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:
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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