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The How of Business - How to start, run, grow and exit a small business.

250: Buying & Selling an Online Business with Mark Daoust

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 20 May 2019

⏱️ 51 minutes

🧾️ Download transcript

Summary

Buying & Selling an Online Business (21:48) with Mark Daoust, the founder and owner of Quiet Light Brokerage. She shares stories from his entrepreneurial journey, and his philosophies on how to run and grow a small business. Then we get into the topic of Buying and Selling an Online Business (starting at 21:48), including what makes for a successful online business and how to make sure it can be sold. Mark introduces the four key drivers of value for an online business, and why buying an existing business may be better than trying to build your own.

Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com  

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run and grow your small business. And now here is your host.

0:15.2

Welcome to this episode of the How Well Business. This is Henry Lopez and my guest today is Mark Doused. Mark, welcome to the show.

0:22.4

I'm really excited to be here. I'm looking forward to this conversation. It's a topic we have not

0:26.9

chatted about, I think, maybe ever on this show, but certainly not in quite some time. We're going to

0:32.3

talk about Mark's entrepreneurial journey, how he got to where he is today. He's been an entrepreneur

0:37.2

for quite some time.

0:38.5

And in his insights on what he specializes in today,

0:41.2

which is helping people buy and sell online businesses.

0:45.3

So that's what we're going to focus on in our conversation today.

0:48.9

To receive more information about the Howa Business,

0:51.2

including links to the show notes pages,

0:53.9

just text the word biz, B-I-Z, to 31996.

0:59.0

So Mark Doused is the founder and owner of Quiet Light Brokerage. That's his latest business.

1:05.2

He founded the Quiet Light brokerage in 2007, after assisting a close friend of his to sell that friend's website for a

1:13.6

dramatically higher price than most other websites were even daring to ask for at that time.

1:19.3

Since then, Mark has helped hundreds of online small business owners to maximize the value of

1:25.3

their websites and to divest themselves of those businesses in the

1:28.8

most profitable way possible. In part, Mark has achieved this by embracing his philosophy

1:34.9

that he calls reckless honesty, which is to say that he believes that chasing the most money

1:40.4

for himself at the expense of honesty winds up costing much more in the long run.

1:46.3

It's a great philosophy to have in life and in business. Mark lives in the Minneapolis-St. Paul

1:52.4

area. So once again, Mark Douse, welcome to the show. Thanks for having me.

...

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