“Stop! Do you realize that every time you shop on Amazon, you’re assisting someone in earning passive income?” Tom Wang asks in a new YouTube ad.
“Yes! You may be assisting someone like me—a young man in his twenties—in making money while sleeping.” “It’s true,” he adds.
“The question is, why assist others in earning passive money when you may be earning your own?” According to Tom.
So before I get too deep…
Tom Wang FBA Masterclass is pretty similar to most other FBA programs. They pitch you on the “dream” of running a profitable e-commerce business that can generate cash while you sleep.
All without investing much money upfront into things like inventory & advertising…
Too good to be true?
Not necessarily – Amazon FBA programs have certainly groomed a few online millionaires.
It was actually one of the first online business models I made money with.
So as far as making money online goes, there are A LOT worse things you could be doing than Amazon FBA.
That being said, you shouldn’t start a business because “it’s not as bad” as some other type of business – it needs to stand on its own merits.
Choosing between the lesser of two evils always results in, you know – evil.
So in this Tom Wang FBA Masterclass review, I’m going to break down exactly who FBA is good for and who should avoid it.
There are a few important things you need to keep in mind when considering FBA as a business:
- Operations
- Finding winning products
- Time (the most valuable thing of all)
Again, it’s 100% possible to make legitimate money with FBA, but it is NOT a simple business.
Let’s talk about why:
Operations: The big pitch with FBA is that you don’t really need to do much because Amazon handles all the heavy lifting (shipping, packing, returns, etc.).
That’s cool and all, except for the fact that Amazon actually has incredibly strict guidelines that you need to follow to even be able to ship out of their warehouses – something most programs don’t tell you about in their great marketing materials.
This process typically takes a solid 4-5 hours alone. So unless you have a very large team, this step will take up a lot of your time.
That doesn’t mean FBA is bad – it just means you need to know what you’re getting into. A “passive income business” is not what you will get with Tom Wang FBA Masterclass.
Some courses will teach you how to outsource all of this prep to another company, but that significantly eats your margins. Amazon is already taking 30-40% just for being part of the FBA program, so you don’t exactly have a lot of wiggle room.
Finding winning products: “Hot” products are typically only popular for a few glorious months, then they fall off. Again, that doesn’t make FBA a bad business – it just means you need to be constantly on the lookout for the next hot thing.
If you have a supplier that you’re on really good terms with, sometimes they’ll drop you hints and tell you what’s about to trend. But this won’t happen until you have a history of making 6-figures with one another.
What this really means is that you need to be innovative and detail-oriented when it comes to staying on top of trends. You want to be the first one to the product, not the last one struggling to turn a profit off of the big dog’s leftovers.
There’s always the option of serving the “evergreen” markets that have always been around, but to that, I say good luck selling meal prep containers against the Tupperwares of the world.
So – we can safely add on another 3-4 hours worth of time each day trying to hunt for hot products.
Time: Despite what any Amazon FBA course seller tries to tell you when it comes to FBA (or any e-commerce business model), you’re looking at about three months of serious trial, error, & testing before even making $1 back.
It could easily take six months or more before you’re even at break even.
And this all assumes you’re actually getting it right out of the gate, which isn’t impossible with a good program – but it’s not necessarily the norm.
To be honest, it’s not uncommon to operate at a LOSS for the first year of any new business, so I’m not bashing FBA here – I’m just talking facts based on my own personal experience selling on Amazon.
But what if you could build a different (non-FBA) income stream and start seeing profits within your first few days?
I’m talking about a system that doesn’t have:
- Inventory
- Crappy margins
- A 12-month wait time before you turn a profit
- A continuous guessing wheel of trying to find “hot products.”
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what Tom Wang FBA Masterclass looks like on the inside, keep reading.
Who Is Tom Wang?
Tom Wang is an entrepreneur, coach, YouTuber, and podcaster. So far, he has done everything from selling hoverboards on Craigslist to flipping watches at a night market.
Amazon FBA business model was the only venture successful after starting and failing in seven other businesses. Tom has made almost $5 million selling physical products on Amazon. since January 1st, 2017. He’s been on top Amazon podcasts like Viral Launch and Helium10.
He currently coaches others to build and run their own Amazon businesses through his YouTube channel, digital programs, and monthly private seminars in Vancouver, Canada.
In The Beginning
As a kid, Tom tried his hand at a slew of different businesses, none of which were successful. At the local night market, Tom Wang sold watches and then moved on to selling hoverboards.
None of his business initiatives were ever a success.
When Tom first noticed hoverboards spreading on social media in 2015, he reasoned that he could acquire them from China for $300 apiece and sell them for $500 each. He impulse bought the products with his last $5000 and bought 15 hoverboards. Ten of them were found to be faulty.
However, Tom met a man who sold things on Amazon due to his hoverboard encounter. They collaborated, and he ended up selling some units on Amazon. That’s when Tom found out how to sell stuff on Amazon Sales and run a real business.
Start Of Amazon FBA
Tom Wang expected Amazon to be just another enterprise in which he would try and fail. He was, nevertheless, open-minded enough to give it a chance.
It wasn’t easy at first. But everything made sense. Amazon has provided you with all customers; now, you have to locate a product and rank it on page one. But the difficulty was that he had no idea how to find things or rank them.
Tom was ready to give up after two disastrous product launches. “Ah, Amazon isn’t for me,” he said. His girlfriend/business partner, on the other hand, was adamant and said, “No, let’s give this one another chance.”
Tom approached a few thought leaders in the area and asked for their assistance. They were willing to give me some pointers, tricks, and free training that completely changed my perspective on the game.
FBA Masterclass
In 2019, Tom Wang got the opportunity to perform in front of tens of thousands of people in Vancouver.
He thinks that by doing these live events, he might inspire others to take action and build their own lucrativeAmazon FBA businesses!
FBA Masterclass Review
FBA Masterclass will help you get to the point where you can leave your day job and devote all of your time to your Amazon company.
The course is taught by Tom Wang, a serial entrepreneur who left his day job after launching his first Amazon product in less than a year.
Even yet, it wasn’t a cakewalk. Wang had seven unsuccessful businesses before Amazon. Nevertheless, he ran across several bumps in the road.
Wang writes:
“I’ve been in your shoes. I completely get how you feel. I had both highs and lows. I have the skills and expertise to guide you through entrepreneurship’s treacherous terrains and raging currents. Don’t misunderstand me. I am not an expert in everything. I’ll never do it. But, to succeed, I am willing to fail. I am willing to give back to move forward.”
Wang FBA Masterclass is one of the most expensive courses available, but that isn’t always bad.
What you pay for is what you receive, and in this case, you’re paying for 320 modules that go way beyond the essentials. You’ll also be getting assistance from a seven-figure seller.
Tom Wang talks about how to make money on Amazon Business. Here’s what you should know. Tom teaches what he calls a “single product profit system.” Essentially, you begin with a single product. Something dull. Less than $50. Simple, tiny, and light. Year-round availability.
I stumbled across his YouTube ad, which had over 10 million views. Tom Wang is investing heavily to bring his single product profit strategy to as many people as possible.
FBA Masterclass offers a variety of programs for a variety of goals and price arrangements. Applying is the best way to find out if you’re a good fit for the program, and their team will review options with you individually.
What’s Inside FBA Masterclass?
Join the FBA Masterclass to Boost Your Entrepreneurial Dreams.
Your first successful product will be sold step-by-step in this comprehensive instruction. With self-paced training courses, the industry’s most active Facebook community, and live coaching sessions, you can accelerate your journey to freedom.
Approved members will receive the following:
- 200+ courses of easy-to-follow Amazon training
- Monday-Wednesday LIVE expert coaching and mentoring conversations with Tom and the team
- New modules with updated strategies and advanced tactics are introduced regularly.
- Tom is available for direct contact in the FBA Masterclass Private Facebook Community.
- Exclusive invitation to Level 2: a secret super-seller group
- Other 7-8-figure Amazon Sellers Provide Private Coaching
- Direct access to VIP guests such as multi-million dollar sellers and private equity investors
- Priority in the queue for partnership invitations and grant funds.
- Thousands of dollars worth of done-for-you templates and systems are included.
YouTube Videos might provide you a broad overview of how to sell on Amazon, but they don’t get into specifics. Some are even out-of-date, making them even less helpful. After taking this course, you won’t be left wondering what to do with all of your stuff.
New e-book format How To Become Rich Quickly On Amazon Download the “Simple Path To Amazon Wealth” e-book and learn how to build up additional Amazon revenue sources.
Is Tom Wang A Scam?
Time for the million-dollar question: is Tom Wang FBA Masterclass a scam?
No, it’s not a “scam,” technically speaking. They aren’t going to take your money and run away, leaving you empty-handed.
You can make money with the program, but not nearly as easily as Tom Wang wants you to think it is.
As with most FBA businesses, there is A LOT of work that needs to be done up-front, and there is really no guarantee of you being successful.
You’ll need to get very lucky and find an awesome product no one’s heard of, and then pump a ton of volume into it while it lasts.
Don’t get me wrong, I’m a big proponent of front-loading work now, so that you can make money later and sip out of coconuts on the beach.
But if I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same three months of work (in my spare time) & build a handful of Digital Rental Properties that each produces $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
Unlike Amazon FBA, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper-van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
Are There Alternatives To Amazon FBA Business
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation For Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
Here’s Why:
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) Ownership & Control: With Amazon FBA, you don’t technically own the customer base.
Amazon could literally shut you down overnight. They have a history of kicking suppliers off their platform or stopping payouts to affiliates for certain products once they’ve built their own.
Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
3) Big Margins: With FBA, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money. This usually entails spending A LOT of money on ads and other methods for growing traffic to your product.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
These Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
4) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with Amazon FBA, you would need to sell twice as much inventory or double your profit margins. And I can guarantee you (from my fidget-spinner FBA days) that’s a lot harder than a few clicks & a phone call.
5) You’re Helping REAL People: My biggest gripe with FBA is that you’re basically only helping yourself. The world doesn’t need another B.S. gadget to consume.
It’s cool to make a quick buck in the short term, but it gets really old, really fast in the long term.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
We’re not helping Jeff Bezos shoot another rocket into space – you’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other FBA programs like Tom Wang FBA Masterclass, which might make you money 12 months from now.
You could keep researching and researching for the next few months (or a few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.
