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Steve Chou Profile picture
@mywifequit
May 20, 2021 • 8 tweets • 3 min read • Read on X
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I run two 7-figure businesses (a blog and an ecommerce store)

Here are my must-have tools to run both of them:

(Quick thread)
Webhosting: Storm on Demand.

Normal fully-hosted shopping cart platforms would charge me $500 for everything I host.

Storm is just $50 and has fantastic customer support.
Shopping Cart: Shopify

You saw this one coming.

My site is on a HEAVILY modified version of OSCommerce, but I recommend you start with Shopify.

If it ain’t broken…
Email Marketing: Klaviyo

There’s no better tool for ecommerce email marketing than Klaviyo.

Easy to integrate, profitable and trustworthy.

Klaviyo can make you A LOT of money.

Just ask @ecomchasedimond
Email Signup Forms: Privy

I increased my email signups with Privy by 131%.

It just works.
SMS Marketing: Postscript

Facebook is controlled by Mark Zuckerberg.

Twitter is controlled by Jack Dorsey.

But no one controls phone numbers, they can’t take them away from you.

I’ve seen click rates of over 20% here… It’s incredible.
Facebook Messenger Marketing: Manychat

Manychat allows you to create flows and campaigns on Facebook Messenger.

My open rates are 5X better than email

My click through rates are 8X better than email

My revenue per subscriber is about 3.5X better than email

I love it.
These are just a few of the tools I use, but they’ll help you out A LOT.

If you’re interested in creating an ecommerce store, join my free 6 day minicourse below:

mywifequitherjob.com/how-to-open-an…

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More from @mywifequit

Steve Chou Profile picture
Jan 5, 2023
How to make $1,000,000 / year from a simple blog

Even if you hate writing and don't know what to write about:
In 2016 I made over $1,000,000 from my blog.

It took me 7 years to get to 7 figures.

But here are all the lessons you need to do it much quicker 👇
First off, let me say I'm not a natural writer.

I hate it.

And for two years even my Mom didn't read my blog.

(She still doesn't, but 275,000+ other people do each month.)

In year 3, the magic happened...
Read 17 tweets
Steve Chou Profile picture
Dec 29, 2022
Give me 2 minutes and I'll show you the 1 change you need to make if you want to build a six-figure business in 2023

👇
I've bootstrapped two 7-figure businesses and in our first year in ecom we made 6 figures.

So it's fair to say I'm self-motivated and independent.

But here's the thing...
...When my friends go out constantly,
I go out constantly.

When my friends are all fat,
I get fat.

When my friends succeed,
I get driven to succeed.

It turns out that all my goals are driven by my peer group.
Read 18 tweets
Steve Chou Profile picture
Dec 20, 2022
The most important skill you can teach your kids:

Entrepreneurship.

I started two $1,000,000+ businesses and have been teaching my kids to be entrepreneurs since they were 9.

Here are the 14 best businesses to start with your kids:
Here are the criteria for a good kid business:

- Home Based.
- Flexible Hours (they still have school).
- Cheap (most kids are poor).

Bookmark and retweet this thread so you can share it with your kids later.
1. Print On Demand (POD) T-Shirt Business

This is great for teens because you can start for less than $3 with a POD company.

You don’t have to carry any inventory, there are no minimum order quantities and it requires zero upfront cost to get started.
Read 27 tweets
Steve Chou Profile picture
Dec 15, 2022
I've been in online business for 15 years

Now I make over $2,000,000 / year with my businesses while working 20h a week.

Give me 2 minutes and I'll show you 9 secrets to my success that I spent 15 years learning:
I've taught thousands how to start 6 or 7-figure online businesses.

95% of the time, these 9 simple secrets are the difference between success and failure.

(P.s. this thread took time to write, so if you could hit retweet on the first tweet, that would be great.)

Secret 1 👇
1. Start selling now.

If you're new to online business here is what you need to do:

Sell ONE product to ONE person.

That's it. Don't worry about creating a family of products, building a website, seven traffic sources etc.

Just start selling.
Read 13 tweets
Steve Chou Profile picture
Dec 8, 2022
In 2021, Amazon made $469,822,000,000

You only need 0.0003% of that to make six figures a year.

Here are 12 ways to make money on Amazon:
Most people think of Amazon as a place to SPEND money.

But you can also make life-changing money SELLING on Amazon.

Because the Amazon marketplace is so large, there’s a huge opportunity for anyone looking to start a small side hustle or launch a full-blown Amazon business.
There are so many ways to make money on Amazon and I can't cover all the details in this thread.

So you can click here: mywifequitherjob.com/category/how-t…

And hit "Get Started" to get a free email course on how to sell on Amazon. Plus lots of other resources.

On with the thread!
Read 32 tweets
Steve Chou Profile picture
Dec 1, 2022
I built two $1,000,000/year businesses while working full-time with 2 kids

The secret?

Asian parenting.

Here's how you can apply it to your life (even if you're not Asian):
I get crazy looks when I tell people about going to nerd camp in 7th grade, or studying for SATs in 4th grade.

They think I had the worst childhood ever.

But looking back, the life lessons I learned then are why I succeed today.
Lesson 1: Get Used To The Grind

When parents tell me all they want is for their kids to be happy, I shake my head and chuckle inside.

If I let my kids do whatever made them “happy”, they’d play IPad games 24/7, eat candy for dinner and skip school to watch YouTube.
Read 20 tweets

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