Billy Murphy scaled up to 20 e-commerce stores in under a year automating and outsourcing the entire operation. He trains people on business and ecommerce at foreverjobless.com and ecomlab.com. He was also the founder of Bluefirepoker.com an online training for poker players that generated millions of dollars.
What will you learn in this interview?
-What were some of the mistakes he made in his career?
-How does he calculate the value of the online stores he buys?
-What are the common mistakes people make on their e-commerce sites?
-What is the milestone in e-commerce that he is especially proud of?
-How did he start with the organic baby furniture store?
-How did being a professional poker player help in the business?
-Where did his entrepreneurial skills come from?
Billy set a goal last year to get in shape and emailed 30 personal trainers in Austin. He wanted to look like the guys in 300 and hired a world champion body builder. He was measured every week in calipers which meant very little cheating of pizza, burgers and beer.
Business Mentors, Tools, Books mentioned:
The Millionaire Fastlane
Bill launched EcomLab, a video based e-commerce training site to help people launch their own e-commerce stores, and help increase store profits. They teach everything from how to find a profitable niche, sourcing from suppliers, how to buy and sell e-commerce stores, SEO, PPC, conversion optimization, email marketing, and more.
Billy started buying and starting e-commerce stores back in 2011. It was hard to figure out everything since he had no experience in that space yet. He spent hours and hours searching for the information he needed, but he couldn’t find it all in one place. Fast forward to August 2012, and he made a post on his blog: http://foreverjobless.com/how-to-get-lucky-in-e-commerce/.
Billy got about 100 emails from people asking the same questions he was asking when he got started. He still didn’t know where to send people for the answers, because what he thought they needed didn’t exist. He decided to look into solving the need by creating what eventually became EcomLab.
Forever Jobless : http://foreverjobless.com
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