Seth Kniep did not start out as the successful entrepreneur that he is now. He recalls a time where he was working incredibly hard to make ends meet and still getting his credit and debit card declined everywhere he went. Instead of giving into these hard times and continuing on the same path, Seth was motivated to work even harder.
“I was broke. I owned a two story 4-bedroom house, yet the mortgage felt like donating a monthly organ. I outperformed all 800 sales people in my sales department, yet my debit card would get declined when I took my family to lunch. The waitress would return with a very uncomfortable look on her face saying that I had insufficient funds. I’ll never forget the feeling of my heart sinking when my wife called me from the grocery store, “Hey Seth, our debit card just got declined and I’m standing in front of a line of 15 people waiting for checkout.” So I worked harder to prove myself. It seemed to work because within one week two different departments at the trillion dollar company sent me an offer letter,” Seth recounts.
This attitude is what made Seth decide that he had to break away from working for someone else. Though he was outperforming others, asked to do special tasks by his boss, and given responsibilities not dolled out to others, he still had to earn his days off, request vacation in advance if he still had that time allotted to him at all. He wanted to change his life and decided that he could not do so by working for someone else.
“I was needed constantly in my job, yet that need did not transfer to my bank account. Living the American dream, I spent my days building someone else’s dream. I worked my heart out year round and received annual raises just big enough to buy a few extra bags of coffee every month to medicate my stress with caffeine. And my $24,000 credit card debt was growing,”Seth explains.
That is when an idea struck him while sitting in his car. Seth explains, he saw a dime in his ashtray:
“I picked up a dime. “How many times would I have to double this to reach $100,000?” I grabbed a calculator. Twenty times. “That can’t be true!” I re-did the math. Yes. Double a dime 20 times and it explodes to exactly $104,857.60. Suddenly I knew what I needed to do. Armed with a single dime, the most valuable US coin for its little size, I walked downtown and approached random people, sharing my vision and asking them to double my dime. Some said “yes” and others laughed. Slowly but surely, my dime turned into $400 just for asking,” Seth states.
He then launched into the world of Amazon FBA which was just beginning to catch momentum at this time. His Amazon Private Label business took off and he has never looked back from there. Now, he and his team are building stores on Amazon for people and teaching them how to be successful ecommerce entrepreneurs. Seth’s previous financial suffering and purposelessness drove him to show others how to break out of the rat race and start building a business that gives them freedom to do the things they love with the people they love.
“Every penny I made I put right back into launching more products. The store grew like a bamboo tree on steroids. I began to learn how eBay works and within a few months we had a new stream of money coming in from eBay. People who previously thought I was crazy started to ask me how I was doing it. So I helped them. I showed them how to do what I did. Then their friends asked and I taught them too,” Seth remarks.
As Seth’s business grew into multi millions he began to help others do the same. Today, Just One Dime trains entrepreneurs in over 150 countries and builds Amazon stores for people with capital who don’t want to take the time and hassle of learning how to build an Amazon business. Check out Seth on YouTube, and stay up to date with Just One Dime on their website.