Terry Thayer has been an entrepreneur since a small child selling anything he could. In 1997 he opened his first real business as a contracting business. Of the many businesses he owns producing millions of dollars annually today, he works less than 5 hours a week total. Most of his time is spent coaching his team to be better and coaching other entrepreneurs how to avoid the mistakes he made over the years. Other time is spent working on new ways to make money online including his Ecommerce Automation company.

 

In this episode, the conversation is based mostly on eCommerce and what it means to build online stores, have a back-up plan for second and third sellers, and how to start your own store today!

 

00:00 Intro

00:13 Follow Terry Thayer at @terrythayerii

06:00 Dropshipping

08:40 What are people looking for

12:00 Business credit

19:30 Light convo with other person in the studio

27:28 The way to do the online stores

33:00 What other sellers mean

37:33 Power of Bitcoin

39:46 DM Terry and he can start your online store for you

43:00 A little background on Terry

48:21 Bomb 1: Traffic is key

49:30 Why a backup plan is important

51:52 Still with brands you know

57:10 Where does entrepreneur come from

58:45 “If you don’t take a chance, you are going to work for someone who did.” - Brad Lea