Today we will be reviewing a program known as eCom Domination Masterclass. Is the program legit? Find out in this eCom Domination Masterclass review.
The so-called “Shopify Tan Brothers” assert that if you learn their trade secrets, you will be able to launch your own online store and discover new “viral” products to sell on a consistent basis.
However, will they actually be capable of delivering what they promise? On the other hand, is there any truth to the claims made by the makers of this program?
Before you decide to sign up for this program, you should read this eCom Domination Masterclass review first.
DISCLAIMER: This is a fully independent review. I’m not affiliated with eCom Domination Masterclass in any shape or form whatsoever.
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eCom Domination Masterclass: Quick Details
- Name: eCom Domination Masterclass
- Owner: Steve and Evan Tan
- Website: https://edm.leapvista.com/edm-register-fb-2
- Socials: Instagram (Steve), Instagram (Evan)
- Type: Training course
- Niche: Dropshipping
- Recommended?: Dropshipping may be a highly lucrative business model if you can accurately forecast the types of products your consumers will be searching for on the internet and supply them directly to them. Therefore, acquiring the necessary knowledge and skills to become an expert calls for a significant time investment in the form of practice and study. Because dropshipping is a full-time occupation, it’s important to look into alternative passive income opportunities to make up for the sacrifice in work-life balance.
What is eCom Domination Masterclass?
The Tan brothers, Steve and Evan, were born and raised in Singapore, and both of them have gone on to successful careers there. Shopify Tan Brothers is the name of the business that was started by the two brothers in 2017.
It seems as though all of their programs are built on the same drop-shipping business model and are extremely similar to one another.
According to reports, Steve and Evan Tan’s dropshipping business brought in $360,000 in a single day of sales.
Considering that there is no upper limit to the amount of orders that may be placed on Shopify dropshipping sites, I can’t help but wonder if the actual sales figure was inflated.
Today, there is no shortage of people who are specialists in e-commerce, and each one of them is eager to dazzle you with claims of achieving success on a scale that has never been seen before. However, both of the brothers can brag about having a nine-figure salary, which places them in an exclusive group of people.
The brothers have built up a sizable audience on Facebook, but they have not yet established a presence on YouTube through the creation of a channel there.
Tan Brothers’ Net Worth
In an article that was posted on the website of the Forbes Council, Steve Tan claimed that he and his brother Evan Tan had sold more than $100 million worth of items through their internet sites, with one of those stores producing more than $360,00 in revenue in a single day.
In addition to this, they allegedly have 68,000 members in their eCommerce Elites Masterminds Facebook network.
It would seem that both Steve Tan and Evan Tan should have a net worth in the seven digits.
To drive home the idea, participation in a Forbes Council is something that may be pursued by anyone who so desires. The cost is $2,000 per year to maintain the membership. After that, you’ll be able to create your personal profile.
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eCom Domination Masterclass Overview
It seems that eCom Domination Masterclass is a dropshipping course. It promises to show you the easy, but highly guarded, eCom secrets that will allow you to launch your own eCommerce site and uncover new, viral things to sell on a regular basis.
The term “dropshipping” refers to a technique of retail fulfilment in which a retailer does not hold inventory of the goods it sells. When a dropshipping retailer sells an item, it places an order with a wholesaler or retailer like AliExpress and then has the product shipped directly to the buyer. As a result, the seller is relieved of the responsibility of fulfilling orders and maintaining inventories.
The course outline is not displayed on the main website. In order to find out more information, you must register for the free webinar.
On the front page, there is no indication of how much the eCom Domination Masterclass would set you back. Although dropshipping courses don’t come cheap, we may get an an indication of their cost by looking at the price of Steve Tan and Evan Tan’s Ultimate eCom System, which was released in 2019.
The Ultimate eCom System was originally offered at a price of $1997; however, this was eventually lowered to a price of $1,497. Given that this appears to be the going rate, it is reasonable to assume that the eCom Domination Masterclass will also cost somewhere around $1500.
Is Dropshipping Worth It?
Far from Profitable
There is a widespread misunderstanding that the turnover of a firm’s physical assets is directly linked to the profitability of that company. Although it is quite common, dropshipping is not necessarily a foolproof method for generating a rapid profit.
Because dropshippers do not receive any benefits from volume discounts, their profit margins are lower than those of distributors and manufacturers. If you use drop shipping, you won’t buy any inventory until there’s a confirmed order for it first. This is because drop shipping eliminates the middleman.
Another challenge is that it is quite likely that you will have to pay additional money to have your stuff shipped to you. For online retailers, this is a sizeable sum of money, especially when considering the costs of things like marketing, site maintenance, and search engine optimization.
As a direct consequence of this, a great number of newly established companies face significant obstacles as they work to enhance their dropshipping practices.
Strikingly Competitive Market
The practice of dropshipping is not necessarily the ideal option for people who are hoping for quick cash rewards. This is because there is a great deal of competition inside each of the numerous market areas.
Because there are little barriers to entry, the dropshipping industry has served as a stepping stone for many people as they make their way into the corporate world. It is to be anticipated that those dropshippers who have been operating for some time would provide tough competition.
Because of their well-established reputation, they are able to undercut the industry standard by selling their wares at more reasonable costs while still generating a healthy profit. People are going to choose, as a matter of course, the business that is offering a lower price given that the two of them sell the same things.
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Unexpected Shipping Costs and Problems
It’s possible that purchasing at a number of different wholesalers will result in more expensive shipping rates. Take for example a client who is interested in purchasing items A, B, and C and has decided to purchase them from Companies D, E, and F respectively.
The problem comes when the shipping expenses are paid for individually, rather than as part of a package deal.
The customer asserts that they completed their entire transaction on your website and that they have no intention of paying an exorbitant amount for delivery.
Customers who are confronted with exorbitant shipping prices are more likely to abandon their shopping carts; as a result, you will need to foot at least some of the bill in order to keep those customers from leaving. In point of fact, this is the primary reason why customers ditch their shopping carts altogether.
Problems with Suppliers
When a company model is based on dropshipping, the profitability of each individual sale is significantly dependent on the success of the supplier or wholesaler.
In contrast to more conventional forms of enterprise, dropshipping necessitates that you actively seek out and incorporate the feedback of your customers into the process of developing your business in order to forestall the occurrence of issues that are analogous to those that have already occurred.
Some wholesalers could even deliberately cut corners during the packaging process in order to boost their revenues. Because of their centralized location in the distribution chain, dropshippers frequently shoulder the burden of customer complaints.
Another factor that will be taken into consideration in the process of determining how to best address such issues is the rate at which customers, retailers, and wholesalers can share information with one another. In order to be of assistance to a customer, you must first convey their concerns to the company that is providing the service.
As a consequence of this, the dropshipping procedure is advantageous to the wholesaler more so than it is to the retailer who also takes part in it. One of the most significant limitations is that you do not always have control over how well you do in terms of ratings and comments. This is one of the most frustrating aspects of the system.
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