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Steve Chou

Founder, MyWifeQuitHerJob.com · 1 appearance on the record.

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founderhostauthoroperator@mywifequit ↗mywifequitherjob.com ↗

Steve Chou co-founded Bumblebee Linens and created MyWifeQuitHerJob.com, an educational platform and podcast dedicated to building online businesses. He is also the co-founder of the Sellers Summit conference and the author of the Wall Street Journal bestselling book The Family-First Entrepreneur.

10statements → 4claims → 0claims resolved → 3.9/5average certainty → 1.3/5average debate potential → 2said about them ↓

4 not checkable as stated how the 4 claims stand · each chip opens the sources

4 assertions · 2 insights · 4 disclosures · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 0 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

Everything Steve Chou said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Steve Chou: Raising online course prices improved the quality of enrolled students
“I started raising it really quickly because early on the quality of students wasn't so good, and I found out by raising the price, the quality got a lot better.”
Steve Chou Aug 18, 2016 ▶ 4:33 EP 390: Is This The Most Successful InfoProduct Ever?
Disclosure
Chou: Bumblebee Linens sees ~60% net margins on personalized items
“For the personalized stuff, yeah, on the order of 60.”
Steve Chou Aug 18, 2016 ▶ 10:54 EP 390: Is This The Most Successful InfoProduct Ever?
Insight
Chou: Wedding products command higher markups due to low price sensitivity
“We target weddings, and so you can mark up wedding stuff obviously a lot higher than other things, because people don't care about price so much as quality.”
Steve Chou Aug 18, 2016 ▶ 11:00 EP 390: Is This The Most Successful InfoProduct Ever?
Assertion Not checkable as stated
Steve Chou: Course made $500K in 2015 and matched it by mid-2016
“So last year it did 500,000. And then this year we're already at that same point, half, halfway through the year.”
Steve Chou Aug 18, 2016 ▶ 4:54 EP 390: Is This The Most Successful InfoProduct Ever?
Assertion Not checkable as stated
Chou: 10% to 13% of live webinar attendees purchase course
“Like, 80% of the people stay till the end, and I've been getting anywhere from 10 to 13% of people who actually buy.”
Steve Chou Aug 18, 2016 ▶ 7:49 EP 390: Is This The Most Successful InfoProduct Ever?
Assertion Not checkable as stated
Chou: Monthly webinars generate $40K to $70K each
“Anywhere between 40 to 65, 70 grand per webinar.”
Steve Chou Aug 18, 2016 ▶ 8:11 EP 390: Is This The Most Successful InfoProduct Ever?
Disclosure
Chou: Bumblebee Linens generates more revenue than blog business
“So I don't reveal those numbers, but let's just say it does more than the blog. However, the profit margins are obviously less because we're selling physical products.”
Steve Chou Aug 18, 2016 ▶ 9:49 EP 390: Is This The Most Successful InfoProduct Ever?
Disclosure
Chou: Blog generates the most profit across his business portfolio
“Most profit is the blog right now, actually.”
Steve Chou Aug 18, 2016 ▶ 2:06 EP 390: Is This The Most Successful InfoProduct Ever?
Disclosure
Chou: Online course price is $1,100 and will increase to $1,200
“So right now it's 1100. It's going to be 1200 soon.”
Steve Chou Aug 18, 2016 ▶ 3:58 EP 390: Is This The Most Successful InfoProduct Ever?
Assertion Not checkable as stated
Chou: Course refund rate is around 5%
“The refund rate is on the order of five percent.”
Steve Chou Aug 18, 2016 ▶ 9:18 EP 390: Is This The Most Successful InfoProduct Ever?

The other half of the tape: Steve Chou's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Top Founders. every mention, with the transcript →

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Every mention by year

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2016 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
EP 390: Is This The Most Successful InfoProduct Ever? Aug 18, 2016 5m
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