Jordan Welch: How I Went From - $30k To $6 Million (E023)

Added: Nov 13, 2023

Welch begins by sharing his early entrepreneurial endeavors, including starting a clothing brand and reselling shoes. He emphasizes the importance of learning from others and seeking out mentors who are already successful in the industry. Welch's determination to never work a traditional job led him to explore various business models, ultimately leading him to the world of drop shipping.

Welch started his journey with dropshipping, a business model where the seller does not keep the products in stock but instead transfers customer orders and shipment details to a manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. He began by dropshipping products from China and gradually started making money.

Drop shipping, as Welch explains, involves finding products that are already selling well on social media and selling them for a profit. He highlights the significance of using Facebook ads to identify popular products and suppliers who can handle the demand. Welch's strategy involves testing different products until finding one that resonates with customers, then building a brand around that product.

Welch's pivotal moment came when he found a product called the Sleep band. This product, which blocks out light and sound while also serving as an eye mask, resonated with Welch personally as he struggled with his brother's snoring.

As his business grew, he transitioned from dropshipping to creating his own product. He worked with manufacturers in China to improve the quality of the product, fabric, and packaging to meet his specifications.

The process of creating his own product was not easy and took months of effort and communication with manufacturers. Welch emphasized the importance of proving sales and building a relationship with manufacturers before customizing products. He also highlighted the role of an agent in facilitating communication and finding better quality and shipping options in China.

As his business grew, Welch documented his journey on YouTube, sharing his successes, failures, and revenue numbers. This transparency and authenticity resonated with his audience, leading to a significant increase in his YouTube channel's subscribers. His success in dropshipping and the growth of his YouTube channel also revitalized his education business, which had previously suffered due to financial setbacks.

Welch's dedication and hard work paid off, and by the end of 2021, his dropshipping store and education business were each generating hundreds of thousands of dollars in monthly sales. He successfully paid off his debts and achieved financial stability, marking a remarkable turnaround from his previous financial struggles.

The conversation continues with Jordan sharing his early struggles, including accruing $30,000 in credit card debt and having to move back in with his mother. He emphasizes the importance of perseverance and staying focused on one's goals, even in the face of adversity.

In addition to his business success, Welch also shared his personal journey of overcoming addiction to marijuana. He candidly discussed his experience with addiction, the challenges he faced, and the process of quitting. Welch emphasized the importance of keeping promises to oneself and the impact of breaking those promises on one's mental well-being. He also highlighted the positive changes he experienced after quitting marijuana, including increased productivity and a calmer state of mind.

The podcast also delves into Welch's passion for music and DJing, which serves as a creative outlet for him. He expressed his admiration for creative individuals who excel in multiple areas, such as music, fashion, and business. Welch's dedication to creating meaningful content and his desire to make a positive impact through his work were evident throughout the conversation.

The episode also touched on Welch's decision to sell his successful dropshipping business to focus on his growing YouTube channel and other creative endeavors. Welch emphasized the importance of valuing experiences and giving back to those around him, rather than being driven solely by material possessions.

One of the key takeaways from the podcast is Jordan's emphasis on the importance of finding a mentor or role model in one's chosen field. He advises listeners to seek out individuals who have achieved success in their area of interest and to study their journey to success. By learning from the experiences of others, individuals can gain valuable insights and guidance that can help them navigate their own path to success.

Another important aspect of the conversation is Jordan's focus on health and wellness. He emphasizes the importance of maintaining a healthy lifestyle, including regular exercise, good nutrition, and adequate sleep.

The conversation also touches on the topic of relationships and the importance of finding a supportive partner. Jordan shares his experience of finding a life partner who is supportive of his goals and ambitions. He emphasizes the value of having a strong support system in both personal and professional endeavors.

The conversation concludes with Jordan sharing his future plans, including his involvement in a new project with Iman Gadzhi and his desire to continue growing his YouTube channel. He also expresses his interest in potentially venturing into the field of helping creators and entrepreneurs, indicating a desire to share his knowledge and experiences with others.