17 min listen
Sold 5 Companies Before Age of 30, Now Side Stream Income is $500k/Year with Lane Campbell EP 218
Sold 5 Companies Before Age of 30, Now Side Stream Income is $500k/Year with Lane Campbell EP 218
ratings:
Length:
18 minutes
Released:
Apr 2, 2016
Format:
Podcast episode
Description
Listen as Lane Campbell shares his insight on the importance of partnerships for rapid growth, the challenges of finding quality technical talent, and his plans for the future.
Famous 5Favorite Book? – The Hard Thing About Hard ThingsWhat CEO do you follow?— Mark ZuckerbergWhat is your favorite online tool?— SlackDo you get 8 hours of sleep?— NoIf you could let your 20 year old self know one thing, what would it be?—Leave college early.
Time Stamped Show Notes:01:06 – Nathan’s introduction 01:28 – Welcoming Lane to the show01:33 – The 5 companies Lane sold before he was 3002:20 – Lifetime value of exits was south of $10M02:45 – Lane’s current projects03:51 – His #1 focus right now is TBD04:44 – Lane’s #1 income stream is Create.ly05:39 -- $20-$40K is Lane’s consulting fee07:25 – Use partnerships and incentives to grow rapidly08:18 – Even if you’re a name brand you can still decline in revenue year of year09:05 – Create.ly did roughly $500K in 201509:52 – The challenge of attracting top technical talent11:26 – The cost of hiring an $80K salaried employee in the U.S. is $26K13:43 – www.LaneCambell.com
3 Key Points:Take advantage of partnerships and incentivize your offerings to grow quickly. Just because you’re a household name/brand doesn’t mean you’re infallible. Top technical talent is hard to find and harder to lock up—if you find it put a vice on it.
Resources Mentioned:Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.Host Gator - Powerful web hosting made easy and affordable.Create.Ly – Lane’s current income generator
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
Famous 5Favorite Book? – The Hard Thing About Hard ThingsWhat CEO do you follow?— Mark ZuckerbergWhat is your favorite online tool?— SlackDo you get 8 hours of sleep?— NoIf you could let your 20 year old self know one thing, what would it be?—Leave college early.
Time Stamped Show Notes:01:06 – Nathan’s introduction 01:28 – Welcoming Lane to the show01:33 – The 5 companies Lane sold before he was 3002:20 – Lifetime value of exits was south of $10M02:45 – Lane’s current projects03:51 – His #1 focus right now is TBD04:44 – Lane’s #1 income stream is Create.ly05:39 -- $20-$40K is Lane’s consulting fee07:25 – Use partnerships and incentives to grow rapidly08:18 – Even if you’re a name brand you can still decline in revenue year of year09:05 – Create.ly did roughly $500K in 201509:52 – The challenge of attracting top technical talent11:26 – The cost of hiring an $80K salaried employee in the U.S. is $26K13:43 – www.LaneCambell.com
3 Key Points:Take advantage of partnerships and incentivize your offerings to grow quickly. Just because you’re a household name/brand doesn’t mean you’re infallible. Top technical talent is hard to find and harder to lock up—if you find it put a vice on it.
Resources Mentioned:Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.Host Gator - Powerful web hosting made easy and affordable.Create.Ly – Lane’s current income generator
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
Released:
Apr 2, 2016
Format:
Podcast episode
Titles in the series (100)
EP 90: Quitting Corporate and Going all In With Her Own $50k with Sonya: Nathan Latka brings you top entrepreneurs daily inspired by Tim Ferriss, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, NPR, HBR, the StartUp podcast, Art of Charm, Dave Ramsey, Planet Money, APM Marketplace, Mixergy, Seth Godin, #AskGaryVe by SaaS Interviews with CEOs, Startups, Founders