If you want to learn how to make $18,750 a month selling $5 dollar products, this episode is for you! Stephen Somers is the co-founder of Marketplace SuperHeroes, an online education and services company that helps people all over the world learn how to sell their own products globally on Amazon from scratch.
Together with his business partner, Stephen has won 5 Two-Comma Club awards for Marketplace SuperHeroes, which is now an 8 figure business, and they have also helped over 8,000 people to create multiple income streams online.
Tune into Stephen’s story and expertise to learn how you can also become a marketplace superhero.
Things you will learn in this episode:
[00:01 - 05:58] Opening Segment
I introduce today’s guest, Stephen Somers
Stephen gives us some background on his story
Stephen’s early life and upbringing
Journey into career life
Learning the value of hard work
Pushed towards college
[05:59 - 26:54] Building on Your Strengths
Stephen’s thoughts on pushing on in things you’re not good at
Believing in your success from hard work
Identifying your core strengths
Transitioning into a different career path
Working better in collaboration
The impact of music
A growing interest in business
Getting into the world of Amazon
The value of selling physical products
Learning practical business skills
Re-systemizing
Thoughts on relying on other platforms to sell
No is fully on their own platform
Make sure you do something unique
The value of using Amazon
A word from our sponsor
[26:55 - 36:15] Becoming a Marketplace Superhero
Stephen shares about the education side of his business
Teaching low competition and multiple products
Getting more people on the project
Rule of 5
What you can learn from the Marketplace SuperHero
The same core methodology
Business perspectives
Solving rising challenges in the industry
Changing how you view your business
[36:16 - 42:49] Stephen Somers on Building Your Network
Who you know or what you know?
How the ‘who’ played a massive part in Stephen’s success
A time when relationships opened opportunities for Stephen
Stephen shares some networking tips
Be a ‘Go-Giver’
You have something to offer
Practical examples
Make it about them
[42:50 - 50:41] Closing Segment
How to keep people invested in your project
Way to grow a business
Delivering value in different ways
Keeping your business fresh
ThE RaNdOm RoUnD
How to engage with Stephen
Links below
Final words
Tweetable Quotes:
“To succeed with your own website you really need to be doing something that’s unique…” - Stephen Somers
“If you could sell 5 products on Amazon, in 5 countries at the same time, sell 5 units per product per day in each country at an average net-profit of 5 dollars, you’d make $18,750 profit per month.” - Stephen Somers
“At the end of the day, what you’ll find is people always want fresh; they want to buy more things from you and get more value from you in different ways, as long as you offer it to them - and that’s the key.” - Stephen Somers
Resources Mentioned:
Now, Discover Your Strengths
The E-Myth Revisited
Who not How
The Go-Giver
Ready, Fire, Aim
Connect and engage with Stephen on LinkedIn, Instagram, and Twitter. Check out marketplacesuperheroes.com/ and learn more about building an online business.
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