This week, the聽黑料门
The discussion touches upon:
- The value of聽buying an聽existing domain rather than starting a聽business from scratch
- Structuring a聽company for聽eventual sale
- Making your domain a聽valuable web property
- The value of聽landing pages to聽capture niche markets and聽drive them back to聽your site
- The benefit of聽finding successful domains related to聽your business, which you should consider buying
- Activities to聽help with building a聽successful ongoing business, while creating a聽sellable asset
- The brand as聽a聽big piece of聽the聽value of聽your business
- Moving beyond just reselling someone else鈥檚 brand.
- Four pillars of聽value: risk, growth, transferability, documentation.
Want more insights from Mark? Lucky you! He聽also has a聽 and聽a聽special business .
Highlights:
- 聯We don鈥檛 think about the聽business as聽something having a聽value in聽and聽of聽itself, the聽asset value of聽the聽business. I聽would just start with the聽understanding that if聽you鈥檙e getting started in聽the聽world of聽online business, you鈥檙e building something that will hopefully make you some money, but think about it聽in聽a聽different way as聽well. You鈥檙e also building something which is聽valuable in聽and聽of聽itself.聰
- 聯I聽want to聽really teach you what is聽going to聽drive the聽value of聽your business and聽what might actually hold that value back from being what it聽could be. This is聽really good to聽know when you start a聽company, or聽you鈥檙e in聽the聽process of聽starting the聽company because you can start to聽build your business around these principles. The beautiful thing about these principles as聽well is聽if聽you get these right, you鈥檝e got a聽great business to聽own. At聽the聽end of聽the聽day, a聽great business to聽sell is聽a聽great business to聽own.聰
- 聯What are areas of聽risk? What makes buyers recoil or聽say: 聭I聽don鈥檛 want anything to聽do聽with that.聮 Concentration. Concentration is聽a聽huge issue in聽these businesses. So聽what is聽concentration? Concentration is聽when one person knows everything, does everything, and聽is聽the聽key person to聽the聽business. And maybe they have their name all over it. We聽see this a聽lot with
product-based businesses put out by聽doctors. Because they got those initials before their name, they鈥檙e like: 聭I聽am聽going to聽use my聽status as聽a聽doctor.聮 As聽they should to聽give authority to聽this product. It聽is聽a聽great way to聽launch a聽product, and聽it聽is聽a聽bad way to聽sell a聽business down the聽road.聰