Archive for August, 2011

How Sunil Started and Sold His ECommerce Business for $250,000

This is a guest post from Sunil. Sunil owns over a dozen profitable niche websites and is the author of “How to Go from $0 to $1,000 a month in Passive and Residual Income in Under 180 Days All in Your Spare Time”, a FREE report you can download instantly from his Extra Money Blog, where he discusses how to create multiple streams of passive and residual income, entrepreneurship, internet marketing, blogging and personal finance.

In 2007, he sold his ecommerce website for $250,000 to a top Ebay Power Seller and since then has sold several niche sites for five figures each. You can read more about him and his work on his blog.

I first heard of Steve and his wife’s project through a webinar link that was relayed to me by a fellow blogger. I was immediately interested because this is a road that I have been on before. …

How To Be Good At Everything You Try | A Lesson Learned From My Baby Girl

Published by under Entrepreneurship,Our Story

It has been almost eight months since my wife and I signed up my little daughter for her first swimming lesson. And even though I’ve witnessed her triumphs and her struggles every step of the way, I’m still shocked and amazed that my baby girl is now practically swimming on her own. After all, she’s only 3 years old and it’s crazy how far she has come in just a short period of time.

If you saw her in a swimming pool today, you would think that she always loved the water and that swimming came naturally to her, but it was actually the complete opposite.

I still remember the first time I stepped into the swimming pool with her when she was scared to death and shivering with fright. Every splash of water that touched her caused her to scream as if acid was burning her skin. …

How To Install An Open Source Shopping Cart And Start Your Online Store In Under 5 Minutes

Ever since I posted my article on Why Etsy Stores Are At A Disadvantage Compared To Online Stores That Own Their Domain, I’ve been meaning to show everyone how easy it is to install a free open source shopping cart.

These days, there are many open source shopping carts out there that are completely free and very feature rich.

You simply have to sign up for a web host, download and install the free shopping cart and you are almost ready to go.

So today, I thought that I’d give a mini tutorial on how to install Open Cart which is one of the open source shopping carts I recommend in my free 6 day mini course on how to create a niche online store.

Open Cart is an incredible shopping cart that is easy to use and has an elegant back end interface with which to manage your orders and products. Did …

Why Ranking High In Organic Search Doesn’t Cut It Anymore When It Comes To Online Stores

When I first started my online store, I had a master search engine optimization plan that I believed was fundamentally sound. The plan was to buy my search engine traffic using Google Adwords for my main keyword terms while simultaneously improving my organic search rankings through link building.

Then, once I managed to organically rank on the front page of search, I would gradually cut back on my Adwords spend and eventually rely solely on organic search to bring customers in the door. Not a bad strategy right?

While my plan sounded great on paper, when I looked at my Google Analytics statistics coupled with my search results, I knew this strategy wasn’t going to cut it if I wanted to maximize the profits of my online store. Please allow me to explain.

The photo below is a search for a keyword term that my store currently ranks …

Why Etsy Stores Are At A Disadvantage Compared To Online Stores That Own Their Domain

As part of my weekly regimen, I like to read and participate in various small business forums and one of my favorites is the Etsy forum. For all of you who have never heard of Etsy, Etsy is a marketplace for do it yourself and handmade goods. Similar to Ebay, Etsy provides an easy way for talented crafters and artists to sell the fruits of their labor.

The reason I like reading the Etsy forums is because most if not all Etsy users are casual shopowners who have a strong desire to make some extra money on the side.

Many Etsy users would eventually like to quit their day jobs. Many Etsy users have the desire to launch their own full blown online stores but are afraid of the technical and marketing challenges in doing so.

Anyways, I was reading the forums the other day and noticed more complaints …

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