Growth Experts with Dennis Brown
Business:Marketing
Richard Lau is the creator of NamesCon, now part of the GoDaddy family, and an entrepreneur who has generated millions of dollars of revenue in the internet and domain name industry. Richard recently successfully exited Resume.com and is now working on Logo.com. He’s here to share wisdom gained from his success in exiting several online business models, detailing what you need to know to position and package your business for exit in preparation for exiting several years into the future.
Tune in to learn tips and tricks, as well as lessons learned, from an expert on preparing yourself and your business for a smooth and profitable exit. We talk about the importance of having a buyer’s mindset, contracts and documentation in place, awareness around licensing, having relationships with business brokers and lawyers, and much more.
During this interview, we discuss:
3:15 – How Richard became successful in the domain industry
5:04 – A domain name he wishes he didn’t sell
7:28 – Learning about exiting a business from those who have done it before
9:12 – Why you need to look at your business from a buyer’s perspective and mindset
13:17 – Having contracts and documentation in place with everyone you work with
14:18 – Being aware of licensing
18:48 – The importance of having relationships with a business broker and a lawyer
23:00 – Changing your attitude towards tasks you dislike
23:43 – Clean, professional accounting
24:45 – The problem with a Founder/Owner driving the majority of the revenue
27:07 – The power in diversifying your revenue
28:00 – Richard’s favorite growth tool
28:39 – His most recommended book
29:29 – How to connect with Richard
Plus, a whole lot more!
Resources:
NamesCon
Logo.com
Resume.com
Million Dollar Bedroom by Matt DeCoursey
Reach out to Richard on LinkedIn
Email Richard: Richard@logo.com
————————-
If you enjoyed this episode, please RATE / REVIEW and SUBSCRIBE to ensure you never miss an episode.
Connect with Dennis Brown
AskDennisBrown.com
Instagram [Free Giveaways]
GE Ep 263 [2020] - Are You Making This Marketing Mistake?
GE Ep 321 [2021] - 7 Ways to Make Better Live Video on Social Media
GE Ep 302 [2021] - 7 of My Favorite Tools For Managing Remote Teams
GE Ep 314 [2021] - 6 Marketing Tasks That I Outsource and Why?
GE Ep 300 [2020] - 5 Ways to Come Up with Great Content For Your Next Blog, Video or Podcast
GE Ep 323 [2021] - 5 Copywriting Hacks that Helped Me Generate Over $100,000 in Profit Last Month
GE Ep 265 [2020] - 4 Tools to Help You Grow Your Email List Fast
GE Ep 220 [2020] - 3 Tips For Creating A High Growth Culture in Your Business
GE Ep 267 [2020] - 3 Reasons Why YOU Need to Be Doing Live Video
GE Ep 354 [2021] - The Reason Why 80% of Businesses Never Sell w/ Michelle Seiler
GE Ep 353 [2021] - How to Hire A-Players to Help You Grow Your Business FAST! w/ Ugis Balmaks
GE Ep 352 [2021] - How to Avoid The Million Dollar Mistake! w/ Mike Zeller
GE Ep 351 [2021] - How to Use Instagram DM Automation to Get More Customers w/ Mike Yan
GE Ep 350 [2021] - How to Use “The Ironman Growth Formula” in Scaling & Growing Your Business w/ Robert Clinkenbeard
GE Ep 349 [2021] - How to Tap Into and Monetize Your Niche Market w/ Rachel Brenke
GE Ep 348 [2021] - The Triple Threat YouTube Method to Scale Your E-com Brand w/ Jeremy Gillespie
GE Ep 347 [2021] - How to Leverage Appointment Setters to Unlock 7 Figures in Revenue w/ Lloyd Yip
GE Ep 346 [2021] - Why SEO and Content Marketing Are More Important Than Ever in 2021 w/ Rahul Aggarwal
GE Ep 345 [2021] - 2 Marketing Hacks That Swag.com Use to Hit Over $3 Million a Month in Sales w/ Jeremy Parker
GE Ep 344 [2021] - How to Raise Million to Finance Your Business with Crowdfunding w/ Teague Egan
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Right About Now with Ryan Alford
The Marketing Secrets Show
The Agile Brand™ with Greg Kihlström
B2B Agility™ with Greg Kihlström
The Goal Digger Podcast