Today we will be reviewing a company known as The Wealth Network. Is this company legit? Find out in this The Wealth Network review.
The Wealth Network is a relatively new online money-making scheme that promises to be able to teach you how to earn more money in a single day than the majority of individuals earn in a month merely by selling merchandise on Amazon’s marketplace.
The company’s website leads you to believe that you may begin earning money within 48 hours of signing up, and that they would stand behind your efforts with a 100% guarantee.
As a result of the large number of individuals who follow influencers and internet gurus on social media, the “be your own boss” movement has acquired significant momentum.
Is The Wealth Network a legitimate business opportunity, or is it all just one big scam that will run away your hard-earned money?
Because I’ve done the research, I’m going to be able to tell you all you need to know about this program, including what it’s all about, how it works, and whether or not you can actually earn money with it.
Consequently, if you’ve been debating whether or not to join, I suggest that you keep reading.
Before you decide to look into joining this company, you should read this The Wealth Network review first. You should check if it is worth your time before you make such a huge decision.
DISCLAIMER: This is a fully independent review. I’m not affiliated with The Wealth Network in any shape or form whatsoever.
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The Wealth Network Review: Quick Details
- Name: The Wealth Network
- Website: N/A
- Socials: N/A
- Type: Training program
- Niche: Amazon FBA
- Owner: Aaron Andrews, Josh Jacobs, and Jesse Singh.
- Recommended?: Amazon FBA is not a profitable business model. It requires a lot of time and effort to master. I have a better opportunity than that which can make you some decent passive income.
What is The Wealth Network?
The Wealth Network is a “training” program that was founded with the purpose of teaching about dropshipping through Amazon.
After I explain what this is in greater detail, in case you’re unfamiliar with it, in short it’s a method of obtaining low-cost products from suppliers. Then, you would be listing them for sale on Amazon at a higher price.
When someone purchases the item, you order the low-cost product and have it shipped directly to the customer. This method eliminates the need for inventory and provides a “guaranteed” profit because the items are not ordered until they are purchased by a customer.
At the very least, this is the how I understand the process.
The Wealth Network’s developers have recently redesigned their whole curriculum and are now offering instruction in basic internet marketing as well — for example, rather than selling real things on Amazon, you may learn how to do affiliate marketing instead.
In order to begin, you must first create an account on the company’s official website.
While you can register for free, you will be required to pay a membership fee if you wish to upgrade your account and gain access to more training videos and learning materials.
Members are urged to recommend their friends to the site in order to earn a 40 percent commission as a means of promoting the platform to others. This gives the impression that it is a multi-level marketing platform.
Who Runs The Wealth Network?
It looks like there are three people running the company: Aaron Andrews, Josh Jacobs, and Jesse Singh.
It was back in 2017 that they introduced The Wealth Network to the world. At first, it only provided Amazon FBA instruction and was being sold for $49.95 per month, with an additional $150 per month for the next level of training.
This was evidently not selling or performing well, so they decided to make a rapid modification to the product line up.
They are now offering the program for only $3 to get you started. I’ve noticed some advertisements for it for $1, so there may be a trial deal available as well.
A three-dollar donation will get you limited access to the program, which will provide you with limited training on how to sell on the Amazon FBA platform; you will need to upgrade in order to receive more “in-depth” training.
Some stuff I noticed…
It appears like everything is in order on their main website; the site appears to be professional. If you’re interested in learning more about dropshipping or internet marketing, you could be tempted to sign up.
However, it was only by coincidence that I discovered there are many “funnels” that also bring you into The Wealth Network program — these, however, are a whole different tale.
If you enter through one of these funnels, you will be given a lot of incredibly big claims and sold on a lot of hype. It seemed weird that they would do this because, in my perspective, these specific sales pages are eerily similar to those of a conventional get-rich-quick scheme.
And on top of that, you’re also provided with a sales video that begins with a slew of people hurling ridiculous income claims at you and expressing their gratitude for this “technique” for assisting them in earning so much money.
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How Does The Wealth Network Work?
After further investigation, it has been discovered that even if you arrive at the main website and attempt to purchase the items without going through the overly-hyped sales funnel, you will be unable to do so — rather, you will be pushed via the sales funnel.
You’ll also be required to watch a 5-minute sales video before you can use the checkout button, but once you do, you’ll be informed that the system has just been discounted from $497 to $3.
Obviously, that’s simply a marketing ploy, but chances are, at $3, you’ll just go ahead and give it a shot anyway. For that cheap though, who wouldn’t be tempted?
Things then become a little more complicated on the checkout page. You’re made to feel a bit nervous yet again. This is due to the fact that there is no indication as to whether the $3 charge is a one-time payment or a recurring page.
Instead, you’re simply informed that, in exchange for your $3, you’ll get access to what they refer to as their 3-Day Pay System.
This is a bit curious because the so-called 3-Day Pay System was not mentioned anywhere on their website, which I find a little odd.
When you go to their website and click on the “products” link, the only two goods that are advertised are the eCommerce Wealth Center and the Marketing Wealth Center.
The 3-Day Pay System appears to be completely arbitrary. Is it true that we will be charged an additional fee once these three days are up?
The Wealth Network Products
The $3 cost you’re paid actually just entitles you to the “Starter” package, not the full version of the software. Basic instruction on the dropshipping, and an introduction to The Wealth Network are all that is covered in this session.
Nothing in this bundle is truly instructional. Rather, it’s merely meant to pique your interest and prompt you to provide your credit card information so that they can keep track of your purchases.
In any case, after completing the initial training supplied as part of the “3 Day Pay System,” you will be presented with their “genuine” offering. You can see how much more costly goods get at this point from this price list:
- TWN Gold Membership – $49.99/month
- TWN Platinum Membership – $149.99/month
- Smart Commerce – $997 (one-off)
Note that the pay for the Smart Commerce package is in addition to the other fees, so if you purchased this, you would still be required to maintain your subscription to one of the other packages in order to continue using the software.
If you truly want to get the most out of this software, you should realistically consider the $149.99/mo plan, which is a more affordable deal. With this purchase, you will have access to all of the training materials available inside The Wealth Network.
In addition to being fully optional, you may purchase the Smart Commerce package, which will educate you how to generate money using Shopify. How to actually build up a Shopify store, where to get items and how to advertise it will all be covered.
The Wealth Network Compensation Plan
Yes, as previously stated, you can earn money by referring others to The Wealth Network. In fact, this is one of the primary reasons why it is currently being promoted so heavily, as the vast majority of those who have joined are doing so solely for the purpose of referring others to the program themselves.
Rather than starting up a dropshipping or eCommerce firm, you’re encouraged to feel that it’s the more straightforward route to financial success.
The fact that The Wealth Network is not an MLM or network marketing organization, despite the fact that it is highly touted, may come as a surprise to some.
The compensation is limited to a single level, but it is a 40% commission on any sales made. This is likely why so many people are promoting it because it is a reasonable commission rate when compared to the competition’s pricing.
It is also completely free to advertise The Wealth Network as an affiliate; you are not required to become a paying member or purchase any items.
One last issue I need to emphasize is the need of a minimum balance of $20 in order to be eligible to withdraw your profits.
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Alternatives to The Wealth Network
The alternatives to dropshipping will be discussed in greater detail in this portion of The Wealth Network review.
It is possible that dropshipping will make you successful, but this does not imply that it will be successful for everyone. Because the market is already saturated, a large number of people have stated that this is not particularly profitable. Furthermore, identifying a niche in which this would work is difficult, especially considering how many dropshippers have already identified them and are profiting from them.
A lot of time and effort would be required to get started with this business plan because it is rather laborious. Even if you don’t have any merchandise on hand, you’ll still need financing.
I would suggest a more straightforward side hustle. Something that does not need a significant investment of money or effort on your part at the outset would be ideal. Something that would almost certainly net you a substantial sum of money would be better.
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Is The Wealth Network a Scam?
It looks like that the company is not a scam.
But I don’t like their sales methods, which makes false claims about how successful you will become if you join The Wealth Network. They encourage that you follow every bit of advise they provide you while also using their products.
It’s unlikely that you’ll get wealthy overnight with this approach because it takes a significant amount of effort to establish a dropshipping store.
Right now, it is also close to impossible that selling on Amazon generates a consistent stream of income.
If you want to make money on Amazon, it will not be easy. It will take persistence and a significant initial investment.
However, to my dismay, The Wealth Network makes it appear like it is far too easy to amass an enormous fortune just from doing so.
Final Verdict – The Wealth Network
Before I end this The Wealth Network review, I would like to share a few more insights that could help you.
Understand that dropshipping may be a successful business option, but you should also be aware of the risks associated with it. For starters, there are a large number of people that are currently utilizing this type of business approach.
Because of the saturation, I don’t feel that starting this business is a good option at this time. Dropshipping isn’t a sustainable business strategy in and of itself.
Profit margins are often very low, ranging from barely 5-10 percent in most cases. In reality, that is exactly what the majority of dropshippers can make. Newcomers make far less than experienced players.
This may work if you play your cards well, but don’t put all your eggs in one basket on this one. With so much competition, it’s conceivable that you won’t even be able to differentiate yourself from the rest of them.
As a result, I urge that you choose an alternative solution. You should choose something that will not need a significant amount of your time but will nonetheless provide a profit for you.
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