Crafting a Timeless Ecommerce Business with Ronnie Teja

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Welcome to the Serve No Master Podcast! This podcast is aimed at helping you find ways to create new revenue streams or make money online without dealing with an underpaid or underappreciated job. Our host is best-selling author, Jonathan Green.

Today's guest is Ronnie Teja is the founder of a successful watch company. He discovered the high profit margins of quartz watches and decided to start manufacturing them in Shenzhen, China. With a one-way flight from Vancouver, he seized the opportunity to create watches with a 75% margin. Although not initially a watch enthusiast, Ronnie was inspired by the success of micro brands like Movement and DW. Confident in his abilities, he set out to excel in the industry.

In this episode Ronnie Teja the man who is here to share his incredible journey of building an 8-figure e-commerce empire. Get ready to dive deep into the world of online business as Ronnie takes us through his experiences in the e-commerce industry, his strategies for success, and some fascinating insights into the world of watches. From launching his own brand, navigating the ever-changing landscape of digital advertising, to the importance of customer engagement, Ronnie has valuable lessons and tips for aspiring entrepreneurs.

Notable Quotes

- "I see you coming in here every day. I see you pitching your ideas. I see you doing all these things, but do you know how quartz watches are made or how clocks are made?" - [Ronnie Teja]

- "There's an opportunity here to manufacture watches at, like, 75% margin."- [Ronnie Teja]

- "The Cost of Influencers: 'The larger the audience, of course, there's a premium associated with it, which we are willing to pay. If you're a nano or a micro influencer, of course, we'll give you what the market rate is.” - [Ronnie Teja]

- "There's no job where you love every aspect of it. There's nobody who, like, loves doing the accounting as well as running their business." - [Jonathan Green]

- "Price is the most important aspect, but there's also a price when you go too low, people get suspicious." - [Jonathan Green]

Connect with Ronnie Teja

Website: www.branzio.com
LinkedIn: https://www.linkedin.com/in/ronniesteja/

Connect with Jonathan Green

• The Bestseller: ChatGPT Profits
• Free Gift: The Master Prompt for ChatGPT
• Free Book on Amazon: Fire Your Boss
• Podcast Website: https://artificialintelligencepod.com/
• Subscribe, Rate, and Review: https://artificialintelligencepod.com/itunes
• Video Episodes: https://www.youtube.com/@ArtificialIntelligencePodcast

Chapters

1. Introduction (00:00:00)

2. Passion vs. profit in starting a business. (00:02:32)

3. Young entrepreneur goes to Hong Kong for opportunity. (00:03:40)

4. Amazon delivery started as a 5-day process. Now, customers can choose between 2-day delivery or wait a week for free. (00:07:42)

5. Assessing cost and value of YouTube influencers. (00:12:20)

6. YouTube's longevity and audience appeal surpass TikTok. (00:14:54)

7. Quartz watches vs. prestige brands explained. (00:19:30)

8. Interest in different types of accessories and hobbies. (00:24:09)

9. Amazon's policy on returns is problematic. They ban sellers with high return rates. (00:28:52)

10. Market flooded, competition drops prices, learns value perception. (00:29:58)

11. LVMH owns numerous luxury brands worldwide. (00:33:43)