Today, we are going to talk about Wealth Assistants. Is it legit? Find out more in this review.
E-commerce is still fairly successful. What can I say? People often buy stuff on the internet. It doesn’t matter what kind of item it is. They will buy it. Most of us don’t really want to go through the hassle of commuting or driving to a store to buy stuff. That’s why a lot choose to buy what they need online.
And one of the biggest e-commerce platforms out there is Amazon. If you’re living in the United States, Amazon is a lot more predominant. Of course, its corporate headquarters is located there. But they take up a huge chunk of the market share because most people know how to use the platform.
Because there are a lot of people buying stuff from Amazon, a lot of businesses want to sell their products there. Sometimes you just have to go the place that gets a lot of foot traffic. (Or web traffic if you want to be pedantic about it.) Even though you do manage to build a seller profile on the platform, success isn’t automatic, immediate or guaranteed. You’re going to spend a lot of money to advertise your product on the platform. Bear in mind, there will be other people—sometimes, even Amazon—who are going sell a copy of that product.
Still, there’s a struggle in maintaining your spot on the platform. That’s why a lot of different third-party companies like Wealth Assistants offer services that could you manage your store better. But is it actually any good?
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Wealth Assistants Review: Quick Details
- Name: Wealth Assistants
- Founder: Ryan Carroll
- Website: https://wealthassistants.com/
- Socials: Facebook, Instagram
- Type: Management service
- Niche: E-commerce
- Recommendation: The services provided by Ryan Carroll and the Wealth Assistants seem okay. But I do not particularly recommend it for anyone who wants to actually start their own e-commerce shop within Amazon. Even though you’re not doing as much work, you’re still going to need to shell out a ton of money for it. There is no guarantee that you will be earning the money you spend on your investments quickly.
Who Is Ryan Carroll?
Often when I write these types of reviews, I would try best to look for as much information as I can about the people who founded the company. Sometimes, I get lucky and find a very detailed interview with them. But most of the time, I kind of have to piece together all of the information that I found.
During the research process, I would sometimes get results for other people who share the name first and last name. It’s happened enough times for me to make a note of it. But, surprisingly, the one that I was searching is the one on the top spot of the search results. At least that saves a bit of time.
It really depends though on the kind of results. Unfortunately, there isn’t really a lot of interviews with Ryan Carroll that’s available online. He has a YouTube channel where most of the videos are vlogs. There’s also a few videos that relate to his work. But none of the give some insight on who he is.
Some added keywords showed a bunch of press releases about him and his company. And there wasn’t a lot of information about his life. Surprisingly, his LinkedIn page at least mentions that he has some experience in real estate investing. I guess he had earned a decent amount of money to shift to a different niche.
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What Is Wealth Assistants?
Ryan Carroll spent about two years in the world of real estate investing. But in 2016, he decided to get into the world of e-commerce. For the most part, the thing he was focused on was building a bunch of different e-commerce stores. And it worked out pretty well for him. Similar to how other companies started, regardless of the niche, people started asking him how he was able to do that. It was mostly his friends who asked him.
He was able to answer their queries about it. And it seems that his friends had a genuine interest in, sort of. They wanted to earn money. But they didn’t really want to go through all of the trouble of actually running a business. Basically, they just wanted to earn passive income. That pretty much lead to Ryan starting Wealth Assistants.
There have already been a handful of different third-party services that focus primarily on Amazon. You can find a bunch of different companies that focus on Amazon’s Fulfilled By Amazon service. There’s also ones that focus on the Kindle platform. Basically, there’s a good likelihood that there’s a service for any part of Amazon that you can earn money from.
So What Exactly Does Wealth Assistants Provide?
Wealth Assistants offers a Amazon marketplace management service. As they state on their website, you own the business while Wealth Assistants operates the business for you. While it is relatively easy to set up a seller account on the Amazon website, it’s pretty difficult to actually run an e-commerce business. Especially if you’re just somebody who is starting out in the industry.
There is a lot of planning involved when it comes to running a shop that sells goods. Most of them have to do with the goods that you are going to sell. There are a handful of methods that you could use when it comes to sourcing products. But it takes a lot of your time and money to do so.
With Wealth Assistants, you don’t really have to worry about most of the operation. Similar to other management companies, you will need to schedule a call with their team. There’s a form that you can fill out on the Wealth Assistants website. They mention the range of what the investments could cost. It starts from a few thousands up to $250,000. The actual cost will obviously be hammered out during the call.
Once you guys get into an agreement, you will need to setup your company. For the most part, services like Wealth Assistants will do that for you. There’s a lot of work to be done such as inventory, packaging, fulfillment and customer services. The team at Wealth Assistants seemingly does all of that.
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Final Verdict – Wealth Assistants Review
I do not recommend Wealth Assistants to everybody. Seeing as there aren’t really any testimonials from people who have use their services, it’s hard to trust your money with them. You’re going to spend thousands of your own money to make this particular venture work. And I don’t think that everybody is willing to part with that kind of money.
In theory, their services sound great. They handle most of the operations that are required with running an e-commerce business. It’s hard to find products that people are interested in. Especially in a place like Amazon. Most people probably choose whatever’s suggested first in the search results.
I feel like they’re mostly going to sell products that have those kinds of demand. That means that they’re competing with other shops within the platform for the buyer’s interest. And seeing as they have, supposedly, a ton of clients, there’s a chance that some of those shops are also being handled by them.
Even if you manage to get a decent amount of income from it, you can’t guarantee that it will always be the case. There’s going to be a lot more competition as the time goes on. People will choose the most convenient choice. And sometimes it might not be you. I feel like it’s bad to just rely on the team at Wealth Assistants. You do have to put in a bit of work. There’s nothing wrong with bringing in suggestions.
Still, I don’t really recommend their services to anyone despite how enticing it may seem. Sometimes things may not be what you’d expect it to be. There are other ways to earn through e-commerce.
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