DR 035: How to Start an Online eCommerce Business [Interview with Steve Chou]

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This is the twenty-eighth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we interviewed J. Money about how he earns money blogging. In today’s podcast, I interview Steve Chou about how he and his wife started a 6-figure eCommerce site from their home.

Sponsors: The 31-Day Money Podcast is sponsored by Betterment and Personal Capital. Betterment and Personal Capital are two tools I use to make investing easier, less expensive, and more effective.

Topics Covered

  • How they came up with the idea to sell handkerchiefs online.
  • How much money they made in their first year online.
  • Why drop shipping will reduce your profit.
  • How Steve got traffic to his new eCommerce site.
  • What they did offline to grow their online business.
  • Why some people succeed with an eCommerce store and some people do not.
  • How Steve and his wife got started with just $600.
  • Whether an eCommerce site or blog makes money faster.

Resources

Day 29: All about mortgages

Published or Updated: July 29, 2014
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

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