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Ansh Kadam

Stealth • 2m

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.

2 replies1 like

Replies (2)

Nawal

Stealth • 2m

It's all about narrowing down your sectors, specific niche and working on it .

1 replies1 like

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Sagar Motwani

Stealth • 2m

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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Stealth • 9m

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Ayush Singh

Stealth • 7m

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AjayEdupuganti

Stealth • 6m

What are the services that indians are not ready to pay for yet, but it is common in other countries? This actually helps in understanding any market opportunities as indians are starting to pay for subscriptions.

0 replies4 likes

Arcane

Stealth • 5m

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