In the fast-paced world of eCommerce, finding ways to streamline operations and maximize profits has become paramount. As entrepreneurs strive to stay ahead of the competition, automation has emerged as a game-changer. One such service provider in this space is eCom Genie, founded by renowned entrepreneur Steven Mayer.
In this article, we will delve into the various offerings of eCom Genie, explore their pros and cons, and assess whether this eCommerce automation service is truly worth your investment.
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What is eCom Genie?
eCom Genie, founded by the renowned entrepreneur Steven Mayer, is an eCommerce automation service provider that aims to revolutionize the way we do business online. The concept is simple yet powerful – eCom Genie offers partnerships in their successful eCommerce stores, where you provide the capital, and they take care of the rest.
Their team purchases products in bulk at wholesale costs, sells them on platforms like Amazon, and shares the profits with their partners. It’s a collaborative approach that allows individuals to dip their toes into the world of eCommerce without the hassle of managing every aspect themselves.
Who Is The Founder Of eCom Genie?
Behind eCom Genie stands Steven Mayer, an eCommerce expert with over a decade of experience in the industry. Steven started his journey as an Amazon FBA seller back in 2012 and quickly achieved remarkable success.
Eager to share his knowledge and accomplishments, he began creating free eCommerce business tutorials on YouTube. Steven’s channel once boasted an impressive following of 20,000 subscribers and a community of over 6,000 members, solidifying his position as a trusted figure in the eCommerce world. However, it’s worth noting that his YouTube channel’s popularity seems to have declined, with only 567 subscribers as of 2023.
Despite his expertise and success, Steven faced a significant setback when his company’s account manager betrayed his trust and stole millions of dollars in investment capital. This incident dealt a devastating blow to Steven and his company, resulting in clients leaving and tarnishing the company’s reputation.
Despite that, Steven didn’t let this setback define him. He took responsibility, refunded his clients, and hired a new account manager. Two years after this incident, he launched eCom Genie with the aim of redeeming himself and providing a valuable service to aspiring eCommerce entrepreneurs.
eCom Genie Services
eCom Genie offers several services tailored to different needs and investment capacities. Let’s explore two of their primary offerings:
1. Amazon Full-Service
The Amazon Full-Service package is eCom Genie’s most popular offering. It’s a comprehensive, done-for-you service that guarantees passive income for partners. In this program, partners provide the capital, which is then utilized to purchase products in bulk.
The eCom Genie team takes care of everything else, from selling the products on Amazon to splitting the profits with the partners on a monthly basis. This full-service approach eliminates the need for partners to navigate the complexities of traditional Amazon FBA selling, such as setting up an LLC, obtaining an EIN number, and creating a registered seller account.
With a proven track record of delivering results in less than a month, this package provides partners with a five-year sales history for the provided store, minimizing the risk of suspensions. The pricing for the Amazon Full-Service package starts at a minimum working capital of $10,000, plus a partnership fee.
Moreover, eCom Genie offers Store Buyback Protection, which allows partners to sell the store back to eCom Genie if they cannot recoup their initial investment within 18 months.
2. Amazon and Walmart Hybrid Dropshipping
For those seeking faster sales with lower working capital requirements, eCom Genie offers the Amazon and Walmart hybrid dropshipping service. This alternative method involves the purchase of high-demand and profitable dropshipping products, which are then shipped and repackaged by eCom Genie in their third-party warehouses.
By ensuring compliance with the terms and conditions of Amazon and Walmart, this service allows partners to leverage established bestselling products with thousands of monthly sales. While it’s not a fully done-for-you service, eCom Genie provides a detailed PDF guide to assist partners in setting up their Amazon and Walmart stores.
The time commitment required for managing this business typically amounts to 1-2 hours per month. The pricing for the Amazon and Walmart Hybrid Dropshipping package starts at a minimum working capital of $5,000, plus a partnership fee.
Moreover, eCom Genie offers $100,000 monthly protection, guaranteeing a minimum monthly sales figure within ten months. If eCom Genie fails to meet this guarantee, they work for free, taking no splits.
It’s important to note that eCom Genie also offers an Amazon Wholesale FBA service, although specific details and information about this offering are not provided.
How Much Does eCom Genie Cost?
The cost of partnering with eCom Genie varies depending on the selected program. The Amazon Full-Service package requires a minimum working capital of $10,000, while the Amazon and Walmart Hybrid Dropshipping package starts at a minimum working capital of $5,000. The pricing for the Amazon Wholesale FBA service, however, is not disclosed.
Moreover, there is a partnership fee associated with each program, the specifics of which are not mentioned. It’s worth considering that eCom Genie’s pricing might be beyond the reach of some individuals, as the initial capital required can be quite significant.
Pros and Cons
Like any service, eCom Genie has its pros and cons. Let’s take a closer look at both sides of the coin:
Done-for-You Service: One of the major advantages of eCom Genie is that it provides a 100% done-for-you service. This means that partners can engage in eCommerce ventures without having to dedicate significant time and effort to manage every aspect themselves. eCom Genie takes care of the heavy lifting, allowing partners to focus on other commitments.
Expertise of Steven Mayer: With Steven Mayer, a seasoned entrepreneur with over a decade of experience, at the helm, eCom Genie benefits from his vast knowledge and insights. Steven’s success as an Amazon FBA seller adds credibility to the service and instills confidence in potential partners.
User-Friendly Website: eCom Genie’s website is well-designed, neat, and straightforward, making it easy for potential partners to navigate and access the information they need. A user-friendly interface enhances the overall user experience and makes it more convenient to engage with the service.
Store Buyback Protection: eCom Genie offers Store Buyback Protection for their Amazon full-service package, providing an additional layer of security and reassurance for partners. This protection allows partners to sell the store back to eCom Genie if they cannot recoup their initial investment within 18 months. They also offer a monthly protection guarantee of $100,000 for their Amazon and Walmart hybrid dropshipping model.
Outdated Testimonials: One notable drawback of eCom Genie is the presence of outdated testimonials on their website. These testimonials may raise concerns about the relevancy and accuracy of the information presented. It’s important to have up-to-date testimonials that reflect the current state of the service.
Substantial Initial Investment: Joining eCom Genie requires a significant initial investment, which might be beyond the means of many individuals. Depending on the chosen program, partners need to have a minimum working capital ranging from $5,000 to $15,000. It’s important to carefully assess your financial capacity and risk tolerance before committing to such an investment.
Not Fully Done-for-You: While eCom Genie offers a done-for-you service, it’s important to note that some aspects still require partners’ involvement. For example, partners are responsible for setting up their Amazon and Walmart stores and may need to spend a few hours each month managing the business. While it’s not as time-consuming as starting from scratch, there is still a level of commitment required.
Limited Availability: eCom Genie has limited slots available, which means that not everyone who is interested in partnering with them may be able to do so. Securing a slot in their program could be a challenge, and availability might be subject to demand.
When it comes to the refund policy, Steven Mayer and eCom Genie do not provide explicit information on their website. It’s essential for potential partners to reach out to eCom Genie directly to inquire about their refund policy and any guarantees or protections they offer.
Can You Really Make Money With eCom Genie?
The burning question on everyone’s mind is whether eCom Genie can deliver on its promise of generating income.
According to eCom Genie, partners can make anywhere between $1,000 to $20,000 per month. However, it’s important to note that these figures are averages and depend on various factors, such as the amount of working capital invested, the age of the provided account, and the chosen program.
The timeline for seeing profits and return on investment (ROI) with eCom Genie typically ranges from 12 to 14 months, although results may vary based on monthly investment, market changes, and business practices.
Internet Reviews About Steven
Before committing to any service, it’s crucial to consider what others have to say. Online reviews can provide valuable insights into the experiences of past clients and help assess the reputation and credibility of the service provider. In the case of Steven Mayer, the founder of eCom Genie, there are mixed reviews and a history of incidents involving his previous program, Valiant Consultants.
While Steven received praise for his coaching program, FBA Freedom Hackers Academy, with many students achieving success and reaching the 6-figure mark, there are also negative reviews associated with Valiant Consultants.
Some clients filed complaints and experienced significant financial losses, leading to a class-action lawsuit against Steven Mayer. The Better Business Bureau (BBB) rating for Valiant Consultants was only 2.09, and the program received an F rating.
These incidents raise concerns about Steven’s past involvement and the impact it may have on eCom Genie’s reputation.
Is Steven Mayer A Scam?
Labeling Steven Mayer as a scam is a complex issue. While his involvement in past incidents and the negative reviews associated with Valiant Consultants raise valid concerns, it’s important to consider the broader context. Steven has taken responsibility for the setbacks, refunded his clients, and made efforts to redeem himself through eCom Genie.
The legitimacy of eCom Genie as a service itself is not in question, as it provides a legitimate offering within the eCommerce automation space.
However, it’s crucial for potential partners to weigh the available information, assess their own risk tolerance, and make an informed decision before investing their time and money.
Any Better Alternative?
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