We often hear people blaming the present generation and calling them inefficient, easily bored and irritable. But what we often fail to understand or acknowledge is the fact that people today, including the previous generation (our generation), have the zeal to try something new.
The youth today is not conformist. It is wild. It believes in trying out the new, venturing into unexpected yet promising new territories and digging out the gold from there. With the help of developing new and latest technologies, these entrepreneurial possibilities have gotten new meaning and direction.
But doubt is like the night dew that dampens every dry twig of hope and makes it impossible to light the fire of success. This is why we thought of putting together an article on the most common myths regarding starting a new business.
Myth no. 1
You need to have a great idea
Well, really, it’s not that important. The digital age has given rise to the service sector like never before. But reaching and accessing service providers has turned into a whole new entrepreneurial playfield by itself.
This is why more and more people are turning to services that essentially act as platforms that bring service providers together with customers. So, there’s no need for a new idea. Take something existing from the market, invest in it and turn it into a successful business.
Presently people are more dependable on the services that are provided through on-demand apps. But in those many services of one kind, there are only a few of them that provides the best in class services to their customer. Not all show good results. So, to stand ahead from these service providers, you don’t need to have any plan or strategy. You just have made a few changes in the existing one that is not suitable for the customers. You just have made them usable for those who are facing problem in the existing services through other similar apps.
Myth no. 2
One idea at a time
Gone are the days when people would have to wait to see if one thing was being successful before they ventured into the next idea. Today is the time for parallel processing. Have two ideas or three? Launch them together. All you need is a bit of capital and a push in the right direction.
If you will have multiple ideas in one package, people will definitely be attracted towards your working concept. No one will go on different apps for different services. Because it will be a waste of time for the customer to wait for different services to arrive from different applications. Let your customer place a request for multiple services from one place so that they can receive everything at the same time.
Myth no. 3
Starting any business needs lots of money
The shape of the business has changed today. Businesses aren’t restricted to complex processes like production, maintenance, and development. With a swift and clear shift towards information technology, the capital required for any business in the app field or information technology segment has reduced majorly.
These days, the term “appreneur” is quite popular. This basically means an entrepreneur whose business is based on various kinds of mobile and web applications. This brings down the requirement of heavy investment and can give a business with high returns on very little investment.
Money investment is not the only way to make your business successful. If your ideas and planning are robust to hold up your business pillar-free, you won’t require much money invested. As a seamless service you will provide to your customers, the more you will earn.
Myth no. 4
Cloned apps are illegal
Cloned apps come with licenses. It is completely legal and one of the best options for business today. These apps basically have been created legally and are based on openly sourced scripts of the pre-existing apps with successful business models. This means that the initial step in research and development is completely obliterated, thereby saving a whole lot of money.
Nowadays, business through clone app has become a trend. For every on-demand service, there are hundreds of apps available through which an individual can place a request. Cloned apps are available with their licensed source-codes through an owner of an app can make whatever changes he/she wants. The flow of app customization is free from every section of a cloned app.
These apps have also been used by millions of users globally. Therefore, it is bound to be successful and is very easy to be approved and launched over the Google Play store and iOS stores.
Money In An App Based Business
The app based business is essentially money churners that require little or no effort from the site owners. The apps are designed in a way that they do all the money computing and assessment by themselves. Since the service providers are independent vendors, there is no investment in building inventory.
The apps work in a way which makes sure that every time a user uses the app to book a particular service. The app owner gets a pre-decided commission. Not actually pre-decided but the owner has got all the power to decide the amount of commission from an admin panel. Admin panel is a web-based tool that has full control of an app and the only owner has its credentials. It is used to make an important change in app services.
This ensures that the app owner is required to make only an initial investment in buying the app and its set up, while the income continues to build over with more usage.