On January 21, 2011, I was accepted to guest post on one of the most popular blogs on entrepreneurship. I wrote for Yaro Starak of Entrepreneur’s Journey, a blog that has been online for a few years now, and has well over 100k subscribers and 15,000+ Twitter followers (for those that are interested in stats).
Yaro asked me to start off with an initial introduction for his readers, and write about what I know, why I know what I know and why should one read what I have to say. In an attempt to cover my personal entrepreneur’s journey, I wrote an article just under 5,000 words that discussed the variety of ventures I have been involved with.
I start this article with a brief background, and then discuss the various ventures I have been involved with such as stock market investing, real estate, running small brick and mortar businesses, ecommerce business (selling on the internet), niche content websites and corporate consulting.
The article also discusses the genesis of this blog, why I pursued entrepreneurship despite being in a comfortable corporate career that came with a high six figure salary and excellent benefits. You can read my article here.
The article was very well received by the blog’s readership, and multiple requests came in to discuss my ecommerce business. So in an effort to dig into the details of this particular venture, I wrote another article on how I came about my idea and how I transformed that idea into a profitable business online.
The article started getting extremely lengthy and I decided to split it in a two part series. The 2 combined go into the precise details that talk about how the idea of the business came about, how the preliminary research was conducted, how I found my product, how the ecommerce business platform (website, shopping cart, etc) was built, all the hard lessons learned, successes and failures, and finally the exit strategy, which was the quarter million dollar sale of the business to the second largest Power Seller on Ebay back then.
In my experience, the best way to learn has been to learn directly from those that have “been there and done that”. By sharing my experience in granular detail, I hope you find the information valuable and useful. And although the discussion is specific to the e-commerce business model, a lot of the underlying principles and lessons learned from my venture can be applied to any business.Previous: Starting a Business Will Not Give You Freedom