TLDR – Trove Managed Commerce: Verdict
Trove Managed Commerce isn’t your typical POD program. In fact, it’s not like many other dropshipping programs in the traditional sense in that they do all the heavy lifting.
But before we get into all that, you probably realize by now that dropshipping isn’t my favorite way to make money online.
It’s not because I don’t think it’s possible to make money, because I have made money with it – along with headaches and ulcers for proof.
You see, dropshipping takes a lot of work, and the money you make isn’t passive, which means you have to monitor your business on an hour-by-hour basis.
Now, Trove does put a spin on it for quite a high cost, and if you have the money to burn, this could be the answer.
If not, then dropshipping isn’t the way to go.
To see an long-lasting success with dropshipping, you’ll need to:
- Find the right niche
- Select killer products
- Work with on-the-ball suppliers
Which means running a business 24/7 with little to no time for yourself.
Why would you want that hassle?
| Area | Score | Description |
|---|---|---|
| Time Investment | 3.9/5 | There isn’t much time needed on your part as a Trove Managed Commerce partner. They take care of everything for you once you’ve paid them. |
| Level of Control | 3.5/5 | Once everything is set up, you are pretty much hands off. They pick the niche, the products, handle marketing and house the inventory. |
| Ease of Implementation | 4/5 | The process that Trove has created makes it easy for the Investor to get up and running. |
| Profit Potential | 4/5 | Trove claims to have taken clients from five-figures in sales to over seven-figures in 24 months. |
Let’s not forget the thousands you will certainly spend on testing ads and the time figuring out what works and what doesn’t.
Plus, Facebook considers dropshippers as sort of a thorn in their side with all the bad reviews.
No, I would rather look into something like Digital Leasing where all of those issues are rendered non-issues.
With Digital Leasing, you can make anywhere from $2,000 – $10,000 per month, and once it’s set up, you barely need to lift a finger.
Now, if you’re still on the fence with Trove, let’s see who would be a good fit for it.
Who Is Trove Managed Commerce For And Who It’s Not For
Every once in a while, I’ll get a message in my inbox or a DM with someone asking me if this or that program would be a good one to jump into.
However, I would rather they figure that out for themselves.
For example, Trove might work for you if:
- You can see the potential for eCommerce growth over the next several years and would like to grow with it.
- You would like to get involved with hands off investments where you don’t have to worry about becoming a real estate investor.
- You’ve had an eCom store in the past but just couldn’t make it work, and like the idea of experienced eCom’ers taking the helm.
However, you might want to pass on Trove if these make you uneasy:
- Profit margins for eCommerce and dropshipping are typically low at about 20%, and conversion rates are only about 2%.
- The competition in this industry is high due to the fact that it’s so easy to get started, add on the fact that Trove makes it even easier so long as you have the cash.
- You fear the idea of just being sold. This Reddit user came to the realization that his mentors just wanted him to buy their next course because that’s how they really made their money.
Trove Managed Commerce: 1000 Ft View
The idea behind Trove Manage Commerce is pretty simple in theory. You basically pay them to join the program and they create you an eCommerce store with all the bells and whistles.
The drawback is that you will need to wait about 18 months before you start seeing your first sales.
However, this doesn’t include the additional funds that they’ll request for extra product inventory.
If you would like to get started, you would need to:
- Call the company and set up an interview. Once you qualify and send payment, they take it from there.
- Trove starts working on creating your eCom store using their proprietary software.
- They then set up arrangements with their manufacturers and suppliers.
- Once everything is in place and sales finally start coming in, you can sit back and start collecting your dividend checks.
Sound a little too good to be true?
Maybe.
Let’s take a look at some similar programs.
Programs Similar To Trove Managed Commerce
I’ve written many reviews on similar programs in the eCommerce and dropshipping industry.
Here are a few that you can check out…
Trove Managed Commerce Scam Question
So, is Trove Managed Commerce a scam?
My gut reaction is to say that it’s not. In all honesty, it’s really no different than investing your money into a real estate group who pays you dividends.
The main drawback is that typically real estate is a lot more secure because the monthly rent checks come in like clockwork with any problems.
That’s not the case with eCommerce and dropshipping.
Now, you definitely can make money with this program, but I’m a little leery of paying such a huge amount of money to a company that are still going to run into your usual issues like:
- Unreliable suppliers
- Painfully slim profit margins
- Losing customer
So, if I’m going to spend the kind of money that’s expected with joining Trove, I would rather put it to better use, with better returns and know that my customers are happy.
This is exactly what my friends and I have been doing over the last several years with Digital Leasing.
We create digital assets that we each individually own with profit margins upwards of 95%, while earning a passive income of $2,000 – $10,000 per month.
The best part is that we barely have to lift a finger once everything is set up.
We’re living life on our own terms from places like:
- A beach house on the coast
- A cabin in the mountains
- An RV road trip on route 66
So, if this sounds like living, check out what Digital Leasing can do for you too.
How Much Does Trove Managed Commerce Cost?
The cost to join the program is $20,000 which includes building your store, but not including any extras that will come up with product inventory.
What’s Inside Trove Managed Commerce
To be clear, you don’t actually get anything right away. You basically just sit back and hope everything works out.
When you join Trove, that’s where they start working on:
- Product Research
- Brand Identity
- SEO (Search Engine Optimization)
- Product Design
- Product Manufacturing
- Marketing, Advertising and Promotion
- Fulfillment
- Customer Relations Management
- Optimization
Trove Managed Commerce: Final Thoughts
My main concern with this program is that there is very little in the form of social proof.
In fact, on their website, they only have one 2020 case study which links to a website that sells scented candles, mugs and clothes for Mom.
Now, I’m not sure if this is their only client, or if they’re keeping their best works close to the vest – but I would think that if this company had a successful track record, they would shout them from the rooftops.
Given that, $20,000 is quite a bit to pay.
So, that’s one of the main reasons I would take a pass.
My #1 Way To Make Money Online In 2024
While I don’t believe there is a perfect business model, I can say with confidence that there is one business that’s nearly perfect, especially for beginners.
Here’s why…
- Time: If you can carve out just a couple of hours out of your day or even go all in, then you can do this business. Digital Leasing is the type of business that allows you this type of flexibility.
- You’re The Boss: Since you have full control over your Digital Leasing assets, you will have complete control over their use, including their profit margins which range from 90%-95%.
- Low Cost: You can get your first digital asset up and running in no time, usually within a week at the most, and for as little as $100. You can even see an ROI in less than 30 days.
- Low Overhead: The maintenance for your digital assets are just a tiny fraction of the costs for your typical eCommerce store.
- Easy Duplication: You can easily double the money you make from Digital Leasing with just a few clicks of your mouse, keystrokes, and a simple phone call.
- Helping Real People: You’re not just catering to a faceless conglomerate, you’re helping the guy down the street feed his family or take care of an elderly parent.
It’s all in your hands. You can keep looking for opportunities like Trove Managed Commerce might offer, or you can live life on your own terms, creating passive income and making a positive impact on people’s lives with Digital Leasing.
