Uncensored Growth - Online Marketing & Business Strategies
About This Show
The Uncensored Growth Podcasts reveals all of our online business and high-level strategies, growth hacks and marketing tips and tricks, so you'll get a behind-the-scenes look on what it takes to grow a business to 7-figures and beyond. Whether you are a business owner, marketer or anyone trying to grow a business, this is where you'll hear all about automation, analytics, outsourcing & delegation, Facebook Ads, split-testing, storytelling, video marketing, funnels, email marketing, software as a service (SaaS), affiliate marketing and more.
Most Recent Episode
#28 - The ugly truth of selling a business (+ 5 biggest lessons learned)
In episode #28, Wilco shares about his experience about selling a business. Time Stamped Show Notes: 00:40: I wanted to talk about selling your business. 02:05: You may know me from WordPress for Facebook. 02:20: That was a WordPress plug-in that allowed you to create Facebook welcome pages. 04:30: FE International, they have a bid network of people who basically are interested in more higher ticket size or online businesses that are worth more. 06:45: If you are ever planning on some kind of an exit or like selling your website or selling your business, it makes a lot of sense to have recurring in your business. 07:00: Another thing I learned is that I was too involved in the business. 08:49: If you are ever trying to or thinking of selling your business, make sure you are not working in the business by the time that you're going to list it for sale. 10:10: It's always good to do brainstorm with an expert beforehand to make sure that your merchant account can be easily moved over. 14:19: Don't try to do it all on your own. 14:25: Get a good broker involved. 14:28: Make sure you add a recurring element. 14:45: Make sure that from the beginning, you have separate merchant accounts set up. 14:58: Make sure to vet your buyer. 15:00 Make sure to put it in writing what exactly you expect from them. 15:05: Communicate that clearly to your customers so that the customers are aware of everything as well. Transcription: Hey, hey, hey, everyone. It's me, Wilco de Kreij here, and I am back for yet another episode. It's been a while sine I recorded the last one, so it's about time that you and I hang out. Today, I wanted to talk about selling your business, and more specifically, about my experience about selling a business because not everything went as smooth as it should have gone. There's quite a few lessons I learnt along the way, and that is what I wanted to talk about today with all of you. For those who are wondering, no, I did not recently sell my business or anything like that. The last time I sold a business is actually quite a few years ago. I think it was around 2012, so around five years ago already. It's been a long time. Before that time, I sold various smaller projects like when I was still a kid, more than 10 years ago, when I sold smalle