Practo is an app for Online booking appointment with a Doctor. It aims to Make your clinic visits cashless, paperless and painless. It was founded by Abhinav Lal (CTO) and Shashank ND (CEO) in 2008. Both are born in Bengaluru and studied at B.Tech, computer engineering at National Institute of Technology, Karnataka. Both are born in Bengaluru and studied at B.Tech, computer engineering at National Institute of Technology, Karnataka. It has over 4 million monthly users and 120,000 appointments booked every month, with traffic growing at 24 per cent per month. For Doctors facing practice management software they offered two price points, Rs. 999 and Rs. 1999 per month. The premium plan also includes a cloud telephony-based IVR system for doctors. A@Also, They are Promoting them through Doctors and Digital Marketing. Practo is funded by 11 investors. Trifecta Capital Advisors and Tencent Holdings are the most recent investors. It has acquired 5 organizations. Full Detail in Blog.
Detailed Case Study on Practo Business model:-
Making your clinic visits cashless, paperless and painless ~ Motive of Practo Business Model
Have you ever searched for an online doctor?
If you have ever booked an online appointment with a doctor, you must have heard about Practo.
But have you ever wondered how Practo Business Model earns works?
We have got all covered for you.
After reading this blog, you’ll get the detailed information regarding the Business Model of Practo and all the online Medicine Business Models.
Healthcare is one sector which has always lacked the full-fledged of IT.
Online doctor is a term that came during the 2000s, used by both the media and academics.
Keep reading and learn how a twenty-year-old NIT Graduate dared to take a different path.
Business Model of Practo with their website has taken it to a different level.
It has the facility of being delivered to Doctors appointments system, now chat with top doctors, Tests & health checkups and Medicine and more.
What’s in it for me?
Online Medicine Business
In recent years in India, startup growth level is increasing very fastly in all the field and making India digital and most of the people go through online.
Online medicine business is also a new way to become digital and people search for an online doctor appointment for their treatment.
When we go to buy medicine in the market, we only getting 10% or 15% discount on worth RS-100 or 200, but when we go through online we get 20% or 30% discount in Medicine.
That’s why many people in India go to buy online medicine to get more and more discount.
Founder
Abhinav Lal (CTO) and Shashank ND (CEO) behind this Successful leading business in Medicine in the health industry.
Both are born in Bengaluru and studied at B.Tech, computer engineering at National Institute of Technology, Karnataka.
Story of Practo:
The founders Abhinav Lal and Shashank ND launched in the year 2010.
Shashank ND was frantically getting together his father’s medical record and scanning them.
He wanted to get a second from the American physician, for an operation that his father was about to undertake.
If that does not bed enough, he was also unable to access enough information about the doctor.
To make an informed decision before putting his father’s life in his doctor’s hands.
This incident urged Shashank and his classmate, Abhinav Lal, to set up Practo Technologies Pvt. Ltd.
The Duo founded the company in Bengaluru, in 2008, when they were still college students in their final year of engineering (B. Tech, computer engineering) at National Institute of Technology, Karnataka.
Though numerous players have come into the practice management space since began, Shashank believes that razor focus on product quality and support has enabled it to maintain a steady lead.
Practo growth Members
Practo.com has over 1,20,000 doctors listed from over 310 Town and Cities in India with comprehensive service in metros of Bangalore, Delhi, Mumbai, Hyderabad, Chennai.
It has over 4 million monthly users and 120,000 appointments booked every month, with traffic growing at 24 per cent per month.
How Practo earns
Practo has two distinct products, with their revenue models:
-Healthcare Provider/ Doctor facing practice management software, sold as a subscription-based SaaS product.
-Practo Ray is offered at two price points, Rs. 999 and Rs. 1999 per month. The premium plan also includes a cloud telephony-based IVR system for doctors.
-While this is a free product for both patients and doctors, Practo.com allows contextual advertisements from hospitals and clinics in the demarcated section of the website.
Marketing Strategy
Practo is an online platform where a customer can search and book appointments with a doctor conveniently.
It has shown it’s the witty and engaging approach in its marketing campaigns.
Its popular digital campaigns “If you could sing to your doctor” even encouraged a sequel campaign named “If your doctor could sing to you”.
How often do you see that happening?
It has a success mantra to superbly executed campaigns. Their core idea is to create engaging and witty content for users and bring a smile on their faces using humour.
Promotion through Digital Media:
It has majorly been promoted through digital media with an active presence on social media platform such as Facebook, Twitter, LinkedIn, Youtube.
It is currently promoting itself by positioning as ‘your home for health’
The main aim is signifying simplicity which has been offered by the platform to the consumers and other stakeholders.
They promote itself to the B2B segment through social media, TV adverts and offers free profile creation of doctors and provides free- trials of its software for the B2B customers.
Practo Marketing Campaign:
Find the right Lab for Liver Function tests:
Marketing Campaign:
Find the Right Psychologist:
Problem Faced by Early Stages
The only pervasive problem would be the inability of some of the old school doctors and patients to convert as they would be too well adapted to the prevalent system and would not be changed.
The reputation of these doctors over the years would give them a cushion and would not necessitate them to adapt to changing technologies.
Challenge faced:
Targeting these doctors or clinics would be a challenging task but they would have a large enough market even if it does not focus on the members of the old school healthcare system.
Funding (CrunchBase)
Categories
Fitness, HealthCare, Marketplace, SaaS, Wellness
Headquarters Regions
Asia-Pacific (APAC)
Founded Date
2008
Founders
Abhinav Lal, Shashank ND
Funding Status Late Stage
Venture
Last Funding Type
Series E
Number of Employees
5001-10000
Practo Investors
Number of Lead Investors
3
Number of Investors
11
Practo is funded by 11 investors.
Trifecta Capital Advisors and Tencent Holdings are the most recent investors
Investor Name
Lead Investor
Funding Round
Partners
Trifecta Capital Advisors
Yes
Series E –
—
Tencent Holdings
Yes
Series D –
—
RTP Global
No
Series D –
—
Matrix Partners
No
Series D –
—
Altimeter Capital
No
Series D –
—
RSI Fund
—
Series D –
—
CapitalG
No
Series D –
—
Sofina
No
Series D –
—
Sequoia Capital India
No
Series D –
Shailendra Singh
Thrive Capital
No
Series D –
—
Mobile App Metrics by Apptopia
Downloads(30 Days)
16,667
Monthly Download Growth
-1.6%
It has 16,667 monthly app downloads. The most popular apps downloaded are – Doctors and Medicines, Practo Pro – For Doctors, and Consult & Profile Management.
App Name
App Store
Monthly Downloads
Practo – Doctors and Medicines
Itunes Connect
Practo Pro – For Doctors
Itunes Connect
Consult & Profile Management
Google Play
—
Practo Synapse
Google Play, Itunes Connect
—
Competitors :
Netmeds
Netmeds is an online store which sells Medicine in a wide range of prescription medicine and other health product conveniently available all across India.
1mg Business Model:
1mg is a digital healthcare platform that makes healthcare accessible. They provide consult with qualified and registered doctors on chat for free.
Acquisition:
Number of Acquisitions 5
It has acquired 5 organizations.
Their most recent acquisition was Enlightiks on Dec 16, 2016.
Acquired Organization Name
Announced Date
Price
Transaction Name
Enlightiks
Dec 16, 2016
—
Enlightiks acquired by Practo
Insta Health
Sep 14, 2015
$12M
Insta Health acquired by Practo
Qikwell Technologies
Sep 2, 2015
—
Qikwell Technologies acquired by Practo
Genii Technologies
Jul 9, 2015
—
Genii Technologies acquired by Practo
Filho
Apr 23, 2015
—
Fitho acquired by Practo
what is Practo history?
Practo is a Bangalore-based healthcare startup founded in 2008 by Shashank ND and his classmate Abhinav Lal. They completed their graduation from National Institute of Technology, Suratkal (Karnataka). In 2008, Shashank’s father had to undergo knee surgery. He wanted to consult with another doctor before that but, he couldn’t easily find the old medical records to show him. He addressed this as a huge problem that many patients might be facing. It could be a critical issue in urgent medical cases. So, he got an idea and discussed it with Abhinav to develop a digital solution for people to maintain their health records online and get medical consultations from anywhere.
What is Practo Business model?
Practo has two distinct products, with their revenue models: -Healthcare Provider/ Doctor facing practice management software, sold as a subscription-based SaaS product. -Practo Ray is offered at two price points, Rs. 999 and Rs. 1999 per month. The premium plan also includes a cloud telephony-based IVR system for doctors.
ITC Case Study | Business Model (ITC Marketing Strategy)
2 Minute Summary
ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. ITC was started on 24 August 1910. The name of the company was the Imperial Tobacco Company.ITC business model was to sell cigarettes and tobacco And Expanded in Nepal in 1985. In 1974 they abbreviated their name to I.T.C Limited. ITC is one of the major players in the hotel sectors. The journey of their hotel industry started in 1975. And today they have 100+ hotel chain. Also, They started a couple of business under the ITC Group(Full Detail in Blog). ITC has more than 40 Lakhs farmers associated with them in their E-Choupal concept. The man behind ITC is YC Deveshwar joined in 1968. Also, He recognized with many awards. Also, there is much more detailed information in the Blog.
Have you ever wondered how the Indian Tobacco Company (ITC) became a leading FMCG Company in the market?
Yes, you got it right ITC was started as a tobacco company.
Here’s an ITC case study to cater to all your doubts!
Now, ITC stands out to be a key player in the FMCG industry.
Be it the sun feast in the biscuits & Ashirvaad aata in the flour category, all have a separate place in our hearts!
Let’s find out the journey of the tobacco company and their transformation into an FMCG company.
This ITC Case Study will help us in learning their business model, history, strategic management & much more.
What’s in it for me?
Let’s take an insight into what this ITC case study is all about
Sivakumar Surampudi: Divisional Chief Executive of the Agri-Business Division
Sanjiv Puri: President of FMCG Businesses
Rajiv Tandon: CFO
Yogesh Deveshwar: CEO
Anand Nayak: Head of Human Resource Development
Initial Years
ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. ~Wikipedia
Let us start this ITC case study & see how everything started:
ITC was started on 24 August 1910 in Calcutta (now Kolkata).
The name of the company was the Imperial Tobacco Company.
ITC business model was to sell cigarettes and tobacco. They ran their business in a rented building.
ITC manufactured their products and hired services from outsiders for packaging & printing of their products.
Gradually the demand for their products started rising.
In 1925 they established their own factory in which they started their own printing and packaging of the products.
This can be said Strategic Backward Integration.
It means ITC started producing segments internally of its supply chain.
In 1926 they bought a building in Chowringhee (Now J.L. Road) for Rs.3, 10,000.
The building in Chowringhee is now called ‘Virginia House’- Headquarters of ITC.
In 1970 the name of the company changed from Imperial Tobacco Company to India Tobacco Company.
In 1974 they abbreviated their name to I.T.C Limited.
ITC is one of the major players in the hotel sectors. The journey of their hotel industry started in 1975.
In 1975 ITC acquired a hotel in Chennai which was rechristened ‘ITC- Welcome group Hotel Chola’ (now renamed My Fortune, Chennai).
Today, ITC has more than 100 hotel chains which are further divided into 4 sectors-
Luxury Collection
Welcome Hotels
Fortune Hotels
Welcome Heritage
ITC is also expanding globally. There are various projects of ITC that are running in countries like Sri Lanka, Dubai, etc.
ITC diversification strategy
Now, ITC was a big brand. In 1979 they diversified their business & started with the business of manufacturing paper boards.
They created a separate company for the paperboard business namely ‘Bhadrachalam Paperboards Ltd.’
They were performing well in India and it was now time to expand overseas.
In 1985 they started their cigarette and tobacco business in Nepal.
Later on, in 2002 it became the subsidiary of ITC Limited and was named as Surya Nepal Private Limited.
In 1990 ITC acquired Tribeni Tissues Limited (TTL). It was the same company which manufactured paper for their cigarette business.
Earlier they outsourced paper and now they started in house production of the same.
In 2002 ITC merged Bhadrachalam & TTL and made it a single group.
In 2004 they acquired another paperboard industry BIPCO. It was done to reduce their lead time due to the increased demand for their products.
strategy of itc enhanced its customer service.
They also entered into the business of exporting the garments.
AGRICULTURAL ENTRANCE OF ITC: E-Choupal
E-Choupal business model is of very great significance.
In 1990, ITC stepped into the agricultural sector. They had an advantage of excellent sourcing capacity.
They started with the concept of E-Choupal.
It enabled the farmers to sell their product with the help of internet.
It helped ITC to maintain an inventory with them which helped them in making one of the largest global exporters.
Today, ITC has more than 40 Lakhs farmers associated with them.
E-Choupal started from Madhya Pradesh where ITC partnered with soya bean farmers.
This initiative by ITC totally revolutionised the agricultural sector.
The farmers had easy access to mandi prices, good farming practices, and order placement for agricultural inputs, etc.
There are approx. 6100 e-Choupal that are currently functioning in more than 35000 villages in 10 states.
E-Choupal eliminated the middleman who exploited the farmers with their discriminatory practices.
ITC ENTRANCE INTO STATIONARY: ITC Classmate
Before, entering the stationary sector ITC made some changes in their names.
Indian Tobacco Company (I.T.C) was renamed to ITC.
The dots were removed i.e. the abbreviation was now the name of the company.
This was done to eliminate tobacco from their name as they wanted to enter into the stationary market.
In 2003 ITC started with Classmate.
ITC Classmate grew very rapidly. Many students started purchasing classmate’s notebooks and registers.
Today, the classmate is one of the premium brands in the notebooks.
In 2007-09 classmate came up with Practical Books, Drawing Books, Geometry Boxes, Pens, and pencils.
ITC ENTRANCE INTO CLOTHING: WILLS
In 2002, ITC entered into the clothing world also.
In India, they launched their trial run for the brand during the late ’90s.
Officially, ITC came up with their own brand in 2002. The name of the brand is Wills.
Today, Wills is a very premium brand with a variety of clothing.
ITC started wills which included only the sportswear. But gradually it became a very recognized brand & it offers a variety of clothing.
Wills also sponsors many fashion weeks.
Wills Lifestyle Fashion Week has gained recognition from buyers and retailers as the single largest B-2-B platform for the Fashion Design Industry.
OTHER BUSINESSES
ITC Business Model is not only limited to its cigarette & tobacco industry. There is much more to it:
-Branded Packaged Foods– In 2001 ITC launched their packaged food products. The packed food was launched in the name of Kitchen of India.
-Other foods– In 2002 ITC launched their candies like Candyman and Mentos. They also launched Ashirvaad aata in 2002.
In 2003 ITC also launched Sunfeast which marks a great presence in the FMCG sector.
In 2007 ITC came up with Bingo. We must have had Bingo mad angles once.
In 2010 ITC launched Yippee in competition with its rival Maggie by nestle.
In 2014 ITC came up with chewing gums and juices.
In 2015 ITC also launched their ghee in the name of Ashirvaad Ghee.
In 2016 they launched chocolates, coffee beans, and Master Chef Masalas range.
The master chef masala range were not ordinary spices. They were of premium quality with high essential oils content.
This was all done through E-Choupal. They used e-Choupal very strategically. They exported and manufactured the products from E-Choupal
In November 2017 ITC launched their vegetable stores in the name of farm line potatoes.
ITC started its food division in 2001. Today they have totally transformed this food division sector with their strategic diversification of business.
-Aggarbattis & Safety Matches-In 2002 ITC launched its Aggarbattis and safety matches. Mangaldeep Aggarbattis is of ITC.
-Personal Care Products– In 2005 ITC entered the personal care segment. You must have heard of Fiama Di Wills, Vivel Soaps, Supriya are all part of ITC.
In 2013 ITC came up with Engage Bodysprays
In 2015 ITC acquired the Savlon Company, an alternative of Dettol.
In 2017 they also acquired Charmis Face cream company.
MAN BEHIND THE ITC EMPIRE
By now, a question must have stuck on your mind that who is the person behind such success of ITC.
His name is YC Deveshwar. Mr Deveshwar joined ITC in 1968. He joined ITC straight out of his college.
YC Deveshwar was one of those rare examples who transformed the business of ITC, making it a huge success.
The endless list of rewards is evident in his hard work and mindful thinking-
-Was awarded Padma Bhushan
-Was awarded top India’s CEO by Forbes.
-Ranked 7th on world’s best CEO’s
-Served for the longest period (23 YEARS) as CEO in India for ITC
Mr Deveshwar who joined ITC in 1968, became the director in 1968.
Later, he became the CEO and Chairman in 1996.
In just sixteen years, he joined the Board of Directors.
These achievements show the role Mr Deveshwar played in nurturing ITC, making it a huge success.
Mr Deveshwar served Air India during 1991-94. This is the reason behind ITC’s slow growth during the above mentioned years.
ITC and YC Deveshwar were very synonymous, indeed he was a legend.
Sadly, Mr Deveshwar died on May 11, 2019. It was under his leadership that the company transformed from a cigarette major to an FMCG giant.
PM Modi also tweeted,” Shri YC Deveshwar made a strong contribution to Indian industry. His efforts helped ITC become a professionally-run Indian company with a global footprint. Saddened by his demise. My thoughts are with his family, friends and the ITC group in this hour of grief.”
GOLD FLAKE VS GODFREY PHILIPS ISSUE
In the absence of Mr YC Deveshwar, when he was serving for Air India during 1991-94, a new cigarette brand emerged with the name of Godfrey Philips.
It was trying to enter into the territory of Gold Flake which was an already established market.
The prices of Godfrey Philips were strategically kept low, to grab the market share of Gold Flake.
To stop this intruder, ITC launched a similar variant of Gold Flake which was cheaper than the original name.
They divided it into two categories Gold Flake Filter and Gold Flake King.
The former was cheaper than the latter one.
This not only helped ITC in diversifying their product line but also helped in retaining their market share.
ITC TIMELINE
1910
ITCL(Imperial) established in Kolkata
1925
ITC’s Packaging and printing business was set
1953
Imperial converted into a public limited company
1971
It set up a marine product export division.
1974
The company changed its name to ITC Ltd.
1975
ILTC became a part of ITC
1975
Launched Hotel Business
1986
Established ITC Hotels as a separate division.
1990
ITC set up the Agri-Business Division
1994
Commissioned Mc. Kinsey to study their business
2000
e-Choupal initiative in Bhopal with Soya farmers
2000
ITC launched ‘Expressions’
2000
ITC launched ‘Lifestyle’
2000
ITC InfoTech
2001
ITC formed the food division
2002
ITC entered the safety match business
2005
ITC entered Essenza Di Wills
ITC ANALYSIS (HOW ITC BECAME A HUGE SUCCESS)
Let us make a conclusion of this ITC case study.
According to me following are the factors that helped ITC in gaining such market capitalization & immense success.
A) Sourcing Capability– ITC has strong sourcing capabilities. With the help of various sources, ITC was able to extend its business in different sectors.
They entered into FMCG after establishing a strong base in the agricultural sector.
The wheat from the agricultural sector held in establishing a market for the Ashirvaad aata. Similarly, ITC used its various sources very effectively and efficiently.
B) Effective Brand Utilisation-After getting recognized in the agricultural & FMCG sector, ITC used its established brand name for entering into the stationary market.
They introduced classmate by ITC which helped them in grabbing a good market share.
ITC business model was to sell cigarettes and tobacco. They ran their business in a rented building. ITC manufactured their products and hired services from outsiders for packaging & printing of their products.
What is strategic analysis of itc
strategic analysis of itc(How it become huge) A) Sourcing Capability B) Effective Brand Utilisation C) Related Businesses D) Role of Management E) Focus on Sustainability F) Meeting Corporate Social Responsibility (CSR)
Linkedin is the world’s biggest professional network. It has both Free and Payment models. In May 2003 it received Searies-A Funding form Sequia Capital and the list goes on. In 2011 they launched their IPO nad then in 2016 Microsoft acquired it. It helps us to build connections that Might help us in our professional life.More than 65% of the revenue is generated by Talent Unit which helps companies to recruit employees. Also they provide Ads service on their platform but the rate of it is high as compared to other social media platforms as it’s conversion rate is also high. Data Management Softwares are provided and also have premium Subscription which provides additional services. It Financials are also incuded in the blog and much more.
Are you a professional?
Have you ever searched for jobs on LinkedIn?
If yes then have you wondered how the Business Model of LinkedIn works?
Do you want to know?
We have got all covered for you!
What’s in it for you?
WHAT IS LINKEDIN?
Linkedin is the world’s biggest professional network.
As we use Facebook to search for our friends, their activities etc.
On LinkedIn, we look upon the professional lives of our friends, colleagues etc.
It includes their education, job positions, experience, and the companies they are working in.
LinkedIn works on a freemium business model.
It gives some services for free and some for a payment.
In my opinion, anyone who wants to grow in professional life should have a LinkedIn profile.
ABOUT LINKEDIN
Business Model of LinkedIn was founded by Reid Hoffman and founding team members from PayPal and Socialnet.com.
The idea was to create a network where people could meet professionally.
Timeline of Events
May 2003 – LinkedIn received Series-A funding from Sequoia Capital.
August 2004 – It had a user base of 1 million.
March 2006- LinkedIn’s First month of profitability.
April 2007- The user base increased to 10 million users.
February 2008 LinkedIn’s mobile version was launched.
2011 The IPO of LinkedIn was launched in New York Stock Exchange.
2016 Microsoft acquired LinkedIn
HOW LINKEDIN WORKS?
Create a LinkedIn Profile
Firstly, you need to register and create a profile page.
They would ask for basic personal information during registration.
It includes your name, E-Mail ID, location, current employer and education.
Then you’ll be prompted to fill out more detailed information on your profile page.
LinkedIn Contacts
The second step is to search out and connect with other members of the site.
LinkedIn provides several methods for searching out contacts:
Upload your e-mail contacts
Colleague search
Classmate search
Name search
Advanced search
LinkedIn Connections
You should gain access to your connections’ connections.
The people who are part of your network are called your “connections.”
Connections imply that you know the person well.
It also implies that they’re a trusted business contact.
To turn a contact into a connection you need to invite that person to join your network.
After this, your LinkedIn profile gets ready.
You can optimize your profile by adding your experiences and expanding connections.
Content can be published and shared on LinkedIn
These things increase your visibility.
SUCCESS STORY OF LINKEDIN
LinkedIn gained traction by focusing first on the Silicon Valley tech scene.
Upon launch, the founders invited the professional connections.
They were from their previous work, in and around Silicon Valley.
Hoffman says, “We started slowly in the first few days because we wanted to make sure the systems worked.”
More and more members of the tech community joined LinkedIn.
The network effect took hold and the site became the place to connect and access resources.
It also made it easier to stay in touch with established connections.
LinkedIn Business Model made it a must-have network for Valley employees.
From there it spread outward through the connections of the people on the platform.
MARKETING STRATEGY OF LINKEDIN
LinkedIn’s growth story is an instructive one.
It is willing to experiment with a variety of growth strategies.
They are focussed to find what makes the platform valuable.
LinkedIn has continued to evolve.
It has also kept the primary value of the experience intact.
This is not an easy task.
They tested everything.
LinkedIn Business Model dabbled in the concept of contact importing.
When people signed up for LinkedIn, they were asked about their current company and title.
Over 90% of people answered this question.
This information was used to engineer the Reconnect Flow.
Once new users signed up, they were presented with the people at their current company.
They are the ones who are already on LinkedIn.
This helps to establish connections with them.
After some time, LinkedIn added another question into the new user flow.
It asks them about where they used to work.
Again, they presented the new users with a list of potential connections.
Advantage -:
It allows users to connect with contacts and built out the new user’s profile.
These efforts combined to increase LinkedIn’s virality in a big way.
Pageviews increased by 41%,
searches increased by 33%,
38% more positions listed on profiles.
Virality was not arrived at by accident.
It was actively tweaked, tested, and encouraged.
This is also known as a Double Viral Loop.
New users invite more new users and also engage old users.
This brilliant technique made two viral loops happening at once.
Double viral looping converts the customer into a business representative.
He helps the company in spreading the content.
He also becomes the consumer of the product or service.
Viral marketing is one of the efficient methods to spread the product across the world.
It uses the customers as the marketing agents within the social networking channels.
Viral marketing can be used to reach a wide customer base.
Virality re-engages inactive users.
It is a cheap and effective method of marketing.
So this was a smart move on LinkedIn’s part!
LINKEDIN BUSINESS MODEL
Talent Solution
As the name suggests, talent solutions help companies to recruit employees.
This unit helps recruiters to search for good talent.
It fills up the vacant job positions effectively.
More than 65% of the revenue of LinkedIn comes from this unit.
Marketing solution
This unit of LinkedIn helps companies to market their product on the website.
The main component of marketing solutions is LinkedIn ads.
LinkedIn ads are costly but have many benefits.
We know that the users of LinkedIn are professionals or businessmen.
The companies who want to target a specific audience use LinkedIn Ads.
Benefit- the conversion rate on LinkedIn ads is very high.
Sales Solutions
LinkedIn provides advanced software’s to manage data related to sales of the business.
It works on the premise of CRM
For example -:
You have a database of approximately 10,000 people.
The sales’ employees will call them and pitch the product of the companies.
This software helps the companies to effectively manage their sales data.
Suppose there are 4 employees under a sales manager.
With the help of this software, the manager can check upon them.
He/ She will check their conversion rates, amount of sales made and products sold by them.
Premium Subscription
Premium Subscription offers premium features at a certain cost.
It helps recruiters, job seekers, businesses and sales professionals.
There are 4 components of Premium Subscription-:
Premium career Subscription
This unit gives personal guidance to job seekers.
It provides resume builder to those who do not how to build it themselves.
A premium user can chat with recruiters directly.
You can see who is visiting your LinkedIn Profile.
This feature directs you to open roles where you would be a great fit.
It is based on your skills, experience, salary requirements and education.
Lynda is a learning platform where you have to pay some amount.
After payment, you can learn anything you want.
You get a certificate when you complete a certain course.
Slideshare
Slideshare was acquired in 2013.
Ideas are given to make a PowerPoint presentation.
It also gives the option of publishing self-made presentations and gain followers.
INVESTMENTS
LinkedIn has made 5 investments.
Their most recent investment was on Apr 3, 2018.
They invested $50M in SalesLoft.
Apr 3, 2018
SalesLoft
—
Series C – SalesLoft
$50M
Nov 8, 2017
Cornerstone OnDemand
—
Post-IPO Equity – Cornerstone OnDemand
$300M
May 23, 2017
G2 Crowd
No
Series B – G2 Crowd
$30M
Jun 25, 2015
STAND Technologies
—
Seed Round – STAND Technologies
$2.3M
Nov 6, 2014
Confluent
—
Series A – Confluent
$6.9M
FASCINATING FACTS ABOUT LINKEDIN
LinkedIn had 610 million registered members in 200 countries in March 2019.
The total monthly active users are 260 million.
61 million users are senior-level influencers.
40 million are in decision making positions.
56% male users and 44% female users.
After the US, India, Brazil, Great Britain and Canada have the highest number of LinkedIn users.
It is considered the best in B2B.
LinkedIn has 87 million millennial (15-34 yrs. old).
11 million millennials are in decision making positions.
LinkedIn makes up more than 50% of all social traffic to B2B blogs and websites.
91% of marketing executives list LinkedIn as the top place to find quality content.
1 million users have published their articles on LinkedIn.
About 45% of LinkedIn readers are in upper-level positions.
41% of millionaires use LinkedIn.
An average user spends around 16-17 minutes on LinkedIn.
90% recruiters daily track candidates on LinkedIn.
70 million users on Slide share.
26 million companies are on LinkedIn.
Approximately 16 million job posts are still available.
FAQ’s
What is FAQ?
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What is FAQ?
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Business Model of Linkedin?
Linkedin makes money by Talent Solution, Marketing solution, Sales Solution, Premium Subscription.
Question of the year, Who will win the Election? Why did Rahul Gandhi lose? What Strategies Congress Didn’t use? Why Rahul Gandhi Demarketing Strategies didn’t work?
2 Minute Summary
Bhartiya Janta Party (BJP) as we all know the ruling party of India is growing tremendously in the presence of our Prime Minister Narendra Modi but the question is How. In this, there is BJP’s Marketing Strategies 101 that they grew so much Big. They used the Face value of Narendra Modi. They also run Various Campaigns Like Main Bhi Chowkidar, Swatch Bharata Abhiyan, and many more. Also, they did Negative Marketing of Rahul Gandhi as Pappu. Basically three types were used to market Narendra Modi which were Statewise, Digitally and Offline. As there are 30% active users in India on the Internet. It is considered that behind winning of BJP there are four Reasons like Weak Opposition, Effective use of digital Channels in Marketing, Gained the trust of the Public, and BalaKot Air Strike. Also in this detail Knowledge of statewise Election and much more.
How Narendra Modi Positioned himself as a better Opponent than Rahul Gandhi?
BJP Or Congress? As a marketer whose Marketing Strategy is better?
How Amit Shah played a vital role in winning the election for BJP?
After Reading this full detailed Analysis, these Questions will be clear.
What’s in it for me?
BJP Marketing Strategy 101:
On May 23rd, 2019, National Democratic Alliance(NDA) recorded a massive win in the Lok Sabha 2019 Election, capturing over 350 Seats.
Out of these 350, Bharatiya Janata Party(BJP) captured over 300 Seats which is beyond expectation
Before diving deep into BJP Marketing Strategy, let’s discuss the reason why people don’t see any other Person as our Prime Minister.
Brand Equity:
Brand equity, a Marketing term that is created by companies for their products by making them memorable, recognizable and superior in the eyes of the public.
Let’s compare(Brand Equity): Narendra Modi vs Rahul Gandhi
I don’t know Narendra Modi Personally, this is just based on the way he’s portrayed himself.
Down to Earth Thinking:
Supportive:
Simplicity:
Never Losing Cool:
Trustworthy:
While Congress President Rahul Gandhi is often Mocked as “Pappu” – Negative Positioning
Whether we call it Weak Opponent or Weak Opposition Efforts. The reason is very much clear to everyone.
Pappu became so famous for Rahul Gandhi in the 2014 Lok Sabha Elections. BJP team made sure that when someone searches for Pappu on Google, it shows Profile of Rahul Gandhi for “Pappu”.
Watch this video on Political Marketing in Hindi and find out more:
How Narendra Modi won??
Narendra Modi has been portrayed as Hindu Prime Minister, I do not believe in Caste system but People who believe in such a system, Positioning was this: Hindu Prime Minister – Narendra Modi
According to this Graph, There are 80% Hindu in India.
Some percentage out of the 121 crore people believe in Caste System and Narendra Modi was positioned as Hindu Prime Minister for this specific audience.
How to use Psychology in Marketing( BJP Marketing Strategy):
Second Reason:
Remaining 15% of people belong to the Muslim category.
To create a positive impact on this audience, Triple Talaq was passed.
Triple Talaq Passed in Lok Sabha:
Some were against this bill and some were not but Narendra Modi gained a lot of trust by this Law.
Views of Narendra Modi on passing triple Talaq:
“We are committed so that Muslim women can get rid of a big life threat. No just that. For Muslim women to go to Haj (pilgrimage), we have removed the clause that men need to accompany them”, he said.
“After exploring various options in the last six to seven decades, the people of the country — our sisters and daughters — reposed faith in the BJP. Previous governments did not do anything to provide even basic facilities to women and just made promises,” Modi said.
“The country knows what their intentions and thoughts were. The political party that remained in power for decades only waited for time to come to bring about social changes and thinking regarding women. They were busy making promises, he said, targeting the Congress.
This Law instilled trust in Muslim Women.
Narendra Modi received a lot of praise from Twitter and from all over India over this Bill.
But Narendra Modi never tries to position himself as a Hindu Prime Minister or with Muslim Community.
While he is talking about rich and poor. Narendra Modi could have received more votes if they would have focused on Employment, development, etc.
Pradhan Mantri Sahaj Bijli Har Ghar Yojana: Saubhagya
This Yojna was launched to provide energy access to all remaining un-electrified households in rural as well as urban areas to achieve universal household electrification in the country.
To connect more and more people from the banking services
2. SKILL India Mission
28 August 2014
Skill Development in Youth
3. Make in India
28 September 2014
Promoting manufacturing Sector in the country
4. Swatch Bharat Mission
2 October 2014
Making India a clean country till October 2, 1919
5. Sansad Adarsh Gram Yojana
11 October 2014
Development in the villages which includes social development, cultural development.
6. Shramew Jayate Yojana
16 October 2014
Plan dedicated to labour development
7. Beti Bachao Beti Padhao
22 January 2015
The goal of this scheme is to make girls socially and financially self-reliant through education.
8. Hridaya Plan
21 January 2015
To take care of world heritage sites and to make these sites economically viable.
9. PM Mudra Yojna
8 April 2015
Loan to small businessmen from 50 thousand to 10 lakh
10. Ujala Yojna
1 May 2015
Distribution of LED bulbs at a low price to reduce electricity consumption
11. Atal Pension Yojna
9 May 2015
Monthly pension for people from the unorganized sector b/w age of 18 to 40 years
12. Prime Minister Jyoti Jyoti Bima Yojna
9 May 2015
Life Insurance of Rs. 2 lakh for people b/w 18 to 50 years (@Premium of Rs. 330 per annum)
13. Pradhan Mantri Suraksha Bima Yojana
9 May 2015
General insurance/accident insurance for people between 18 and 70 years of 2 lakh (at a premium of 12 Rs. / year)
14. Smart city scheme
25 June 2015
Developing 100 selected cities of the country as smart cities from 2015 to 2020
15. AMRUT Plan
25 June 2015
Developing all the basic amenities in more than 500 cities which have more than one lakh population
16. Digital India Mission
2 July 2015
Making all government services electronically available to the public
17. Gold Monetization Scheme
5 November 2015
Putting inoperative gold (lying at home and lockers) in productive works.
18. Sovereign Gold Bond Scheme
5 November 2015
To check the real demand of Gold; the government introduced the Sovereign Gold Bond Scheme.
19. UDAY
20th November 2015
Financial turnaround of Power Distribution Companies of Public Sector
20. Start-up India
16 January 2016
To Promote new enterprises
21. Setu Bhartam Yojna
4 March 2016
Construction of Over and Under Bridge to make National Highways Railway Crossing free
22. Stand Up India
5 April 2016
Loans up to 10 lacs to 1 crore for establishment of new companies to Scheduled Castes / Tribes and Women Entrepreneurs
23. Gameday Se Bharat Uday
14-24 April 2016
Emphasizing the development of villages for proper development of the country
24. Prime Minister Ujjwala Plan
1 May 2016
Providing the LPG connection to BPL families at subsidized rates
25. Namami Gange Yojna
7 July 2016
Cleanliness of river Ganga
Congress criticized BJP’s actions on Pradhan Mantri Sahaj Bijli Har Ghar Yojana: Saubhagya
5 years of strategy- trust was created here for farmers.
A Very Powerful BJP Marketing Strategy, compare yourself with your personality not by with your rivals.
Just for the sake of criticism, they may research more on your competitors and find out something against you.
Marketing Strategies used by BJP:
Statewide
Digital
Offline
Internet Penetration of India is close to 50%, By 50%, it means this much population has access to the internet but it doesn’t include the data whether they use it or not.
So around 30% of the population are active internet users.
Means 30% Target Audience. To create an impact on the public, we can not just rely on Online Marketing.
Taking an example of Sambit Patra Ji, He lost the election with Pinaki Mishra although He portrayed himself better as an opponent his focus was only on Online Campaigns.
In this industry, Ground reality matters more than Presence on Online.
Online Presence can bring recall value and also can even be converted into loyal customers.
Because people have this misconception that they can generate leads easily via online campaigns but if their product is weak, then Online marketing won’t help you grow.
If your product is not good, then no use of online marketing.
State Wise Analysis?
Let’s discuss some of the Power states of BJP:
Why only Power states? Because In exams, we pay more attention to more scoring topics.
Uttar Pradesh Election:
2019: 62 Seats
2014: 72 Seats
Two parties were united to defeat BJP where Mayavati or Lalu would have become Prime Minister. The pre-poll survey claimed that the BSP-SP alliance may become a threat to BJP.
Their strategy behind this union was to crush BJP.
Later, Mayawati made it clear to her party leaders that BSP can’t depend on other parties to secure votes.
The strategy of BJP and Amit Shah was on 3-4 issues.
Gundaraj
Jawad(caste system)
Corruption
After the Yogi Government of UP, various initiatives were taken by the Administration.
Hindu-Muslim conflicts are often created to corrupt our minds.
Whereas Hindu-Hindu Fights are never highlighted. Why? I don’t get the reason.
Whereas Narendra Modi never tried to position himself as Minister of Dalit. His positioning was always towards unity.
While Congress made many statements over this issue.
But nobody said what they will do for Dalit?
Also, BJP attacks Congress that institutions the biggest casualty of dynastic politics.
A small advantage was given to BJP here, their party was ruling at the time of application of teen talk.
BJP raised a lot of trust from the application of Teen Talak.
More than 800 rural villages in Uttar Pradesh were lit up with 76,000 solar street lights by the Uttar Pradesh Government provided by Philips Lighting.
Local votes were given to BJP. The Trust score was transferred to BJP.
Narendra Modi has focused more on development mainly, less on Hindutva, Article 370, Cow slaughter and Uniform Civil Code.
Maharashtra Election:
From 43 to 40 seats, seems low but they were in profit
Because They worked on weak subjects.
According to an article published by the Hindu business line, Veteran Political Analyst Nagesh Kesari, BJP Shiv Sena did one thing right after overcoming all their political difference.
Just before the announcement was to fight in every constituency as a single integrated unit.
Congress, NCP could not achieve this.
Here, Digital Marketing comes, if you live in a specific part of Maharashtra, Audience oriented campaign was run for a different type of audience.
Targeting at its best. Next level strategy.
Some videos went viral, few members left the party and shifted to some other parties. Their old speech videos went viral, we
Some videos were viral, few members left the party and into some other parties. Their old videos went viral along with criticism videos.
No one can deny the exemplary courage or dedication to duty shown by the IAF pilots who carried out the strike
Courage and dedication shown by the IAF Pilots who carried out the strike can not be denied.
Balakot Strike 2019
Mai Bhi chowkidar- Viral Campaign
In 2014, Modi Ji said chowkidar ki Tarah rakhwali
The anti-campaign, poori Dunia CHor?
Everyone changed their name to chowkidar.
After the election, Chowkidar was removed.
What a Marketing strategy sir Ji?
Congress highlighted the issues of demonetization and unemployment. they focussed on the plight of farmers and tried to lure the public by the NYAY scheme. NYAY scheme promised Rs. 72000 to each poor person if they come to power.
But BJP countered Congress’s NYAY scheme. they asked how will they arrange such a huge amount but gained mass support from the public.
BJP’s ‘ Modi Lao, Desh Bachao’ slogan also worked in their favour. They encashed the brand value of Modi Ji and also worked at the ground level.
West Bengal Election:
In West Bengal (BJP Marketing Strategy) received an impressive 18 seats against Mamta Banerjee. there has been a big fluctuation from 2 seats in 2014 to 18 seats in 2019.
Reason: They have been working hard in the state for a very long time. it has not happened overnight.
I have heard from many people that ‘2-3 dance karaye aur kaam ho gaya’
Last time, when they got 2 seats in 2014, they saw potential. They felt that they can encash seats there.
Between March 26 and May 1, Modi held total rallies of 80 or roadshows while Amit Shah organized 66 rallies in a short period.
One issue which was highlighted was the viral video that was shot in West Bengal. This was a kind of digital marketing.
In that viral video, the kid was seen chanting Jay Shri ram. CM Mamta Banerjee got furious. Reason? She was scared of the fact that BJP has entered her territory and they might take seats.
Many incidents occurred when she was seen getting angry by seeing people chanting Jai Shree Ram.
When this incident went viral in India, the public decided to not vote for Mamta Banerjee as she is against Hindus.
Modi Ji said in his rally that she is Speed breaker didi.
Because of her, no development has happened in Bengal.
Result-
Hindu vote bank and people who are open-minded and do not care about communities shifted towards BJP.
There has been an amazing change in the number of seats.
In December BJP organized save democracy campaign-rath yatraNarendra Modi focussed on corruption and rackets working in Bengal
He highlighted the Narada, Saradha, rose valley scams. He also mentioned extortion rackets operating in the garb of syndicated supplying building materials.
Bihar Election Results: BJP- JD(U) alliance sweeps Bihar, gets 39 of the 40 seats.
Bihar Election:
In Bihar, BJP became a part of an alliance with JDU. I believe it was weak because Modi Ji himself said that alliance cannot work in Bihar. On the contrary, his party became a part of an alliance.
this did not affect them much because opposition failed to highlight it.
BJP and JDU won 17 seats each. the share of bp was lower than the 2014 elections in which they gained 22 seats alone.
In 2015, They formed A separate organization for OBC. their main work was to highlight what Modi Ji has done for OBC. they created awareness among them. They saw how concerned Modi Ji was for them that he made a separate unit for them which will work only for them.
One of the biggest reasons for BJP’s win was its organizational structure.
Their issues related to Hindutva, Gas, Electricity, and later worked here as well.
Tamil Nadu Election:
In Tamil Nadu, BJP received only 1 seat.
Earlier Jayalalitha was CM but after her death, the public did not support her party AIADMK (All India Anna Dravida Munnetra Kazhagam).
What did not work for BJP?
In Tamil Nadu, the Anti campaign was working against BJP. People did not believe in BJP’s agendas.
This negative campaign against BJP was capitalized by the opposition. they worked on highlighting the bad aspects of the party.
Kamal Hasan was a major factor for BJP’S loss.
He started an Anti-Modi Campaign. Like Jaya Lalitha, Kamal Hassan is widely appreciated in Tamil Nadu as an actor. So when he started speaking against BJP, people listened to him and supported his views.
In the next elections, BJP will start work from the beginning to encash the votes as there is potential just like Bengal and can affect the total tally.
Madhya Pradesh, Rajasthan, Chattisgarh
In the recent Vidhan Sabha elections, Congress won in all the above-mentioned states. Yet they failed to make an impact in the Lok Sabha Elections.
in Madhya Pradesh, BJP received 29 seats.
in Chhattisgarh, bjp got 11 seats and in Rajasthan, they win all the 25 seats.
The majority of people in North India which is Hindi speaking audience voted for Modi Ji.
Jyotiraditya Scindia about whom it was said that he never loses, lost this time.
What did BJP do?
They revolved their campaign of “Abki Bar Firse Modi Sarkar” in these states. they tried to encash votes on the name of Modi Ji and his Brand Equity and it worked for them.
Delhi Election:
In Delhi, NDA won all the 7 seats in the Lok Sabha Elections.
What worked for NDA here?
They put good candidates on good constituencies.
They put Gautam Gambhir which in my opinion can become a really good politician. He performed exceptionally good in these elections. now he needs to show his work in his constituency.
Television’s role in NDA win
Media played a big role in the win of BJP. News channels highlighted bjp’s achievements. People who watch these channels regularly believed that Modi Ji is working great because all the channels are supporting him.
Rallies and interviews
Rallies and interviews were strategically planned. they were organized on specific periods. the questions that were asked were also planned.
The hidden motive was to create certain perceptions in people’s minds. There was psychological targeting on a deeper level.
Role of Digital Marketing:
Digital Campaigns:
Mai Bhi Chowkidaar campaign
Mai Bhi Chowkidaar campaign which was started to ridicule BJP backfired for Congress and worked marvellously in the BJP win.
Local marketing Ads
Local politicians of BJP targeted the local audience in the local language. they showed ads related to their issues and worked on local interests. the official expenditure that was given was 10cr.
Awareness was created about their issues, development, achievements.
people were told about the accomplishments of BJP on a global as well as local level.
Marketing Strategy of BJP-:
Suppose you have 100 social media pages. you share the same message from 100 pages. if people see that same message from a few websites, they start to believe in it.
Whatsapp marketing.
WhatsApp marketing became an effective method to promote, for effective WhatsApp marketing, a good database is needed, messages are sent and links for videos are sent directly. People are added to WhatsApp groups where messages are sent to them.
My first vote for Modi Ji
Another campaign was launched by BJP where the people who were going to vote for the first time were targeted. the focus was put on the youth.
CONCLUSION- Summary why NDA win
A) Weak Opposition
B) Effective use of Digital Channels in Marketing
C) Gained trust of the public
D) Balakot Air Strike
Movies Coverage:
The Accidental Prime Minister
Narendra Modi Biopic
The Tashkent Files
Uri- The Surgical Strike
Better execution of strategies
The same message was spread through different channels: TV, SMS, and Offline modes. They efficiently used the Marketing mix.
How BJP Could perform better:
If focussed more on:
a) Employment ( new jobs for qualified teachers, doctors, nurses, paramedics, technicians, instructors and administrators through a massive expansion of the education and health sectors
Analyze Your Website With Our FREE SEO Tool Fix your website’s SEO like HTML Headings, Alt txt, Robot txt, Sitemap, Schema, Mobile Friendly check, Pagespeed, PageStatistics, Internal links, External links, SEO Friendly links, Alexa rank etc.
Netflix Business Model | Case study | How Netflix Earns Money??
2 Minute Summary
Netflix is on the Biggest Online Movie Platform which penetrating in India very fast. Founders of Netflix, Reed Hastings, and Mark Randolph started with an idea of using the internet to rent movies on DVD. Also, Netflix is with a subscriber base more than a third of Internet traffic. The company operates on a subscription-based model. Access is given to the user via a monthly subscription plan. With a presence in over 190 countries, Users can instantly watch movies, TV shows. According to Wikipedia, Netflix has 154 Million users Worldwide(total) and 148 Million Paid users. Netflix has the maximum percentage of total OTT viewing hours with 40%, YouTube has 18%.In 2002 Netflix had an IPO of $309.7 billion. For more read the Blog.
People often ask me how do I gather all the data about different business models for my Youtube channel( Intellectual Indies)
So I thought How about I assemble all the details about all the business models on my website lapaas.com.
After reading this blog, I am sure you’ll get all the details about the Business Model of Paytm from Funding to How do they earn
A man has been diagnosed with a Netflix addiction after spending eight hours a day over the past six months! Are you that crazy for Web Series? If yes, have you wondered How Netflix’s business model operates?
Netflix Revenue Procedure?
Earn from Netflix?
Learn a new language with Netflix?
Yes, you heard it right! After reading this detailed Netflix case study you’ll know the ins and outs of the Netflix business model be it How do they earn, Funding, Expenditure and their marketing strategy.
What’s in it for me?
Founders of Netflix, Reed Hastings, and Mark Randolph started with an idea of using the internet to rent movies on DVD. A billion-dollar company: Netflix with a subscriber base more than a third of Internet traffic. Crazy right?
The company operates on a subscription-based model. Access is given to the user via a monthly subscription plan.
With a presence in over 190 countries, Users can instantly watch movies, TV shows.
According to an article published by Cnet Netflix, US members outrank HBO’s.
According to Wikipedia, Netflix has 154 Million users Worldwide(total) and 148 Million Paid users.
This detailed Netflix case study would help us get to know about their business model, revenue model of Netflix from scratch.
Paytm one of the biggest Fintech Company of Indian which has become a case study for Harvard University students. Revenue of Paytm was 3579 crores that is 500 million dollars in 2019. Paytm earns throughs varios business like Market Place which it runs by the name of Paytm Mall, and other recharge services, bill payment, Ticket Boking services as well. Paytm also have its Payment Gateway Solution which it charges a decent amount on every transaction. If we fututer go paytm has it wallet services and also they have released a digital gold services by which you can buy gold online.Now, they have launched their paytm payments bank which further increase their valuation. For detail information you can read the blog or watch our video.
People often ask me how do I gather all the data about different business models for my Youtube channel( Intellectual Indies)
So I thought How about I assemble all the details about all the business models on my website lapaas.com.
After reading this blog, I am sure you’ll get all the details about the Business Model of Paytm from Funding to How do they earn.
Paytm is India’s Biggest platform in the e-wallet industry and e-commerce platform.
Started by Vijay Shekhar Sharma in 2010, Paytm changed its business model to a virtual bank model, marketplace and gold e-wallet.
Vijay Shekhar Sharma is an engineer from the Delhi College of Engineering and today he is worth $2.6 Billion.
One97 Communications Ltd of Paytm’s Parent Company got their first institutional investor, venture capital and SAIF Partners in the year of 2007. Berkshire Hathaway confirmed investment of $356 Million for 3% – 4% Stake in Paytm in August 2018 and it was confirmed by Berkshire company that Warren Buffet is not involved in this transaction.
Do you know Paytm serve 100 million users? They offer Payment Solution to over 7 Million Merchants and allow customers to make seamless mobile payments.
According to an article published by Economic Times, Paytm’s success story has become a case study at Harvard University.
According to Wikipedia, Revenue of Paytm is 814 crores INR (US$120 million, 2017)
But How Paytm Makes Money even after 50% to 100% Cashback? It’s a worthy question to ask. Let us first discuss their revenue model one by one.
The revenue model is divided into the following categories:
There was a time when Paytm was into Mobile recharge, bill payments only but today they have 8 Revenue Models.
In this Paytm Case Study, we’ll discuss 8 Revenue Models of Paytm.
How paytm earns money?
Paytm earns throughs varios business like Market Place which it runs by the name of Paytm Mall, and other recharge services, bill payment, Ticket Boking services as well. Paytm also have its Payment Gateway Solution which it charges a decent amount on every transaction. If we fututer go paytm has it wallet services and also they have released a digital gold services by which you can buy gold online.Now, they have launched their paytm payments bank which further increase their valuation. For detail information you can read the blog or watch our video.
Let’s find out.
1 Marketplace(Paytm Mall)
Do you know Paytm is the first company with a mobile-only marketplace in India?
Paytm gives you the leverage to sell on Paytm Mall.
The process is easy, Just sign up and upload catalogue and that’s it.
Commission %= 2.8 from seller
According to Paytm Mall, sales of 20 lakh is generated every day. Can you imagine?
Also, 90% of payments are prepaid, It has been tested that in Prepaid orders
Possibility of returns is less.
How is your payout from Paytm calculated?
2. Recharge Services
They are linked with all the existing telecom service provider in the market, also metro card can be recharged and a specific commission is fixed. Again Commission 🙂 More user uses Paytm, more Paytm earns.
3. Bill Payments & Ticket Bookings
With the help of Advance technology, the Internet has made our lives simple and Paytm made is simpler. Save more with Paytm, avail exciting deals & cashback offers while paying a postpaid bill online. Be it Water Bills, Electricity Bills Paytm convert them into lifetime customers 🙂 Ticket bookings and any bill payments and what not!! But How do they earn? Commission 🙂
4. Payment Gateway Solutions
Gateway solution is a one-time investment and mode of revenue is the same. Commission 🙂 Although Gateway option setup is free along with maintenance charges but company charges a commission of 1.99% on every transaction.
Top linked accounts
5 Paytm Wallet
Paytm is a semi-closed wallet and it has been approved by RBI (Reserve Bank of India). It can be used to pay for anything and almost everywhere. According to RBI guidelines, Money deposited by users in Paytm Wallet is deposited into an Escrow Account with a partner bank.
And Interest is decided based on an average of the deposited amount in a certain period ( almost 58 weeks)
Whenever we receive a cashback, why does it stored into a wallet and not into our bank account? There is a reason J Whenever you transfer money to the bank account, Paytm charge a little commission.
6. Digital Gold
Paytm has launched Digital Gold in partners with MMTC-PAMP allowing users to buy even gold worth 10 rupees. Yes, 10 Rupees and so on.
Paytm has launched Digital Gold in partners with MMTC-PAMP allowing users to buy even gold worth 10 rupees. Yes, 10 Rupees and so on. How do they earn? Their commission no matter if the price of gold rises or not Also, company main motive of Digital Gold was to create a platform where user can buy gold and store it in a digital form but the user can also use the same gold to buy other services, be it recharge or bill payments.
7. Paytm Payment Bank
With the launch of Paytm Payment Bank, Paytm aim to bring banking and financial services to half-a-billion un-served and under-served Indians. Also, Paytm is linked with financial institutions and banks to sell their products and services like investments, loans etc. They earn a specific commission. QR codes can also be scanned at various points(issues debit cards). You can open a zero deposit digital current and savings bank accounts at an interest of 4%p.a. Balance deposited above ₹1 lakh is shifted to a fixed deposit(FD) at an interest rate of 7% p.a. How do they earn from a Bank?
8. Coupon codes/Voucher cards
They are linked with surplus brands.
Their whole business is based on commission. Let’s have a look at some of the data:
Founded
2010
Head office
Noida, Uttar Pradesh, India
No. of employees
13,000
Total Funding amount
2.2 Billion
Investors
Softbank, SAIF Partners, Alibaba Group and Ant Financial
No. of Acquisition
11
APP Downloads
more than 100 Million
Website Traffic
53,540,050 Monthly visitors
NET Losses
Losses swelled to Rs.1606.05 crore
Board of Members Team
8 Members
Competitors
Freecharge, Mobikwik, and RechargeitNow
Also, Ratan Tata is involved in investing in Paytm. So have a look at some of their Marketing Campaigns:
Involvement of Bollywood: Good Marketing Strategy? Let me in the comment section below: B
URI Surgical Strike Paytm Campaign:
Akshay Kumar says #Paytmkaro for 2.0 Campaign:
Latest Updates: Rana Kapoor who is the Co-founder of Yes bank is in talks with Vijay Shekhar Sharma – the Founder of Paytm.
Rana Kapoor wishes to sell his own and his family’s stake in yes bank for Rs 1,800-2,000 crore to Paytm. The investment firm, Rana Kapoor and his family members together control a 9.64% stake in Yes Bank.
Still, there is no confirmation about the news, but both the companies are still negotiating on the price and other related issues.
Leading digital payments service Paytm on Wednesday said it is in the process of hiring over 1,000 engineers, data scientists, financial analysts among other positions for tech and non-tech roles. Paytm in April announced to hire over 500 people for multiple roles, aside from continued hiring in product and technology and the current move is to ramp up recruitments for expanding its financial and wealth management services.
Paytm has grabbed 50 per cent share in the payments to merchants (P2M) segment in India and the financial services platform has emerged as the most integrated payments provider in the fintech space.
Paytm has just seen a hit by online scammers where 190 Paytm users duped of Rs 1.13 crore on the pretext of KYC update.
Paytm Money, the wealth management arm of One97 Communications, has softly launched a stockbroking feature within the app. The company has been planning to launch a stockbroking service.
I hope you like this Paytm Case Study, let me know in the comments if I missed out anything. Paytm Website Audit: Lapaas seo audit
UPDATED ON – 26/4/19
FAQ’s
Paytm Case Study
Paytm one of the biggest Fintech Company of Indian which has become a case study for Harvard University students. Revenue of Paytm was 3579 crores that is 500 million dollars in 2019. Paytm earns throughs varios business like Market Place which it runs by the name of Paytm Mall, and other recharge services, bill payment, Ticket Boking services as well.