Today we are going to talk about the Wealth Assistants Amazon management service. Is it legit? Find out more in this review.
Considering how many people buy from Amazon, it makes senses that a lot of entrepreneurs want to start selling products on the e-commerce platform. But having to set up your own seller profile on Amazon has its challenges. I guess that’s why there are tons of companies who provide services to help entrepreneurs manage their storefronts.
With a platform as big as Amazon’s, it makes a lot of sense that there are third-party companies that focus on a specific part of the e-commerce behemoth. Not a lot of people have the time to set up their own seller profile on the platform. So there’s a handful of companies that focus on that. Apparently, you can also publish your own Kindle e-books? Somehow, there’s a training program that will help you do just that. I feel like most aspects where third-party sellers can earn money on the platform have been covered.
So it isn’t surprising that something like the Wealth Assistants Amazon management service exists. There are tons of people who don’t have the time or energy to manage an e-commerce business on their own. That’s why they hire people to handle packaging and inventory.
But there’s something about this particular service intrigues. I’m not really sure what it is yet. Though, by the end of this review, I probably already know what it is. Why not join me on this journey?
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Wealth Assistants Amazon Management Review: Quick Details
- Name: Wealth Assistants Amazon Management
- Founder: Ryan Carroll
- Website: https://wealthassistants.com/
- Socials: Facebook, Instagram
- Type: Management service
- Niche: E-commerce
- Recommendation: While it is good that they help you manage the business—that is tied to your name—I don’t really recommend this particular service for people who want to start their own e-commerce business. Though you don’t have to exert much effort into this venture, you’re still going to spend a lot of money in it. It’s not guaranteed that you will be able to recoup your costs immediately.
Who Is Ryan Carroll?
Whenever I review a service like Wealth Assistants Amazon management, I try to find as much information as I can about the people behind it. Usually, there’s that one person to start a service like this. And that person is named Ryan Carroll.
If you search for his name on Google, one of the results you’ll find on the first page will be his LinkedIn profile. At least he has some kind of online presence. You shouldn’t be surprised if the top part of the results is dedicated to images of other people named Ryan Carroll. It’s a fairly common name.
The succeeding results are going to be about the other Ryan Carrolls. (Ryans Carroll?) But if you add the words “wealth assistants” after that, you’re obviously going to get more results about this specific Ryan Carroll. What’s interesting about some of the search results is that there are apparently a handful of write-ups about him.
It’s mostly fluff, honestly. I’ve written enough reviews to know that. One of the write-ups about him mentions that he didn’t graduate from college or worked a normal 9-to-5 job. Based on his LinkedIn profile, Ryan had some experience in real estate before he focused on e-commerce. It was about two years. Then by 2016, he was kind of all in on e-commerce. But it was only recently when he founded Wealth Assistants.
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What Is Wealth Assistants?
Ryan was earning a decent money from his e-commerce company. At that point he was building Amazon stores mostly for himself. But it seems that it garnered the attention of his friends. So they were kind of curious to how exactly Ryan was able to do it. Basically, they want in. But the weird thing is that they didn’t really want to start their own business on Amazon, they just wanted to earn money.
That basically formed the idea for the Wealth Assistants Amazon management service. It’s relatively easy to start a seller profile on Amazon. There are multiple business models that you could use for your business. All of them involve selling some sort of product. The means of how they procured those products differ. It should be obvious that you need products to sell on an e-commerce platform.
Any kind of business involves a ton of planning. Even if you have an idea on what kind of business model you want, there’s still a lot of questions that need to be answered. Who’s going to fulfill these orders? What kind of products are you going to sell? How much of it are you going to sell? What is the name of your store? It’s a lot.
Getting Down to Business
Based on the pitch that they have when you go one of their funnel pages, you’re basically partnering up with Wealth Assistants for your business when it comes to operating it. What that means is that they are the ones who are going to run most your business’s operation. That involves advertising, inventory, packaging and fulfillment. So what exactly are you giving into this venture? Basically, your name and a ton of capital. When you partner up with Wealth Assistants, the business is going to be tied to your name. You own the business. But you’re paying people to run it for you.
You’re still going to get money out of this whole venture. Obviously, there might be a cut for the Wealth Assistants Amazon management service. But that’s what you’re going to get into when you sign up with them. That’s just how it goes.
When you’re on the sales funnel page for the service, you will need to fill up a form just to schedule a call with them. This is pretty standard with similar services. They have to filter out people who are actually serious about using their services. Once you do have the call, that is when you will go over how much capital you’re willing to spend with them. They do ask for a range that you’re willing to spend for this. From what I remember, it’s a few thousand dollars at the base and could go up to $250,000. Yep. It’s not exactly cheap. But when you’re getting other people to source products for you and do all of the marketing, you’re bound to spend a ton of money for it.
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Final Verdict – Wealth Assistants Amazon Management Review
I have to say that I don’t particularly recommend the services that Wealth Assistants is providing. It’s just that the services that they provide isn’t really for everyone. Sure, if you have tens of thousands of dollars to spend, why not put it into a business? But not everybody has the kind of money for that.
Sure, having somebody else do the work for you sounds kind of nice. If you’re going to benefit from somebody else’s work, why not it be this? A lot of people are seemingly earning a decent out of money from it. So why not you, right?
The cost of it all is really what’s mostly preventing you from actually using their services. Like, you’re going to spend a ton of money that will obviously go towards sourcing inventory for the products that they’re going to sell on the store. I don’t think that you have much of a say when it comes to what kind of products get sold. I’m sure that the Wealth Assistants are going to sell products that people are actually looking for.
Though there aren’t a lot of competition for other products on Amazon, it’s not guaranteed that you’ll actually get a sale if you intend to sell those products. You just wasted thousands of dollars stocking up on a product that doesn’t get bought that often. Sure, somebody’s bound to buy a big ticket item off Amazon. But are you willing to wait for that to happen?
There are probably better ways of earning money through e-commerce sites. But seeing how Wealth Assistants actually started, it’s not surprising that there are people who want somebody else to do the work for them.
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That’s it for my review of the Wealth Assistants Amazon Management service. I hope you enjoyed reading it.
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