Business Quote by Marc Ostrofsky
“Online business models are still evolving. New and different products and services pop up every day. This gives rise to supporting products and services. A business can make substantial profit by helping others execute their plans for making money.”
About This Quote
Evolving online markets create opportunities for ancillary services that help others profit.
In simple terms: Online markets create service opportunities.
Key Takeaway
Identify and fill supporting niches.
Themes
entrepreneurship
innovation
digital economy
service industry
Mood
optimistic
strategic
Type
business
motivational
When to use this quote
- startup consulting
- software tools
- marketing platforms
Key Concepts
business models
value chain
Questions to Reflect On
- What unmet needs exist in current online businesses?
- How can you differentiate your supporting service?
A Different Perspective
Market saturation can limit profitability of support services.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)