The Tradeoffs Of Owning Your Own Business Vs Working A Day Job

Ever wonder whether the people who brag about their small business wealth are really living the high life? Most of what you read on the web about starting your own business tends to be over glorified because everyone is always trying to sell you something. When all you see are get rich quick tag lines everywhere, it’s no wonder that many people have misconceptions about what it’s like to run your own business. I’ve already given you a sneak peek into my glamorous life as a small business owner. Don’t get me wrong though, I’m absolutely 100% pro-entrepreneurship and pro-small […]

How To Build Wealth By Spending Money Wisely

In a previous article on MyWifeQuitHerJob.com, I discussed different ways that my wife and I save money on a day to day basis without drastically affecting our lifestyle. While finding good deals and extending your money is an important aspect of accumulating wealth, deciding the right things to buy and avoiding spending altogether is every bit as crucial. It also helps to leverage rewards credit cards to earn free cash and travel. Because spending and saving go hand in hand, the ability to allocate your funds wisely coupled with a proper savings plan will exponentially increase your pool of wealth. […]

The Secret To A Healthy Relationship With Money

Do you believe that money is the ultimate panacea? Have you ever thought to yourself, “If I just had more money, my life would be so much easier and less worrisome?” Most people tend to think this way until they amass some wealth and the opposite happens. Their life gets harder and more stressful. During the dotcom boom of the 90’s, my stock portfolio did extremely well. I amassed a small fortune, got greedy and starting investing more and more into the markets. Sometimes I even used margin and other forms of leverage to increase my gains. Because I was […]

How To Find The Optimal Price To Charge For Your Products

In a previous article entitled how to command premium prices for your small business, I emphasized the importance of coming up with a unique selling proposition for your products and services. A good USP grants you the ability to charge a premium for the products that you sell. Once you’ve pinpointed the strengths of your company and can effectively convey that message to a customer, it’s now time to search for your pricing sweet spot. While there’s no magical formula or quick solution to finding the right price, the techniques outlined in the article below will allow you to eventually […]

How to Choose a Shipping Carrier (USPS, UPS, FedEx)

Assuming you ship physical goods to your end customer, at some point you’ll need to figure out how you will be getting your products to their destinations. There are a multitude of different ways to ship packages and it can get quite confusing deciding what the best option is for your online store. I’ll provide a breakdown of the 3 biggest shipping carriers and when or why you should ever use them. I will rate these 3 services based on following criteria: price and reliability. Editor’s Note: If you are interested in learning how to start your own business, click […]

Why You Should Never Start an Ebay Store

If you want to build a profitable ecommerce business that stands the test of time, you need to register your own domain and start your own web site. Most people who aren’t tech savvy often question their own abilities and end up relying on 3rd party marketplaces like Ebay to implement their website store for them. Here’s why starting an Ebay store is a bad idea. Table of Contents Ebay Doesn’t Have Your Interests In MindEBay May Charge You A 4% Fine For Certain Listings Ebay Shoppers Often Don’t Pay Or Change Their MindEbay Sellers Will Copy Your Images And […]

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