Julia Shem tells the story of how she came to the U.S. from Russia alone at age 19 with limited English skills and went from waitress to self-made entrepreneur in just 3 years. Now 25, Julia explains how she has fully-automated her business, Goldy.LA, which sells custom metallic temporary tattoos, so that it nets her over 6 figures in passive income per year while she travels the world. Julia opens up about getting fired as a waitress, then working as a computer programmer in a real estate office in LA, and finally teaching herself how to start her own physical-product business and quickly scale it to full-automation. She gives specific tips on how to develop your business idea, test and verify your minimum viable product, select a manufacturer and fulfillment process, swiftly build your systems and outsource to the right staff. She shares the specific apps, project management software, CRM, and other tools she
uses to run her business. She also shares her personal productivity hacks, time management techniques, and stress-reduction practices. Julia talks about how she meditates, maintains a visual inspiration wall in her bedroom, and continually updates her list of top prioritie and goals. She then talks about her lifestyle design and travel experiences, including doing Yoga in the Himalayas, and recommends her top 3 international travel destinations.
Episode #08: Building an Automated Physical-Product Business that Generates 6-Figures/year in Net Passive Income by Age 25 with Julia Shem
Episode Summary
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About the Guest
Julia Shem
Julia moved to the U.S. from her hometown in Russia at age 19 and hit the ground running by starting several self-sustainable businesses including Goldy.LA which sells custom metallic temporary tattoos and Shipdazzle.com which offers e-commerce order fulfilment services. Now 25 years old, Julia is a serial entrepreneur who focuses on building businesses with systems that fully automate the daily operations. Her businesses generate her 6-figures in net passive income and allowing her to travel the world full time while working a literal 4 hour work week (or less).
What You'll Learn
- How to Build an Automated Physical Product Business—How to Build the Systems and Processes and then Eliminate, Automate or Delegate It All.
- How to Identify the Right Product or Service, Determine Market Demand, Niche Down, Identify a Manufacturer and Structure Your Back-End Fulfillment.
- How to Optimize Your Productivity, Reduce Stress, and Manage Your Time More Efficiently on a Daily Basis.
Links From the Episode
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BOOKS THAT JULIA RECOMMENDS:
WEBSITES JULIA MENTIONED:
APPS AND PRODUCTIVITY TOOLS JULIA RECOMMENDS:
TOP 3 TRAVEL DESTINATION JULIA RECOMMENDS:
JULIA’S BUCKET LIST TRAVEL DESTINATIONS:
OTHER TRAVEL DESTINATION MENTIONED:
Check Flight Prices to Any of These Destinations
EVENTS THAT MATT ANDJ JULIA MENTIONED:
CONTACT JULIA:
Julia’s Websites (Companies She Owns)
Follow Julia on Social Media:
Time Stamped Show Notes
[02:43]JULIA’s LIFESTYLE
- How Julia Designs Her Lifestyle Currently
[03:30] GROWING UP IN RUSSIA AND COMING TO THE U.S.
- Growing up in Russia and Learning Computer Programming
- Her first trip to the U.S.
- Becoming a waitress in New York City
- Moving to California
- Working at a Real Estate Office in Los Angeles
[10:54] JULIA’S ENTREPRENEURIAL JOURNEY
- Feeling the Need to Head in an Entrepreneurial Direction
- Making crafts and selling them on Etsy
- How She Got The Idea for Temporary Metallic Custom Tattoos
- How She Tested Her Minimum Viable Product
- Building Her Business At Night and On The Weekends
- The Decision to Quit Her Job and Pursue Entrepreneurship Full Time
- How She Began Systematizing, Automating and Delegating
- Julia’s Experience Identifying and Hiring Staff
[20:29] MANUFACTURING THE PRODUCT
- How She Identified The Right Manufacturer for Her Product
- Julia’s Tips on Finding a Manufacturer
[23:13] TIME MANAGEMENT AND PRODUCTIVITY
- Julia’s time managements strategies and productivity hacks
- The apps and tools Julia uses to optimize her productivity
- How Julia structures her work day for maximum efficiency
[25:06] HOW TO BUILD A BUSINESS WITH NO EXPERIENCE OR MENTOR
- Julia’s passion for automation
- Julia’s most influential books
- Julia’s advice for aspiring entrepreneurs
- How to find your idea and identify your product or service
- How to test for minimum viable product
- Why to Niche Down Your Product
- The Importance of Starting and Learning as You Go
- Team Building and What Really Makes a Great Entrepreneur
[32:58] BUILDING a BUSINESS NOT A JOB FOR YOURSELF
- How to build systems and processes
- How to automate, eliminate or delegate
- Tips to hire, train and manage staff
[34:55] STRESS MANAGEMENT TECHNIQUES
- Julia’s Meditation Techniques
- Making Lists
- Julia’s Inspiration Wall
[35:45] THE LIGHTNING ROUND
- Julia’s “I’ve Arrived” Moment in Her Business
- Julia’s Top Book Recommendation
- Julia’s Top App Recommendation
- Julia’s Top 3 Favorite Travel Destination
- Julia’s Top 3 Bucket List Destination
[49:07] HOW TO CONTACT JULIA
