January 02, 2021

He Has Created Over 27 E-commerce Millionaires & Manages Over $100M In Annual Revenue

36 minutes

He Has Created Over 27 E-Commerce Millionaires & Manages Over $100M In Annual Revenue

Today we’re joined by Seth Kniep, the co-founder and CEO of Just One Dime, a coaching company for Amazon and e-commerce sellers. He explains what prospective students can expect from the structure of the courses and his manner of coaching, and shares some strategies for scaling a coaching business and keeping your family life thriving when your business takes off.

TIME-STAMPED SHOW NOTES:

[00:41] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast!

[00:45] Seth shares the incredible story behind the name, Just One Dime.

[01:19] How Seth’s philosophy relates to Dave Ramsey’s and Robert Kiyosaki's ideas.

[02:06] Hear how Seth sold his first e-commerce company for $35 on eBay.

[03:05] How he started doubling his dime and got up to $400 just by asking random people.

[03:51] Getting into Amazon FBA and using the $400 to start selling cremation urns.

[04:29] Making over $1 million in 12 months with the store and investing in real estate.

[05:34] Using his Amazon profits to buy new products and reinvest in the business.

[07:10] How investing in real estate can help you legally reduce your tax liability.

[09:16] The importance of developing your accounting knowledge and understanding it.

[10:40] The value of having a tax and wealth strategist to help you manage your money.

[11:08] Managing over $100 million in Amazon revenue and the big brands they work for.

[12:02] Learn how their model works for training other people to run Amazon businesses.

[14:37] More about their training program and what students can expect from the coaching.

[17:45] What it would cost to have an Amazon business set up and for you to be trained.

[19:02] Find out whether Seth ever has equity in some of the businesses they help build.

[19:34] Seth explains why he expanded to do courses in addition to e-commerce.

[22:40] The importance of creating videos and getting a team in scaling your coaching.

[24:50] Taking ownership of your issues before you can truly help others and grow a brand.

[25:34] How their team and coaches are structured in the coaching business.

[27:01] Seth shares why it is important to “date” your wife to keep the spark alive.

[29:19] Their family commitment to buying a property anytime they go somewhere new.

[31:02] Seth shares his favorite business tool and book and explains why.

Resources From The Interview:

Seth Kniep on LinkedIn

Seth Kniep Email

Just One Dime

Just One Dime Courses

Dave Ramsey

Tom Wheelwright

Robert Kiyosaki

Kevin Harrington on Twitter

Shark Tank

BMW

Front

Juno

Must-read book: The Goal

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