Today we will be reviewing a program known as eCom Genie. Is it legit? Find out in this eCom Genie review.
Being able to efficiently run your eCommerce business can be quite challenging, especially if you are a beginner. As a newbie to the eCommerce industry, you must be wondering how you can be able to efficiently run a business without knowing much.
There are some services offering to help you run your business for you, what you should bear in mind that learning to manage it can help you keep your costs low, and that can help you avoid scams that come with entrusting your business to someone else.
Automation services like these are pretty expensive, so you should be prepared.
Before you decide to sign up for this program, you should read this eCom Genie review first.
DISCLAIMER: This is a fully independent review. I’m not affiliated with eCom Genie in any shape or form whatsoever.
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eCom Genie Review: Quick Details
- Name: eCom Genie
- Founder: Steven Mayer
- Website: https://ecomgenie.co/
- Socials: N/A
- Type: Business solutions, done-for-you services
- Niche: eCommerce
- Recommendation: I would not recommend that you dab into eCommerce if you are not ready, as you can potentially lose a lot of money.
What is eCom Genie?
eCom Genie, the brainchild of the esteemed entrepreneur Steven Mayer, emerges as a trailblazing eCommerce automation service provider set to reshape the landscape of online business.
The essence of this innovative venture is elegantly straightforward: eCom Genie extends a hand in partnership within their thriving eCommerce establishments. Here’s how it works – you contribute the capital, and they assume responsibility for the intricate processes that follow.
Their adept team meticulously secures bulk quantities of products at wholesale prices, strategically positioning them for resale on prominent platforms like Amazon, ultimately sharing the ensuing profits with their collaborative partners.
This collaborative paradigm offers aspiring entrepreneurs a gateway into the realm of eCommerce, eliminating the burdensome intricacies typically associated with autonomous management.
eCom Genie doesn’t merely stop at conventional eCommerce; they are at the forefront of automating operations on both Amazon and Walmart, a testament to their commitment to staying ahead in the ever-evolving eCommerce landscape.
The significance of eCommerce automation cannot be overstated, especially as we step into the year 2023. Statistics indicate that embracing automation in sales and marketing can yield an astonishing 80% increase in lead quantity, enhancing operational efficiency while boosting marketing efforts that contribute to a remarkable 45% growth in ROI.
However, it’s crucial to acknowledge that such automation demands a certain level of technical proficiency, often necessitating training and investment in skill development. Building and maintaining an eCommerce store, after all, is no meager undertaking.
For those considering eCom Genie as their partner in this venture, it’s vital to be aware that the minimum investment required stands at $5,000. While the benefits of eCommerce automation are enticing, this investment threshold underscores the commitment and dedication expected from potential partners.
Who is Steven Mayer?
At the helm of eCom Genie stands Steven Mayer, a seasoned eCommerce luminary with a rich tapestry of experience spanning over a decade in the industry.
Steven embarked on his eCommerce odyssey as an Amazon FBA seller in 2012, and his journey was nothing short of extraordinary, characterized by swift and resounding success.
Driven by an unwavering desire to impart his wealth of knowledge and achievements, Steven ventured into the realm of educational content creation.
He generously shared his insights through a series of free eCommerce business tutorials on YouTube, establishing himself as a revered authority within the eCommerce sphere.
Nevertheless, Steven encountered a formidable setback when his company’s entrusted account manager breached his trust, absconding with millions of dollars in investment capital.
This grievous betrayal dealt a severe blow to both Steven and his company, precipitating the exodus of clients and besmirching the organization’s reputation.
Despite the tempestuous adversity that beset him, Steven refused to succumb to the shadows of despair. He assumed full accountability for the debacle, promptly refunding his clients, and embarked on the arduous journey of rebuilding trust.
A pivotal moment arrived two years after the infamous incident, with the launch of eCom Genie. This endeavor represents Steven’s resolute commitment to redemption and his fervent dedication to providing invaluable assistance to aspiring eCommerce entrepreneurs.
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eCom Genie Overview
eCom Genie caters to individuals with demanding schedules, making it an ideal solution for those who lack the time to manage their eCommerce stores alongside their 9-to-5 jobs.
However, it’s important to note that eCom Genie’s services necessitate a substantial capital investment ranging from $5,000 to $15,000 for inventory. This financial commitment is not to be taken lightly.
It’s essential to clarify that eCom Genie is not a suitable choice for those seeking to acquire the knowledge and skills to initiate their own eCommerce ventures.
Instead, it operates as a comprehensive, “done-for-you” service, explicitly designed to minimize hands-on involvement. It is not structured as a coaching or educational program for aspiring eCommerce entrepreneurs.
In essence, eCom Genie offers a lifeline to busy individuals looking for a hassle-free approach to eCommerce, provided they have the financial means to support their inventory requirements.
However, it’s not a platform for those seeking to embark on a learning journey in the intricacies of starting and managing an eCommerce business.
What does it offer?
Amazon Full Service
eCom Genie’s most sought-after offering, the Amazon Full-Service package, represents the pinnacle of convenience and assurance for partners seeking passive income streams.
This comprehensive “done-for-you” service is structured to guarantee a steady flow of income for participants.
Within this program, partners contribute the necessary capital, which is judiciously employed to procure products in bulk. From this point onward, the eCom Genie team assumes full responsibility for the entire process, encompassing product sales on Amazon and equitable profit-sharing with partners on a monthly basis.
This all-encompassing approach liberates partners from grappling with the intricate nuances typically associated with traditional Amazon FBA selling, such as establishing an LLC, securing an EIN number, and configuring a registered seller account.
One of the program’s notable strengths lies in its ability to deliver tangible results within a remarkably short timeframe, often in less than a month. Partners are furnished with a five-year sales history for the designated store, effectively mitigating the risks associated with potential account suspensions.
The pricing structure for the Amazon Full-Service package initiates with a minimum working capital requirement of $10,000, accompanied by a partnership fee.
Furthermore, eCom Genie extends a safeguard in the form of Store Buyback Protection, allowing partners the option to sell the store back to eCom Genie should they find themselves unable to recoup their initial investment within an 18-month timeframe.
This added layer of security enhances the appeal of the program for risk-conscious individuals.
Amazon and Walmart Hybrid Dropshipping
For individuals seeking an expedited path to sales success while maintaining lower working capital requirements, eCom Genie extends an enticing solution: the Amazon and Walmart hybrid dropshipping service.
This alternative approach entails the strategic procurement of high-demand and lucrative dropshipping products, which subsequently undergo shipping and repackaging under the meticulous care of eCom Genie within their third-party warehouses.
One of the core advantages of this service is its unwavering commitment to ensuring compliance with the rigorous terms and conditions set forth by Amazon and Walmart. This meticulous adherence empowers partners to harness the potential of established bestselling products, boasting a monthly sales volume that reaches into the thousands.
While it doesn’t qualify as a completely “done-for-you” service, eCom Genie generously provides an exhaustive PDF guide, equipping partners with the knowledge and tools needed to set up their Amazon and Walmart stores effectively.
Remarkably, the time investment required for the management of this venture typically ranges between a modest 1 to 2 hours per month. The pricing structure for the Amazon and Walmart Hybrid Dropshipping package initiates with a minimum working capital prerequisite of $5,000, in addition to a partnership fee.
Furthermore, eCom Genie extends a noteworthy safeguard in the form of $100,000 monthly protection. This pledge guarantees the attainment of a minimum monthly sales threshold within a ten-month timeframe.
Should eCom Genie fail to meet this commitment, they pledge to labor free of charge, relinquishing any profit splits.
It is worth mentioning that eCom Genie also offers an Amazon Wholesale FBA service, although specific details and comprehensive information about this offering are currently unavailable.
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eCom Genie offers diverse partnership options with varying cost structures. To engage in the Amazon Full-Service package, a minimum working capital of $10,000 is mandated.
Meanwhile, the Amazon and Walmart Hybrid Dropshipping package can be initiated with a minimum working capital of $5,000. Notably, the pricing details for the Amazon Wholesale FBA service remain undisclosed.
Additionally, each program carries a partnership fee; however, explicit details regarding these fees are conspicuously absent.
It’s prudent to acknowledge that eCom Genie’s pricing may pose a barrier for some, given the substantial initial capital requirements associated with these opportunities, potentially rendering them inaccessible to individuals with limited financial resources.
Does eCom Genie Work?
The question that looms large in everyone’s thoughts revolves around the ability of eCom Genie to fulfill its commitment of generating substantial income.
As per eCom Genie’s claims, partners have the potential to achieve earnings spanning from $1,000 to as much as $20,000 each month.
Nevertheless, it’s imperative to bear in mind that these figures represent averages, and their realization hinges on several factors, including the extent of working capital invested, the maturity of the provided account, and the specific program chosen.
In terms of the timeline for witnessing profits and attaining return on investment (ROI) through eCom Genie, the usual range falls between 12 to 14 months.
It’s vital to acknowledge that the actual outcomes may fluctuate contingent on monthly investment fluctuations, shifts in the market landscape, and individual business strategies.
Final Verdict – eCom Genie Review
I understand your concerns and skepticism about eCom Genie. It’s crucial to critically evaluate any business opportunity, especially one that involves a substantial financial commitment. After reviewing the program, I have some reservations that may give you pause.
Firstly, eCom Genie’s pricing structure is quite steep, with a minimum working capital requirement of $5,000 to $15,000 depending on the plan. This can be a significant financial hurdle for many individuals, potentially limiting accessibility to those with substantial resources.
Furthermore, while eCom Genie touts the potential for partners to earn between $1,000 to $20,000 per month, it’s essential to remember that these figures are averages and depend on various factors, including the amount of capital invested and the specific program chosen. Realizing these income levels is far from guaranteed.
Additionally, the promise of a 12 to 14-month timeline for seeing profits and ROI may not align with everyone’s expectations. Market fluctuations, changes in monthly investment, and individual business strategies can all impact the actual timeframe for achieving returns.
Lastly, entrusting a significant portion of your eCommerce business to a “done-for-you” service like eCom Genie means relinquishing a degree of control.
Learning to manage your business independently not only keeps costs down but also helps you avoid potential scams and pitfalls associated with outsourcing.
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