Online Business Models: An Evaluation Framework
When you decide to get into Ecommerce website investing and start searching for websites, you’ll notice that there are not only different industries to invest in but also different business models. You might be aware of some of these different models, such as High Ticket Dropshipping, Fulfilled By Amazon (FBA), Software As A Service (SAAS), and others. In addition to understanding a certain niche in the market, you also need to understand the business model of the website you are investing in.
Today we share some key factors to consider as you think about different online business models. Factors like resale value, the number of available websites, and dollar margins will all affect the amount of time you put in and the financial decisions you will have to make. Having an evaluative framework in place will make this sorting process much easier.
On this episode you’ll hear:
- Ian Bond’s evaluative framework, a pyramid of factors, and his description of each level of the pyramid
- These factors include:
- Number of Sites Available
- Special Knowledge Required
- Required Customer Support
- Ease of Scalability
- Dollar Margins
- Traffic Needed
- Resale Value
- An analysis of the importance of each level, and why this framework will save you a lot of time in your investment process
If you’re looking for an evaluative framework to inform your Ecommerce investment decisions, then this is one episode you won’t want to miss.
Resources
Transcription of this Episode
Welcome to the Professional Website Investor Podcast, the show where we talk about what it takes to successfully buy, operate, scale and sell a thriving eCommerce business. When it comes to doing business online, we believe that buying an existing website is far superior to building one from scratch. If you’re a career professional who’s looking to become an eCommerce store owner, listening to this show will give you the knowledge, tools and community support you need to be successful.
I’m your host, Ryan Cowden. This week, we’re joined by Ian Bond from professionalwebsiteinvestors.com. In this episode of the Professional Website Investor Podcast, Ian and I discuss a common framework you can use to elevate your online business models. When you decide to get into eCommerce website investing and start searching for websites, you’ll notice that there are not only different industries to invest in but also dif