Are you looking to jump on the bandwagon of Amazon FBA to start your online business journey? If so, you might have heard of Jesse Singh who positions himself as an Amazon business guru.
This guy has set up a platform called The Wealth Network which claims to help people build an online business and sell products via Amazon.
But is it worth your while? Or is Jesse Singh a scam?
Since Jesse Singh is offering an affiliate programme that gives a 40% commission, you might see a lot of biased reviews.
So let me make it clear that I’m not affiliated with his programme. I’m just an Internet entrepreneur who’s interested in everything about online business.
So I’ve spent some time going through Jesse Singh’s profile and his digital product The Wealth Network.
Now, you can rest assured that my review is genuine and unbiased.
At the end of this article, I’ll also tell you another alternative which is much easier and better than Amazon FBA. That way, you don’t have to start an online business with a large upfront cost.
Below is what I will cover in the review of Jesse Singh and The Wealth Network.
Who is Jesse Singh?
Jesse Singh is the founder of The Wealth Network, an online educational platform that claims to teach you how to sell products on Amazon, with some skills on blogging and SEO as well.
Apart from Jesse Singh, there are other coaches on the platform, including Josh Jacobs, Aaron Andrews, Brian Cinnamon, David Arnett, Sean Agnew and David Cook, etc.
Jesse Singh positions himself as an expert in SEO (Search Engine Optimization), networking and the eBay/ Amazon dropshipping.
He topped the charts of DS Domination and Digital Attitude and seems to have made a lot of money on Internet platforms. But what motivated him to start a training platform if he’s already so successful with online marketing?
What is The Wealth Network About?
Wealth Network is an educational platform that allows subscribers to learn from a group of different coaches on the topics of Amazon FBA business & eBay.
To start with, you have to register an account via its official website. Though registration is free of charge, you have to pay a subscription fee if you want to upgrade to a premium account and get access to more training videos and learning resources.
As a way to promote the platform, members are encouraged to refer their friends to join the platform for a 40% commission. This makes it sounds like a multilevel marketing scheme.
The Pricing Structure of The Wealth Network
The Wealth Network offers its products according to membership plans which include:
1. TWN Gold
This package costs $49.99 per month. It gives members access to training for eBay, Amazon, SEO, blogging and online marketing.
Apart from that, members can get access to Gold Training Webinars LIVE, Facebook Mastermind Group for support, and customer support.
2. TWN Platinum
This package costs $149.99 per month. It offers all the upgraded versions of the digital products listed in TWN Gold.
3. Smart Commerce
This package costs $997 (one-time payment). It includes all the offers mentioned above but more comprehensive and advanced.
An Overview of The Wealth Network Courses
- The Amazon training module includes 10 lessons for the Gold Membership and an additional 10 lessons for the Platinum Membership. Its primary focus is retail arbitrage.
- The Ebay training module includes 7 lessons for the Gold Membership and an additional 5 lessons for the Platinum Membership. It mainly teaches dropshipping.
- The blogging training includes 8 lessons for the Gold Membership and an additional 3 lessons for the Platinum Membership.
The Pros and Cons of The Wealth Network?
- It provides you with fundamental training on Amazon, blogging and SEO
- You can learn from different trainers
- It offers done for you website builders for landing pages and funnels
- You can connect with other members on their private Facebook group
- Some of the training sessions are not up to date, especially about SEO
- The software and tools provided can be replaced by other services such as WordPress, Wix for site builders and ClickFunnels which are more professional and advanced
- There are so many biased reviews on The Wealth Network due to the 40% commission they offer for their affiliate program.
Is Jesse Singh a Scam?
Jesse Singh is far from being a scam.
But I don’t like their sales tactics which deliver unrealistic promises on how successful you will become after joining The Wealth Network and following every piece of their advice and using their tools.
It’s hardly possible that you can quickly get rich with this programme, because it takes a lot of effort to build a dropshipping store or Amazon business that can generate steady income.
Things will not be easy if you want to make money on Amazon, which requires dedication and a large upfront cost.
But to my disappointment, The Wealth Network just makes it sound too simple to make a fortune.
The Problems with Amazon FBA that Jesse Singh Doesn’t Tell you?
The primary focus of The Wealth Network is helping you to build your own Amazon FBA business. FBA stands for fulfilment by Amazon which means Amazon will handle warehousing, packing, shipping and returns for you at one of their warehouse locations.
But most of the ecom gurus who are selling Amazon FBA courses tend to downplay the difficulties of surviving the intense competition.
Below are the problems with Amazon FBA that Jesse Singh doesn’t tell you:
FBA Business Needs a Large Upfront Cost
To start a business on Amazon, you will need $15-20k, at least.
Besides, since you can’t get started without any knowledge, you have to pay for an FBA course. The Wealth Network, for instance, cost $49.99 per month.
Moreover, you have to spend money on product samples and inventory, labeling 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 Amazon.
In short, it is time-consuming and costs a lot of money. So, you must think twice before you risk your hard earned money.
FBA Business 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, mostly 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 custom 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 There an Easier & Better Alternative to Make Passive Income?
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.
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.