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The Tom Woods Show

BONUS Ep. 852 Entrepreneur Leaves High-Salary Job He Hates, Becomes Master of eCommerce

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 20 February 2017

⏱️ 36 minutes

🧾️ Download transcript

Summary

Steve Clayton has guts. He held a top position at Labcorp, where you've likely gone if you needed blood work done. Hundreds and hundreds of people reported to him, and he earned a fortune. But one day he decided: I hate everything about this job, and I refuse to do it one moment longer. So he left.
 
Eventually, Steve went into eCommerce, and began building 7-figure online stores that he can run from wherever he is in the world. He's one of the world's foremost experts on eCommerce, and in particular how the little guy can create an online store as an additional income stream.
 

Transcript

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0:00.0

The Tom Woods Show, episode 852, bonus episode.

0:04.2

Prepare to set fire to the index card of allowable opinion.

0:08.8

Your daily dose of liberty education starts here, the Tom Woods Show.

0:15.0

Hey everybody, Tom Woods here. This is really great. I've got Steve Clayton with me today.

0:20.0

This guy, he's got, I don't know, he's just got gutsiness written all over him. Here's a guy who worked for a company you will all have heard of. If you've had blood work done, you've almost certainly gone to this company. And he was in charge of hundreds of people. He was a vice president and doing great.

0:37.8

Earning a ton of money doing great. And then one day he said, you know, I absolutely hate this.

0:44.0

I hate every minute of this and I can't stand doing it one moment longer. And that was it. He stopped

0:49.2

doing it. Now, you would think this guy must be out of his mind. He's got the, he said, this fantastic

0:53.6

income and he's walking away from it. But that's of his mind. He's got this fantastic income, and he's

0:55.4

walking away from it. But that's what he did. He said, I just, I don't want to live this way.

0:59.7

So what he wound up doing instead, he got into doing affiliate marketing, which he did for a little

1:05.7

while, earned a ton of dough that way, but his business model didn't work anymore after the rules of Google AdSense were

1:12.8

changed. So then he looked into what's the, I think, maybe the most, maybe the most common way

1:18.8

people build online businesses, which is just to open a store. Same way you'd be a common way to

1:23.8

open an offline business, open a store. Except when you open an online store,

1:28.2

you don't have to take out a million dollar mortgage and cross your fingers that your life

1:32.0

doesn't wind up ruined. And plus with an online store, you can experiment with the products.

1:38.3

You don't have to worry about, well, we've got eight gazillion widgets of inventory now and they

1:42.8

won't sell. You can experiment and see what does

1:45.9

sell. So in other words, it's a great model, and he became like the master of it. He was running

1:52.0

seven-figure online stores, and now he trains people to start online stores as an additional

1:58.1

income stream. So this he does from anywhere in the world, from his

...

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