Just One Dime is just a coaching company that can help you start a profitable Amazon FBA brand (private label) inside their Amazon FBA Mastery course. The program's coaches handpick suppliers (that tend to be not on Alibaba) for you, give you 3 product ideas to begin with and coach you on how best to scale your FBA business. After going through all the important points of what you'll learn in this course, we'll find out what other alternatives you'll find to the course, the thing you need to succeed becoming an Amazon seller and what the difference between Amazon FBA and dropshipping is.
Who is Seth Kniep?
Seth Kniep is definitely an Amazon seller who claims to make over 1 million dollars per year.
If that is true, I think he's just discussing the total sales revenue, however not net profit. Because the net profit margin on Amazon is known to be pretty low. I will show you why in a later section.
Consequently of frustration at his job, he started doing their very own business. He didn't want to work for others and generate income for them.
Seth Kniep started exploring the chance to sell on Amazon. He claimed to double his income from his prior job.
Having achieved success in Amazon FBA, he claimed that he wished to greatly help others to reach a similar and started to create a course.
Seth Kniep doesn't have your own personal YouTube channel. The YouTube Channel could be the course name, which is just one dime review. It's about 236K subscribers on YouTube. I watched numerous the YouTube videos, the majority are promotional videos that attempt to promote his course.
On Facebook, Seth Kniep has few followers only. You can find around 3k followers during the time of writing.
What is Amazon Arbitrage Mastery?
Amazon Arbitrage Mastery is a workout course by Just One Dime that teaches you how to get products with the purpose of reselling them using Amazon's fulfillment service. The Just One Dime expert coaches train you in online arbitrage and retail arbitrage.
What is Done For You by Just One Dime?
Done For You by Just One Dime is just a service where the Just One Dime team builds you an entire Amazon business. Their focus is on building you a brandname rather than just an Amazon store. The cost with this service is $30,000-$60,000. Currently, the service is unavailable, nevertheless, you can join the waiting list.
Is the FBA Business Model Suitable For You?
There are many of items that Seth Kniep doesn't inform you when he wants you to enrol in his course. So he only lets you know the positive reasons for having Amazon FBA.
From my observation, the profit margin on most Amazon vendors is, at best, slightly greater than 10%, as a result of intense competition.
Actually, starting an Amazon FBA business requires persistence and relentless focus. It's much harder than you thought https://www.degreefinders.com/online-opportunities/just-one-dime-review/.
Is there a better alternative to Amazon FBA?
Local lead generation is just a better option to Amazon FBA. A lot of people are finding that helping local small businesses generate more leads every month is now more passive and fulfilling. I enjoy this enterprize model because I don't have to manage with any physical products or customer orders.
Amazon FBA is worth every penny if you're going to take care of it like a business and recognize that you might want to dedicate plenty of money and time and energy to it. In accordance with JungleScout, 76% of sellers are profitable whatever the supply chain issues. Clearly, Amazon FBA can still be profitable.
You just need to remember that you're competing against countless amounts of sellers from all around the globe and constantly running PPC ads, so carrying it out in your spare time isn't the simplest way to be successful or earn any type of passive income.
Find out about the lead generation coaching program that's over 7000 students who're creating new passive income streams and living life on the terms.
