Andrew Minalto – Amazon Sharks Review, Scam or Legit?

If you’re reading this review, chances are you have watched the advertisement of Amazon Sharks.

Andrew Minalto is the coach of this course in which most of the students come from the UK. 

It is said that they can quit 9 to 5 jobs after starting with Amazon FBA business. 

But I doubt how many of them actually made it.

It’s never been easy to run a successful Amazon FBA business; otherwise Andrew Minalto won’t be selling online programmes about the Amazon FBA business.

After all, why would he want to create more competition for himself if it’s the best way to make money online.

Apart from discussing the pros and cons of Amazon FBA business, I’ll also make a comparison between dropshipping and Amazon FBA, which is the most common question I hear day to day.

At the end of this blog post, I’ll also share with you a much better alternative which allows me to make a four-figure monthly income when I just graduated from college.

An overview of Amazon Sharks course

  • Module 1: Starting Out
  • Module 2: Market Research
  • Module 3: Product Sourcing
  • Module 4: Branding
  • Module 5: Listing Creation
  • Module 6: Fulfilment by Amazon
  • Module 7: Ranking
  • Module 8: Sponsored Products
  • Module 9: Advertising
  • Module 10: Conclusion
  • Bonus Module 1: International Expansion
  • Bonus Module 2: Manufacturing Paradise

Andrew knows a lot about Amazon FBA business. 

I like that he goes over all the basics of Amazon FBA so that you won’t feel confused with the hands-on tasks or having to google every detail yourself.

andrew minalto – amazon sharks review, scam or legit?

There is step-by-step product research training and lessons on how to build your own brand.

As in the case of most Amazon FBA courses, you’ll also learn how to use paid Facebook traffic to boost your Amazon listing.

Andrew emphasizes that it’s not always about finding the rare product that might have the massive growth potential that enables you to make more money.

But it is more about what to do after you have selected the trending product, especially listing optimisation which is what matters most to your business.

In case you don’t know what is Amazon FBA, here’s the video for you:

Recommendation: Here’s The Best Alternative

Amazon Sharks vs. Dropshipping course?

I get this question often, should I buy an Amazon FBA course or a Shopify dropshipping course to start doing business online.

Though I’m not in favour of both business models, if I had to choose either one of them, I would always go for Amazon FBA.

Some people might prefer dropshipping because you don’t have any inventory, you have the supplier to deliver each individual order separately and directly to your customer.

But most newbies aren’t aware of the hidden costs attached to Shopify dropshipping. 

As they rely too much on Facebook ads, the profit margins are usually much thinner than they think.

On the other hand, Amazon FBA has the potential to bring you some passive income because you can generate sales with their existing traffic on the platform.

With dropshipping, you’re always required to use Facebook ads, which makes every sale tricky.

The problems with Facebook ads are

  • Facebook ads have a huge fluctuation in performance & ad cost every day, so it requires you to constantly monitor your data
  • Most newbies could lose a few thousand dollars in a week since they’re not experienced
  • When every seller is promoting the few hot products, you can quickly exhaust your leads
  • Facebook ad traffic is not as steady as organic free traffic where people actually seek you out

At the end of the day, you have to pay a large portion of your revenue to Facebook and it’s Mark Zuckerberg who will be the big winner.

However, it doesn’t mean I’d recommend you to bet your money on Amazon. 

If you’re new to online business, it’s better to start with something much safer which costs you a lot less money.

Why don’t I recommend Amazon Sharks?

From my observation, the profit margin of most Amazon vendors is, at best, slightly higher than 10%, due to the intense competition. 

In fact, starting an Amazon FBA business requires persistence and relentless focus.

Below are the reasons why I don’t recommend FBA business model:

FBA business needs a large upfront cost

To launch a business on Amazon, you will need $15-20k, at least.

You have to spend money on product samples and inventory, labelling and shipping costs, product launch services/pay-per-click advertising and Amazon Marketing Services. The first 10k will be quickly exhausted once you start selling on Bezo’s platform.

In one word, it is time-consuming and costs a lot of money. So, you must think carefully if you really want to risk your hard-earned money.

FBA Business model is complex

Though Amazon does a lot of the work for you, it still requires a lot of work to get a product listing up and optimized.

Apart from that, you have to deal with numerous dry tasks on a daily basis. For instance, you have to negotiate with suppliers, make comparisons on shipping companies, freight forwarders and comply with the regulations of Amazon and local governments, etc.

This process is too sophisticated for beginners who might be just looking for a side hustle or a source of passive income that requires little time and investment. 

There is no quick cash flow

Cash flow is the lifeblood of a business. However, in the Amazon FBA business model, most sellers have to invest a considerable amount of money to purchase inventories from suppliers in China.

If you want to create a unique private label product, the costs will be even higher. For example, most manufacturers in China charge you a few hundred dollars just for creating a prototype. If you don’t trust me, you can ask for a price on Alibaba.com.

In most cases, production may take 1-2 months depending on the nature of the products and quantity. Afterwards, it takes 2 weeks in shipment and customs clearance before arriving at Amazon warehouse.

This process indicates that it can take up to months before you’re paid for the inventory you bought.

Price war reduces profitability

Price war is ubiquitous on Amazon. Whenever a seller tries to attract more customers by lowering the prices, other sellers will be forced to cut their prices as well. 

To avoid a net loss, you might have to cut the product costs. This results in lower product quality, negative feedback from customers and hence a drop in sales.

Apart from the intense competition, you have to deal with changing sales tax laws, category restrictions and Amazon policies.

In the worst case, Amazon might even ban your account permanently if you mistakenly violate some rules. 

Is Andrew Minalto a Scam?

Andrew Minalto is not a scam. He is an Amazon FBA coach selling legitimate programmes.

However, as I mentioned, it’s hard to make money on Amazon nowadays. 

If it is that profitable, there is no reason that Andrew Minalto would teach you everything he knows about Amazon FBA.

Therefore, I don’t recommend doing Amazon at all, instead I have a better recommendation for you if you want to make money online.

This better alternative has enabled me to make a 4 figure monthly passive income when I just graduated from college. It’s legit and sustainable.

If you want to know more about it, let me tell you in detail in the next section.

Recommendation: Here’s The Best Alternative

Is There Any Better Alternative to Amazon Sharks to Make Money?

If you’re new to online business, you might wonder if there’s a better business model that doesn’t need initial capital and can do it as a side-hustle.

Of all the business models I’ve tried, affiliate marketing is the easiest and most rewarding so far. 

In affiliate marketing, you can run your business almost with zero cost. Most importantly, you don’t need to invest in creating and developing any products.

Also, it is less time consuming since you don’t have to manage inventory or handle customer service.

You can enjoy a steady stream of passive income while going on vacation or working a full-time job.

Since the world is full of uncertainty, I’d always choose a business model that has the lowest risk.

But How Much Can You Earn in Affiliate Marketing?

A 21-year old student from my #1 recommended training platform of affiliate marketing was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods and affiliate marketing.

Amazon Sharks Review

Wealthy Affiliate has existed for more than 10 years and there are many success stories over the years.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.

Where to Join Wealthy Affiliate?

Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.

If you want to feel about Wealthy Affiliate, you can sign up for the starter membership here (no credit card required). You can select to be a free member with no time limit.

And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.

You can enjoy all these values without paying a penny. 

So I strongly recommend you to register a free account and see it yourself.

If you’d like to be the next success story and get the most out of Wealthy Affiliate, you can upgrade to the Premium Membership later. 

After that, you can get access to everything without the bother from any upsells.

Recommendation: Here’s The Best Alternative

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