Agie Sihotang is a cellphone-seller from Indonesia who came to the US at age 15. He taught himself how to sell online at age 16, and built a million-dollar wholesale company in 9 months at age 25.

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Resources

IndoTradingUSA – Agie’s website

Automating & Streamlining Growth – Enroll and take advantage of ITU’s exclusive offer for Fire Nation!

3 Value Bombs

1) Your profitability will be affected greatly by your hospitality.

2) People will help an acquaintance much sooner than they will help a stranger.

3) Don’t restrict yourself to one niche; if the demand and supply are there, why not go for it?

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Online businesses are moving rapidly, do you have the right vehicle to keep up with Agie Sihotang

[01:20] – Agie shared something interesting about himself most people don’t know.

He loves talking to people and that’s why he always keeps a mouthwash handy.

[02:18] – Agie discusses the 5 misconceptions of online businesses.

First – Being engaged with your customer is not necessary when selling online.
- Your profitability will be affected greatly by your hospitality.
Second – Going direct to manufacture is the ultimate goal.
- Always think whether the small percentage of discount is worth the contract and obligation that you will with the manufacturer.
Third – Be as secretive as possible with everyone around you when something is working.
- The reality is, people love to help.
- People will help an acquaintance much sooner than they will help a stranger.
Fourth – A few suppliers are enough to keep your business rolling.
- Have as many suppliers as possible.
- Create your own group of people for your business.
Fifth – A niche category is key to a successful business.
- But don’t restrict yourself to one niche; if the demand and supply are there, why not go for it?

[10:13] – If you make it as a good online retailer, is wholesale the next step?

Agie shares the exact moment that made him decide to go wholesale.
The wholesale world is much more open.

[12:34] – How do you thrive when everyone is selling online?

Passive income is good, but because Agie came from Indonesia, he learned that you need to work hard to earn money.

[15:27] – A timeout to thank our sponsors, Capterra and ZipRecruiter!

[15:32] – What should we do if we’re a one wo/man show?

Agie is a firm believer in creating teams around you.
Find somebody who is willing to do work for you in exchange for your services.

[19:01] – Agie talks about the quote, ‘don’t give a man a fish, teach him to fish’

Anyone can teach you how to source, but you don’t know which aspects of sourcing you’re allergic to, and that could hurt you in the end.
When someone teaches you how to do something, analyze it so you don’t have as many barriers between you and being successful.

[22:22] – Agie’s key takeaway for Fire Nation, and his final call to action.

Focus on your business and creating the right team by networking with as many quality people as possible.
Agie’s motto – ‘The more money I make other people, the more money I can take from them.’
Make your customers money and they will come back to you again.
IndoTradingUSA – Agie’s website
Automating & Streamlining Growth – Enroll and take advantage of ITU’s exclusive offer for Fire Nation!

Killer Resources!

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Online Businesses Are Moving Rapidly; Do You Have the Right Vehicle to Keep Up? with Agie Sihotang

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