What’s The Verdict On Ascend eCommerce? (TLDR)
For those of you who are the type to go straight for dessert when family gets together for Thanksgiving dinner, let me just say that I wouldn’t be reaching for my wallet just yet.
If you check out my site, you’ll find many reviews on the topic of eCommerce (here’s my eCom Degree University reviews for you to check out), but with all that I’ve written, I can’t say eCom would be my top pick.
Now, I’m not saying that to cast doubt on Jeremy Leung and his program, it’s just that with such an influx of people jumping in the eCom bandwagon, it’s a little difficult for the beginner to get any traction.
| Area | Score | Description |
|---|---|---|
| Time Investment | 4/5 | There is little time investment needed on the part of Ascend eCommerce partner/investor, but the goal of Jeremy’s team is to get the ball rolling on sales in less than 120 days and have a full eCom store running in 24-36 months. |
| Level of Control | 2.5/5 | Ascend eCom clients have very little if any control over the day-to-day operations of their stores, because Jeremy’s team handles product selection, marketing and inventory management for them. |
| Ease of Implementation | 4.1/5 | With the streamlined process that Ascend eCommerce offers, it’s very easy on the part of the investor. |
| Profit Potential | 4.2/5 | Jeremy Leung claims to make over $100,000 per month for their biggest clients, but those results are not across the board and depend on market trends, products sold, and the amount of money invested. |
In fact, in 2020 a survey was conducted and found that over 40% of eCommerce companies in Europe and North America considered that their competition in the industry was very high.
Also, that same survey found that only 1% of these companies weren’t concerned about their competition at all. These were probably companies like Amazon or Walmart (I’ll touch on that later).
Now, if you’re looking into eCommerce in 2024, I can’t imagine that the competition has lightened up any, which would make it an uphill battle for people just getting in.
According to Forbes, because of COVID, there was a huge spike in online purchasing in 2020. Although many people have said that this was just a fluke, online purchases have only kept rising and are expected to hit nearly $7.5 Trillion by the year 2025.
So, with all this competition, many company owners and managers believe that the baseline growth rate is 12% per year, and if your business isn’t growing at that speed, then you’re likely to be left in the dust.
What if you could get into an industry that has the same growth potential, but allows you to find markets with little to no competition just begging for you to tap into?
That’s what I love about Digital Leasing.
In this industry you can virtually corner a market while creating the passive income that Jeremy talks about in his program, but we’ll cover those details in a little bit.
For now, let’s take a look at the type of person that would benefit the most from Ascend eCommerce.
Who Should Consider Ascend eCommerce And Who Should Look Somewhere Else?
As busy as I am, I hate having to pause my day to get out and do mundane activities like getting gas in my car or going to the grocery store.
By 2027, grocery ecommerce spending is expected to be at 13.6%.
So to help that along, I decided to take the plunge and have my groceries delivered. All I had to do was go to Walmart.com, pick out the items I wanted, set a schedule for delivery and I’m all set.
Now, as soon as gas stations start making house calls, you know I’ll be the first to sign up.
Of course you might be the type of person who loves walking up and down the aisle at your local CostCo or Sam’s Club, and that being the case, I’ve always felt that you know better than anyone else what’s best for you.
So, if you can relate to any of these situations, you might be a good fit for Ascend eCommerce:
- You’ve read that Global eCommerce is on the rise and expected to hit 25% by the year 2027 and you would love to get your piece of the action.
- You’ve been looking for a way to make passive income that doesn’t involve becoming a real estate investor.
- You’ve been sitting on the fence about building your own eCom store, but you don’t know where to begin.
You might want to pass on Ascend eCommerce if you can relate to the following:
- You like the idea of creating a passive income lifestyle, but leery of giving so much money to someone else to create for you. This Reddit user believes that companies like Ascend eCom are scams who take people’s money to invest elsewhere.
- This Trustpilot user said they invested $40,000 with Ascend and claims it was the worst financial decision of his life. He says that since his store opened in April of 2022, he’s only made $393.49. He also says that with all the team member turnovers, botched shipments, and lack of communication, he’s considering legal action.
Now, let’s take a good look at Ascend Capital Ventures…
Ascend Capital Ventures: A 1,000 Ft View
Congratulations for making it this far into my Ascend eCom review, I’m glad you stuck around…
Now, I’d like to take a few steps backs and give you broad overview of Jeremy’s business model and how you make money with the program.
The Ascend Capital Ventures Business Model
This business model is relatively simple, at least from the standpoint of the investor.
You give money to Ascend Capital Ventures and in turn they promise to build you a fully functional eCommerce store with and ROI in as little as 18 months.
This is basically how it works:
- You’ll set up a call with one of the consultants and once you submit your payment, they get to work.
- They use their hybrid framework, custom software and manufacturing networks to build and manage your first eCommerce store.
- They work on growing your store to as much as six figures per month or more using the same strategies they’ve used for their largest clients.
- You relax and collect passive income while they handle all the product sourcing, licensing and inventory management.
Although this sounds a little too good to be true, this Trustpilot user says that she’s been a client of Ascend for 18 months and encourages others to get involved. She says she likes that the company is committed to transparency and is looking forward to her first payment.
Now, let’s take a minute to get to know Jeremy Leung.
Who Is Jeremy Leung?
Jeremy Leung has over a decade of experience in the tech industry and along with his partner, Will Basta, has been a huge part in the growth of Ascend Capital Ventures.
| Source | Link | Quote |
|---|---|---|
 | “Entrepreneur & Investor Disrupting the E-Commerce Automation Space” |
After receiving his MBA from the University of Michigan, Jeremy decided to test his entrepreneurial wings by working for some of the largest international agencies in the world.
He joined a company called Cettire (a luxury clothes dropshipper) in 2019 and in 2020 helped it go public on the ASX (Australian Stock Exchange).
How Much Does It Cost To Join Ascend Capital Ventures?
To get started with Ascend Capital Ventures, you will need to have $35,000 in capital and payable to them within six months at the latest.
They also have programs that cost a little more, like Ascend 360, which requires up to $100,000.
Finally, there is Ascend Enterprise, which will require investments of $100,000 or more.
There are a few elements to these investment you should keep in mind:
- It can take four months to even see your first sale
- It can take up to 15 months to make back your initial investment
- The initial investment does not include further inventory purchases
At this point, you may be wondering if ACV is a legit company or not…
Is Ascend Capital Ventures Legit Or A Scam?
As I’m writing this review, I’m coming around to the idea that Ascend eCommerce (Ascend Capital Ventures) might be legit, but I’m still a little hesitant about the safeguards within the company.
For example, this BBB user signed up with Ascend CapVentures I’m assuming in January of 2023 (the year was redacted) and filed a complaint the following October upset that she had not received her promised profits.
She was also surprised to find other purchases on her credit card that she supplied the team. When the team responded a few days later, she rejected the response saying that there’s now fraud reported.
These safeguards are put in place by the company to put the clients at ease with their investments, but it’s hard to square any type of fraud that’s committed when ACV are the only ones, beside the cardholder, with access.
This is why I prefer being in total control of my business, which is why I’ve been doing Digital Leasing, which is nothing like eCommerce.
Imagine creating a small website that only takes you a few hours, then making money online to the tune of $500 -$2,000 per month from that website in as little as 30 days from now.
Now, what if you were to create 10, 20, or even 50 more websites just like this one?
How would that change your perspective on the future, not to mention your bank account?
The best part is that you’re seeing a quick return on your money, not months from now.
Learn how I make money with Digital Leasing!
How Is Ascend eCommerce Different From Other Similar Programs?
One of the main differences between Ascend Capital Ventures and other programs is that others come in the form of a tutorial course showing you how to put your business strategy in place, while ACV does everything for you.
Let’s look at a few:
Skup
Inside Skup, you’ll get a Do-It-Yourself dropshipping business in a box starting out at $9 to get you in the door, $297 to get your feet wet, $1,750 for the actual course, and more for extra training.
Low Hanging System
In my Low Hanging System reviews, I point out that this is primarily a Print-On-Demand course geared to helping you create your own brand. It starts out at $297, then eases you into their $1,997 program.
eCom Degree University
In my eCom Degree University reviews, I explain that it’s also a DIY course with an initial cost of $1,497 and could cost as much as $8,000 for additional training.
So, what are my personal thoughts on Ascend Capital Ventures?
My Personal Opinion About Ascend Capital Ventures
Clearly we need to address the Elephant in the room, so let’s get to that now.
There have been some positive statements made about ACV and some negative ones. Where that becomes difficult is when you need to decide who to believe.
In cases like this, I try to ignore what others are saying and focus on the issues that affect me the most, like:
- Experience: Does Jeremy have real-world experience to do what he’s promising?
- Accessibility: Are you able to get in touch with Jeremy if you need to?
- Value: This one is critical – is the program worth $35,000 to get started?
- Transparency: Does the company do what they say they’ll do, or are there shenanigans going on behind the scenes?
- Client Success: Are ACV clients actually making money, or are the testimonials from shills?
Would I Recommend Ascend eCommerce?
I’ll keep this short.
Based on the information I’ve given you, and the five-point checklist we just covered, I would not recommend doing DFY eCommerce stores.
Not necessarily because of the company itself, nor because I think Jeremy and Will are shady, because I don’t.
I think maybe their intentions are good, and they want to provide a genuine service to their clients, but I also think they need to clean house a little bit before I’d be willing to fork over $35,000.
Now, what do you get if you do decide to take the plunge?
What’s Inside Ascend Capital Ventures?
Jeremy and his team sources products for your store through their exclusive partners and manufacturers, buying in bulk at discounted prices.
This allows for high profit margins without high minimum purchases, and stored as “Amazon Prime” items in Amazon warehouses for fast shipping.
Next, ACV sets up an FBM (Fulfilled By Merchant) model which allows them to source products and ship them to sell and ship to people who aren’t Amazon Prime customers.
Using their international partnerships, Jeremy will build you a store under your own brand name with private label products. This will add authenticity to your product line and lead to higher profit margins.
My Conclusion: Should You Join Ascend Capital Ventures?
To wrap this up, I would say that there are better programs that you can join for a lot less money, with better oversight, and more passive income profit potential than Ascend eCommerce.
It’s just not on my top 10 list, and here’s why…
My #1 Pick For Making Money Online In 2024
Let me first say that I don’t disagree with the eCommerce business model or how Ascend eCom makes money.
In fact, I’ve made quite bit a money with eCom selling items like:
- Print-On-Demand cups and t-shirts
- Affiliate courses on Amazon FBA
- Baby toys through dropshipping suppliers
Up to this point, I’ve dropped a few hints about my favorite business model, so now I’d like to give you a few reasons why it is…
- Flexible Hours: You don’t have to spend hours in front of your computer, if you have just a couple of hours in your day, this is very doable.
- You Call The Shots: Although it sounds great that everything is taken care of for you with Ascend eCommerce, I still like the idea of being behind the wheel especially when something goes haywire.
- Low Overhead Costs: Getting a website up and running actually takes less time then you might think. In fact, you can do it for around $100 and be in the black with 95% margins in under 30 days.
- Easy To Duplicate: You can easily create as many similar websites as you like and it will only cost you some spare change and a couple mouse clicks. Ascend eCom claims you can request new stores which will certainly take time to create a profit from, but that’s only AFTER you’ve agreed to pay another $35,000.
- Community Involvement: For the most part, whenever you sell a product online, that money goes straight into your pocket and it’s usually a one-time deal. With Digital Leasing, you’re providing a service to a struggling local small business that might even be on the verge of shutting down and letting go of their employees.
Digital Leasing offers you the chance to make a positive impact not just for you personally, but also for your loved ones.
Imagine being able to provide for your grandkids college education in the future, or helping your kids pay cash for their dream home when they get married someday.
This is all very possible with Digital Leasing.
Now you can keep looking for other opportunities that could one day make you the kind of money that Ascend eCommerce promises after about 18 months… or you can take a look at Digital Leasing now.
