What is R-Commerce?
E-commerce made it trivial to sell anything to anyone. Pick a product, stand up a store, run some ads. Which is exactly why the margins went where they went: when anyone can start, everyone does.
R-commerce is the other kind of market. Regulated commerce is the buying and selling of goods and services in industries that answer to a regulator, where you cannot trade until someone in authority says you can.
Put the two side by side: a $7 trillion e-commerce market and a $90 trillion regulated commerce market, roughly 13 times as large. The opportunity is to make starting a licensed business as approachable as opening an online store. Dallo brings company setup, registration, policies and your website into one place to help you do that.
The barrier is the point
In an open market, a barrier to entry is a problem to be removed. In a regulated one, it is the asset.
A licence, a registration, an accreditation: these are slow and irritating to obtain, and that is precisely what makes them worth having. The operator who has one is competing against the handful of others who also have one, not against everybody with a credit card and an afternoon.
That is the whole argument for choosing a regulated industry. The paperwork that keeps you out today is what keeps everyone else out tomorrow.
The comparison also puts e-commerce at around 27,000 competitors per $1 billion of market size, against 2,200 in regulated commerce. Those broad figures are a starting point for choosing a market; local demand and the service you can deliver still matter.
What these industries have in common
They look unrelated from the outside. Disability supports, aged care, pharmacy, medical imaging, training organisations, wagering, out of home care. Different work, different customers, different regulators.
Underneath, they share a shape.
You need permission first. Not a business name and an ABN. An assessment against standards, by a body with the power to say no.
The permission is conditional and ongoing. It can be renewed, varied, suspended or removed. It is not a certificate you frame. It is a state you stay in.
Evidence is the product of your operations. Not the service you deliver, but the record that proves you delivered it properly. Incidents, screening, qualifications, consent, versions, dates.
Someone will come and check. Eventually, and usually with less notice than you would like.
Why the software has always been wrong for this
Regulated operators end up running their business on tools built for unregulated ones: a drive for documents, a spreadsheet for the register, an inbox that holds the only copy of something important, a website that says nothing a referrer needs to see.
Each of those tools is fine. The problem is that none of them knows what an auditor asks for, when a check expires, or which version of a policy was in force on the day an incident happened. Every one of those questions gets answered by a person, from memory, under time pressure.
That is the gap. Not a missing feature in any single tool, but the absence of a system that understands the shape of the industry it is being used in.
What this means if you are starting
Two things follow from all of it.
First, do not treat the regulatory work as overhead to be minimised. It is the moat. The hours you spend getting the entity, the scope and the evidence right are the hours that make the business defensible.
Second, build the record as you go. Every regulated business eventually has to prove what it did. The ones that find that easy are not more diligent than everyone else. They just kept the proof in a system rather than in their heads.
Pick the industry you actually want to work in. Dallo helps you set up the company, work through registration and get your website ready. The steps are in one place, so you can spend less time working out what comes next and more time building the business.
Filed under