Entrepreneurial Opportunities in Online Business

On 22nd May, 2023 an expert talk on “Entrepreneurial Opportunities in Online Business” was organized by Entrepreneurship Development Cell & Institution’s Innovation Council in association with the Department of Mechanical Engineering from 01:30 pm to 04.30 pm. Mr.A.Alban Santhosh, Founder Director, Life Changers Academy, Tirunelveli was the resource person. 40 students from Mechanical Engineering and 1 faculty member participated in the program. The program was held via online mode. Dr.R.K.A.Bhalaji, AP/Mech coordinated the program.

The resource person explained the commonly used terms and terminologies in online business. He also shared the business ideas and entrepreneurial opportunities in online business such as amazon sellers site, technical writer, startup advisor, digital courses, tutorial business, youtube channel etc. As well as he said nowadays most of the people earned lot of money through instagram, youtube, twitter for posting videos and photos based on subscribers and views. Regarding this he said that one must identify the business opportunity which can be marketed through online. Next, he discussed about online business environment such as work force, economic force, technology, competitors, partners, customers/clients, communities etc. The resource person explained the online business model with real time examples. Additionally, he discussed about the features, marketing solutions & challenges in online business. The participants raised few questions at the end of the session which were answered by the resource person.