Today we will be reviewing a program known as Amazon Sharks. Is it legit? Find out in this Amazon Sharks review.
You probably saw the Amazon Sharks commercial on your way here. This is a course taught by Andrew Minalto that promises to assist people in the United Kingdom launch successful Amazon FBA businesses and leave their day jobs.
This must be a joke, right? So, I’ll just tell you how it really is.
First of all, let’s be honest: it’s not easy to manage a flourishing Amazon FBA business. If that were the case, Andrew Minalto wouldn’t be peddling his courses online.
He probably doesn’t want other people trying to make money the same way he is if that’s the case.
However, Amazon Sharks has proven to be effective for certain pupils. That’s a point I’ll elaborate on later.
In this article, I’ll address a common question I get regarding the Amazon FBA company by contrasting it with another popular e-commerce model: dropshipping.
Before you decide to pay for this course, you should read this Amazon Sharks review first. You should check if it is worth the time and money before you decide to commit to it.
DISCLAIMER: This is a fully independent review. I’m not affiliated with Amazon Sharks in any shape or form whatsoever.
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Amazon Sharks Review: Quick Details
- Name: Amazon Sharks
- Founder: Andrew Minalto
- Website: https://andrewminalto.com/
- Socials: Instagram, Twitter
- Type: Training program
- Niche: Amazon FBA
- Recommendation: I do not think that selling in Amazon is profitable at this point, because of all the competition.
Amazon Sharks Overview
The Amazon Sharks course is broken up into 10 courses, each of which focuses on a certain facet of the Amazon FBA industry.
Module 1 will introduce you to the fundamentals, while subsequent modules will cover more complex subjects, such as advertising and global expansion.
This training is great because it’s designed for complete novices like myself. Instructor Andrew covers the fundamentals of Amazon FBA so that you may dive right into the practical exercises without feeling lost or having to resort to exhaustive online research.
Module 2 focuses on conducting market research, which is covered by Andrew, and Module 3 teaches you how to locate potential suppliers.
Training is also provided in Amazon Fulfillment, listing creation, and brand development.
Andrew stresses that it isn’t always about locating the unicorn product with unlimited expansion possibilities.
What really counts for your business is not the trendy product you choose, but rather how well you optimize your listing for that product.
You will also discover a tried-and-true method for increasing the visibility of your Amazon listing through the use of bought Facebook traffic.
International Expansion and Manufacturing Paradise are two optional modules that can be taken in addition to the main ones.
There is something here for everyone, whether you’re just starting out or have years of expertise under your belt.
Is Andrew Minalto Legit?
The assertions that Andrew Minalto has made are not baseless. In point of fact, he is an Amazon FBA coach that provides legitimate courses designed to assist business owners.
It is important to keep in mind, however, that over the past few years, Amazon has made it progressively more difficult to generate a profit.
Even if Andrew were to teach you everything he knows about Amazon FBA, it wouldn’t always ensure that you’d have the same level of success that he does.
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Which is Better: Amazon FBA or Dropshipping?
The question of whether to start an online company with an Amazon FBA course or a Shopify dropshipping school is a common one.
Although I am not particularly fond of either model, if forced to choose, it would be Amazon FBA.
Dropshipping is favored by some since it eliminates the need to have stock on hand and instead has your supplier send orders straight to your customers.
However, most novices are unaware of the shady expenses that come with Shopify dropshipping.
They put too much faith on Facebook advertisements, despite the fact that their profit margins are typically far less than they imagine.
When compared, Amazon FBA has the ability to earn passive revenue because you can use the site’s current user base.
Dropshipping necessitates constant usage of Facebook advertisements, which adds complexity to each and every sale.
There are several issues with Facebook commercials. You need to keep an eye on your data frequently because of the daily fluctuations in performance and ad cost. Those with no expertise may quickly find that they have lost several thousand dollars.
When everyone is trying to sell the same popular items, it might be difficult to generate new contacts. Free, organic traffic that people actively seek out is more reliable than the traffic you may get from Facebook ads.
Ultimately, you’ll be handing up a sizable chunk of your profits to Facebook, and Mark Zuckerberg will come out on top.
But it doesn’t imply I think you should put your money on Amazon. If this is your first time running an internet business, it’s in your best interest to begin with a low-risk, low-investment option.
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Amazon Sharks Cons
FBA is not that simple.
While Amazon provides a lot of the heavy lifting for you, running an FBA business is still a lot of effort.
Dealing with suppliers, evaluating delivery firms, and following Amazon’s policies and local government requirements are all examples of the mundane but necessary work you’ll need to do.
For newcomers seeking a low-maintenance source of money on the side, this procedure may be too complex and time-consuming.
Price wars is inevitable.
Competing sellers on Amazon frequently engage in “price wars,” in which each participant attempts to attract more buyers by offering a cheaper price.
You may have to reduce product expenses to prevent a net loss, but doing so may lead to inferior products, unhappy consumers, and a decline in sales.
Cash flow is very slow.
Managing your company’s cash flow is crucial, but it may be especially difficult for Amazon FBA sellers.
Buying stock from Chinese distributors is a significant financial commitment for most retailers, and developing a brand new private label product may be much more expensive.
Payment for purchased stock may be delayed for several months if production and shipment are slow.
Upfront cost is high.
Establishing an FBA company can be quite costly. A first outlay of $15,000 to $20,000 is required.
Samples, stock, labels, boxes, and Amazon’s advertising services are all included in this total.
Once you begin selling on Amazon, you will quickly deplete your first $10,000 investment.
That’s why it’s so important to ask yourself if you’re prepared to put your money where your mouth is.
Final Verdict – Amazon Sharks Review
Despite the fact that there is the possibility of financial gain, creating an Amazon FBA store is not a simple task.
It may be difficult to deal with the intense competition, ever-changing sales tax legislation, category boundaries, and Amazon’s own restrictions.
In addition, even a single violation might lead to the permanent suspension of the user’s account access privileges.
Because of this, it is extremely important to evaluate whether or not the advantages of the FBA business model exceed its disadvantages and risks.
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