128: Building a 6-Figure Online Store on the Side

steve chouNote: Click here to download Steve’s top ecommerce tips.

I met Steve Chou at New Media Expo this spring, and was fascinated by his story.

He’s built three different six-figure businesses, all while still working a day job in Silicon Valley. In fact, I was really surprised to find out he’s still working TODAY, despite all this side hustle success.

Those businesses are an ecommerce store at BumblebeeLinens.com, his blog and podcast at MyWifeQuitHerJob.com, and his online course teaching others how to get started in ecommerce.

In this episode we cover some of the initial strategies in coming up with product ideas and validating demand, sourcing so you don’t get burned, and the kind of customers you can target most profitably.

One thing to keep in mind is that Steve has been doing this for a long time, since 2006-2007, but is quite an impressive empire either way, and goes to show how the entrepreneurial path can compound over time.

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Click here to download Steve’s top ecommerce tips.

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Learn:

  • Steve’s suggestions for brainstorming product ideas (and the tools to use).
  • How to validate market demand for your potential products before you go all in.
  • How you may be able to pick up sample inventory on the cheap.
  • The different ecommerce business models and when dropshipping makes sense.
  • How to ramp up your orders slowly so you don’t get burned by poor quality manufacturing.
  • Steve’s most effective marketing tactics for Bumblebee Linens.
  • How they increase their average order value and target a business-to-business customer.
  • Steve’s #1 tip for Side Hustle Nation.

Links:

The state magnets I wanted to import:

state magnets

Free PDF Download:

Click here to download Steve’s top ecommerce tips.

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