Wealth Assistants Review (2023): Scam or Legit?

Today, I’m excited to dive into the world of Wealth Assistants and explore how this automation company can potentially help you make money through dropshipping on Amazon and Shopify. If you’ve been searching for ways to scale your ecommerce business without getting bogged down by tedious tasks, Wealth Assistants might just be the solution you’ve been looking for.

What is Wealth Assistants?

Wealth Assistants is an automation company founded by the enterprising entrepreneur, Ryan Carroll. The company specializes in offering done-for-you Amazon and Shopify dropshipping stores with a unique twist of automation services. In simpler terms, they handle the nitty-gritty aspects of running an ecommerce business for you, allowing you to focus on other important aspects of your life.

Wealth Assistants Review

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Who Created Wealth Assistants?

Wealth Assistants was brought to life by Ryan Carroll, an ecommerce enthusiast hailing from Miami, Florida. Before diving headfirst into the ecommerce world, Ryan was involved in real estate, where he honed his entrepreneurial skills. His passion for ecommerce blossomed after being mentored by the accomplished Fred Lam back in 2016. Fast forward to 2021, and that’s when Ryan established his very own automation service company – Wealth Assistants.

Ryan Carroll

How Does Wealth Assistants Help You Make Money?

Wealth Assistants offers a comprehensive range of services to help you establish and grow your ecommerce business. Whether you choose the Amazon or Shopify automation service, Wealth Assistants provides the necessary tools and support to increase your chances of success.

Amazon Marketplace Management

With their Amazon automation service, Wealth Assistants takes a unique approach by operating within Amazon’s policies. Rather than shipping products directly from suppliers, they employ a dropshipping-Amazon FBA hybrid model. Products are sent to their warehouse in Southern California, where they undergo quality checks and professional photography before being shipped to Amazon for fulfillment. This process ensures compliance with Amazon’s regulations and mitigates the risk of account suspension.

Shopify Brand Management

For those with ample capital, Wealth Assistants’ Shopify automation service is designed to fully manage your Shopify store. The goal is to achieve a remarkable Return on Investment (ROI). The process includes a startup phase, where funding is secured, and the foundations of your Shopify store are set up. 

The team then proceeds to source products, perform quality checks, and establish social media accounts and advertising campaigns. The testing phase follows, where products are qualified and tested to find the flagship product that resonates with customers. Email and SMS marketing, as well as Google Shopping retargeting campaigns, are implemented to drive repeat purchases and build brand loyalty.

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Who is Wealth Assistants For?

Wealth Assistants’ services are designed for entrepreneurs who have access to substantial capital but lack the time or resources to manage their own ecommerce business. If you’re looking for a way to invest in dropshipping without the hassle of handling day-to-day operations, Wealth Assistants might be the perfect fit for you.

The price range of their services varies depending on the package and profit split you choose. Keep in mind that while they promise impressive results, dropshipping, like any other business venture, carries its own risks and challenges.

How Much Does Wealth Assistants Cost?

Now, let’s get down to the nitty-gritty of the cost involved in working with Wealth Assistants. The price of their services ranges from $35,000 to $200,000, depending on the package and profit split you select. They also offer financing options for the credit required to purchase products.

For Amazon Marketplace Management, there’s an initial one-time fee, along with a $2,500/year recurring renewal fee. Shopify Brand Management, on the other hand, involves a $1,500/month operating expense after the first 90 days. Additionally, there’s a 2.9% + 30¢ Shopify payment processing fee per product sold. Keep in mind that these costs are just one side of the coin, as you’ll also need to consider your investment in the products themselves.

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Are Clients of Wealth Assistants Getting Results?

Given that Wealth Assistants is relatively new to the scene, it can be challenging to find a plethora of client success stories. However, there are some promising reviews on Trustpilot and Reddit, which indicate that the company is on the right track.

As with any business venture, it’s essential to conduct thorough research and exercise due diligence before investing your hard-earned money. Keep in mind that Wealth Assistants also has an affiliate program, which may influence some of the reviews you come across. Nonetheless, the fact that they have a refund policy and guarantees in place is a positive sign that they stand by their services.

Is Wealth Assistants a Scam?

The burning question on many people’s minds when exploring automated dropshipping services is whether it’s all a scam. Based on the information available, Wealth Assistants seems to be a legitimate company offering automation services within Amazon’s policies. They have a real founder, a physical location for their warehouse, and are featured in various publications. While it’s important to be cautious and do your due diligence, labeling Wealth Assistants as a scam might be an overreach.

Wealth Assistants Review on trustpilot


Wealth Assistants Review on trustpilot 2


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Praises About Wealth Assistants

  • Automation: Wealth Assistants takes care of day-to-day operations, allowing entrepreneurs to focus on other aspects of their lives.
  • Amazon Compliance: They operate within Amazon’s dropshipping policies, reducing the risk of account suspension.
  • Expert Team: The company has a team of experts handling product sourcing, quality checks, listings, and customer service.
  • Reduced Risk: Clients appreciate the minimized risk associated with dropshipping through Wealth Assistants.
  • Time and Freedom: Clients gain more time and freedom as the team handles various business tasks.

Criticisms About Wealth Assistants

  • High Cost: The services offered by Wealth Assistants come with a substantial upfront cost and additional operating expenses.
  • Low Profit Margins: Dropshipping itself often involves low profit margins, which might impact the overall income potential.
  • Success Not Guaranteed: As with any business venture, success may not be immediate, and results may vary.
  • Overhyping Potential Income: Some critics have pointed out potential overhyping of income possibilities.
  • Amazon Fees: The inclusion of Amazon fees in the product price might affect the chances of winning the buy box.

Should You Use Wealth Assistants?

As you contemplate whether Wealth Assistants is the right choice for you, consider your own financial situation, risk tolerance, and long-term business goals. Automated dropshipping services can be beneficial for those with the capital to invest and limited time to handle day-to-day operations.

Ultimately, whether you should use Wealth Assistants or not depends on your unique circumstances and willingness to venture into the world of dropshipping. While there are potential benefits, it’s essential to weigh them against the costs and possible risks involved.

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In conclusion, Wealth Assistants offers an intriguing solution for entrepreneurs looking to scale their ecommerce businesses without getting bogged down by the operational intricacies. With a team of experts handling the heavy lifting and the promise of compliance with Amazon’s policies, Wealth Assistants has garnered attention in the dropshipping community.

However, like any business venture, it’s crucial to approach it with caution and do your own research. Consider the cost of their services, your investment in products, and the potential outcomes. Always remember that success in dropshipping, or any business for that matter, takes time, effort, and a good understanding of the market.

So, if you’re eager to dive into automated dropshipping and are willing to invest the capital, Wealth Assistants might just be the partner you need on your journey towards ecommerce success.

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