Who can make money in India? - Astro, Cricket (Gambling), Bollywood and Religion
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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.
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.
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.
Tax astrology same way as gambling and we will see few of these scammers
Taxed at 18% rn
Tax it at 28%, same as RMG. Exploitative hai
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
- content creation though this is global
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.
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.