Founder & CEO at Bui...ย โขย 8m
If you are a business owner and think that we are a market of 1.2 Billion Indians, then you are wrong. Why I say this is because the TAM (Total Addressable Market), which is the area that you operate in, says some different data. As per Google in India, there are - 700 million smartphones 850 million internet subscriptions 104 million credit cards 864 million Indians have a bank account 384 million Indians can afford basic needs like food, clothing & shelter 713 million Indians will be there in the middle class till 2030 The above is just an example, and this will segment down even further as per the TAM your business operates in. So the lesson is that whenever you are looking at a business to get into or already have a business, you should always check the TAM as that will decide how much growth potential you have. Share the value with someone who may need it.
Hey I am on Medialย โขย 9m
To enter a market, understanding three key metrics is most important in any business field: 1) TAM (Total Addressable Market): The total demand for a product or service without limitations. Example: If 10 million people worldwide might buy $100 he
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Company that generates the most revenue per employee in world and itโs not Apple or Google. Out of the top 10 Asian companies generating the most revenue per employee, 4 are from India. Here are the facts: - Rajesh Exports earns $39.4 billion in
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The Institute of Chartered Accountants of Indiaย โขย 2m
How to calculate your Total Addressable Market (TAM)โ๏ธ Market Size: 9 out of 10 Startups are doing it wrong ๐ It is not: โ๏ธ The total size of the problem โ๏ธ The TAM of your competitors โ๏ธ The size of the entire industry Example: Wrong Marke
See MoreWork and keep learni...ย โขย 1y
Business Terms TAM stands for Total Addressable Market, a key metric in business. It estimates the total revenue possible by selling your product to everyone in the market who could potentially benefit from it.Businesses use TAM to gauge market size,
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