E495: How Masterminds Have Changed Mike Jackness' and Steve Chou's Lives

With Seller Summit 2023 coming up in May, Mike and Steve Chou reflect on the value of events, revisit some of their favorite memories, and how its impacted their lives in more ways than one.    Masterminds are one of my favorite segments of a live event. Whether it be EcommerceFuel, Seller Summit, or whatever event that takes place, Masterminds give everyone an opportunity to voice out their problems and get actionable advice from a like-minded group of people.    Steve and I first met during Andrew Youderian's event, at a Mastermind where Steve asked the table for a critique of his website, and we've been friends ever since then.    This episode is more of a fun recap rather than an actionable advisory, but there's a few takeaways to learn from this episode. You'll learn about The costs of cranking up, and keeping your work burner as high as possible.  How opening up and trusting like-minded individuals can be more valuable than you think.  Why it's good to have a group of friends that can't relate to your entrepreneurial lifestyle.   Timestamps:  Intro - 00:00   An overview of what Seller Summit is, and how it's different - 2:42  How Mike and Steve Chou met for the first time - 5:06  TAKEAWAY #1: Masterminds give you the advice you need to hear, without the fluff - 7:33 How Steve Chou got into selling on Amazon - 9:58  How Steve Chou got marital advice at a Mastermind - 12:22  How Steve Chou saved Mike's marriage - 14:08 How Steve Chou made $60k in 90 minutes - 18:03 How Mike deals with old friends who aren't in eCommerce - 20:51 Why venture backed businesses are a different gamble - 23:40  Steve and Mike's experience investing on an eCommerce business together - 25:15  Why it's important to surround yourselves around those who trust you - 27:55 How events during the pandemic weren't the same - 33:55 Seller Summit 2023 details - 36:08   Lots of thanks to Steve for doing this episode with me. If you're thinking about going to Seller Summit, here's a link with a special discount code for Ecomcrew listeners. You can check out all of Steve's other awesome stuff over on mywifequitherjob.com.    If you enjoyed this episode, don’t forget to leave us a review on iTunes. Until the next one. Happy selling!