He Has Created Over 27 E-commerce Millionaires & Manages Over $100M In Annual Revenue

Leveling Up with Eric Siu

He Has Created Over 27 E-Commerce Millionaires & Manages Over $100M In Annual Revenue

Today we’re joined by Seth Kniep, the co-founder and CEO of Just One Dime, a coaching company for Amazon and e-commerce sellers. He explains what prospective students can expect from the structure of the courses and his manner of coaching, and shares some strategies for scaling a coaching business and keeping your family life thriving when your business takes off.

TIME-STAMPED SHOW NOTES:

• [00:41] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast!
• [00:45] Seth shares the incredible story behind the name, Just One Dime.
• [01:19] How Seth’s philosophy relates to Dave Ramsey’s and Robert Kiyosaki's ideas.
• [02:06] Hear how Seth sold his first e-commerce company for $35 on eBay.
• [03:05] How he started doubling his dime and got up to $400 just by asking random people.
• [03:51] Getting into Amazon FBA and using the $400 to start selling cremation urns.
• [04:29] Making over $1 million in 12 months with the store and investing in real estate.
• [05:34] Using his Amazon profits to buy new products and reinvest in the business.
• [07:10] How investing in real estate can help you legally reduce your tax liability.
• [09:16] The importance of developing your accounting knowledge and understanding it.
• [10:40] The value of having a tax and wealth strategist to help you manage your money.
• [11:08] Managing over $100 million in Amazon revenue and the big brands they work for.
• [12:02] Learn how their model works for training other people to run Amazon businesses.
• [14:37] More about their training program and what students can expect from the coaching.
• [17:45] What it would cost to have an Amazon business set up and for you to be trained.
• [19:02] Find out whether Seth ever has equity in some of the businesses they help build.
• [19:34] Seth explains why he expanded to do courses in addition to e-commerce.
• [22:40] The importance of creating videos and getting a team in scaling your coaching.
• [24:50] Taking ownership of your issues before you can truly help others and grow a brand.
• [25:34] How their team and coaches are structured in the coaching business.
• [27:01] Seth shares why it is important to “date” your wife to keep the spark alive.
• [29:19] Their family commitment to buying a property anytime they go somewhere new.
• [31:02] Seth shares his favorite business tool and book and explains why.

Resources From The Interview:

• Seth Kniep on LinkedIn
• Seth Kniep Email
• Just One Dime
• Just One Dime Courses
• Dave Ramsey
• Tom Wheelwright
• Robert Kiyosaki
• Kevin Harrington on Twitter

• Shark Tank

• BMW
• Front
• Juno

• Must-read book: The Goal

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Connect with Eric Siu:

• Growth Everywhere
• Single Grain
• Eric Siu on Twitter

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