Win a Kaali Peeli Taxi!

How to WIN the Kaali Peeli Taxi!

It’s very, very simple!

Step 1:

Visit Amazon and buy Alok Kejriwal’s third book (#1 Ranked) called “Getting Dressed and Parking Cars”!

Link – https://amzn.to/3u9OcU2

 It’s the story of his mobile gaming startup “Games2win” and how he built the business from scratch.

Step 2:

Just message alok-at-rodinhood-dot-com (email) or manoj-at-games2win-dot-com and tell us you have bought the book. Add your receipt along with your address!

A beautiful THANK you Card and a Brand New Cute Kaali Peeli will be sent to you! (This is why we need you to email us so that we can get your address, etc.!

Alternatively, you can connect with me here and send me a message! I will do the rest!

Linkedin – https://www.linkedin.com/in/alokkejriwal/
Facebook – https://www.facebook.com/rodinhood
Instagram – https://www.instagram.com/rodinhood
Twitter – https://twitter.com/rodinhood
Youtube – https://www.youtube.com/user/MrRodinhood/

EXTRA – What’s the Connect?

Now, In case you’re wondering, “What’s the connection between a Kaali Peeli Taxi” and this book called “Getting Dressed and Parking Cars?
Here is the sneak leak!

One of Games2win’s most famous games’ was “Bombay Taxi”. It was an online game that was meant to be created for Indian Gamers, but ‘accidentally’ became world famous!

That single game and also the “lucky” Bombay Taxi (fondly called Kaali Peeli in Mumbai) changed Alok’s and Games2win’s fortunes and made the management team realise the POWER of “Car Driving” games. That’s why Kaali Peeli!

BEST OF LUCK!

More from Alok

Read about Alok’s previous best seller, “Why I Stopped Wearing My Socks.”  

Alok is a successful digital entrepreneur, and all his posts on this site can be read here 

The post Win a Kaali Peeli Taxi from Alok Kejriwal appeared first on TheRodinhoods.

I wanna share with you a thing that’s really making me feel proud at the moment.

So a crazy thought just came to my mind to calculate the number of sales I have done ONLINE so far. On random prediction, I thought it would be 20 Cr. I thought of actually calculating it. I noted down every single product that I have OWNED (full ownership or in partnership) & SOLD ONLINE. The total amount came down to 19 Cr 37 Lakh 20K. This is the revenue generated from the sale of my OWN products online. This does not include all the sales I have generated as an affiliate or I have helped my brother or friends or students or my former clients generate in the process.

Moreover, I have been authentic in the calculation. Like if the dollar rate was 68 at the time of the sale, I have added it accordingly & not at the current price.

I sold my first ever digital product in 2015. Then after 1 & a half years of working with clients, I moved completely into digital product creation in September 2016.

Lessons I learned in the process:

1.) My first full ownership digital product “FB page like Domination” sale of Rs 1199 (total 5 copies sold) gave me the most confidence. I actually created that product to make my “free with invite option” look like a no-brainer but 5 people actually bought the paid one gave me the confidence that people trust me & are ready to pay for my products.

2.) My first international product launch was at a loss financially. But as long as you are learning new things, it’s never a loss.

3.) My partners have seen me grinding every single day throughout the sales generation period (launch period) working on optimizing the copy & making it better, even when the launch has taken off & sales are coming in like anything. I have always told them that even if I can get ONE extra sale with my efforts, even though it is on top of thousands, I will still grind for it, simply because you never know who that one customer can be & that one customer can actually turn out to be your biggest success story. I don’t understand why people don’t understand the value of “ONE”. Probably sometime I will write a post specifically on this.

.

4.) Digital products are . I don’t want to demean physical products eCom in any way, it’s just that I have fallen in love with the ~100% profit margin* that comes with digital products sales which are far far superior in comparison to 5-10% profit margin in eCom product sales. So if any eCom guy actually does close to 200 Cr worth of sales with a 10% profit margin, that actually becomes equivalent to 20 Cr worth of digital product sales. Ad spends, tools, team & other expenses are of course there & it’s equivalent in both the businesses. Sidenote – our own physical eCom venture is coming this year. I love new challenges.

5.) Resources that you develop over time are much more valuable than the cash in hand. The software that you have bought or the coaching programs you have joined or the masterminds you have attended, etc – these are all the non-tangible super valuable assets that cannot be seen but they hold far superior value than cash. In the early days of your Entrepreneurship Journey, you will need to make plenty of investments with the money that you don’t even have (you may need to borrow), but go for it. Yes, it will be hard to explain to your loved ones that your bank balance is zero but you own a new software or a new piece of information. But consider it to be a medicine that tastes sour but the patient needs it to continue the journey.

6.) Never give up!!

I don’t think anything needs to be explained here. Just never give up.

7.) Keep on learning & upgrading yourself. Watch good YouTube channels, take courses, programs, Mentorship, spy on funnels & do everything in your capacity (or even outside) to become better every day. It can be business learning or becoming better health-wise or communication-wise or in negotiation or networking & meeting new people or anything that you know is a real-world skill that’s required for you to grow to the next level. If you fail to do so, then failing in your Entrepreneurship journey would be 100% your responsibility.

8.) Don’t mess with your health. After aggravating my shoulder injury last year, I have learned I need to take care of my body as well. I am still quite stubborn though when it comes to targets & put more emphasis on momentum over good routine health practices. But at least I am doing better & putting more emphasis on it than what I used to do until 2 years ago when I never even cared for health or food timing, etc

9.) Networking is a huge key to success. There are so many people I wanna say thanks to for playing a huge part in my journey. Most of the time it was a mutually beneficial relationship. But what’s better than becoming good friends & also playing a part in each other’s success. All the networking that I have done all over the world has played a key role in my Journey. And I am never gonna stop doing Networking. I am eagerly waiting for physical events to resume & run in full flow so I can once again start going to the events in India & abroad & build logical connections. A quick tip that I learned from a friend – before I am going to any event, I always plan before going there. You will always know who all “main” people are coming to the event. Go to the event with a plan that’s mutually beneficial & more inclined in their favour than yours when you want to begin a relationship with someone. That’s when reciprocation kicks in.

10.) Traffic, funnel, copywriting & business strategies is what you need to learn. Out of them “traffic” is the easiest because it’s nothing but just a bunch of rules. Put more money, you get more traffic. Simple. Real thing is automated funnels, copywriting & business strategies. That is what you need to learn. The more you learn & practice it, more your business & earning would become better.

11.) Your results will grow with time. Out of ~20 Cr overall, ~15 Cr is in the last 2 years. So if in your initial few years, you are barely surviving but not giving up & learning continuously & building your assets online, trust me you are doing absolutely fine. Your earning will shoot up with time. Keep the journey going.

Just in case you are wondering the names of all the products I have owned (full or partially), here they are –

• Internet Profits
• FB Page Like Domination
• Maxa Page Profits
• Live Suite Pro
• Gramkosh
• OptinChat
• Gramkosh 2.0
• LetSpinio
• LetSlotio
• Interactive Suite Pro
• Stockkosh
• AdsCrisp
• MarketPresso
• Timeline Domination
• Funnel Mastery
• Email Marketing & Lead Generation Program
• Enrichment Begins Within 1
• Enrichment Begins Within 2
• Sales & Leadership Masterclass

The post My 11 business learnings from generating ~20 Cr in digital product sales online appeared first on TheRodinhoods.

I have spent twenty long years ideating and creating new business ideas and then pitching them for funding. When I started up, there were no understanding of the basics of Valuations and Funding, their Concepts, what they meant and how you could navigate them! This is my attempt to make some sense of the madness

Understanding the Basic Valuations and Funding Concepts is NOT hard or confusing:

Given the lack of clarity on these terms, entrepreneurs and startups get stressed and do not have the tools to help themselves. Valuations have existed from Time Immemorial (How did Barter work otherwise?). These are basic concepts that combine common sense and a bit of understanding finance basics.

The Basic Valuations and Funding Concepts Deck:

To make it easy for entrepreneurs, startup enthusiasts,  and anyone ready to learn, I’m happy to present my version of a “Basic Valuations and Funding Concepts”. The slide deck has a real-world example inside. I have used all these principles for my current and most successful business –Games2win !

What’s inside:

Basics Valuation and Funding Concepts:

• Valuations – How is it calculated?
• Pre-Money Valuations
• Post Money Valuations
• Dilution

View directly on Google Slides and Download

IMPORTANT:

There is a BASIC deck for Funding and Valuations. There are far more sophisticated methods and explanations about this vast topic! I’ve used this deck (and so have many others) and found it very satisfactory (Read comments). I suggest you examine as many references as possible and decide which one to use.

I would encourage you to connect with me in the event that you do not understand any of the slides inside.

I can be found here:

• Linkedin – https://www.linkedin.com/in/alokkejriwal/
• Facebook – facebook.com/rodinhood
• Twitter – @rodinhood
• YouTube – https://www.youtube.com/user/MrRodinhood/
• Content and presentations: http://therodinhoods.wpengine.com
  

This presentation can be downloaded by clicking on the image below!

The post Basic Valuation and Funding Concepts. appeared first on TheRodinhoods.

It’s a thought process. It involves thinking about Business in simple, clear and actionable terms. Google #dhandhekibaat to understand more.

What is the content of the webinar?

1. Welcome and Introduction by Alok Kejriwal.
2. Alok shares 5 (five) #dhandhekibaat pointers that everyone should know and remember.
3. Discussion amongst co-panellists.
4. A business book recommendation.
5. A personal improvement hack!

The webinar was super successful with over 200+ participants over the 1.5 hours duration.

Given the positive feedback received, stay tuned for more webinars being planned soon!

The post #Dhandhekibaat April 2020 Webinar by Alok Kejriwal appeared first on TheRodinhoods.

Background – Why this template?

I have spent twenty long years ideating and creating new business ideas and then pitching them for funding. When I started up, there were no funding pitch templates available! We had to create our versions each time.

Pitching is hard and confusing:

Pitching is not an easy task, save alone for brand new business or idea. The process becomes a stumbling block for deserving entrepreneurs. There is a lot of confusion on what to add in a pitch deck and what to leave out. Should the deck be detailed or minimal? How many slides are too many or too few? As a result, pitch decking making becomes a har puzzle.

A Funding Pitch and Business Deconstruction Template

To make it easy for entrepreneurs and startup enthusiasts, I’m happy to present my version of a  ‘Funding Pitch and Business De-Construction Template” and also a sample pitch example inside. (If you do go through the sample, you will be pleased to learn that the mock pitch has now become a very profitable and successful business!  Check Games2win)

Anyone can effectively use this funding pitch and business deconstruction template – new entrepreneurs to create pitches for their new companies and by existing entrepreneurs to de-construct their existing ventures.

If you’re already deep in your business, use this template like a mirror. A mirror never lies. It will make you examine your own operations in painful detail. Try it at your own risk! (Just kidding)!

What’s inside:

The central points of the deck revolve around the meditations of the five “W’s”. Namely: Why, What, When, Who, Where.  Why ALWAYS comes first.

– Why are you doing this business?
– What is the business about?
– Where, when, and with whom will you execute?

There is also an example of a financial model that I have created so that it’s easy for readers to replicate.

Go ahead and dive right in!

IMPORTANT:

There is no “perfect” template. I’ve used this deck (and so have many others) and found it satisfactory. There are plenty of better and more effective templates out there. I suggest you examine many samples and then decide which one to use.

Make a copy of this deck by CLICKING on the image below:    

Good luck. May Fame and Fortune come your way!  

*****

Updated: 19.04.2020

The post A Funding Pitch and Business Deconstruction Template appeared first on TheRodinhoods.

Background:

As an active stock mutual fund investor for the past seventeen years, I have earned approx. 14.3% annual return on my money. (This is my profile)

Personally, to see money compounding 14% every year is magical!

What’s worked :

It has taken me a lot of discipline & adherence to principles to manage this.

I am sure others have done better, but I am happy & satisfied.

While I respect the choice people make, I think it is prudent to share what investments I made to help anyone interested. If it’s worked for me, why not make to work for you?

The most important rules:

These are the most IMPORTANT, CRITICAL and ESSENTIAL PRINCIPLES to keep in mind before you review my sheet: (Hold your hand to your heart & swear “I will not break these rules” That was a joke

1. Please INVEST & WAIT FOR MIN of 10 (TEN) YEARS. If you have shorter-term goals, DO NOT open this sheet.
2. COME WHAT MAY, do not ‘flip’ or ‘churn’ your investments until something disastrous happens. That will only result in colossal losses. Every time I have seen this happen, it has only ended in disaster.
3. Stay satisfied and control your greed.
4. Check the BENCHMARKS in the sheet. In my humble opinion, if you beat the benchmarks, you are good. Why get greedy and try and beat the benchmarks if you are not a professional investor or stock picker?
5. Beyond a point, it may become very taxing to invest in different mutual funds and track them and worry about your over or underexposure in certain funds. You can then switch to buying Index Mutual Funds. (If you doubt this logic, read about the legendary bet Warren Buffett laid out ten years ago on Index investing (vs Hedge Funds) and his general advise on investing here. It is a classic tale).

My Mutual Fund Reckoner of the past twenty-five (25) years: Click to access

How can you use this reckoner?

Review the mutual funds, their tenor and their returns. You will realise that as the periods get longer, the % returns start averaging to be more or less the same (all top mutual funds eventually yield the same results). This can make you feel a bit more assured about not bothering too much about picking the ‘perfect’ funds.

Good luck and be blessed with good fortunes!

If you have any doubts, please mail me at alok@rodinhood.com

*******

The post Mutual Fund Reckoner (25 years) by Alok Kejriwal appeared first on TheRodinhoods.

What triggered the book?

From my early school days, I’ve been an essayist. I like to write.

When I began my fist dot-com venture, “Contests2win” and survived the horrific dot-com crash, I got an opportunity to write a column in the popular “Mid-Day” newspaper. This was the year 2001. Veteran journalist Batchi Karkira who ran the paper met me in a party and said, “Alok, write for us”. I accepted and that’s when I began writing for the public.

The thrill of having your content published and the feedback became an addiction! As the years progressed, I wrote many countless articles for the Economic Times, Wall Street Jornal and The Economist Blogs and other magazines.

In 2007, I received funding for my fourth startup “Games2win” and in the second board meeting of the Company, my lead VC (Venture Capitalist) Sumant Mandal asked me, “Alok, do you write a blog? If you don’t, start now! It will be very useful.” (Sumant has since become my Mentor and “Godfather”).

That inspiration became “Therodinhoods” – the website you are on now. All my articles and videos appear here.

Why Socks? Did I stop wearing them?

I worked for my father in his socks factory for eight long years before I started my first internet venture.

Almost ten chapters of my book Why I Stopped Wearing My Socks is centred around in the Socks Factory and the invaluable lessons I learned there. Even today, nearly twenty years after quitting, I have those lessons freshly ingrained in my mind.

This machine became my good luck charm. I went to Italy to learn how to operate it and came back with an insight that changed my life. This is captured in the chapter “My Eureka Moment” in the book.

I quit the Business and walked out. That’s the metaphor of “Why I Stopped Wearing My Socks”. And to be clear, I wear socks every day

My rebirth and Salvation (After taking off my socks!)

The book quickly leaps into a non-stop thrilling journey of my two Mobile and Internet Ventures – Contests2win-dot-com and Mobile2win.

The action takes place in Mumbai, Shanghai, in endless Corporate offices. There are intricate details of my dealings with VCs whom I fondly call Vampire Capitalists, Vapor Capitalists and Venture Capitalists (depending on how they behave!).

Contests2win teaches me all about Sales and the dogged, persistent, untiring, relentless effort to never stop selling and to get deals done. The theme of Sales constantly reverberates through the book!

What’s inside the book?

The book has thirty-eight chapters comprising two-three pages each. The text is two hundred and four pages in all and can be read in a single reading.

Every chapter describes a real-life incident with real people. There are about eight-five people whom I have mentioned in the book. Many of them are leaders in their professions today and fondly recall the days when I launched my businesses with them.

Each chapter ends with a small paragraph called “Learnings” (most of the feedback I have received is about how the learnings have helped the reader in their journey)

The book culminates with the acquisition stories of my Mobile2win Ventures by Disney in India and by Norwest Venture Partners in India. These are thrilling chapters that put a happy end to the pain and agony I describe in the prior sections!

What’s the success of “Why I Stopped Wearing My Socks”?

The book quickly scaled to the top of the Amazon India Store. It repeatedly appeared as a “Bestseller” in the store.

As of April 2020, the book has received over the 600 ratings (4.7 stars) and over 575 reviews on the Amazon Store (check here) and over 850 ratings (4.2 stars) and over 125 reviews by consumers on Goodreads (check here)

In September of 2019, Why I Stopped Wearing My Socks won the BBLF CK Prahlad “Best Business Book Award“. Mr Narayan Murthy handed over the awards to Alok Kejriwal.

Who should buy this book?

I believe that this book can serve people from many walks of life. The readers could include Business enthusiasts, Entrepreneurs, Startup Founders and their teams. I am sure this book will appeal to Venture Capitalists and help professionals who want to understand what happens on the ‘other side’ without risking their careers and jobs. From the feedback I have received, homemakers and retired folks have the loved the book too!

Read the book to:

• Understand how hard and rewarding it is to start up.
• The challenges of selling concepts that have never existed before
• The Holy Science of Sales – Secrets, insights, experiences and guidelines for successful sales.
• The extraordinary experience of getting funded by Venture Capitalists and then managing them and their expectations.
• To realise that success in general happens when you are in the right place, at the right time, with the right people who have the right intentions. It’s magical and cannot be ‘rigged’.
• I contribute a majority of my success to the grace I receive from my God and Guru. (Not something you would often hear a tech entrepreneur say )

Get the book here and the audible version here.

Happy reading!

*****

If you have a question, ask it as a comment and I will answer it. I am happy to get on a call and do a meeting with you and help you in any way I can!

You can be connected with me here:
Linkedin – https://www.linkedin.com/in/alokkejriwal/
Facebook – https://www.facebook.com/rodinhood
Instagram – https://www.instagram.com/rodinhood
Twitter – https://twitter.com/rodinhood
Youtube – https://www.youtube.com/user/MrRodinhood/

Finally, here is a video that describes the Book in my own words

The post Why I Stopped Wearing My Socks by Alok Kejriwal appeared first on TheRodinhoods.

How to come out as a winner in a negotiation? It’s a bit counterintuitive, but it works. The secret is by giving, before taking!

In an NYT article titled “In negotiations, givers are smarter than takers”, Adam Grant shares a story of diplomat Christiana Figueres.

She was in charge of negotiating a global agreement for climate change for the UN. The only country that did not sign was Saudi Arabia. The way Christiana fixed that was by meeting the Saudis with ‘an understanding strategy’ vs a ‘negotiation strategy’. (Saudi WANTED to diversify their Economy. Christiana HELPED them achieve it). Read – https://bit.ly/dkb-nego

Christiana came out as a winner in her negotiation!

2 weeks ago, I requested my office landlords to waive x % of our rents. (Very high since we are in Tardeo, located in South Mumbai). They came back with a counteroffer of reducing half the x %.

I thought about & sent them another counter. “We will continue to PAY you the monthly rents, but when we renew our agreements, we will use the x % as free days.”

They came back & confirmed! I traded cash flow for a better deal. In business, negotiations depend on circumstances. When BSNL played hardball with me while activating the Idon Idol Voting Platform for Sony TV for my mobile2win startup, I negotiated uniquely. They came to their senses in a day. (Chk ‘Staying Firm’ in https://bit.ly/dkb-book )

My learnings? What always fails is negotiating & winning my exploiting weakness, vulnerability & lack of knowledge. That karma is NEVER profitable. Your experience?

#dhandhekibaat

#Dhandhekibaat is a series of vlogs, posts, and discussions on doing Business ‘the’ startup entrepreneur way!

If you have a question, just ask it as a comment and Alok will answer it!

Follow Alok here:
Linkedin – https://www.linkedin.com/in/alokkejriwal/
Facebook – https://www.facebook.com/rodinhood
Instagram – https://www.instagram.com/rodinhood
Twitter – https://twitter.com/rodinhood
Youtube – https://www.youtube.com/user/MrRodinhood/

Get Alok’s latest book “Why I stopped wearing my socks” here – https://bit.ly/dkb-book

The post How to come out a winner in a negotiation? appeared first on TheRodinhoods.

In this episode of the A-Z #Dhandhekibaat (Business talks) video series, Alok talks about Monetization and its importance for everyone – be it a professional person or a businessman or entrepreneur.

The A-Z series of #Dhandhekibaat are designed to simplify the most important aspects of Business and Entrepreneurship.

Follow Alok here:
Twitter: https://twitter.com/rodinhood
Facebook: https://www.facebook.com/rodinhood
LinkedIn: https://www.linkedin.com/in/alokkejriwal/
Instagram: https://www.instagram.com/rodinhood/
Email : alok@rodinhood.com

Alok’s book “Why I stopped wearing my socks” is a #1 Best Seller (Amazon India) & details his real-life business & startup stories from which he learned many amazing lessons! Get the book here – https://bit.ly/dkb-book

The post What are Monetization Principles? Check out these 4 insights by Alok Kejriwal! appeared first on TheRodinhoods.

In this episode of the A-Z #Dhandhekibaat (Business talk) video series, Alok talks about The Long Tail.

Alok has chosen Long Tail as the topic and in this video and discusses the importance of Long Tail for everyone – be it a professional person or a businessman or entrepreneur.

The A-Z series of #Dhandhekibaat are designed to cover the most important aspects of Business and Entrepreneurship. While Alok has decided on the topics for the next Alphabets, he invites you to suggest ideas that he could review! Visit – https://bit.ly/dkb-a-z to add your suggestions!

#Dhandhekibaat is a series of vlogs, posts, and discussions to make Business and Starting Up – Simple!

If you have a question, just ask it as a comment and Alok will answer it!

Follow Alok here:
Linkedin – https://www.linkedin.com/in/alokkejriwal/
Facebook – https://www.facebook.com/rodinhood
Instagram – https://www.instagram.com/rodinhood
Twitter – https://twitter.com/rodinhood

Get Alok’s latest book “Why I stopped wearing my socks” here – https://bit.ly/dkb-book

The post What is Long Tail? Business Ideas and Startup concepts explained by Alok Kejriwal #Dhandhekibaat appeared first on TheRodinhoods.