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Net gains PACESETTER Kavitha
Ashtakala Centrespread Bling it
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Net gains Nitin Ahuja is an on-again, off-again businessman. Ever since he completed his MBA from the Sikkim Manipal University three years ago he tried his hand at various businesses but none succeeded. Last year, the 26-year-old hit upon an idea that is yielding rich dividends now. He became an online trader dedicated to selling Indian handicrafts and artefacts on one of the world’s largest shopping websites —eBay. "I attended an eBay academy workshop that tells you how to sell on eBay India and reach out to millions of buyers both nationally and across the globe," says Nitin and adds, "I found the concept very promising and decided to try it." Around Diwali last year he sourced some brass and copper object d’art and silver trinkets from Jaipur and put these up for sale on eBay. Within days he had sold the entire stock and made a tidy profit. Ever since he has become a full-time eBay trader and hasn’t looked back. With burgeoning sales, he now aims to become eBay’s service-preneur of the year like Myriam Barreiro`A0of`A0Toronto`A0whose projected revenue is nearly`A0$1 million`A0this year selling branded cameras and video equipment on eBay. Instant gratifications Nitin is an inspiration to Internet-savvy people who want to become rich while working from the comfort of their home. For a generation that thrives on instant gratifications, it is a trend that was waiting to arrive. What started as a niche fad is fast becoming a global phenomenon and people are actually making money — pots of it — by offering a plethora of services online. While many are part-time endeavours that yield a little extra money on the side, many others are pursuing full time lucrative occupations on the net. Take the case of Sharad Sagar (name changed on request) a failed writer whose novels had been rejected by several publishing houses, he has now uploaded his crime thriller directly on Amazon’s Kindle Direct Publishing that allows writers to post their works online, free of charge, and with the potential to reach millions of readers while maintaining complete control of the work. "The tyranny of the publisher is finally be over," says Sharad. "The new digital technology is greatly empowering independent writers like me who no longer have to make futile attempts to find a suitable publishing house." Generous royalties Sites like Amazon, Barnes & Noble’ Lulu, Blurb, WeBook and many others allow budding writers to digitally publish their books, free of cost. They sell the book and give them a generous royalty. Kindle Direct Publishing, for example offers up to 70 percent royalty to writers. And, with eBooks outselling hardbacks two-to-one, a virtual writer can expect to make anywhere between Rs 5,000 to Rs 50,000 a month in royalties depending on the popularity of the book. Even if you are not an author-in-the-making, you can still make money by online blogging. Websites like Blogger, Word Press, Tumblr, Blogetery and lots more will post your blog and, if it catches the fancy of readers and becomes popular it will start attracting advertising from sites like valueclick, googleads and make your creativity generate decent money for you. In fac,t you may also be approached by companies who want to put their ads on your site. Amit Aggarwal is one of India’s best selling bloggers who writes about computer software, consumer gadgets, and web applications. A computer engineer from IIT, he worked in some of the world’s best companies like Goldman Sachs and Meryl Lynch but quit his job in 2004 to become India’s first professional blogger. His reported income from blogging now is around a mind-boggling $36,000 per month (about Rs 21.60 lakhs per month). Diverse topics It is not uncommon for successful bloggers to make big money. Other professional Indian bloggers like Amit Bhawani, Raju PP, Jaswpal Singh and Arun Prabhudesai who write on topics as diverse as technology, health, fitness, politics, fashion trends and more are all said to earn upwards of Rs 6 lakh a month. Creative pursuits seem to be flourishing on the Worldwide Web and offering megabuck returns. If your forte is photography then you could turn it into a profitable hobby. Websites like Flickr, istockphoto, shutterstock, fotolia, shutterpoint, bigstockphoto and others will display your pictures and give you a decent commission when they are sold. The incomes of some of the most prolific photographers can easily run into lakhs every month. The Shutterbug photo bank claims to have over 500,000 customers in 150 countries who regularly buy photos on a variety of subjects. Another website freedigitalphotos.net lets you keep 70 per cent of revenue from the sale of your images. Many websites also have the facility of selling pictures more than once giving you multiple returns. Success will depend on how prolific you are. You won’t do well by submitting just two or three images. Easy money One of the easiest ways of making money on the Internet is by taking online surveys. Websites like GetPaidSurveys, BigSpot Cashcrate, Surveyjob, Valued Opinions and others will pay you between $5 and $75 just to fill out simple online surveys. But you have to careful as there are a number of companies who are out to make money from you (see box). However, if you select wisely and have the capacity and time to do more surveys you can end up padding your paycheque by around $100 to $200per month (between Rs 6,000 and Rs 12,000 per month). There are a number of other emerging online opportunities for earning a decent livelihood. That is why even as more and more people get hooked to the Internet many sharp minds are turning computers into money generating machines.
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PACESETTER Kavitha
Ashtakala Powered by a gem of an idea From the corporate world to her own start-up, Kavita Ashthakala uses her creativity to design and market costume jewellery Vibha Sharma
Kavitha Ashtakala always had a deep penchant for costume jewellery and possessed an eye for unique things at reasonable price. She just needed a platform to express her creativity through pearls, beads, stones and metals. An MBA in marketing, she plunged into the corporate world initially. She worked for various companies in India and had a short stint in a premier department store —Von Maur in USA. She worked in the jewellery department to further her passion. With growing demands at the family front, she realised the importance of work-life balance as a crucial component of a career. She deliberately stayed away from corporate humdrum and found answer in TutorVista ,which gave her the required flexibility. All through this time, she could sense the restlessness that was building inside her, waiting for the right time to come out and demand a concrete shape. Her family provided encouragement and she planned her own jewellery venture. In 2011, Kavitha’s Workshoppe was born. She launched three lines of products: Costume ethnic Gold, Fashion jewellery made from wooden, ceramic, metal and beads and hand-crafted jewellery customised and designed by her. The idea of using non-precious stones and beads is to make accessorising and "looking beautiful" affordable for every woman. Her finished products range from Rs 50 (ear-rings) to Rs 2,000. The jewellery with "Kavitha's Workshoppe" tag is sourced personally to ensure that the collection is unique, varied and caters to the tastes of different classes of customers at reasonable prices. Each piece of jewellery that is marked for sale has to go through her stringent quality check. Hand-crafted jewellery (mostly beads) is exclusive to Kavitha's Workshoppe and is designed keeping in mind the affordability of the products. Educating customers on how to take care of jewellery is an intrinsic part of each sale that Kavita makes. She owes a large chunk of buyers of her products to Facebook which helped to spread the word like no other medium could in such short span of time. Her clients range from two-year-old girls to women of 80 plus years. Corporate trunk shows brought in one of the big chunks of her clients too. These are some of the large IT companies in Bangalore. She regularly participates in large flea markets like Sunday Soul Sante. Her revenue has reached a point where she is able to cover the business cost, including her contributions and the business is sustaining comfortably. She ensures that a part of her proceeds of the sales goes to either of these two NGOs: A school for special children in Secunderabad or a children's home in Bangalore. What keeps her motivated? "The confidence that my customers repose in me, their repeat purchases encourage me to think creatively every time I sit to design a new piece." She has chalked out a roadmap for herself. She wants to register Kavitha’s Workshoppe as a company, increase the hand-made collection, widen the customer base, increase the revenue by Rs 10 lakh per annum in next five years. She believes that self-motivation is a constant requirement for the success of any venture, as she puts it: "Irrespective of whether an entrepreneurship is big or small, it is the passion that needs to be big. Even if you start in a small way, always start something where your heart or your passion lies." |
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CENTRESPREAD Some people collect coins, others postage stamps, many are into vinyl records and for a few, movie memorabilia is the passion. But any avid collector will tell you these are all predictable and pass`E9. Real value is in collectibles that are rare and out of the box. For some years now, paperweight collection has earned the respect of connoisseurs. Not the simple, functional ones which sit on sheets of paper to prevent them from fluttering in the wind but fancy glass baubles depicting butterflies, flowers and other patterns, which have been garnering a devoted fan following in recent times. Desk accessories Paperweights made by leading glasswork companies like Saint Louis, Baccarat, Clichy, Swarovski, Val St. Lambert, Mount Washington and others have been cropping up at auctions attracting aficionados from around the globe. Auctioneers like Sotheby’s and Christie’s have been putting up auctions that get an enthusiastic response from ardent collectors of these desk accessories, which come in a multitude of sizes, shapes and colours. A sampling of the kind of bids they attract can be had from a recent Bonhams auction in London. Here a rare double paperweight by French glass company Clichy fetched `A367,200 (Rs 67 lakh). Most others, too, went for astounding sums and the auction was over within less than an hour. Little wonder then that paperweights have started attracting the attention of serious collectors. Today, there are websites devoted to them and reams of newsprint are used to publish magazines with articles discussing just one topic — paperweights. There are several associations and clubs led by the Paperweight Collector’s Association of America, which conduct seminars and talks that range from restoration of damaged paperweights to distinguishing the genuine from the fakes. What is so special about paperweights that these attract such a fervent following? The answer lies in the history of these beautiful glass decorations which in present times have become a serious pursuit of collectors. Decorative appeal Paperweights are believed to have originated in the middle of the 19th century. Recorded evidence shows that Venetian glassmaker Pietro Bigaglia made the first paperweights for an exhibition in Vienna in 1845. These became such a hit that within a few years, three French fine glass factories, Baccarat, St. Louis and Clichy began making paperweights, which were used more for their decorative appeal than the function these were created for. Seeing their instant popularity among royalty and the burgeoning middle class in Europe and America, many other countries followed suit. Factories like Bacchus (UK), New England Glass Company (USA) and many others started creating intricate designs in grand presentation pieces. By the turn of the century, thousands of these elegant weights had flooded the market of which around 30,000 still survive. It is these that the collectors are mainly after. Though the craze for paperweights diminished at the turn of the 20th century, the revival came in the 1950s when Paul Jokelson, founder of the Paperweight Collectors Association and one of the biggest collectors, convinced the fine glass factories to re-start production. Trend revival The result was not just a renaissance of a trend, which saw the production of some of the most brilliant paperweights of all times. Companies like Caithness Glass of Scotland, Lalique of France, Lladro of Spain, Royal Crown Derby of England, Steuben Glassworks of America, Fratelli Toso of Italy, Swarovski of Austria and many more came to the forefront of paperweight making. The emphasis this time was on the innovative millefiori technique which is basically decoration pieces in which coloured glass rods are fused and cut to create flower patterns. This is considered by many as one of the most difficult of all glass art forms. Over the years, several other torch-techniques have emerged that include flamework and lampwork as also paperweights in surface-decorated and abstract designs. Each of these techniques has its own collectors and connoisseurs. At present though most countries produce paperweights, the manufacturer’s leadership has not changed in over the last half century. Europe has almost a 100 manufacturers of repute followed by America where there are around two dozen studios, which have elevated paperweight manufacturing into a sublime art form. However, though the contemporary works of art are both dazzling and complex creations, aficionados say none can match the magic of the vintage paperweights.
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