There’s one thing you should remember while looking at the share price of Paytm. Even though Paytm is a startup that has been holding the internet space for quite some time, it does not mean that it cannot be able to compete in the market. For those who are thinking of investing in the Paytm share price, there are a few things that you need to keep in mind.
The founder and CEO of Paytm, Vijay Shekhar Sharma, are now in charge of all aspects of the company. Thus, with this move, there are a new strength and potential of the company that was absent earlier. All this results in the potential of the company being tremendous.
As already mentioned earlier, the biggest challenge facing the company is that its business is currently dominated by the payment gateway service. This is the biggest danger that has been faced by the company for quite some time. However, this weakness has made the company more popular because of the experience of its founders. With the right leadership and skills, the company can successfully overcome this problem.
In spite of this weakness, the company is very much ahead of its competition with its web portal. Once it’s payment gateway services to get higher in demand this will automatically impact the share price of Paytm. Therefore, it is extremely important for the company to have a strong customer base in order to keep up with its competitors.
The use of the web portal will enable the company to leverage on its web platform and drive the customers to use the web portal and access the e-commerce feature of the company. The best part of this is that the people who are going to use the web portal will directly access the paytm.com website and the services that the company provides.
With the help of the web portal, Paytm can easily penetrate the market of international customers that are present outside the country. Moreover, the company can use the user interface to improve its customer service and increase the sales and revenue. Therefore, the company will get further exposure and put more focus on improving the quality of the product and service that it offers.
The biggest factor affecting the share price of Paytm is that of its shareholders. The key investors of the company are all large companies. These investors are all paying hefty dividends to the management that is why they are the main reason behind the high share price of Paytm.
To drive the share price of Paytm, one must concentrate on the marketing strategy of the company and the revenue generated from the online store. It is true that the revenue generation from the online store will also help boost the share price of Paytm but the main strategy for the success of the company is to attract customers through the Paytm site and make them spend money using the money service.
The next strategy that the company must implement is that of the promotion of the product that can be offered through the online store. This means that the company must offer freebies and promotional gifts to promote its products.
Apart from this, the company must continue to work hard in order to market itself in order to bring in new customers and increase the revenue. This will eventually result in the creation of another revenue stream.
To attract huge attention from new customers, the company must keep increasing the scope of its product and services that can be available on the web. Moreover, it should also work hard to earn the trust of its users so that it can be able to entice more people to try out the product.
In summary, the only way to determine the share price of Paytm is to look at the current situation in the market. From there, you will be able to determine the viability of the company and the features that it has to offer to consumers.