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More from @mywifequit

Steve Chou

@mywifequit

7 Aug

MYTH: You need $1000's to start an online business.

TRUTH: You can do it with less than $10.

Here's how YOU can start a T-shirt business with just $3

(and start making sales immediately)👇

//THREAD//

Step 1: Decide On A Niche

Before you do anything else,

You need to decide on a niche.

(this is probably the most important step in the whole process!)

Figure out your ideal customer and base your designs around that.

Use this to solidify a customer avatar👇

Step 2: Validate Your Designs

Biggest upside of starting a T-shirt company?

It's cheap + requires no cost of goods (usually).

So,

You can validate your niche without risking any money.

Read 18 tweets

Steve Chou

@mywifequit

5 Aug

9 Simple Tips for writing killer eCommerce product descriptions that convert like crazy!

(this can 2x your product sales overnight)👇

//THREAD//

Before I start,

Understand this:

You’re not selling an item or a course or service or any other product...

You’re selling a fantasy.

Sell what the product does, not what it is.

This is the foundation for writing product descriptions that sell your products like hotcakes.

Tip #1 – Use The 5 Ws (And 1 H) To Understand Your Audience

Your descriptions must explain:

>who
>what
>where
>when
>why
>how

Writing product descriptions that sell is about laying out the facts and showing customers why they need your products in their lives.

Read 14 tweets

Steve Chou

@mywifequit

15 Jul

In 2007, my wife & I quit our jobs to start an online store

Today?

We run two 7-figure online businesses

In my opinion, eComm is the best route to get started.

Here are the 4 most common eCommerce businesses you can start today (and make money from within a month)

/THREAD/

#1 Dropshipping From Your Website

Dropshipping is a classic way to make money online.

Basically, you 'dropship' products from wholesalers and sell them at a higher margin on your own website.

You sell someone else's products by doing your own marketing.

Pros:
- no inventory
- minimal startup costs
- you don't do fulfillment

Cons:
- saturated
- fulfillment issues
- low profit margins (10-30%)

Dropshipping is perfect for learning the ins and outs of eCommerce without much risk.

Read 10 tweets

Steve Chou

@mywifequit

11 Jul

3 Ways YOU Can Sell Products Online...

...WITHOUT Any Inventory!

(this means less stress, shipping issues & customer service) 🎯

// THREAD //

1. DROPSHIPPING

You've heard of dropshipping.

Instead of manufacturing and shipping products yourself, you act as the 'middle man'

You do the marketing, connecting customers with the manufacturer.

There are pros and cons to this business model.

✅ Pros:
- no inventory
- no shipping for you
- low startup costs
- you only need a website + traffic
- mostly low-risk

Read 14 tweets

Steve Chou

@mywifequit

3 Jul

** HOW TO BECOME A MILLIONAIRE **

(6 Ways I've Made Seriously Big Money... And How You Can Do It, Too)

//THREAD//

Here's the hard truth:

You'll never make life-changing money working a 9-5.

I should know - my wife and I worked office jobs we hated.

That all changed when we dove headfirst into online business... and never looked back.

Hopefully this will help someone in that position

Method #1: Work At A Startup Company That Provides Equity

When I said you'll never make life changing money working an office job?

This is one of the few exceptions to that.

Read 18 tweets

Steve Chou

@mywifequit

1 Jul

How to make $1,000 FAST...

...while also building a long-term business that could potentially change your life.

(Step-By-Step)

// THREAD //

Step 1: Write Down What You Are Good At

This 1st Step is important.

To get someone to pay you $$$,

You MUST be able to provide value.

So...
>How can you provide a benefit that someone is willing to pay for?
>What can you teach someone that will improve their life?

Most people don't believe they are an expert in anything...

But this is the completely wrong mindset!

You just need to know more than whoever you are teaching.

You don't need to be THE expert...

...you just need to be A expert.

Write down a complete list of ALL your skills.

Read 14 tweets

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