Amazon FBA Coaching Scam?

Just One Dime Review: Amazon FBA Coaching Scam?

Today we will be reviewing an Amazon training course known as Just One Dime. Is Just One Dime legit? Find out in this Just One Dime review.

Nowadays, finding a stable work is quite difficult. In fact, because business is still slow, firms are hesitant to hire new employees. Many industries have remained closed, while others have sadly gone bankrupt.

Even if you maintain your work, it appears that businesses are attempting to preserve profits to themselves by reducing compensation for a large number of employees. The difficulty is that these wage cuts are incomprehensible.

Billionaires have gotten a lot richer, while the poor have been a lot poorer. This cycle of toxicity appears to be set to continue in the not-too-distant future.

People are using side hustles as a means of surviving despite the salary reduction. Unfortunately, working more is the only option to increase your financial security.

You probably believe that Amazon FBA might assist you in generating revenue. This course claims to be able to teach you all there is to know about the business model.

Is the program effective? Is Amazon FBA something I would recommend? As you read this Just One Dime review, you will discover more.

Before you decide to pay for this course, you should read this Just One Dime 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 Just One Dime in any shape or form whatsoever.

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What is Just One Dime?

Just One Dime Review - Just One Dime intro

Just One Dime is course designed by Seth Kniep. This guy found success when he started selling on Amazon. According to him, the reason why he started selling for Amazon is because he is tired of working for someone else.

He struck gold when he was able to make double of what he used to make while working for an employer. What’s more, he was able to do so in a short amount of time.

Just One Dime Review - Just One Dime creator

He loves his new career, and he created the course so that other people could find success using the techniques he used. He is also open to personally coaching his students.

This course will teach you all that you need to know as an Amazon seller. It will discuss how the Amazon FBA business model works. It also claims that taking it can help make your business successful.

Judging from how comprehensive the course is, maybe it can really help you build a successful business. This is not guaranteed, though. After all, you are still in control of how it will run. All this course can do is guide you.

Just One Dime Cost

There are two options available for you: the Basic and the Premium.

The Basic package will cost you $997, while the Premium one costs $3,997. Bonuses are included in the Premium package, while the Basic package is limited only to the course contents.

Just One Dime Review - Just One Dime cost

Just One Dime Overview

Well, what can Just One Dime teach you? This part of the Just One Dime review will tell you.

It isn’t really different compared to the other Amazon FBA courses I reviewed before, meaning that you should not expect to learn any secret techniques here. It is just a standard course.

You will learning about strategies which you can use in product research, and how you can make your business profitable through the help of good advertising and marketing.

Upon finding your niche and some products that you think could sell well, your next task is to learn how to market your store and your products. That is easier said than done, though.

The course promises that the strategies they will teach you will help you scale your business. However, there are a lot of other courses that promise the same thing. Which of them is telling the truth?

Course Inclusions

Once you have finalized your purchase, you can get full access to the training program that is composed of more than 200 videos. It is pretty comprehensive, actually.

If you choose to go with the Premium option, you can also enjoy 3 hours of weekly live coaching, 1-on-1 mentor sessions, access to the Facebook group, and community mentors which could attend to your questions and inquiries.

To help you with your Amazon store, you also get some hand-picked options of suppliers to provide you with your store products, and 3 researched product ideas that are exclusively sent to you.

Just One Dime Done-For-You Service

It seems that along with a training course, Just One Dime also offers a done-for-you service.

What is a done-for-you service, anyway?

Basically, you are in full ownership of the business, but they manage it for you. You can sit tight and relax, and they will do all the work. With how tedious the tasks are, this service is definitely not cheap.

This service is recommended for people who:

  • Have capital but not the time to grow your own brand in Amazon
  • Are looking for a team you can trust to help you grow your business
  • Want to get on the fast-growing Amazon customer base
  • Serious about getting into eCommerce
  • Want to get a significant return of investment
  • Looking for an investment which offers a great exit opportunity
  • Looking for a way to diversify your investments

This service is the perfect fit for you, especially if you want to take on a silent investor role than taking the time out of your day to deal with your business. After all, FBA is pretty tedious. You have a mountain of tasks to attend to daily.

Before you can even master the business, you are already paying for operational costs.

If you have the money but not the time, then it is worth considering this option. After all, a whole team is going to be doing it for you, and they have the credentials and experience.

The service also focuses on building up your very own brand, meaning that it is a scalable business they will be building for you.

With that in mind, I think the cost they are asking for ($30,000, at least) is justifiable for all the work they will be doing.

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Does Just One Dime Work?

This section of this Just One Dime review will answer the most important question: Will this course work for you?

This course will cover the approaches that Seth thinks to be effective. This means that whether or not it will work for you is a matter of choice and circumstance.

It’s also worth noting that passing this course does not guarantee your success in this field. Additionally, just because you’ll be taught techniques doesn’t mean you’ll be able to apply them all.

It is always contingent on the niche you wish to enter and the products you wish to sell. It’s possible that what worked for others will not work for you.

Even if it is true, this course is comprehensive enough to cover a wide range of topics. Your business’ future is still in your hands.

FBA (Fulfillment by Amazon) Explained

FBA works

This is a fairly easy concept to grasp, so I think giving you a quick overview of the business model is enough. This section of the Just One Dime review can tell you about it.

FBA works like this. You contact a supplier to acquire the items that you need, then you have the products shipped to an Amazon warehouse. Your inventory can be tracked and monitored using the web hub.

Whenever an order is placed for a product you have listed, Amazon itself fulfills that order by taking the items from your warehouse inventory and having it shipped directly to your buyer. Simple as that.

What is good about this business model is that you need not find and rent out a warehouse yourself. You also save on logistics costs since Amazon will take care of the shipping for you.

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Why I Don’t Recommend Amazon FBA

Fulfillment by Amazon

According to my study, the typical profit margin for Amazon merchants is only 10%. Keep in mind that these are experienced merchants, thus the figure for beginner sellers would be far smaller.

Prepare yourself since it appears you’ll be up against a lot of competitors. To set yourself apart from your rivals, you will need a lot of effort and perseverance.

You may find out why I don’t endorse the business concept in this portion of my Just One Dime review.

Better still, I recommend starting a side hustle that doesn’t take much effort on your part.

Little Quality Control

If you are planning to outsource your products, you won’t be able to inspect them to check whether they’re up to par in terms of quality. Is there any kind of damage? Are the goods long-lasting? Is the price you set for the products worth it in terms of their quality?

Mass-produced items, particularly those created in China, are notorious for their poor quality. Keep in mind that low-cost goods are sometimes created rapidly, making quality assurance hard.

Also, keep in mind that if your supplier sends you damaged or faulty products, they will almost certainly want a refund and post a negative review. That’s not good for your business’s image.

Very Low Profit Margin

There isn’t much money to be made in this business. You must work really hard if you want to make money, but success is not assured.

Furthermore, even if you are enticed by all the money you may save, dropshipping is not a profitable business strategy.

Saturated Market

In Amazon’s marketplace, there are already far too many sellers fighting for customers. The items you want to sell are almost certainly already on the market with other vendors.

Your shop will most likely go unnoticed as a result of this.

Before you even begin selling, the odds are stacked against you. Standing out on a platform with a lot of seasoned sellers is difficult, and tapping into a niche that isn’t well-known is nearly impossible, in my opinion.

High Financial Risk

Dropshipping may help you save a lot of money on things like manufacturing and storage. Even if you won’t be managing your store’s inventory yourself, there are a number of fees to consider.

Advertising, branding, shipping, and packaging are all examples of these services. Even if no one purchases from you, you must continue your ad campaigns, which is expensive.

Long Startup Time

You must first complete a number of steps before you can begin selling and earning money. You must devote attention to establishing your store, locating suppliers, and running advertisements. It might take months, if not a year, before you even start making a profit.

Feel free to check out my other review:

Things I Like in Just One Dime

I am pretty sure that you will be learning a lot from this course, as 200+ videos are equivalent to weeks of content. Since you get lifetime access, you can always come back to the course materials and review them.

Remember that if you taking a course like this one, you need to master the modules before moving on to the next one. If you are serious with your business, then you should focus on learning.

The course is pretty comprehensive, meaning that it can definitely teach you what you need to know about the business model, and how you can become a successful business owner. The latter part is wholly dependent on you.

Utilize the support being offered to you, as I am sure that trying to learn a massive amount of topics alone can be overwhelming sometimes. Attend the weekly coaching sessions, ask your questions, and do additional research.

Sometimes, the success comes from the support you get, and not really from the course content. After all, these FBA courses contain the same topics anyway, so it’s the support that is unique for each one.

Take advantage of them and grow your own brand. Success is waiting for you.

Things I Dislike in Just One Dime

The major drawback of this course is that it does not really offer anything new or unique. What is included here are topics that are also included in other FBA courses.

To be fair, you can actually learn about this business model without spending a dime. A few minutes of research can bring you some free sources that are also in-depth and comprehensive.

You will not be getting the support included here if you choose that route though, but honestly, if you are still on the fence regarding starting an Amazon store, you are better off learning from free sources for now.

To be fair, there are a lot of other online communities open to anyone who is willing to learn. You can look for those instead.

The cost of this course is no laughing matter, too. I mean, I get it, the creator wants to make money. I just don’t think the average Joe is willing to spend almost a thousand dollars to a course if he is still undecided.

For that price I am expecting for some secret techniques, but looks like you would not get anything like that here.

Final Verdict – Just One Dime

Before I end this Just One Dime review, I would like to share a few more insights that could help you.

I can’t recommend Amazon FBA as a business strategy, and I’m sure I’ve stated my reasons. This business is just not as straightforward as you may believe, and you must be willing to learn a great deal before proceeding.

It takes a long time before you can start selling on Amazon. It’s not only about putting your items on your Amazon store and finding a distributor. Because there are so many daily tasks to attend to, a one-man team isn’t really recommended.

Even if you do not manage your goods directly, you still want funds because you will be running several advertisements. And advertisements aren’t cheap, especially on social media.

The return on investment is so minimal, and it is just not worth the time and effort. As a side hustle, it’s simply not worth it. It is more of a full-time job.

A decent side business, in my opinion, is something you can perform in your spare time. This isn’t the really the best one.

However, I know of a great side hustle you can do without needing much time and money. It also does not need the mastery of several sophisticated procedures. The next section has further information about this.

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