Audio

505: The Blueprint For Building The Largest Amazon Sellers Network With Athena Severi

505: Athena Severi's Blueprint for Building the Largest Amazon Sellers Network With Titan

Today I have my friend Athena Severi on the show. Athena is the founder of the Titan Network, one of the largest networks of Amazon sellers in the world.

She also runs China Magic, where she runs a guided tour of the Canton Fair. In this episode, you’ll learn about her entrepreneurship journey and how she’s hustled her way to the top.

What You’ll Learn

  • How Athena got her start in ecommerce
  • How Athena created one of the largest Amazon seller networks in the world
  • How Athena helps entrepreneurs grow 7-8 figure businesses on Amazon

Other Resources And Books

Sponsors

SellersSummit.com – The Sellers Summit is the ecommerce conference that I’ve run for the past 8 years. It’s small and intimate and you’ll learn a ton! Click Here To Grab Your Ticket.

The Family First Entrepreneur – Purchase my Wall Street Journal Bestselling book and receive $690 in free bonuses! Click here to redeem the bonuses

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into what strategies are working and what strategies are not with their businesses. Today, I my friend, Athena Severy on the show, who started the Titan Network, one of the largest networks of Amazon sellers in the world. She also runs China Magic, where she takes people to the Canton Fair, which is something that many people have asked me about in the past. Now, in this episode, you’ll learn about her entrepreneurship journey and how she’s hustled her way to the top.

00:29
But before we begin, I want to let you know that tickets for the 2024 Seller Summit are now on sale over at SellersSummit.com. The Seller Summit is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. Every speaker I invite is deep in the trenches of their business

00:58
entrepreneurs who are importing large quantities of physical goods, and not some high-level guys who are overseeing their companies at 50,000 feet. Now, I personally hate large events, so the seller summit is always small and intimate. Every year, we cut off ticket sales at around 200 people, so tickets sell out fast, and we’ve sold out every single year for the past eight years. Now, if you’re an e-commerce entrepreneur making over 250k or $1 million per year, we also offer an exclusive mastermind experience with other top sellers.

01:26
The Seller Summit is going to be held in Fort Lauderdale, Florida from May 14th to May 16th. And right now, this is the cheapest the tickets will ever be. Also, if you haven’t picked up my Wall Street Journal bestselling book, The Family First Entrepreneur yet, it’s actually available on Amazon at 38 % off right now. My book will teach you how to achieve financial freedom by starting a business that doesn’t require you to work yourself to death. Plus, you can still grab my free bonus workshop on how to sell print on demand and how to make passive income with blogging.

01:55
YouTube and podcasting when you grab the book over at mywifequitterjob.com slash book. So go over to mywifequitterjob.com slash book, fill out the form and I’ll send you the bonuses right away. Now onto the show.

02:15
Welcome to the My Wife Could Her Job podcast. Today I am thrilled to have Athena Sevri on the show. Now, Athena is someone who I met at my most recent seller summit, and it turns out that we have a lot of mutual friends. She is the founder and CEO of the Titan Network, an exclusive network of elite Amazon sellers. And she also runs a business called China Magic, which takes entrepreneurs on a tour of China, the Canton Fair,

02:40
And she is known in the Amazon circles as the goddess of networking. Now, if you look at my journey, I have chosen to hide behind a camera on YouTube and a microphone on this podcast to build my audience. But Athena is actually truly gifted when it comes to networking. So in this episode, we’re to learn about her entrepreneurship journey and how she created one of the largest Amazon seller networks in the world. And with that, welcome to show.

03:09
Oh my goodness, Steve, what an intro and what an honor to be on this show today. I’m super, super excited. Athena, we haven’t spoken at length about your background, but I know you have a pretty crazy story about how you got started with Amazon and how that led to the Titan Network, how that led to China Magic. How did you get started? Start from the beginning. Okay, sure. So I worked for corporate America. I worked at a consulting firm and

03:36
When I had my first son, I remember them telling me to get back to work within six to eight weeks. And as a new mother holding my six week old baby, I was like, there’s no force on earth that you could get me away from this tiny, tiny newborn baby, right? So I really struggled. kind of worked from home when that wasn’t even a thing. And then they gave me a corner office and I turned that into my little daycare because I just didn’t want to give up my baby.

04:03
And then when he’s a little older, I turned him over and, you know, I got back to the office. When I had my second son, I remember taking him to daycare and just sobbing. I wasn’t ready. He wasn’t ready. And I always knew that I wanted to be able to work from home and have flexibility and have freedom, you know. And the other thing that was very frustrating was just living paycheck to paycheck, even though I had a decent six figure job, I lived in Los Angeles. And so it wasn’t like I had that option to not work, yet I didn’t feel fulfilled.

04:33
in my work, I didn’t fulfill as a mother. So it was just this kind of struggle. And I remember a friend of mine who’s quitting his job, working at the same company as me. And I’m like, so, you what are going to do? And he’s like, well, I’m selling kitchen products on Amazon. And I literally laughed out loud because I didn’t believe him. I was like, you’re leaving your job to sell products on Amazon. And he’s like, yeah, 100%. And what he did is he actually opened his seller central account and he showed me the money that was being deposited every two weeks in his account.

05:02
It was more money than we would make in six months of this hardcore job. The moment I saw that, I was like, give that to me. Whatever that is, I want it. And that’s how I started my whole journey with Amazon. What was your day job? Just curious. So I was in business development for a consulting firm that dealt with automotive. Before that, I used to work with artists and celebrities and put on fashion shows and concerts and amazing things. But when I became a mother,

05:28
I couldn’t really have that lifestyle. So then I started to work for more of like a mundane sort of consulting type company. Yeah. So tell me about your first Amazon product. How did you find it? Presumably this is a long time ago, right? Yeah, this was about eight or nine years ago. So I took a course on how to get started on Amazon. And my first product was a yoga headband. And the top sellers at the time was a fleece headband, like a little ponytail hole in the back.

05:58
But I knew that since I lived in Los Angeles, at the time you can kind of get friends and family to buy your product and like nobody’s gonna want a winter product. And so I actually had the factory send me a bunch of samples and I found my yoga headband and that was my very first product and I did quite well with it. I was actually able to quit my full-time job after about three or four months of selling on Amazon. Wow, okay. So this is back in the heyday when it was the Wild Wild West. Are you still showing that?

06:28
Are you still selling that yoga headband today or? Yeah, mean, it still sells and it’s so funny because I can pay my mortgage off of this one headband still, which is okay, because it’s been, you know, so many years, but I launched that first headband. And then I launched a second headband and that went really well. And then I thought I got really cocky, right? And I thought, you know what, I am so good at this Amazon thing.

06:58
and I decided I was lululemon, right? So I went and I got like probably about 80 variations of yoga attire thinking I was ready to go for this, right? And I spent like $30,000 on my original products from here. The quality wasn’t great and I wasn’t ready for this level of, you I didn’t even know how to do a flat file to upload everything. So that was one of the first moments that I really realized.

07:25
how much I craved mentorship. if I would have had somebody in my life that knew what they were doing, they would have said, you know, good job on your first and second product. No, you’re not ready for being Lululemon 80 SKUs. You know, you’re not ready for that. And if you go ahead and maybe release a couple other products, like they would have just guided me a little bit. But because I didn’t have that in my life, I actually ended up losing that.

07:55
30k, you know what mean? And a lot of tears and such. that was how did you find that first manufacturer? Did you use Alibaba or? Yeah, so I use Alibaba. was good. But when I later on, I started to feel like I needed to connect with the supplier more directly, because a lot of what I was dealing with, so that little blurp that thing happened.

08:18
And then I was able to actually release a couple more headbands and that sort of went really well. you know, stick to what you know, stick to the things that are going to make the most impact. And that was really a big lesson that I learned in that moment. So I got my first supplier off of Alibaba and then that changed later on when we went to China. But another really interesting thing happened through this, which was as a mother, I used to have this like mommy group on Facebook. And when they saw me quit my job, they got really, really excited about

08:48
you know, wanting to quit their job as well. And because of that, I found myself in a place of being kind of a mentor or a leader to these ladies. And I didn’t have enough of my own background or understanding yet. So I ended up starting to pull in other people who were big sellers who were sort of the who’s who of the industry. And I started to put together like little dinners and seminars and events. And then, you know, other people would start to come.

09:15
because what I was doing is I was bringing through people who are extremely successful on Amazon and I was able to help them to learn directly from mentors and people who’ve been successful. So they didn’t actually run into the issues that I did. Like none of those people did because they were able to kind of find the things that worked and they didn’t have as much risk. And so we did seminars, which led to a cruise, which then- Let’s back up, Athena, because you’re known as the goddess of networking.

09:43
When you’re a nobody in the beginning, how do you get some of these larger Amazon sellers to even one even talk to you and to get them to help? What are your what are your strategies? And I know from talking to you that you know, you’re quite convincing. I hope you can put it into words though. That is kind of my magic sauce to me. But I will tell you that when you treat people like human beings, and you’re not just looking

10:12
to get from them and you’re looking to see what mutual benefits you can provide for them as well. So as an example, on my very first event, I went to an Amazon event, I hosted a dinner and I invited a lot of great people at that dinner. In the dinner, I said, know, if there’s anyone doing over seven figures, please stand up and give your perspective of how you got there. And so what was great is that these guys were helping each other. So it wasn’t about me and what I can offer. I could host the dinner.

10:42
I could put them in a space with each other and that’s really kind of the magic that I would start to create. In that dinner, I also learned something very powerful, which is that you want to learn from people who are in the trenches, doing the thing that you’re looking to achieve. Because I had a lot of people come up to me after the dinner and say, you know, out of the three day event, that dinner was more powerful because the people were really speaking to them on things that they were doing in those last 12 months.

11:11
to achieve what they achieved instead of it being some big old presentation, know, maybe regurgitating information from a few years ago. Like these were in the trenches sellers really making moves and they really benefited from that. So everyone has something to offer, you know, and I think that when you network or you connect with people, you need to think with how can I serve you? How can I help you? How can it impact you?

11:35
And then that natural progression of the camaraderie, the friendship, the networking and all of that, think it just naturally happens. So you would go to various Amazon events and then have these dinners. Is that how you established that initial network? I mean, I started with dinners and then I just made friends with people and stayed connected. And like, for example, there’s a guy who’s a nine figure seller who, you know, I said, if you’re ever in LA, like I’ll take you out. So I went to pick him up from the airport.

12:03
I took him to brunch at the Ritz. We had a great conversation. And that’s where he told me like, Vena, like that you have a gift with these events and things like you really need to pursue it. And that one conversation was so powerful for me. like make real friends, go to events. Like your event was brilliant. Like I loved the networking. I loved that everyone was sitting at a table, chatting with each other. Everyone felt very comfortable, very open. And in those moments, like take that extra time to connect with each other, get each other’s phone numbers, follow up on each other.

12:33
See if there’s a resource that you might have that might help the other person. It might be on a completely different topic. Maybe you’re great at nutrition. Maybe you’re fantastic at finance. Maybe you, whatever it is, maybe you just like the type of product that that person sells that you can give your feedback on. Every human being has something to offer. And if you’re able to kind of find out from that person how you can help them, they’re gonna wanna be in your life. If you go to one of those networking things and you’re like, hi.

13:03
Can you help me? Can you help me? Can you help me? Like, you know, no one wants that. So I think it’s really just about serving others first. So you established this network and you had this group of moms that you were personally helping. And I guess meanwhile, you were getting help from these other Amazon sellers that were larger than you, that you met at events. That’s right. You know, back then, you said eight or nine years ago, there actually weren’t that many events, right? No. For Amazon sellers. So I actually…

13:32
started to create my own. And I think I just have a weird knack for it because for example, when we did a cruise, so I invited everyone on a cruise. I made no money from this by the way. I paid for my own cruise. Everyone paid for their own cruise. It was a seven day cruise to the Caribbean. And one of the things I did as I said, okay, who is brilliant at PPC, right? And who’s brilliant at choosing products. So I’d find the people that were most successful in certain topics. And then I have them sit at tables.

14:01
and actually do like the networking with the other people. And I had never seen anything like that since then I have like there are events that do that. But I was able to just sort of like really connect the people with the ones that are supposed to be the speakers. Because when I would go to events, I would see the speaker speak and then they would literally run to the green room or the VIP room and try to avoid eye contact and not like try to talk to the people and serve them. And I was like, oh hell no, like if I’m going to help people.

14:31
I want the people on the stage to have big hearts and want to help. And so that’s kind of how I would design everything is yes, I’d find successful sellers, but they also had to be people who wanted to help others and lift each other up. So that was that’s really my secret formula, Steve, that you’re pulling out of me right now. just I’m just kidding. It’s it’s it’s it’s well, just trying to remember like, am I meant like you literally just pulled me aside and just started talking to me. I mean, that takes guts. Number one.

15:01
And two, you just seem to have this natural knack for just keeping the conversation going. And is that something you’ve always been gifted with or did you take Toastmasters? Did you do anything to develop those skills or? I think it’s definitely part of who I am, but I have had to hone it. know, I even remember as a child, I used to be at a park and look around at the kids and anyone that would intimidate me, I would force myself to go speak to them and try to make them my friend. So it’s something that I’ve

15:30
Genuinely kind of I used to work in in Hollywood and walk up to some of the biggest celebrities in the world You know, like it’s something that you have to kind of build within yourself and I’m telling you it’s not like it comes naturally There are moments where I feel uncomfortable and it’s just like one of those things. Have you ever gone skydiving Steve? I have Okay, do you know that moment when the door opens and you like look outside and you’re like

15:58
Right? What am I doing here? And then you kind of push yourself off and you start this fall and it’s magical. Do you know what I mean? You know what’s funny about my skydiving experience? I was eager to jump out of the airplane because the airplane that I went up in was so like this cheap airplane that was smelling like smoke. And I was like worried I was going to die on the way up. And so I wanted to jump. I was like, hey, let’s get out of here. Okay, maybe that doesn’t work for me.

16:26
in life and if you think about being an entrepreneur, the concept of being an entrepreneur is that you’re willing to take greater than average risk in business venture. Right? Yeah. So I feel like when you’re dealing with human beings, it is a risk. Like I could have walked up to you and you would have been like, I’m not sure who you are. This is my event. And it would have been very uncomfortable. Right? That that could have happened. Right. But on the flip side, I could have made, you know, a friend in the industry that we now can

16:54
be together on this podcast, inspire people, help each other. I’ve invited you to my events. You had me as a guest at yours. Like the upside potential of what would have happened for me introducing myself was so much greater than the potential loss of being embarrassed, right? So I think sometimes we overthink these moments. And if you just approach people with genuine, know, affinity, like liking of that person, there’s very few people that are going to be like,

17:21
talk to the hand like, are you talking to me? Not gonna happen. I that’s happened to me though. But yes, it sometimes happens depends on who the person is. It can happen. And if you get rejected, you say, okay, fine. And you go next the same way that I had two very successful products. My next thing wasn’t so successful. But I got right back on the horse and I launched another couple products. And I currently own 14 brands on Amazon. So if I would have given up in that moment of uncomfortableness, you know, I wouldn’t

17:50
have moved forward to where I am today and I feel the same way about networking. So if you ever feel uncomfortable with networking, I’ll give you a couple tips. One is ask the person to tell you about themselves, right? So if I say, Steve, tell me about yourself, then you’re going to immediately go to a couple of the things that are important to you. It might be your children. It might have something to with your business. It might be a hobby.

18:15
It might be a trip that you went on. I’m not sure, but whatever that is, it’s going to open the conversation and it’s going to be about yourself. Right? So my name is Athena. Very lovely to meet you. Tell me about yourself. Super easy. Right? And then from there, you can start to kind of find points that you can relate to that person and just really open up that beautiful conversation from there. And I know this sounds silly, but I’ve been on stage helping people with networking. And at the end, I’ll bring people through that are uncomfortable.

18:41
And sometimes it’s even as simple as just having an easy line to open the conversation and tell me about yourself works every time from what I’ve seen.

18:51
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19:20
just sign up right there on the front page via email and I’ll send you the course right away. Once again, that’s mywifequitterjob.com slash free. Now back to the show.

19:31
Yeah, and whenever I meet someone, I always have an open mind if someone comes up to me because you never know when some random person that you meet is going to change your life. It’s happened to me many times already. 100 % I love that. And then here’s my little tip. What I like to do is I like to hang out with these people late at night. And then once people have a couple of drinks in them, that’s when I start asking questions. I usually don’t drink that much at at the bar, but everyone else is and I’m buying drinks. And then once a little bit of alcohol gets in there, they reveal everything.

20:00
And that’s how I get to know lot of people. That is probably the top tip of the day, Steve. You got it. But you don’t need the alcohol, see that’s my tactic, but you do it naturally. Thank you. Well, I appreciate that. Let’s switch gears and just kind of talk back about that first e-commerce product. So you’re getting help. And then you mentioned your second batch where you spent 30K was a bad batch of product, but then you went to China. Going to China can be intimidating for the first time. So did you just hop on a plane and go by yourself?

20:30
No, I actually went on somebody else’s trip and it was a three day trip to a part of China called eWoo. Okay. Who has its place and for some people that’s the right fit for them. For me, it wasn’t because I was looking to build like sustainable relationships with suppliers. You has more sort of like cheaper products and things is kind of like more of like a ginormous market. And so when I was there,

20:56
I was hoping to get mentorship. was hoping to get a lot of things out of that trip that I didn’t quite get. And because I have an events background, because I have a networking background, I actually decided to put on my own trip to China completely unique to itself. It’s a 12 day trip called China magic. And so I took 50 people on my very first trip there. And I brought some hold on time. You took 50 people on your very first trip.

21:25
to China after you? Yeah, after you, I went to the EU. It wasn’t quite what I was hoping. And then I decided to put on a trip to China and I brought 50 people with me. And what I did is I brought a whole panel of expert sellers. These were all seven, eight. I even had a nine figure seller on this panel. And then I brought a gentleman who had been sourcing in China for over 15 years.

21:55
and had a full network. And so the reason I wanted to create this trip to China is because I realized how much of what we do as Amazon sellers is in the product, in the sourcing of that product, in the quality, in the differentiation, and in the profitability of those products. And so much of that ties back to sourcing properly. And from what I’ve understood from meeting a lot of people, even very significant sellers,

22:22
they do not understand the subject of sourcing to the level that they need to, to really be optimizing their business. And the other thing that was very fascinating to me was how important it is to understand the culture of China and how to do proper business. One of the things that happened on the first trip, which is what inspired me to do China Magic, is that these people would come through with kind of like, I’m a big business person and you need to talk, you know,

22:50
bring down your prices for me and like, like just not a good vibe, right? And the more I understood about the culture of China, relationships are everything for them. They even have a word called wanshi, which is very unique to their like to the Chinese language. And I didn’t understand that until I actually arrived. And I realized that these guys who are at the Canton fair, and these are fantastic, good quality suppliers, they’re sitting there in their booth.

23:19
And they’re watching us. They’re paying attention to the way that we communicate, the way we do business, the words that we’re using, if we understand their culture, if we know how to even accept a business card properly, they’re really paying attention to the nuances. And people who come through with respect and appreciation are the ones that they want to do business with. And that’s where you get magic. That’s where you get cash terms, right?

23:48
A lot of people are still paying 30 % down on their products and 70 % upon shipping. One of the things that we teach in China Magic is how to get the cash terms negotiated down to sometimes 10 % down and the rest 60 to even 90 days after landing. Right? so just how this obviously doesn’t happen on the first interaction, right? Not always. And that is not

24:15
always the case, like not everything, but you would be surprised how many of these we were able to do even on the first relationship with suppliers when we’re in China at the factory, coming up with a full business plan and actually working through it the way that we have done now for the last seven years. So we have tremendous success. Again, that’s not typical, not everyone is gonna get those terms, but we’ve been able to help people get much better terms than normal.

24:42
And that helps with cash flow because this is a very difficult cash flow hungry business for a lot of people. so even just switching the cash flow, another of the amazing benefits of going to China is being able to see products in person and change them on the spot and be able to alter things. And like what used to take me when I had my headbands back and forth two months, I could do in 20 minutes because I wanted my logo to be this size. I wanted it to placed right here. I wanted it to be this size.

25:12
And every time you switch the logo, even just a millimeter, like just so, so, so small, it would take two weeks of back and forth just to switch it. So I think that that was another big benefit was being around all these amazing products that you wouldn’t normally find. And then where those relationships really shine is that what some people don’t realize is that these suppliers, sometimes they’ve

25:40
had a type of product for generations, like they’ve owned a factory for generations, and they know more about building, let’s say, watches or makeup brushes or things than we do, right? And so they might actually know what the trends look like and what’s next and what materials could be really effective and how to alter things in an inexpensive way to be even a more premium product. Like, they actually have a lot more understanding of our products than we may realize.

26:07
So when you get into really beautiful communication with them, they’ll show you things that are not on the market yet. They’ll take a look at your products and show you how to make them less expensive yet still decent quality. The magic that happens when you have good relationships. think that like Steve, if you really want to look at like my entire last 20 minutes of this podcast, it’s relationships, relationships, relationships, whether that’s with each other.

26:34
whether that’s with a mentor, whether that’s in China. And so I think going there directly is amazing. I 100 % agree. I remember this one vendor we had early on, the first shipment was amazing. And then the quality just started gradually degrading. And then we went to China, we actually met them. We had a couple of drinks, had a meal, and then all of sudden the quality has been fine ever since.

27:00
That is my favorite. Can we just take that clip? want that clip. was I mean, it matters. Like if you think about it this way, the people you do business with, you tend to be better with the people that you like, right? Yeah. As opposed to just other customers who might not treat you that well. And so once we had like this rapport going, I think they just treated us differently as customers. 100 % and that saved a lot of us during like COVID because you know, if you have slip supply, E, A, B, C, D, and

27:30
you know, supply, you were one of the people that actually came and, and met them and went to the factory and met their team and really like have that beautiful relationship. And then you’re having issues with, you know, supplier or shipping or something. Who are you going to put at the front? You know what I mean? Like these dudes you’ve only met over email or the one that’s come and you know, sometimes you meet their family, like they bring their children, like it’s, it’s a thing. you know, going to China is really important.

27:57
but also really understanding what you’re doing because again, like I would sit back and watch people go through and they can immediately read if someone’s like, you know, a professional or not a professional and you really want to be a professional when it comes down to it. Yeah. Yeah. I mean, if they believe that you’re going to be a long-term customer and you’re going to be reliable and a good customer, then, then they’ll want to talk to you. Then they’ll want to give you terms early on. So

28:24
It’s just a matter of coming across as someone who’s serious and kind of knows what they’re doing upfront. 100%. Yes. I was going to ask you about that first trip because I’ve been to China many times. I used to go to the Canton fair prior to COVID every other year. And it can be a little intimidating if it’s your first time. And to guide 50 people there where it’s kind of unsafe to eat the street food and you know, the laws are kind of different there. That sounds crazy to me.

28:55
Right. I understand that and maybe I am a little bit but I will say I nailed it. Like we were on the same flight. Yeah. We got picked up by a luxury bus to go directly to the Four Seasons. They provide the most beautiful breakfast brunch type thing, you know, in the sky. They’re super gorgeous. You know, and then we would actually go in the fair. I brought enough people so that people would go into the fair with them and actually help them to do

29:23
all the negotiations and things. And so if they weren’t alone, they were actually with people. mean, Kean Gulzari, for example, who you know, he sources for the NFL, the NBA, for Google, he’s like top of the top. So I have guys like that. And so we would go in the fair and then in the evenings we would do mastermindings. So we would talk about, we would do educational type things and content. We’d have people ask questions and then we’d troubleshoot if people were running into trouble or they needed help. And so every night we would mastermind.

29:52
And after that first trip, mean, people got more done in those 10 days in China than they had gotten done in like a year or two. You know what I mean? Just in terms of finding products. And then even just the mastermind, and that’s really where Titan came from, was watching what happened when you had somebody with mentorship and how fast your business can grow when you actually have someone guiding you. And so that’s really kind of where that magic happened. Yeah. So it actually went really well.

30:20
And we’ve done seven of them. I mean, we’re about to do our eighth one in October. obviously, I something. So is that China Magic came first or did Titan? Yeah, China Magic came first. Yeah. And then so you had those 50 people, did those 50 people just kind of were they the charter members of the Titan Network? I mean, some of them, mean, some of these guys have already sold their brands. There’s one guy who is a kitchen brand who’s probably valued it like

30:49
89 million at this point who was on my first trip to China There was another person in the camping outdoor space that I know already had an exit for over 50 million Another lady who is in the health space. She’s oh my gosh. This woman is absolutely killing it So these are brands that if you go on Amazon, you’re gonna see quite consistently So, you know people from even my first trip just had ridiculous success And then yes, some of those guys became my mentors

31:17
The way that I find mentors within Titan, by the way, and within China Magic is I would just observe the people that were always helping, you know, the ones that were like really smart and always like wanting to guide and wanting to help and jump in. And that’s really where I found like my best mentors was within my own crew. So yeah. Well, how did you say I mean, it’s really hard to start a network. So did you just number one, were you charging in the beginning or were you just kind of building up your own little core first?

31:47
So to be fair, all of this in the beginning, like I threw Christmas parties all over the world. All this stuff was just out of joy and wanting to be around other people because I was lonely as an Amazon seller and I wanted mentorship, I wanted networking. So I kind of built a lot of this for me. I wanted a trip to China where like I actually had proper guidance. So a lot of this came out of like I’m a seller. What would I like? Right. In the beginning, I didn’t charge for anything. My first China trip, I don’t even know if we broke even.

32:17
because I just wanted to go, right? then, yeah. But little by little, we started to get smarter about all that, which is great. And then actually on my second trip to China, a gentleman named Dan Ashburn, who is my business partner, he came along and he’s really the other half of my brain, right? So I’m amazing at like networking and community. He’s where that real strategy comes through. And so what we were able to do was take

32:45
the brilliance of all these top sellers, these guys are, know, multi seven, if not eight, even nine figure sellers and distill that into some strategy with a blueprint that actually is effective. And so in China, he was able to kind of take what I was doing, which was, which was good. And he stepped it up a few levels. And so at that point I was like, wow, like you’re the other half of my brain. And that’s where Titan was born.

33:10
because it took the community and the trust and the culture and these amazing human beings that I was able to collect over the years. mean, some of the most brilliant minds in the entire industry, and then Dan was able to systemize it. And we realized that people needed help from the very beginning of their journey all the way through. And there wasn’t really an organization that was helping them depending on what level they were at. And so that’s a lot of, you know, what we created in that moment. But that all came from like our own pain points. Like I’ll tell you,

33:40
In China, we had this big room full of sellers and you’ve got the top sellers and then you’ve got the babies, right? And the babies needed certain handholding and they had certain questions. And then the big dogs, like they really didn’t want to talk about like the real basic things. So I think a lot of what happened with all of this was just part of the journey and learning from my own mistakes of like mushing everyone together. If that doesn’t work, we need to separate them kind of like in school. You don’t put the high schoolers in with the preschoolers and think it’s going to work, right? So like

34:08
Through all these years, I was able to find what worked and what didn’t work. And with my little Hollywood background, a little red carpet here, a little fairy dust, voila. That’s kinda how it all happened. How are the top sellers incentivized to be mentors? I mean, are they just doing it because they enjoy helping people or are they compensated? Or is that part of your magic? Yeah, so in the beginning, mean,

34:36
what people would come to the trip, right? And I would comp their trip and they would help, but they also would benefit, you know what mean? Cause they would go see their suppliers and they would learn from each other. So a very clear example would be, I had a nine figure seller named Moche and he was meeting with Keon Golzari and you know, this guy’s a genius businessman from Brooklyn, like just really smart guy. But Keon is much smarter than he is when it comes to specifically sourcing.

35:05
Right? So like he came as a mentor. He was helping everyone talk about strategy and team and scaling, which he’s an expert in. But my goodness, watching Keon talk to him about how to build a backpack and take it apart and how to make it a pre- I mean, that everyone has their genius. And I think that that’s something that’s so special is figure out what, you know, your genius is, offer that to the world. And if you are now in an environment where other people bring through their genius, that is the power of everything I do. That is China Magic. That is Titan.

35:34
And so I think in the beginning, was definitely like they wanted to be part of that energy. They wanted to impact people. They loved the vibe of what we’re doing because we finally found each other. mean, a lot of us are lonely. a bunch of quirky entrepreneurs, you know, working on our own and then finding this group of people who are ambitious and fun and want to make, you know, life amazing. It was probably the most magical thing to see and to be a part of. So.

36:04
When we created Titan, what happened? This is hilarious. And I believe how I did this. So all these guys wanted more. They wanted a mastermind. They wanted to connect with each other. So I was like, okay. And I wrote a letter with everything as a seller. thought people would want, and we distributed it out to the whole crew. And I was like, okay guys, so, you you’re going to be my first ones. We don’t have it all figured out, but we’re going to make it happen. And over 80 % of the people in China signed up for Titan. Wow.

36:34
because they knew our heart, they knew how good we were at what we did. They knew that we would stay up super late with them, helping them through understanding their issues. You know, we just, care it, right? And so that’s where Titan was born. And I think because that’s where it was born, it kind of continued with the momentum. So then obviously we had to become more structured. My leadership is definitely compensated. In fact, they own a part of Titan as well. Because you can’t have…

37:00
You can’t have people of that level dedicating this amount of their attention when they’ve already had themselves some of them eight figure exits. And so yes, they’re compensated, but when you get to know them, you’ll see that they just, they love it. They love our events. They love our masterminds, love each other. You know, and Andrew, actually one of the gentlemen I want to introduce you to, he’s a big fan of yours. I think you helped him get started with his Amazon journey.

37:28
And now he’s a mentor within our group and stuff. like, it’s just amazing to see the podcast that you’ve done, the book you’ve written, the events you’ve created, how much that’s impacted people that also want to impact people that want to impact people. it’s this beautiful circle of life, I call it. You know what I find amazing about your story is that you managed to do all of this without having like a podcast, YouTube channel blog. For me, I like to hide behind a computer because mainly I used to be an engineer. And that’s just my personality.

37:58
where you’ve done this, I want to say all grassroots from just networking, going to events, talking to people. 100%. It’s weird, right? Yeah. In my opinion, it’s a lot harder to do what you’ve done than what I’ve done. So I commend you for that. Thank you. We all have our talents, dear. We all have our talents. I don’t have your brain, that’s for sure. So everyone in this network is Amazon sellers, right? And you have access to a large number of successful Amazon sellers.

38:27
What is your view of Amazon today compared to like when you started and what do you think are like the opportunities moving forward in that space? You know, a lot of people talk about brand and they talk about it very surface level. I mean, you do see the DTC brands coming through on Amazon and crushing it just because they have, you know, that power and that backup of the community that they’ve built behind them. So I think the days of the Me Too products are over.

38:55
You know, it’s overly saturated. It’s it’s very difficult to compete. So a lot of what we talk about in Titan has to do with creating like a real brand and products, real IP. That’s why we also believe in, know, even if you don’t go to China, just like we try to develop our own unique product line. And we like to niche down to really talk to a customer, not try to sell things to everyone, but get really deep. And we’ve been…

39:23
leveraging AI actually doing some really geeky stuff on understanding our customer how they think their language everything because we need to be differentiated. We have to stand out. You know what I mean? And I really think Amazon has like so much potential anyone that tells you like, oh, this game is over. They’re wrong. There is so much potential. There’s so many people there’s so much buying power on that platform. But you have to be a pro. You have to approach it as a pro.

39:53
You can’t get $500 worth of product and think that you’re going to somehow make a million dollars. Like it just doesn’t work. So you need to be educated on you have to understand your pay per click. You have to understand your margins. You have to source like a pro. You have to have good decent products. The days of having a three star product and maintaining a five star rating. That’s also over, right? So you actually have to have a good product. Otherwise you’re going to be spending so much money just trying to keep it afloat that it’s going to be a mess.

40:22
So I think, I mean, these are just some off the cuff little thoughts, but it’s definitely on, you know, understanding your platform, understanding how to play the game and then playing it with strength, you know, being aggressive enough. think another thing that people falter on is they might do a light launch, but they don’t stay consistent or long enough with the launch. Sometimes they don’t have enough product right away. So they go out and they…

40:48
do it with a bang, then it starts, know, like there’s just so many different ways that we’ve been talking to our guys about. And it also really depends on like what level of Amazon you’re doing, you know, there’s so much to it. I love this. I love this topic. As you can tell, I’m a big fan. I mean, for a beginner, what you said sounds kind of intimidating, right? So how do you set expectations? And yeah, what do you tell them? Someone who’s brand new, to do this?

41:16
So we developed a course called Genesis and what we speak about in that course is actually, it’s not meant to be intimidating. Let’s say you want to sell the kitchen products, right? There’s many different types of customers that you could sell to. You could sell to a college kid who needs a box full of 20 items, really cheap, because he’s starting his first dorm and he needs just everything, right? You could sell bamboo sustainable products to like,

41:44
a very eco, you know, conscious person who wants, know, beautiful, earthy tones and things like that, right? You could be selling a kitchen product to a guy who’s got way too much money to spend at Sir Latab and buys things like avocado slicers because he thinks he’s a chef at home and he’s really not and he just has extra money to kill and finds things like that to be interesting, right? So what I mean by the days of just throwing the same spatula up and having

42:12
it, you know, not stand out. It’s not that you have to be a huge company. You don’t have to have a massive budget. But what you should do is look at the competition and find a product that is something that you can speak to a specific audience using their language and understand where they’re at, and then make it stand out somehow. You know, that was going to be

42:37
very helpful and that doesn’t have to cost a million dollars. You can still start off with a few thousand dollars, you know what mean? But you have to know what you’re doing and you just can’t try to sell like a cell phone case. Like don’t buy a cell phone case. There’s like, you’re going to have to compete too hard in that. You need to understand how to select products correctly. But yeah, I didn’t mean to scare anyone. There’s so much opportunity, but you just want to be a bit different is all I’m saying. Are there any trends that are worth noting?

43:05
that’s happening on Amazon or that you foresee happening on Amazon in like the next couple of years? I mean, long nutrition has come in and dominated in the health space, right? So I’ve seen a lot of things like regarding health. There’s certain categories that it just seems that there’s a lot of things going on with a lot of influencer marketing. I think that’s also a very good topic to understand. I don’t think I should speak to the trends particularly. That’s more Dan, my business partner that would mash it.

43:35
when it comes to that. But I will say that what I was talking about with with brands, you’re seeing that more and more on Amazon, you’re seeing it be, you know, much more brand oriented. Even just now, I mean, as of I think this week, they just took off the number of reviews. Have you seen that? If you go on Amazon right now, you no longer see the quantity on certain categories.

44:01
it’s just showing the star rating, which is exciting news for new sellers, because that can give you an opportunity to compete. Yeah, it’s I’ve only seen it in spotty. It’s not everywhere because I see the ratings and then certain searches will have no ratings. It’s I don’t I don’t know exactly what the criteria is for that. But yeah, so here this one is a garlic press, just to be funny. And this one’s a garlic press. And okay, it’s not showing.

44:30
It’s showing how many people bought in the last month. It’s showing how many stars, but no longer how many reviews, which for a new seller, that’s right. Incredible opportunity right there. So yeah, just to reiterate, I actually have a guy who started this last year with a single product. He sells a silk pillowcase and that silk pillowcase has done seven figures.

44:59
since the beginning of this year. There are a million pillowcases on Amazon, but what he did is he packaged it perfectly. He speaks to his audience. He knows his keywords. He did it 100 % correctly. And the guy nailed it with just one product just in this last year. So Amazon is definitely a huge opportunity. You just need to know what you’re doing. So here are my key takeaways from our conversation today. It seems like networking

45:28
has been like 90 % responsible for your success, right? And what I like, so I have a friend who does this too. I just could never get myself to get the courage to do this, but I have a friend who throws dinners at his place every week and every week he just invites just random people to come. And it sounds like that’s something that you did early on to establish that network. And once you start knowing like a core of people, those people introduce you to their network.

45:58
and then it just kind of exponentially. Is that essentially what? I mean, that’s that is what I’ve done. And it’s something I enjoy. But people don’t need to go through the last eight or nine years of me traveling the entire world to do that. Right. Like, it’s actually really helpful to go to your event. Right. Or come to my trips or, you know, be a part of Titan, because we’ve done all that work for them. So yes, if they want to network, they should. If not,

46:27
go to a meetup, go to a local Amazon meetup, go to events. I think that’s really important. It doesn’t matter where you’re at in your business, whether you’re starting or you’re very successful seller, go out there and meet people. think that’s really helpful. But then I think a lot of it is also, I want to inspire people to take that risk. I want to inspire people to move.

46:54
with their business and to realize that they do have talent and they have worth, right? I’m not techie. I don’t have your brain. I wish I did. don’t, right? I have your networking. Right. We all have our skills. I think that when it really comes down to it, we’re stronger together as a community. And if you can learn from people who are 10 steps ahead of you, you don’t need to make the mistakes that we all made. Right? So if you’re just starting on Amazon,

47:21
You can learn from all of us who have spent years and hundreds of thousands of dollars on testing things and trying things. And so the opportunity for a new person now who have people in their life that they can follow and they can sort of learn from, that’s going to speed up their progress, right? And I think one other thing that I really like to talk to people about is, you know, the most money you’ll ever lose in life is the money that you never made. The most, you know, experiences that you won’t experience because you didn’t have

47:51
the guts to go out there and do those things. I meet too many people that are stuck in their jobs. They’re doing nine to five. They’re not happy with it. When are you going to stop? Like, when are you going to change that? Are you going to wait until you’re a retirement age to start living your life? And I think that that’s really my passion behind Amazon is not, I mean, of course I love the platform. I love the game. I love, you know, developing products and things like that. But what it really gave me was my freedom. And it gave me the chance that I was able to

48:21
I remember that day that I quit my job and the next morning I actually kept my son home from school because I had to because it was a moment and I made him pancakes and I took him to the zoo and it felt amazing, you know? And then I remember that next time that he was meant to be on spring vacation I didn’t have to find a sitter. I was able to actually be home with him or take him to the park, you know?

48:45
These are not Lamborghinis and mansions. And a lot of the people that you see promoting entrepreneurship and all that are like, you know, get a Lambo, let him get a Lambo. I don’t care about Lambo. I care about the fact that when my grandma was sick, I was able to drop everything and go to her. You know, I care about the fact that I’m taking my entire family, including my parents to Hawaii. And my kids are going to remember that for the rest of their lives. Right. So it’s like, for me, Amazon is a freedom financially, time and location wise that

49:14
I don’t know any other platform that you can do that with in this way that can translate into the quality of your life. And that to me is why I’m so passionate and everything I do, it really kind of leads to that and hoping I can inspire even just one person to just live. Well said, Athena. Where can people find more about China Magic and the Titan Network? So ChinamagicTrip.com

49:42
TitanNetwork.com. And you can always find me on any platform, Instagram, Facebook, AthenaSaverey at gmail.com is my personal email. And I’m very open if people wanna connect with me. I have a lot of women in my network. We’re about 35 % women. We have our own little chats. We’ve been through everything. People who’ve lost their husbands, people who’ve gotten married, given birth, we’re in this journey together as a community. And it’s such an honor.

50:12
Steve, like when I say that it’s an honor to have met you and to be on this podcast, it really is because you are a leader. You’ve inspired so many people to quit their jobs and to live their life. And so I really appreciate what you do for this industry. And, know, if anyone can ever benefit from any of the things that I do, I’m here for them. Thank you so much for coming on the show with you. I appreciate you. I appreciate you. OK, thank you. And yeah.

50:41
Hope you enjoy that episode. And if you guys ever want to visit the Canton Fair in a tour group, go check out China Magic. For more information about this episode, go to mywifequitterjob.com slash episode 505. And once again, tickets to the Seller Summit 2024 are now on sale over at sellersummit.com. If you want to hang out in person in a small intimate setting, develop real relationships with like-minded entrepreneurs and learn a ton, then come to my event. Go to sellersummit.com.

51:09
And if you are interested in starting your own eCommerce store, head on over to mywifeclutterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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504: Creative And Practical Applications Of AI That No One Is Talking About With Toni Herrbach

504: Creative And Practical Applications Of AI That No One Is Talking About With Toni Herrbach

Many of you listening to this podcast probably don’t know that I run a completely different podcast with my partner Toni called Profitable Audience. Unlike the My Wife Quit Her Job Podcast where I interview other successful entrepreneurs, the Profitable Audience Podcast is just Toni and I riffing about what we’re up to with our own online businesses.

In this episode, how discuss we are using AI for all of our businesses. And if you like it, make sure you subscribe to the Profitable Audience Podcast.

What You’ll Learn

  • AI tools that we’re using for our businesses
  • How we apply these tools to create content, repurpose content, and write code
  • How AI helps us save time

Other Resources And Books

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Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into what strategies are working and what strategies are not with their businesses. Now, many of you listening to this podcast probably don’t know that I run a completely different podcast with my partner Tony called Profitable Audience. And unlike the My Wife Could Her Job podcast where I interview other successful entrepreneurs, the Profitable Audience podcast is just Tony and I riffing about what we’re up to with our own online businesses. So today,

00:30
I decided to post an episode of Profitable Audience on the show to discuss how we are using AI for all of our businesses. And if you like it, make sure you subscribe to the Profitable Audience podcast. But before we begin, I wanted to let you know that tickets for the 2024 Seller Summit are now on sale over at sellersummit.com. The Seller Summit is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS,

00:59
Mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. Every speaker I invite is deep in the trenches of their e-commerce business, entrepreneurs who are importing large quantities of physical goods, and not some high-level guys who are overseeing their companies at 50,000 feet. Now, I personally hate large events, so the Seller Summit is always small and intimate. Every year, we cut off ticket sales at around 200 people.

01:25
So tickets sell out fast and we’ve sold out every single year for the past eight years. Now if you’re an e-commerce entrepreneur making over 250K or $1 million per year, we also offer an exclusive mastermind experience with other top sellers. The Seller Summit’s gonna be held in Fort Lauderdale, Florida from May 14th to May 16th and right now, this is the cheapest the tickets will ever be. Also, if you haven’t picked up my Wall Street Journal bestselling book, The Family First Entrepreneur yet, it’s actually available on Amazon right now at

01:54
38 % off. My book will teach you how to achieve financial freedom by starting a business that does not require you to work yourself to death. Plus, you can still grab my free bonus workshop on how to sell print on demand and how to make passive income with blogging, YouTube and podcasting when you grab the book over at mywifequitterjob.com slash book. So go over to mywifequitterjob.com slash book, fill out the form and I’ll send you the bonuses right away. Now onto the show.

02:25
Welcome to the Profitable Audience Podcast. In this episode, Tony and I are going to talk about some of the AI tools that we’re using and how we apply these tools to create content, repurpose content, and even write code. So one of the things that I thought was interesting is that I went to an AI panel at FinCon, which we talked about on a previous podcast, and it was really fun to hear how different people are using AI. And we talked about this a little on the last podcast, but I actually want to talk about it a little bit more.

02:54
on this one is that one of the things that Pete talked about was using AI to build a plugin or an app. And I know that I’ve heard you say in previous episodes and in conversations that you actually are using AI to code. So can you go in a little more depth because the big joke around here is that your comment to everything is, you just need a little bit of code.

03:19
But is AI now everyone’s little bit of code? Have we finally cracked the chew coding puzzle? I think the answer is yes and no. Okay. Because I think you need to know how to write code or read code, I should say. You know how to read code and you need to know how to debug code in order for this to work. Okay. Right. So like if I told you, Tony, Hey, write me a plugin that does this and that, I’m pretty sure that you wouldn’t be able to do it.

03:48
I mean, I could be wrong. Maybe you can figure it out. But it’s one thing because it spits. So I use it all the time for coding, but I know like how to phrase it. Right. And I know what’s efficient and what works. The problem with me coding is I don’t do it every day anymore. Right. So when I have to do it, I forget the syntax or I forget. I don’t know all the commands. I don’t know all the libraries that are out there. Whereas people who code all the time.

04:17
They know, hey, this has already been written. I don’t have to write this part. I can just piece things together. And that’s where AI can really help. So would it be possible to look at code on, because sometimes I’ll come across, I’ll Google like how to do this, right? How to change something in the Shopify theme or something like that. And I will come across, you know, very well written articles about how to create something or YouTube video.

04:43
would it be possible for me to like copy the code from somewhere else, put it into an AI tool and start from there? Like, is that a thing that would work or is it still because I don’t know what I’m really doing, it wouldn’t work for me? You know, what’s funny about this is one of our students, Charles, he wanted to write a little script for his Shopify store that did something simple. was, I believe it was like sort the products based on whether they’re in stock or not. Okay. And I don’t

05:12
remember the outcome of what happened, but he typed this into chat GPT, and it actually outputs some liquid code for Shopify. And I don’t remember whether he decided to use that or not, or try it or whether he just hired someone to do it. But for small things like that, it’s conceivable that you could just cut and paste that into your site, and it might work. problem is, is if it doesn’t work, then what do do?

05:38
Right. You’ve broken something probably. You haven’t broken anything because you can always just delete what you added, right? Yeah. But if it doesn’t work and you don’t know how to figure out what happened, that’s where the problem lies. So I didn’t go to this talk that you went to. So I was curious, does this guy must have some sort of coding background? Well, I don’t think he does, but he said it took him two months. And to me, that meant that he did spend some time learning about code.

06:04
right, learning the fundamentals so that he could do it, right? Because it wasn’t just copy and paste into chat GPT and create something. Like he actually dedicated two months of his life to figuring out if he could create an app using AI. So it was almost an experiment, right? And so I think he probably did get some education, whether it be through, you know, a traditional type of course or reading articles online, watching videos, things like that.

06:30
So obviously it was a bigger endeavor, but it got me thinking like, okay, what kind of doors is this gonna open for people that usually are handicapped by this? Is this going to be at some point something where anybody can just get a piece of code? Maybe eventually. I’m just curious, what did this app do? Like how complex was the app? I don’t remember what he, he might not have even said what it did. I don’t remember that part of it, but yeah. So anyway, I just thought that was really fascinating. Well, here’s an example.

06:59
You know this morning that I told you and the reason why I was late to this recording is because Bumblebee Linens has been getting attacked right now by malicious traffic. People, I don’t think they’re trying to take the site down per se, but someone sent 100,000 visits to Bumblebee Linens in the span of like a minute today, which took down the site. So what I need to do now, and this, we’ve been getting, I don’t want to use the word attacked, but there’s tons of crawlers that crawl our site and just kind of bog down the site. Hasn’t been a problem until this morning.

07:28
So now what I have to do this afternoon is I gotta go in and I’m gonna look at the logs, see if anyone’s hammering the site unusually and then ban those IPs automatically, programmatically. Okay, I was gonna say, because that’s, you can’t do that manually if it’s hundreds of thousands. No, no, no, it’s a hundred thousand of visits from the same IP address. Oh, gotcha, okay. You know, hammering different pages on the site. So all I have to do really is figure out who those malicious IPs are and ban them when it happens.

07:58
Okay, so that’s just like a little piece of code. I wouldn’t even call that an app. Yeah, a little piece of code, right. So that’s something that I’m going to use chat GPT for. So for example, I’ll ask it, hey, how do I what’s the command to, you know, figure out, you know, how many hits are coming from a specific IP address from the logs, and it’ll give me that piece. And then I’ll say, Okay, what is the command line to add someone to the to the firewall banlist? Right?

08:28
And then I’ll put all that stuff together and then I’ll make a cron job. A cron job is something that gets run like every five minutes or whatever, right? I’ll put all that together, the different pieces and that’ll be the code. could I potentially type all that in a chat GBT and tell it what I want and have it spit out something? Maybe, but the problem with code is there’s a 5 billion ways to do the same thing. Right. Right. And I want a specific way to have it done.

08:56
Yeah. So what I think is interesting is that last spring, so March of 2023, we were ECF live, which is the e-commerce conference. And then May, we were at Seller Summit, our e-commerce conference, and we both had AI talks. And one of the messages that I feel like was given over and over again was understanding what prompts to give.

09:23
an AI tool is actually the most valuable part of using the tool. And it sounds like what you’re saying goes right along with it because you have the knowledge of code. You can give chat GPT or another tool the right prompts to get what you need. Whereas someone who doesn’t understand anything about coding might not be able to ask the right questions to get what they want. The answer is yes, but it just depends on how complex the problem is. So let’s say for example,

09:53
that you want a way to add a new email address to Klaviyo just kind of automatically through your server. instead of, you know how we always have these talks where like Shopify is rigid in this way and you things were done a different way. Well, you could tell, you can have ChatGBT for example, say, hey, write a piece of code that allows me to add any arbitrary email address to Klaviyo on my server. And I’m pretty sure it would do that correctly.

10:24
But I do think knowing how to ask it is probably the key for almost anything with AI. Knowing what to ask it and understanding the output in the case of coding is… I’m just trying to think right now of my experiences using it. And it never spits out the thing that works out of the box. Right, exactly. It always is iterations. Okay, so… Even output stuff that’s wrong. I’m like…

10:52
sometimes I feel like it’s a human. I’m like, hey, what about this corner case that you didn’t think of? Right? I go type that in and he’s like, oh yes, the bottle go, oh yes, you’re correct. That case will not work. Well, like, why the hell did you? So my brother did a whole exercise with a chat GPT about feelings. And he basically started out with, hey, are you sad today?

11:18
And it responded with, I’m unable to be sad. I am, you know, whatever. And then he’s like, but blah, blah, blah. And he went on and he basically did like a 40 or 50, like paragraph exchange, trying to see where it would end up when you talked about something that obviously is impossible for a, you know, robot. Basically, it was really interesting. I think he posted it on Facebook or something like that. But yeah, I, don’t do enough of with AI to like get a wrong answer.

11:48
as far as usually I’m like, give me a better title or and sometimes the titles aren’t the titles I want, but they’re not necessarily wrong. You know, it’s just not exactly what I’m looking for. So I don’t I don’t get that as much. And then the other the other way that I always ask is to do the formulas for for Excel and Google Sheets, which I feel like I don’t really know if they’re wrong, because I didn’t know how to do them to begin with. Well, here’s something that a lot of people are using for that.

12:15
that works, like let’s say I want this object on my website to spin. Yeah. When like the cursor hover over it. That code you can probably just cut and paste straight from chat GBT. Yeah. So let’s, we’ve been talking a lot about chat GBT. That’s the tool that I use most often. I don’t use it nearly as much as you do, but I’ve just started using it more frequently based on a tip from you in one of our lessons a long time ago, probably a year ago.

12:43
is I’ve been using it to create scripts for YouTube videos. And I will say I’ve been very impressed with the speed as well as the quality. I was expecting the quality to be terrible, but I think because I’m actually using my own content and having it turned into a script, the content’s amazing, obviously, because I wrote it.

13:07
I can see yourself patting yourself on the back. Like, wow, who wrote that amazing stuff 10 and a half years ago? But I will say I’ve been impressed because I’m not, so I’ve used it occasionally for emails, right? Where I need a starting point. In fact, I was doing an email a while back and I wanted five tips for an amazing kid’s birthday. And obviously you could write a thousand tips to have an amazing kid’s birthday. So I wanted just like a resource of like, okay, give me an outline and I will write, I will fill in the blanks.

13:36
So when I put it into ChatGPT, it took three or four iterations to get more of what I wanted. However, then I could take that and actually build it out into content. But when I was importing my own content in there and then asking ChatGPT to turn it into a script, I was actually very, very impressed. And then I asked it to extend the word length, right? Because for a YouTube video, you want it to be a little bit longer, and my blog posts in general are not.

14:04
They’re not the three, four thousand word blog posts. They’re usually about a thousand words. I asked, I asked, I sounds like I’m asking a person. I asked you have GPT if I could go to the store. So then I asked it to extend the word count about 500 words. And you know, it’s probably a lot of filler words and things like that in there, but it did, it did the job. It got me to like 1750 words for a post that I think started out as a thousand. So I’ve actually been pretty impressed with using it to take my own content and turn it into a script.

14:34
Yeah, so I do that with my posts. I have the opposite problem with my post. You have to shorten them. Right, so they start out as 5,000 words or whatnot. And so if I just feed that as a script, oftentimes it’ll come out with something that’s the same length or sometimes even longer. I have the paid version. Are you using the paid version? No, I’m just using the free version. Okay, yeah. So the paid version has much longer…

15:01
Yeah, limitations, which, I think the unpaid version is perfect for you because you’re not trying to create something really long, right? So I have to go through that script and actually, I usually go through my blog post first. Okay. And I’ll truncate the stuff that I think doesn’t need to be in there because YouTube videos have to be more concise and compact. let’s talk about the paid version because I haven’t even researched that. How much is it and what are the benefits? And I know you were talking a while back.

15:29
about how you were actually willing to pay for this because you thought it was worth it. Yes. And you know how hard it is for me to pay for something. Yes. That’s why that’s why it’s like, let’s tell the people what you’re willing to pay for. Yeah. So it’s I think it’s 20 bucks a month still, to be honest with you. I don’t even check the bill, but it was 20 bucks when I signed up for it. OK. And I just find that Chad GPT-4 gives better content. And it’s hard to say and it’s subtle, but it also gives you access to all the plugins.

15:59
So with the plugins, you can actually have it browse the web or there’s a lot of built-in things in there. Talk more about the plugins if people aren’t familiar with it. Okay, so the main one that I use, which is the web browsing plugin, I can’t even remember what it’s called because they keep switching, but I have them all turned on. So if I say, hey, go to this URL, grab this and summarize it, that saves me the time from going out there and cutting and pasting something in there. Gotcha. Yeah.

16:29
We think we don’t know the exact price of that, but it’s about 20 bucks a month. other plugin that I sometimes use and I taught one of the lessons in profitable online store was there’s this Amazon plugin. Okay. We can go, you give it an ASIN and it’ll go and summarize all the reviews and tell you what people are complaining about. Saves you some time, right? That’s a really good one. Actually, if you’re an Amazon influencer and you’re working on scripting product reviews, that’s actually a really good tool. Yep.

16:56
Because one of the things that one of the tips that we give people for doing these product review videos is that you want to either look at the reviews or the questions and make sure you answer those in your product review, because that’s going to make people more likely to watch your whole video as well as click through and make a buying decision. Yeah, so it’s little things like that. And the plugin library is pretty big. I haven’t tried, you know, I’ve scratched the surface of the plugins.

17:25
But yeah, the web browsing one and I’d say the Amazon ones are the ones that I’ve used the most often. Okay, one of the questions I had for you because I know for a while you were really big on using mid journey to make images. Yes. Are you still doing that? I am not using mid journey as often because I so the real answer is, is because I just pay someone to make images for my blog now. Okay.

17:54
Before when I was doing it myself, I was like, oh, okay, great. I don’t have to use deposit photos or anything anymore and I can get an exact image. Now I just have my red or do it. So I don’t even have to touch it anymore. I think mid journey is fun to play around with, but it’s really tough to get it to output what you want. So this is where I feel like there’s a big disconnect.

18:19
between like images and text for AI. Because I remember when you talked about mid-journey in the course, I was like, I don’t have time to do 16 iterations of an image that I can just go get for 99 cents. Like to me, that didn’t seem like a good use of my time. Now, for some people, like if you’re really, if you’re like shoestringing it, then yeah, use a free tool or go take your own photos, whatever. But to me, the writing part, like for me to turn a post into a script would probably take me 30 to 45 minutes at least.

18:49
whereas using ChatGPT took me five. And then editing probably another five to seven minutes. So to me, the image part, I just felt like the images and they looked, it’s kind of funny. people will post on Facebook like photos and I’m like, you totally AI’d yourself, like admit it. You don’t look like that in real life. So I don’t know, I feel like the AI images have just an AI look about them. I don’t know what it is, you know.

19:17
And I feel like some of the images, like especially in mid journey, just like they generated some weird stuff. There’s other image generators that are supposedly as good or better than mid journey, which I haven’t experimented with. I do know that there’s there’s the reason why I was playing with it as much as I was was I wanted to create lifestyle images for my products. Yeah. And so you can actually have it create an image as a basis for an image that you give it. Yeah.

19:47
and have it, you know, use as a, create a background for it essentially. And it can work. just, it just takes a couple of iterations. Yeah. Actually, I think our friend Dale was trying to do this for his products. Do you remember his comment? I think a couple of weeks ago in the group. Yeah. He wasn’t real thrilled with sort of the end product. He was messing around with it, trying to put his spray bottles in different

20:15
But then he posted one where his bottle I think was floating in the middle of the ocean. I’m not sure what that was supposed to be. I think he said he was a little frustrated by it.

20:28
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20:58
just sign up right there on the front page via email and I’ll send you the course right away. Once again, that’s mywifequitterjob.com slash free. Now back to the show.

21:09
I don’t feel like I’m qualified to comment on it because I haven’t played around with it as much lately. Yeah, I played around with it a lot when it first came out and I thought it was super cool and fun. Yeah, there was something and you know what, come to think of it right now, a student asked me for this lesson, but I forgot to give it. But it’s really easy. Remember in the old days, like I used to superimpose someone’s face on someone else’s face. all that stuff is is pretty automated now. Yeah, if you want to do something like that. And

21:38
The reason why this came up in one of my office hours is because someone wanted to take photos with models of themselves, but they didn’t want to use the same model for every image. So it changes the face? So if you just change the face with the different poses. Make sure you airbrush that mom tattoo off your arm. So that was the theory, yeah. Yeah.

22:02
So yeah, I just feel like one of the things that I noticed when I was working in like Canvas AI and Mid Journey is that they can’t get the hands right. like I say lifestyle photos are probably gonna be much, quicker along than actual like full bodied humans. Now changing a face on something is probably a lot easier. In fact, I don’t know if you saw the ad for the new Google Pixel phone where it will let you take photos. then if you take, you know how when you take photos like in it you’re

22:32
you’re going to like your kids are dressed up for trick-or-treating, right? And you take like six photos, but like in one photo, one kid smiling in the next photo, the kids not smiling. You it’s like, you can’t get everybody looking at the camera at the same time. What appears from the commercial that I saw that like you can basically change faces from the different, like he looks good in this photo and she looks good in this photo. So we’re going to make the faces, you know, combine and it’s going to be a perfect photo based on a couple of photos. Oh, that’s interesting. Yeah.

22:58
What’s interesting also is I saw this commercial for DScript that I haven’t tried yet, but you know, and this is if you don’t want to buy a teleprompter. You can have it so that you’re looking at a script and just reading it from it with your eyes slanted. And then it makes it look like your eyes are looking at the camera. Really? Yeah. That’s weird. Like just your eyes change? works really well. So yeah. So you look at the camera like I’m looking at it right now.

23:27
But you have the script off to the side and you’re just reading it like this. But then in the AI, your eyes are normal. In the AI, it looks like you’re looking at the camera exactly. Like moves your eyeballs or something. I mean, that’s good tool for sure. that’s, although just by a teleprompter, they’re not that expensive. No, no, no. I was considering, you know, trying Descript just for that because sometimes a teleprompter is a pain in the butt.

23:55
Like I need this whole rig and setup, right? Whereas with this, all I need is a camera. Like I can do it just like here and just have it like this. Teleprompter is bulky. Like I bought a portable teleprompter just for that exact reason. But the portable teleprompter isn’t even that portable. You know what I mean? Yes, I think I’ve seen it. yeah. Okay, another tool that I have played with off and on and you and I disagree.

24:24
vehemently on this one is the Adobe Audio Enhancer AI tool. Yes, I love that tool. I hate it. So I don’t know what the deal is, but every time I try to use it, there is some in some point of the recording a 17 second garbled demonic voice that comes through in the editing. And I don’t know what it is because it’s not like there was something in the original recording.

24:52
But it’s happened like three times for me. So now I’ve given up, although I will say the rest of the recording without the demonic voices is very, very improved. Okay, so one thing you’re not telling the audience is that it only happens on your voice and the AI just brings out. Yes, it brings out. Your inner. The real me. Yeah, I think the quality of the audio once it’s run through there is awesome.

25:22
For sure. So I’ve used it three times in a published podcast. One time I used the wrong mic. I used my webcam mic and it sounded horrible and it made it sound great. Second time was for a guest that was taking it outside, like on the beach. I don’t know what they were thinking. There’s boats going by, planes, people like playing on the sand. Yeah, you’re like corn holes happening in the back.

25:50
Yeah, and it fixed it up and it sounded great. Okay. I can’t remember the third time it always happens when I Oh, I remember the third time was when I was interviewing a guy and there was like all this like mad echo where he was. He was like in a in a room where with no carpet or anything. Do you tell people go into a canyon when we do our podcast? Well, what happened was he was in the office. It was just kind of loud. So he’s like, Hey, let me just go to a quiet room. Okay.

26:19
So we went into a quiet room, which was like the size of a phone booth, I think. And there’s echoes all over the place. And it did a great job with that too. I have gotten the demonic stuff before. And I’m trying to think, I think if you feed it audio from like multiple people talking on the same channel, it will mess up more. But if you give it just one person’s audio, it works actually pretty, I haven’t really had a bad experience with it.

26:49
Okay. I take your word for it. So one tool that I have not played with, but I’m excited to mess with it is the Canva AI. It’s like Canva magic. I know Charles in our course has played around with it a little bit, but that’s one of the ones that I am excited about. Have you played with it yet? I haven’t. And mainly because I don’t do my own images anymore. So I’m only in Canva to download.

27:16
But I’m excited to look through it because I do want to talk about it with a course. I think it’ll be, mean, most people that we know use Canva already. It’s kind of their main design and editing tool at this point. And so I think that all the extra, I mean, Canva is such a cool tool in general. Like the more I learn about it, the more I’m impressed with just the platform in general. But yeah, that’s one that I haven’t tried, but I’m excited to try. So one thing that I’ve been looking into and haven’t put it into production yet,

27:46
is an AI tool that automatically generates B roll for your video. Oh, I haven’t heard about this. So one of the and this isn’t really a pain point for us because my video editor just grabs B roll from, you know, free sites. And then like I’ll I’ll film myself like typing or whatnot, you know, and give it to her. But what would be nice is if you just give it like a video and it just

28:14
I tried it. So the tool that I tried, I don’t know what it’s called now. It actually generates the whole video for you. You feed it a script and then it gives you images, B-roll and everything. And it just narrates and lays on top of it, your voice as well as like annotations. So what I was thinking to myself was, hey, this B-roll or the stuff that it chooses based on what you’re talking about is pretty good. So in theory, I could just download that clip and then just use those as B-roll in my YouTube videos.

28:45
So the tool to be explicit is not a B-roll generator. It is like a full YouTube video generator, which it doesn’t really do that great of a job, but it does pick pretty good scenes based on your script. So it’s good at matching what you’re saying with video. Correct. Yeah. That’s actually impressive because so much of, especially the English language is not real easy to do that with, right? Because we don’t speak correctly here.

29:11
Yeah, but to publish, mean, the goal of that tool is so you can publish faceless YouTube videos. I don’t think that’s there yet. Yeah, I don’t. I’m not a fan of the faceless YouTube videos, unless it’s a tutorial. either. There’s so much of that spam now on YouTube. Google must be having a problem taking it down. Yeah. So two AI tools that I have used and do not use anymore are the Clavio Subject Line Generator, as well as the Tailwind.

29:39
I don’t know what they call it, but they have an AI tool that helps you generate titles and descriptions. To me, it’s too much work. It’s easier to do it myself or use like ChatGPT than to do the 47 iterations. And for some reason, feel like Klaviyo’s subject line generator just gets it wrong. And it could just be the types of emails that I write and the clients that I have. But I feel like, especially if you’re an e-commerce, your brand is probably pretty nuanced.

30:08
Right? You have ways that you talk to your audience. And I feel like Klaviyo is not quite there as far as getting those nuances in subject lines. I’m pretty sure all those tools are just based on the same engine, right? So, you know, this is what I don’t like about AI. Like I was really into it for a little bit, but all of it just kind of goes into these large companies as engines, right? Everything that I feed it in ChatGPT,

30:38
is now chat GPT’s knowledge. It’s not like you can own the AI bot yourself. This is kind of why I put a halt on Stevebot because essentially I’d be sending all of my content that I’ve ever created, transcripts, everything over to Microsoft. It’s not like I own it anymore. So what about, we talked about the video tool that was doing the B-roll. You’ve experimented with, I think it’s called Opus.

31:07
where it turns your full length videos into shorts and you’ve been, they do a good job making the video, but the video does not perform well on YouTube. Okay, so Opus is something that if you feed in a video, it’ll take out clips that are interesting. I think it does a great job of that. Yeah. And I was thinking to myself, okay, great. I can just pump in one of my YouTube videos and it’ll automatically create me shorts for YouTube.

31:35
TikToks and reels for Instagram. And I tried this experiment for probably a full month and a half, two months maybe. And the videos, some did okay. And by okay, I mean like several thousand views, but most of them were like a thousand or less, I guess. And the reason why is because the tool can only do so much, right? It can pull out an interesting clip, but it doesn’t have a good hook.

32:03
Yeah. And if you do these short form videos, you know that the hook is everything. Yeah. So my new strategy now is to have the tool pull out interesting clips, which is the hard part, in my opinion. Right. And then I’ll just record like a two set at a five second hook for each one of those. Unfortunately, it means that I have to record something again, which is I haven’t gotten started with it yet. That’s going to go into effect this month.

32:29
So I guess the problem with that is, cause I was like, oh, we’ll just record your hook when you’re making the video, right? Just do the hook recording. However, the problem is if you don’t know exactly what they’re going to pull for the interesting clips, let’s just say your, your full length video is five ways not to get scammed on Alibaba, right? Like that’s your full length video. Well, if the clip pulls like all of point three,

32:57
and you make your hook on point one, then you can’t really pre-record the hook because you don’t know exactly what the tool is going to use. You know what? I was chatting with one of my YouTube buddies who was in my former mastermind group. And he was like, hey, you know what, Steve? Every section in theory of your YouTube video should have a hook to keep people watching. Oh, that’s true. So if you just adjust your script. So let’s say it’s five ways to whatever you just hit. Yeah, don’t get scammed on Alibaba. Right.

33:26
to not get scammed. So in front of each of those five ways, you have a hook into each of those sections. And that makes five clips. It takes more planning. I haven’t tried executing on that yet. But in theory, I think it would work. that’s true. Yeah, the rerecording part sounds like a drag for me. It is. So here’s what I’m. So right now I have my VA pull out all the opus clips in a transcript, throw it on a Google Doc.

33:56
And all I’m doing is I’m just adding a sentence hook to each one. And then I’m just going to batch record like 20 of them. You’re going to be like the radio, like, hi, I’m Taylor Swift and you’re listening to K92FM in Orlando, Florida. Exactly. But I think with planning, I could make my YouTube video more opusable. Yeah. Oh yeah. I think if you did it that way, I mean, it’s not hard to, you’re to quick change shirts.

34:24
Like, are you just going to wear the same shirt all time? I don’t care. I mean, this is why I dress the way I do, right? Same stuff. don’t have to think about it. You’ve given up on life. That’s why. I don’t know how you do it, Tony. Like, I rarely see you wear the same stuff twice. I know you just think that I have a plethora of clothing. Are you still doing Rent the Runway? I am. am. Although I think I’m going to pause it for a little bit because I don’t even wear to go. I don’t go anywhere. So it’s kind of silly. on camera though. you’re YouTube videos. Yeah, with the YouTube.

34:51
That actually that’s totally side note, but this is one of my dilemmas with starting up my YouTube for Happy Housewife is Rent the Runway is probably not the right clothes to wear on that channel. Why should you be wearing like beaten down clothes? Yes, yes. Can I have a prairie smock? And I just don’t think like designer dresses and shirts are probably the move with that audience. would personally it’s it’s like for me when I see someone

35:20
who’s like making a real or a TikTok who’s been married for like seven months and they’re giving marriage advice. It’s like stop talking or you have two toddlers and they’re like, here’s the parenting advice that changed my life. And I’m like, no, no, it hasn’t. You haven’t had a 14 year old girl. Like, so anyway, I’ve kind of feel like don’t, I’m not gonna listen to you when you’re wearing a thousand dollar shirt. Now, obviously it’s rented, right? It’s not mine. I didn’t pay a thousand dollars for it, but people don’t know that. So.

35:48
I feel like t-shirt and jeans is probably an appropriate… Well, I was thinking like your hair would be all disheveled. Right. I’m going to wear a bun, obviously. Just see if I can find a prairie hat. Glass is crooked. Yes. And then you come on. That’d be really entertaining. Anyway, that’s side note on that. But yeah. I like your idea. I think that’ll work. It takes planning. Yes.

36:11
I’ll try it for one of my next videos. Not all my videos are always like five ways to do this. Well, yes, I just was trying to think of one where you could potentially record the wrong way. Yeah. So any other tools for AI? You know, what’s interesting is that I, know, I never really thought of this as AI, but they brought it up in that session was like any to any time you’re using like many chat or the automated DMs. I mean, that’s truly like you’re using AI to communicate with your audience. I don’t consider that AI.

36:41
Really? And the reason why is it’s because you have to code in like the responses based on what how they respond, right? Yeah, that’s true. There is a way to combine many chat with real AI so they can have a real conversation. Interesting. This is kind of like way down on my priority list. Yeah, but you can have many chat, send an external request anywhere that you want, right? So you can have it send an external request.

37:07
through a little bit of glue code to open AI to chat GPT and have it respond it and then send that back to the person. Okay. In many chat. Interesting. Anything else you’re using? No, mainly for coding actually. Yeah. And then the scripting that we mentioned. Yeah. I use it for all subject lines and titles for my YouTube videos. So my go to prompt is write me 10 clickbait titles for this. Yeah.

37:37
and then I mash them all together. Here’s one thing that we’ve been using it for also, gift guides on Bumble Bee linens. Just having a VA go through Amazon pick out stuff that she likes and then just write descriptions for them. Interesting. Okay, I like it. Oh, that’s a really good idea actually. Now you got my… Well, I mean, it’s good for… Then you put the Amazon affiliate link in there. Right. Yeah, that’s a really good one.

38:07
So one of the ones that I told you earlier, I’d been using it to create formulas for Google Sheets, but there actually is a sheet GPT that I haven’t had a chance to, I started playing around with it the other day and then realized that it was definitely not high on my priority list. I was like, I can do that on a Saturday afternoon when I just want to like not get anything done. But yeah, I use it a lot for finding the formulas, which is nice because I basically just replaced Google.

38:32
Right? Like I, instead of Googling and waiting through it, the other thing is instead of waiting through 52 Google responses, right? And most of them are wrong or incorrect or not exactly what I need. Like chat GPT usually gives you the formula pretty quickly. I guess the last thing that I’ve been using or I shouldn’t say using I’ve been experimenting with is the Google search. Sorry. I can’t remember what it’s called. GSE. I can’t remember what generative search experience. Okay. You turn it on your browser.

39:02
And now the first entry in the search results is now an AI generated answer, along with links to posts where it actually grabbed that information from. I think the biggest problem with AI is you don’t even know if the answer is made up or not. Right. It still happens all the time. Even Bard, happens. I was surprised. Usually I use Bard if I want something that I know is factual, but Bard’s been spitting out all sorts of nonsense.

39:29
for some of the things, like provided I know a little bit about it. So with the Google search generative experience, it actually cites the sites. And maybe that’s a glimpse of what’s to come. Yeah. So one thing I thought was absolutely fascinating is I was talking to somebody the other day and they were telling me that they use ChatGPT for recipes. Like this is on a personal level. Like they say, give me a banana bread recipe, right, in ChatGPT. And to me it’s like,

39:59
What? Like I want a banana bread recipe from someone who’s made that exact recipe and it’s not going to be flat or taste like dirt or like that’s what surprised me. I can’t remember the conversation, but they weren’t alone in this. Like a lot of people are getting recipes from ChatGPT. And I’m thinking I would never get a recipe from ChatGPT because you don’t.

40:23
Like what are they doing? Just piecing together? Like, this is a basic bread recipe, so let’s add bananas. Like, I don’t know how they’re coming up with the information. Are they copying it directly off of a recipe site? Maybe. But that part I was like, no, I trust certain sites for recipes, like either because they, like on a recipe site, they have like ratings, right? Like 4,000 people have tried this recipe. And then there’s all these comments where like, well, I substituted this for that, or I added a half a teaspoon of salt or whatever. Like to me, that’s how you get a good recipe.

40:52
I can’t imagine just taking a straight AI answer for a recipe. See, that’s a great idea for a new YouTube channel, by the way. Oh, it is. I just had an amazing idea. I AI’d all these recipes, and you just try them on camera in front of everyone. talk about them. That’d be for a great channel. Yeah, OK, maybe I’ll do that instead. Well, that’s easy. You get endless content. Yeah, and maybe we’d have food that we can eat, and maybe we don’t. And then you make it really dramatic, like what?

41:22
They want to substitute applesauce for this. A bunch of faces like that on that. Yeah, that one surprised me because I feel like recipes are fluid, whereas a formula is factual, right? Or feeding in your own information and getting stuff back. A subject line is something that you can massage. And that’s what made me think of it is you said, you you take 10 subject lines and make one. I was, couldn’t think of an interesting subject line for the podcast yesterday about, um, we were talking about FinCon.

41:52
And I just was having like a blank moment and I couldn’t think of a good because we weren’t this. This isn’t the this is the episode we did before FinCon started. So we were basically talking about like why we attended this event and all the different like people we’ve met over the years and how it’s impacted our businesses and just nothing did it succinctly. You know, like I couldn’t get a succinct title. And when I started putting in prompts for the title, it was like, you know.

42:17
life changing, you know, what I was like, Okay, that’s what’s that’s too far. I love you PT. But that’s, you know, it’s you haven’t cured cancer for me. So yeah, I felt like I feel like, you know, you have to get 10 titles to come up with the one that you need. And so that’s why I feel like recipes is just crazy. mean, sometimes it takes me 30 or 40. And sometimes I got to switch it up. Yeah, but eventually I find something because it’s

42:45
It always comes up with language that I’ve forgotten that I should be using. Yes. Yeah. Like I used to have this cheat sheet, which I don’t use anymore. Yeah. Because chat GPT is now my cheat sheet. And I do like that it gives, because it did come up with some words that I was like, oh, that’s a really strong word. Like that’s a good word to use, but not the way they used it or it used it. I don’t know what, what, what’s chat GPT’s pronouns? Do you know? I do not know. I think what

43:15
You mentioned the experiment that Todd did. Yeah. I don’t know if it does that anymore. I think they took all that out of the he just I was going to he just it’s been the last month that he did it. Oh, really? OK. Yeah. Surprising. Yeah. It was it was interesting. I don’t know. I feel like, you know, we kind of started this year talking about AI and it was sort of this I think I think the title of the podcast is is AI coming for your job or something like that. And now that we’ve had a year basically of

43:45
using it, working with it, seeing how it works. I don’t know. don’t think for the people that were like, oh no, I don’t feel like it’s I think it’s going to affected people for sure. But it’s the same thing as like whenever, you know, they decided to figure out how to make a factory to fill a bottle of, you know, syrup versus people pouring it in with a funnel. Right. It’s just changes over time with new technology and inventions. I mean, we’re at one point right now. It’s just like dot com, right? The dot com bust.

44:13
All these companies went out of business in 2001 and then 2.0 came out and it was here to stay. think that’s where we’re at right now with AI.

44:24
Hope you enjoyed that episode. Now, if you like our style and you want to learn more about topics involving social media, YouTube, blogging, and building an audience, then subscribe to the Profitable Audience Podcast. For more information about this episode, go to mywebcoderjob.com slash episode 504. And once again, tickets to the Seller Summit 2024 are now on sale over at sellersummit.com. If you want to hang out in person in a small and intimate setting, develop real relationships with like-minded entrepreneurs, and learn a ton, then come to my event.

44:53
go to SellersSummit.com. And if you are interested in starting your own eCommerce store, head on over to MyWifeCrewDrived.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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503: A Fun And Profitable Side Hustle That No One’s Talking About (No Traffic Required) With Liz Saunders

503: A Fun And Profitable Side Hustle That No One's Talking About (No Traffic Required) With Liz Saunders

Today I’m thrilled to have my good friend Liz Saunders on the show. Liz is someone who I’ve known for over a decade now, and she actually helped Toni and I launch the Seller Summit way back in 2016.

In this episode, we’re going to talk about a cool new side hustle that can make you over $100,000 per year and it doesn’t involve any investment in inventory or advertising.

What You’ll Learn

  • How the Amazon influencer program works
  • The easiest way to make Amazon affiliate revenue
  • A tool that helps you find video review opportunities on Amazon

Other Resources And Books

Sponsors

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Transcript

00:00
You’re listening to the My Wife, Quit or Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into what strategies are working and what strategies are not with their businesses. Today, I’m thrilled to have my good friend, Liz Saunders on the show. And in this episode, we’re going to talk about a cool new side hustle that can make you over $100,000 per year that does not involve any investment in inventory or advertising. And in fact, you don’t even have to learn how to drive any traffic at all. And I’m sure you’ll find this episode super interesting.

00:30
But before we begin, wanted to let you know that tickets for the 2024 Seller Summit are now on sale over at SellersSummit.com. The Seller Summit is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. Every speaker I invite is deep in the trenches of their business

00:58
entrepreneurs who are importing large quantities of physical goods, and not some high-level guys who are overseeing their companies at 50,000 feet. I personally hate large events, so the seller summit is always small and intimate. Every year, we cut off ticket sales at around 200 people, so tickets sell out fast, and we’ve sold out every single year for the past eight years. Now, if you’re an e-commerce entrepreneur making over 250k or $1 million per year, we also offer an exclusive mastermind experience with other top sellers.

01:26
The Seller Summit is going to be held in Fort Lauderdale, Florida from May 14th to May 16th of 2024. And right now, this is the cheapest the tickets will ever be. Also, if you haven’t picked up my Wall Street Journal bestselling book, The Family First Entrepreneur Yet, it’s actually available on Amazon at 38 % off right now. My book will teach you how to achieve financial freedom by starting a business that doesn’t require you to work yourself to death. Plus, you can still grab all my free bonus workshops on how to sell print on demand.

01:56
and how to make passive income with blogging, YouTube, and podcasting when you grab the book over at mywifequitterjob.com slash book. Go to mywifequitterjob.com slash book, fill out the form, and I’ll send you the bonuses right away. Now onto the show.

02:15
Welcome to the My Wife, Her Job podcast. Today I’m thrilled to have my good friend Liz Saunders on the show. Liz is someone who I’ve known for over a decade now, and she actually helped Tony and I launched Seller Summit way back in the day. She was the former chief of staff over at Jungle Scout. But today we are going to talk about a company that she recently started called Fluencer Fruit that helps to facilitate a pretty cool side hustle that involves making money from Amazon.

02:44
that does not require any upfront investment in inventory, doesn’t require any money for advertising. And you can just pick up your phone and get started right away. And you can make a couple thousand dollars a month or more. I think I’m sure Liz has some case studies where there people making a lot more than that. But with that, welcome to show Liz how you doing today. Hey, Steve, I’m doing great. Thanks for inviting me. It’s kind of fun to hear you like lay out our history like that. It’s like, oh, yeah, like it’s been a long time. And we’re doing a lot of fun stuff.

03:14
I mean, I just remember those early seller summit days when we didn’t know what the hell we were doing. And you had a background in event planning. So was very helpful. Yeah, yeah. And it’s fun, Tony. And I have kind of like leapfrogged like working in and around and like on each other’s events. And so that was a it was a good fit. Liz, you had a pretty sweet gig at Jungle Scout. Yes. And so I am curious, how did your entrepreneurial journey led to where you are today? Because you could have just kept that really sweet gig.

03:43
and lived a pretty cushy life. So it was really funny because a mutual friend of ours, right after I told them that I had left, sent me a text and he was like, congratulations, that’s so exciting. I won in. Whatever you decided that you would leave that cushy spot at Jungle Scout for seems really exciting. And I was like, yeah, I did this. And then I was like, oh my gosh, I left a really cushy spot at Jungle Scout to do this. It was like that moment of like, what did I do?

04:13
So when I started at Jungle Scout though, it actually like I met Greg at seller summit, right? So we can draw it all back to, you you Tony and seller summit. But when I met him, I was running my own company. So like from the entrepreneur side, right? I was doing like event logistics. I had a booking agency for sellers. I had just started selling on Amazon after taking your course and

04:38
You know, so when I started with Jungle Scout, that was where I was at. Like I did that because the season of my kids truthfully was in a season where I needed to come in off the road and I needed like a little bit more stability to my income. Right. And so spent six years at Jungle Scout and loved every minute of it. Like it’s such a cool team. was so much fun to be there from like person number 30 until like over 300. Like it’s very cool season to be there.

05:05
Um, but after I was introduced to Amazon influencer, like 18 months ago, I started seeing like this kind of blue ocean of opportunity still in the Amazon ecosystem, which is something I’m very familiar with. And initially I set it up as like, this is going to be a side hustle. I’ll do a Chrome extension. I can do this on the side. And then I was like onboarding people at seven o’clock in the morning and 10 30 at night. And I was like, Oh, I need to go do this full time. And so.

05:33
Greg and I worked on a transition plan together to go back. And so that’s kind of like the short version of how we got there, but that’s where we’re at. Okay. Well, let’s talk about this side hustle and exactly how it works. Cause I’m sure most of the people listening don’t even know that this business model even exists. So describe the business model first before we get into your tool. Absolutely. So Amazon influencer for the purposes of our conversation, I just always ask people whatever.

06:01
comes to mind when you think of the word influencer, I just want you to put it on a shelf for this conversation because the Amazon Influencer program is an offshoot of the affiliate program. So affiliates being the people pushing traffic to Amazon, but the influencer program lives on Amazon. So it’s content that is created by people who have been approved for this program. And we upload content, shoppable videos about product listings, shoppable photos, vertical shorts,

06:30
Amazon lives, like all of those types of content live inside the influencer program. But the unique thing is Amazon places these UGC content basically on product listings in the inspire feed, in the discover feed, and it’s all about products that exist on Amazon. So influencers aren’t necessarily driving traffic to that product listing, but we’re making

07:00
a small percentage off of traffic that already exists on Amazon. So it’s a pretty unique program. like to think of it like a reverse influencer because Amazon is actually driving traffic to your videos and you are getting paid for it. Correct. That accurate? I think of it as like slightly incentivized UGC. Yes. Yeah. Yes, which is actually becoming big and big bigger and bigger outside of Amazon as well. can just sign up and get paid to

07:28
hold a camera and just promote a product where you don’t have to post it on your own channels. The content is just sold. Liz, I know you were doing this before you started your company, Fluencer Fruit. How much are you making just doing this? You’ve made thousands of videos at this point. I don’t know what the number is. No, so I work with influencers that have done thousands. For my account, I use it more as like a test because quite honestly, like so I’ve done hundreds and my highest month was

07:57
over 1500 somewhere in that ballpark. And I do a lot of testing in my account. like, does it work to work with agents who are, you know, reaching out to you with exchange products? Does it work for vertical shorts or do the shoppable photos turn around? Like that kind of stuff, like which product listings do the best. And for last summer, I took like three months to see how passive of an income it could be. And I didn’t touch the account.

08:26
which is so much fun to play with, right? Like just, there’s so many ways you make money in the Amazon ecosystem that it’s just fun to kind of sit back and like play with it and see like how it all works together. So yeah, we’re at hundreds and a couple thousand in a month. And I’m curious, like for your largest clients, can you, I know you probably don’t have the exact number, but what is ballpark the potential that you can make with this at a passive level? Yeah. So my clients who are doing this full time and

08:55
I can point you to the YouTube channels because they’re even public with their numbers, but the ones who are buying with the intent to review and this is like their focus, they’re pulling between 10 and $15,000 a month right now. Wow. Yeah. That’s nuts. Okay. All right. So that sounds exciting. Yeah, it is. It’s very cool. What do you need to get started? So first of all, how do you even get accepted into the program? Yeah. So

09:21
there’s actually two different ways. And the one is like, if you go to the site, and you’re looking for apply for influencer, it’s a tick tock, a YouTube and Instagram or a Facebook following somewhere, Instagram and Facebook, they have to be a business account. So it can’t be like you and all of your friends, it has to be like something that you’ve built as a business account. But there’s a Facebook though, does a page count? Or does it have to be a group? A page counts, right? A page counts as long as

09:49
So the thing that Amazon is looking for, they don’t tell us like, you need a thousand followers. They tell us that we’re looking at your follower count and your engagement. So like when I look at a lot of pages, most people are not as active on their pages as they are in their groups, right? In your group, I think has to be public so that Amazon can actually see how much engagement there is. So there’s a couple different like things in there where it’s like, this is important, but like even with

10:18
Instagram, when I got approved with like 2700 followers on like my health and wellness food journal Instagram, right? But it’s really active. So like I have a lot of engagement. So it really is. I don’t want say it’s less about your followers because they don’t give us minimums, but we’ve seen people approved with pretty low follower accounts from an over like with the high level number of influencers that we have that have millions and millions, right, of followers.

10:46
you can get in with a pretty low number if your audience is very engaged. What does that mean exactly? What’s a high level? comments, like, we don’t have exacts in this, but I would even venture a guess of like, how much you’re posting. So like, if your last post was six months ago, but it was really engaged, probably still not going to be a fit. Like they want to see regular engagement with your audience.

11:14
What is the lowest number of followers that you’ve heard of someone getting in? So like through the grapevine, I’ve heard people like with a hundred TikTok followers who have had, know it like TikTok right now is the easiest way to get approved. Okay. Like the stories that are coming out of like people who have these TikTok followings that are super engaged. But if you think about it, engagement numbers on TikTok are really high right now. Like if the algorithm hits and finds you your audience, you can have a pretty low follower count.

11:43
and have a ton of comments, a ton of likes, decent number of posts, because it’s not as highly produced as some of the other types of content that are available, right? So, you know, that’s not a guarantee, because we’ve seen people with 100,000 people on a Facebook page get turned down. Huh? So yeah, I mean, 100 followers on TikTok, that’s like one video. Right? Right. Or potentially? Yeah. Yeah. Okay. So let’s say I have

12:12
you know, one of those accounts, is it just a matter of me applying on the Amazon website? Yeah, it takes like 10 minutes, I think, basically, you go through and you do like a single not a single sign on, but whatever the connection is in the back end. And they will approve you for the program almost instantaneously. So that’s like, in or out is like, as you do the application, basically, they must have some set algorithm then right? For what they look for? Yeah, okay. And do you have to submit one?

12:41
platform or can you submit like a whole bunch? You have to submit one, but you could retry with another if you don’t get in. Okay, got it. Yeah. All right. And then once I’m in, what’s the next step? So once you’re in, this is really interesting because they then you can create your storefront. So if you’re pushing traffic there, you can have a consolidated place for content. But the real money in influencer is made once you’re approved for additional onsite placements.

13:10
And in order to do that, you have to upload three shoppable videos. And then we just tell people like, upload your three and then walk away. You just have to wait for Amazon to approve you because that puts you into the queue to be approved for that. And that’s where you get product listing placement. That’s where you get inspire. That’s where you get discover. They’re now testing external placements. mean, like the placements that Amazon is testing right now is wild. Like you’ll

13:37
just look at something in your app and it’s like, oh wait, there’s my picture. Like it’s awesome. So let’s talk about these first three videos. Do I literally just find something that I’ve bought, pick up my phone and just start talking? Yeah. Yeah. Like I recommend in your like first three, just don’t overthink it. Like if you’ve got something on sitting on your desk that you can talk about, like this is my lion latch. This is what I use it for. And like just talk directly to the camera and like,

14:07
show the product, that’s like the best way to get started. I mean, am I giving it a review or am I just like talking about it? So that’s a great question. And actually people do both. So they don’t call them video reviews anymore. They call them shoppable videos. But if you think about like Amazon’s purpose or Amazon’s focus is always the shopper experience. So if you think about as a shopper.

14:34
What would provide value to you when you were looking at a video from somebody who already has the product? Are they answering a question that you already have or that you have before you buy it? Are they showing you like to scale how big the product actually is in their hand? Like we’ve all bought something on Amazon or somewhere on the internet where it’s like you thought it was going to be bigger or smaller and then it got there, right? Do you just want to see what’s in the box? So people do unboxing videos. People talk about like

15:02
quality, I usually try and include one piece of like, constructive feedback in my videos, just because I think it adds like a little bit of depth to it. It’s not like, oh, I’m just trying to sell you this. It’s like, this is something I wish it did differently, you know, whatever the case is. So it doesn’t have to be a review. I sometimes say like, I recommend this if you’re looking for this type of a product or you know, those sorts of things. So it’s just kind of like any of those things, whatever provides value to the shopper.

15:30
I mean, presumably these first three videos are in place and Amazon is judging you, right? Is it an approval process essentially? Yeah. So this is the time when Amazon looks over your content with like a fine tooth comb. So the less you have in there, the less they have to review, the simpler you can be, the better, right? Like, so give me some guidelines. How long should this video be? So Amazon’s guidelines are anywhere from six seconds and up.

16:00
Once you get, like I wouldn’t do a YouTube video, this is not 10 minutes. For your first videos, you definitely wanna be shorter. But I would say 45 seconds is kind of about where I recommend people hit. If you’re like me and you’re verbose, that’s gonna be tough. Just try and be concise and just talk about one thing that you like about the product or whatever the case is. For the people that have been rejected, how did they screw up? So the things that we see most often are like medical advice, like this is eco-friendly, that’s, or,

16:30
I forget what the one phrase is. It’s like eco-friendly or something like that that people get flagged for, even though it’s not medical advice. It’s like bio something. They don’t like those kinds of words. Personal information. Keep your background clear, right? Like as plain as you can be. Cause a lot of times Amazon’s AI like picks up like your address or a QR code or a barcode from like an old Amazon box, like all of that stuff.

16:56
Those are probably like the top two that we see like, and don’t mention pricing. Like it has to be evergreen content. So whatever you paid for it, the remember the seller can always change the price. So you can’t say anything about pricing, discounts, any of those things. How long does it take for them to let you know that you’ve been accepted? So this is so funny. Like, it’s kind of like we’re in that wild period where it just kind of depends. So like,

17:24
Currently when you and I are having this conversation two to three days. Oh, that’s pretty fast. Yeah. When I got approved, it was four weeks. That was a year and a half ago. The beginning of this year, it was eight weeks. It took so long. So, but now it’s like two days. I’m like, everybody should apply immediately and try and like get approved because two days is nothing like in the event that you get rejected. Are you allowed to keep trying until you get in? So

17:53
The onsite placement is a little bit different. Applying to the program, yes, apply as many times as you want. On-site placement, you have three tries and then you are done. So you have to be real cautious. That’s why I always tell people short, sweet, simple, just you and the camera and then one product. What was the other thing there? It’s like, and…

18:17
don’t upload more than three videos because if you upload five videos, then now they’re combing five videos. If you upload three, which is the requirement, they’re only combing three.

18:28
I just wanted to take a moment to tell you about a free resource that I offer on my website that you may not be aware of. If you are interested in starting your own online store, I put together a comprehensive six day mini course on how to get started in ecommerce that you should all check out. It contains both video and text based tutorials that go over the entire process of finding products to sell all the way to getting your first sales online. Now this course is free and can be attained at mywifequitterjob.com slash free.

18:57
just sign up right there on the front page via email and I’ll send you the course right away. Once again, that’s mywifequitterjob.com slash free. Now back to the show.

19:09
So you upload your three and then you just wait is what your advice is. Yep. Okay. All right. Let’s get to the fun part. Okay. So let’s say you’ve gotten approved. Okay. Do I just start randomly reviewing everything that I get or is there like a strategy to this? So there’s a couple of strategies, but of course one that I love the most. Um, so initially when you’re getting started, yes, just go around your house and look at like what you’ve got and start creating content. Right? Cause as you know,

19:36
especially if you’ve not done this type of content, you just get more more comfortable as you go. And then as you get better at it, there are things on a product listing page that help you know if that page is set up for a creator content. And so as an example, this really changed the way that I shop for items around my house, right? So if I look at a product listing page, I know that in that upper main carousel,

20:04
there’s the opportunity for a seller to have a product video. If they have a product video, it creates a pop-up video carousel. In that pop-up video carousel, there are six open spaces for sellers and influencers. So if the seller has uploaded that, they basically unlock that upper carousel, my videos that are in that top carousel do eight times better than my other videos. So.

20:31
Number one thing you’re looking for is that upper carousel that’s not full. Okay. And I’ve seen those carousels. They can have like five videos in them, right? Or more. So it’s six between brand and influencer. Amazon is currently also testing customer videos down below. Okay. But those don’t impact that top six spots. So basically if I’m looking at a product and I see that the entire carousel is full,

21:01
Do I pass on that product? Not necessarily. If you already have it in your house, my advice is always make the video. They’re not that long. They don’t take that much. If you’re buying something and you’re comparing two listings and one has a full carousel and one has five open spots on the carousel, I’m going to air towards the side of the one with five open spots. So in the event that the carousel is full, like, can you overtake those spots? Yeah, potentially.

21:31
Yeah. And do you happen to know how that works? No, we have guesses. mean, I can tell you kind of like, sure, anecdotally, I think it depends on how well you convert, right? So Amazon wants the people who are providing the most value for the shopper that gets them to make a buying decision as close to the point of purchase, right? So what we see is sometimes people will call it like the newcomer advantage, like Amazon, if you upload a video will test you.

21:59
this is what it appears like will test you against the other influencers that are in that carousel. And if you convert better, you’re, you know, they will keep you up there. So there are ways to do it, especially if you create really quality content and you can provide that value for the shopper better than somebody else. I think that’s how you win the carousel. So when you first publish a video, you will get some exposure, even if all the carousel spots are occupied.

22:29
It’s a possibility. I have to say that because Amazon controls all of the placements. So 99 times out of 100. Yes, I get an initial placement that sometimes I keep and sometimes I lose, right. But there are a couple like even that I uploaded on Saturday that it’s like I uploaded 17 and of the ones that had placement like, or had the ability to be placed, like eight out of 10 of them had placement the next day.

22:58
Right. Okay. So it just kind of depends. But then I have a my best performing is my hero skew, right? My best performing products. I’ve been on that upper carousel for the better part of 18 months now. Is that the tent? It’s the tent. It’s my shade tent. But I will check occasionally I fall out of the carousel. But then I have so far been consistently put back, I think because I convert really well there.

23:28
So let’s talk about the exact content then, because I imagine there’s like a strategy for creating the content that converts. Do have any tips there? My best tip is to be yourself and to answer questions that you had before you bought the product. Right. OK. Because ultimately, like if you try and push everybody into like some like do these eight things like it kind of like then that’s when we start seeing like, oh, people are playing the system. This stopped working.

23:56
right? Whereas if you just show up and you answer questions, or you speak to an FAQ on the page, or something that like, you know, different this differentiates this product from like another one that you looked at. That’s where it really becomes authentic. And I think that’s what Amazon is going for is they want that UGC of people who use the products. So do you want to be opinionated then? Or do you just want to be neutral? I would be neutral. Okay.

24:24
I think you can say things that you like. Like I will give my opinion, but I wouldn’t, I guess I would say yes, you want to have an opinion. I think when you say opinionated, I think of somebody who’s like, this is the best thing ever as opposed to like, this has been- Well, that’s what I was getting at because if you want someone to actually buy the product, right, then you’d probably want to focus on the positives and say, throw in a negative there, right, to get them to buy it. Does Amazon continue to monitor the quality of your videos after the initial approval?

24:55
So yes, they do. So like I still get occasionally when I got the other day was rejected because I didn’t realize like there was a license plate in the background, right? I had to go edit that out, right? So there’s still screening for those types of things. There are things that are terms of service non-compliant that we are seeing people get away with right now. And so I will say like, there are things that I think the AI misses, but I believe in Amazon form,

25:25
Kind of like when we see on the seller side, it will be like, oh, terms of service around written reviews, and they’ll do like a big sweep, right? I think we probably have a couple big sweeps coming to the influencer program for some of those things that like people are getting away with, but are not terms of service compliant. So yes, and there are still ways that people are getting around it. I mean, what I’m getting at is there’s no way to get unapproved, right? Once you get approved.

25:52
So we have seen people have their accounts suspended, but for terms of service violations, not for like, not for anything else at the moment. Okay. You have to be trying as far as I’m concerned, like just blatantly. Right. Okay. And then I’ve noticed when shopping on Amazon that sometimes the videos are horizontal. Sometimes they’re vertical. What are the guidelines there? So Amazon has in the past,

26:21
pushed for like the horizontal full commentary on the product. know, those videos that I would say just stereotypically land between that like one and five minute mark. But then in December of last year, they rolled out the Inspire feed in the shopping app. And when they did that, because it’s intended to be on your phone, right? Like they started asking for vertical short content. content that is under 30 seconds, so between that six and 30 second mark, and that’s shot vertically.

26:51
So now they ask for both, but for different purposes, but you’re still seeing both types of content surfaced in all of the different locations. My guess is that when Amazon has enough content to fully populate all of the different placements, that they’ll start pulling that apart where your horizontal content will only show up on your product listing pages and your vertical shorts will only show up in like the inspire feed.

27:19
So can I just film a horizontal clip in 4K and then just cut it to be vertical and submit the same exact video? Okay. And that works fine. Yeah. I would say if you were going to do that, that you just want to make the vertical one shorter. So you want it to clip so that it moves a little bit faster for like, if you think of like scrollable shopping, like TikTok, Instagram style. Right. Okay. All right. So I did want to ask you this because this is what Fluentz or Fruit is all about. Like, how do you find these options?

27:48
opportunities, what are your guidelines for these opportunities that so you already mentioned like if the carousel is not full, great. Right? What so am I just like clicking on each product and looking at the carousel? Or are there any other guidelines that? Yeah, total number of influencers on the listing makes an impact, obviously, right? Because if there’s already 10 influencers there, it’s much more competitive to try and get that top converting spot around that 4.4.

28:16
rating is about where I can mathematically tell you I can see my performance on that listing do better. There’s a couple other things like is it a sponsored listing because obviously if the seller is driving traffic that helps me in like the ways that I’m showing up. But to your other question like am I just clicking in and out that’s actually why I built Fluencer Fruit right because that’s what I was doing like every time I went to buy something.

28:41
I was like clicking into the listing, looking at all these things, seeing like weighing the pros and cons of like, well, it has open spots, but it’s not rated as high. And so I created Fluentzorfruit, which is the extension. So all of that information is pulled onto the search results page and it’s scored. So it’s a weighted score based on how much each of those factors impacts that product listings profitability basically, or how it performs. All right. So

29:11
If you wouldn’t mind, let’s enumerate some of those guidelines. You already said a rating of 4.4 or higher. You mentioned that you want to have at least a couple carousel slots open ideally. How many influencers would you like to see on the product at a maximum? a maximum, I look at two, but it kind of depends on how many brand videos there are. as the brand, you hypothetically could upload six videos and fill that entire top carousel.

29:41
Now I don’t recommend that because we know that UGC converts better, but sellers do it, right? So I’m looking at a combination of how many open carousel slots are there and how many influencers are on there. So like if I see that a brand has two videos and there are two other influencers, there are still two open spots on there. I’m probably good with that. My ideal is that there is a brand video only and no other influencers. And I can see that it sells pretty well.

30:11
Are you implying that you can submit more than one video per product though? Or is it one video per product? Oh, you can. Yeah. So like Amazon currently asks us for multiple types of content for each product. So like I’m doing right now a full shoppable video where we talk about the unboxing and the pros and like my constructive feedback in one that’s usually between like one and three minutes, right? But then I also shoot all of my B roll in

30:41
vertical and then just have it clipped into like a 30 second or less shoppable short basically. But both of those videos will show up in the carousel if there’s nobody else there. So you’re saying in theory you could occupy all of the carousel spots? Yeah, you just your videos. Yeah. All right. You know, one thing I forgot to ask you was the money involved. So in order to earn money from this, they watch your video.

31:09
and they make a purchase before any other clicks are made or? So we think that it’s last touch attribution. So if they watch my video on the shade tent and they make a purchase decision next, and that can be either the shade tent that I reviewed or it can be basically a shade tent competitor. So we have basically like a one click away.

31:36
related product commission. unlike affiliate where you have 24 hours of their entire cart, we get basically like related product within one reach of our content. What happens if I watch a video for your shade tent, and then I buy a 60 inch flat screen TV? Next click? Nothing. Not a related product for us. Unfortunately. What about like a picnic basket? I don’t have to be in the same category or you don’t know.

32:04
that they don’t tell us but from what I can tell from like the spreadsheets of like influencer videos versus like, it’s it’s got to be pretty much like, if I’m looking at my if I’m looking at my commissions, and I’m seeing things on there that I don’t have reviews for. It’s usually like, oh, I have this stepper under my desk instead of sunny health. They bought Nordic track or whatever the case is, or like I have a treadmill under my desk that I have a video for.

32:31
if they didn’t buy Go Youth, but they went and bought Nordic Track. Like they’re pretty close usually. So like I sell a lot of shade tents, whether they’re that shade tent or another one, there’s a lot of shade tents on there. What would have happened if you watched the video and then you clicked off and purchased together and you bought like three items, including that one. Do you get credit for the whole thing or just that one product? Just the one product. Just one product. question. I haven’t ever seen. Yeah, I think just the one product.

33:01
Okay, so in general, this is different from Amazon Associates, where you get the whole pot of the whole shopping cart. It’s just a single product. And it’s as far as you can tell the next click. Correct. Yep. Okay. Yeah. All right. Which if you think about it from Amazon’s perspective, I’m making money off of their audience. Right. So what I’ve always wondered, Liz is like, if someone clicked on an Amazon Associates link from someone else watched your video and then bought it, does Amazon pay out double?

33:30
So this is a constant like, debate in like the Facebook groups and everything. The truth of the matter is we don’t know. Both commissions come from that referral fee that the sellers pay when they make a sale regardless. So the answer is maybe both, right? Okay. But we don’t know. And then I wanted to let you finish because you said at first you were clicking around looking for products.

34:00
Tell us what what fluency fruit does. Yeah. So fluency fruit pulls all of that information that I know impacts the possibilities of how a shoppable video will do on that product listing and it creates a score and then it just basically pulls it all to your search results. So the cat, the extension will work on search results page best seller pages because a lot of influencers will go through the best sellers.

34:27
click through the subcategories, right? Looking for high sale options works on that works on your browsing history works on wish lists. like wherever you’re looking at, like what can I produce content for? It will always pull like the scoring as well as those does it have an upper carousel? How many influencers are on there? How many open carousel slots are there? Like to a place where it’s easy instead of having to like click in and out of every listing and then trying to remember.

34:57
And then in addition to like right underneath the listings, it shows that it also has a dropdown on any page you’re on that will score any products that are on that page. So if you go to a product listing and you’re like, this is close, but you you scroll down and Amazon has this one’s related, this one’s recommended, like it will score each of those as well. And then in the dropdown, it will pull all of that information into one place at the top of the page.

35:21
So basically, Fluent of Fruit just gives you all the potential listings that will maximize the chances of you hitting the carousel and making money. Correct. Yeah. What about as a seller? Let’s say I’m an Amazon seller. Does your tool provide any benefits? Like if I want more exposure to my product? So indirectly, if you were a seller and you just wanted to be able to peruse your competitors specifically and see how many like

35:49
influencers are showing up in different categories, you could definitely use it for that. The tool I think is really probably something that sellers would be interested in like what is there but it’s not necessarily that something that is going to or that is designed to help them specifically. Okay, the very interesting thing that I think about the influencer program in the way that it relates to sellers is more in like working with influencers, right? So like,

36:19
We’ve had this conversation, but if we start back in 2016, when incentivized written reviews were banned, and we draw a line all the way through, I think it brings us to here because influencers are FTC compliant, Amazon Terms of Service compliant. You can talk to us, right? Unlike Vine voices, you can have us like, tell us like, hey, this is the question I get most often, would you work with me on content for this product? Right? So

36:46
Like more than the tool, think the actual influencers are more interesting to sellers. Okay. No, that, that totally makes sense. Uh, I want to just kind of switch gears and talk about some success stories. I heard a story through the grapevine that people are getting in touch with Airbnb owners or brand new ones. They’re renting it and just going through and reviewing everything, putting it on. And that’s it. That’s their sole reason for getting the Airbnb. Yeah.

37:15
And then it’s a business expense, you can write it on it, right? And then you have a ton of content. Yeah, so I mean, I guess we still like the early stages of this. Yeah, I so there are a couple people who post about it, like publicly, there are a lot of people that have been doing it kind of like on the DL trying to like not let other people find out what’s going on. But yeah, it’s like

37:41
I think we’re still at the very beginning of this, right? If we look at Amazon holistically, but like the Airbnb thing, I think is really a cool opportunity. One, because it, you know, if you’re just launching an Airbnb, it gives you kind of like this other way to like work with influencers because a lot of those influencers are also like affiliates, right? So they’re not just creating on, on Amazon content, but maybe they’re also, you know, creating content around their travels a lot of times as well.

38:12
So it’s kind of an interesting way to work together. I mean, are there any creative ways that people are acquiring products without actually having to spend the money upfront for the product? Like if I want to do this at scale and I have to buy every product, that kind of sounds expensive because I can’t foresee making my money back right away. It’s more like an investment, right? Yeah.

38:34
So there’s a couple of things. One, there are groups of people who are at the point where like the investment is worth it for them, right? Cause they’re running ROI and they have pretty solid numbers around how long it will take them to recoup their cost, right? So there is kind of like that level of influencers working on this. For somebody getting started, who’s like, okay, I’ve gone through everything in my house. Now, how do I keep moving forward? There are actually agencies that are working with

39:01
sellers and influencers specifically to match them, where it’s not like this, the seller will send the product for free and then you’re getting an additional commission for your on site content. So those are some of the ways. The other thing is, you know, once you get kind of up and running and you have some content under your belt, if you just want like products to kind of review, there are tons of agents that will send them to you and you can run it through kind of like

39:29
let’s call it the fluency or fruit scoring system, whether you do that with the tool or without to make those decisions around, hey, they’re going to send me this product for free. Like, if that’s something that you want to do, I don’t think you’ll ever be at a loss for sellers or agents who want to send you a product for you to create content around. And you don’t have to be a verified purchaser in order to do this, right? No, okay. It can be something you bought at Target, as long as it has a

39:56
a listing on Amazon, you can create content for it. Okay. So if I were to just go to like a department store and just film the video right there for that product and just choose expensive products that wouldn’t work. That’s against terms of service. People do it right now, but it is against terms of service. I see. Okay. And in terms of just product costs, like I wouldn’t want to review like a $10 widget, right?

40:22
I would go into like the higher end. Is that a strategy or is that something you recommend or so kind of like, statistically, the people who are pulling 10 to $15,000 a month don’t spend a lot of time reviewing $10 widgets, right? Okay, like they’re, they’re reviewing things that are 100 500 $1,000 like regularly. Now, if you just thought, I can’t get up there, I don’t have stuff you’ve won, you have stuff in your house that costs that much, and you probably bought it on Amazon. But to neighbors,

40:53
Airbnbs. There was a trend, I don’t recommend this, but I’m going to call it out. There was a trend for a while where people were going to their like, you know, cluster mailboxes. Turns out you can also buy some of those types of equipment on Amazon, and they would go and review different like, ridiculous. I mean, like, but if you think about it, it’s like, it’s ridiculous. And also, like, it is a decent example of like,

41:19
Does the playground at your homeowners association have like equipment on it that you can review? Your kids play on it all the time. Go ahead and review it. You know what I mean? Like there are ways to record or to work with the products. They’re in that high end like echelon of products without having to buy them. Like I recently did a water slide and it’s like three to $5,000 and we were literally like out of friends basically. And

41:48
Like the kids are playing on this water slide. They’re like, come on, mom, I did it once. And I was like, I bet this is on Amazon. So like I filmed some video of us on it and then later did. But it’s in terms of sort of it, right? Like I have experience with this water slide, right? Like, first of all, it was awesome. That’s kind of what triggered it because I like legitimately loved it. But there are ways to like gain access to that type of product price point without being like, oh, I have to go spend

42:18
$5,000 this month, right? Right. Okay. That makes sense. And presumably right now it’s the wild, wild west. And if it’s anything like prior Amazon policies, they’ll probably crack down on this at some point. Yeah. Right. I mean, like you’re not allowed to show prices and you’re not allowed to do like screenshots of products, but we see a lot of like collages that are screenshots of products. The other day I saw an inspire video that was literally just screenshots with music overlaid of

42:47
product listings and it was like 10 things I should buy from Amazon. It was just like screenshots of the listing so they don’t even like, you know, that stuff’s all going away, right? Like we know Amazon well enough to know like that’s not gonna last but people are doing it. I mean, I can see some like mall employee working in a store just like doing these little films in the back closet for all their products. Make sure your price you don’t have a price tag on it. Yeah.

43:15
Yeah, no, I’m excited about this. Liz, where can people find out more about how to get started doing this and then more about your tool as well? Absolutely. So if you go to fluencerfruit.com slash my wife quit, I’ll have the resources all in one place. So how to get started. We’ve got a course coming out that if you have an audience will help you get started and up to the point where you are scaling your business.

43:43
and then also information about the tool there as well. Cool. Well, Liz, thank you so much. And I think this tool is good. And hopefully you quit that cushy job of yours for good reason. From your mouth to the universe here. Thanks, Steve.

44:04
Hope you enjoy that episode. Now, if you want to try this cool new side hustle, head on over to Fluencerfruit.com and use coupon code MyWifeQuit50 to get 50 % off the tool. For more information about this episode, go to MyWifeQuitOrDob.com slash episode 503. And once again, tickets to the Seller Summit 2024 are now on sale over at SellerSummit.com. If you want to hang out in person in a small intimate setting, develop real relationships with like-minded entrepreneurs and learn a ton, then come to my event.

44:34
go to SellersSummit.com. And if you are interested in starting your own e-commerce store, head on over to MyWifeQuarterJob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

502: How To Make Your First $1000 Dollars On Shopify (The Easy Way) – Family First Friday

502: How To Make Your First $1000 Dollars On Shopify (The Easy Way) - Family First Friday

In this Family First episode, I walk you through everything you need to know in order to get your first sales on Shopify without spending a lot of money.

Enjoy!

What You’ll Learn

  • The Bare Minimum That You Need To Have On Your Site
  • A Simply Traffic Strategy That Works
  • The Method Of Quickly Generating Repeat Sales

Transcript

00:00
For the past 12 years, I’ve worked with many new e-commerce store owners who are in my Create a Profitable Online Store course. And the number one problem I see with new Shopify store owners is the inability to get traffic to their websites. So in today’s episode, I’m gonna walk you through everything you need to know in order to get your first sales in Shopify without spending a lot of money. In fact, the strategies that I’m gonna teach you in this episode are somewhat unconventional, but they will help you make money no matter what you sell.

00:29
What’s up everyone, you are listening to the My Wife, Quitter, Job podcast where I teach you how to make money online by exploring different tools, strategies, and understand how to leverage human psychology to grow yourselves. Welcome to a special segment of the show called Family First Fridays where I go solo to give you my thoughts on how to make money without sacrificing your lifestyle. If you haven’t picked up my book, The Family First Entrepreneur yet, head on over to mywifequitterjob.com slash book, fill out the form and get over $690 in free bonuses.

00:59
Now for the purposes of this episode, I’m going to assume that you’ve already figured out what you want to sell, you have some product in hand, and you already have a website up and running. And at this point, your number one goal is to drive traffic to your website and to generate some sales. And to do that, you need a marketing plan. But before we get into the details of that, the absolute first thing you need to do is figure out whether your website is good enough and trustworthy enough for the average consumer to want to buy from you. Now I’ve been teaching e-commerce for a long time,

01:29
and I’ve heard practically every complaint under the sun. Hey Steve, I’ve driven over 5,000 people to my site without a single sale. What am I doing wrong? Steve, I’ve gotten a ton of product views and even a few add to carts, but no sales. Well, here’s the problem. 99 % of the time, and I’m not even exaggerating this number, the problem is a poor converting website. If you’ve never designed a website before, your first iteration is probably going to be pretty bad, especially if you don’t know what to look for in a good website.

01:59
So I’m going to start by telling you the bare minimum that you need to have on your site. So first off, you need to have a phone number, a real physical address, and a free shipping policy for your store. Because when you first launch your online store, no one will have ever heard of you before, so they’re going to be skeptical that you are even a legit business. And the very first thing someone will look for is a phone number, address, and contact information. I guarantee it. If they don’t find this info, they’re probably going to bail.

02:27
Basically, people want to know if there’s a way to contact a real human in case something goes wrong. After all, you are an Amazon and people need reassurance. The second thing you need on your website are testimonials basically proof that someone else has actually shopped and bought something from your store in the past because people are like lemmings and they need to see that someone else has shopped in your store before they buy. So just go up to four of your close friends, give them some free product and have them write a testimonial for your store.

02:57
And for bonus points, ask them if you can use their photo on your site as well. And if you can get a friend with any sort of credibility or authority, even better. Then paste all these testimonials on every page of your website. Make sure that everyone sees your phone number and your address. And if you’re worried about anyone calling you at this point, don’t. Just get a Google voice number and just say something along the lines of, thank you for calling my shop. All of our operators are busy right now. If you need immediate assistance,

03:25
please send a text to this number or email this email address and we’ll get back to you ASAP. By the way, if you’re enjoying this episode so far, make sure you sign up for my free six day e-commerce mini course over at mywifequitterjob.com slash free. Finally, make sure the product descriptions and the copy on your website is enticing. Think benefits, not features. Make sure you talk about why your store or your products are different and make sure people understand why they should buy from you and not the competition.

03:55
Now once you think your website is ready to go, it still probably isn’t ready. Go to PickFu and launch a quick poll. PickFu allows you to poll 50 random people about your website for about 25 bucks if you use the coupon in the show notes. All you gotta do is say something like, pretend you like the products in this store. Would you shop here? And do you find the store trustworthy? If not, why? Here’s a URL. And within minutes, you’ll get 50 people leaving you paragraphs of feedback. Now if the majority

04:25
If these random people find your store legit, you’re finally ready to start driving traffic to your website. But do not proceed to the traffic step until your website is ready. All right, so in terms of your traffic strategy, it really depends on what you sell. But one of my favorite free strategies for traffic is to find out where your customers hang out on Facebook. Now, most people don’t realize this, but there is a Facebook group for practically every possible topic in the world. For example, if you sell fishing supplies,

04:53
there’s a Facebook group full of fishermen. If you sell wedding supplies and accessories like I do, there are tons of bridal groups on Facebook. In fact, I challenge you to give me a product that doesn’t have a customer base on Facebook. Leave me a product in the comments and I’ll tell you where to find your customers. Now, once you’ve found some Facebook groups, you should join and ingratiate yourself within the community. And whatever you do, don’t just start pitching your products left and right or else you’re going to get banned. Instead,

05:21
spend three or four weeks answering other people’s questions and actually helping out others in the community. And if you’re active enough, the sysadmins will soon realize that you are an upstanding member of the community and give you a little bit more leeway as to what you can post. And then when you feel you are ready to start a light pitch, all you have to do is say something like, hey, I’m thinking about using these handkerchiefs for my wedding. What do you think of these? Oh, by the way, I have some extras. Let me know if any of you guys want them and I’ll give them to you for super cheap.

05:51
This strategy works extremely well for even the most random products. One of my friend’s 14 year old daughter was selling opossum pins. So she posted some of her designs in popular opossum Facebook groups. And when people loved her designs, she casually mentioned that she runs an Etsy shop and started making over a thousand dollars a month as a high school student. My wife and I launched our online store. I was very heavily involved in the wedding forms. And whenever a would be bride had a question about anything, I would do my best to answer her question.

06:20
In fact, I was like a mini encyclopedia of wedding venues, flower shops, gift shops, you name it, and I would help people in the community. And then sometimes I would casually ask what people were using as there’s something blue for their wedding. And then I would suggest some of our blue hankies. You get the point. This method and this method alone is enough to make you a couple thousand dollars a month. In fact, my friend Vivian Kay of Kinky Curly Yaki made over a million bucks by selling her hair extensions solely to women she found on Facebook groups.

06:51
Do not underestimate the power of community. The next method of quickly generating sales is by running a giveaway to collect email addresses. Now before you roll your eyes and close this podcast episode, I want to show you a very unique way that I run my giveaways where I can easily control when to start and stop my giveaway and ensure that it is profitable. Now the way I run all my giveaways today is through an evergreen Facebook Messenger giveaway. So what’s different about a Facebook Messenger giveaway as opposed to a regular giveaway?

07:21
Well, unlike a traditional giveaway, Facebook Messenger giveaways are completely automated and run on their own. As a result, you only have to set up your giveaway once and you can run the same giveaway as many times as you want. Winners are selected automatically and award redemptions are handled in an automated fashion with your shopping cart as well. So basically, Facebook Messenger giveaways are hands off and generate you both Facebook and email subscribers on autopilot. Now, in order to run a Messenger giveaway,

07:49
you first need a software tool like ManyChat to help you set up a Facebook Messenger chatbot. Now, if you aren’t familiar with the term, a chatbot is basically like an AI robot that runs your entire giveaway for you on autopilot. Basically, your chatbot is responsible for collecting emails, selecting winners and losers, and sending winners a link to redeem their prize. Here’s how it works. You first set up a Facebook Messenger ad to drive traffic to your Facebook Messenger bot. So for example,

08:18
Let’s say I’m giving away a personalized ladies handkerchief. For best results, you should always give away something that you actually carry in your store. That way, you know that people are actually interested in the products you have for sale. Now in the case of my handkerchief giveaway, no one would enter a personalized handkerchief giveaway unless they genuinely liked handkerchiefs. Now once someone clicks on the ad, they are taken to a bot, and once they click yes, they immediately become a Facebook Messenger subscriber, and then afterwards,

08:46
I immediately hit them up for their email address to complete the giveaway signup process. Now what’s nice about Facebook Messenger is that the email address is pre-populated on the screen, so no typing is required. This boosts the conversion rate for mobile users tremendously. Now after a user taps their email, they are presented with an enticing offer that is related to the giveaway prize. And done correctly, the post giveaway special offer should pay for the cost of running your Facebook ad. And the cool part,

09:15
is that for 23 hours, your chat bot automatically decides whether the customer wins or loses, and the odds of winning can be set however you like within ManyChat. For example, if you feel like you’re giving away too much product, just dial down the odds of winning. And if someone does win, they’re automatically sent to a special page to redeem their prize, whereas losers are presented with a consolation coupon. Now, depending on your offer and your audience, you can get new Messenger and email subs

09:43
between 25 and 75 cents a piece. Meanwhile, your special offers and your giveaway email sequence should generate sales during the giveaway, which should pay for the cost of advertising. But it doesn’t end there. Once you have their email, you should put them on a special email autoresponder flow that markets your products to a customer on autopilot. Here’s a hypothetical five email sequence. The first email can present them with a special consolation coupon to shop at your store. The second email can be your brand story.

10:12
and your unique value proposition. Basically, you’re telling people why they should buy from you. The third email can suggest bestsellers and product recommendations in your store. The fourth email can show off your testimonials and your social proof. And the fifth and final email can point people towards your social media channels. Basically, this email sequence should convert a percentage of customers, which will allow you to break even or make a little bit of money on your giveaway ads. Meanwhile, you are building a customer list essentially for free

10:41
that you can market your products to. And with just these two strategies alone, you should be able to make $1,000 a month with your online store easily. Now that you know how to generate your first sales, make sure you listen to my other Family First Friday episode to learn how to hit seven figures and beyond.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

501: Student Story – Making 7 Figures Selling Farmhouse Home Decor With JK Beaton

501: Student Story – Making 7 Figures Selling Farmhouse Home Decor With JK Beaton

Today I’m thrilled to have JK Beaton on the show. JK is a longtime student of my Create A Profitable Online Store Course and he runs a seven figure business selling home goods over at SaratogaHomeOnline.com.

In this episode, you’ll learn how he got started and how he continues to scale his ecommerce business. Enjoy!

What You’ll Learn

  • How JK made his first organic sale
  • A deep dive into JK’s home decor business
  • How to create a successful kitchen storage business from scratch

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Transcript

00:00
You’re listening to the My Wife, Quit or Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into what strategies are working and what strategies are not with their businesses. Today, I’m thrilled to have JK Beaton on the show. JK is a longtime student of my Create a Profitable Online Store course who runs a seven-figure business selling home goods over at saratogahomeonline.com. JK is an amazing person who I’ve hung out with on several occasions at the Seller Summit, and I’m happy to call him a friend.

00:28
and in this episode, you’ll learn how he got started and how he continues to scale his e-commerce business. But before we begin, I want to let you know that tickets for the 2024 Seller Summit are now on sale over at Sellersummit.com. The Seller Summit is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS,

00:53
Mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. Every speaker I invite is deep in the trenches of their e-commerce business, entrepreneurs who are importing large quantities of physical goods, and not some high-level guys who are overseeing their companies at 50,000 feet. I personally hate large events, so the Seller Summit is always small and intimate. Every year, we cut off ticket sales at around 200 people, so tickets sell out fast and we’ve sold out every single year for the past eight years.

01:23
If you’re an e-commerce entrepreneur making over $250k or $1 million per year, we also offer an exclusive mastermind experience with other top sellers. The Seller Summit is going to be held in Fort Lauderdale, Florida from May 14th to May 16th, and right now this is the cheapest the tickets will ever be. Also, if you haven’t picked up my Wall Street Journal bestselling book, The Family First Entrepreneur yet, it’s actually available on Amazon at 38 % off right now.

01:49
My book will teach you how to achieve financial freedom by starting a business that doesn’t require you to work yourself to death. Plus, you can still grab my free bonus workshop on how to sell print on demand and how to make passive income with blogging, YouTube, and podcasting when you grab the book over at mywifequitterjob.com slash book. So go to mywifequitterjob.com slash book, fill out the form, and I’ll send you the bonuses right away. Now onto the show.

02:20
Welcome to the My Wife Quitter Job podcast. Today I’m thrilled to have my longtime student and friend, JK Beaton on the show. Now, JK signed up for my class back in 2017, made his first organic sale on July 9th, 2017. And today he runs a seven figure e-commerce business over at saratogahomeonline.com where he sells kitchen storage products. Now, what I love about JK is that he’s constantly learning.

02:48
and always willing to share his knowledge and he’s an open book. In fact, he often helps other people with manufacturing, sourcing and logistics as well. And I’m so glad that we had the opportunity to hang out at the Seller Summit these past couple of years. So in this episode, what we’re gonna do is we’re gonna take a deep dive into his business and learn more about how he’s managed to create a successful kitchen storage business from scratch. And with that, welcome to the show, JK. How are you doing today, man?

03:15
Steve, thank you so much for that great introduction. I’m doing great. Excited to be here and share with everyone. I’m so glad you resurfaced that Facebook post. I had a good chuckle when I saw it actually. Yeah, you know what I did a little reaching back into the history of the company in preparation for chatting with you. And that post came to mind. like, think that because I was thinking when was my first sale, and I brought it up and it was such a

03:45
trip to look back and see people who I call friends today. So Amanda Wittenborn and Natalie Mountor and you of course commenting on the post back then and seeing where things are at now. It’s, yeah. That’s amazing. Yeah. So just for everyone listening, I think you wrote something like you were jumping for joy at your first sale. I can’t remember the exact words you used. Yeah. It made me jump. Something like that. And I mentioned my son who was three at the time. He’s now nine.

04:16
I have two more children, so three total. so, yeah, things have evolved not just in the business, but in my own life outside of that as well. So JK, just please tell the audience about your store, what you sell, and how you got started and kind of like your motivations for starting in the first place. Sure. So I started, like you said, this business and it was late.

04:41
2016, we were vacationing, my wife and I and my oldest son, Pascal, in California, in Saratoga, close to San Jose. And I had tried to start, I think six businesses prior. And I was just recently licking the wounds of having my most recent business, an export-based business going the opposite direction, Canada to China.

05:11
not working out and I was looking for a different business model, something that I would have full control over. the motivation was really freedom of time. So freedom of my own time, freedom of time to spend with my family. love something I’ve always loved about the corporate world and that I continue to love is having a team.

05:40
Um, so I really appreciated having my team back when I worked in, uh, in corporates, uh, I always hear corporate America. in Canada, so corporate Canada. Yeah. But yeah, I always loved that aspect. So being able to continue that, but so that, the motivation was around time. Uh, there we were in, in California. I came across your content a few months prior. I think I subscribed to your, newsletter and I kept getting great content from you.

06:10
And your content and you resonated in a way because here you were, you were someone that was a bit like me. had two young children at the time. I had my son, I had my daughter on the way. You had gone from working full time to transitioning over to doing your businesses full time. And so I found that inspiring and also relatable. thought, you know, here’s Steve, great content. I think I can maybe replicate.

06:38
what he’s doing to an extent in my own way. And you set out a path. So yeah, I signed up, signed up for a mastermind group, a focus group that’s been incredible, those experiences as well. And one thing, so just to kind of put a bow on the story. So being in Saratoga, one of my lessons in my previous attempts to start businesses was

07:08
that I thought too much about trivial details. you know, so it became the placeholder. Saratoga Home was always meant to be a placeholder brand name. I thought, I don’t want to spend two months thinking about, is this brand name good? Should I change it? Should I get a focus group? Should I ask my family? So, yeah, so it’s stuck and over the years,

07:37
I heard great things about it. People seem to have, know, they, yeah, so they, the good connotations to the name Saratoga. Um, and as for the product, the first product I no longer have, it was an oversized party ice bucket. And I chose it purely based on the numbers. So I went based off your criteria at the time. It seemed like it would work. I thought, let me give this a try.

08:07
And yeah, and that was the first product I sold on what was it July 9th, 2017. Just curious, you were working full time when you started, right? Correct. And what were you doing? And how many hours a week were you working? Just curious. Yeah, sure. So I was working for a large university in Montreal in a management position in student recruitment.

08:36
So international student recruitment, which saw me traveling worldwide three months of the year. So I was working in the office, you know, my 35 to 40 hours a week, but then I was also traveling extensively throughout the year. Okay. And then you made it work though. How many hours were you devoting to your business in the beginning? So I tried to be disciplined and at least an hour or two a day. Okay. So my

09:05
My thing was do an hour or two a day do what’s right in front of you. And then the next day do the same thing. And then just rinse and repeat. Nice. Let’s talk about that first product because in ice bucket, we actually have one in our garage. It’s a quite a big product, right? It’s not trivial. Was that into your consideration to do like an oversized product? How did you find your first manufacturer? How’d you get it made that sort of thing?

09:32
Yeah, no, you know, I wasn’t specifically looking for an oversized product. The price points made sense. So the margins, the keyword volume, the lack of competition or the competition that was there had products with lousy reviews or their listings were archaic. So it felt like there was opportunity there. I’m not.

09:59
I’ve had ice buckets in the past, but it’s, I’m not an ice bucket expert. But I became a bit of one as time went on and it, you know, choosing an oversized product as a first product did have its challenges. logistically, it was tricky at the time. Here’s a bit of a fun or sad story, depending on how you look at it. So for whatever reason, Steve at the time.

10:28
I was looking for a 3PL to help me receive these products in the States and then forward it on to FBA. And so I chose a 3PL in Ohio of all places. It’s like, you you have to get it all the way to the West Coast, put it on rail, and then bring it to Ohio. And on top of that, I had been talked into by the owner of that warehouse that it would be a good idea to send everything to him.

10:56
to help me kid it because it came in parts, right? You had the big bucket. Then you had the stand that was four pieces, four or five pieces. The stand was always a tricky part to get right quality wise. But all to say I was grossly overspending just to get it to Amazon in retrospect. I didn’t know that at the time. And so over the years, obviously I’ve optimized and we…

11:24
No longer have a warehouse in Ohio that we work with so today your 3p. I think is like right on the border, right? Is it in like Seattle? Yeah, so we have one in Vancouver, Canada that helps us with our Goods that come into Canada and then we have one close to LA as well. Okay. Yeah, how did you Validate this product before you started and what was your first order size? Just curious

11:55
Sure. First order size was 500. Okay. Validated purely based on the numbers. So I, one thing I wanted to be disciplined on looking back at my passion project slash business attempts from the past was that those didn’t really work out. And so this time around, I wanted to, it was just my own experience. I wanted to focus on something that I knew the numbers looked like it would work.

12:23
And I thought I had a good chance with it. And so that that was really the basis for that first product. And it continued to be for for subsequent products as well. remember how much you invested in that first product for this 500 years? Yeah, it seemed like a fortune at the time it was so landing the product, getting it kitted by that Ohio warehouse and to Amazon, I think it was in the range of around $8,000. Okay, for a single product.

12:53
Yeah, for a single product. And then when you listed it, did you do anything special to get that first sale? Were you running ads? Yeah. So I tried to create a better listing. So tried to create a listing I thought would out convert the competition. It was a unique product at the time before it started getting copied after a few months. And yes, we ran Amazon PPC at the time.

13:22
and that would have been how we got our first sale. Okay, cool. And then you mentioned you’re outselling it today. Is it because it got copied and the competition became fierce on it? Yeah, that’s part of it. was that the margins decreased on it. I think as my business sense got stronger, I realized it wasn’t that great of a product. And there was also the opportunity cost of, you know,

13:49
$8,000 for the initial order. So if you’re ordering a thousand, two thousands of these, have a lot of money tied up in it. At the time, I think the first year, the net margin was around 10%. So not a lot, right? So the thinking became, I don’t have a ton I want to tap into for my savings. So let me cut this product. It was tough. It’s tough cutting your first product.

14:19
but it allowed me to launch three more products that that all did very well. So these products that you have, and I’ve taken a look at your website and your products, are you designing those yourself or how are you getting them made and conveying the design that you want? Yeah, so it’s evolved over the years. In the first year, it was me taking a picture pointing out things with a program like snag it.

14:47
or doing hand sketches. I’m a lousy drawer, so I don’t know how they understood that at the factory level. And then being disciplined on sampling. So going back and forth on multiple iterations until they got it right. It’s evolved over the years. So we now have someone part-time that helps their professional product designer. And so we look at…

15:14
different aspects of the product. look at the functionality, we look at the aesthetic, we look at what’s out there. We heavily use polling, so A-B testing before we launch products. So it’s matured the way I’ve done it over the years. And it’s still one of the most fun and terrifying aspects for me in the business, because you want to get it right. And it’s fun trying to get it to the point where you think it’s right.

15:42
for polling and serving, are using PickFu or some other service? Yeah, we’ve used PickFu. We’ve also used product pinion. I like them both. Okay. And then in terms of the actual manufacturer itself, did you find your first factory on Alibaba? Yes, yeah, back in the day, it was through Alibaba. And has that evolved? Do you have a sourcing agent now? Or I know you you help people with it. So that’s why I’m asking. Yeah, that’s right. So it definitely has evolved.

16:12
So back in 2021, when the high pandemic sales were starting to come down, and at least in my space, in the home goods space, my major factory was cutting staff. And so they were cutting my foot, the rep that I had worked with for years had always appreciated you’re so detail oriented.

16:42
And he really knew the market. She had been in the space for decades, working in factories and trade companies, Western companies and Chinese companies. so it initially became, hey, would you be interested in consulting for us? I’d love to get like a behind the scenes take on what you’re seeing and how we can improve our quality and our pricing and our time to market and all that.

17:11
And it fast forward, it became that she was full time for us within a couple of months, we were testing it, it worked well for her, worked well for us. And so we leveraged that she’s been full time on the ground with our factories since, well, since she started in the fall of 2021. Awesome. It’s been incredible. Yeah.

17:38
I just wanted to take a moment to tell you about a free resource that I offer on my website that you may not be aware of. If you are interested in starting your own online store, I put together a comprehensive six day mini course on how to get started in ecommerce that you should all check out. It contains both video and text based tutorials that go over the entire process of finding products to sell all the way to getting your first sales online. Now this course is free and can be attained at mywifequitterjob.com slash free.

18:08
just sign up right there on the front page via email and I’ll send you the course right away. Once again, that’s mywifequitterjob.com slash free. Now back to the show.

18:19
No, that’s cool. Yeah. I’ve looked at your products also, and I just did like a cursory look on Amazon. There’s actually quite a bit of competition. So how do you stand out? Is it just by nature of you constantly releasing new products? And I mean, basically what I’m asking is what would you say is your superpower with the product? sure, sure.

18:41
So it is a challenge. I’ll say that first off. It is a challenge to stand out, especially in the last couple of years. I feel the competition that’s come in has grown through the pandemic. put a lot of eyes on e-commerce. So competition has grown. We try to separate ourselves with our branding, with our packaging, with the unboxing experience where a lot of our competition

19:10
their boxes will ship out in a plain cardboard box. We’ll do a nice white box with a nice marketing insert that tells a bit of better brand story. We’ll look at differentiating our products in different ways. We’ve tried IP in the past. So we filed design patents, which are still pending though. Those take a while. Of course we’ve had our trademark since I think 2018, but it is tough.

19:38
on Amazon. think anyone selling on Amazon will know that. so we focus a lot on our product pipeline. So innovation. So getting new products out, realizing when old products need to be cut. So right now we have something like 10 products in the pipeline at various stages. We have three in production. If otherwise not all 10 of those will get launched.

20:07
good half if not more will get cut. But we’ve we’ve made it a focus to really really focus. Yeah, hammer down on on our product pipeline. Would you advise getting a patent? I don’t know. It’s I think I can’t fully speak about it because we haven’t gotten a completed patent back yet. It seems like a good idea. Because apparently through brand registry on Amazon,

20:36
there is enforceability around that. Maybe in our next conversation, I’ll loop back to that and let you know where things are at. What triggered it actually? Have you gotten attacked in the past or copied directly? Well, it was twofold. One was being able to put patent pending on our listing to dissuade competition from thinking we were low hanging fruit. That’s number one.

21:04
So I think in that way, it was probably worth it in itself. secondarily was using brand registry to help enforce our unique products on Amazon. So if someone’s outright copying our design, especially the aspects that we’ve patented, then brand registry should be able to step in and help out. Yeah. mean, have you taken advantage of that to knock off certain brands?

21:33
We’ve had varied success. So we’ve definitely used brand registry. We have some copyrights as well that we’ve used for images to, you someone’s outright copying our images. Usually brand registry is good at suppressing, not suppressing the listing I found, but suppressing the actual image they use. they’ll knock out image two on the competitor’s listing if that was the one that was causing trouble.

22:03
In terms of your supply chain, you mentioned you use a 3PL. A couple of questions there. So does everything get sent to that 3PL and then you kind of trickle it into Amazon? You know, it’s been an evolution. for years, yes would have been the answer. In the last couple years, with the market shift, we’ve been looking for ways to increase our margins. And one of those, especially now that

22:33
that shipping rates and shipping speeds and reliability have come back largely to pre-pandemic levels. We are now trying to hold more inventory with our warehouses in China and then send from China direct to FBA. So we’re skipping the 3PL, not giving them that chunk of the margin that we were before.

22:57
With that being said, that’s imperfect. So we’re also looking at a blended model, I’d say Steve, so where we have some inventory at the 3PL, especially for Q4. So 3PLs thankfully don’t charge Q4 rates like Amazon does where inventory will triple the cost of holding anything with them.

23:23
So yeah, we’re looking at a blended model, but the majority, I’d say 80 % of what we send now to the US or to Canada goes direct to FBA. Cool. And so when you say factory, I’m sorry, warehouse in China, is the factory holding it for you or do you have a warehouse in China physically? We have our factories holding it for us. Nice. How did you negotiate that in? Well, I think

23:52
In recent years, in our space, I’d say many spaces, we have some leverage as importers that we didn’t have before. Many factories are seeing their volume drop over the last couple of years. And so not just on price, but I think there’s different areas such as this, like holding inventory for you at low cost or at no cost that can be worked into your

24:22
your agreement with them and it’s been great for us. So that’s exactly what we’re doing. We’re holding inventory. It’s amazing for cash flow because then we put our deposit down and we don’t pay the balance until that inventory leaves their warehouse. Yeah, no, that’s great. That’s fantastic setup. I’m looking at your journey and you said you had that first product and your first sales. Things didn’t really pick up until maybe a year later. What caused you to turn the corner?

24:54
in expanding further? Yeah, exactly. Was it just more products? Yeah, yeah, it was more products. So I went from that ice bucket to learning my lessons from it. It margins weren’t great. Quality was difficult because of that stand, I just could not engineer it. So people would stop complaining about it. So I pivoted from that did my research.

25:23
again and found three products. was a set of storage baskets, three tier storage baskets, which still are selling to this day, salt and pepper shaker set with a caddy and a planter pot set, which we just cut. So went for those three products. That was a huge step for me at the time, going from the initial PO, I think that one was something like 20, $25,000, which, you know,

25:53
It’s like going to the gym. Over the months, you’ll be able to lift a little bit more, but it feels different because you still, every time you go to, just before you hit the button to transfer that money, you grit your teeth and you’re like, oh, this is I know exactly how that feels, yeah. What is your criteria for cutting a product? We look at profitability. I had thought about the concept of the lost leader concept.

26:22
I don’t think it really applies to an Amazon business. Exactly. Yeah. don’t think it does either. Yeah. Yeah. Okay. Um, so yeah, so I don’t see a lot of benefit for having products that are, uh, that are barely profitable or in some cases not profitable. There’s again, opportunity cost, but over the years I’ve, I’ve really tried to increase my, my

26:51
understanding the financials of the business. And that’s been a point that we’re focusing on. Just curious, what is your threshold on margin? So threshold now it changes. now anything that’s net 15 % or less, we’re usually looking at cutting anything 15 to 20 % ish, we’re keeping an eye on. And we don’t cut right away. We’ll try to we’ll try different things to boost the product that we don’t.

27:21
It’s not fun to cut. Like you spent a lot of time developing those products and you have reviews and, you do have repeat customers coming back. Um, so we don’t take the decision lightly. We’ll usually try to position it differently. We’ll try a different approach with pricing with PPC. Um, but ultimately if none of that works, then, then we will cut and we’re trying to be more disciplined to do it quicker. Um, I’ve waited in the past far too long to cut products and

27:49
and lost a lot of money because of it. Yeah, I’m curious, what about just like raising prices and maybe taking a hit on demand, but still making it profitable and keeping that product in circulation? Yeah, we have tried that as well. And it does work, it has worked and continues to work for some products. And we’re fine with that. Like we just put in smaller POs, but there are other products where no matter.

28:16
what you try, it’s had the kiss of death and you can’t revive it. So it’s those products that we will end up cutting. But yeah, we’ll try pricing, we’ll try pricing up and increasing profit that way and seeing if demand maintains at least an acceptable level. So I know you have this website, Saratoga Home Online. I’m curious what your plans are with that. I assume most of your sales are coming from Amazon at this point.

28:45
Is that accurate? Yeah, that’s right. So we’ve for a long time, the website was secondary to Amazon. We’re turning a corner on that. We’re currently working on redesigning the site. We’ve been working on improving the SEO. I’ve actually been returning to your course quite a bit to examine some of those modules. And we’re looking at with the redesign site.

29:14
advertising on key products that are high profit for us and are well liked by customers as an experiment because we want to diversify off of it. We still like Amazon, of course, that’s what’s done really well for us and that’s our focus. But I’d love to build Shopify up to a lot more than what it is currently. Because the loss leader actually works quite well in your store. Because once you have that customer, you can just cross sell them a bunch of related things.

29:44
which isn’t really feasible on Amazon. You’re right. So that’s cool. Okay. So you’re so well, that’s one of your focuses is on diversification, probably because Amazon is getting pretty competitive or has gotten pretty competitive over the years. If you were to start all over today, what would you do from scratch? Would you proceed in the same manner? Go all in an Amazon first and the site or would anything change?

30:14
Well, I think time is part of it. So if you’re working full time like I was, you need to decide a direction that the website, so I would have spent more time knowing that SEO, blog posts, they need time to have an effect, right? So it would have been nice to have planted those seeds back in 2017 for sure.

30:43
But I was at the time I only had the hour or two every day. It’s kind of just how it worked out. I had started on Amazon. always had the idea to pivot somewhat to Shopify. But there was that time crunch. And the past three years, I’ve been full time in the business. So we’ve had have my team now as we’ve had more, more of an ability to to attack a few platforms.

31:14
So just coming from someone who hasn’t gotten started yet, what would you say was your biggest challenge in just getting started with this? Honestly, it was probably the habit building. So what I mean by that is finding the time and making the time no matter how I felt, no matter what was going on in my personal life, making it a priority and it’s easier said than done. I remember in the initial months,

31:43
I would come home from work, I’d hang out with the family, we’d have supper together, play with my son, chat with my wife, and then go to my desk and say, okay, now I’m going to work. And I would be an absolute zombie. I would be so tired. I had nothing in me, right? And that frustrated me for months, but I made it work. But it gets to a point where…

32:09
You know, you’re banging your head against the wall. I’m hardly getting anything done. I’m sitting at the computer for two hours. And honestly, my output is, is likely equivalent to if I had spent 10 minutes at a different time of day. So I, uh, I then started trialing, waking up really early in the morning, uh, before the family was awake before I had to go to work and giving myself the gift of having like the freshest time of day to myself, which previously.

32:39
I would have given to my full-time job in those morning hours, albeit a little bit later. There’s something, maybe the last thing I’ll say on this point, and I was listening to a podcast, was two or three years ago, and they were interviewing this really successful artist, I can’t remember her name, but, so the host asks her, what do you attribute your success to? And her answer was,

33:09
getting in the taxi every day. And she went on to describe what she meant by that was she was a New Yorker and getting the taxi was the most important thing to ensure that she showed up at her studio every day to put in the work. No matter how she was feeling, no matter what was going on, she would show up. Maybe the day wouldn’t be great. Maybe she’d only put in an hour or two of actual good work.

33:37
or she might be on fire and she would kill it that day. But it’s that habit of showing up day after day and getting the taxi. So I’d say to anyone starting out, get in your taxi every day, figure out what that means to you. And you’ll optimize over time, but try to build those habits where you make it a priority. because we’re all gonna run into the various challenges early on, but it’s that habit.

34:05
that is going to keep you going. And it’s not the inspiration that’s super fleeting at the start. we talk about your decision to quit your full time job? Because you had a pretty good job that paid a pretty decent salary, I would imagine. Yeah, that was a really tough one. That that was certainly one of the pivotal points. So it there’s also a story involved. I mean, I think in many things there is. So I met again, I was doing student recruitment.

34:33
I was on a trip in East Africa in Uganda and I was in a taxi with another, I sharing a taxi with another Canadian that was part of the tour and he happened to own his own flight school. But his background was selling on eBay and he had built up an automotive parts business and sold it and done really well for himself. So we’re chatting. The ride was

35:03
something like 20 kilometers, but because of the state of the roads, it took an hour and a half and it was the happiest hour and a half I get in a taxi I think I’ve had, where he was chatted and connected and we kept in touch. And as time went on, he offered me to come work for him on a part-time basis from home matching my salary, giving me more time to work on my business. So Steve, like I had envisioned it and I think many people do have like,

35:33
making a ton more than my salary and like just walking out of my job. All right, see you guys later. But it did not happen like that. It was more of a stepping stone. So that was in 2019, August of 2019. And then the pandemic happened as we know in March of 2020. Everyone in that flight school, myself included, got furloughed. Sales tanked at the same time in March when everyone was panicked and didn’t know what was going to happen.

36:03
And I still remember pacing the roads early in the morning thinking, oh man, I don’t have a job. My business has, has completely fallen apart. But the weeks past still started taking off. And I get the call in late June to come back to work. And I was able to say thanks, but no thanks. I’m going to continue full time in my business. So it’s truly in

36:30
It’s funny how life is, but that’s how it worked out for me. Interesting. Yeah, that was a great decision because home goods like took off big time. Like crazy big time after that. Okay. So these last years of questions I have for you are more catered to people who are just kind on the sidelines and they just want to know, you know, how other people have gotten started. So how much money did you risk getting started? Was it that initial $8,000? Yeah, it was initially $8,000.

37:00
What I liked about this business model is the worst case scenario I saw was maybe losing a little because ultimately if the product didn’t work out, as long as it was a quality product, I’d be able to liquidate it and not lose my shirt. So I might have lost time, but I still would have learned and grown from it. So I would say don’t quit your job right away while

37:28
unless you’re in your early 20s and you can eat ramen at home and sleep on someone’s couch. But I was in my early 30s and I could not do that. I had responsibilities. So keep your job going, build it on the side, make risks that are both a little uncomfortable but also acceptable to you. Because I think, we talked about like hitting the button on that PO payment is never gonna feel good. It never feels good, it still doesn’t.

37:58
And certainly the first time you do it, you feel like, you know, I hope this works out, but I’m not fully sure. on the liquidation. Have you ever had to liquidate a product and how did you do it? Yeah. So we’ve liquidated a good chunk of our inventory in the last 18 months because of the cease of pandemic sales. So much like the big, big guys like Target and Walmart,

38:27
been heavy on inventory, us little guys, the same thing happened. We had huge volume in 2020 into mid 2021. And we were all ordering to meet that volume. So it created a situation where everyone was liquidating at the same time to recoup cashflow when sales, sales dropped off. So we used a few different ways we’ve liquidated through Amazon, through pricing.

38:56
It’s probably our preferred way. We get the most back that way. We’ve worked with third party liquidators. That is the least comfortable way. You get the least back. But I mean, ultimately you have to look at your financials. There’s a cost of holding inventory, especially if you’re paying a warehouse to keep your goods. And so we were paying month over month for inventory that wasn’t really moving.

39:25
a tough decision to make, but a decision that made all the sense in the world. How long did it take you to make your first sale from when you started the sourcing process? Sure. So we started seriously looking at products in January of 2017 after thinking about it and going over the course initially in things late 2016.

39:54
I had a product in mind, want to say within two months, probably late February, early March, did sampling back and forth for several weeks, put the PO in, received the product in Ohio in June. I’m still kicking myself. I drove to Ohio, by the way. From where you are? Yeah. Oh my God. I was so dedicated just to make

40:23
sure that first order worked out. Yeah. Okay. Yeah. Yeah, from about February when we had the product idea hammered down. It was until July that it was ready for sale on Amazon. And on the sourcing side, have you ever actually gone over to China to visit your factories? Yes, yes. And I highly recommend it. So if

40:50
Ticket prices are a little high right now, but if you’re able to swing it, you will have, assuming you’ve never been, you’ll have the time of your life. People are super friendly, really welcoming. You will absolutely build a stronger reputation with your factories. You’ll go out for dinner together. You’ll talk about each other’s families.

41:12
and you’ll get connected on WeChat, which you may not have before. And for everyone out there, if you’re not on WeChat with your factory, you have to get on WeChat. Email is a thing of the past, I find with a lot of factories. Business is very much done on WeChat. So with our setup, Steve, my wife went back to China in June of this year. I remember it very well, because I was home alone with the three kids and had to manage that.

41:42
and everything. We started also on the side a boutique sourcing agency back in early 2022. And we’ve been working with a handful of customers between five and 10. So she went back to do visits for our customers. We did some training on the ground. We’re looking at hiring another person in China to build that out a little bit more. There’s a great event every year, is twice a year, the Canton Fair.

42:12
good opportunity for folks to go to China. It generally will be more expensive during that time because flights go up, hotels go up. So I’d say if, I don’t know if I’d go to the Canton Fair if you were brand new, unless you had, you were able to afford the trip.

42:36
but it would be a great trip to have for someone that’s in a slightly more mature business, maybe a few products in hand, they wanna meet more factories, they wanna get a sense of what’s out there. It’s funny, because the Canton Fair in many ways is how we got started. I mean, the first vendor we found was actually through Google, kind of randomly. But I remember that first trip to the Canton Fair, we came home with like a whole bunch of suppliers and new products, and that’s what launched the whole thing, and it was so quick.

43:04
It was so quick because everyone had their products there. We could talk to them. They even had samples made on the fly that got to us within two days. So I think yeah, it does. It is expensive. I would say you’re probably going to spend like five grand maybe. But I think that’s worth it. Just just from a time perspective. Yeah, yeah, yeah. No, that’s that’s a good counterpoint. If you have the cash to spend, take the trip. It’s gonna blow your mind. You’ll get a ton of factories.

43:34
But it’s I’ve also been to Ningbo or you you I don’t know it’s worth going to personally. No, no, no, I wouldn’t run. You’ve been? No, I’ve had friends who’ve gone but I’ve I’ve gone to you has a website. You will go. I just you just look at the stuff. It’s it’s the typical cheap Chinese stuff. Yeah, I’d say unless you have a business where I don’t know you you have a

44:02
you want to build a huge catalog of trinkets, it’s probably not the best place to go. Just curious, JK, have you looked at sourcing beyond China, like in Vietnam, India, and other places? Over the years we have, we’ve considered it. I think there’s things to be said. You know, there’s lesser tariffs comparing to China. We still keep coming back to China. We actually looked at sourcing in Mexico three years ago for some of our

44:31
metal based products. I had the dream of taking a straight shot flight down the East Coast, no time difference, to Mexico City and doing a couple days there and flying back. So that was really what was motivating me to look there. I thought, man, this would be so much easier. We’re under the free trade agreement that we have the three countries.

45:00
But ultimately, our experience was it was really tough talking to factories. They were not welcoming like China. They weren’t flexible. For example, getting our boxes made, our color packaging, they said straight out, we have no idea how to do that. We have no one we can introduce you to. Go figure it out yourself, which is very different than China’s, I’m sure you know where.

45:27
They’ll have partners they work with and they can kind of take everything and give you a final package product. Vietnam, I’ve had friends that have sourced from Vietnam. I hear good things. can be, I visited a factory on behalf of one of my friends in Vietnam. And what I’ve heard is it can be a little tricky getting in the door with factories. It’s not the same as China’s.

45:52
perhaps not as easy to find factories in China, in Vietnam as it is in China. I don’t think they have a site like Alibaba. Yeah, they don’t. Yeah. India, we looked at two. They have some, I think some great areas of specialization. Ultimately, we found for our product mix that samples we received and the impression we got was that we wouldn’t have that uniformity.

46:21
that we wanted across a thousand units. you’d have things were more handmade. There’s less of a formalized production process as we would get in China, which I think for some businesses definitely work, but for ours, it could not. Yeah, I think for your stuff, which is a lot of metal, I think India thrives in textiles actually. So we actually get some stuff over there. final question for you, JK, is I know there’s a lot of people listening that are kind of on the sidelines.

46:50
What advice would you give them to maybe give them that push to get started?

46:57
I would say do some journaling. Think about what this step means to you. Think about five years from now, what it could become. There’s a quote that I often reflect back on whether I’m thinking about my language learning or going into the gym to work out or my business is most people largely overestimate what they can accomplish in a year, but they underestimate what they can accomplish in five years.

47:26
So I would say limit your expectations for the first year. Go through the process. There’s a lot of great courses out there, including yours. Go through the process. It’s already mapped out. It’s right in front of you. Try to build that habit. Spend the time it needs to take. Oftentimes early on, it’s almost every day of the week where it can be, or you could build your own schedule that works for you.

47:55
dedicate yourself to the process and stick with it for at least a year, if not two years, because it can take time to see results and it did take time for me to see results. And then over time, you’ll optimize. Maybe the last thing I would say is, I think just in time learning the concept of this is so important. A lot of people will get worried when they’re in the product

48:25
concept phase about how much they’re going to have to, or how they’re going to bring their shipment into the US. And then they’re like, oh man, I to find the answer for this. I don’t know how that’s going to work. But truly, I think if you focus on just what’s in front of you, you’re not going to psych yourself out and you’ll be able to find the information, tackle that, take care of that. Over time, as the process extends, you will figure everything else out. So I think I would share that.

48:54
And I’m certainly open to communicate with anyone that would like to get in touch and I love the community, love the community that you’ve created Steve and the Facebook group and your in-person event. It’s been incredible. I look forward to being a long-term participant there. It’s been great. Cool. Well, JK, thank you so much for coming on. If anyone has any questions for you or wants to check out your products or needs sourcing help, where can they find you?

49:23
Yeah, so they can find me at jk at China product pros.com. Cool. Once again, Jake, I really appreciate you, you know, being in the class and helping out with answering questions and Facebook group. You’ve been very helpful. Thank you, Steve. Thank you for this opportunity as well. appreciate it.

49:44
Hope you enjoyed that episode. And if any of you need sourcing help, feel free to contact JK. And if you want to join my Create a Profitable Online Store course, head on over to profitableonlinestore.com. For more information about this episode, go to mywifequitterjob.com slash episode 501. And once again, tickets to the Seller Summit 2024 are now on sale over at sellersummit.com. If you want to hang out in person in a small intimate setting, develop real relationships with like-minded entrepreneurs and learn a ton,

50:13
then come to my event. Go to SellersSummit.com. And if you are interested in starting your own eCommerce store, head on over to MyWifeQuarterJob.com and sign up for my free six day mini course. Just type in your email and you’re sending the course right away. Thanks for listening.

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500: The BIG 500th Episode Twist: My WIFE Takes the Mic To Discuss Business Family And Life

500: The BIG 500th Episode Twist: My WIFE Takes the Mic To Discuss Business Family And Life

This is episode 500 of the podcast and I just celebrated my 20-year wedding anniversary so I invited my wife to come back on the show to talk about business, family, and life.  

What does it take to stay married for so long?  How does my wife put up with me?  Get the juicy details in this tell all episode.

What You’ll Learn

  • The secret to living a balanced life
  • Our 5 year plan
  • How to stay married for 20 years

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Transcript

00:00
You are listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into what strategies are working and what strategies are not with their businesses. Now I just celebrated my 20 year wedding anniversary and this is episode 500 of the podcast. So I have an extra special show for you today. I invited my wife to come back on to talk about business, family and life after 20 years of marriage. And I was actually pretty shocked by some of her responses and I think you’ll find this episode interesting.

00:29
especially if you’ve followed me for a long time. But before we begin, I want to let you know that tickets for the 2024 Seller Summit are now on sale over at Sellersummit.com. The Seller Summit is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will lead with practical and actionable strategies specifically for an e-commerce business.

00:57
Every speaker I invite is deep in the trenches of their business, entrepreneurs who are importing large quantities of physical goods, and not some high-level guys who are overseeing their companies at 50,000 feet. I personally hate large events, so the Seller Summit is always small and intimate. Every year we cut off ticket sales at around 200 people, so tickets sell out fast and we’ve sold out every single year for the past eight years. If you are an e-commerce entrepreneur making over $250k or $1 million per year,

01:25
We also offer an exclusive mastermind experience with other top sellers. The Seller Summit is going to be held in Fort Lauderdale, Florida from May 14th to May 16th. And right now, this is the cheapest the tickets will ever be. Also, if you haven’t picked up my Wall Street Journal bestselling book, The Family First Entrepreneur yet, it’s actually available on Amazon at 38 % off right now. My book will teach you how to achieve financial freedom by starting a business that doesn’t require you to work yourself to death.

01:53
Plus, you can still grab my free bonus workshop on how to sell print on demand and how to make passive income with blogging, YouTube and podcasting when you grab the book over at mywifequitterjob.com slash book. So go over to mywifequitterjob.com slash book, fill out the form and I’ll send you the bonuses right away. Now onto the show.

02:18
Welcome to the My Wife, Quitter, Job podcast is episode 500. And can you believe that I’ve been running this podcast since 2014 with over 5 million downloads and counting. This podcast is mainly what I’ve been recognized for in the e-commerce space. And it’s been an amazing ride. Now, whenever I hit a milestone episode, I always like to do something special. And just a couple of days ago, my wife and I celebrated our 20 year wedding anniversary. Again, another crazy milestone. So I thought,

02:47
that it would only be appropriate to have my wife back on the show to talk about business, family, and life. And if you haven’t met Jennifer Chu before, she is the foundation of all the businesses that we run together. She’s a fantastic mom and probably volunteers for more school activities than almost any parent I know. And most importantly, she’s always available for both the kids and myself. Welcome back to the show, Jen. It’s weird calling you Jen. How are you doing today? I’m doing good. Thanks.

03:17
20 years is a heck of a long time. And I’ve gotten some questions from friends on Facebook and Instagram. And their main question was, what do you think has allowed us to put up with each other for over 20 years now? Well, when we got married, actually at our wedding day, you made a comment that I thought was appropriate. At first I didn’t, but the comment was,

03:44
you make all the decisions in this relationship. But I will decide which decisions are actually implemented. I don’t know if that’s actually accurate. But it’s true. I do drive a lot of the stuff. And then whether you’re on board or not, whether you’re board or not is what happens. Is that your answer? I don’t know what my answer is. Okay, you want me to give you mine first? Okay, I put up with you. No, no, no, no, no, it’s got nothing to do that. And we do fight. Yeah, right.

04:13
I think that the reason why we’ve lasted so long is because whenever we get into a fight and I know like one of us has been rude or whatnot, I know that your intentions are always good because you are the most considerate person that I’ve ever met and I don’t think that there’s like an evil bone in your body. So if you were to say something mean to me or yell at me or whatnot, I always know that it’s

04:42
Like even if you’re mean, you don’t mean it. So that’s why it works for me. Okay. Whereas like, I mean, it’s been years since I’ve dated anyone, but in the past, like I’ve always had like certain trust issues where, hmm, you know, I’m always wondering if that was malicious or not with you that never happens. Okay, I’ll take it. Okay. So do you have an answer? Are you just going to recite? I’m basically just going to agree that you’re very lucky to have me. Oh, God.

05:11
Okay, this isn’t an interview for me. It’s it’s it’s you. Alright, okay. So how about this then turn it around? For anyone out there listening? What advice would you give them to have a long and happy marriage? I think a lot of it is communication. You should also play to your strengths. I think everyone has different strengths. And we are really good about balancing strengths. So

05:38
with your spouse or your partner, you should find out what each person is strong in and then allow them to actually excel in that strength. Okay, so what would you say is your strength versus mine? I would say you’re the big idea person. Like you know, what will make growth or what will be overall good for our family, our family financially, for example, I would say my strength would be more of

06:08
Implementing. Okay, implementing. So I’ll tell you what I’m going to expand on what you just said. Because because I implement all of like the marketing and website. Absolutely. You’re more I’m a doer. You’re more of an operations person than I am. Yes, right. would agree with that. Because like I hate, you know, keeping tabs on all these little things that that happened. Yeah, I think to my fault is I think of the little things

06:35
a little too much where you see the bigger picture. And I don’t know who asked me this, but someone want to know who’s cheaper, me or you. Okay. I think we have difference of opinion. I think you’re pretty darn cheap, but I would say I’m very, very frugal too. So I will sometimes spend so much time to try to get the best deal and to try to get as cheaply as possible.

07:05
I think I will spend more money on certain things. Like I will like want to spend more money on vacations, for example, whereas you could totally go without vacation. Yes. So like in that regard, I think you’re cheaper just because it’s not important to you. Well, I do spend a lot of money on NBA games. Yes, that’s because it’s important to you. Right. So I think there’s a lot of things that are not important to you, in which case.

07:33
you will try to do as cheaply as possible. So I’ve changed my mind on vacations. And the reason why I didn’t like vacations in the past was because when our kids were super little, it was such a hassle. We had to lug these big car seats and they’d be upset at night or they wouldn’t sleep and that would just ruin like it wasn’t relaxing for me. Well, you were saying it’s not a vacation. Yes. It’s a what do you call it? A family trip. It’s a family outing. family outing. That’s right. Yes.

08:02
But now like the kids are older, like I actually enjoy the vacations. Yeah. Well, you used to not like to go to nice restaurants with the kids because the kids would just eat like, well, they wouldn’t appreciate it. They wouldn’t appreciate it. And then we would be like enjoying our meal. And then they would be like, it was almost telling them, Oh, eat your food. Like, and you’re like, you’re spending so much money on like this delicious meal and they wouldn’t enjoy it. Right. And they appreciate food. They appreciate food now a lot more.

08:31
Yeah, yeah, it’s funny things. Which phase of the childhood did you like the best? The way it is now or when they were younger or when they were in the kind of like the. I think each phase is different in its own way. I love the fact that the kids have opinions now, but that’s also something that it tries to move on. They have opinions also, but I really enjoy the time they are now because they are super excited about traveling now.

09:00
So when we went on vacation, they actually decided on stuff that they really wanted to do. And it was kind of fun to go to those activities also. I actually like this phase the best too, because they have opinions actually. It drives me crazy when I ask someone a question, they go, I don’t care. I don’t care. they still do that. They still do that. But my least favorite phase was probably the baby phase. Oh, there’s something about like they were just so cuddly when they were babies.

09:28
I really enjoyed like probably early elementary school age. Like I really enjoyed. Yes. Those are my favorite age five and on. Yeah. They were like so cute and you know, they were already potty trained. They start, you know, they could speak and they were just so fun. All right. Let’s, let’s switch gears a little bit and talk about the business since that’s what this podcast is all about. And we’ve been running it. This is our 17th year. Did you know that?

09:54
This is our 17th year running the, you don’t have to do the math. did the math. it’s 16th. 2007. Oh, okay. guess anyway, how do you think that you’ve grown or changed since running the business and quitting your job? Hmm. I’m definitely happier now because I didn’t like my previous job. Okay. I like the flexibility of it versus the old, my old job was not very flexible.

10:23
I think in terms of me changing, I don’t know. Do you think you’re a better worker in your own business versus the job or is there anything you miss about working a day job? I did like working with my my coworkers. really, I mean, even though I said I didn’t like my job, I really liked my coworkers. So if it wasn’t for them, I probably wouldn’t have lasted as long as I did. I worked with some really, really nice people.

10:52
I would say I probably care a little bit more. It’s my own like company versus working for a larger corporation. I think some of the stuff that we put up with in just the corporate culture was just really, really annoying to me. And I joke about it now because I just, just the amount of waste and time and money doing certain things. was just stupid to me. I think the issue with your job, honestly,

11:22
was that you didn’t work for a startup. You worked for a large, both your companies or all the companies that you worked for were large. So you probably got like a small task. Whereas almost every company that I worked for was a startup. Like EFI, I wouldn’t consider it a startup, but I was in a small team where I had ownership of a complete project. And then at Tensilica, I was, you know, it was 30 people when I started. So it felt like Bumblebee linens in a way.

11:51
I can definitely say it never felt like Bumble Bee Limits, my old job. But I wouldn’t say that I didn’t have a larger view because depending on which job it was, was a finance analyst. So as a finance analyst, I was a planning and reporting analyst actually. So I reported and planned the financials for certain business groups. And for Agilent, for example, it was actually a pretty large finance group.

12:18
So I felt like I had a good preview of what was going on in the company. So I’m wondering like, if you did actually join a startup, whether you would like that better. I actually miss my job in a way. I miss coworkers because when you when you leave and when the kids are in school, I’m at home alone here. Right. It’s kind of lonely. Yeah. Well, I must say, you know, though we have really nice customers, customer support is not something I love. So it

12:46
Working the corporate job was probably easier in that regard. So you just work with co-workers and you didn’t have to really respond to people complaining, for example. Here’s a question I’ve I’ve thought about in the past. Do you think you’ve gotten dumber since running the business? Probably. I think like that all the time, because the stuff that’s involved in running the blog, podcast, Bumblebee linens.

13:15
Honestly doesn’t require that much brainpower compared to what I used to do in the in my day job Right. So I I mean I probably got dumber But I think I think for example Like my skills in Excel have gone down for sure sure Yeah, whereas I used to be on that all the time and I was I used to have to analyze the data

13:39
So I still analyze the data, but you’ve created some really good systems. So I don’t need to analyze the data as much or as deeply as I did before, because it’s just done now. I think things that keep me on my toes is more of the stuff I do for the schools, for example. But some of that stuff is really just brainless activities also. It depends on what it is. I know for me, when I code now, it takes me a hell of long time. And just even thinking through

14:08
Maybe it’s because life’s so much easier now. Like I’ll type in something in ChatGPT instead of thinking about it. Or like if I have a question, I’ll just type into Google. And so I’m using my brain less because the answers are out there. Yeah, I mean, I can see that. I mean, I use ChatGPT also, but I use it more for personal stuff. Like, for example, if I want to write a thank you card, how do I do that in a simpler way? Because sometimes that just requires, I want to be thoughtful when I…

14:37
write a thank you card, for example, but I may not know the exact words to use. So I might use it as a launching pad. So it just makes everything so much simpler. ChadGBT, plan me a 20 year wedding anniversary surprise. Yeah. Yeah. So in an ideal world, maybe someday I want to start like some sort of SaaS company or whatever, but not until the kids go off to school. I’m curious for you though, what is the end game?

15:08
I think you’re leading. Well, I’m just curious. Because we always chat about how I could do nothing. Yeah. I could just stay at home and do nothing. Do still think that’s true? still think I can. I really do. I think I would probably maybe volunteer more in different activities, but I think I could easily just stay at home and do nothing. Well, volunteering is not doing nothing. I know, but… What would you volunteer for?

15:36
I don’t know, it depends. You already volunteer. I do volunteer, but the kids are older, so there’s less things that I would volunteer for. But I think maybe I would mentor somebody in high school. I don’t know. Let me ask you this question. How do you feel about college and the role of school going forward? Oh, I still think maybe it’s the Asian in me. still highly, highly

16:05
want our kids to go to a really good college, less so for the actual education, but more of the peer group and just being motivated. And I think it’s a softer landing spot for them to be like kind of transition into adulthood. Yeah, no, I, I, I full on agree with going to college and there’s a number of people who I’ve chatted with in business space about the importance of college. I grew socially a lot in college. I did too. I would say that

16:34
Well, I’m super introverted still but I think that in college I definitely got out of my comfort zone a lot and I made a lot of great friends but it definitely pushed me to be more social because I definitely was way way more introverted and shy in high school and when I was younger. And I’m thinking to myself I don’t use anything really that I learned in college education wise.

17:00
Even when I got my first full-time job, I didn’t really use any of that engineering knowledge, save for like one or two classes, I think. Yeah, I think I grew the most with actually jobs I had during college time. So, you know, I worked many internships and I also worked at a restaurant, for example. I think I had a lot of growth, a lot during that time. So I was also asked about like family dynamics.

17:28
And I’m curious what you have to say about this. Like, what is your role versus mine in terms of the family in the household? I think someone asked me the question too. I don’t know. I think we’re really good partnership. I think I take on a lot of the kids stuff, but so do you. But we take different, different aspects. Like you definitely are doing a lot of the kids sports and helping them like and driving them around. I think I’m more involved in the school aspect.

17:57
you know, like, for example, making sure that that they’re on track at school. So I’m probably more the tiger parent in terms of making sure that they’re getting good grades and everything. But I also feel like I manage a lot of our household finances, just the day to day activities of like everyday life. I mean, we both go grocery shopping, but I would say that I probably plan all the family vacations, for example. you know, handle all the finances.

18:26
I make sure everything’s paid for, you I guess you make the money, I spend the money. I don’t know. That’s true. But I do know one thing that I do know is that you’re always going to be frugal. Actually, one of the things I asked you earlier was why have we lasted so long? It’s because we have similar family values. Correct. We have similar spending habits. And there’s trust.

18:53
Absolutely. think if you were a spender and I was frugal, that would be a big problem. Yeah, probably. Right. And if we didn’t have the same philosophies on raising kids, I think that might be a problem. think that would be a bigger problem. Yeah. I think for example, like, even though I think you spend a lot of money on your MBA ticket, that’s like once in a lifetime. What I’m what my point is, I don’t say anything about it, because you’re so cheap in other regards, like

19:23
I know it’s important to you. Therefore, what can I say about it? Because it’s important to you. So it doesn’t bother me. So I’m looking down like this list of questions that were submitted here. Okay. People are just curious what you do day to day. It really depends on what day. it depends on Mondays are my busiest day. So Mondays I will. So let me take a step back.

19:52
Every day I drop off my son to school and then I go to work usually, especially Mondays. Mondays are my busiest day as I mentioned before. They’re explain why. Oh, okay. Uh, the weekend orders come in. usually we have a huge backlog of orders. That’s basically Friday orders, Saturday orders and Sunday orders. So Monday’s usually my busiest day. So I go in to help organize, like print the invoices, you know, run them.

20:21
embroidery like run the embroidery program so that we can start stitching it out. I make sure that we’re stocked on like inventory and I guess what’s the word? I’m sorry. I’m blinking. make sure Amazon stocked. Yeah, I just basically making sure everything’s on track. Nothing’s falling behind on Mondays. I typically will leave every day, maybe around. Well, I go to lunch and maybe around two o’clock and then

20:50
I usually take maybe Friday off. This is the… Actually, I take that back. This is for the most part for the majority of the time, but during Christmas time, I’m there all the time. So during Christmas time, say from early November to end of December, I’m there all the time. So when Steve says that I only work 20 hours a week, that’s true for the majority of the year, but it’s up for Christmas time. Except for starting Black Friday on, it’s like…

21:19
crazy. Well, actually, November, November, November, basically November on November to when we close in December. I’m there all the time. How many times you would you say that we have lunch together in a week? At least once, maybe twice. Right. And then we always have dinner for the most part for the most part. Yeah. Well, it depends on the kids schedule. Right. So a lot of the times we may not have the same schedule because one of us has to take

21:47
one of the kids to practice, for example, or there’s a volleyball game at the high school. Yeah. Yeah. Volleyball, in case anyone’s listening, like if you decide to do club volleyball, it is all consuming. Like every other weekend, I’d say we’re traveling somewhere for a volleyball tournament and then they practice three or four times a week. And it’s almost year round and it’s almost year round. It’s it’s nuts. Yeah. And since we have two kids in club volleyball, yeah, it’s and of course they don’t

22:16
they don’t overlap. So the schedules never seem to overlap. So we’re constantly driving them to club volleyball practices. This is a question that I never really asked you. I don’t think. Where do you see yourself in the business five years down the line? Like, do you plan on running Bumblebee for a while? I mean, no, I know I have my plan, but what do you know? I probably hope.

22:45
I hope not to be there in five years. Instead, what’s the plan then? Me sitting at home doing nothing. I’m joking. I’m joking. Okay. He’s looking at me like I’m crazy. I think, you know, we’ve had this plan and it’s granted a lot of my issue. I have a hard time letting go. that’s how you want to massing. Like, do you find anything fulfilling about running in public right now?

23:15
Right now, not so much. I’m more excited about what the kids are doing in five years time. So hopefully, you know, in the next two or three years, my daughter is going to go to high, sorry, go to college. And then my son will be going into high school. So I’m way more invested in where they’re going to end up in college. And that’s where my focus is, you know, so hopefully in five years time, they’re both in college. Yeah.

23:43
And at that point, I don’t know what I would do. So I mean, maybe I’ll go back and volunteer more doing other things. Or I don’t know if I will want to stay and do Bumblebee forever. Not forever. I mean, I guess we could sell it, although then I would need some sort of business as the foundation. To be honest, I don’t know if we will ever really sell it. I think we just ease me completely out and have someone else run it.

24:12
Yeah, it’d have to be someone who cares though. You know, there’s a lot of things on my list that we’re not doing. I know, I know. Because I know, I know you don’t want to do it. I can’t do it. I don’t feel like I can do it. But I think everyone pretty much knows that. And we’ve talked about this. knows. No, I think a lot of people know that, you know, at least I’ve had this conversation with multiple people. There’s a lot of things that we could do to grow our business even bigger. But

24:39
we purposely have kept things smaller so that it’s manageable within my timeframe. And also so that we’re not driving ourselves crazy because the kids are, you know, only with us for say five more years. So before they go off to college or move until we’re empty nesters, let’s just say. Yeah. So my answer to that question I just asked you was I do find it fulfilling because it gives me a reason to research all these cool things.

25:09
No, I know it’s totally fulfilling for you. But your question to me was if I find it fulfilling. Well, OK, so what what fulfills you? Let’s say the kids are gone. The kids aren’t a factor right now. Let’s say they’re already in college. What fulfills you? I I honestly don’t know. I think, you know, my focus has always been the kids and the family. So maybe who knows in five years time, maybe I’ll get more into, you know, the business. But what would you be into,

25:38
I know. think maybe I would volunteer and be a mentor to high school kids, or maybe I would go back to and teach entrepreneurship to kids. I’m not entirely sure, to be honest with you. I’ve never really thought that far ahead because my focus has always been on let’s get the kids into a good college so that they’re set for for life or not for life. mean, you know, they’re set. All right. So let’s let’s talk about

26:08
I don’t actually remember the early days, but if you could go back in time when we first started and let’s say we started all over knowing what we know today, what would you have done differently? Anything? Huh? Um, okay. Let me, let me rephrase this real quick. Back in the day, did you have fun when we first started this thing? No, you didn’t really. I, I, I joke. It depends on what, what time frame period in the very, very beginning when we were building this, was

26:36
exciting because it was like we were building something so I could leave, right? And I was really excited about being able to stay at home and do stuff. I never thought the business was going to grow as big as it has, like who knew, right? So, you know, I feel like we’ve built our business pretty well and I feel like it’s scaled up pretty well. So I don’t know if you feel that same way, but you know,

27:03
I’m very happy with our life. I’m like extremely thankful for our life. So I wouldn’t have necessarily done anything super differently. I think if we had to like in hindsight, I’m like, wish we bought another house, like multiple houses earlier on. But I think it was the best decision for us to move the business out of the house. Like that was a huge, big growth, right? And trusting people earlier on. I don’t know. Would you have moved it out earlier?

27:34
I don’t think we could have. So for people listening, we actually ran out of our garage for a couple of years. Four years. Was it that long? Really? I think so. Yeah. We had this like nice indexing system. Like the garage was in rows. We had racks. Yeah. I wish we had pictures of all that. So we didn’t take any pictures. I know. I don’t know why we didn’t think about taking pictures. I mean, even in our, when we were looking for a house to buy, do you remember how we were picking houses on where can we store the business? Yes, I remember that.

28:04
I mean, there was like, we picked this house because we are family room was kind of closed off so we fully live in one space and then have the business in another space. Do you remember that? Yeah, no, of course I remember. We almost bought this one house, which I thought was the ugliest house in the world. it was super ugly, but it had such a nice setup for the business. Yeah. So for all of you guys listening, you probably heard me say this before, but based on my wife’s personality, like

28:32
we optimize based on sleeping at night and in control. So for example, we actually just bought our warehouse earlier this year. I’m actually about to film that YouTube video giving you guys a tour because I think it’s, I think it’s time that we gave you a tour of the new house. But up until then the rents were getting jacked up and then you either pay the higher rent, which was increasing at like 30 % a year, or you move.

28:59
Right. Whenever your lease comes up, moving is a big pain in the butt. Correct. And now that pressure is all off. But we were looking for a very long time. So it wasn’t like we just all of a sudden decided, it’s kind of looking for that long. I was looking, you were looking for, was looking for a very long time. just wasn’t any warehouses in the size range that we want. was relatively affordable within a certain driving distance from where we wanted to be. But I was looking because I was seeing the writing on the wall where all the rent kept on going up and up and we were running out of space.

29:30
and our landlords were horrible. You know what’s funny is that I know you really well and I know that you’re super competitive. I’m not competitive. Okay, remember that time we did the steps test? Yes, we all have fit bits. then Jen decided to Well, you know, so it was the competition between my sister and my cousin and me. Right. So we had a competition on who could have the most steps in one day. I was very, very competitive that day.

29:59
And I actually went to Great America, which is an amusement park by us. And so my sister and I, I’m not very athletic, so they didn’t really take me seriously as a big competitor. So that day, while the kids were on rides, I just circled the park, like around and around. I would stay in line with them and then as soon as they got on the ride, would then walk. And then later that day,

30:29
If you don’t sync up your Fitbit to the Fitbit app, it wouldn’t count your steps. And so I purposely kept my phone away from my Fitbit so my sister and my cousin could not know how many steps I had. So they thought I was having a really low day. They’re like, oh, she’s not taking it seriously. So at the end of the day, at the last 15 minutes, I synced it so then I would show this huge increase.

30:58
Not only, okay, for people listening, my wife does not like to work out. So this whole step thing, like you walked all around good America and then you came home and you did the treadmill. I the treadmill for several hours. Yeah. I did 30,000 steps. you did like 35,000 steps. Anyway, that the point of this question had nothing to do with that, but you’re competitive yet when it comes to business, I don’t feel like you’re that competitive. No. Right. Like I see our competitors sometimes I just want to rock them.

31:27
Well, I see our competitors and I make notes on what I think we should do but I don’t implement that. Right. You go Steve, go implement that. Yes, I do. All right. Okay. Let me ask you this then. What keeps you motivated and inspired to continue on this journey? Our kids. Okay. But then when they’re gone, you’re not going to, when they’re off to college, you’re not going to be, and then it’s just me. Yes.

31:57
I don’t know. mean, I, to be honest with you, I don’t think that far ahead. I just think of, you know, the time that they’re with us. And that’s where I’m really just focused on. So I haven’t really thought really far beyond. It’s funny, because I’m like the I wouldn’t say I’m the opposite, but I think I know you’re you’re always very fortunate. have to plan ahead otherwise. Yes, I know. You’re for you’re very forward thinking.

32:26
I think I’m going be running this stuff for the rest of. Oh, I know you are. And I hope to be just sitting here. I don’t think you can pull that off. I know. I know. I feel like it’s a, I joke, but I think in general, like I, you’re definitely, I can see you doing this the rest of your life. I hope to not be that way. All right. Okay. Let’s say, let’s say the kids are off to college beyond.

32:55
financial success because presumably you want money so we can go traveling and do all this stuff, right? Right. Right. Okay. So what do you hope to achieve? mean, that requires money. So what do you hope to achieve after? I’m actually curious myself because I don’t even know the answer to this. Okay, let me me rephrase this question. If you saw me and I was at home just playing games all day and not doing anything, which is kind of like the life that you want after the kids go to school, wouldn’t you lose respect for me a little bit? No, you wouldn’t.

33:25
So if I just came home and you bought bonds and played games all day and everything else went to to crap. Well, if it would if everything went to crap, then we would have issues. OK. Right. But I don’t think I would lose respect for you. would be like, oh, he’s enjoying himself. Oh, OK. So you’re saying that I know I can never do that. I feel like if if we’re financially set. Like we don’t spend a lot, right? Right.

33:53
So if we’re financially set and you’re happy, which I doubt you would be happy playing games all the time. That’s true. wouldn’t. So if you were happy, I would be okay with it. I mean, that’s what retirement is for. Cause we don’t spend so crazy, you know, that we would have to worry about money. think if we had to worry about money, you would work your butt off. I would definitely work my butt off. I don’t think we would ever put ourselves in a case where we would be really worried. Yeah, that’s probably true. Okay.

34:23
The thing is, feel like really, I mean, we don’t have a lot of financial issues, but if push comes to shove and we needed me to work, I would work and do that. Yeah, it probably wouldn’t get to that point. OK, let’s switch gears because I want to this is our 500th episode. want to kind of reflect on our journey. What are some of the memorable things in your mind that you remember about either running the business or certain milestones that we’ve hit?

34:53
over the years. think so the warehouse getting the warehouse was really exciting. warehouse? Yeah, the first warehouse. I wasn’t that excited about that. Oh, really? I was worried. Moving the business out of the house? Yeah, I was worried about that. Really? Yeah, because it was it was like $4,000 a month or however it was. wasn’t that much. The first one was not that much. Yeah. But I was excited because

35:19
I felt like we could do so much more. I mean, I was working nonstop then. I felt like I was definitely working more because if you remember correctly, I would be like when it was at our house, I would print our invoices all the time and then I would check back and print more invoices. Yeah, but you to do that. I know, but it was like, I was like, oh, I’ll just get ahead and I will pack now. So tomorrow will be less work. But I felt like I was constantly doing that. So I felt like I worked more.

35:48
when it was out of our house, even though we had little babies, you know, at the time, I felt like I worked a lot because I was trying to get ahead. So moving it out of the house was really, really good for us. For you, for me, for me, it created additional worries because all of a sudden we’d have to pay rent on something where even if the business slowed down, we’d still have to pay that lease. Right. Yeah. So that made my life more stressful. Well, you are more stressed, but I think for us, it was great. I think, let’s see, the today show is

36:17
definitely memorable. Yep. I think anytime we got into magazine was pretty exciting. Did buying our warehouse was exciting. Getting our first employee was great. I think you know what stands out in my mind? What? The first time we got our first book order, I was just going to say that you were the first book shipment was really exciting. It was scary because you’re like, where, where’s this all going to go? I remember that person ordered a whole bunch of stuff and I was like,

36:48
Wow. This person must have. Oh, you know, you know what I’m talking about? So I was thinking more of us getting our first bulk shipment over seat from oversight. Oh, no, I was talking about our first order. Yeah, our first bulk order. I remember that lady actually. Yeah. Poor thing. It was this lady. Super, super nice. I took the call and she ordered it wasn’t even that large of an order. I think he was like, it was our largest order to date. It was at the time at the time. Yes.

37:17
So I think it was like 10 dozen. It was like several hundred dollars or something like that. Yeah. It was like at the time I think it was ten dollars, a ten dozen napkins plus placemats, plus towels, plus cocktail napkins. And I took the order over the phone and we used to pack. We used to pack. Do you remember we used to pack our packages, but we didn’t go through the product. Plus we just shoved everything in the. We just shoved everything in the box.

37:47
And we didn’t really go through the product that carefully. And so I remember, and at that time we didn’t have an inspector, like we weren’t getting our products inspected. We just kind of just like, I just recounted that I opened the package and recounted and just shoved in a box. didn’t even, we didn’t even package it nicely. And then the lady was so nice. didn’t complain because I had a huge conversation about this was our business and I was doing it out of our house. And, but I’m like,

38:16
You told her all that stuff? Yes, at the time, you know, we just had such a lovely conversation and the lady was so nice that she didn’t say how bad the product she didn’t complain. I kid you not. I still cringe at probably what we shipped her because it was probably really, really bad at the time. You know what else I think about? So early on in my engineering career, I got an offer at Nvidia. Yes.

38:44
I think to leave and it was that Nvidia’s all-time low stock price. It was like 11 or 12 bucks. Yes, and this is back in the year 2000. I want to say or 1999 or 2000. I it had to be later than that. Was it 2001? It was early on because I think we’re already married. think we were married. Yeah, we were already married. oh no, we were already married. It was before it was after we were married. Okay, so 2003 or 2004. Okay. Anyways, this is it was a good offer.

39:13
And I was gonna take it. Yes. And there was like a lot of stock, which would be worth a ton of money today. But no, I decided to stay at the company out of loyalty. Yes. And I think about myself, I wouldn’t have had to me to take that offer. Yes. You did want me to take that? did. I didn’t know that. Yes. Why didn’t you say anything? Because you loved your co workers so much. I wasn’t gonna tell you. I didn’t want it like

39:41
Influence you like you were happy with your job At your old company, so I wasn’t going to say anything I was pushing for Nvidia because it was such a offer and then it’s I think about it now and I’m like I was doing the math. I think we’d be So much richer. I think we probably three three to four X richer Yes, I think our lifestyle would be different

40:07
It would, I’d be still be working every day. You’d still be working. You’d be at home. I’d be at home doing nothing. And then I wouldn’t have any of this stuff that we have. I would be working. Nvidia has a reputation for working people really hard. So I probably wouldn’t be at home as much. Correct. It would be merely me doing everything. Yeah. So I guess I’m happy I didn’t take it because it led to this. I’m happy that

40:33
You wanted to quit your job. I’m happy that you hated your job. Yeah, I guess it all works out. It all worked out. Even though I was really skeptical the whole time. It’s skeptical about? I didn’t think that we were going to make that much money that first. Oh, no, I didn’t think. Do you remember our goal? was $5,000 a month. Our goal was $5,000 a month. Yeah. And we would have been thrilled. I would have been thrilled with that. All let me ask you You were the one that was like, okay, we have to have a higher goal. At least replace your salary.

41:04
Well, initially wasn’t even to replace my goals were always like driving you nuts. Yeah. All right. So how should we wrap this up? Okay. Let’s let’s try to be a little bit more inspirational because we were talking about how you didn’t want to do this and how well people out there listening for you know, I am extremely thankful for the lifestyle that we have. I feel like if I didn’t have this, if we didn’t have the business, we wouldn’t have this lifestyle. Either

41:34
we would be both working like crazy or our priorities would probably be different. In what way? What I mean by that is like if I, if we didn’t have the business, I think our focus would still be the family, but I probably would either be working and I wouldn’t be able to have such a flexible time or you would be working like crazy and you wouldn’t be around as much for the family.

42:04
So would that have been okay with you? No, of course not. I love the fact that we’re here for the kids as much as we are. Both of us. I don’t think they realize how unusual it is. They don’t. Right. They don’t. We like to tell them and remind them, but I don’t think they really realize it because I mean, even if they look at their friends’ parents, like, I don’t think they realize how much we do. Yeah. All right. Any words of advice for people listening out there?

42:34
I get you know, I get a lot of people who want to start a family and then they reach out to me going, hey, you know, I want I want your lifestyle or they already have kids. And they say, hey, I want to do this. I’m tired. I want to be at home with the kids. What would you tell these people? I think a lot of it is take action. Because if you keep on delaying it, you’re never going to do it. You just need to take some step to make it happen. Even if it’s a small step, because I see a lot of your students

43:05
that are really excited to start something. But if you ask them, they get caught up in all these little details that they don’t actually take any forward movement. Let me ask you a different question. And I’ve always wondered if I wasn’t around and you know how I handle all the tech stuff and whatnot, right? Would you still have gone this route or would you have gone a different route? What do mean? Econ versus something else? I would still do econ. You would still do e-commerce? Yeah.

43:35
Okay. But I probably be on Shopify. Shopify wasn’t around when we got started. Oh, I know. But I mean, just saying. It was hard when we got started. Yes, was nothing available. What I’m saying is, so I thought you said, wait, ask me the question again. We’re gonna start a business all over again. And you were the one who was spearheading whole thing while I was off working. I’m just curious, would you still because we had other business ideas at the time, right? You’ve still got e commerce or I know it’s hard to answer that question. But

44:04
part of the, like you didn’t worry about anything technical, right? So I’m curious, like, I would I would stick to eBay or something. Oh, you would stick to eBay. Oh, that makes sense. Yeah. We did, we did do a lot of eBay. Okay. So in the very beginning, I probably would have just kept with eBay. Yeah. Anyway, the reason why I’m asking that question is because people listening are sometimes afraid of the tech and I know you’re not really, you’re tech savvy for sure, but I wouldn’t say you’re a technical person. Correct.

44:34
I do think that we definitely have a leg up because you do know a lot of the technical stuff, but I also think there’s a lot of different e-commerce sites that people can use nowadays that would make it easier for everyday people. They wouldn’t do what we’ve done. They would pay money for it. They would pay money. But I do think, you know, sometimes when you talk about your students and, you know, it’s very obvious some people are not technical. Yeah.

45:03
I think some people should just go with the easier solution versus try to save the money. I almost always think that people should go with the easier solution, right? Because even if you’re confident about tech, like you see me, but my personality is like, I’ll struggle with a problem for weeks. And that’s all I think about until I find the solution. Well, yeah, lot of you also wouldn’t pay for a subscription. That’s true. Yes. Like you rather own everything. Like you would rather pay money.

45:33
a one-time fee, then have a reoccurring subscription. Right. And statistically, I actually enjoy this maintenance stuff. You do? Yeah. You get excited. I mean, you’re actually the most excited during that time. Even though it’s a pain in the ass to do certain things, you get excited. Yeah. Yeah. So I guess you just got to figure out what you’re excited about. But what would your answer be? What, if we were to do e-comm back in the day? Yeah. Of course, e-comm. It’d be something technical.

46:03
Okay. Or like maybe we wouldn’t have worked together. Maybe I would have just started like a SaaS company or something. I don’t know. I don’t think you would have been interested in doing a SaaS company back Back then SaaS wasn’t around. wasn’t popular. Yeah. That’s true. Yeah. I don’t know. It’s all behind us now. I mean, we chose e-comm. I think, I still think that e-comm is the right decision for a lot of people who want to make money sooner rather than later. Or service business. Or service business. And

46:33
If you have a runway, content has been fantastic for us. You’re not really that involved in the content side of stuff, but content is is the lowest maintenance, I think. Yeah. It just takes forever. Well, yeah. I mean, I, be honest with you, like when you first decided to do the blog, I was like, don’t understand it. Right. But now, I mean, now I do. But back then I was like, people would be interested in seeing what you write about. Like that was

47:03
I guess I’m like your mom in that regard, you know? Yeah. I actually, remember the, the, the milestone on the blog. made $46 in one day. Yes. You were super excited. super, was like, Oh, this keeps up. Yeah. This can cover the mortgage. Yeah. Yeah. Good times. Good times. Anyway. Uh, okay. So let’s wrap this up. Uh, if you guys are listening, we, it’s clear that we didn’t plan this episode.

47:32
We don’t have a script or anything. just kind of chatting. We chat a lot, but there are always some questions that I don’t get a chance to ask my wife just in everyday conversation. So it’s actually nice that we’re recording this podcast so I can actually ask some of these questions. I didn’t get the answers that I expected to get. Like which one? Well, like what do you plan on doing five years? I don’t want to do this business anymore. I think you kind of knew that though. I think we’re going to always have the business to be honest with you. Really? You don’t think we’re going to sell it?

48:01
No, I don’t think so. I think you enjoy and you need it for the content, your content. I think we might phase me out completely by hiring someone. Yeah. But I don’t think we would sell it. Yeah. I mean, the store is really a content goldmine. Right. All right. Well, that’s, that’s it for episode 500. I hope you guys didn’t think we rambled too much. I think we did. If you have any questions for my wife, like if any of you guys out there are having kids or whatnot and

48:31
and you want to talk to the less technical half, I guess, of this team, the ones who’s more operations focused and whatnot, feel free to send me an email and I’ll make sure that my wife gets it. Hope you enjoyed that episode. I still can’t believe that I recorded 500 shows and that my wife has put up with me for over 20 years. For more information about this episode, go to mywebcoderjob.com slash episode 500.

48:59
And once again, tickets to the Seller Summit 2024 are now on sale over at sellersummit.com. If you want to hang out in person in a small intimate setting, develop real relationships with like-minded entrepreneurs and learn a ton, then come to my event. Go to sellersummit.com. And if you are interested in starting your own e-commerce store, head on over to mywifequarterjob.com and sign up for my free six-day mini course. Just type in your email and ascending the course right away. Thanks for listening.

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499: How the World’s Most Successful People Turn Adversity Into Advantage With Ezra Firestone

499: How the World's Most Successful People Turn Adversity into An Advantage With Ezra Firestone

Today I’m posting an oldie but a goodie with my good friend Ezra Firestone, where we discuss overcoming adversity and how to stay sane running your business.

This episode is also a great precursor on why going to live events like the Seller Summit and taking part in masterminds is so important for the growth of your business.

Enjoy!

What You’ll Learn

  • What happened at Boom that caused Ezra a lot of stress
  • How to stay sane running your business
  • What’s working in ecommerce today
  • Boom’s primary source of growth

Other Resources And Books

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Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into what strategies are working and what strategies are not with their businesses. And today I’m posting an oldie but a goodie with my good friend Ezra Firestone, where we discuss overcoming problems and basically how to stay sane running your business. This episode is also a great precursor on why going to a live event like the Seller Summit and taking part in a mastermind is so important. Also keep in mind that episode 500

00:29
of this podcast is right around the corner and I have a special episode planned. But before we begin, I want to you know that tickets for the 2024 Seller Summit are now on sale over at SellersSummit.com. The Seller Summit is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high level BS, mine is a curriculum based conference where you will lead with practical and actionable strategies

00:57
specifically for an e-commerce business. Every speaker I invite is deep in the trenches of their business, entrepreneurs who are importing large quantities of physical goods, and not some high-level guys who are overseeing their companies at 50,000 feet. Now, I personally hate large events, so the Seller Summit is always small and intimate. Every year, we cut off sales at around 200 people, so tickets sell out fast, and we’ve sold out every single year for the past eight years. If you are an e-commerce entrepreneur making over 250k,

01:25
or $1 million per year, we also offer an exclusive mastermind experience with other top sellers. The Seller Summit is going to be held in Fort Lauderdale, Florida from May 14th to May 16th. And right now, this is the cheapest the tickets will ever be. Also, if you haven’t picked up my Wall Street Journal bestselling book, The Family First Entrepreneur yet, it’s actually available on Amazon at 38 % off right now. My book will teach you how to achieve financial freedom by starting a business that doesn’t require you to work yourself to death.

01:55
Plus, you can still get my free bonus workshop on how to sell print on demand and how to make passive income with blogging, YouTube, and podcasting when you grab the book over at mywifequitterjob.com slash book. Go to mywifequitterjob.com slash book, fill out the form, and I’ll send you the bonuses right away. Now onto the show.

02:20
Welcome to the My Wife Quitter Job podcast. Today I’m really excited to have Ezra Firestone back on the show. And in case you don’t know who he is, Ezra runs a number of seven and eight figure e-commerce stores, a Shopify SaaS company called Zipify, and an e-commerce education company over at Smart Marketer. Now, Ezra actually recently spoke at my conference, The Seller Summit, about Facebook chat bots, and as expected, his talk was very well received. But what’s funny is that Ezra and I have known each other for many years, but we’d never really had an extended conversation.

02:50
until the speaker’s mastermind for my event. And after spending eight straight hours in a closed room with the guy, I started liking him even more. And he is a wise man well beyond his years, and he’s very personable as well. So today, Ezra and I are gonna talk about some of the challenges that he’s faced this past year with Boom, his e-commerce business, and whatever else we plan on talking about today. And with that, welcome to show. Ezra, how you doing today,

03:15
My wife quit her job podcast. Hey man, super happy to be here. And I just want to add to that that I hadn’t done one of those, you know, speaker masterminds where you kind of get in, you get together with a group of folks and you sit down for, like you said, you know, eight hours and you really just each person kind of goes through like what they’re struggling with and what’s going on and what they could use help with. And it was like such a cool format. I’m really sold on on that, you know, going forward. I really liked it.

03:43
Yeah, mean everyone was really open which I really loved and you know one of the attendees there like she was tearing up and I think I feel like we I know he you know who I’m talking about but I think we really helped her out a lot. Yeah, yeah, we had a couple breakdowns man. know, I think when when people get the space to actually kind of open up about what’s really going on it can be cathartic and healing and it’s you know, there’s not a lot of safe spaces, especially in the business world where there’s so much sort of

04:12
Posturing it was cool. was a cool thing you set up. So thanks for doing that Yeah, absolutely. And you know even I found out that you have problems, too It’s amazing. I have problems. Yeah, I know I mean listen I think that what’s interesting about like the struggles is in general when you’re experiencing sort of pain or struggle or Discomfort. I mean at the very same time usually some things are going well, too, and it seems to be this sort of like being able to hold

04:41
at the same time, both things that are going well and things that aren’t and how you navigate that intensity over time seems to be how well you do at business because I can tell you for sure, there’s always something that’s like not doing that great in one of my brands, know, or something that’s scary or Shopify is gonna, you know, kick out the replacement checkouts or whatever the catastrophe or chaos is at the moment, it seems to be constant, you know, and so I really do think it’s about how you react to it.

05:09
Absolutely, and it’s actually comforting to know that other entrepreneurs are facing similar issues. It just makes you feel better. Yeah, totally. Ezra, last time you were on the podcast was four years ago. Four years. Four years ago? Yeah, you were one of my first guests. I was just kind of looking back at the at the analyst. Wow, I’d like to go back and see what we talked about then. That’s kind of fun. I have no idea. I didn’t listen to it. I just looked it up.

05:33
I know during our mastermind we covered a number of different things, but can you just quickly catch the audience up about all your various businesses real quick? It’s really hard to keep track because you got to Yeah, you know, well, I think one of my most fun and sort of most popular success stories has really happened in the last four years, you know. 2010 to 2014, I was attempting to launch this brand Boom by Cindy Joseph and using content marketing and all kinds of stuff.

05:59
2014 was our real like first multi six-figure year and then 2015 we did we 10x went from 300,000 to 3 million and then 2016 we went from 3 million to 17 million and then 17 18 19 are have now all been in that You know 20 million ish range and so that’s been a really big ride and also is kind of like you know my team over the last four years has gone from

06:26
When I would have done that podcast with you, I probably had 16 members and now I have 103. So there’s been like a lot of expansion and my journey as an entrepreneur in that time has been going from the driver to the navigator. And I think that a lot of entrepreneurs get stuck in this sort of driver role and it ultimately is what limits their growth where, you know, if you’re on the road taking the turns, you can’t be above the road looking at the mountains that are coming in the distance. It’s very hard.

06:54
to both navigate and drive and where a lot of people get stuck. There’s a number of kind of sticking points that I’ve identified on my journey of growth in my companies, but one of them is technology, right? A lot of us do it yourself entrepreneurs who started from the ground with no money doing it ourselves. We’re doing the Facebook and the Klaviyo and the analytics and the Shopify. Like we’re really bogged down in the technological infrastructure of the business. So that’s one area that people get stuck. And then one of the other lessons, I mean, I know this doesn’t

07:22
Directly answer your question, but now I’m off on a tangent is I think that so yeah a lot of stuff’s been going on a lot of growth I’ve got three main companies smart marketer. I do you know blogging and educational courses on how to grow ecommerce businesses zippify apps I build add-ons to Shopify stores that you know support you in your growth as a Shopify merchant and then boom is a cosmetic retailer for women over 50, but what I was gonna say was that one of the

07:50
Actually, I totally lost my train of thought now. Sorry. I have no idea what I was waiting for. Like the revelation here. It was it was going to be really good. Oh, I do remember now, which is, you know, one of the things that everyone is so focused on is growth. Everybody wants to get bigger and grow and be. It’s like there’s this sort of obsession with growth. And I understand it on one level. But I also think that it’s a bit misguided and ultimately leads often.

08:19
to the demise of very good companies because, you know, with growth comes a whole lot of problems. You know, you have to fund more inventory, you’ve got more overhead, there’s more stress and pressure and intensity on you as the entrepreneur who’s the one who’s responsible for the whole operation. And you know, what I am trying to do is first and foremost, enjoy my life and have fun. And I want my team to enjoy their lives and have fun doing what they’re doing. It doesn’t mean we don’t work hard, but I want it to be enjoyable. And you you don’t…

08:49
know how long you have, which could lead into, know something you wanted to talk about, a big traumatic experience I had over the last 12 months, but you don’t know how long you have. So if you’re not enjoying yourself, making time for your hobbies, making time for your social life, making time for your relationships and intimate connections, and you know, really enjoying and putting energy into your business in a sustainable way, not 16 hours a day, then what’s the point? And then I want to make really, really good things that serve the world that are truly great products. And then third, I want to be profitable.

09:18
And I frankly don’t care how big it gets and I don’t care how profitable I am. If I’m having a good time making good stuff and it’s making money and paying my team and paying my bills, I’m happy. And I think that this fascination with growth is actually somewhat misguided. And what you really should be looking at is how can I have a lot of fun, make things that are truly good and then have that be profitable at any level is you’ve won the game. You know, a lot of people get really big and then they’re shackled to these operations that they’re slaving away at that make them miserable, that take them away from their, you know, it’s just like,

09:48
It can get out of hand. just came to this revelation probably two years ago because trying to grow your company fast actually ruins marriages also. So my wife, we were, we were setting these goals and we were stressing out over it because we weren’t hitting them. Um, and then we were getting into fights over and over again. And so we kind of came to an agreement that we were just grow the company, whatever happens, happens grow gradually because fast growth really is painful. You’re right. It is, it is much better since.

10:18
Sorry, go ahead. No, was just gonna say, just our relations have been much better since we kind of came to that agreement regarding our e-commerce business. Yeah, smart. mean, and it’s, you know, it’s like there is this, I call it eternal vigilance, which is the skill set that I think is needed in order to run a business yourself that’s on the internet where you are the entrepreneur who’s responsible for it and also maintain a healthy balance.

10:47
between your outside life and your work because it’s available to you at all times. It’s not like you go to the office and you leave the office and okay, now that’s gone. Like no, the opportunity to continue the mental game of what can I do to improve my business is available to you at all times. And if you’re not careful and you don’t actually set boundaries, real clear boundaries, and then show up to those on a daily basis the same way you have to show up to a diet or a workout program or a relationship, then…

11:15
You’re gonna it’s just gonna fill it’s gonna be the backdrop of your entire life it’s gonna fill every waking moment and a lot of people get caught in that trap and ultimately burn out or Find themselves no longer interested because they’ve just they treated it as a sprint rather than a marathon I think the ability to set work-life boundaries where it’s like, okay from you know 7 30 a.m. Or whenever I wake up to 10 a.m I’m moving my body doing a meditation having breakfast with my family enjoying myself whatever and then 10 a.m. I start work and then

11:43
5 p.m. I’m done and then at 5 p.m. I go on I Engage in my social life and I do my hobbies and I spend time with my family I set it down if you can’t pick it up and set it down deliberately and I’m not saying that there’s not times where you’re in launch mode and you’re just working for weeks at a time sure but I just mean in general as a rule of thumb if you don’t have the ability to Pick up and set down the operation in that way It’s gonna be very very hard for you over time is what I’ve learned But you can’t really do that effectively without a team. So when did you actually make that transition?

12:13
Yeah, I think I think you can I think you can set your your your energetic Boundaries where you are creating space in your life for your personal life your social life your physical body Things of that nature I think you can do that even when you’re a solopreneur and my journey was I was basically a solopreneur where I was me doing it everything myself I mean the whole thing and you know when you and I got started the game was

12:40
American drop shippers and search engine optimization and like Yahoo stores, you know, it was a little bit simpler of a game, but that’s what it was, you know, and I played that myself from round about 2005 until I hired my first team member in 2009 to do customer support. And then I basically still did everything myself and just had one team member all the way through 2012 when I sold that my drop shipping businesses.

13:09
That was the wig business. that was the costume wig business. But yeah, then basically after in 2012 when I started blogging and also selling services, I hired my cousin. I said, hey man, listen, I will pay you 12 bucks an hour to learn how to code. And then once you know how to code, I’ll pay you 20 bucks an hour and you can be a coder for me. And so as of 2012, basically, you know, from 2012 to 2014, I probably hired two or three people a year. And then 2014 to now, I’ve just kind of gone buck wild.

13:39
Yeah, because you got your hands in a lot of pots, so to speak. So it be impossible if you were doing the implementation, right? Yeah, I’m doing a lot of the sort of ideation of reading the market and figuring out what’s going to be well received of checking what people do and giving feedback. I don’t do a lot of actual and it’s hard sometimes. I’m like, what am I even doing around here? You know, but it is, you know, it’s important for someone to hold the container in the vision and, you know, be

14:07
crossing all the T’s and dotting the I’s, sort of checking everything. Yeah. So switching gears a little bit, can we talk about some of the challenges that you faced recently with Boom in the last year or so? Yeah, I mean, I can get into that if you want. I could just go on a run unless you have a specific question. Well, I’ll interrupt you. Why don’t you tell everyone what happened first in case they don’t know? And then, OK. Well, the ultimate sort of hex that everyone has laid on them in society is that you’re going to die one day.

14:34
And that sort of awareness of your impending death is, you know, something that causes midlife crisis crises. It’s something that is used to sell you every for everything under the sun. You know what I mean? Anti-age and health stuff. And like it’s it’s it’s something that we all have to confront as human beings that one day this ride is going to be over if we’re like everyone else or who knows what happens. But but existence as we know it now may not be around. And

15:04
What I had happen to me, just introducing that topic, the idea of death and how scary that is, is my business partner, who was also the ambassador slash face of my company on every product page, every email was coming from her, I mean that whole thing sort of suddenly passed away really abruptly on like, you know, we knew she was sick and then basically seven days later she was gone. so that- I didn’t realize it was that quick.

15:32
Yeah, well what happened was she’d had one bout with cancer two years prior, so three years ago, and she’d gotten really close to the door, you know, she’d gotten really close and then she made a full recovery. mean, she was a hundred percent back, I mean, fully. And then generally when these things come back, they don’t come back better. So we thought it was like totally clear, all good. And then boom, we found out about a year ago to the day almost, hey,

16:01
this thing is back and then within seven days she had passed. So, you know, that was really traumatic for me on a mental, emotional, spiritual level in that Cindy was a very close friend of mine. She was like a groomsman in my wedding. You know, I moved to New York, or grooms person, grooms woman, whoever. I moved to New York when I was 17 to play poker for a living after getting out of high school and I moved in with her and she kind of like…

16:28
You know, lived with her for a few years before kind of going on my own in the city. So she kind of like was a jumping step between teenage years to young adult years for me. And yeah, so we were like really, really close friends. And so, you know, that was tough. She was a much like a second mother figure in a lot of ways for me. And then also, you know, just from the practical side of it, like sort of setting that down, the practical side of.

16:53
The business operations were rough too in that I mean she wasn’t very involved from an operational perspective I had been running the company forever and she actually hadn’t been on a video or audio For two years because when she first got sick we realized hey, you know Maybe it’s a it’d be good to diversify the representation of our brand rather than it just being from one person’s voice make it about the experience of all women so we had actually started that process, but there were things like

17:20
The community of women who were our customers were very used to hearing from her given that all of our emails were coming from her. She was doing all of the product demonstrations. All of our Facebook front end ads were leading with her story and her doing product demos. Our team, which is 30 people or something at Boom, was very worried that we were going to go under or fire them. I mean it was just chaos. We had to very quick, we had to announce her death.

17:45
You know publicly because she was a public figure and it was starting to get picked up by news outlets and that proved to be an issue with you know her family it was just like it was and it was mad it was the most intense period in my business career by a pretty far long shot and Is that when you came to this revelation of having more fun with your business and not you always yeah, I’ve always been in the

18:14
You know one of my mantras in life is fun is the goal and love is the way like I think that that I’ve always been I think that success is a very popular but less fulfilling game than having fun and I’m really into success and wealth creation and all this stuff that Society will tell you is the way to go, but I’m not in it to the detriment of my pleasure in my life because you know I have I was raised by a bunch of hippies and so I kind of had that I grew up on a commune

18:42
mindset that you It that we that you can only give from your own surplus and so if you want to be You know my tagline in business. It’s serve the world unselfishly and profit and if you want to be of service Which is my goal I really do then you must first and foremost Take care of yourself because you cannot pour from an empty cup So I’ve always had this goal of enjoying myself taking care of myself making sure that I am

19:09
energetically sound that I can show up and give and so I’ve always kind of been on that path and yeah, I mean that you know when when someone close to you dies it is very intense and you’ve you you reassess Everything like what am I doing? Why am I doing it? What is the point of all this? Like, you know, you really go through that intense sort of introspection about Your behaviors and actions and what is motivating them? Are they motivated by ego? Are they motivated by the desire to?

19:37
Please people are that like what am I what am I actually doing here? See I went through all that man and and on the practical side of it You know the the announcement of her death to our community the rewriting of all the email sequences the modifying of all of our front-end Facebook ads that the Removing Cindy from all of our product. I mean it was like the reassuring my team that we weren’t gonna go under you know I mean the whole thing was was very Emotionally draining and I felt that like it’s now

20:05
August she passed in July of last year and I feel like from July to like January was triage and then the first three months of this year was like, okay, things are kind of like getting back to normal and then now like the last three months I feel like I fully like sort of digested as much as you can. mean, mourning is a whole thing and trauma is a thing and who knows I’m not educated enough in the area of, you know, trauma to understand. I don’t know what lingering effects that stuff causes, but

20:35
I feel pretty sound from it. And we’re having our best year ever from That’s what I was going to say. You had your best year ever and it continues to grow. I follow you and I know you’ve used Facebook ads, Google ads, email marketing, all that stuff over the years. I was just curious, what has been your primary source of growth in the past year despite all of this trauma? Well, I think the diversification of having our…

21:04
Front-end Lee sort of lead in customer generating strategies not being a hundred percent focused around Cindy has opened us up to be Well received by perhaps women that maybe weren’t resonating with her because now we lead with a variety of women We’ve also discovered that there’s some reverse ageism in our market where you know women in their 60s Don’t want to have a woman in her 40s or 50s telling them about aging so we’ve kind of been able to mix up who is presenting on behalf of our company and that seems to have worked and also

21:34
You know through the process of reassessing every area of the company product cost of goods advertising email strategy, you know repeat just we kind of went through every and one thing that I don’t know that I ever told you was you know before Cindy with the first time she got sick I went to her and I said hey listen, you know, like Do you really want to be doing this? Like how you know you got sick and and and you really almost died and so

22:04
I just want to you know have the conversation of I mean I know I do all the operations in the business but like I want to have the conversation of like Are you interested in continuing this ride or should we sell this company now? Because it’s worth a lot and you know You could then be set for life and take care of your kids and all that and maybe it’s time to end this ride like you know a death scare as I said has you evaluate everything and she said you know what so we got on board about that and we got really close we got all the way through the process of

22:32
due diligence, a buyer, the whole thing, and the deal was about to happen and she passed away. And then those people backed out. And then I wasn’t thinking about selling the company after she passed. I was just trying to maintain stasis. But I also think that the process of going through, and I would recommend the Quiet Light brokerage podcast, your podcast, e-commerce fuel podcast, to listen to folks who’ve almost sold their businesses and hear the things that you do when you go through a due diligence process and you sort of kick every tire.

22:59
I think having done that exercise of, we’re going to sell this thing, understanding all the things that affect valuation, profitability, things of that nature that I didn’t have a lot of attention on before, even though I had sold the business, and then having a year of operating after that, I think that also was a big factor in why we’re growing. But yeah, mean, our Facebook ads performed extremely well January, February, and March. We’ve introduced a bunch of new products, which has been really great. think one of the keys to scale

23:27
once you have a company that’s been around a while is to introduce three or four new products a year that you can cross sell to your past customers, buyers, and subscribers. So I feel like we’ve done a lot of stuff right. Can we talk about more specifically what your process of kind of reevaluating all the different aspects of the business were? Yeah, I mean, so when you’re looking at selling a company, there’s a number of factors that go into the valuation that you’ll receive.

23:54
One of them is repeat business, right? So what’s your return rate? So if your return rate is, you know, 50 % instead of 30 % or 20%, you’ll end up with a higher valuation. One of them is profitability. So how much profit do you actually generate? Your multiple will usually be a percentage of profit. And, you know, one of them is diversification of visibility and customer source. So like we did a bunch of things. We

24:22
renegotiated with all of our suppliers. We switched suppliers in certain cases. We changed out our packaging. Like we did things to increase our margins on the products that we were selling. We raised our prices and we ran a price raise sale, which was the best sale we’ve ever done. We made half a million dollars in two days just by telling our community, hey, our prices are going up by 10 % in a week and you can buy at the current prices now with a 10 % discount. we got, you we haven’t ever raised our prices. And as the company gets bigger, things like

24:49
you know, inventory and salary and our costs rise and so we have to raise our prices. So we raised our prices and so we did things to increase our margins. How did you know how much to raise the price and how did you know that you weren’t at like some limit in terms of just price? So we split, so on our two front end offers, so I only have two things that people buy from me when they find me for the first time. Then those are my cosmetic sticks. They come to me for that. It’s a lot easier to sell.

25:16
than it is to sell like skincare, for example, because everyone has skincare. But the skincare is the back end, right? What we sell to people already know us. So the two items that are the front end offers, we split tested the changes in pricing from a low change, a medium change to a very drastic high change. And ultimately, raising the front end price of our products by $10 would have ended up increasing the profit the most significantly, but it was cutting down too much on customers that were coming in the door.

25:46
a goal of not only profitability but also a big footprint because one of the other things that affects your valuation is literally how big your audience is and how much revenue you generate, not just how much profit you make. So all three price tests won against our control and we went with the medium raise on the front end. The back end products, which is our all 14 other of our skincare products, we just raised by a flat 10 % across the board and we didn’t even test it and it’s been fine because those people

26:13
already know us, like us, engage with our content, and are gonna buy from us because they like us, not because they’re price sensitive. And so we kind of were in the medium end of the market in terms of what we were charging, and now we’re more at the higher end of the market. so front end products that are for customer acquisition, I would recommend that you split test that, but your back end cross-sells, you can usually get away with five or 10 % without much of a problem. Interesting. I actually didn’t even know that about your business. So you had this like one lead-in product.

26:41
that just opens up. have two lead in products. and it’s like my whole schtick is simplify your makeup routine, know, color cosmetics. It’s it’s make cosmetics are what gets people’s attention and then everything else I sell is basically a back end upsell cross sell and a lot of businesses are that way where they’ve kind of got like one fly, especially businesses that are driven by direct response. I if you’re an Amazon brand, sure you got a million products you sell but.

27:07
And if you’re a Google, if you’re, if you’re driven by direct response, but it’s search traffic, you generally have a whole bunch of products you sell because you’ve got a bunch of different queries. But if you’re driven by story based direct response where you’re telling a story, engaging a subscriber in a conversation and then offering them something, you usually have one or two products that are the real like 85, 90 % of what you sell on the front end. And then everything else tends to be a backend upsell cross sell to people who came in from one of those funnels and heard about you. And, um, you know,

27:35
Pretty much every business that I’ve evaluated that is this same kind of business has a similar story to that. So in terms of increasing your repeat business, what did that involve specifically? It involved running more sale events. So we now do six a year. It involved introducing more products. we’ve kind of ramped up the product launches work. I there’s a reason Apple does them. There’s a reason Amazon does them. There’s a reason that people do them. We started building anticipation rather than just, we used to just say, hey, we’ve got a new product. Here it is. Now we spend two weeks.

28:05
saying, hey, this product is coming, building up excitement for it, doing ads and emails, talking about what it’s gonna be. And then we release it. And we’ve literally doubled the effectiveness of our product launches just by adding a two week anticipation funnel on the front end of the product launch. Which I share that on the Zipify blog and the Smart Marketer blog, how we do that. But I mean, excitement works. If someone’s paying attention to you and there’s an opportunity for them to…

28:30
follow along and get excited about something and sign up for it and then get a few emails saying it’s coming. I mean they’re much more likely to convert rather than hey we introduced a new you know moisturizer that helps for after you’ve been in the sun. I mean that’s nowhere near as compelling as giving the opportunity for someone to be excited. So in terms of getting people excited in terms of just running Facebook ads are these just awareness ads or are they are you trying to get

28:54
And email. Yeah. So for product launches, they’re 95 % people who have either been on our email list or bought for us from us in the past. We still, do run a lead gen on our product launches to build anticipation for them to cold as well, but it doesn’t really convert that well. So really our product launches are about monetizing the community that we have. And then for Facebook lead gen, we’re still leading with our, our flagship products and our customer acquisition, Facebook customer acquisition. And you know, we’re constantly changing up our,

29:23
video formulas and testing different articles and doing everything we can to reduce our customer acquisition costs for sure. But you asked specifically about repeat business and one of the main things done for that in addition to improving our content marketing significantly. I we release four posts a week. We’ve got two writers on staff. I invest about a million dollars a year in non-branded

29:50
content marketing that’s designed to engage my community. And I think once you get bigger and you have a front end customer acquisition funnel that is bringing you customers, the game of keeping those folks engaged through content that they’re enjoying and being entertained by is a big part of scale.

30:09
If you sell on Amazon or run any online business for that matter, you’re going to need a trademark to protect your intellectual property. Not only that, but a trademark is absolutely necessary to register your brand on Amazon. Now I used to think that any old trademark registration service would work and that could even try to register my own trademark by myself on the cheap, but I was dead wrong. Securing a trademark without a strategy in place usually results in either an outright rejection or a worthless, unenforceable trademark.

30:36
Now that is why I work with Steven Weigler and his team from Emerge Council. They have a package service called Total TM, which provides the same attention to detail and process that large law firms do at a fraction of the price. Now for me personally, I like Emerge Council because of their philosophy. Their goal is to maximize IP protection while minimizing the price. So before you decide to register a trademark by yourself or file for other IP protection, such as a copyright or a patent, check out Emerge Council first and get a free consult.

31:06
For more information, go to emerge council.com and click on the Amazon sellers button and tell Steve that Steve sent you to receive a hundred dollar discount on the total TM package for Amazon sellers. Once again, that’s merged council.com over at EMERGECOUNSEL.com. Now back to the show. Let’s talk about content marketing a little bit. Are you writing primarily to tell a story or are you writing for

31:35
the intention of ranking in search? do no, nothing is with the goal of search engine optimization. Not a single thing is with the goal of ranking. I mean, yes, we rank and we get organic traffic and we do put, you know, meta title tags and meta descriptions and maybe an H1, but there’s no keyword for thought before we create our content. Our content is all, you know, eight skincare tips for aging skin.

32:00
or how I overcame perfectionism or my battle with anorexia and what I did about it. Experiences that the women in our community are having, we’re talking about them. Women are going through their hair graying, their skin wrinkling, their hormones changing through menopause, their skin changing, all this kind of stuff. Dating after a divorce is a big one for women who are in their 50s. mean, there’s a lot of experiences that they’re having that we can talk about and we’re doing that in a number of ways. We’re writing articles. We’ve got a new ambassador program where we’re allowing our customers to

32:29
create videos about our products and also about their makeup routines. And so we’ve got a bunch of different pillars that we talk about. Sustainability is a big one. You know, how we are sustainable, why we’re sustainable, what we do in that direction. We have these sort of content pillars that we create regular content within a given sort of framework, know, tips, lifestyle stuff, ambassador stuff, sustainability stuff. You can go to the boom by Cindy Joseph blog, uh, and which, which will, which will about.

32:57
next week be on Zipify pages, my landing page builder for Shopify. We just released blogging and we’re switching it over. We currently have a WordPress implementation for our blog, but managing both WordPress and Shopify and the cross-domain tracking and the lack of, I mean, it’s just a nightmare. So we built this really sweet blog integration on Zipify pages and we’ve moved the boom blog over there and it’s about to go live. I’m pretty excited about it. But yeah, so that’s kind of like what we do for content. So what’s funny about that is when you’re articles, I guess that

33:25
Without the intention of ranking in search a lot of times those articles kind of get buried deep within the blog eventually right? So are you doing a lot of things to bring that content back to people or we we do remail on it? We remail you know any any article we track what articles and videos perform the best in terms of click-through rate engagement and purchase rate because people buy from these things too even though they don’t aren’t going to Content or aren’t going to products you can get to the our products once you get to our blog So it’s a big part of how we monetize

33:54
is keeping this content coming and anything that works, any good article, if it’s a really good one, we’ll turn it into a front end pre-sell article and run it to new subscribers and prospects. So we will use our current list to determine what is the best content and then we’ll take that and we’ll run that top of funnel. We will re-mail on our best posts, we’ll put our best ones in our email automation sequences, but a lot of our stuff just gets buried on the blog and is never used again. That does happen a lot.

34:23
So a lot of this really is just building a community, word of mouth, and social is probably your primary strategy, mainly because you’re in the cosmetics business, I would say, right? Yeah, I mean, we amplify that content. So any content, our blogs and videos and articles, our Facebook fans will see it, our subscribers will see it, we’ll amplify it on Google. So we’re paying to push that content out once it’s out there, we’re running ads to it, and we’re also emailing our list. And the idea is, you know, people get 150 emails a day, so.

34:50
We send three or four content emails a week and that generates 40 grand a week in revenue for us. Those aren’t sale emails. And then every four to six weeks we’ll either introduce a product or run, or sorry, we’ll introduce product four times a year, three or four times a year. But every six weeks or so there’s either a product launch or a sale or something like that where we have a big monetization of our community. So the content is responsible for, it definitely ROIs at a very, very solid,

35:20
number based on how much money we spend to produce it and amplify it and how well it has our see what happens is your sales work better right if you’re keeping your your community engaged if they’re seeing content from your brand in their news feeds and on Facebook and on Google and on YouTube and on display network then when you run a sale and they see sale ads they’re much more likely to engage with them so our sales work way better because we have this content strategy

35:45
I’ve heard you and Molly Pittman give a number of webinars about Facebook ads and how advertising is just getting a lot more expensive. What are some of the trends that you’ve been seeing and how have you countered them? Some of the negative trends, I should say. I mean, since we’ve been online, Steve, I think advertising costs have gone up on average 15 % year over year. Oh, yeah, actually more than that for me in some cases. Yeah. Yeah, me too. You know, I don’t think it’s going to change. And, you know, I think that there’s a lot of cool stuff you can do. And I think one of the biggest opportunities is short form.

36:14
video content, so sub 15 second video ads on Instagram stories, Facebook, mid roll videos, Facebook. I think if you’re not doing short form in addition to whatever normal video ads you might be running, then you are definitely missing out on the cheap inventory at the moment because that’s where all the cheap inventory is. Of course, you also have to have the longer form videos and what most people aren’t doing is also mixing in image ads, GIF animation ads and carousel ads because you know, Facebook is only going to show

36:44
user a video ad a few times it’ll show it but it’ll show that same user if you’re targeting let’s say a lookalike of your buyers or something or even just you know people who are fans of Ezra Firestone digital marketer or whatever you know what I mean if targeting any group of people and you have multiple types of creative images videos gifts short form long form carousels that prospect in that targeting group will see more ads from you because you have more diverse

37:11
sort of ad creative that Facebook is willing to show them. In addition to that, most people only run conversion focused ads designed to generate either add to cart events, purchase events, or even email leads. If you’re only ever running conversion ads, again, Facebook’s only gonna show a certain amount of conversion ads to every prospect. If you also have 10 % of your budget in brand awareness, in dynamic product ad or catalog sales, in Messenger,

37:38
where you’re clicking the messenger. Like if you’re using different objectives within the platform, even at a small percentage of your budget, you’ll reach way more people in your audience because those objectives have a much lower cost per thousand people, CPM, cost per impression. even though you’re spending less of your budget on these other objectives, you’re actually reaching way more people than you would if you were just using only conversion focused ads. Let me ask you this. I mean, your team is like over hundred people now.

38:06
And to do across three different companies and fair. Yeah, so, you know, it sounds really fancy, but I want to just give transparency into that, which is 40 of those 100 people are on the development team for Zipify. So that’s a big chunk of folks. And we rather develop a whole and that is my only physical location. All the developers are in one place. And then, you know, let’s say 20 on boom and then, you know, essentially it’s almost like 20 boom, 30 Zipify and

38:35
10 or 15 smart markers, of mixed up in that way. I was just going to say, to create the number of creatives necessary to do all this testing on Facebook, Instagram, short stories and whatnot, it kind of requires a lot of effort on your part. So if you don’t have a large team, would be your recommendations for kind of like a more bare bones approach? Yeah, and I mean, I think that’s another kind of limiting belief. With Boom, for example, we have like

39:05
five videos that we’ve been running for the last like two years. mean, yes, we mix them up and edit them in different ways. You don’t actually need a lot of creative. You just need good creative. And so one video editor or one graphic designer is actually plenty and you can freelance that. You you can hire a freelance video editor and you can shoot videos on your iPhone or you can hire a freelance designer and make GIFs and images. And basically you can run the same thing for months and months and months until it stops working.

39:34
Or if you’re spending a lot of money, yeah, then you’ve got to refresh your ads quite often. But if you’re spending less than four or five hundred bucks a day, you don’t need to refresh your ads that often. mean, Zipify, for example, you’re probably seeing the same Zipify ads that were running four months ago running now because I’m only spending, let’s see, you know, 50 bucks a day or something amplifying Zipify. So you don’t need actually that much creative. It’s more about.

40:00
quality creative that’s going to engage the particular audience and yeah, you got to test that. So when you’re first launching, you might need to try three or four different videos, five different videos, a couple different images, but you only need one team member in that role to support that. So for Zipify, I only have one designer. For Boom, I only have one designer, although I also have a video editor. SmartMarketer, I also have a designer and a video editor, so I have two. But you could freelance those roles. could buy that on an as needed basis.

40:29
through service providers. This is actually a question, this is kind of a different type of question, but I’ve always wondered how Zipify kind of falls into your overall strategy. Is it just because you were doing all these things with Zipify with Boom, like the equivalent functionality that you decided to create this SaaS company? So I, yeah, I believe in permaculture as a business model, and permaculture is a farming term, and what it means essentially is to reuse all of your resources to their greatest benefit.

40:59
capture the rainwater, water the garden, take the chicken shit, use it for the compost. Like take all your food scraps and use those for the compost. Use everything that you can to further your goal. And a lot of people think that they need stuff outside of what they already have, but they just haven’t taken inventory of the assets that are actually around them. And so this is a rule that I live my life by instead of looking outside of what I already have access to.

41:26
Let me look at what I have access to and how I can better utilize that. And if you look at my business model, it’s very permaculture. Um, take a look at this. It’s like, okay, I innovate in the direction of e-commerce first and foremost with boom and any other e-commerce business I’ve had over the years. Then I take whatever works and I document that and I share that on my blog with smart marketer and I offer that to business owners and I create courses that are in depth and I sell that. And then I take the money from those courses and I put it back into the e-commerce business. And then

41:55
I was also back since, I mean, 2011, 2012, doing development services. I was building websites for people on Magento, OS Commerce, XCart, PrestaShop. I understand the e-commerce customer journey and also the technology that powers that from the early days of before Shopify, BigCommerce, and Volusion were the big three, from the Magento days, the Yahoo Store days, the XCart days, the PrestaShop days.

42:24
I’ve been in this industry and I’ve also had a mind for development. Now, granted, I’m not the greatest developer myself, but I, I know how everything talks to, to, I know how every piece of technology talks to every other piece of technology to create the customer buying journey. And I I’ve always sold services. I had an AdWords services agency from 2008 to 2012. I had a Shopify, um, and sort of every other platform development agency from 2011 to 2015. And with services,

42:54
I failed miserably. mean, it may be my worst ever business venture. I had a real hard time in my life, setting boundaries in general, and that spilled over into my services agency. And I think I sold three or four million dollars in services and made like 30 grand in profit, maybe, because like what would happen is I’d sell someone a website and then they’d come back and say, hey, can you do this? And I’d be like, sure. And I go back to my developers, hey man, we need to do this, you know.

43:22
And basically I just never figured out how to really set a container around a sale. So I was just like doing stuff for people like forever because I didn’t, yeah, I didn’t quite have a command of boundaries, which is something I had to learn. And that’s something that served me well since I have picked up on how to do that in a way that feels good to the person I’m setting the boundary with. But when I, so I’ve always done development and sold development and I only stopped because I couldn’t figure out how to make it work, but I always.

43:51
thought it was a good business and thought I could do well in it, but I didn’t love so much talking to people or being the person. Yeah, I’m a charismatic hermit, man. I want to be in my cave making stuff and then come out to your event for two days and then go back to the top of the mountain where I get to be alone and make things. I I’m not the best service provider because I don’t want to talk to the client. But what I discovered, so I was taking a look at the Shopify ecosystem and I actually,

44:20
In 2014, I created a WordPress plugin for Amazon business owners, maybe it was 2013, that allowed you to do the one-time giveaway coupons where you could give a product away for a dollar and give them a coupon and this and that. That was kind of the strategy for ranking on Amazon back then. And so this WordPress plugin allowed you to collect an email address, give them a one-time Amazon coupon, follow up with them, build a landing page. It was a pretty sweet little plugin called Booster Page. And I think I spent like 30 grand to make it.

44:47
and about 380,000 in revenue on it. So it was extremely profitable and it was a monthly subscription. Of course I had to keep it up to date, but the update of the development, you know, was not that much. And so basically I was like, oh, so the way that you make development work is you don’t sell a one-time fee, you sell a subscription, you do software as a service. And so once I figured out the software as a service model, I’d always had the goal of when it, you know, I want to get back into the development game and I want to do it as a

45:16
product rather than you are buying me and my time and my consulting, you are buying this product that I’ve created that is essentially thousands of lines of code that create an experience for you when you log into it and do things to help you. But you’re not buying Ezra, you’re buying this individual product that you pay for on a monthly basis. So I liked the idea of recurring revenue of selling development and yeah, I mean, I am developing things for my site all the time and anything that works, I roll into my landing page builder or I roll into my upsell builder. So

45:46
Essentially, it’s permaculture all over again because I’m taking what’s working for me and my students in my mastermind and I’m developing that into the application and open sourcing that for my customers who can buy that on a monthly subscription. But what I underestimated was how difficult that business model is, is far and away the most difficult business I have ever been involved in by a factor of 15 or something. It’s very resource intensive too, right? It’s so hard. It’s like so, so hard. But

46:16
It’s really fun. It’s kind of a never ending spiral of integrations and madness and Shopify changes something and just like it’s crazy. Uh, and the product is amorphous. It’s like with boom, I’m selling a tub with goo in it. And when I, when I, when I scale, it’s like more tubs, more goop, more labels and ship them. mean, it’s really great goo and it’s amazingly well made and all. It’s a really wonderful product, but it’s very simple. Um, zipify is like a code base that’s always changing. And so like,

46:46
I don’t need just a manufacturer and then someone to ship it. I need front-end engineers, back-end engineers, QAs, project manager. I mean, it’s crazy. The product side of it is very, very difficult. How do you actually allocate your time between your three businesses? You know, I kind of do what is needed when it’s needed. I mean, that doesn’t give you good answer, but each business has a project manager who is responsible for all ongoing operations who you could label essentially a COO.

47:15
And then I have a president who kind of swings across all companies and is sort of like dipping in to the key projects when needed. And he’s really great. And so, you know, I might spend a week or two working only on boom and then a week or two working only on smart marketer. I might have a week where I do, you know, all of them in the same day. So it’s just kind of like as needed. But each of the companies at this point has very strong leadership and a very clear and cohesive direction and ongoing operations. And so we’re no longer, none of them.

47:45
are any longer in the startup phase where it’s like, we don’t really know what we’re doing. It’s all chaos. It’s like every one of them has consistent ongoing clear operations and objectives and team members. And, know, with smart marketer, had a big change because I was both the lead educator and also the lead kind of person who was doing strategy and content and all this stuff. And I found that as boom scaled and as zipify scaled,

48:13
I was no longer having time and energy to keep the courses up to date. And so with smart marketer, I’ve kind of transitioned to the main thing that we sell or the main thing people want to buy from us is training on paid advertising. And I’m really good at teaching that because I’ve been doing it for a long time, but Molly Pittman is also really good, if not better at teaching that. And so she’s now come on board to be the lead advertising educator, which has kind of freed me up. And then I’ve got Colleen Taylor teaching a course for me, Brett Curry teaching a course for me. So

48:42
Now with SmartMarketer, I’m no longer the one responsible for the courses, even though here and there I will do a course and I really like it, but it’s more like I am the guy who’s out there speaking on stages and generating awareness, because I can do that better than anyone else, getting people to know about us, and then the monetization or the product side of it is done by other folks, which is kind of cool. Okay, yeah, that makes total sense, Ez, I want to be respectful of your time here. We’ve been chatting for like 45 minutes.

49:11
Where can people find you? Where can people check out your products and see for themselves what you’ve been up to? That’s I got a little sidetracked there because I was going to go on another tangent about something. But go on the tangent. Go for it, man. Well, it just, you know, was going to say that I think what you do is super cool. You know, you do this podcast and you also run a bit. We have very similar businesses. And I think that this that in today’s world, anyone who wants to do something

49:41
and then talk about what they’re doing and share that and share tips has this opportunity to be an influencer. I mean, maybe a micro influencer, but an influencer to a group of people who are sharing a collective experience who are interested in getting better at that experience over time. And I think that there’s a lot of rewarding things that are available when you build a community around a given topic. not only can you monetize that community by selling products, but like then

50:07
you make friends with people in that community and like it’s just a super cool thing to do. And I just wanted to like anyone who’s listening to this, who maybe has considered the potential of putting themselves out there and starting a Instagram handle or a YouTube channel. Like I could not recommend it more highly. And, and you know, you’re talking from someone who’s pretty much introverted, even though that is not my public persona and I’m really good at turning it on on stage and being my authentic self and sharing that. like in general in my life,

50:35
I’m not like, if I get into a big room of people at a party, like I don’t know how to handle that situation super well. I like smaller groups, so I just think that this opportunity is available to anyone. I can definitely agree with that. Nothing ever bad has ever happened from creating content. Nothing bad can, only good things can happen. Totally. As long as you keep it up on a consistent basis. Consistency is the key. So you can reach me at

51:00
at Ezra Firestone on Instagram. That seems to be the hottest place right now. I can tell because it used to be when I spoke at events, I would get Facebook likes, know, a couple hundred Facebook likes. I don’t mention my, my, I don’t say go follow me, but I would just watch. And then like a couple of years ago, it was like all of a sudden I was getting followers on Twitter. And now every event, I literally get no Facebook followers, no Twitter followers, but I’ll get hundreds of Instagram followers. So it seems that Instagram is like kind of the go-to platform at the moment. So you can find me, uh,

51:29
at Ezra Firestone on Instagram or you can go to my blog smartmarketer.com or if you’re a Shopify person you can go to the Shopify app store and type in Zipify, Z-I-P-I-F-Y. You know it’s funny Ezra, we are very similar in what we do and SaaS is missing from my portfolio and I actually was thinking about doing a SaaS company for a long time but just after talking with you and a bunch of other people like my kids are my primary priority and it seems like it’s all consuming.

51:57
It’s in the first year to 18 months, it’s a very big cycle. But I will tell you, one of the ways to look at this, Steve, from one of the things I’m looking at, and I think this is the last run I will go on, but I think it’s really important. I think the game that we are playing is resource generation. And I think that a lot of people will say, what are we doing? Well, we’re optimizing our businesses so that they’re more profitable and perform better over time. But it’s like, yeah, but for what? To generate.

52:22
as much resource as we can in the time that we have to work and then to use that resource towards causes that we find noble, taking care of our families, supporting our communities, serving the world and taking care of the world. when we look at what are the most effective ways to generate resource, I’m looking at, most people look only three to six to nine months ahead. I’m looking at, I think you need to look further. I’ve got 20 years left at this pace. I’m 32, I’ll be 33 in a couple of months. I’m not gonna be working at this pace.

52:49
much later than my early 50s and then I’m going to be slowing way down, I think. So, okay, I got 20 years, right? And I have some high revenue goals and profitability goals and wealth creation goals because I have a lot of direct people in my family of where I was raised. I got 60 hippies to support. I got a lot of people I’d like to take care of. got a lot of things I want to do in the world that require large amounts of resource. So, as I understand it and have looked at the game of wealth creation, it’s

53:18
You know, cash flow businesses do not, will not get you there if the goal is massive amounts of wealth creation, which is a fun goal to have. And if you’re going to play the game, why not have that goal? So what gets you there is asset liquidation. So the monetization of assets that you own and have equity in, and then the deployment of that capital into the market to acquire other assets, let them appreciate and then liquidate those. And the most common way to do this in the

53:45
you know, 70s through today has been through real estate, right? Take your money, buy an asset, let it appreciate, sell it. But I think that, you know, the way that I am playing this game is to either purchase, operate and grow businesses and then liquidate them or build, operate and grow businesses and then liquidate them and then use that money to deploy in the marketplace. And when I looked at smart marketer, smart marketer is a cashflow business. You could never sell it. It’s built around my persona. So what was a way that I could

54:12
create an asset from this community that I have gathered around my persona who I am serving, well, Zipify could be sold one day. Zipify is an asset and the beauty of a SaaS business is the multiple that you will receive on the SaaS business is even higher than the multiple you receive on an e-commerce business because SaaS businesses are generally valued for a multiple of revenue, whereas e-commerce businesses are generally valued for a multiple of profit. So I do think at some point,

54:39
If you have the community and the desire and the skill set and the, you know, interest, it’s not a bad experiment because it would result in a very valuable asset, uh, even if it’s very small. mean, let’s say you built up a small little app that wasn’t super complex. You only needed a couple of developers for, and it only made a hundred grand a year. I mean, that could end up being worth between 500,000 and a million dollars free and clear liquid in your pocket. Uh, if you ever were to monetize that asset, which is a

55:07
a huge sum of money in liquid cash. especially considering even if you have a million dollars in liquid cash, you can put a hundred or two hundred of that thousand down towards the acquisition of an asset and take a loan. mean, it affords you opportunity that not having large sums of money doesn’t afford you. I know you already know all this, but I’m just saying it for the audience. And this is just something like our mutual buddy, Drew Sinaki does all the time. Exactly. So anyways, I think you should do it maybe someday.

55:35
Thanks, well we’ll catch up at the mini chat conference. I’m eager to hang out with you. Yeah, looking forward to it. Hey man, thanks for having me on the show. I really appreciate it. Thanks a lot for coming on. Take care. Hope you enjoyed that episode with Ezra, which is actually one of the favorite ones that I’ve ever recorded with him. More information about this episode, go to mywebcoderjob.com slash episode 499. And once again, tickets to the Seller Summit 2024 are now on sale over at sellersummit.com. If you want to hang out in person in a small intimate setting,

56:04
develop real relationships with like-minded entrepreneurs and learn a ton, then come to my event. That’s SellersSummit.com. And if you are interested in starting your own eCommerce store, head on over to MyWifeQuarterJob.com and sign up for my free six-day mini course. Just type in your email and it’ll send you the course right away. Thanks for listening.

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498: Top 5 Most Profitable Side Hustles You Can Start Today (With No Money) – Family First Friday

498: Top 5 Most Profitable Side Hustles You Can Start Today (With No Money) - Family First Friday

In this Family First episode, I’ve compiled a list of the most profitable side hustles that you can start this year.

The margins on some of these business models are greater than 90% and you can start most of these directly from your home.

What You’ll Learn

  • Profitable Business #1: Blog
  • Profitable Business #2: Sell An Online Course
  • Profitable Business #3: E-commerce Store
  • Profitable Business #4: Service Arbitrage Business
  • Profitable Business #5: Affiliate Marketing

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Ready To Get Serious About Starting An Online Business?


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497: The 3 Step Plan To Ditch Regret And Tap Into Your Massive Potential With Jon Acuff

497: The 3 Step Plan To Ditch Regret And Tap Into Your Massive Potential With Jon Acuff

Today I am thrilled to have John Acuff on the show. John is a New York Times bestselling author of eight books, including his latest book called All It Takes Is A Goal.

Jon is also one of Ink’s top 100 leadership speakers and has spoken to hundreds of thousands of people at conferences and events. And for the last 20 years, he’s helped some of the biggest brands tell their story, including Home Depot, Bose and Staples.

In this episode, Jon is going to teach us the levers we must pull to take action with our goals.

What You’ll Learn

  • The 3 Step Plan To Ditch Regret
  • How to find the levers that you need to pull to take action on your business
  • How to tap into your full potential

Other Resources And Books

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If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


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496: Forget China! How To Import From India And Save 37% On Your Products – Family First Friday

496: Forget China!  How To Import From India And Save 37% On Your Products – Family First Friday

In this Family First Friday episode, I teach you how to go beyond sourcing from China, find great suppliers in India and get the lowest prices possible.

Check out this India Sourcing Trip organized by my friend Meghla Bhardwaj. This is an 8-day learning, sourcing and cultural guided tour to India.

Use the code STEVE for $300 offhttps://www.indiasourcingtrip.com.

What You’ll Learn

  • What You Should Source From India?
  • How Do You Find A Manufacturer In India?
  • The Products India Excels At Making

I Need Your Help

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Ready To Get Serious About Starting An Online Business?


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495: How To Make An Extra $100k This Year By Optimizing Your Financial Stack With Bill D’Alessandro

495: How To Make An Extra $100k This Year By Optimizing Your Financial Stack With Bill D'Alessandro

Today I have my good friend Bill D’Alessandro back on the show. Bill is the founder of the ecommerce company Elements Brands and the host of the Acquisitions Anonymous podcast. He also does a bunch of consulting and coaching, and he’s spoken at my annual ecommerce conference, the Sellers Summit.

In this episode, Bill is going to teach us how we can make an extra $100,000 per year with just a couple of small changes to our financial stack.

What You’ll Learn

  • How to optimize your banking
  • How to optimize your credit cards
  • How to optimize your cash flow

Other Resources And Books

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EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Chase Dimond – Chase Dimond is my go to guy when it comes to email marketing and he runs email campaigns for many 8 and 9 figure ecommerce brands over at Structured Agency. If you want to learn the right way to do email marketing, check out his course! Click here to join his class!

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

494: The Blueprint For Making $100K+ With A Shopify Store – Family First Friday

494: The Blueprint For Making $100K+ With A Shopify Store – Family First Friday

In this Family First Friday episode, I provide you with a blueprint that all successful Shopify stores follow to make 7,8 and even 9 figures with their online store.

It is a blueprint that when executed properly almost guarantees success.

Tools Mentioned

My Free Mini Course –Join for free
PickFu – Get 50% Off Pickfu
Ahrefs – Try Ahrefs

What You’ll Learn

  • 3 Things Customers To Look For While Shopping
  • How To Collect Emails And Phone Numbers On Your Site
  • How To Generate Traffic And Sales

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

493: The Easiest, Maintainable Way To Run Ads For Your Online Store With Brett Curry

493: The Easiest, Most Maintainable Way To Run Ads For Your Online Store With Brett Curry

Today, I have my good friend Brett Curry back on the show. Brett runs OMG Commerce, which is an ecommerce agency that specializes in PPC advertising.

In this episode, we discuss a way to advertise your products on Google that is about as hands off as it gets. And, it works really well for ecommerce stores.

If you aren’t running Google Performance Max ads yet, you should give it a shot.

What You’ll Learn

  • What’s working in the world of advertising right now
  • Which ad platforms are converting the best depending on what you sell
  • How to set up Google Performance Max ads

Other Resources And Books

Sponsors

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Chase Dimond – Chase Dimond is my go to guy when it comes to email marketing and he runs email campaigns for many 8 and 9 figure ecommerce brands over at Structured Agency. If you want to learn the right way to do email marketing, check out his course! Click here to join his class!

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

492: How To Find A $5000/Mo Product To Sell In 10 Minutes – Family First Friday

492: How To Find A $5000/Mo Product To Sell In 10 Minutes – Family First Friday

In this Family First Friday episode, I teach you 4 different methods of finding profitable products to sell on Amazon, Shopify and Ebay.

Thanks to software tools like Jungle Scout, Ahrefs and ZikAnalytics, you can get accurate data on the sales of practically any product being sold online.

Jungle Scout – Get 30% Off Jungle Scout
Ahrefs – Try Ahrefs For Free
Zik Analytics – Try ZikAnalytics For Free

What You’ll Learn

  • How To Find A $5000/Mo Product To Sell Online
  • How To Use The Opportunity Finder Tool From Jungle Scout
  • Different Methods Of Researching Profitable Products

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

491: The Future Of Ecommerce In The Face Of AI And Other Changes With Mike Jackness And Toni Herrbach

491: The Future Of Ecommerce In The Face Of AI And Other Changes With Mike Jackness And Toni Herrbach

I just returned from Las Vegas where I got to speak in front of 1300 people at the Alibaba CoCreate Conference.

And what’s cool is that I was able to meet up in person with my good friend Mike Jackness and my business partner, Toni Herrbach.

In this episode, we discuss the future of e-commerce in the face of AI and other changes in the industry.

What You’ll Learn

  • Where the cheese is moving in the ecommerce industry
  • How artificial intelligence will fundamentally change ecommerce
  • How the sourcing landscape is changing

Other Resources And Books

Sponsors

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Chase Dimond – Chase Dimond is my go to guy when it comes to email marketing and he runs email campaigns for many 8 and 9 figure ecommerce brands over at Structured Agency. If you want to learn the right way to do email marketing, check out his course! Click here to join his class!

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

490: BEWARE! The 4 Absolute Worst Businesses To Start In 2023 – Family First Friday

490: BEWARE! The 4 Absolute Worst Businesses To Start In 2023 – Family First Friday

In this Family First Friday episode, I reveal the worst businesses to start this year.

Not every side hustle opportunity is a good one and not every business is suited for every person. Plus, the business landscape is constantly changing and some business models are simply no longer viable.

What You’ll Learn

  • Worst Businesses To Start In 2023
  • How To Avoid Potential Pitfalls And Financial Headaches
  • Why Certain Business Models No Longer Work

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!