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Posts Tagged ‘Earnings’

Online Startup

November 2, 2008 2 comments
To increase exposure for startups on Bizak we’ve opened up our project listings for public view.  Sartups on Bizak are categorized according to industry, business type and revenue source. 
The 19 categories below contain the listings for each industry – you can then sort deeper according to business type and revenue source.
  1. Internet 
  2. Education
  3. Advertising & Marketing
  4. Computers & Electronics
  5. Arts & Entertainment
  6. Finance & Insurance
  7. Banking & Mortgage
  8. Business
  9. Politics & Media
  10. Legal
  11. Construction
  12. Design
  13. Healthcare
  14. Industrials
  15. Non Profit
  16. Printing
  17. Retail
  18. Sports
  19. Transportation

Investors, Financing, Venture Capital & Funding Opportunities of Startups

September 16, 2008 Leave a comment

To register please visit: https://www.bizak.com/investors/register

This evening, actually 2am this morning, we at Bizak are starting to role out the investor side of our database. This means investors and corporations can finally view and compare startups within our database.  Different from the startup side, investors can actually see specific data, web analytics and financial data for all startups who elect to have their information published.  

Right now, as of 2am Tuesday morning, investors can subscribe to our XML feed and view and compare benchmarks to startups.  All of the investor applications will be completed by Wednesday afternoon.  The features that still need to be added are the profiles (contact information, bio, links, etc.) for startups and the ability to view and sort the top ten projects according to each sort.  A sort consists of Industry, Business Type and Revenue Source.  For example, you can view the top ten startups who are in the Internet industry, operate a business network and have a subscription model.  

As for the XML feeds this allows investors, venture capital firms and corporations to integrate our data into their platform for both internal use and database access for clients.  Examples of the data included in the XML schemas can be seen below.  Both of the XML files are being modified a bit more and contact phone and URL will be integrated into the startup schemas. Each subscriber has their own unique URL which returns data in XML format using the below schemas.

To register please visit: https://www.bizak.com/investors/register

For additional information about the investor side of Bizak please view the video below the XML data.

Startups & Projects

<?xml version=”1.0″ encoding=”UTF-8″?>
<projectlist>
<project>
<startup>Startup Company Name (text)</startup>
<startupcontact>Startup Contact Name (text)</startupcontact>
<projectname>Project Name (text)</projectname>
<industry>Industry (text)</industry>
<websitetype>Website (text)</websitetype>
<revenuesource>Revenue (text)</revenuesource>
<visitors>Visitors (number)</visitors>
<revenue>Revenue (number)</revenue>
<rpv>Revenue per Visitor (number)</rpv>
<costs>Costs (number)</costs>
<cpv>Costs per Visitor (number)</cpv>
<earnings>Earnings (number)</earnings>
<epv>Earnings per Visitor (number)</epv>
<estimate>Bizak Estimate (number)</estimate>
</project>
</projectlist>
Benchmarks
<?xml version=”1.0″ encoding=”UTF-8″?>
<benchmarks>
<benchmark>
<industry>Industry (text)</industry>
<websitetype>Website (text)</websitetype>
<revenuesource>Revenue (text)</revenuesource>
<visitors>Visitors (number)</visitors>
<revenue>Revenue (number)</revenue>
<rpv>Revenue per Visitor (number)</rpv>
<costs>Costs (number)</costs>
<cpv>Costs per Visitor (number)</cpv>
<earnings>Earnings (number)</earnings>
<epv>Earnings per Visitor (number)</epv>
<estimate>Bizak Estimate (number)</estimate>
</benchmark>
</benchmarks>

 

 

Bizak’s Revenue & Business Model

September 11, 2008 Leave a comment

Here is another slide from Vencorp’s Mashable Startup Showdown.  This video is a bit longer at 2:49 and this time around I’m discussing (in detail) Bizak’s current revenue model.  The discussion also talks about our plans to syndicate our data via XML (available soon for $4,000/month) and the integration of professional consulting services for both startups and investors.

For the high quality version of this video please click here.

Financial Analysis – Bizak’s Root

August 27, 2008 Leave a comment

Bizak’s idea is rooted in the financial analysis and EPS of public companies. What I’m trying to do is create an average performance metric for startups according to their industry, business type (wiki, blog, etc.) and revenue source (Adsense, consulting, etc.) and any and all combination of the three. Bizak computes (and creates benchmarks) for visitors, revenues, revenues per visitor (RPV), costs, CPV, earnings, EPV and valuation. This will allow startups to view their performance to their industry, other industries and possible more importantly the ability to research what industries, types and revenues are good business models.

Leveraging our tools with and/or partnering with investment firms?  A partnership includes the integration of our data/benchmarks with the investment firm (via XML feed) in return increasing everyone’s exposure to internet startups.

Comparative Analysis, Web Analytics, Financials & Benchmarks

Last evening, in addition to infoMedMD, we at TOKiBiz also launched the industry benchmarks for Bizak.com

If you’re already registered with Bizak just login and you’ll see a nice new navigation bar for you.  If you haven’t registered with Bizak you can do see via the website worth page.

For additional information and definitions about the benchmarks please click on the image below.  For a full size screenshot please see full size screenshot.

 

Benchmarks

Benchmarks

Free or Not Free?

April 9, 2008 3 comments

When starting a startup one of the most difficult (and essential) tasks is to determine the revenue model. Today there are a lot of great Web 2.0 applications – the technology is amazing and the progress is very exciting. However, as good as the technology is a lot of them lack any sort of revenue model. The majority of them rely on Google Adsense to cover the bills and I assume rely on prayer to get bought out. Google Adsense is not a revenue model!

Building tremendous technology can be very difficult but being able to monetize that application is often a daunting task – especially for the very technical. Daunting because figuring out what people will pay for with a subscription model is very difficult. First off an application that targets a younger, non-professional, market is going to have a very difficult time generating revenues. This younger market has grown up with the web and everything has been free for them. This age group has also become immune to advertising. They know how to ignore banners and they know what Google Adsense looks like – no matter how well it blends into your design and content.

As I mentioned above Google Adsense is not a business model – it also doesn’t generate significant income for the majority of websites. I feel that if you’re targeting a professional market and you’re using Adsense then it will work against you. If you need Adsense to supplement your revenues then your business is probably not thriving and therefore I will likely go somewhere else. There is of course in-house advertising which can be very lucrative, however, it requires a lot more work, traffic, creativity and a niche market.

So when building a startup a lot of the revenue model decisions come down to should we give everything away for free and use an advertising model or should we go with a subscription model? First off I’m not a fan of giving away services for free! Once you’ve given something away for free it becomes virtually impossible to ever charge for that service in the future. You can always start off with not free and then revert to free if subscriptions don’t work. However, you can’t go from free to not free!

One of the main reasons why I don’t like free is because it diminishes the value of your subscribers. It still amazes me that people will sign up for anything as long as it’s free. They might not like the service but they like free so they’ll register with your site. Obviously this boosts your subscriber totals, however, it doesn’t create loyal customers and the quality of those subscribers is low.

Now if that subscriber paid for your service then you know he/she really values your work, finds it useful and will likely use the service again. Obviously your subscriber totals will be lower but you’ll have revenues from loyal subscribers.

So with that comes my belief that there are two types of prices – Free and Not Free. There are some people who won’t pay anything for a service – they only want it if it’s $0.00. These people don’t care if it’s $4 or even $1, if it’s not Free then it’s not for them.

The second price is Not Free and this relates to people who value the service you built and will pay to use it. Unlike free, which gives you zero flexibility, not free comes with a range of flexibility. Depending on the service offered if you’re able to target the people who will pay Not Free for your service then the actual price you charge isn’t a determining factor. For example, if you sell high end information services to professionals then it’s not going to matter if you charge $500 or $900 for that service. This person wants the service you offer and price (within reason) won’t make a difference. Just like on the lower end, if they’re willing to pay $5 then they will likely pay $10.

In sum, applications built on a subscription and/or service model which targets professionals and/or a niche market are my favorites!

Video of this Post

Earnings, Income, Costs & Profit/Loss Calculator

January 20, 2008 2 comments

Key Performance Indicators (KPIs) Calculator

To embed this EPV calculator into your website use:

<script src=”http://www.bizak.com/calculators/epv.js”></script&gt;

For WordPress blogs use:

<script type=”text/javascript” src=”http://www.bizak.com/calculators/epv.js”></script&gt;
<script type=”text/javascript”>
<!–
bizakComEpvStart();
//–></script>

To use the EPV Calculator online visit:

Business Valuation