All posts by Steve C

5 Habits Of Successful Entrepreneurs That I’ve Witnessed Personally

As someone who writes about entrepreneurship and teaches others how to sell physical products online, I make a habit of following as many entrepreneurs as I can. It doesn’t matter if you’re famous or just starting out, I’ll at least check out your website to see what you have to say. But even though I love reading posts about entrepreneurship, I’ve become increasingly jaded with the cliches that I’ve been seeing. “Learn to fail” “Learn from your mistakes” “Understand your weaknesses” “Hustle hard” “Fail fast and often” Don’t get me wrong. These articles all offer great advice but it is difficult...

150: How My Student Abby Makes 100K/Month Selling High Heel Insoles Online

150: How My Student Abby Makes 100K/Month Selling High Heel Insoles Online
http://traffic.libsyn.com/mywifequitherjob/MWQHJ150AbbyWalker.mp3Podcast: Download (Duration: 52:16 — 72.1MB) Abby Walker is a student in my Create A Profitable Online Store Course and I’m really happy to have her on the show today. Abby runs VivianLou.com where she sells insoles for high heels. What I love about Abby is that she never takes no for an answer and finds opportunities from out of nowhere. Some might call it luck, but I believe that everyone is in charge of their own fate. She’s doing awesome and she’s not even on Amazon yet! Enjoy the interview as there are a lot of details that Abby shares...

A Sneak Peek Inside Our New Warehouse And The Story How We Got Here

As part of running my blog and my podcast, I often get questions from readers who want to know more about the early years of our business and how it has evolved over time. How did we get started? How much inventory did we carry early on? Did we run it from our house in the beginning? What does it look like now? The answers to all of these questions are actually buried deep within my blog if you have the patience to sift through my first 50-ish entries. In fact every now and then, I go back and re-visit some of my early...

149: How To Make 6 Figures Selling Jewelry Online With Tracy Matthews

149: How To Make 6 Figures Selling Jewelry Online With Tracy Matthews
http://traffic.libsyn.com/mywifequitherjob/MWQHJ149TracyMatthews.mp3Podcast: Download (Duration: 57:53 — 66.5MB) Today, I’m thrilled to have Tracy Matthews on the show. Tracy is someone who I was introduced to by Andreea Ayers and she runs the popular site Flourish Thrive Academy where she teaches others how to sell jewelry online. Tracy has a ton of experience in this area and her jewelry line was sold in over 350 retail outlets all over the globe (ABC home, Sundance Catalog, Bloomingdales, Anthro) and she’s been featured in many magazines like Real Simple, InStyle And lucky magazine. Anyway, since Tracy specializes in jewelry sales I am very eager to pick...

6 Simple Strategies To Sell More To Existing Customers And Why You Must Look Beyond Amazon

Acquiring new customers and tapping into new markets are important strategies to grow your business. But it’s equally as important to focus on your existing customers that have purchased from you in the past. According to the Small Business Administration, it’s significantly cheaper to drum up additional business from previous customers than it is to find new ones. In fact, they state that it’s over 65% easier to convert a sale from someone you sold to in the past. I don’t know how they obtained this statistic, but it’s definitely consistent with what we’ve seen with our...

148: How We Grew Our Ecommerce Store By 22% In 2016 With Steve Chou

148: How We Grew Our Ecommerce Business By 22% In 2016 With Steve Chou
http://traffic.libsyn.com/mywifequitherjob/MWQHJ148Store2016.mp3Podcast: Download (Duration: 26:15 — 36.3MB) My wife just closed the books on BumblebeeLinens.com for 2016 and I’m happy to say that we had another year of double digit growth. In this episode, I go over in detail how we grew and what’s in store for 2017. What You’ll Learn Why it was a tough year for my shop Our revenue and profit numbers for the year The main contributors to growth for 2016 Why conversion optimization is so important Why you need to keep an open mind The importance of a mastermind group Other Resources And Books Sellers Summit BumblebeeLinens.com Sponsors Klaviyo.com – Klaviyo is the email marketing platform...

The Lazy Mans Guide To Starting A Successful Online Business

When you put yourself out there by writing blog posts about your business, interviewing popular guests on your podcast and throwing ecommerce conferences, there’s a tendency for people to put you on a pedestal. “Steve, you must work your ass off. Do you ever sleep?” “Steve, you are the most motivated person I know” “Steve, you are my favorite ecommerce guru” Well I hate to burst your bubble, but I’m actually none of these things. First off, I don’t consider myself a “self-motivated” person. If I didn’t have a loving wife and a family to support, I’m not 100% sure that...

147: How I Made Over One Million Dollars Blogging In 2016 With Steve Chou

147: How I Made Over One Million Dollars Blogging In 2016 With Steve Chou
http://traffic.libsyn.com/mywifequitherjob/MWQHJBlog2016.mp3Podcast: Download (Duration: 27:19 — 37.8MB) My wife just closed the books on MyWifeQuitHerJob.com for 2016 and I’m happy to say that I hit 2 major milestones this past year. In this episode, I go over in detail how I managed to make over a million dollars blogging and what’s in store for 2017. What You’ll Learn The 2 milestones I hit this year Why I decided to quit my job Why it was so hard for me to quit The income report for my blog How I hit the million dollar mark this year My Facebook ads strategy Should you start a blog or an online store Other...

5 Email Autoresponders Your Online Store Needs To Automate Sales

Those of you who have followed me since the beginning know that email makes up 90% of the revenues on my blog. In fact, email is the main reason that I was able to make over a million dollars blogging this past year. Here are a few talks and podcasts where I have discussed my strategies at length. How I Made Over $300K These Past 2 Years With An Email Autoresponder How I Tripled The Sales Of My Info Product By Tweaking My Email Autoresponder On The Smart Passive Income Podcast: Actionable Email Marketing Strategies and How to 3X Revenue Using Your Autoresponder...

146: How To Grow From A Company Of 1 To A Company of 1000 With Michael Gerber Of E-Myth

146: How To Grow From A Company Of 1 To A Company of 1000 With Michael Gerber Of E-Myth
http://traffic.libsyn.com/mywifequitherjob/MWQHJ146MichaelGerber.mp3Podcast: Download (Duration: 46:53 — 53.9MB) Today, I’ve got an extra special guest on the show. He’s an author who I’ve followed ever since I started my first business. He is an amazing speaker, author, and business consultant who has coached more entrepreneurs than anyone I can think of. His book the EMyth Revisited is considered required reading for anyone wanting to build a business of their own and changed my way of thinking about small business. He’s the founder of the dreaming room, a 3 month program that introduces you to a new way of thinking about entrepreneurship. Now if...

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...