All posts by Steve C

Should You Sell On Amazon And Will It Cannibalize Your Online Store Sales?

My wife and I started our online store back in 2007 and ever since our first year when we made 100K, we’ve been growing in the double and triple digits. But here’s the thing. With every passing year, we are finding it more and more difficult to maintain our double digit growth. Don’t get me wrong. Our store makes plenty of money and I’m really happy with where we are at. But there’s always a part of me that wants to grow it even more. In addition, I often feel pressure to show positive...

MWQHJ 048: How To Buy An Existing Online Store And Double Revenues In Just 1 Year With Bill D’Allesandro

Bill D'Allesandro
Podcast: Download (Duration: 46:06 — 42.5MB) Why start an ecommerce store from scratch when you can buy an existing site and double its revenues? Today, Bill D’Allesandro shows us the exact process he goes through to buy an online business and how he finds stagnant businesses to buy that he can improve upon within a short time frame. Bill D’Allesandro owns a portfolio of ecommerce stores which you can check out at ElementsBrands.com. In this interview, Bill and I will be referring to his recent acquisition NurtureMyBody.com. Enjoy! What You’ll Learn Why you should consider buying a business as opposed...

MWQHJ 047: What It’s Like To Be On Shark Tank With Eric Bandholz

Eric Banzholz Shark Tank
Podcast: Download (Duration: 41:30 — 57.3MB) I’m really happy to have Eric Bandholz back on the show. In the last episode when we talked about BeardBrand.com, Eric’s Shark Tank episode had not yet aired so we couldn’t talk about it. But now that everything is out there, Eric can now finally share his experiences to the public. Since Eric went on Shark Tank, his business has grown dramatically. Here are some of his stats His store went from about $4500/day to about $12k/day in revenues His store got 20k visitors on Friday and Saturday of the show (40k total) The most concurrent...

How To Dig A Moat For Your Online Store And Keep Your Competitors Away

Once every month, I meet with a small ecommerce mastermind group and discuss various strategies to improve our businesses. If you are not participating in a mastermind group of some kind, I highly recommend that you join one or form your own. No matter how good or how smart you are, there is always something that you are not doing or thinking about. And for me, I learn something new after every session. In fact, this particular post was inspired from my last meeting. Today I want to talk to you about my fears...

Cheapest Way To Start An Online Business | Take Advantage Of These Killer Deals

While it’s always a good time to start an online business, the least expensive time to do so is on Black Friday and Cyber Monday when there are great deals to be found. Many tools and services like webhosting, niche research software, vendor tools etc… are being discounted extremely heavily to the point where it’s a no brainer to sign up. For example, you can literally start an online business for under 3 bucks which is pretty insane. So realistically speaking…Do you have 3 bucks to spare on something that could potentially change your life? There really is no excuse...

MWQHJ 046: How Eric Bandholz Started A 7 Figure Beard Care Business In Just 1 Year

Eric Bandholz
Podcast: Download (Duration: 45:03 — 41.5MB) I’m thrilled to have Eric Bandholz on the show today. Eric runs the successful beard care company BeardBrand.com, which has grown into a 7 figure business in just 12 months. In today’s interview, you will learn how Eric grew his business quickly by focusing on branding and exposure via word of mouth. He’s got a great backstory and knows a ton about how to establish a brand and how to run a successful skin care business. Oh and did I tell you that I tried his beard care products too? Check out what happened...

10 Tips On Importing Wholesale Products From China Using Alibaba Or GlobalSources

This post was written by Josh Nacol, a student in my Create A Profitable Online Store Course. Recently Josh started importing goods from Asia for the very first time and wanted to share his experiences with my readers. Now in my class, I have an entire module dedicated specifically towards helping students import goods from overseas. However, it’s one thing to learn and another thing to actually go out and do it. And Josh’s experiences just go to show that the best way to learn is to be aware of the guidelines, know what to expect and just...

MWQHJ 045: Corbett Barr On How To Create A Profitable Subscription Based Membership Site

Corbett Barr
Podcast: Download (Duration: 51:40 — 47.6MB) I’ve known Corbett Barr for quite a while now and I’m continually impressed by the quality of content that he puts out. What’s interesting about Corbett is that he started out living the silicon valley startup scene by launching a VC funded company only to later realize that he wanted to leverage entrepreneurship to improve his lifestyle. Today he runs Fizzle.co which is an incredibly awesome online business school program that you should all check out. And the nature of his business allows him to spend half of the year relaxing and working remotely...

My Guide To The Canton Fair And China’s Largest Wholesale Product Sourcing Trade Show

It’s been a while since my wife and I attended our last Canton Fair. Ever since our second child was born and our daughter started elementary school, it hasn’t been convenient to travel anywhere far let alone a completely different country. But this year, we were determined to go so I flew out my Mom and she watched our two kids for an entire week by herself while Jen and I made the trek to China. And the best part? When we got home, I was pleasantly surprised that my Mom taught the kiddos their...

MWQHJ 044: Drew Sanocki On What It Takes To Start A Successful Ecommerce Store Today

Drew Sanocki
Podcast: Download (Duration: 47:45 — 44.0MB) Drew Sanocki randomly reached out to me one day and I’m glad that he did. Drew is a seasoned veteran when it comes to ecommerce. He started and sold a successful dropship furniture company DesignPublic.com. And today, he blogs at DrewSanocki.com and offers ecommerce consulting at Mineral.io. What’s also cool about Drew is that we have a bunch of common friends that went to Stanford together. Enjoy the interview! What You’ll Learn How to find a profitable niche for your online store How to validate your niche before investing a large amount of money How...

MWQHJ 043: Eric Siu On How To Run Profitable You Tube And Facebook Ads For Your Business

Eric Siu
Podcast: Download (Duration: 45:26 — 41.9MB) Eric Siu is a pay per click marketing expert and the CEO of SingleGrain.com, a successful digital marketing agency. Eric first caught my eye when I read his incredible post on YouTube advertising In fact, YouTube advertising is one of the only mediums that I haven’t yet tried so I’m eager to have Eric on the show to talk about what’s working and what’s not in the world of advertising. Enjoy the show! What You’ll Learn How to launch an effective Facebook campaign How to launch a high converting YouTube campaign How much money you should be willing...

Why Artists Fail In Business And How To Go From Artist To Entrepreneur

This post was written by Arree Chung, one of the students in my Create A Profitable Online Store Course. What’s cool about Arree is that he’s a professional artist who writes and illustrates his own children’s books. Plus he’s Asian too. (I have absolutely no idea how he convinced his parents to go along with this:)) Anyway, Arree and a group of his friends launched LiveInAStory.com, a site that sells high quality children’s wall decals designed by artists. He’s got a great story and offers incredibly actionable advice for struggling artists. Enjoy! Everyone knows the cliché of the...

MWQHJ 042: How Jordan Guiterrez Started A Million Dollar Medical Equipment Business At Age 17

Jordan Gutierrez
Podcast: Download (Duration: 56:00 — 51.6MB) When I was 17 years old, I was more worried about getting good grades and meeting girls than starting a business. But Jordan started Laleo.com at the young age of 17 and turned it into a 7 figure business. What’s even more impressive is that Jordan is now the COO of Wishpond.com which is a very successful Internet marketing company that competes directly with businesses like LeadPages. He’s a really sharp guy and there’s lots to be learned from both his attitude and his experiences. Enjoy! What You’ll Learn How Jordan guided customers from EBay back to...

How Small Actions Lead To Big Gains And Why I’m Proud Of These Student Shops

If you’ve ever read a blog or publication on entrepreneurship, you’ve no doubt heard the following sayings to describe starting a business. Starting a business is like… Taking the plunge. Taking a giant leap of faith Taking a chance on an idea. Now I full on admit that I’ve been guilty of using these phrases in the past. But over the last few years, I’ve come to realize that perhaps “taking the plunge” is the wrong way to think about starting a business. First off, taking the plunge sounds way riskier that it really is. It comes across as scary,...

How One Innocent Line Of Javascript Code Can Put Your Entire Website At Risk

Over the past several years of running my online store course, I’ve noticed some very disturbing trends with a fair number of students in my class. First off, I want to preface this post by saying that most of the students in my course do not have a programming background nor do they join my class with a solid grasp of how web technologies work. As a result, whenever they need or want a certain feature for their shopping cart that hasn’t been covered in the class, they do what any normal person would do… They do a search on Google, look for...

MWQHJ 041: How To Make Money With Every Online Business Model Out There With Pat Flynn

Pat Flynn
Podcast: Download (Duration: 59:53 — 55.1MB) I’ve known Pat Flynn for 4 years now and he continues to impress me everyday. He’s one of those guys who always has an open mind and is constantly trying out new business models to see if they work. That is why I’m thrilled to have him on the show today to talk about all of his successful online business “experiments”. In just under an hour, we’ll cover almost everything from starting a niche site to affiliate marketing to writing software etc… You name it and we’ll pretty much cover it in this interview....

MWQHJ 040: How Keith Walker Disrupted The Movie Theater Industry With an iPad And Raspberry Pi

Keith Walker Matt Sconce
Podcast: Download (Duration: 55:38 — 51.2MB) As a big movie buff, I’ve always wondered how the movie industry works and how movie theaters manage stay in business. As it turns out, movie theaters have been on the decline for the past several years thanks to DVDs and services like Netflix. That is why Keith Walker and his partner Matt Sconce decided to completely disrupt the entire industry with their site MovieHeroes.com. Their technology allows movie theaters to instantly adopt an all you can eat Netflix type of business model to maximize profit. And their results have been staggering. The theaters...

How To Validate Your Business Idea So You Don’t Lose $82,000 Like Noah Kagan

This post was written by Noah Kagan, Chief Sumo at SumoMe.com, the free tool to grow your website traffic. Noah and I first met when I interviewed him for my podcast and he really knows his stuff when it comes to marketing and sales. In this post, he tells his story about a huge mistake he made that caused him to lose $82000 and how he approaches new business ventures today. At one point in time I was the largest Facebook game developer with nearly 5 million players. This was awesome and I was generating $40,000 a month. I moved...

MWQHJ 039: How To Run A 6 Figure Mommy Blog While Homeschooling 7 Kids With Toni Anderson

Toni Anderson
Podcast: Download (Duration: 53:07 — 48.9MB) Today I’m thrilled to have Toni Anderson on the show. Toni and I met at the World Domination Summit last year and she’s one of my favorite mommy bloggers of all time. I always love talking to Toni because every time I talk to her, I realize how much of a cake walk my life really is. Toni runs the ridiculously popular blog, TheHappyHousewife.com, where she blogs about how to better manage your household. And here’s the kicker. The woman has 7 kids and she homeschools all of them. In...

The Most Comprehensive Podcast Tutorial Ever – How To Start A Podcast In Under 2 Hours

When I first decided to start my own podcast, the benefits were already clear in my head. I already knew that having a podcast would expose me to an entirely new audience I already knew what I wanted to say and how I was going to run it I already knew that that I wanted to get started as quickly as possible But here was the problem. I had no idea about the mechanics of how to start a podcast. I had no idea how to postprocess audio in order to make it sound great. I had no idea what equipment to buy. In addition,...