2017 Income Report: How My Blog Performed As A Business

My wife just closed the books on MyWifeQuitHerJob.com for 2017 and I’m happy to report that I had another record year of growth! To be completely honest, 2017 was supposed to be a coasting year for me so I could figure out what to pursue next. After all, I quit my job towards the end of 2016 which left me with 32 extra hours in my week. Even though it’s been over 15 months, I still haven’t figured out my next big project yet. But in the meantime, I’ve been spending time with my kids and my...

2017 Income Report: How We Grew Our Online Store And Highlights For The Year

My wife just closed the books on 2017 and I’m happy to report that our online store had another record year. That being said, it’s also been a hectic year filled with lots of traveling, injuries and family activities. If you’ve been following my recent posts and podcasts, you are probably aware that I’ve been thinking a lot lately about how to increase happiness, manage stress and balance my business and family life. In case you are interested, here are some of my recent posts on the topic. 9 Lessons Learned On Business, Life And Happiness With Steve Chou 10 Lessons For Entrepreneurs...

Crazy Customer Service Stories – Lessons Learned Answering Calls For Our Wedding Shop

I’ve been hung up on. I’ve been cursed out. I’ve been been treated like a minimum wage worker. But I’ve always sucked it up because that’s what it takes to run a successful wedding linens business. Even though we now have a small staff to answer phone calls and run our help line, back in the day my wife and I were the only ones available to handle customer support. After all when we first started out, we couldn’t afford to hire anyone so we had to answer all of our own phone calls. To make things even...

Selling On Amazon Vs Ebay Vs Etsy And Why Relying On A Single Platform Is Gambling

I’ve been getting a lot of questions lately about why you should start your own store from complete scratch when there are marketplaces out there like Amazon, Etsy and EBay that can offer you instant sales. And it’s true. If you choose to sell a popular item on Ebay for example, chances are that you will be able to generate some quick revenue. And it’s also true that many people are making pretty decent money on platforms like Amazon and Etsy as well. So with that being said, why the heck would you ever want to own your own store?...

12 Things I Learned From Starting Two 7-Figure Lifestyle Businesses

Since my wife became pregnant with our first child in 2007, I’ve created 2 different lifestyle businesses, an ecommerce store selling handkerchiefs and a blog about entrepreneurship. And these businesses were created so my wife and I could spend more time with these two. For all of you who are unfamiliar with the terminology, a lifestyle business is a business that you can run on the side to earn extra money so that you don’t feel obligated to work your day job. And the primary difference between a “lifestyle business” versus what I call a “true startup company”...

How To Find China Wholesale Suppliers And Import Direct From Chinese Factories

When it comes to finding products to sell online, your profit margins are amplified by how low you can drive your sourcing costs down. For example, the typical retail markup for an online store is 4X. As a result, for every dollar it costs you to source an item, you need to charge 4 dollars! On the flip side if you can shave a dollar off your costs, then you can potentially mark down your prices by 4 dollars or pocket the extra profit! Because labor is an order of magnitude cheaper in China, it’s in your best interests to...

10 Lessons For Entrepreneurs On Finding Happiness, Learning And Achieving Business Success

Most entrepreneurs will tell you that starting a business is incredibly rewarding and worth the risk. But what they may not reveal is that running a successful business often comes at a cost. Many successful entrepreneurs work all the time and rarely see their family. Many successful entrepreneurs are single or can’t maintain a relationship Many successful entrepreneurs experience emotional roller coaster rides and are generally not happy. Several months ago, I tore my achilles tendon and it was one of the most gut wrenching injuries that I’ve ever sustained. I was bed ridden for the first 10 days and...

Every Tool And Plugin I Use To Run My 7 Figure Blog, Podcast And Online Course Membership Site

In a previous article, I compiled a comprehensive list of must have tools that I use to run my ecommerce store. So this week, I put together a list of tools and plugins that I use for my other businesses which include my blog, my podcast and my online course. Similar to the way I run my online store, I adopt a minimalist mindset when it comes to 3rd party applications. After all, every single plugin that you install slows down your site and makes upgrading more complicated. As a result, it’s in your best interests to use...
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