Why Indians are reluctant to pay for online service but spend bombs at physical things
Brick and mortar coaching centers are creating 10000s crore revenue while in line Ed tech are struggling... . Paytm biggest revenue is coming from that physical soundbox which say " Paytm se 100 rs prapt hue" While it's online services are struggling to get profitable. Is this global phenomenon or just indian thing ? And why do Indian behave in this particular fashion? And will this behaviour make any online service difficult to scale in India?
Definitely an Indian thing it seems
Have personally felt this way myself as well, and have had to consciously start paying for stuff
I think piracy was too easy - free content, free APKs, no laws necessarily that scare you
The shift to subscription has been slow, but quite sure that in a few years (especially with the up and coming Indian Gen Z), things are about to change!
My maid just placed order for 2 MacBook pro customised with 64gb ram on apple.com worth 3.3lakhs each paid total 6lakhs from her american express credit card for her 2 daughters.
I think Indians are comfortable paying for quality services/products online.
Indians are smart.
😂 that was sarcasm, tho.
I have spent lots of time in top e-commerce startups of India, i have built a strong opinion over time that absolutely all Indians pay online without any fuss for anything they find of quality and useful for them.
If you come across anyone who is concerned about paying online, dig deeper and you will find either the product is not of quality or marketing is not right or the consumer does not need it.
punydrama
Stealth
a year ago
internet was supposed to be free😉
RichDadsPoorSon
Stealth
a year ago
Lol I asked this question and got cooked.
First rule of Grapevine : Never post something which shows you questioning Indian consumer behaviour.
Barbaadeshwar
Stealth
a year ago
It's not just India, done research globally and in places like USA, UK, Aus, Mena, Apac, people hate online learning even more. Basically if it's a teacher - tutoring led service it has to be in person. The online model hasn't worked. Widely rejected globally. The biggest maths brands globally are Kumon and Mathnasium - you guessed right. Physical centers. Tens of thousands.
Node
Stealth
a year ago
How did byjus become big if dumb boomers didn't pay for online education?
BackCravat33
Stealth
a year ago
Byju's is not big business wise. Only its valuation is big. Which was due to ZIRP
Edtech is a scam.
Paytm is a glorified wallet with a shit ecommerce experience so its not profitable
donna
Stealth
a year ago
My thesis is that Indians feel that getting a product in exchange of cash is money spent well. People here still not believe in buying or spending on something which is intangible.
Intangible =/ Value, according to us Indians.
Ed techs are struggling because of their own problems. No EdTech can provide as much value like offline coachings.
Can't speak for other countries, but in India, we folks are all about that sensory stimulation, whether it's for studying or buying stuff. Like, I've seen more than 70% of those competitive exam aspirants saying they prefer physical classes cause they just can't focus and set study goals online. They need to see peeps around, studying and asking questions, to get in the zone. Simple bhasha mein "Padhne ka mahool nahi hai yr"
Same goes when it comes to buying things. Us Indians, especially the middle-class(majority), love to analyze, haggle, hit up multiple stores, and make like 3-4 visits before we seal the deal on big-ticket items. That process gives us a whole other level of satisfaction.
Cyphx5
Stealth
a year ago
The thumb rule is, people generally tend to spend money where it can yeild tangible outcomes. Something that is not yet proven to deliver tangible outcomes will have to struggle until they make it.
Badbunny
Stealth
a year ago
He is really sick !!! Mental maniac
Indians do pay online . For online soft porn in chingari. For online gambling in rummy and other apps etc
Coming from a Training Industry, there are certain courses which can be done Self-Paced/Online like Ed-Tech companies do, but when it comes to practical application learning or advanced upskilling it is better to take a classroom course with an instructor.
It depends, some things work for some people some things work for others. It's a choice.