Ecomm Breakthrough

Exploiting The 80/20 Rule For Outsized Returns: Strategy Audit With Norm Lanier


Listen Later

Norm Lanier is the CEO of a six-figure, family-owned, Texas-based sign company, creating interior graphic art. Norm earned his BS in photography and began a career in graphic design, working for companies such as Exxon, Compaq, and Hewlett-Packard. On his 50th birthday, he celebrated by exiting the corporate world to fulfill his dream of owning a business and designing art to share with the public.

In this episode…

The thought of starting a passion business is scary. It’s easy to be complacent working for someone else because of job security and a steady paycheck. With the onset of online startups and mom-and-pop shops, there is plenty of competition for e-commerce entrepreneurs. However, if your passion drives you, you’ll continuously push through the difficult stages of being a business owner. 

Norm Lanier is an artist by trade, and his talents earned him jobs at prominent companies. When he felt the time was right, he retired to put his passion to work for himself. Though he’s enjoyed success as a brand owner, he’s also endured obstacles that have hindered the business’ growth. Novice e-commerce entrepreneurs experience many pain points, but there are focus areas to help cut down on expenses: Identify levers that impact the business, simplify the business by implementing the 80/20 rule, and invest in PPC.

In this episode of the eComm Breakthrough Podcast, Josh Hadley welcomes Norm Lanier, Strategy Audit Session Winner and CEO of an Amazon private label, to discuss growing a small business and planning for a business exit. Norm shares key takeaways and insights that he’s learned as an e-commerce entrepreneur, including prioritizing key areas of the business, manufacturing and chain supply, and brand diversification.

Resources mentioned in this episode:
  • Josh Hadley on LinkedIn
  • eComm Breakthrough Consulting
  • eComm Breakthrough Podcast
  • Email Josh: [email protected]
  • Hadley Designs
  • Hadley Designs on Amazon
  • Norm Lanier on LinkedIn

Special Mention(s):

  • Kevin King
  • Roland Frasier on LinkedIn
  • Michael E. Gerber on LinkedIn
  • The E-Myth Revisited by Michael E. Gerber

Related Episode(s):

  • “Kevin King’s Wicked-Smart Tips for Building an Audience of Raving Fans”
  • “Seven Acquisition Strategies to Scale to Eight Figures and Beyond”
...more
View all episodesView all episodes
Download on the App Store

Ecomm BreakthroughBy Josh Hadley

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

80 ratings


More shows like Ecomm Breakthrough

View all
Social Media Marketing Podcast by Michael Stelzner, Social Media Examiner

Social Media Marketing Podcast

1,438 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,586 Listeners

Capitalism.com with Ryan Daniel Moran by Capitalism.com

Capitalism.com with Ryan Daniel Moran

730 Listeners

AM/PM Podcast by Kevin King

AM/PM Podcast

211 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

569 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,409 Listeners

My First Million by Hubspot Media

My First Million

2,647 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

203 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

354 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

917 Listeners

OPERATORS by OPERATORS

OPERATORS

46 Listeners

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs by Chris Koerner

The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs

221 Listeners

BigDeal by Codie Sanchez

BigDeal

787 Listeners

AI Explored by Michael Stelzner, Social Media Examiner—AI marketing

AI Explored

84 Listeners

The Marketing Misfits by The Marketing Misfits

The Marketing Misfits

6 Listeners