All posts by Steve C

2016 Income Report: How Our Online Store Performed This Past Year

My wife just closed the books on our online store and I’m happy to say that we achieved double digit growth yet again. And the fact that we’ve maintained double or triple digit growth for the past 9 years continues to amaze me! As I mentioned in my mid year report, 2016 was all about improving my online store and I spent most of my free time on strategies to increase sales. The only problem is that I didn’t have as much free time as I would have liked. Even though I planned on quitting my job on June 1,...

145: How To Make 6 Figures With Network Marketing (MLM) With Rachel Holland

145: How To Make 6 Figures With Network Marketing (MLM) With Rachel Holland
http://traffic.libsyn.com/mywifequitherjob/MWQHJ145RacheHolland.mp3Podcast: Download (Duration: 52:13 — 60.0MB) Today I’m really happy to have Rachel Holland on the show. Rachel is someone who I was introduced to by a friend and she is killing it in the network marketing space. Rachel runs the popular site Surviving The Stores where she teaches others how to save money and live healthy on a budget. She and her husband Ryan run the site together and have turned it into a huge resource. Anyway up until this point, I have not had anyone doing network marketing before on the podcast and I’m very curious how it works....

Income Report: How I Made Over One Million Dollars Blogging In 2016

My wife just closed the books on MyWifeQuitHerJob.com for 2016 and I’m happy to say that I hit 2 major milestones this year. First off, I reached the magical 7 figure revenue mark for my blog. And second of all, I finally quit my day job as a hardware engineering director last June. Of the two milestones, quitting my job was especially difficult for me and I ended up announcing my resignation a bit prematurely when I wrote about it on the blog:) Here’s what ended up happening. Because I’d been with my company for 17 years,...

What Amazon Doesn’t Want You To Know About Running An Ecommerce Business

You’ve probably heard the popular saying that “if you teach a man to fish, you can feed him for a lifetime”. And if you apply that same saying to business, you get… If you rely on a single company for all of your sales, then that company owns you. Every time Amazon changes one of its policies, I always get a flood of emails from people who have had their businesses completely ruined. Just the other day I had a reader email me that he invested $200K in inventory for the holidays when Amazon suspended his product listing. Now he...

144: How To Make 6 Figures Teaching People About Rideshare Services With Harry Campbell

How To Make 6 Figures Teaching People About Rideshare Services With Harry Campbell Of TheRideShareGuy
http://traffic.libsyn.com/mywifequitherjob/MWQHJ144HarryCampbell.mp3Podcast: Download (Duration: 51:48 — 59.6MB) Today I’m thrilled to have Harry Campbell on the show. Harry is someone who I just met at the financial blogging conference in San Diego and we actually met playing basketball. A few conversations later and I knew that I wanted to have him on the podcast. Harry has an interesting story. He started his site TheRideShareGuy.com in 2014 when he was a full time aerospace engineer and part time Uber and Lyft driver. And seeing as how ride share services were starting to take off, he decided to create the ultimate ride sharing...

3 Ecommerce Conversion Killers I Discovered While Answering Calls On Cyber Monday

Sometimes you spend so much time trying to increase your traffic and grow your audience that you lose track of the most important element of your business, your customers. As many of you know from my last post on How Our Store Performed On Cyber Monday, we had so much traffic and sales that day that I had to personally man the phone lines. And to be frank, it was the first time that I’d run customer support in over 5 years. Back when my wife and I first started our online store, we always answered every call and phone...

143: How To Make 6 Figures As A Food Blogger With Bjork Ostrom Of PinchOfYum

143: How To Make 6 Figures As A Food Blogger With Bjork Ostrom Of PinchOfYum.com
http://traffic.libsyn.com/mywifequitherjob/MWQHJ143BjorkOstrom.mp3Podcast: Download (Duration: 53:45 — 61.8MB) I’m really happy to have my friend Bjork Ostrum on the podcast today. While Bjork and I have not met in person, we have mutual friends in Erin Chase and Jim Wang, both of whom I’ve had on the podcast in previous episodes. Bjork runs the very popular site Pinch Of Yum where he blogs about food. And when I say that his site is popular, I mean that it is crazy popular. Last month he had 2.7 million visitors to his site. He has 91,000 Facebook fans, over 227,000 Instagram followers and...

How We Did On Cyber Monday And A Holiday Gift Guide Of Student Shops

I hope everyone had an incredible Black Friday and Cyber Monday. For our online store, things got so busy on Cyber Monday that I was forced to man the phone lines. So I put on my “customer service agent” hat and headset and proceeded to talk to over 30+ people during the course of the day including one epic 40 minute conversation where I had to teach an 80 year old lady how to surf the web. **sigh** But it was all worth it in the end because we ended up with one of the largest sales days ever besides the...

142: How My Student Jen Makes 6 Figures Selling Shower Curtains Online

142: How My Student Jen Makes 6 Figures Selling Shower Curtains Online
http://traffic.libsyn.com/mywifequitherjob/MWQHJ142JenDePaoli.mp3Podcast: Download (Duration: 40:29 — 55.9MB) Jen DePaoli is a student in my Create A Profitable Online Store Course and I’m really happy to have her on the show today. Jen runs ShowerCurtainHQ.com where she sells shower curtains online. What I love about Jen is that she hustles, she’s constantly finding new ways to expand her business and she’s not afraid to try a variety of different business models. Just like the other student interviews that I’ve conducted, this podcast provides a very realistic, in the trenches account of someone who just started their online store. Enjoy the interview as...

The Best Way To Find Vendors And Suppliers For Your Online Store

The number one question that I receive from readers who want to open their own online store is how to go about finding vendors and suppliers. Do I purchase wholesale? Should I drop ship or should I contact the manufacturer directly? When my wife and I first started our online store, we faced these exact same questions. But having done a fair amount of research on each of the options above, I’d like to talk about our experiences and our take on each of these ways to stock merchandise for your online business. While our experiences...

141: How To Launch An 8 Figure Ecommerce Brand With Ryan Deiss Of Digital Marketer

141: How To Launch An 8 Figure Ecommerce Brand With Ryan Deiss Of Digital Marketer
http://traffic.libsyn.com/mywifequitherjob/MWQHJ141RyanDeiss.mp3Podcast: Download (Duration: 40:31 — 55.9MB) Today, I’m happy to have Ryan Deiss on the show. Now I’ve actually been following Ryan for quite some time. He is the founder and CEO of Digital Marketer and over the last 3 years, he’s invested over 15 million on marketing tests, generated tens of millions of visitors and sent over a billion emails. He is an expert when it comes to online marketing and brand building. He runs a major conference called Traffic and Conversions every year. And he recently started a new conference called Content And Commerce which I...

How To Approach A New Wholesale Vendor Or Supplier When You Have No Store, No Site And No Sales

Picture this scenario… You’ve put together a list of potential vendors that you want to work with either from a tradeshow or from a manufacturer’s distributor list. You’ve never purchased in bulk before. You don’t have a website or a domain and you are extremely apprehensive about contacting your vendors for the very first time. So what do you do? You stall… A voice inside your head tells you…Maybe I should put up a website first. Maybe I should start a corporation or an LLC. Maybe I need business cards:) But in reality, you should be...

140: How To Bootstrap A 7 Figure Webinar Software Company With Omar Zenhom Of Webinar Ninja

140: How To Bootstrap A 7 Figure Webinar Software Company With Omar Zenholm Of Webinar Ninja
http://traffic.libsyn.com/mywifequitherjob/MWQHJ140OmarWebinar.mp3Podcast: Download (Duration: 49:54 — 57.4MB) Today, I’m really happy to have Omar Zenhom back on the show. Now Omar is someone who I met at a private mastermind meeting led by John Corcoran and he was actually a guest on the show already back in episode 88 when we talked about his award winning podcast, the $100 MBA. But along with his podcast, he’s been working on another project, Webinar Ninja, which is a software company that he founded last year which is already doing 7 figures. What’s also cool is that this project was self funded. If you follow...

5 Painstaking Lessons Learned From Managing Inventory and Cash Flow The Wrong Way

Recently, my wife and I moved our ecommerce store into a brand new facility and it was one of the most stressful experiences that we’ve gone through in awhile. Now moving is always a pain. But just imagine running a business and trying to fulfill orders while thousands of pounds of inventory are in complete disarray with linens littered all over the office. On top of that, imagine that you have 4 employees who you must manage efficiently in this environment to move product out the door. Now my wife and I didn’t really want to move, but a...

139: How To Make 7 Figures Selling T-Shirts Online With Kevin Stecko

139: How To Make 7 Figures Selling T Shirts Online With Kevin Stecko
http://traffic.libsyn.com/mywifequitherjob/MWQHJ139KevinStecko.mp3Podcast: Download (Duration: 47:50 — 55.0MB) Kevin Stecko is someone who I met at an ecommerce mastermind retreat earlier in the year. And as luck would have it, I got stuck on a ski lift with the guy and we were forced to chat. Anyway, Kevin runs an awesome site called 80stees.com where he sells tshirts from the 80s. I was on the site the other day and it brought back memories of youth. In fact, I used to watch Robotech when I was a kid and I was pleasantly surprised to find Robotech t-shirts! How cool is that? ...

How I Was A Neurotic Mess When Our Business First Launched

One of the reasons I love documenting my online business ventures is that I have the ability to go back in time and re-live some of my experiences as an entrepreneur. And this came in handy the other day when a reader asked me the following question. Steve, it seems like you always know what you are doing. Do you ever get impatient with the progress of your business? Do you ever compare yourself to other entrepreneurs and get frustrated with yourself? Now my first reaction was to respond with something trite like “Don’t give up. It’s completely normal to...

138: How To Make 6 Figures And 30K Email Subs From A Virtual Summit With Navid Moazzez

How To Make 6 Figures And 30K Email Subs From A Virtual Summit With Navid Moazzez
http://traffic.libsyn.com/mywifequitherjob/MWQHJ138NavidMoazzez.mp3Podcast: Download (Duration: 51:44 — 59.5MB) Today I’m thrilled to have Navid Moazzez on the show. Navid is someone who randomly reached out to me to take part in one of his virtual summits. And because we have a ton of mutual friends like Natalie Sisson, Grant Baldwin, Jd Roth among others, we started chatting. That’s when I was introduced to the amazing world of virtual summits. Navid is a virtual summit expert and he makes a living putting on online conferences. If you’ve been following me online, you probably know that I had my first live event in May...

137: How To Get Free Traffic And Sales To An Ecommerce Store With Neil Patel

137: How To Get Free Traffic And Sales To An Ecommerce Store With Neil Patel
http://traffic.libsyn.com/mywifequitherjob/MWQHJ137NeilPatel.mp3Podcast: Download (Duration: 49:33 — 57.0MB) Today, I’m excited to have the Neil Patel on the show. I’ve actually been following Neil for quite some time. In fact, I remember when I first discovered him back in 2008, I dropped him a comment on his main blog which was QuickSprout at the time. In fact, just for fun I actually went back through my archives to check. I emailed him on September 19, 2008 about his post on 10 timeless business tips. And he replied in like 10 seconds, checked out my blog and actually gave me some...

How Long Does It Take To Make Real Profits Or Good Money With An Online Business?

I receive many questions via email every single day but my #1 most asked question is… How long do you think it will take for me to make money with my business? Here’s another common permutation of this same question… I need to be able to make money in 6 months, can it be done? And finally my favorite… Can I expect to make 100K in the first year with my online store like you did? One year ought to be enough runway right? So here’s the truth. Brand new entrepreneurs are horrible at predicting how far they can get with their businesses in...

136: How To Sell An Online Business And Why Spencer Haws Sold Long Tail Pro

136: How To Sell An Online Business And Why Spencer Haws Sold Long Tail Pro
http://traffic.libsyn.com/mywifequitherjob/MWQHJ136SpencerSale.mp3Podcast: Download (Duration: 46:15 — 53.2MB) Today I’m thrilled to have Spencer Haws back on the show. If you don’t remember him from Episode 54, Spencer runs the popular blog NichePursuits.com where he teaches others how to start niche online businesses. He was one of the speakers at the Sellers Summit talking about SEO. He’s also the creator of Long Tail Pro which is one of the best keyword research tools on the market today. But recently, he decided to sell that business and being the nosy guy that I am, I wanted all the details. Enjoy the show! What...