Just One Dime is just a coaching company that helps you start 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, give you 3 product ideas to begin with and coach you on how to scale your FBA business. After going right through all the details of what you'll learn in this course, we'll find out what other alternatives you can find to the course, what you need to succeed being 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 produce over 1 million dollars per year.
If that is true, I believe he's just discussing the total sales revenue, however not net profit. Because the internet profit margin on Amazon is known to be pretty low. I will show you why in a later section.
As a result of frustration at his job, he started doing their own business. He didn't desire 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 wanted to greatly help others to achieve exactly the same and started to create a course.
Seth Kniep doesn't have your own 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 a number of the YouTube videos, many are promotional videos that try 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 an exercise course by Just One Dime that teaches you how to get products with the point 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 a whole Amazon business. Their focus is on building you a brandname instead of just an Amazon store. The expense of this service is $30,000-$60,000. Currently, the service is unavailable, but you are able to join the waiting list.
Is the FBA Business Model Suitable For You?
There are plenty of things that Seth Kniep doesn't inform you because 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 of 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 more difficult than you thought.
Is there a better alternative to Amazon FBA?
Local lead generation is just a better alternative to Amazon FBA. Lots of people have found that helping local small businesses generate more leads every month is significantly more passive and fulfilling. I enjoy this business model 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 take care of it like a business and understand that you might want to dedicate plenty of money and time and energy to it. In accordance with JungleScout, 76% of sellers are profitable regardless of the supply chain issues. Clearly, Amazon FBA can still be profitable.
You simply need to remember that you're competing against tens of thousands of sellers from all around the world and constantly running PPC ads, so carrying it out in your free time isn't the best way to be successful or earn any kind of passive income.
Learn about the lead generation coaching program that's over 7000 students who're creating new passive income streams and living life on the terms.
