Business attributes

Every profile carries three attributes describing how the business is built, alongside the figures describing what it earns: sourcing, catalogue structure and differentiation. They matter because two businesses with identical revenue can be worth very different amounts. A private-label brand with tooling nobody can copy and a retail-arbitrage account with the same monthly profit are not the same asset, and the difference is not visible in the numbers.

Sourcing

How the business gets its product — the single method most of its revenue comes from. It is the strongest signal of what actually transfers in a sale: a brand you own conveys to a buyer, a knack for finding discounted stock does not. Placed by us from the public record, not stated by the seller.

Catalogue structure

The shape of the catalogue: whether revenue rests on one product, a handful, a long tail of variations, or a portfolio with no anchor. It tells a buyer what running the business involves day to day, and where it breaks if a single listing stalls.

Differentiation

How hard the product is for a competitor to copy. The principle is that complexity, cost and time spent make a product defensible — and that the uniqueness has to be visible to the customer. A factual checklist rather than a rating: the questions are answered in order and the level is the first one that gets a yes.

Where these appear

All three sit under Additional metrics on a profile. None can be read off a set of figures and none is worth guessing, so a profile we have not placed shows a question mark rather than an answer. A question mark means nobody has placed it yet — not that the answer is none, and not a judgement about the business.