3 things I Learnt As An BIZ Experiences While Managing My Online Jewellery Business Have the courage to defend your idea, especially at the very early stage.

By Chirag Virani

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Shutterstock

Chirag Virani, CEO and founder of Viranigems.com, believes that consumer mind-set is slowly changing when it comes to buying valuable items online starting from electronics and clothes to diamond jewellery.

I am fascinated by the fact that I would not only be able to witness this change in consumer mind-set, but also be the driver of this change in the growing jewellery e-commerce ecosystem.

From an idea stage to the implementation, I have come across many unique challenges that have helped me grow both personally as well as professionally on my never ending journey as an BIZ Experiences. In this article, I would like to share some insights that I hope would help anyone who is going through a similar journey I have am currently going though.

Idea and Concept Development Stage

Your idea could be a billion dollar idea, but if you, yourself do not have full faith in your own idea and doubt your logic every time someone challenges you, the idea is most likely not going to turn into an action. Not everyone you seek approval from would share the same vision, enthusiasm or passion. If I had doubted myself when many of my close friends, including some of the biggest industry players failed to see the potential in jewellery e-commerce portal, I would have not launched my online diamond jewellery brand. Despite as many doubts you may have, have the courage to defend your idea, especially at the very early stage.

After your Idea turns into Action

Once you decide to go ahead with your idea and invest your time, energy and money into your vision, you must have a well balanced team that is working towards the same vision with clear and measurable goals. At the very early stage, I and my wife were able to handle majority of the tasks ourselves, but we soon realised that we needed to build a strong team with technical expertise as well as PR and marketing background. No matter how talented you are, you would not be able to handle all the different aspects of your business effectively on your own. If you cannot afford to have an in-house expert of your domain, you should seek consultation or outsource some of the services at the early stage.

At the growth Stage

Having a sense of urgency is one of the key factors that have allowed my online diamond jewellery portal grow as fast it has so far. Whether it was identifying and understanding my target market, or coming up with creative ways for providing my customer the best online shopping experience, I had to act fast before my competitors. Without a sense of urgency, it's very easy to lose momentum.

As an BIZ Experiences, if you remain motivated and driven after each defeat and stay humble and focused after each victory, sooner or later, you would definitely succeed.

Chirag Virani

CEO & Founder Viranigems.com

After completing his engineering and MBA from Toronto, Canada, Chirag Virani started an online diamond jewellery portal in India. Despite the fact that many customers in India prefer to “touch and feel” their jewellery before buying, Chirag is betting on the long term growth potential of e-commerce market with growing tech-savvy younger generation and countless advantages online shopping offers. 

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Business News

Here's How Much Google Software Engineers, Product Managers, and Data Scientists Make in a Year

Data revealed in federal filings shows how much Google is compensating its employees.

Growing a Business

10 Habits That Separate Rich and Successful Founders From Wannabe BIZ Experiencess

Successful BIZ Experiencess adopt rich habits. Unsuccessful BIZ Experiencess ignore their habits.

Business News

Apple Smashes Expectations With $94 Billion Quarter. Here's How the iPhone Maker Did It.

Apple just reported a significant revenue beat for its latest quarter, exceeding analyst expectations.

Business News

Here's How Much a Typical Microsoft Employee Makes in a Year

Data from thousands of new federal filings shows how much Microsoft is paying its employees, from software engineers to product designers.