While it’s always a good time to start an online business, the least expensive time to do so is 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 5 bucks which is pretty insane.
So realistically speaking…Do you have 5 bucks to spare on something that could potentially change your life? There really is no excuse not to give it a try. The only thing you have to do is to take action.
Find Your Niche
Before you decide to pull the trigger on a business, you first have to figure out what you are going to sell. I’ve written about this topic quite extensively in the past, but a tool that …
Recently my buddy Andrew Youderian announced that he’s selling his successful dropshipped online store, TrollingMotors.net. Now normally someone selling their website isn’t a big deal. But what is really unique about Andrew’s sale is that he’s selling it all by himself without a broker via a dutch auction on his blog.
Therefore all of his financials, his costs, his revenues, his profits, you name it…everything is completely out there in the open for everyone to see. Here’s a link to his post if you want to check it out.
Anyways, it’s extremely rare to find an online store owner who is willing to share every last detail about his online store publicly without an NDA, so I wanted to take this opportunity to make some comparisons between Andrew’s store and my own online store.
Specifically, I’m going to compare my experiences running an ecommerce store that carries inventory imported from overseas …
Several weekends ago, I decided that I was finally going to teach my daughter how to ride her bike all by herself without any training wheels on. And I was super excited about it.
Ever since I became a new Dad, I had dreamed about this fairy tale moment where I would teach my daughter how to ride her bike for the very first time…And it was going to be magical.
I would hold her seat and handle bars, give her a gentle push and then watch her glide off into the sunset as she learned to balance herself on two wheels.
And at the end of her lesson, she would be so thankful for having her awesome father teach her how to ride her bike that she would continuously give me hugs and kisses all the way home.
Yep, I must have been smoking crack that day because that is not how …
This is a post written by Brandon, a student in my Create A Profitable Online Store Course. What’s funny about Brandon is that he signed up for my class, quietly watched all the videos and then launched an online store selling washer toss games that was profitable right off the bat.
From the point when he signed up for my class, we exchanged like 3 emails. And the only time we actually spoke to each other was when he asked for my opinion on his niche prior to pulling the trigger. After performing the due diligence on his product idea, I told him it was all good and off he went!
Anyways, I’m still continually amazed by how diverse the students in the class are. Some people just run with the videos and zoom ahead while others require a little more hand holding. Nevertheless, here’s Brandon’s online …
6 pack abs. It’s something that most guys want but will rarely achieve in their lifetime. For me, I’ve wanted a 6 pack since I was in high school but was never able to quite get over the hump.
Even when I was playing junior olympic volleyball and in the best shape of my life, I was still sporting a “keg” with almost zero definition. No matter how hard I trained and no matter how much I exercised I could not for the life of me lose my stomach fat.
But ever since other bloggers like Jeff Rose, David Siteman Garland and Ramit Sethi started getting in mad shape, I decided it was finally time to buckle down, suck it up and cross this goal off of my bucket list no matter what the cost. That’s right, I was one determined Chinese boy who wasn’t going to take …
I just back from my second financial blogging conference(FinCon13) and it was a blast! Unlike last year when I attended as a spectator, this year I decided to bite the bullet and give my own talk. (Special thanks to Phil Taylor for giving me the opportunity to speak).
FinCon13 was my very first speaking gig and despite some early jitters, I went through my presentation without a hitch.
My greatest fear was that I’d be speaking to an empty room but thankfully my speech was well received and the room was packed.
Anyways, once the recordings become available, I will post my talk on “How I Made Over 300K With An Email Autoresponder” up on YouTube. Overall, I enjoyed every single session that I attended. And thanks to Laura Adams, I will now be starting a podcast for MyWifeQuitHerJob.com so stay tuned.
Making New Friends
While the breakout sessions were extremely …
As human beings living our hectic lifestyles, we are all “busy”. I get it. We all have activities and deadlines that need to be met. We all have stuff that needs to be taken care of. But there are some people who I come across that seem to be “busy” all the time.
For example, how many times have you heard the following phrases?
I’m so busy all the time that I’m just barely keeping my head above water
I’m so busy all the time because I’m getting buried with work
I’m so busy all the time because I’m constantly putting out fires and not at my desk
Now I’m not trying to detract from anyone’s workload but when I hear these phrases constantly uttered from the same people over and over again, I often marvel at how these people are able to stay sane.
For example, I have this one acquaintance …
The ecommerce platform that you choose for your online store is an important decision you need to make early on. If you choose a platform that is too simplistic, it will hurt you later on down the line as your store grows and requires more features.
If you choose a setup that is too complicated or requires more technical knowledge than you possess, you risk delaying the launch of your shop and losing momentum.
As part of my free 6 day mini course on how to start a niche online store, I recommend 2 different platforms depending on your level of technical competence.
If your primary goal is to get up and running as quickly as possible, then you should go with a fully hosted platform like Shopify.
If you want full control over your website and access to the source code, then go with an open source shopping cart like Open Cart