Just One Dime is really a coaching company that can help you take up a profitable Amazon FBA brand (private label) within their Amazon FBA Mastery course. The program's coaches handpick suppliers (that tend to be not on Alibaba) for you personally, give you 3 product ideas to begin with and show you how exactly to scale your FBA business. After going right on through all the important points of what you'll learn in this course, we'll discover what other alternatives there are to the course, things you need to succeed as an Amazon seller and what the difference between Amazon FBA and dropshipping is.
Who is Seth Kniep?
Seth Kniep is an Amazon seller who claims to produce over 1 million dollars per year.
If this really is true, I believe he's just discussing the full total sales revenue, but not net profit. Because the internet profit margin on Amazon is regarded as pretty low. I can tell you why in a later section.
As a result of frustration at his job, he started doing their own business. He didn't want to benefit others and earn money for them.
Seth Kniep started exploring the chance to offer on Amazon. He claimed to double his income from his prior job.
Having achieved success in Amazon FBA, he claimed that he wanted to greatly help other folks to reach exactly the same and started to make a course.
Seth Kniep doesn't have a personal YouTube channel. The YouTube Channel may be the course name, which is Just One Dime. It's about 236K subscribers on YouTube. I watched some of the YouTube videos, many are promotional videos that make an effort to promote his course.
On Facebook, Seth Kniep has few followers only. There are around 3k followers at the time of writing.
What is Amazon Arbitrage Mastery?
Amazon Arbitrage Mastery is a training 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 really a service where in fact the Just One Dime team builds you a whole Amazon business. Their focus is on building you a brand rather than just an Amazon store. The cost of this service is $30,000-$60,000. Currently, the service is not available, but you are able to join the waiting list.
Is the FBA Business Model Suitable For You?
There are lots of items that Seth Kniep doesn't inform you when he wants one to enrol in his course. So he only tells you the positive reasons for having Amazon FBA.
From my observation, the profit margin of most Amazon vendors is, at best, slightly higher than 10%, due to the intense competition.
In fact, starting an Amazon FBA business requires persistence and relentless focus. It's much more difficult than you thought.
Is there a better alternative to Amazon FBA?
Local lead generation is really a better alternative to Amazon FBA. Lots of people have found that helping local small businesses generate more leads every month is much more passive and fulfilling. I enjoy this business design because I don't have to cope with any physical products or customer orders.
Amazon FBA is worth every penny if you're going to deal with it like a business and understand that you need to dedicate plenty of money and time and energy to it. In accordance with JungleScout, 76% of sellers are profitable despite the supply chain issues. Clearly, Amazon FBA can still be profitable.
You simply need to understand that you're competing against tens and thousands of sellers from all over the world and constantly running PPC ads, so doing it in your free time isn't the simplest way to be successful or earn any kind of passive income go now.
Learn about the lead generation coaching program that has over 7000 students who are creating new passive income streams and living life on the terms.
