Are you looking for Tom Wang’s FBA Masterclass review? But you may wonder if it is a scam.
Finding permanent employment is challenging at best. Companies are not particularly eager to hire right now because business is still slow. Many companies are still closed, and some have regrettably gone under.
Many workers are taking pay cuts even if they can keep their jobs, suggesting that companies are actively trying to keep their profits for themselves. The problem is that it is hard to fathom why these pay cuts have been taken.
The billionaires of the world have gotten even richer while the poor of the world have gotten much, much poorer. It looks like this vicious cycle will continue for some time.
People are dealing with these wage cuts in a variety of ways, including a variety of side businesses. Unfortunately, the only way to ensure your financial stability is to increase your hours at work.
You may have heard that you can increase your profits with Amazon FBA. In this course, you’ll learn the business concept in great detail, they say.
As a disclaimer, I’m not affiliated with Tom Wang’s FBA Masterclass. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.
At the end of this review, I’ll also tell you the best alternative to Tom Wang’s FBA Masterclass that has enabled me to make a full-time passive income online.
What Is FBA Masterclass?
Tom Wang has developed the FBA Masterclass online course. It focuses on teaching readers the basics of the Amazon FBA business model. The course covers the various resources and tools you will use.
With the help of this course, learn the ins and outs of PPC (pay-per-click) advertising and how you can use it to boost sales of your Amazon products.
You’ll also learn about the FBA business model, the types of products that lend themselves to this format, and the need for excellent customer service to increase your shop’s star rating.
Competition in the FBA marketplace is fierce, so it’s important to learn how to build your own brand and stand out from the rest.
Remember that excellent service is the most important factor in raising the profile of your business. Advertising also helps introduce your products to as many potential buyers as possible.
The goal of this course is to provide as much information as possible to help you get started with FBA.
Tom Wang FBA Masterclass Pricing
This program will cost you $6,997 CAD. Unfortunately, there is no installment option. Full payment is required to gain access.
However, the high cost can be justified by the extensive number of modules and lessons that the course includes.
However, if you are on a tight budget and looking for a simple introductory course, this is probably not for you.
Who Is Tom Wang?
The FBA Masterclass was developed by Tom Wang. He is at home in the business world, so to speak.
The business idea of Amazon FBA appealed to him after he heard about it from a friend. So he tried it out and is now a thriving seller on the site.
Hoping that his approaches will help others achieve their goals, he wants to spread the word.
What Does FBA Stand For?
Fulfillment by Amazon (FBA) is a service provided by Amazon that stores and ships orders for other businesses.
Businesses ship their goods to FBA-specific Amazon warehouses.
Products are received at Amazon’s fulfillment center, where they are sorted, packaged, and shipped to customers. Returns, refunds and post-sale customer support are handled by Amazon.
What Is FBA Business?
With an Amazon FBA store, you as a seller can choose the products you want to sell, select a supplier, order the products, pack and ship the products.
Amazon takes care of everything once it’s delivered to one of its fulfillment centers.
If you are not an Amazon Affiliates member, it’s different.
Like any business model, Amazon FBA has its pros and cons, as well as certain areas you need to learn as a seller. Nonetheless, the FBA business plan is tempting, especially if you go deeper.
Does Tom Wang’s FBA Masterclass Work?
This programme does not appear to be a scam. A course like this can teach you a lot, but it cannot guarantee that you will be successful in the professional world.
Remember, the techniques you will be introduced to are the ones Tom suggests. But there is no guarantee that you will benefit or that your clients will like the training.
We suggest that you pick a product you want to sell as a starting point for this course. However, I do not think this strategy will work because Amazon shoppers value variety.
Still, Tom insists that his strategy is a good one. One good idea he touched on was finding a “hot” product to sell, and he emphasised that if you are doing well, you can bring other things to market.
But that will not be enough to get people into your shop.
Advertising is the most effective way to increase brand awareness. While the course will give you the knowledge and skills you need, it makes no promises about how quickly you can start selling. You need to get the word out about your products.
Keep in mind that it may take some time to see financial success. You should not expect immediate results from this course.
Tom Wang’s FBA Masterclass Overview
This training package includes 330 courses and additional training videos from others who have had success with the platform.
When you buy the course, you also have access to coaching conversations with the instructor. Here I explain.
Chapter 0 – Setup & Welcome Video
The first section of the FBA Masterclass is an introduction. There is a 12 minute introduction video so you can jump right into the lessons you need.
It’s easy to get lost in 330 lessons, so this video is a good place to start. In addition, we have included a video tutorial on setting up your own Amazon account.
An overview of the first steps to getting set up is also included.
Chapter 1 – Finding Your First Winning Product
As I indicated, Tom is focused exclusively on selling this one thing. There are a total of 19 training videos here that cover different methods for deciding which product you prioritize.
Amazon’s Suggested is just one example of software that can guide you to the right product. There are plenty of markets and merchandise out there, and you can use dedicated software to sift through them and make the best possible selection for your online business.
You’ll also learn which products to avoid and how to make your offers enticing.
Helium 10, a suite of tools that can help you with product research, search engine optimization and product management, is also covered. But you have to buy this on the side.
Chapter 2 – Sourcing Negotiation And Logistics
To become an Amazon seller, you need to build relationships with reliable wholesalers. Undoubtedly, you do not have the time to come up with new product ideas and develop prototypes yourself, which is why you chose to go this route instead of using Shopify.
In this lesson, you’ll find templates that you can use as a starting point for formal correspondence with vendors. There’s also a short video that walks you through the process of negotiating with vendors you want to do business with.
There is also a training video that explains how logistics work in general and how to source goods from China in particular. In total, there are 39 videos to watch in this course.
Chapter 3 – Building Your Foundation For Launch
In this lesson, you will learn everything you need to know to successfully post items on Amazon. You underestimate the difficulty and monotony of this task.
In this section you will learn everything you need to know to successfully offer products in your online store. You will learn how to write product descriptions, take photos, research keywords and set prices.
Chapter 4 – Getting Reviews
Reviews for your product or service are like free advertising for your business. Save money on marketing by soliciting positive feedback in the form of reviews.
A 25-minute video walks you through the basics of using Feedback Whiz, and there are other movies on how to get positive comments.
You’ll also learn how to motivate buyers to leave positive reviews and how to increase the number of people who look at your product listings.
Chapter 5 – Rank & Bank
Learn how Amazon determines product rankings here. During the training, you will learn how to properly identify and describe your products using keywords. Your goal should be to have your items appear on the very first page.
Chapter 6 – Manychat
Many Facebook pages use the Manybot chatbot service. By streamlining and automating customer interactions, this tool can save you a lot of time and energy.
Thanks to this handy tool, you no longer have to go through the trouble of contacting potential customers in person. It is definitely a handy device.
You can try the software for free, but if you really want to use it, you should buy it and install it on your computer.
Chapter 7 – Seller Tools
The team responsible for building this platform is among the top 1% of Amazon sellers. You can use this information to learn crucial details about the successful selling strategies of industry leaders.
Helping your business grow is a must, and Seller Tools could be just what you need.
Chapter 8 – Facebook Ads
This course is designed to show you how Facebook ads can help your business. Remember that Facebook is a huge platform and advertising on it can be costly.
Advertising is fantastic if you want people to know about your merchandise. Tom will introduce you to the ins and outs of Facebook ads and provide training videos to help you make your ads as effective as possible.
Chapter 9 – Rank & Bank Strategies
If you want to boost your business, learn all about Facebook ads and Manychat in this program.
You can benefit from the training videos in this module by learning strategies that your competitors in the sales industry may not be using.
Chapter 10 – Amazon PPC
It will take you a while to finish this module. Founder Mina Elias and her team run the training. He has also had great success as an Amazon seller, with his particular area of expertise being Pay Per Click advertising. In his lesson, he shows you how to use these ads wisely.
This module includes 38 courses, so you’ll end up with a solid foundation in FBA.
In addition, you can listen to 3 recordings of Q&A sessions with Mina, where he answers common questions about PPC.
Chapter 11 – Maintain And Scale
Compared to the other modules, the instructions in this module are limited to text. It comes with 4 files explaining how to use promotions to increase traffic and how to create variations in your Seller Central account.
Chapter 12 – Finance Side Of Amazon Fba
The financial aspects of running a business are the focus of these tutorials. In this guide, you’ll learn the basics of keeping accurate financial records and monitoring your expenses. You’ll also get instructions on how to decipher your Amazon payment statement.
Chapter 13 – Miscellaneous
These courses will focus on topics not covered in previous courses. Dealing with out-of-stock items, communicating effectively with Amazon support, and other topics related to building and growing your brand will be covered in detail here.
Another goal of this book is to reveal the secrets of excellent customer service.
Level 2 Program
Those who have made it into the $5k/month sales club are qualified for this training. This new and improved training will show you how to take your business to the next level.
Why I Don’t Recommend Amazon FBA?
Based on my findings, the typical profit margin for Amazon merchants is only 10%. Keep in mind that these sellers are seasoned professionals, so the actual number for newbies will be much lower.
Expect to encounter some tough competition. To stand out from the crowd, you will have to put in a lot of hard work and effort.
In this section of my FBA Masterclass review, we will explain why I do not recommend this business strategy.
Alternatively, you can try your hand at something that does not require as much time and effort.
The Amazon marketplace currently has far too many sellers. There are just too many items on the market, and the items you want to sell have probably already been posted by someone else.
As a result, your shop does not stand out from the crowd as much as it should.
Even before you start selling, the odds are against you. If you ask me, it’s pretty much impossible to break into a niche market that is not already saturated with established merchants on a platform with a large number of these sellers.
High Financial Risk
Dropshipping has the potential to reduce several costs, including manufacturing and warehousing costs. However, there are still many costs to consider, even though you will not be managing your shop’s inventory here.
Marketing, branding, supply chain management and product packaging all fall under this category. You still have to pay for expensive advertising even if no one buys from you.
Little Quality Control
When you outsource, you lose control of the final product and its quality. Is there any damage? How long do they last? Do you think the prices you set are reasonable given the quality of the products you offer?
There are often quality issues with mass-produced products, especially those that come from China. Remember that with inexpensive goods, rapid production rates are common, so quality control is not feasible.
Remember that if your customers receive damaged or defective goods from your supplier, they will certainly ask for a refund and leave a negative review. Failure to do so will be bad for your company’s image.
Very Low Profit Margin
The chances of winning are really slim. Making money requires a lot of hard work, but success is by no means certain.
Despite the obvious cost savings, I can not endorse the dropshipping business model because it yields very little profit.
Long Startup Time
There are a number of things that need to be done before you can start making profit from sales.
There are a number of things you need to focus on before you can open your shop, such as setting up the shop, finding reliable suppliers, and starting an advertising campaign. It may be months, maybe even a year, before you see any profit.
What I Like About Tom Wang’s FBA Masterclass
Extensive Training Course
There are more than 300 individual lessons in this course. This means that the business concepts and store building procedures discussed in this course are comprehensive.
Even if you do well in this course and become a successful salesperson, it is helpful for a beginner to have some reference materials on hand.
Tom Wang Cares
Tom Wang is a successful Amazon seller and a dedicated educator. Tom Wang wants to make sure everyone has a positive learning experience. That’s why he provides a feedback section after each module.
What I Don’t Like About Tom Wang’s FBA Masterclass
Since the price is high, this training is not recommended for beginners. You will have to spend $7k CAD on a bootcamp right away before you can start your business. I highly doubt you have that kind of money available.
Only people who have a serious interest in selling on Amazon should sign up for this course. You can find beginner courses elsewhere that are far cheaper.
Once you have paid for the course, there is no way to request a refund. In other words, you should be quite sure that this is the business model you want to adopt before you spend the money on it.
Is Amazon FBA Masterclass A Scam?
I cannot say Tom Wang’s FBA Masterclass is a scam. Technically, there is no “scam” here. You do not just grab your money and disappear without giving you anything in return.
It is possible to make money with the application, but it’s not as easy as Tom Wang makes it sound.
As with most FBA businesses, there is a significant upfront investment required with little to no chance of success.
You need a lot of luck to come across a fantastic product that few know about, and then you need to flood the market with it while it’s hot.
Tom Wang FBA Masterclass Review: Final Verdict
I have a few more thoughts that might be useful before I conclude this report on the FBA Masterclass.
I think I have made it clear why Amazon FBA is not a business model I can endorse. It’s not as easy as it seems, and you need a lot of knowledge before you even think about doing it.
Doing business on Amazon is a grind. Listing your goods and finding a source of supply are just two parts of the process. It’s not ideal to have a single person handle all the tasks that need to be done on a daily basis.
Even if you do not want to deal with inventory, you still need a significant advertising budget. Plus, ads are not cheap, especially if you want to promote your business on social media.
The yield is really meager, so this is an unjustified waste of time. It’s not even worth doing as a hobby.
In my opinion, the best side hustles are the ones that do not require too much time outside of work. I have never seen anything better than this. It also does not require mastering a lot of complicated procedures. We will go into more detail in the next part.
Best Alternative of Tom Wang FBA Masterclass to Make Passive Income
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate 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 15 years and there are many success stories in the past decade.
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 free 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.