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10 Highly Successful Online Startups To Inspire Your Business

10 Highly Successful Online Startups To Inspire Your Business

It’s the age of Internet. Everyone is online–your parents, your uncle, your cousin from farms and even people you think you know but you’re confusing with someone else. Consumers, agents, producers are endangered species and the tedious hours of browsing through bazaars are gone. It’s certainly easier to move your pointers through the lengths of screen than to move your tired legs in the crowded market, right?

So, the trends are changing and people are tweeting. Internet is no longer ‘the next big thing’, it is “the big thing” now.  Since everything happens on the internet these days, it will be a logical and far sighted decision to put your business online.

If you want to take your business online but you do not have sufficient experience or for some reasons your online business is not taking off as you expected to, you can follow the examples of the below mentioned successful online startup companies who shine like Venus in this vague glitz of the Internet.

1. Kaltura

1

    Founded In: 2006

    Founded By: Ron Yekutiel, Shay David, Michal Tsur, and Eran Etam

    Kaltura is an open source software company established in 2006. The company allows publishers and content owners to publish, manage, monetize and analyze their video and other rich-media content. Kaltura’s Online Video Platform is based on software, enabling any site to add advanced video and rich-media capabilities.

    Kaltura was originally based on collaborative Wiki model but later decided to provide an open source video platform focusing universities, media companies and service providers.

    Having already raised more than $25 million dollars in funding, Kaltura teaches online entrepreneurs to target a handful of niches and master them with care and passion.

    2. Taboola

    2

      Founded In: 2007

      Founded By: Adam Sigdola

      Enough with shoes, shirts and flower bouquets, we are going to market web contents. With this quirky idea, Taboola has managed a revenue run rate of $250 million.

      What is amazing about Taboola is that it has only 120 employees and yet it has managed to attract high profile clients like BBC, USA Today and Boston Globe.

      Taboola is the best content marketing platform on the internet. It provides a web widget to content creators on their website which links to additional similar posts, photos and videos.

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      Recently, Taboola announced that it was serving 150 billion recommendations to 400 million unique users.

      3. Imgur

      3

        Founded In: 2009

        Founded By: Alan Schaaf

        Imgur, pronounced “Imager” is an online image sharing and hosting community.

        The site was initially developed by Alan Schaaf as a side project while he attended Ohio University for Computer Science. Originally, it was intended as a gift to online community Reddit but the site took off from its startup seeing the number of views go up to millions from thousands in matter of months.

        In 2012, there were 300 million images uploaded, 364 billion image views counted, and 42 petabytes of data transferred. In April 2014, Imgur received a funding of $40 million USD from investor Andreessen Horowitz.

        4. ShoeDazzle

        4

          Founded In: 2009

          Founded By: Brian S. Lee, Robert Shapiro, M.J. Eng and Kim Kardashian

          ShoeDazzle is a personalized online styling platform and store. It helps woman discover and buy shoes, accessories and apparels. ShoeDazzle has seen a meteoric rise since its launch. The company boasts 13 million members.

          Days were not always this sunny for ShoeDazzle. Back in 2011, the company completely dumped its hugely popular and successful models.

          The company never gave up despite minor bumps. The company kept faith in e-commerce and since restructuring its e-commerce software model in 2011, the company has never looked back.

          5. LCDcycle

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          5

            Founded In: 2013

            Founded By: Chris Koerner

            What is broken that cannot be fixed? Plenty of frustrated gadget users are going to come up with the answer of the broken screens. If you are thinking of giving up on your beloved phone then do consult LCDCycle.

            LCDcycle repairs smartphone screens. They prevent myriads of smartphones from being dumped into trashes. Their business is also a wholesale of smartphone parts to repair shops.

            A true pioneer of the smart phone repairs, Chirs Koerner deserted the traditional ways and took his business online.

            Innovative and “green”, LCDcycles has managed to attract high profile publications like CNET, Mashable and Gizmodo.

            The company has managed to acquire a funding of more than $60 million and new users are signing each day for their personal showroom curated to their indicated fashion preferences.

            6. Voxy

            6

              Founded In: 2010

              Founded By: Paul Gollash and Gregg Carey

              There are thousands of language learning apps on the market so why does Voxy stand out? Because Voxy helps learning English through small practical lessons that can be implemented in real lives.

              With the advanced propriety technology, Voxy could have easily expanded its services to other languages but it stuck to its purpose. The company has developed a loyal fanbase of English learners.

              The app boasts 3 million users and more than $15 million USD in funding.

              7. Javelin

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                Founded In: 2010

                Founded By: Trevor Owens and Grace Ng

                Owens and Grace were both working on their own startups hoping something would spark their business. They had a hefty load of their own startups on their heads already and what did they decide? To work on their idea of a full time company to help aspiring entrepreneurs turn their concepts into a business.

                Since the startup, they have hosted numerous workshops to help aspiring entrepreneurs achieve their dreams and make serious money on the side.

                The company has already hosted educational workshops in more than 200 cities of the world and they have an ambitious plan of extending it to 600 by next year.

                They help entrepreneurs in different stages of their business, from sending money abroad to completing all the legalities. Whether you are an aspiring entrepreneur who wants to start a new business or an already established one looking for a trial on new ideas without wasting your precious bucks, Javelin will always be there to help you.

                8. Getaround

                8

                  Founded In: 2010

                  Founded By: Sam Zaid, Jessica Scorpio and Elliot Kroo

                  Your uncle might lend you his lawnmower, if you are close enough with your cousin, he might lend you his car. What will a complete stranger give to you? Nothing, but that was until Getaround came into existence.

                  If you are looking for a car to rent or otherwise make some extra cash renting the car you’re not using, join the community of more than 200,000 Getaround members, your life will surely be easier.

                  The lenders who do not want renters to have the access of a key, there is also an option for renters to open the car door without a key. This is made possible by Getaround.

                  This awesome startup company which offers a simple life hack has already received $19 million USD in seed funding.

                  9. Prismatic

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                    Founded In: 2012 for web browsers and iphones, 2013 for ipads

                    Founded By: Bradford Cross and Aria Haghighi

                    People can do three main things on Prismatic: Tell the service what topics they are interested in and which people they want to follow; read and look at the suggested articles and photos; and share content back to those topics.

                    Before they became mobile app magnates, Cross was a head of research in Flightcaster and Haghighi was a mathematician who studied natural language programming and they decide to do a news aggregator app startup and guess what?-  They have 25,000 weekly users and $16.5 million in funding now.

                    The secret of the meteoric rise of Prismatic lies in the collaborative environment the company has managed to create for its employees. The engineers responsible work very closely with designers, researchers and the whole team.

                    Bradford Cross, the founder and the CEO learnt in details about the nuances of intricacies of design so that he could apply it in his startup and he sure is effective in what he’s doing. The company has however closed its consumer-facing apps since December 2015 and now solely focuses on its machine learning algorithms, which it intends to make available to hedge funds and publishers.

                    10. Bloomboard

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                      Founded In: 2010

                      Founded By: Eric Dunn and Jason Lange

                      Dunn and Lange were a bunch of teaching aficionados. Dunn dedicated a full decade of his life building adaptive learning management systems while Lange sided with education focused non-profit organization.

                      When they were introduced to each other by a mutual friend, it was like the world was set right for them. They were both searching for professional development based solution for teachers as they believed the teacher was the major driving force for the productivity of children.

                      When they decided to take on the internet, they were only equipped with their experience and a rough prototype. They were like two hikers who were on an expedition of the unexplored hills.

                      Bloomboard is a work of art by the duo. It combines technology and the skills of educating. Bloomboard offers “Click to Schedule” option which saves lengthy paper works while organizing evaluator notes. Because of the quality of its innovation, it was able to attract big giants like Gates Foundation and Birchmere ventures. Bloomboard has managed to secure $5 million in funding.

                      Featured photo credit: YouTube via i.ytimg.com

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                      Nabin Paudyal

                      Co-Founder, Siplikan Media Group

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                      Last Updated on May 20, 2020

                      What Are Analytical Skills (And How to Strengthen Them For Success)

                      What Are Analytical Skills (And How to Strengthen Them For Success)

                      Everybody makes bad decisions. Some people, however, are more capable of making better decisions that inch them closer to success.

                      These individuals are not ruled by emotions, desires, or hunches. Rather, they depend on their analytical skills to overcome challenges regardless of urgency or complexity.

                      What Are Analytical Skills?

                      According to Richards J. Heuer Jr., a former veteran of the CIA,[1]

                      “Thinking analytically is a skill like carpentry or driving a car. It can be taught, it can be learned, and it can improve with practice. But unlike other skills, it is not learned by sitting in a classroom and being told how to do it. Analysts learn by doing.”

                      Analytical skills can be considered as one of the critical life skills that are not taught in schools. It comprises of visualization, critical thinking, and abilities for gathering and processing information.

                      Here’s a closer look at some of these abilities:

                      Visualization

                      Also tied to a person’s creativity, visualization is the ability to predict the possible outcomes of strategies and actions. In a professional setting, visualization involves the analysis of data – often through illustrations like charts, graphs, and detailed lists.

                      Critical Thinking

                      Simply put, a person’s ability to think critically can be measured by his or her consistency in creating reasonable decisions. It pertains to the ability to evaluate information, siphon what’s useful, and draw conclusions without being swayed by emotions.

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                      As a critical thinker, you’ll find yourself challenging assertions and finding loopholes in proposed solutions.

                      Computing

                      Whether you like it or not, you need to be comfortable with numbers if you want to sharpen your analytical skills. Bear in mind that computing encompasses other skills like cost analysis, budgeting, and performing general calculations.

                      In business, you need to use computations when weighing the risks and benefits of any given strategy.

                      Problem-Solving

                      Remember that analytical skills are used not just to understand problems, but also to develop the most suitable course or courses of action. This relates to your goal-setting skills, which involve breaking down and prioritizing between objectives.

                      Resource Management

                      Lastly, analytical skills involve some degree of resource management depending on the task at hand.

                      For example, professionals with a tight schedule must know how to effectively manage their own time – also known as one of the most important resources in the world.

                      Business leaders, on the other hand, must know how to manage company resources, including cash and manpower. Take note that the definition of analytical skills may change to match the requirements of a specific situation.

                      For example, upon hiring a web developer, analytical skills may refer to the ability to determine the needs of online users, understand web analytics for optimization, and identify visual elements that can match a company’s brand.

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                      The skillset above, however, should be applicable in most if not all scenarios.

                      Develop Your Analytical Skills for More Growth Opportunities

                      There’s no question that the right decisions lead to positive results. It doesn’t matter if you’re running a business or simply trying to climb the corporate ladder. By training your analytical skills, you position yourself for more growth opportunities while staying away from negligible actions you will regret.

                      For example, you plan to launch a new startup in your local community – but struggle to decide the niche you want to enter. Since you’ve been a technophile your whole life, part of you desires to invest in a gadget store. If you’re passionate about your business, success will come – right?

                      If you have sharp analytical skills, you begin to see your plans in whole new dimensions.

                      What are the possible outcomes of this venture? Does the local market have a need for a new gadget store? How much do I need to get started – and how much should I sell to make a profit?

                      Depending on your findings, you can determine the feasibility of your business idea without letting your emotions get in the way.

                      6 Ways to Strengthen Your Analytical Skills

                      There are several approaches when it comes to developing an individual’s analytical skills. For instance, psychologists agree that reading fantasy stories as a child can help sharpen critical thinking.[2]

                      Research also suggests that undergoing traditional education has a positive effect on a person’s IQ and analytical skills.[3]

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                      But as an adult, such opportunities to hone your analytical skills no longer apply. That’s why you need to devise a more deliberate, active approach yourself.

                      Below are a few strategies to get you started:

                      1. Ideate Business Ideas

                      Developing a profitable business idea, whether you pursue them or not, involves numerous challenges. You need a ton of research, computations, and problem-solving to create a tangible business plan.

                      You can organize your ideas with a note-taking tool like Microsoft OneNote or Evernote. Doing so will allow you to delve deeper into your analysis, organize your findings, and stay focused on roadblocks as well as how to solve them.

                      2. Leverage Analytical Tools

                      Aside from note-taking tools, you can also leverage other software that can help with analytical tasks. A money management app like Mint, for example, makes it easy to track your spending habits as well as manage your budget with visual tools. When it comes to prioritizing goals, you can use simple task management apps like Trello or Wunderlist.

                      3. Have a Personal Learning Library

                      Thanks to the internet, there’s a colossal amount of resources you can utilize to learn new skills, expand your vocabulary, and train your visualization muscles.

                      Social media networks like SlideShare and YouTube, for example, offer mountains of tutorials you can access to your heart’s content.

                      For a personalized learning library, you can download Instagram videos or GIFs from educational accounts like NASA Goddard and the American Mathematical Society. But if you prefer specific, technical skills, then a good place to start would be online learning platforms like Coursera, edX, and Alison.

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                      4. Participate in Online Communities

                      The internet is a great place to share experiences, opinions, and sometimes intellectual discussions with like-minded individuals. Reddit, for example, has a place or “subreddit” dedicated for every topic imaginable – from technology to entrepreneurship.

                      For structured debates, you can head to websites like Debate.org and let other users choose the winner via votes.

                      5. Seek Mental Stimulation

                      To keep your mind sharp, make it a habit to engage in mentally stimulating activities, such as chess, puzzles, and brain training apps. A great resource would be Lumosity, which contains dozens of cognitive games designed by teams of scientists and game designers.

                      6. Keep a Personal Journal

                      Finally, keeping a personal journal allows you to take a second look at everything that happened in your day.

                      Remember that writing about learning experiences lets you focus on the lesson rather than the emotion. It will help you analyze how you made your decisions, why you came to certain conclusions, and what you can do to improve in the future.

                      Here’s How to Create a Habit of Writing in a Journal.

                      Bottom Line

                      As an adult, you are required to face a myriad of challenges on a daily basis. Work, school, business, relationships – the list goes on when it comes to the sources of life’s problems. With analytical skills, you can confront and overcome any obstacle standing between you and your goals.

                      More Success Skillset

                      Featured photo credit: Campaign Creators via unsplash.com

                      Reference

                      [1] M. S. Ramaiah University of Applied Sciences: Analytical Thinking?
                      [2] KD Novelties: Why You Should Read Classic Tales to Your Children
                      [3] Economic Inquiry: The Effect of Education on Cognitive Ability

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