Components of blog:
◊. about the company/business idea:
With the rapid technology upgradations, the electrical industry sector is growing globally. Generally, these businesses are easy to start. Also, these are very lucrative business opportunities for electrical engineers. However, any individual having experience and knowledge can start a business in this field. In this post, we have chosen 40 electrical business ideas for your ready reference.
The worldwide electrical industry is one of the most flourishing and extremely diversified sectors. Furthermore, it consists of manufacturers, suppliers, dealers, retailers, electrical engineers, electricians, electrical equipment manufacturers, and trade unions.
The United States, Japan, and Korea are the top three electrical and electronic goods manufacturing country in the world.
The United States of America is the largest producer of electronic products in the world, contributing a total share of around 21%. Furthermore, it also occupies the largest market share with about 29% of the global market.
◊.Market Demand:
The Indian electronics industry saw growth in the early years of the 21st century, encouraged both by government policies and incentives and by international investment. Its key and most resource-intensive segment, the semiconductor industry benefitted from domestic demand growing briskly. Semiconductors were required by a large number of industries, including telecommunications, information technology, industrial machinery and automation, medical electronics, automobile, engineering, power and solar photovoltaic, defence and aerospace, consumer electronics, and appliances. As of 2015, however, the skill gap in Indian industry threatened progress, with 65 to 70 per cent of the market relying on imports.
Its demanding more and more production day by day, now the India also trying to increase the production on electronic product.
◊.Relevant Products in the market:
»Refrigerator
A refrigerator (colloquially fridge) is a home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so that its inside is cooled to a temperature below the room temperature. Refrigeration is an essential food storage technique in developed countries. The lower temperature lowers the reproduction rate of bacteria, so the refrigerator reduces the rate of spoilage. A refrigerator maintains a temperature a few degrees above the freezing point of water. Optimum temperature range for perishable food storage is 3 to 5 °C (37 to 41 °F). A similar device that maintains a temperature below the freezing point of water is called a freezer. The refrigerator replaced the icebox, which had been a common household appliance for almost a century and a half.
Domestic refrigerators and freezers for food storage are made in a range of sizes. Among the smallest are Peltier-type refrigerators designed to chill beverages. A large domestic refrigerator stands as tall as a person and may be about 1 m wide with a capacity of 600 L. Refrigerators and freezers may be free-standing, or built into a kitchen. The refrigerator allows the modern household to keep food fresh for longer than before. Freezers allow people to buy food in bulk and eat it at leisure, and bulk purchases save money.
»Smart TV
A smart TV, also known as a connected TV (CTV), is a traditional television set with integrated Internet and interactive Web 2.0 features, which allows users to stream music and videos, browse the internet, and view photos. Smart TV is a technological convergence of computers, television sets, and set-top boxes. Besides the traditional functions of television sets and set-top boxes provided through traditional broadcasting media, these devices can provide Internet TV, online interactive media, over-the-top content (OTT) as well as on-demand streaming media, and home networking access.
Smart TV should not be confused with Internet TV, IPTV, or Web television. Internet TV refers to receiving television content over the Internet instead of traditional systems such as terrestrial, cable, and satellite, regardless of how the Internet is delivered. IPTV is one of the Internet television technology standards for use by television broadcasters. Web television is a term used for programs created by a wide variety of companies and individuals for broadcast on Internet TV.
»Smartphone
A smartphone is a mobile device that combines cellular and mobile computing functions into one unit. They are distinguished from feature phones by their stronger hardware capabilities and extensive mobile operating systems, which facilitate wider software, internet (including web browsing over mobile broadband), and multimedia functionality (including music, video, cameras, and gaming), alongside core phone functions such as voice calls and text messaging. Smartphones typically contain a number of metal–oxide–semiconductor (MOS) integrated circuit (IC) chips, include various sensors that can be leveraged by their software (such as a magnetometer, proximity sensors, barometer, gyroscope, or accelerometer), and support wireless communications protocols (such as Bluetooth, Wi-Fi, or satellite navigation).
Smartwatch
A smartwatch is a wearable computer in the form of a watch; modern smartwatches provide a local touchscreen interface for daily use, while an associated smartphone app provides for management and telemetry (such as long-term biomonitoring). While early models could perform basic tasks, such as calculations, digital time telling, translations, and game-playing, 2010s smartwatches have more general functionality closer to smartphones, including mobile apps, a mobile operating system and Wi-Fi /Bluetooth connectivity. Some smartwatches function as portable media players, with FM radio and playback of digital audio and video files via a Bluetooth headset. Some models, called ‘watch phones’ (or vice versa), have mobile cellular functionality like making calls.
While internal hardware varies, most have an electronic visual display, either backlit LCD or OLED.
»Laptop
A laptop is a computer which is easy to carry around. Its user can fold the laptop along its hinge for carrying. The laptop was created mainly for this particular reason. Computer parts were scaled to smaller size so this could happen. A modern laptop is self-contained, with built-in rechargeable battery and peripheral equipment. The user can also plug it in, for longer battery life and additional peripherals.
a. Target Customers:
1. Understanding the Importance of Ecommerce Target Audience:
One of the primary concern that online businesses face is the influx of irrelevant traffic on their websites. There is no denying that the latest tools and techniques have helped many businesses drive traffic to their platforms, be it for a few seconds only. However, conversion rate from such input is almost negligible in most cases.
2. Know Your Audience
Audience in the ecommerce industry works differently from that of real world. Merchants don’t interact with customers as they would at a physical shop. Hence, judgment on one’s behaviour and personality varies at almost every encounter.
3. Picture Your Potential Customer
As an online store for sportswear, you should have an understanding of your ecommerce target market. This step can be carried out by making an individual profile for every user that visits your online store. Once determined who you have to focus on, your marketing decisions will become much easier. You will be able to selectively target a group of similar customer profiles.
4. Customer Segmentation
Now that you have created customer profiles, it is best advised to categorize your ecommerce store’s target audience. Make use of demographical information, such as name, address, user behaviour etc.
5. Surveys and Customer Feedback
Many successful entrepreneurs claim to have come up with best business-driving strategies while talking to right customers. It has become a common practice to record customer feedback right after completing business with them. Some online stores even take it a step ahead and offer brief welcoming-survey to new users, in order to take note of their needs right at the start.
6. Know Your Promoters
Once you have identified target audience for your online store, the next step is to look after promoters of your brand. Customers cum promoters are basically advocates of your business that help popularize your brand via word of mouth.
7. Stalk Your Competitors
This is perhaps one of the most important details that businesses need to take care of. It has been an ecommerce best practice among industry giants to keep track of their competitors and their strategies. In fact , this practice be seen in everyday life. Take the example of a sanitizer that claims to wash away all 100 viruses from your hands. In response, another competitor launched an improved hand sanitizer that does the same in lesser time.
8. Re-evaluate Your Marketing Efforts
Now that you have a better idea of how to find ecommerce target audience, it’s about time to go over your business plan and consider a few things.
A. Required Knowledge or Expertise:
Using a mix of science and maths, along with engineering techniques, to design, produce, install and maintain telecommunications systems.
Designing and managing equipment used to control and monitor processes, systems and machinery in many different areas.
Using and designing systems to control pressures and temperatures and to manage waste in manufacturing industries.
Writing specifications and drawing up theoretical designs to create user-friendly interfaces.
Planning projects and preparing and managing budgets.
Writing technical reports and keeping up to date with developments in technology and regulations.
Evaluating operational systems and recommending design modifications to eliminate causes of malfunctions or changes in system requirements
Using computer-assisted engineering (CAE) and design software and equipment to perform engineering tasks.
A. Your Solution:
Are company also developing a app for selling are items to customers easily and we provide a door to door service to every customer. We provides good service to customers.
B. Estimated Budget:
Minimum 10 lakhs
C. Product Pricing to customers:
on MRP. With each cut in the price, someone extra decides to buy the good.