As a lifelong Chicagoan, entrepreneur, and real estate broker, I love everything about this city...but the one thing that makes Chicago so great is the amazing people. On this weekly podcast, We want to pull back the curtain and introduce you to some of the sharpest minds in business, education, and politics so that you can learn how to scale your business faster and more efficiently and achieve greater success in your professional and personal life! You are going to learn from some of the highest-paid experts, entrepreneurs, and business leaders about their specific tactics, strategies, and insider tips on leadership, leverage, technology, hiring, and building an amazing culture so that you can create the success and the change you’ve been looking for. I’m Young Lee…. Welcome to the Success Game. Also, be sure to subscribe, if you haven't already, so every podcast gets sent straight to you and you don't have to go searching for it! See you next week on the Success Game!
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episode 14: Build Your Own E-commerce Empire with Miguel Sanchez
Are you eager to get into e-commerce by launching your own drop-shipping site? Miguel Sanchez is an e-commerce expert who started with dropshipping on Amazon and dropped out of school to pursue his entrepreneurial dreams full-time. Now he helps people launch their own passive income e-commerce businesses that require very little participation.
In today’s episode, he shares the secrets of his success with our affable host, Young Lee.
The risk is low to get started in drop-shipping, and you don’t need a lot of startup capital to set up your own e-commerce site. Young Lee asks all the right, simple questions and Miguel takes the care and time to explain, step-by-step, just how to set up your own e-commerce site.
You make the sale first and you don’t hold inventory… it almost sounds too good to be true. But it’s not — understand how to get your foot in the door of this brave new e-commerce world with Miguel Sanchez. He’s a young, hungry, relatable entrepreneur who is humble and willing to share his secrets. Please join Miguel and Young on this inspiring episode of Chicago Business Review!
27:27 “When it comes to (our customers) making their ROI — their Return On their Investment — it’s looking like 8 to 12 months. It could be earlier, depending on their products.” – Miguel Sanchez
In This Episode:
- What is e-commerce and drop shipping?
- Understanding the way the world is moving online
- Getting started with $1500 cash and a $1000 credit card
- The difference between Amazon and Facebook drop-shipping
- Are there any downsides to drop shipping?
- What is the capital required to partner with Miguel Sanchez?
- When can you expect an ROI?
- Getting started in the business of e-commerce
- Leverage credit as much as you can
- The first product Miguel drop shipped
- “Money is money – be grateful”
- What would Miguel do differently now if he was just getting started?
And so much more!
Connect with Miguel Sanchez:
- Instagram - https://www.instagram.com/miguelsanchezecom_/
- Email - miguel@walmarttribe.co
- LinkedIn - Miguel Sanchez - Seller - Walmart | LinkedIn
Connect with Young Lee:
- Facebook - Young Lee | Facebook
- LinkedIn - Young Lee - Host of the Chicago Business Review Podcast/Show