June 18, 2008

INTERNET RICHES for Indian Entrepreneurs - II

In continuation to the previous article by Scott Fox , author of the best selling book Internet Riches[who is the Guest Writer on this blog]; let us now look at the remaining two factors that would help to create more online opportunities for Entrepreneurs in India.

"I" in the article refers to Scott Fox.

4. India's English Triple Advantage
With their 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, 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 half 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 CraigsList 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.

With this closing remark from Scott, I would like to thank Scott for being a guest author on ThoughtsPrevail and hope to see him back in the near future !!!

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At Jun 19, 2008, 3:17:00 PM , Anonymous Anonymous said...

very good read!!! definitely worth the time on the 2 articles!

Thanks Himanshu for bringing Scott Fox onto your blog!!!

Congrats and keep the works rolling!!! You seem headed to become india's very own Seth Godin!!! :)


At Jun 19, 2008, 5:27:00 PM , Anonymous Anonymous said...

Hi Himanshu..Nice article va simple and to the point keep it up

Nitin Taneja

At Jun 20, 2008, 11:29:00 AM , Blogger Himanshu Sheth said...

It is nice to see you back on my blog :) Yes,It is a privilege for me(and for the readers) to have an article by Scott Fox !!!

You seem headed to become india's very own Seth Godin!!! :)
>> Long way to go before I can even get "S" from "Seth Godin" :)

-Himanshu Sheth

At Jun 20, 2008, 11:32:00 AM , Blogger Himanshu Sheth said...

Thanks very much for the appreciation and spending time on the article.

Hope to see you again in the future.

-Himanshu Sheth


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