How to start a data entry business in India in 2021 | Ultimate Guide
If you are looking for a new business guide that how to start a data entry business in India. If yes then you are in the right place. In this article, I am going to give you detail information about how to start this data entry business.
The data entry business is a simple but high-demand business. It has a high-profit margin. If you are new to the business field then also you can start your business journey from this business.
What is a data entry business?
As the name suggests you need to enter the data into a system. It may be online or offline. You get a set of data and you need to enter the data into a database. As simple it is.
7 steps to start a data entry business in India in 2021
1. Define your business model.
The business model is very important for any kind of business. It is also required in the data entry business.
In this business model, you have to decide want kind of data entry business you are going to do. Is this offline data entry or online data entry.
After that, you need to select the types of companies. Is this one person's company, or proprietorship company, or private limited company.
2. What are the types of data entry businesses?
In the general market, there are two types of data entry business. One is offline data entry and another one is online data entry.
In offline data entry to don't need the help of the internet. You just enter some documents in simple words format. But in online data entry, you need a good connection of internet business here your all work is dependent on it. In online mode, you do all Excel other works.
3. What software and equipment needed for this business?
You will need some equipment and some software required to start your own or online data entry business, which is as follows-
First of all, if we talk about its equipment, then for this you must have at least one computer or laptop. Only through which you can carry out the work of data entry.
After that when you start a data entry business, you need database software, such as Microsoft Word, Microsoft Excel, etc. All this software is there on a basic computer.
If you specialize in some other type of data entry like accounting or bookkeeping projects etc., then you will need QuickBooks software.
And online mode you will need a good internet connection. It is important to send and receive project files to your clients.
4. Licence and registration required
As we have already mentioned, that data entry work can be done in 2 ways, firstly for online website personally, and secondly by opening a company of your own. So if you do data entry online for a company, like if you do data entry for a freelancer or elance website, then you have to register yourself as a data entry operator with that company.
But if you start this business offline, which takes orders for data entry from small or big companies and works with corporate customers. So you have to run it as a company. It will also have a name, it will also be necessary to have a current account with that name in the bank because the earnings from data entry will be deposited in that account. For this, it is also necessary that you register your business with the Registrar of Companies and get the Incorporation Certificate as well.
5. Setup your business
When you start this data entry business, you have to start a company first. Then you can start this work by taking orders from small or big companies. In the beginning, you can work alone. But data entry is such a business, in which it is updated on time and with the advent of any new technology. So when you start getting orders in large quantities and you have to fulfill them on time, then you can also choose a partner for yourself in your company. Having sufficient skills related to data entry. That is, you can also do this business in partnership. If this business is started in partnership, then it will be easy for you to run the business, and the risk will be very less. In this way, you can set up the business of data entry.
6. Market your business.
After setting up your company you need to do strong marketing to get clients. Many times many companies also give add-ons to get the work done like data entry, so that people can reach them through their ads and do data entry work for them. For this, they are also given some commission or money. So if you want more customers for your business, then you have to market your business properly. You have to advertise your company so that different companies can contact you to do data entry work and place orders and you and your business can get more profit.
7. What is the scope of the data entry business in India?
There is a lot of scope for the data entry business in India, as India has seen a lot of development in the IT sector since the last few years. The Honorable Prime Minister of India, Narendra Modi, had started the 'Digital India Project' a few years ago, under which citizens in the country were motivated to do all things in digital forms, such as money transactions, online registration in a scheme. To do and to keep any documents safe in digital form in computer etc. Along with this, Modi Ji had started the 'Digital India Platform' to transfer the data available in files in digital form to all the offices in the country. By starting this platform, the government's goal was to digitize all the data and provide employment to unemployed youth sitting at home. Through this, people can earn from 10 to 20 thousand rupees per month sitting at home. Therefore, due to this data entry business has become more popular in India.
Data entry business is a very good profitable business. Due to digitalization, it becomes more popular You can easily start this business and earn a good amount of money. If you have any questions regarding this business then feel free to contact us.