How to Start Online consultancy service In India
Because of increasing per capita income and GDP of India ,The people of India are being more engaged in online life,the people also have loneliness in their relationships as well as in their financial life also they used to take consultancy from an expert who has been faced such issues or who has been taken out various persons from such Issues.
If you are an expert or you had faced such issues and overcome your problem then you can become an Online consultant.The main work of the online consultant is to guide people and give better ideas and give motivation to the people to get overcome from the situation in which they are being faced in right now.
Either you may have helped various people, you can also make your bio interesting such that people should be engaged. Their are many online consultant nowadays but I will suggest you must have your cheaper price in the starting face of you consultancy services because then the people in the saving many because the Indians famous for saving money and because of that they used to prefer things which is less have cost so I will suggest you to have low minimal cost for call and chat,which you provide on your website.
This will help you to earn money online with the help of online consultancy now let's discuss them briefly,
Overview
The increasing competition among nations in terms of GDP, Per-capita, Infrastructure and standards of living.
Then the increasing competition among the individuals in terms of self actualisation, social standing, status, need for recognition etc are the main reasons behind the development of various businesses, startups and professions
These aspects today would have been otherwise if it wasn’t for the assistance these businesses have earned in terms of consultancy, a business which involves pushing up other businesses
The consulting industry in India is worth ₹19,000 crore today with 2.2 lakh people working in it. The highly concentrated consulting services are present in Delhi-25.7%, Mumbai-25.5%, Chennai-12.1% and Calcutta-9.1%.
As you can clearly see the market capture of online Consultancy in India.
Market potential and uses Of Consultancy
Online consultancy service, it involves helping people who specialise in helping clients resolve any issues, projects and problems which are business or profession oriented at an online space or platform
If you have the skills for analysing information and identifying the best and the most profitable path for a business undergoing any change then you are all set to get started with this business.
The online consultancy business is venture based, your project and your deal with the company gets over as soon as your advice, suggestion and consultancy has been comprehended by the client.
Because of the growing needs of constant assistance in the dynamically changing economical, political, demographical, legal and social environment the consulting service has now paved its way online, a business opportunity you cannot afford to miss out on .
Types of consultancy services in India
•Strategy consulting
•Marketing consulting
•Operation consulting
•Financial consulting
•HR consulting
•Compliance consulting
•Technology consulting
•Legal consulting
•Sustainability consulting
•Sales consulting
•Wellness consultancy
•PR consultancy
On the basis of use of online consultancy services
•For seeking an independent advice
•For keeping with the changes in the business environment.
•For starting up a new business immediately
Source for temporary expertise
•For decision making
•For time saving purposes
Advantages of consultancy services
•Fast paced
•Constant learning
•Challenging and rewarding
Process of establishing an online consultancy service
•Identify your expertise
•Get the license you need
•Identify your target market
•Build your profile
•Get started with your work
•Licenses required
•The license required to set up an online consultancy service is
•Company registration
•GST registration
•Trademark registration
$Investment required$
•The investment required to set up an online consultancy service business is ₹50000-₹1 lakh.
Also read :
Target consumers
The target consumers for this business are as follows
Startups: The major target customers for your business are startups who require assistance in terms of tax, funding, HR, strategy and legal consultancy
MSME: The medium and small scale enterprises also require your consultancy service for the pupated of expanding their business in terms of marketing and strategy consultancy
Online businesses: The newly established e-commerce business are the major target customers for your online consultancy business in terms of seeking consultancy for the purpose of compliance, sales etc
Students: Students from colleges and schools are also your target customers for the purpose of seeking career oriented advice in terms of further education like masters, PG courses etc through your online consultancy services
Social media: Platforms like LinkedIn are also your target customers which aim to boost the presence of their business on that platform and could use your consultancy services to broaden it.
This all were the increasing type of online Consultancy in India.
Area required
The area required to set up an online consultancy service is based on the size of operations.
•Can be done from home
•An office set up would require 200-600sq ft
•Raw materials required
The raw materials required to set this business up is
•Computers.
•Printers.
•Software.
•Logo and brand.
Manpower required
The manpower required to set up this online consultancy service is 5-10 skilled employees
#Business model and growth#
•The business model of an online consultancy service can be defined using these four variants
Value proposition: The value which this business is likely to provide to you is
•No/minimal investment
•High profit margin
•Large target customer base
•Target consumers: The target consumer for this business are
•Startups
•Online business
•E-commerce websites
•Social media
•MSMEs
Competitor review: The competitors to your online consulting services are as follows
•Kelly services India
•ABC job placement
•Randstad
Marketing strategy: The marketing strategy that can be implemented by your business are
Google listings
Presence on social media
Pamphlets and hoardings
Growth
The online consultancy business in India has witnessed and has the potential for the following growth prospects
The online consultancy service in India is expected to grow at a CAGR of 30%
The increasing number of startups and e-commerce based business has increased the presence of online consultancy businesses
Profit margin
The profit margin which this business is likely to provide to you is 50-70%
Suggestions
You don’t need to consult and online consultant for this business because it’s just the business you need
*This Article Is made from various sources*.
Thanks For reading