Binny Bansal, one of the co founders of Flipkart, led quite an interesting life before becoming one of the most sought after entrepreneurs in India. For Binny Bansal, Flipkart came into existence not because it was his dream project, but because Google refused to give him a job!
The early life
Back in the day, Binny Bansal’s primary love was technology and anything to do with technology. In fact, he loved the machine world so much, he even took a couple of courses on artificial intelligence and machine learning. Fresh out of IIT Delhi, Bansal realised his friends were all getting placed in various high paying jobs. While he did apply to these jobs, nothing excited him. This was when he knew he was right about the first love of his life: technology!
Taking the choice to jump from working for a MNC to working for himself was a tough choice for Binny. While there was a strong sense of comfort and satisfaction in taking home a regular package, that spark of excitement was missing. When he was introduced to Sachin Bansal, Binny realised he had finally found his calling! Despite an e commerce platform not being his first choice, Binny Bansal knew he was finally working on something he loved.
The beginning of Flipkart
The beginning days of Flipkart were hard. Binny and his partner worked out of a one bedroom apartment, with no real help. The first challenge Binny and his partner, Sachin Bansal, faced was to convince people to invest in their idea. Out of the 40 bookstores they approached, only two people agreed. With the salary Binny had saved from his previous job, the Bansals kicked off Flipkart. Despite having a steady cash flow, getting people to find out about their business was slightly tough. The Bansals sold less than 10 books during the initial Flipkart period.
While initially starting off only as a book delivery platform, the idea of Flipkart started spreading and Binny realised the time had come to expand the company’s product range. One of the key reasons for Flipkart’s massive growth is that both the Bansals decided to never run out of cash. Only when they had enough money and bandwidth for another category, would they decide to expand their services. Through the years, Binny Bansal helped grow Flipkart so much, it started competing with the likes of established platforms like Amazon, Big Basket and Alibaba.
Even though Binny and his partner did not have the kind of technological capabilities which today’s entrepreneurs have, they were always a step ahead of their game. Every move Binny took was to better Flipkart’s overall growth. With his heart invested in finding the right kind of investors for his business, to growing it one job at a time, Binny turned Flipkart into the largest e commerce platforms not just in India all over the world as well!
When Flipkart was in talks of being acquired by Walmart, there was nothing being said about one of the founders leaving the platform. Which is why the news of the exit was such a massive shocker!
Binny Bansal and life after Flipkart
Despite quitting Flipkart, the man who gave birth to it refused to stop being an entrepreneur. Bansal is now working on a different startup and is also helping about 10,000 startups grow and become the next Flipkarts of India!
Founded and funded by Bansal and ex McKinsey consultant Saikiran Krishnamurthy, this startup aims at targeting series B and C startups and will offer them help by giving them software tools. By helping these startups grow, Binny Bansal has made sure to use the tools he learnt during his Flipkart days for the betterment of people who are working on their own startups!
From being rejected by investors, to quitting the Company to which he gave birth and to starting out on the journey of helping other startups, Binny Bansal has lived through a lot. If you think we missed out on any other life facts about Binny Bansal, comment and let us know!
OnePlus 7 And Everything You Can Expect
OnePlus has been on a roll lately. While its recently launched OnePlus 6T is still making quite a buzz, rumours of a new phone from the series, the OnePlus 7, have started doing the rounds. Here is everything we can expect from the brand new OnePlus 7!
Like every other phone from the series, the new phone is going to adapt a new design as well. According to the rumour mill, the OnePlus team is going to create a slide mechanism to hide the front camera. The advantage of this? It allows for a full screen display, without any notches hindering the user experience. While other phone makers have adopted this technique, this is the first time a design like this will be seen in a OnePlus phone.
2. Triple rear camera
One of the supposed new additions to the OnePlus 7 is a triple rear camera. A popular feature in other high end smartphones, the OnePlus is going to include 48, 20 and 5 megapixel cameras, while the front is likely to have a 16 megapixel camera. Moreover, a leaked image of the new phone shows a cutout hole protruding from the top edge. This could also signify the presence of a pop up selfie camera in the new OnePlus phone, a feature present in the Vivo Nex and Oppo F11 Pro.
According to the leaks, the new OnePlus 7 phone is going to come with either an 8 GB or a 12 GB RAM. Furthermore, the Company is planning to ditch the wireless charging feature for this phone. Why? Because the cable being used is of an inferior quality and at this point, OnePlus doesn’t want to use anything that isn’t less than perfect. Incidentally, since its decision to give up the fast charging wire has been confirmed, OnePlus said, the new phone is most likely going to come with a 4,000 mAH battery with fast charging. People are also likely have the choice of getting a phone with either 128 GB or 256 GB internal space.
According to the rumour mill, the new phone is going to cost around $ 549! While the new phone may be a little steep as compared to the other phones from this series, it is still cheaper than phones like the Samsung Galaxy S9 and Note 9.
While no clear indications have been given about the launch of the new OnePlus phone, the specifications definitely look exciting! What is the feature for which you are looking out the
Search Engine Marketing And Its Different Forms
In the basic sense of the term, search engine marketing is defined as a process which increases your site’s online visibility. While the basic sense of the term may sound simple, SEM in fact inlcudes various layers and types which ensure it is one of the most used forms of online marketing in recent times. To give you a clearer and simpler understanding of what SEM really is, we have narrowed down the different types of search engine marketing here!
1. Search Engine Optimization
Search engine optimization (SEO) is the process of using techniques which come together in order to help improve your webiste’s online presence and in increasing the kind of traffic your website gets. By using a combination of things like content, keywords and website design, SEO, when done right, is directly responsible for an increase in the kind of revenue and footfall your website has on a regular basis. Just remember that at the core of things, SEO is all about the way you use the keywords at your disposal. While mostly meant for sites with HTML, SEO can also be used for new websites and links. Part art and part science, search engine optimization is one of the best ways to increase your website’s online presence.
2. Search Engine Advertising
Unlike Search Engine Optimization, Search Engine Advertising follows a different principle. Based on a PFP model, search engine advertising works through paid forms of marketing. This essentially means that you pay a certain amount to ensure a higher rank in search engines. In order to make the most of your PFP campaign, you need to keep an eye on the following five factors:
- Bid Price
- Keyword Selection
- Ad Distribution
- Ad Copy
- Effective Landing Pages
Only when and if all the five factors come into place can your search engine advertising campaign result in success.
3. Paid Submission
When it comes to paid submissions for search engine marketing, the process is different. In this type of marketing, people pay a certain amount to have their websites reviewed by professional editors. While there is no guarantee that you are ensured an entrance in to the directory, paid submission is still a much appreciated form of search engine marketing. To simplify things further, a successful directory campaign is based on how effectively you use your budget and keywords.
Search engine marketing becomes a success only if you use all the tools at your disposal. If you think we missed out on any other types and forms of search engine marketing, comment and let us know!
Jack Ma Life Lessons
Jack Ma, the first Chinese entrepreneur to feature on Fortune’s “World’s 50 Greatest Leaders” 2017 list, gave birth to Alibaba from just an idea to an institution. Running Alibaba, one of the largest e commerce platforms in the world, Jack Ma has led an inspiring life. Here is taking a look at some truly inspiring life lessons from Jack Ma, the man behind the second largest e commerce platforms in the world.
Jack Ma Life Lessons:
1. Accept rejection
According to Jack Ma, rejection is a part and parcel of life. Born to an extremely poor family, Ma realised early on, in order to get something in life, you have to keep struggling to make sure you succeed. His first major taste for rejection happened when he was 23. KFC was opening its Chinese stores and Ma thought this was the best way to make some much needed cash. However, when he applied, he was the only one amongst 24 people to get rejected. This was not the only time he got rejected from something he really wanted. Even his dream college, the Harvard University, rejected him not once, but ten times. If Jack Ma had given up and stopped trying to make a life for himself, Alibaba would not be what it is today! Therefore, in order to reach your goals, you have to accept the rejections as they come and continue working hard.
2. Ignore the negative people in your life
There are always people in your life who are going to say no to whatever idea you have. The best way to ignore the negative people in your life is by accepting your dream and working hard to make them come true. The first startup he created, Alipay, was rejected by not just his acquaintances, but by his friends as well. If he had listened to the negative comments and shut down the site because people didn’t like the idea, Alipay would not be the largest mobile payments platform. Moreover, people in China wouldn’t have been introduced to a new form of online payments had Jack Ma not worked on the idea despite the negative people.
3. Let your vision have a positive impact on society
One of the things Jack Ma truly believes in is, it is important for your vision to have a positive impact on the people around you. Most people create businesses which help generate revenue for themselves. However, Jack Ma was slightly different. He constantly focused on creating a platform which not only changed the way people shopped online, but also had a positive impact on his employees and colleagues. Furthermore, he realised very early that money isn’t the driving force for success, helping other people is. Through this vision, he made sure everything he did was to impact the society in a better way!
4. Don’t allow the past to dictate your present
According to Jack Ma, your past life isn’t an indication of what works and doesn’t work for the present. If you are too focused on how things worked in the past, you stop thinking of how to change the game for the present. Using this principle in everyday life, Ma made sure that whatever he does, he doesn’t stop thinking of how to work on the next big idea!
5. Your customers are always your priority
According to Jack Ma, customers always come first, no matter what. Next come the employees and then, the shareholders. According to Ma, the shareholders always come and go, but the customers will always be the most important thing for the growth of your company. Customers are the ones who drive your company forward and are the ones who give you the push to make something great.
Jack Ma has always ensured that everything he does, he does it for the betterment of the people who work for him. With success lessons like these, it stands to see that the man has led a truly inspiring life. If you think we missed out on any other life lessons from Jack Ma, comment and let us know!
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