In the past several years, well over 500 students have joined my Create A Profitable Online Store course. But I have to be straight up honest with you. Not every one who has signed up has succeeded with their online store.
When it comes to the success of any online business, the biggest variable in the equation is always YOU. Do you have the necessary motivation and drive to succeed? Do you have the persistence to push through the initial learning curve? Do you have an open mind for learning?
After teaching my class for several years now, I’ve found that the most important aspect of running an online business is execution and persistence. Can you carry out what needs to be done? And do you balk at the first sign of adversity?
Today, I want to talk about some of the patterns …
This post was written by Tracey, one of the students in my Create A Profitable Online Store Course. Tracey is my only student in Ecuador and she’s done a fantastic job of selling products that are indigenous to her country.
Because what she sells can only be found in Ecuador, this means that it’s extremely hard to copy her idea and she sells unique products that can not be found anywhere else on the Internet. What I also admire about Tracey is that she came into the class with very little technical knowledge.
But with a little hard work and perseverance, she managed to put together a pretty darn good looking online store selling handmade beaded jewelry. Here’s her story and her shop at ArtisansInTheAndes.com!
I have always dreamed of having my own business. Last year when I made a move from Canada to Ecuador, I found the ideal time …
This post was written by my good buddy Jim Wang, who sold his blog Bargaineering.com for over 3 million dollars. Yes you read that correctly…3 million bucks.
And remember how I’ve mentioned in the past that it’s important to attend conferences? Well Jim and I met in the elevator during the 2012 financial blogging conference and we’ve kept in touch ever since.
(Incidentally, tickets for the next Fincon just went on sale. Click here to get your ticket and let’s meet up in person!)
Here’s how our first meeting went down.
Random Girl Standing Behind Me In The Elevator: (Whispering) Oh…my…gawd…That’s Jim Wang.
Me: Who the hell is Jim Wang?
Random Girl: Heeelllllo?? Jim Wang…the man behind Bargaineering.com???
Me: Ah….ok. My bad. Looks like a regular Asian dude to me. Why is he wearing sweatpants to the mixer?
Random Girl: TCH…whatever (turns away)
Me: Hey Jim. My name is Steve. Long …
It’s human nature. Whenever you want to learn a new skill or achieve an important goal in your life, your first instinct is to look for the easiest way out and the quickest way to get there.
Unfortunately, this mentality is embedded in our DNA and I’m not immune to it either. Sometimes I still find myself looking for the “get rich quick” solution even though I’m fully aware that change requires hard work and dedication.
For example when I was going for six pack abs, I spent a lot of time researching magical “muscle shakes” and “secret exercises” designed to burn fat.
When I first launched this blog, I thought that I could leverage social media, sign up for a few ad networks, slap some ads in the sidebar and instantly make passive income.
With our store, I thought that paying for a “directory submission service” would instantly bring traffic to …
12 seconds….That’s all it took… 12 minuscule seconds of being on television and the traffic and order volume for our online store completely blew up!
This past week, our online store Bumblebee Linens was featured on NBC’s Today Show and it was quite possibly the most exhilarating 12 seconds that I’ve ever experienced as long as we’ve been running our business.
The Today Show Clip
At first my wife and I weren’t sure exactly how many visitors we were going to get from being on television. In fact, I was quite skeptical that being on tv was going to generate any significant traffic at all. After all, a viewer not only has to remember your store name but they also have to physically go to a computer and place an order.
What I didn’t realize is that many things have changed in the past decade in terms of technology. …
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 …
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 …
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 …
This is a post written by Sandy, a student in my Create A Profitable Online Store Course. Sandy signed up for my class without knowing anything about website design or how to run an online business.
But despite her lack of experience, she managed to find her niche, source her products, create her website and launch www.GetUnrobed.com in a relatively short amount of time.
After getting to know Sandy this past year, she has become one of my favorite students. Why? It’s because she has a great attitude and she’s always willing to improve herself and try new things.
As I’ve mentioned in previous posts, an entrepreneur’s attitude is the most important aspect of starting any business. So it’s no wonder that her shop has been doing very well. In fact, she was nice enough to reveal some of her sales numbers at the end of her post.
Today, I wanted to talk about an interesting conversation that I had the other day with my good friend Rebecca (not her real name) about income stability. This past year, she was laid off from her job at a private consulting firm.
And it happened so suddenly that she didn’t really see it coming and was left completely unprepared. She didn’t have a backup plan. She didn’t have another job lined up.
And while she had a reasonable amount of savings in her bank account, her lifestyle was calibrated towards a high paying professional salary.
Because she was reluctant to cut back on her expenditures, her first instinct was to look for another job at a different firm but the economy was bad so there were very few jobs available.
Months went by and she still couldn’t find any employment and she eventually got to the point where she even considered …
Being in business for yourself opens up a world of opportunities.
You can seize the opportunity to build something that can sustain itself (and you) for a lifetime and even beyond. You can change your life and achieve things that you never thought possible.
But if we take a more pessimistic viewpoint for a moment, being in business for yourself can also be a grueling and largely fruitless endeavor.
Even if you do manage to establish yourself to a point where you can pay the bills, you may find growth beyond that point extremely challenging. And who wants to run a stagnant business in the long term?
With that in mind, in this post I want to focus on what you can do to instigate a new period of growth with an established business. The approach is simple, logical and extremely effective.
The Biggest Mistake Many Entrepreneurs Make
But before I get onto that, I want …
I love teaching my course on how to create a profitable online store because I get to interact with a diverse set of students with varying skill levels and personalities.
Some students pick things up right away and make lightning fast progress. Other students struggle big time and have to inch and claw their way towards forward progress.
Everyone has their own strengths and weaknesses. And after teaching my class for the past several years, I’ve concluded that a student’s chances for success have more to do with their attitude and productivity habits than with their overall skill level.
For example, I’ve had students in the class who have struggled to launch their shops despite being proficient web designers. But on the flip side, I’ve had students with limited computer skills successfully launch their shops within a month or so after signing up.
Here’s the thing. There’s a certain attitude …
I’ve been running my online store course for several years now and it still amazes me how much I’m learning about human psychology while teaching the class.
Because the students who sign up for my course are an eclectic bunch, I’ve found that I often have to adjust my teaching approach depending on the personality of the student.
And after witnessing hundreds of students go through the videos and answering thousands of emails, I’ve started to notice a few patterns between those who make rapid progress and those who get stuck often.
As with any self paced class, a person’s chances of success are heavily dependent on how well they can learn and apply the material and how well they can focus on the important tasks at hand.
While I would love to boast a 100% success rate for my course, I’ve found that many new entrepreneurs often start off on the wrong foot …
If you’ve been a reader of MyWifeQuitHerJob.com since the early days, you probably remember that I used to refer to myself as a lazy piece of c$%^.
Now depending on the person, laziness can have different definitions.
To some people, being lazy is sitting around and watching television all day.
To some people, being lazy is staying in bed and not getting up until the afternoon.
To some people, being lazy is wanting to make a change and not doing anything about it.
But to me, laziness is participating in activities that have absolutely zero long term value.
As part of running this blog, complete strangers often ask for me for life changing advice. And I always say…If you want to make positive changes to your life, you have to avoid being lazy. If you are unsatisfied with the status quo, think about how you spend your time, because where you spend it will …
This post was written by Tom Ewer, a regular contributor for MyWifeQuitHerJob.com!
If you’re into online business then you’ve almost certainly heard of The Four Hour Work-Week — an enormously popular book about “lifestyle design” written by Tim Ferriss.
I first read the book around two years ago, not long after I had started my journey to quitting my job and building a successful online business. I recently re-read it while on vacation and found it to be time very well spent — the principles it teaches certainly bear reexamination.
In this post I want to focus on two of the most important principles covered in the book, which can be encapsulated in just two words. As I type I can see these two words, scrawled in black marker pen and pinned up on the wall in front of me.
They are the two words that I plan to live by over the coming …
This post was written by Tom Ewer, a regular contributor for MyWifeQuitHerJob.com!
If you’re a regular reader of my blog then you’ll know I spend as much time talking about my failures as I do my successes. Why? Because I often learn more from failure than I do from success.
With that in mind, today I want to share with you a story of one such failure. There is however a twist — I plan for this failure to ultimately lead to success. I plan to learn from my mistakes and apply the lessons I have learned practically.
The story is of an authority site I launched several months ago — an authority site that to this day has not made me a single penny. I’ll explain where I’ve gone wrong and my plans to make the site a success.
A Short History of My Authority Site
I launched www.freeonlinedatingadvice.net back in August 2012 after …
Running an online micro business can be a unique and thrilling experience. It’s a world apart from the 9-to-5s many of us have worked before and I am sure that most of us would never consider going back.
However, online entrepreneurship does come packaged with its own unique set of challenges. Although it can seem like a fairytale dream from the outside, in reality there are pros and cons like anything else.
One such con is stagnancy — a period where your business stops growing. It can take its toll both financially and psychologically.
Business growth is exciting and fills you with a sense of confidence and expectation — stagnancy can leave you feeling quite hollow and dejected.
With the above in mind, in this article I want to discuss how you can tackle stagnancy and punch through plateaus when the time inevitably comes.
Recognizing a Plateau
Plateaus can sneak up on you — especially if …
When you follow as many blogs about making money online as I do, it’s easy to get caught up in the hype. In fact, I often wonder whether I’m doing something wrong with my online businesses because when I compare myself to some of the other more successful bloggers out there, I can rarely replicate their incredible results.
The key thing to realize is that while starting a successful online business might seem like a smooth and easy process, I can almost guarantee you that every successful entrepreneur has had their share of ups and downs.
In fact, I would be willing to bet that all of the successful entrepreneurs that you’ve read about online likely took years of hard work to get where they are today.
So to keep things in perspective and to share the good along with the bad, today’s post is going to talk about some recent mistakes …