Steve Chou @mywifequit
I teach you how to build a family-first business so you can live life on your terms. Owner of two 7-figure businesses. Father & Entrepreneur. Author. mywifequitherjob.com/free Learn how 👉 Joined October 2008-
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I started my ecom store for $630. I started my blog for $10. Both now generate over $1,000,000/year. What have you got to lose?
Nobody cares about your logo. They care about the product and what problem it solves. Prioritize.
It took me 10 years to build a 7 figure blog. Most quit after year 1. That's why they fail.
I’m the laziest person I know But I still built two $1,000,000 businesses while working full time with two kids. It’s not about effort - it’s about focusing on the right things.
Some of my students: - Abby makes over $2.5m/year - Ron makes over $1m/year - Jen makes $50k/month And many more. Starting an ecom store is the best way to make life-changing money
It took 2 years of blogging before I made more than a few dollars. Even my Mom refused to read my blog. Now it's a seven figure business. Keep going.
I make $1M/year selling hankies online. I make another $1M/year blogging about it. Don’t chase an exciting business, just pick a simple idea and execute it well.
My Stanford Classmates: CEOs 8 or 9 fig companies Work 80h/week Me: Sell hankies online Flexible 20h week See my kids I don’t envy them for a minute.
Year 1 my blog made $0. Year 2 it paid the mortgage. Year 3 it replaced my job. Year 10 it made 7 figures. Don’t give up in year 1…
Some of my students make $100k within 4 months of taking my course. Some of my students never open the course and never make a dime. The best information is worthless without action.
First $1 Then $100 Then $1,000 Then $100,000 Then $1,000,000 Too many miss out on a million dollar business because they're too proud to start a one dollar business.
My 11 income streams: 1. Ecom 2. Podcast 3. Courses 4. Affiliate marketing 5. Conference 6. YouTube 7. Stocks 8. Angel investing 9. Advertising 10. Consulting 11. TikTok Never rely on only one, no matter how good it is.
7 side hustle ideas that can make 6-figures: - Ecom - YouTube - Blogging - Reselling - Dog-walking - Dropshipping - Online courses What would you add?
I don't do: - Upsells - Cross sells - Tripwires - Hidden Fees They're gimmicks, and gimmicks don't work for long. What does work? Results.
How to make life-changing money: 1. Pick a business model 2. Stick at it Most people fail because most people quit.
Wedding hankies might seem like an odd niche. But it works because it's so specific. We were the ONLY retailer selling them. Lesson in there.
5 steps to successful private label business: 1. Pick a niche + product 2. Find a factory 3. Sample the product 4. Build a store using shopify 5. Drive traffic.
Why did we pick ecom? - Startup costs: $630 - Time commitment: 20 hours/week - Potential profit: unlimited That's why.
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Grabbed a copy of The Family First Entrepreneur by @mywifequit Can't wait to get into it after watching a few of his interviews
Steve Chou @mywifequit the author of Family First Entrepreneur on his 20th wedding anniversary He was beyond entertaining and had the world room laughing 😆 and engaged It was powerful to hear how owning a small business and its success almost cost him the thing most…
Same for every information product business. Celebrate your 1st wifi sale as if it was "1,000,000 It may very well turn out to be.
Every $1,000,000 ecom store was a $100 store once. Start it, then scale it.
@mywifequit I love those goals Steve. All 3 of them are amazing goals!
@IkigaiWriter @mywifequit I have a feeling I will need this book one day, my friend.
It's Sunday, so I'm taking my time at home. I'm reading Steve Chou's(@mywifequit) book, The Family First Entrepreneur. So far, so great. I see lots of parallel in my own experience on the rat race, side-hustle culture, and sacrificing my time away from my family—never again.
@mywifequit This is beautiful! I'm glad I found you!
Meet the 2023 FinCon Big Idea Speakers! 1. @DineroPodcast 2. @mywifequit 3. Simran Kaur These guest speakers will be giving short, impactful talks on the main stage this year. Learn more about these 3 amazing speakers at finconexpo.com
Really enjoying this book. Found at the local library but gonna have to buy it. If you're interested in a business book that focuses on using your business for something other than just making loads of money it's a fantastic read. Well done @mywifequit! Encouraging read.
@mywifequit When you interviewed me on your podcast, I was already into my mid-40’s
𝘠𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘴𝘩𝘰𝘶𝘭𝘥 𝘦𝘯𝘩𝘢𝘯𝘤𝘦 𝘺𝘰𝘶𝘳 𝘭𝘪𝘧𝘦, 𝘯𝘰𝘵 𝘤𝘰𝘮𝘱𝘦𝘵𝘦 𝘸𝘪𝘵𝘩 𝘪𝘵. #familyfirst💯 @mywifequit
@mywifequit Giving your mini course I go as of tomorrow, great stuff!
"Once you've decided on your priorities, at the end of the day, you will be happy about the things you didn't get done, because they afforded you time and energy to focus on the most important..." @mywifequit
@chasejarvis @mywifequit loving all the family/parent content lately!
@mywifequit Steve I think you might enjoy this hustle culture debate I recently moderated between @dickiebush and @khemaridh 😅 youtu.be/HvmY3scS4Os
@mywifequit Slow and steady wins the race.
@mywifequit There's really no finish line that why you've got to enjoy the journey, live the journey. It's not war after all. It's a journey. Take every step like the next big thing but try to enjoy yourself - live
@mywifequit So much of hustle culture is a recipe for absolute burnout. It's a marathon, not a sprint.
@mywifequit @getpaidwrite Totally agree. Many of the Hustle pushers are younger people who don't yet have families who they're responsible for.
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