It is often said that time is money, and most start-ups/entrepreneurs have a lot more of the former than the latter, especially at the early stages of launching their business.
As a lifestyle entrepreneur, you want your business to be a success, but you don’t want it to take over your life. So from the very early stages of planning your business and how it will function, you want to consider ways to save time.
Note that I’m not talking about that overused term ‘time management’ here – after all, as lifestyle entrepreneurs we don’t want to find ways to fit more work into each day.
Instead, we want to find ways to fit our work into as little time as possible so we can spend more of our lives doing what is most meaningful to us rather than postponing our dreams until we retire.
With that said, here are ten simple ways to save time and still run a successful business. Continue reading 10 Time-Saving Tips for Running a Lifestyle Business
There are many excellent business lessons one can take from Michael Taylor’s “Moneyball”.
Moneyball is a terrific book (later made into a movie starring Brad Pitt), about the Oakland Athletics (The A’s) – the cash poor Major League Baseball team that, between 2000 and 2006, revolutionized the game with the way they evaluated players, finding value where other teams did not, and consistently fielding a team that could compete with large market teams, such as the New York Yankees.
For perspective, at the time the story takes place, the Yankees had a budget of well over $220 million to spend on player salaries. The A’s? Around $40 million.
Every year, many of the A’s best players would either leave through free agency, or be traded away because the team knew they could not afford to re-sign the player for the upcoming season. Each season, however, a new crop of players were brought in – seemingly from nowhere – and the team consistently competed at the highest level. Continue reading 8 Tips to Minimize the Abandoned Shopping Cart Phenomenon
Starting a brand new ecommerce business can feel like an overwhelming challenge, especially for first-time entrepreneurs. There are so many decisions to make that it is easy to find yourself the victim of ‘analysis paralysis’.
One of the most difficult choices to confront every new business owner is undoubtedly what niche to choose for your online store.
Do Your Research
It can be tempting to dive in and start an online business based on your own interests and passions. After all, if you wanted to do work which didn’t interest you, you could probably just get a more financially secure corporate job.
There’s no doubt that prior knowledge of a product area can be extremely useful, however just because you’ve always been a Led Zeppelin fan doesn’t necessarily mean that selling custom guitars is going to be your ticket to self-sufficiency. Continue reading How to Pick a Profitable Ecommerce Niche
Career opportunities with great pay, benefits and perks are difficult to come by in the corporate world. That’s why we love lifestyle business models and, more specifically, the world of ecommerce. The barrier for entry into the online marketplace has never been so little – and it is diminishing right before our eyes. In fact, it’s not all that uncommon for an “e-tailor” (one who runs an ecommerce site) to sell a wide variety of products without a single piece of inventory. Nothing in stock. Zero inventory, yet positive cash-flow from the very first sale. Continue reading Why Dropshipping is Perfect for First-Time Entrepreneurs
I had the opportunity to sit down with Anthony Saladino from Kitchen Cabinet Kings and speak to him about his million dollar drop-shipping business. In this interview, Anthony talks about why he chose the kitchen cabinets vertical, how he built his site, how he found his drop-shipping partners, and how he drives traffic to his website.
I love this interview because Anthony went from a 9-5 job to now running his own business. The best part is that because he has chosen to drop-ship, he keeps his costs and overhead very low, doesn’t need to hold inventory, and stays true to the lean-startup philosophy.
Anthony didn’t necessarily do anything special, he didn’t jump into a market opportunity at just the right time, and he’s not a genius engineer; instead, Anthony succeeded because of his hard work ethic, perseverance, and discipline to stick to what he knows and what he’s good at — something that you and I can really relate to.
Continue reading Drop-Shipping Interview: Anthony Saladino from Kitchen Cabinet Kings