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...

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...

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...

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...

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...

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,...

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...
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