PTM 010: Making Over $100K in 1 Year with an Online Store | Steve from My Wife Quit Her Job

PT's podcast this time is an interview with Steve about how he and his wife have earned extra income with an online store. Steve's wife quit her job to stay home with their kids, and she's been earning extra money ever since with their own online store.

In today’s episode, I speak with Steve Chou of MyWifeQuitHerJob.com. Steve is the online authority when it comes to putting together an online e-commerce store as far as I’m concerned.

Motivated by the expectation of their first child, Steve and his wife started an online store selling wedding linens back in 2007. The store was able to bring in over $100K in profit in the first year.

Part Time Money PodcastHe still maintains his corporate career (because he loves it!) and his wife is able to stay at home with their children and tend to the store part-time.

Back when he started, he didn’t even know how to write HTML code. But he was able to learn the ins and out of building a successful online store. He shares his knowledge with us today in the podcast.

Listen to the Podcast

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Online Store Owner Steve ChouHere are some of the questions I get into with Steve during the podcast:

Motivation

What made you want to start making part-time money with an online store?
What was it about an online store that made it doable? Did you have experience?
What made you choose the niche or specific type of store that you did?

Technical Aspects of E-commerce and Inventory

What online tools did you use to create the shopping cart and site back in 2007?
Do you recommend open source software for an online store?
What about the physical products and how did you get them?
What work did you do on the inventory?
How were you experienced in embroidery?

Time and Family Considerations

When did you find time to work on this business?
It’s rare that your wife would want to work with you. Tell me about that.

Marketing the Online Store

How did you get traffic to the site?
How did you work with wedding planners to get more business?
Tell me more about your background and experience.

Lessons Learned from Mistakes

What technical mistakes did you make along the way?
How did you determine your shopping cart sales funnel was having issues?
What mistakes did you make early on with products?
Why not get the product from the U.S.?

Becoming a Success and Lifestyle Design

Tell me about the process of realizing this was a successful business?
How are things now? Are you still working?

See full transcript by clicking show

Make Money with an Online StoreLearn to Start Your Own Online Store!

As you can tell from the podcast, Steve loves to teach and share his successes. He’s offering up a full classroom style course called: Create a Profitable Online Store. I’ve seen the materials from this course and I can tell you that it’s the real deal. Steve provides the specific blueprint to get your store up and making money.

Last Edited: June 5, 2015 @ 10:58 amThe content of ptmoney.com is for general information purposes only and does not constitute professional advice. Visitors to ptmoney.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Philip Taylor

Philip Taylor, aka "PT", is a CPA, financial writer, FinCon CEO, and husband and father of three. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.

Comments

  1. That’s great info, thanks! It’s so cool to live in a world with so many opportunities to develop passive income, or a high income with part-time hours.

  2. Nice. I’ve just started listening to your podcasts and am happy I did!

  3. Austerity Bill says:

    How interesting, as someone looking to increase revenue from websites I found that dialogue very helpful!

  4. Thanks for listening, Emily, Jackie, and Bill. Steve was definitely a fun interview. I’m so interested in the online store model. Who knows, I may just have to start one myself.

  5. That was a great interview! I have just set up my store, and running like a headless chicken trying to do everything, listening to the interview’s made me realized I only really need to focus on a few things and do them well. Thank you! 🙂

  6. Thanks, Jen! So glad this interview was valuable for you.