Dave interviews his good friend Ronnie Teja, a well-connected figure in digital marketing, to talk about the 3 online business models that rewards the most while hurting the least. We also talk about which ones are the best to start in terms of capital, and why they're worth it. Happy new year everyone! Today's episode is sponsored by Omnisend.
Check them out today! In today's episode, Dave actually flew over to Thailand and recorded this episode in person with his good friend Ronnie Teja to share his insights on living and working in Thailand full-time, the tax implications of running a business around South East Asia, and how much it costs to run a business from one of these countries. The Big Takeaway:
- E-commerce, content, and SaaS each have unique advantages and challenges.
- Living in Thailand offers both benefits and drawbacks for entrepreneurs.
- Starting with e-commerce can be viable with a small budget.
- SaaS businesses can yield higher multiples on exit compared to e-commerce.
- Building a community can enhance business opportunities.
- High-ticket items often provide better margins in e-commerce.
- Iterating on SaaS products is more feasible than on physical products.
Timestamps
- 00:00 - Introduction to Ronnie Teja and His Ventures
- 02:48 - E-commerce, Content, and SaaS: A Comparative Overview
- 06:10 - Living and Working in Thailand: Pros and Cons
- 08:59 - Tax Implications and Business Registration in Thailand
- 11:47 - Choosing the Right Business Model: E-commerce vs. SaaS vs. Content
- 15:05 - The Future of E-commerce and SaaS Businesses
- 17:55 - Navigating the Challenges of E-commerce
- 20:52 - The Role of AI in Software Development
- 24:05 - Building a Community and Audience for Business
- 27:00 - Final Thoughts on Business Strategies and Models
As always, if you have any questions or anything that you need help with, reach out to us at support@ecomcrew.com if you're interested.
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Thanks for listening!
Until next time, happy selling!
