Do NOT believe in this!
They are all scammers, in the sense, that it is unrealistic to make that kind of money in 30 days with no money upfront.
They just want you to pay for their training.
Are These Statements Familiar To You?
1. Make $5,000 to $10,000 in 30 days.
Do you recognize any of these statements? They are common sales pitches for you to take the bait.
You can find sales pitches like these daily on Facebook and YouTube, and they are meant to lure you in by promising fast cash for hardly any effort.
They make it sound so easy to become successful and make the big bucks on Amazon or eBay. They sometimes take it as far as claiming you can run your Amazon business by only investing 15 minutes per day.
Oh boy…that is sooo far from the truth!
Like on all seminars that are meant to be selling something, they have a successful and charismatic entrepreneur as speaker. The speaker always talks about his/her incredible success to make you feel inspired and in awe.
Showing off a fancy car is also a common trick to make you desire what they have, even more. The speaker always ends the seminar with a promise of success IF you buy into the training program they are pitching.
They then charge a hefty fee for the training. Everything from $999 to $35,000. They may start by offering a low entrance fee, but there are ALWAYS up-sells.
Something to remember!
They will tell you to pay more and more to get access to the parts of the training, where you can learn how to cash in the most money.
This is where they make their money!
NOT from being successful Amazon sellers, like they claim!
Ask these people to see their actual PROFITS, not sales. I bet you will discover they do not have much to show for, apart from the income they are making from the paid training.
Paid Amazon Training
Is Paid Amazon Training Worth Investing In?
Is it worth it spending a huge chunk of money on Amazon courses?
My answer is NO.
Why do I claim so?
First of all, the statement that the training will help you make $5,000 to $10,000 in 30 days is just NOT POSSIBLE.
To make $10,000 per month may even be difficult for established eCommerce sellers when business is slow.
Secondly, there is NO WAY you could make money on Amazon or eBay without any start-up capital.
It Takes Money To Make Money!
It is as simple as that!
To make profits of $5,000 to $10,000 per month, you have to be a professional licensed reseller, and you have probably invested, at least, four to five times the money in inventory.
Or you have invented a successful private label product that has a good profit margin and is selling like hotcakes.
To private label your own product is a process, however, and takes time, effort, and capital.
You can hardly complete the whole manufacturing period, shipping your product to Amazon’s warehouse/s, prep all labels, brand your product, and get people to find it in 30 days!
Only the lead-time of manufacturing your private label product is usually 30 days. Not to mention the time it takes to search for an honest and reputable manufacturer overseas who is willing to offer you a fair price.
Do not fall for their BS!
Only a person desperate for money, with no prior experience from eCommerce, could possibly fall for this.
It is wrong and unethical to mislead people like this.
Amazon Program Curriculums
What Are The Amazon Training Programs Teaching You?
eCommerce Model #1: DROPSHIPPING
What the self-claimed Amazon gurus are teaching is foremost dropshipping. If you have not heard about dropshipping before, it is an eCommerce business model, where you do not have to keep any inventory.
The Dropshipping Process In Short
When a customer is buying a product from your eCommerce store or Amazon/eBay listing, you are purchasing the product from a third party supplier/wholesaler for a cheaper price and then they ship it straight to the customer.
As a result, you as a merchant (seller) never sees or handles the product. You then keep the difference as your profit.
The statement that you would not need to put any capital upfront, like the sellers of the Amazon training programs want you to believe, is FALSE, FALSE, FALSE.
There are at least two explanations to this:
Explanation #1. Amazon only pays out profits from sales every 14 days, so it will take at least two weeks before you get access to the customer’s payment.
Amazon is also withholding a certain percentage of your money for possible returns.
Sometimes even longer.
They may release the funds faster after you have shown a good track record. NOT immediately as a new seller!
Therefore, you cannot use the customer’s payment to dropship. You will need capital to fulfill your initial orders. It takes, at least, $2,000 to $3,000 to start a dropshipping business, based on experience.
You can read more about dropshipping and my experience with it in prior blog posts:
eCommerce Model #2: PRIVATE LABELING
Some of the Amazon training programs also teach private labeling. To private label a product means (according to the standards of these Amazon training programs – somewhat misconstrued if you ask me) to find a “best seller” on Amazon that is not brand sensitive, and basically copy it.
I have tried this as well.
Before all the online gurus started popping up everywhere, private labeling was only considered when you actually invented a unique product.
Not just copied a product that is not yet a big brand.
I feel conflicted about what to think about the “copy whatever product you want from Amazon” model.
It feels a bit over-saturated, as a result.
Back to the actual process of private labeling…
You then look for a manufacturer that can produce your product for a good price.
You may want them to add special packaging according to your design and make some customizations to the product.
You can find more information about how to quickly scale your Amazon business here:
Do Not Pay For This Information
You Can Find It Online!
I would highly recommend not to pay for costly Amazon training. If you set away some time to research and gather information, you can find everything you need to know about selling on Amazon and eBay online.
YouTube is a great channel to get all the necessary information. There are tons of tutorials on how to start an Amazon/eBay business and what eCommerce business models are the best.
Watch the webinars from the Amazon training gurus and get bits and pieces of valuable information from them, but do not fall for the bait to actually pay for the training.
Simply search for the next webinar or YouTube clip and gather the information you are looking for.
You will find answers to most questions on any of the forums.
You can rely on the fact that tons of people have been exactly where you are right now.
They all needed help and answers to their questions, so there is a big chance your question is already answered.
How can I claim you can learn everything you need to know on how to become a successful eCommerce business owner from browsing the Google giant?
I make this statement based on experience.
I learned everything I know today from researching information online and, especially, from watching YouTube tutorials.
It may take a bit longer to collect the necessary information and gain enough knowledge to become a successful entrepreneur, but you will save well-needed capital that you can invest in inventory instead.
Shopify Offers A Simple Solution To Build An eCommerce Store Without Any Tech Skills
The Best eCommerce Model
What Is The Best eCommerce Model?
I have worked with both dropshipping and private labeling. I have been dropshipping for about two years and have private labeled a product, sourcing it from China.
I have made many beginner mistakes but learned from them. I managed to move on and am now focusing on the business model I consider the best, which is online retail.
What Is Online Retail?
Sell Brand Products That Are Already Selling
|The online retail business model is based on selling brand name items that are already selling in huge quantities. |
There are ways to make good estimates on your market, competition, probable profits, and how many units per month you will sell.
Good software to help you make the right estimations about what products to sell are SupplySpy and IO Scout. They are all-in-one solutions for Amazon sellers, and they will help you find profitable products to sell 10 times faster than if doing manual research.
Another benefit of online retail is that you do not have to spend money on costly marketing efforts. The brand owners take care of the product branding as a part of growing their brands.
You, basically, only need to focus on buying low and selling high.
There are a few steps to take before you can start using this business model:
Step 1. You have to register your business and get a resale certificate. You do not have to incorporate, so it is not as difficult as it may seem.
You can find the full 10 step checklist here:
Step 2. You need to get brand approval from Amazon, which gives you permission to sell the product.
Amazon can remove your seller privileges if you do not go through this process.
Find a brief tutorial on Amazon’s brand approval process here:
Like everything in the money-making process, it does not happen overnight.
In fact, online retail is a time-consuming business model.
It takes hours and hours of product research to find profitable products to sell and authorized suppliers you can get good deals from.
If you are planning on selling in the U.S., you HAVE TO purchase your inventory from authorized American suppliers/distributors.
You will not get brand approval from Amazon to sell brands if you do not use authorized suppliers. A regular invoice from Walmart or AliExpress will not work.
There is a young man, Beau Crabill, who has extensive knowledge of online retail that I recommend following. He shares really good and valuable information on his YouTube channel.
Beau has a course in online retail, but you do not need a course to get started selling on Amazon (if you ask me).
Beau’s bait is to get access to his list of authorized suppliers. Despite this, I have read comments from Beau’s students (inside the Facebook forum) that they have to search for suppliers themselves.
Needless to say, I do believe Beau Crabill offers great value in his course, but you can learn so much from just watching his channel.
The rest you can find from browsing the Google giant or figure out by yourself.
*Correction – Beau Crabill left a comment below with a clarification that he does not provide his students with authorized suppliers. He teaches his students how to fish for them.
If you have any comments on this blog post, please feel free to share them in the comment section below.
Remember this: The Future Is Your Creation!
About The Author
Stina Pettersson is an aspiring entrepreneur who is working on achieving her goals as an Internet Marketer.
She got tired of her corporate job as a Marketing Specialist and wanted to stand on her own two feet.
Stina Pettersson is originally from Sweden but has resided in the U.S. for the past 7 years.
“My main goal is to maintain a flexible lifestyle, where I set my own schedule. Even that I work hard, I love what I do every day, and I also have the opportunity to help other people which is a huge gift.”
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