scamrisk logo

Wholesale Profits - Stephen Somers Review (2024 Update): Best Amazon FBA Training?

By: JosiahSep 28, 2023Amazon FBA
Wholesale Profits - Stephen Somers Review ([year] Update): Best Amazon FBA Training?

Amazon business may be the business model that pops into your mind whenever you hear about the wholesale industry. The most obvious perk of selling wholesale is that you won't have to develop and market a fresh new product from the ground up.

You might be here because you come across Wholesale Profits in hopes to sell wholesale products. This Wholesale Profits review will help you see if this service is for you and if the wholesale business is a suitable business model or if there might be something better.

DISCLAIMER:

This Wholesale Profits review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

PROS
  • Lower Cost Than Starting New Business
  • Many Bonuses To Use
  • Online Community
CONS
  • Expensive Monthly Cost
  • Upsells Members
  • Little Information About Creator

Why Listen To Us

My name is Josiah, and this is my Dad, Joel.why listen us

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.

Anyway…

I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

why listen us gif

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online

  2. Straightforward-ness of the system to do it

  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

Wholesale Profits - like most Amazon FBA programs - wants you to believe you can build and run a successful e-commerce business that’s automated, profitable and generates cash around the clock in less than 90 days...

With just a couple hundred dollars in inventory…

Sounds a little too good to be true, huh?

Look, as far as most online businesses go, you could do a lot worse than Amazon FBA.

But does that mean it’s the best solution for you?

That’s what we’ll find out in this Wholesale Profits review.

The biggest things you have to consider here are:

  • Inventory Management
  • Product Selection
  • Time to Profit

While you can make good money with Amazon FBA, it’s not as easy or simple as most course creators make it sound. Let’s break these three down real fast:

1) Inventory Management: If you’re doing an FBA business, the promise is that you don’t need to worry at all about inventory, because Amazon takes care of packing, shipping, customer service, etc.

However, you still need to get products to Amazon. And Amazon has very strict rules all sellers have to follow when preparing products for their warehouses.

This includes packaging, labeling, and registering products in their system. If you’re preparing all products yourself, you’ll spend a TON of time on this step (potentially 4-5 hours a day). So if you’re looking for a passive, automated business that runs itself, this might not be the best fit.

Now, yes, you can hire an Amazon prep center to do all this for you, but that eats into your margins. And remember that Amazon takes around 30-40% in fees for using the FBA program, so your profits are pretty tight, to begin with.

2) Product Selection: E-commerce is a cyclical business. “Hot” products are always going in and out of fashion, which means, as an Amazon seller, you constantly need to be on the lookout for the next big thing.

That means monitoring trends, searching for products that might be popular down the line, and constantly in a rat race to - essentially - predict the future.

Sure, you can play in the evergreen market (things people always need and buy), but how much profit margin are you going to get on meal prep containers, rubber spatulas, and golf umbrellas? Especially when there are hundreds of thousands of other sellers all swimming in that same ocean.

And because you’re constantly hunting for new hot products to sell, that takes up all the valuable time you could be using to travel, explore, read, surf, hike, or whatever else.

3) Time To Profit: Now, this isn’t the slowest turnaround time, but if you think you can put a dollar into inventory today and come out with two tomorrow, you’re sadly mistaken. From the time you first buy products to sell, you could be looking at anywhere from 4-12 weeks before you see a dollar come back.

And it could take twice as long before you break even.

Now, that’s not terrible, but what if you could start building different (non-Amazon) income stream today, and see your first profits tomorrow?

What if you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Low margins
  • Constantly looking for the next hot product

An income stream that brings in consistent revenues every single month (from a couple of thousand dollars to well over $10,000)?

An income stream you could build in your spare time, and grow as large or as small as you want to, without having to spend hours a day packing, prepping, and researching?

TESTIMONIAL - Still Getting Paid

If that sounds like something you’d be interested in, check out Digital Leasing.

This is nothing like Amazon FBA, and that’s probably a good thing.

However, if you’d still like to know more about Wholesale Profits, keep reading.

What Is Wholesale Profits?

Wholesale-Profits-Focuses-On-Wholesale-Profit-Margin-e1690761288676.jpeg.webp

With the help of Stephen Somers's program,Wholesale Profits, anybody can learn to make money on Amazon by teaming up with well-known businesses and reselling their items at retailing prices.

You don't need to worry about throwing a bucket of investment money either.

The Accelerate System is a part of the Wholesale Profits course that walks participants through the steps of applying the Accelerated Wholesale Method.

The eight in-depth video lessons cover all you need to know to get started quickly turning a profit. The Accelerate System is a part of the Wholesale Profits program that walks participants through the steps of applying the Accelerated Wholesale Method.

The eight in-depth video lessons cover all you need to know to get started quickly turning a profit. Furthermore, as a member of Marketplace Superheroes, you will have the following:

  • Accelerate Mastermind Community Membership
  • Exclusive Facebook Community
  • Chance To Ask Queries To Fellow Members

You'll also be able to collaborate with other group members, you can ask about anything like Wholesale Profit margin, final selling price, apparel retail brands and other brands, shipping costs, and so on.

Here is the added bonuses you can anticipate when you buy of this course:

  • Software Speed Toolkit (with affiliate links)
  • Supplier Shortcut Vault & Template Tank (scripts and swipe files)
  • Accelerate Accountability Blueprint (goal-tracking workbook)
  • Soar With The Legal Eagle (Masterclass)
  • Advanced PPC Ads Workshop (investing in web traffic)

Who Is Stephen Somers?

Stephen-Somers.jpeg.webp

Stephen Somers is the person responsible for Wholesale Profits. If you look at Stephen's LinkedIn account, you can see that he focuses on Amazon business.

He is also the CEO of Marketplace Superheroes, so it is not surprising to see that Wholesale Profit is affiliated with the said company because the key figure in both companies is Stephen.

Here are the skills he flaunts in his account:

  • Social Networking
  • SEO
  • B2C Marketing
  • Warehouse Management
  • B2B eCommerce
  • Advertising
  • Email Marketing
  • JV Partnerships

His short bio entails that he helps entrepreneurs to earn five to seven digits in their gross profit margin. But other than marketing his program, there is no information about his background and success story.

How Much Does Wholesale Profits Cost?

The cost of the Wholesale Profits service is $397 every month for five months, or around $2,000.

Throughout the payment process, you have the choice of purchasing a 1-on-1 Acceleration Session for an additional $147. As you move through the training, you may be offered optional extras.

In the talks of wholesale and retail prices, distributors charge wholesale prices to retailers. The retailer puts retail pricing and computes their own overhead costs.

There is no clear information about the price retailers sell at as it is not something they can control.

In short, wholesale cost and profit margin cannot be predicted. But something is sure, wholesale pricing and retail pricing will be added to the upsells of this company.

Is Wholesale Profits A Scam?

Scam or Legit So, is Wholesale Profits a scam?

Not technically.

You can make money with this program, but it’s definitely not as easy as Stephen Somers makes it sound.

There’s a ton of work to be done upfront, no real guarantee of success, and - most importantly - you need to do a ton of volume to make any real money.

Now, there’s nothing wrong with front-loading the work and making the money later.

But if you’re grinding it out for three months and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not worth it.

What if, instead, you could do that same three months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (recurring revenue)?

And what if you actually didn’t need to wait three months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Leasing. 

And, unlike with Amazon FBA, you can legitimately do this from anywhere. It’s a true lifestyle business.

Your laptop and an internet connection are all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

TESTIMONIAL - Saying Goodbye To Our Jobs

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.

Are There Alternatives To Wholesale Profits?

alternatives

Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:

  • Local Lead Generation
  • Digital Leasing
  • SEO
  • Real Estate
  • Website Building

What Is My Top Recommendation In Making Money From Home In 2024?

Digital Leasing

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business”, the research IS conclusive:

Digital Leasing is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.

Why?

1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking three months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.

TESTIMONIAL - JUMP ALL IN

2) You Own & Control EVERYTHING: With Amazon FBA, you don’t own anything. Yes, you technically own the products before you send them to an Amazon warehouse, but that’s it.

You don’t own the sales platform, you don’t own a brand, and you don’t own the customers.

Not to mention, Amazon can literally shut you down at any time if they believe you’ve violated their constantly changing terms of service.

So you’re building a business that could be completely taken away from you in the blink of an eye.

With Digital Leasing, you own the assets, which means you have all the power and control.

TESTIMONIAL - Feeling Blessed

3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket...even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

TESTIMONIAL - Lance Lead Gen

4) No Inventory: As mentioned above, spending 4-5 hours a day prepping and packing products to send to Amazon is a huge time commitment.

Plus, you constantly need to be buying new products if you want to maintain your business. You need to spend even more money if you want to scale up.

With physical products, you’ll always have limits on your time and freedom.

With Digital Leasing, a 100% online business, you never have to worry about that.

TESTIMONIAL - Scott Lead Gen

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with Amazon FBA, you’d have to double your inventory OR your profit margins. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.

TESTIMONIAL - Done Deal

6) Make Money Helping Real People: This part is what makes it all worth it. Amazon FBA is a decent way to make yourself money, but it doesn’t improve anyone else’s life.

After all, there’s always someone else selling rubber spatulas and umbrellas. That might be fine in the short term, but in the long run, you may feel like you’re missing a purpose.

With Digital Leasing though, you’re helping people by solving your clients’ biggest problem…

Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either...a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Leasing makes a real impact on the lives of real people, you’ll sleep like a baby with a big smile on your face.

BOSS OF MY FUTURE

Now, the choice is yours. You could continue browsing, looking at opportunities like Wholesale Profits, which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.

0 Responses
Leave A Reply
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Save my name and email in this browser for the next time I comment.

All site content, links and resources are presented solely for informational purposes only and should not be considered as medical, legal, financial or tax advice. ScamRisk.com is free to use because we may earn a commission when you use a service listed on our site, however our editorial treatment of reviews, ratings and listings is equally impartial whether a link is paid or unpaid. Opinions expressed in reviews, commentary and articles are those of the author and are not necessarily shared by Scam Risk. Screenshots, logos, company names & styles are IP, copyright and trademarks of their respective owners, used on this site for their promotion or editorial illustration.

Continued use of ScamRisk.com is contingent on acceptance of Scam Risk's legal policies

scamrisk footer logo