Who can make money in India? - Astro, Cricket (Gambling), Bollywood and Religion
LooseGoose
Stealth
a year ago
Goes to show how desperate Indian people are for solutions in life that they are doling out money to babas and astrologers
But then again, we've always been that kind of a people
Retention and sustainability will be a huge problem if the customers aren't happy with results though. Will be interesting to see the next few years playing out for astrotalk.
Doesn't show anything really.
Its a business model and astrology is more mature than so called science.
LooseGoose
Stealth
a year ago
If it were, people would be crorepatis just by wearing jewels and doing Puja. Any solution that actually works doesn't take very long to reach mass adoption.
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Greatusername
Stealth
a year ago
Taxed at 18% rn
user_129
Stealth
a year ago
Tax it at 28%, same as RMG. Exploitative hai
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Astrology is not even scientific it's like promoting superstition but govt is not give a F
Stupid people loosing their hard earned money , why should the govt. intervene ?
People are "loosing" their money in gambling games too. They came in to steal that.
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Tells a lot about us consumers rather than about the business. Businesses are meant to exploit any gap they see and an opportunity to make money out of it.
With only 800K in funding
Edtechs can't achieve sh*t with billions
mrityu
Stealth
a year ago
Bro is this the same Astro Talk that keeps saying "this guy predicted anushka and virat marriage"? Bro if thats the case I am gonna jump off my roof WTF
AITookMyJobToo
Stealth
a year ago
Can he predict the same for my brother from another mother?
I've seen an engineering graduate from NIT, working as astrologer on astrotalk app, they've somehow won credibility of professionally educated crowd.
app is easy to use, they change money according to duration of chat / call, mostly hosts are "hope selling yes men"
sir ye 4 steps krlo, xyz problem resolved ho jaega, but it's atleast comforting to have someone polite and non judgemental talking on otherside.
PS. I used their 5 mins free service, no extensive experience.
Blabla_blackshit
Stealth
a year ago
Monetising fear and desperation.
Biggest category at Astrotalk is love life, followed by business advise and then health.
70-30 Female to male split.
Fear of some gullible love struck females being monetised.
BoogieMan
Stealth
a year ago
Maybe they should rely on drinking instead to tower over their miseries. That seems perfectly legit.
Cosmetic companies, coaching industry, and many others monetize fear and desperation. @Blabla_blackshit
I want to see a startup offering mental health counseling having this much revenue as supposedly gained by astrotalk.
EarlGreyTea
Stealth
a year ago
Wedding industry as well
When it's about Astro, chose nomy and not logy
I have said this to 100's before (in my mind obviously, geminis kattal karva de na toh)
Not sure about YC Cohort… but some 1-2 months back, read about an AI based Astro startup by some NIT/IIT person. Don’t remember the name.
A person i know is a vp at a company and also a numerologist. They easily make ~60k a month by barely investing any time on the numerology thing, (charge 5k a session and have 3-4 sessions per week).
They did a lot of studying etc to come at this level and tested with close friends and family lol. I was one of them and it helped me at that time…
Their next goal is to make the website big and invest in SEO, then retire. Currently they use this additional income for fun stuff like buying bikes/gadgets etc
LooseGoose
Stealth
a year ago
Yes, there are very few legit ones that actually study in depth and can do readings and accurate predictions. And they mostly don't choose to monetize it.
I had a friend who was a very good self taught palmist. She refused to charge money or predict someone's future because she believed in not messing with outcomes.
Nowadays apart from Hindu community other communities such as Muslims, Christian etc community have been brainwashed due to digital marketing.One astrologer told me that I would be billionaire after age of 30 but I am still struggling to meet needs that shows how this business exploits everything to make money.
Grub96
Student
a year ago
I think it's even before that. Regardless of your religion people are into astrology. Even the young generation as well. I know someone who is a big astrology nut.
Grub96
Student
a year ago
I have been following him for quite some time and astrology is literally a money printer. Not for every pandit ofcourse. The ones that are established, do very well for themselves. Multiple crs/yr
Tech8
Stealth
a year ago
Astrotalk had a customer spending 2cr on a service.
Dont know any such service where individuals will spend such money for mentoring
SundayBlues
Stealth
a year ago
Next big idea... VCs can fund a baba with required infra(ashram,et al) and pressurise him to acquire followers at a faster pace so that they can break even and exit the venture by listing in NSE
I want to know what percentage of females are paid users of these apps?
I assume females fall for these things more
SharpOmelet
Stealth
a year ago
There is nothing called as ‘paid user’. Everyone needs to pay to connect with an astrologer over call/text.
Every astrologer has their price set for per minute charges and the user needs to load their astro wallet to start the call with a specific astrologer.