4.8 • 1.4K Ratings
🗓️ 2 December 2020
⏱️ 17 minutes
🧾️ Download transcript
In this episode, I answer one of the top 3 questions that I get asked almost every single week. How long does it take to make money with your business? My answer will probably surprise you:) In addition, I’ll give you a quick update about my store and how COVID-19 affected BumblebeeLinens.com. What You’ll Learn The biggest mistake people make with their expectations A realistic time frame for your business How to make time irrelevant How COVID-19 has affected my business Other Resources And Books Bumblebee Linens Sponsors Postscript.io – Postscript.io is the SMS marketing platform that I personally use […]
The post 333: How Long Does It Take To Make Money With Your Business With Steve Chou appeared first on MyWifeQuitHerJob.com.
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| 0:00.0 | You're listening to the My Wife Quitter Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. |
| 0:08.0 | Today I'm doing a solo episode to answer one of the top three questions that I get almost every single week. |
| 0:14.7 | How long does it take to make money with your business? |
| 0:17.8 | But before we get into all that, I wanted to give you guys some quick updates about my e-commerce |
| 0:22.0 | store over at bumblebee linens. |
| 0:23.6 | Because many of you have been asking me about how COVID has affected our business and I'm |
| 0:29.0 | happy to say that this past November was the all-time highest month that we've ever had and were |
| 0:34.2 | significantly up for the year despite having the worst March and April in the |
| 0:38.0 | history of the company. Now the pandemic has really caused e-commerce to |
| 0:41.9 | skyrocket and in my humble opinion |
| 0:44.1 | there's no better time to be starting an e-commerce business. Now to keep things in |
| 0:48.0 | perspective I also want to give you the bad with the good. Now even though we had a |
| 0:52.1 | record number of orders the pandemic has also prevented us from hiring people to work in our warehouse, |
| 0:57.0 | so we're actually pretty short-staffed right now, and orders are coming in a little bit faster than we can actually fulfill them. |
| 1:03.6 | So as a result it's been all hands on deck. |
| 1:05.4 | I've been going to work, answer calls and that sort of thing, but it's a good thing. |
| 1:09.8 | Now the other bad thing that's happened to our store, which has nothing to do with the pandemic or anything, is that PayPal |
| 1:15.6 | decided to deprecate their old PayPal Express Checkout API right in time for the holidays. |
| 1:21.2 | And for all of you who aren't aware of what Paypal Express Checkout is and why it's important, |
| 1:26.5 | Paypal Checkout allows users to sign into their PayPal accounts and have all their payment |
| 1:31.2 | and address information imported automatically into your site. |
| 1:35.0 | And this is especially important for mobile shoppers who don't like to type on their phones. |
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