass, leaving behind changes for us to adapt. A new roadmap for an organization’s future will set itself up for success. Planning is a vital stage for businesses right now. And the aforementioned steps will build your organization’s new foundation and growth plans for the future.