How I Built a Six-Figure Online Store -- with Steve Chou from My Wife Quit Her Job

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 18 July 2016

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#34: Steve Chou's wife used to work grueling hours at a job she dreaded and despised. When she became pregnant with their first child, she decided to quit. The problem? She earned six figures, and their family needed that income. She opened an online store, buying handkerchiefs wholesale from China and retailing these online at a significant markup. She and Steve worked together to build a retail website and find customers. They bought Google Ads; they wrote blog posts; they created seller accounts on various shopping portals. They earned more than $100,000 in their first year of business. In this episode, Steve explains how he and his wife earn six figures as online retailers while enjoying a much more relaxed, liberated lifestyle. He offers pointers for anyone who's interested in making money selling goods online -- either as a side business or as a method for quitting your day job. For more, visit http://podcast.affordanything.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, hey, this is the Afford Anything Podcast, all about making better decisions with your
0:08.0	money, time, energy, focus, attention, and life.
0:11.6	My name is Paula Pant, I'm the host and today we're going to talk to someone who's
0:15.3	situation you might be able to relate to.
0:18.0	His name is Steve Chu, and back in 2007, he and his wife felt like they were just getting
0:24.7	by.
0:25.9	They had good educations and good jobs, but they weren't loving life.
0:30.6	They weren't really enjoying their work, and his wife in particular was very unhappy with
0:36.4	her career.
0:37.9	One of the main things that kind of caused us to want to change our lives is because my
0:41.8	wife really hated going to her day job every single morning she would complain that she
0:47.6	was going to the hellhole she called her job and she would go and this cycle just kept
0:51.8	on repeating.
0:53.2	So when you're in a job you hate, ideally you'd quit.
0:57.2	The problem is that sometimes you need money, and that was the situation that Steve and
1:02.6	his wife found themselves in.
1:04.9	She was earning $100,000 a year and they couldn't really afford to lose that income, so they
1:10.1	found an unusual solution.
1:13.3	They built an online business, but not a freelance-based business or a consulting business.
1:20.6	They decided that they were going to start selling physical products online.
1:25.6	In effect, they built an online store, complete with shipping, labels, customer service,
1:31.7	the whole nine yards.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Paula Pant | Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Paula Pant | Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.