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Financial Products for women in India

Personal Finance

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January 17, 2015

Women’s are becoming self-sufficient today. Women prefer to make their own financial decision parenting to financial planning and investment. Keeping specific needs of women’s in mind many financial products are available in market. These products are meant to bring financial independence for women’s. Let’s take a look at financial products available for women’s in India.

Saving Accounts of Women

Banks are offering special saving accounts for women’s. These accounts come with extra benefits like lower average minimum balance, personal accident insurance, rewards and discount schemes. Various bank accounts and benefit offered by bank are given below.

Advantage Women Saving Account – ICICI Bank

Main features of this saving account are:

Unlimited cash withdrawals at any bank’s ATM – Free
Specialized Women Debit card with high withdrawal limits
Zero Balance Facility with recurring deposit of 2000 Rs/- per month for six months
Money Multiplier facility for earning higher interest on ideal money
Free multi city cheque book facility
Internet Banking facility

Super Shakti Account – IDBI Bank

Main features of this saving account are:

Zero Balance Facility
Two free accounts for their children’s age below 18 years
Auto sweep out & sweep in facility
Women’s International ATM card
50% discount on Demat AMC
25% discount on Locker Services

Silk – The saving Program for women – Kotak Bank

Main features of this saving account are:

The non-maintenance charge on the child’s account has been waived off
35% Discount on Locker Rental for first year
Higher Debit card withdrawal limit -75,000 Rs/- per day
Enjoy 5 Free movie ticket per month – Total 60 Free movie ticket per year
Up to 4500 Rs/- cash back on silk debit card on purchasing of grocery, health beauty product, apparel, hotel dining etc.

ATM Cards for Women

Keeping women’s need in mind several banks are offering special types of ATM cum debit card let’s take a quick look on the same.

Women’s Advantage Debit Card – HDFC Bank

Main features of this ATM Card are:

5% Cash back on all shopping at merchant outlets and online
Free Insurance cover of 2 lac
Fuel charge reversal facility on BPCL petrol outlets

Ladies First Debit Card – Axis Bank

Main features of this ATM Card are:

Discount Benefits on Spa & Salons like Lakeme, VLCC etc.
Loyalty Rewards program on purchase of grocery & apparels
Lost Card Liability & Purchase Protection of up to Rs. 40,000

Insurance Products for Women

Special Insurance policies are available in market for women’s. These products are designed to cater specific need of women such as complication of pregnancy, critical illness benefit including cervical cancer. Let’s take a look at insurance products for women.

Jeevan Bharti – LIC

LIC Jeevan Bharati is exclusive money back plan for women. This plan provides accident benefit & critical Illness benefit for pregnancy. This plan also provides survival benefits.

Woman First- Birla Sun life

Woman First plan from Birla Sun life provide covers for critical illness like heart attack, stroke and cancer. This policy also covers pregnancy of women and related diseases. This plan also provides 3% guaranteed return.

Loans for Women

Various banks and lenders also provide lucrative loan offers to women. Home loan, Education loan, Marriage loan are offered to women at lower interest rates.

Star Mahila Gold Loan – BOI

Star Mahila Gold Loan is offered to women for purchasing gold or gold ornaments. This loan is offered at 13% interest rate. 80% loan is provided on gold or jwellery value.

Dena Shakti – Dena Bank

Dena Shakti is loan provide finance to women entrepreneurs for conducting small business – manufacturing or service, retail trade, agriculture & allied activities. Maximum loan offered under this scheme is 20 lac. Interest rate is as per RBI guideline 0.25% concession is given to women based on certain guidelines.

SBI Home Loan

SBI is offering home loan to women at reduced interest rates. To avail this loan women should be sole applicant or should be first owner in case of joint ownership.

Purpose of this article is to provide information about financial products of women. We request to understand product in detail before making any investments.

Hope you enjoyed reading this article. Do share your views on above.

Warren Buffet Advice for 2015

Investment

Shitanshu Kapadia

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January 10, 2015

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Warren Buffet, 84, World’s most distinctive investor with net worth of more than USD 73 Billion. Warren Buffet is also known as “Oracle of Omaha”. He is considered as most successful investor of 20^th Century. Warren Buffet is chairman and CEO of Berkshire Hataway. He is self-made billionaire and 4^th richest person of the world. Few unique facts about warren Buffet is given below.

10 Unique Facts about Warren Buffet

Warren Buffet was aware about power of stock market from beginning he purchased first stock when he was 11.
99% of his wealth was earned after his 50th birthday.
Warren Buffet earned the average American annual income in 2 Minutes.
Last year he made $13.5 Billon. This work out to be $37 Million a day.
Warren Buffet Donated $25 Billon till date for philanthropy.
Warren Buffet converted clothing company to insurance company successfully.
Berkshire Hathway shares topped $200,000 last year. Perhaps most costly stock. If we convert in INR one stock will cost 1.25 Cr.
People stand in line to get a photo with his wallet.
Buffet spends 80% of his day in reading.
He generated 99% of his wealth from Investments.

Warren Buffet Advice for 2015

Put your Estate in Index Funds

In his 2014 letter to Berkshire Hathaway shareholders, Buffet suggested to put 10% of the cash in short-term government bonds and 90% in very low-cost S&P 500 Index fund.

Stay away from Bitcoin

Bitcoin is the method of transmitting money anonymously. It is open source peer-to-peer money transfer worldwide. Although bitcoin is gaining popularity warren buffet advice to stay away from bitcoin.

Learn How to read financial statements

In 2015 warren buffet advice investors to learn about financial statement, Take appropriate accounting course this year.

Focus on Saving, Not Getting Rich Quick

Warren buffet says that one should make habit of saving at early stage. Start slowly and remember there is no shortcut to get rich quickly.

When stock prices drop, Buy – Don’t Sell

Follow simple rule while dealing with stock market. Fall in stock price is opportunity to buy.

Stop Pretending to Be an Expert

Don’t imagine yourself as expert. Keep things simple and don’t swing for fences. When someone promised quick profit, respond with quick NO.

Infographic Reference – Fin24

Follow these simple advice from Warren Buffet in 2015 and become successful investor.

21 Online Business Ideas with low investment

Business Ideas

Shitanshu Kapadia

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January 8, 2015

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Ever dreamed of ditching the 9-to-5 grind and becoming your own boss? Well, you’re in luck! In today’s digital world, starting an online business doesn’t have to cost an arm and a leg. With just a laptop, a sprinkle of creativity, and some elbow grease, you can launch a venture that fits your lifestyle. This article dives into 21 online business ideas with low investment—ideas that won’t leave your wallet crying for mercy. Plus, we’ll sprinkle in a dash of workflow automation to make your life easier. From blogging to dropshipping, these opportunities are perfect for anyone looking to dip their toes into entrepreneurship without breaking the bank. So, grab a coffee, and let’s get rolling—your future empire awaits!

21 Online Business Ideas

Content Creation

Content’s where it’s at these days, and you don’t need a big budget to shine. With a bit of know-how and some automation tools, you can turn your passion into profit.

1. Blogging

Blogging’s a classic for a reason! Pick a niche you love—say, travel or tech—grab a cheap domain and hosting (think $50 a year), and start writing. Use tools like Buffer to automate social media posts and watch your audience grow. Monetize with ads, affiliate links, or your own products. It’s slow going at first, but stick with it—pretty soon, you’ll be raking in cash while sipping coffee in your pajamas!

2. Affiliate Marketing

Wanna earn commissions without creating your own stuff? Affiliate marketing’s your gig. Promote products on a blog or social media, and cash in when folks buy through your links. Automate email campaigns with Mailchimp to keep your audience engaged. Choose products you’d actually use—trust me, your readers can smell a fake pitch a mile away!

3. Podcasting

Podcasting’s booming, and you don’t need much to join the party—just a decent mic (under $100) and a hosting platform like Buzzsprout. Record episodes on topics you’re jazzed about, and automate uploads with scheduling tools. Sponsorships, donations, or your own merch can line your pockets. Who’d have thought talking could pay so well?

4. YouTube Channel

Lights, camera, action! Starting a YouTube channel’s a blast and super cheap—your smartphone’s camera is plenty to start. Create videos on whatever tickles your fancy, from DIY hacks to gaming. Automate uploads with YouTube’s scheduler and earn through ads or sponsorships. Keep pumping out quality content, and you’ll be a star in no time!

20 Business Ideas with No Startup Cost

Services

Got skills? Offering services online is a fast track to cash, and you can automate the boring bits to focus on what you love.

5. Freelance Writing

If words are your thing, freelance writing’s a no-brainer. Write blog posts, ads, or even books for clients on platforms like Upwork. Use tools like Grammarly to polish your work and Zapier to automate client follow-ups. Before you know it, you’ll have a steady stream of gigs—and all you needed was your trusty laptop!

6. Virtual Assistance

Busy folks need help, and virtual assistants save the day! Handle emails, schedules, or data entry from home. Automate repetitive tasks with Trello or Asana to stay on top of things. Network or sign up with sites like Belay to snag clients. Organized and ready to roll? This one’s for you!

7. Social Media Management

Social media’s a jungle, and businesses need guides. As a manager, you’ll whip up posts, engage followers, and track stats. Tools like Hootsuite automate scheduling, leaving you free to brainstorm killer content. If you’re glued to Instagram anyway, why not get paid for it?

8. Online Tutoring

Know your stuff in math, languages, or history? Online tutoring’s a goldmine. Teach via Zoom or platforms like Chegg, setting your own hours. Automate bookings with Calendly—less hassle, more teaching! It’s rewarding, flexible, and doesn’t need much to start.

9. Web Design

Building websites is hot, and you don’t need a fat wallet to begin. Use Wix or WordPress to craft stunning sites for clients. Automate client updates with email tools like ActiveCampaign. Got design chops? A portfolio’s all you need to land your first gig!

10. Graphic Design

Logos, posters, social graphics—graphic design’s a creative cash cow. Start with Canva or Adobe Spark (cheap or free options) and automate client proofs with Google Drive. Pitch on 99designs or social media. Eye-catching work dangling in front of clients? They’ll be hooked!

11. SEO Consulting

SEO’s the secret sauce for online visibility, and businesses crave it. Help them rank higher with keyword tricks and analytics know-how. Automate reports with SEMrush or Google Data Studio. It’s a skill worth learning—clients will pay big to be found!

12. Online Coaching

Life, fitness, or career coaching—whatever your expertise, people need guidance. Host sessions via Zoom and automate scheduling with Acuity. Certification’s a bonus, but passion sells too. Build a site, share your story, and watch clients flock to you!

13. Translation Services

Fluent in more than one language? Translation’s a sweet deal. Tackle docs or websites for clients on Gengo or Fiverr. Automate invoicing with Wave to keep cash flowing. Quick and accurate, you’ll be bridging language gaps in no time!

14. Transcription Services

Turn audio into text with transcription—perfect if you type fast! Start on Rev or TranscribeMe, automating file delivery with Dropbox. Specialize in legal or medical for higher rates. Ear on, fingers flying—you’re set!

15. Online Bookkeeping

Numbers your jam? Online bookkeeping keeps businesses’ finances in check. Use QuickBooks or Xero, automating reports for clients. Certification helps, but experience counts too. With more companies going remote, this one’s a steady earner!

E-commerce

Selling stuff online doesn’t mean stocking a warehouse. These e-commerce ideas keep costs low and profits high.

16. Dropshipping

Dropshipping’s the ultimate hands-off hustle. Set up a Shopify store, pick trending products, and let suppliers ship ‘em. Automate orders with Oberlo—zero inventory stress! Research what’s hot, and you’ll be selling like crazy without breaking a sweat.

17. Print-on-Demand

Design tees, mugs, or totes without touching a printer—print-on-demand’s genius! Platforms like Printful handle production while you focus on cool designs. Automate marketing with social ads. Creative and low-risk, it’s a win-win!

18. Selling Digital Products

E-books, templates, or apps—digital products are pure gold. Create once, sell forever on Gumroad or your site. Automate delivery with email tools like ConvertKit. Got a niche idea? Turn it into profit with minimal fuss!

19. Selling Handmade Crafts Online

Crafty hands, listen up! Sell your creations—jewelry, decor, whatever—on Etsy. Automate listings with Etsy’s tools and snap great pics. Small batches, big heart—buyers love that personal touch!

20. Creating and Selling Online Courses

Teach what you know with online courses—huge demand, tiny startup cost! Use Teachable to host, automating enrollment and updates. From coding to yoga, there’s an audience waiting. Plan it out, and you’ve got passive income on lock!

Other

These wild cards don’t fit the mold but still pack a punch for low-investment wins.

21. Stock Photography

Love snapping pics? Sell stock photos on Shutterstock or Adobe Stock for royalties. Automate uploads with batch tools—set it and forget it! High-quality shots dangling out there? Cash keeps trickling in!

FAQs

Got questions? We’ve got answers! Here’s the lowdown on starting your online business.

1. How much cash do I need to kick things off?
Not much! Most of these online business ideas need less than $100—think domains, hosting, or a basic tool subscription. Some, like freelancing, just need your skills and a Wi-Fi signal!

2. Do I need to be a tech wizard?
Nope! Sure, web design or SEO takes some know-how, but blogging or tutoring? You can learn as you go. Free tutorials are everywhere—YouTube’s your new best friend!

3. How soon can I see some profit?
Depends on the gig. Selling digital products might pay off fast, while blogging takes months to build. Keep at it—good things come to those who hustle!

4. Can I do this part-time?
You bet! Start small—nights or weekends—and grow as you go. It’s perfect for testing the waters without diving in headfirst.

5. What’s the catch with these low-cost ideas?
No huge catch, but risks like competition or slow starts exist. Workflow automation helps—streamline tasks and stay ahead. Plan smart, and you’ll dodge most headaches!

Conclusion

There you have it—21 online business ideas with low investment to kickstart your entrepreneurial dreams! Whether you’re spinning content, offering services, or selling goodies, these opportunities prove you don’t need deep pockets to succeed. Toss in some workflow automation to keep things humming, and you’re golden. Success won’t land in your lap overnight, but with grit and a solid plan, you’ll get there. So, what’s stopping you? Pick an idea, dive in, and build something amazing—your future self will thank you!

Employee to Entrepreneur Call – Starting your First Business

Business Ideas

Shitanshu Kapadia

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December 23, 2014

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Employee to Entrepreneur Call – Starting your First Business

Becoming successful entrepreneur from employee is not easy job. You need good business idea and lot of money for investment. It is always advisable to do job before starting business.

Why you should do Job before starting your First Business?

Take up a job in the field where you want to start your business. Start learning important skills required to start business. Work to learn, not to earn. Important skill for starting own business is communication skills, leadership skills, sales, Team building, Negotiation, Tax laws, business tactics etc.

Try to grab knowledge as much as you can. Once you are acquainted with business knowledge it is time to start part-time business keeping your day time job as it is.

Biggest mistake people make is they work very hard for earning money. In order to earn more money they take part-time job. If you really want to go ahead in life you keep your day time job and start part-time business. You will find majority of big business in world were started part-time.

As you know it is very good to become entrepreneur than why every employee is not becoming entrepreneur, few pointers in this direction are given below.

Reasons – Why Employee to Entrepreneur call is Difficult

Vision

First thing which is required to become entrepreneur from employee is vision or dream. You should be clear about what you want to do in life.

Remember “If you don’t build your dream someone will hire you to help build theirs.”

Mindset

It also demands strong mindset, as quitting steady job and entering in to field of uncertainty is not easy. Only few employees can make it.

Steady Income

Another thing which stop employee from entrepreneur call is steady income. Human mentality sees steady income if it is coming day by day from Job, why to start business.

Fear of Failure & Job Security

Fear of Failure and Job Security is another aspect which employee thinks before taking further steps towards business.

Success Examples – Employee Becoming Successful Entrepreneur

Dhirubhai Ambani

First success example which I would like to give is of Shri.Dhirubhai Ambani, who inspired us even today. Dhirubhai Ambani was one man army he built “Reliance” single largest private sector company of India.

Dhirubhai Ambani was petrol pump attendant, but he had a dream to build largest petro chemical refinery in India & he succeed in turning it in to reality.

N.Narayan Murthy

Another success example is N.Narayan Murthy founder of Infosys. Infosys is most admired IT Company it was built by seven promoters with no political background or family wealth.

Before starting Infosys, Murthy worked with Patni Computer system and in IIM Ahmedabad as chief system programmer.

Nandan Nilekani

Nandan Nilekani is another example. He was cofounder of Infosys. He was working with Patni Computer systems. His family and friends opposed him a lot when he decided to give up job for business.

In our billion people country India, such examples are very rare.

I hope few of you will be inspired after reading this article and will take employee to entrepreneur call.