Ellen Lin is a Vice President at Goldman Sachs and the lead of their blockchain initiatives. She has been working on cryptocurrency and blockchain for over 6 years, with experience in both New York hedge fund territory as well as Wall Street compliance departments.
Ellen Lin is a Taiwanese-American businesswoman, investor, and philanthropist. She is the co-founder of Bitauto Technologies Inc.
Are you planning to open an Amazon online store? If that’s the case, you’ve probably heard of Ellen Lin, the creator of Ellenpro, who is pushing her Amazon course on YouTube.
According to Ellen, you may scale your monthly sales and ascend to new heights by following her tactics.
However, given the abundance of gurus out there and Amazon’s reputation for fierce competition, you may question whether Ellen’s Ellenpro is the solution to your business dreams.
Is Ellen Lin a con artist out to steal your hard-earned cash? I did some research on Ellen Lin and her course Million Dollar Golden Formula to provide you with an answer.
I’ll also tell you about a far superior option at the conclusion of this post that can help you develop a six-figure internet company with no risk.
Here’s what I’ll be talking about in my Ellen Lin and Million Dollar Golden Formula review.
Ellen Lin, who is she?
Ellen Lin is an internet businesswoman who built a fortune on Amazon, where her annual sales topped seven figures. 
Her achievement, though, did not come out of nowhere. It took her five years of sweat and tears to go from being a little eBay seller to being a top Amazon seller with sales of over two million dollars.
Her journey from poverty to riches is inspiring. She began with $600 in her pocket and used her garage as a shop to sell Taiwanese items to consumers in the United States.
She is able to interact with consumers and suppliers from many nations since she is multilingual and speaks three languages.
By 2020, she will have coached over 350 students from over 12 countries, transforming those who were previously ignorant of business potential into self-employed entrepreneurs.
If you’re unfamiliar with Amazon FBA, check out this video:
Recommendation: This Is The Best Option
What exactly is Ellenpro?
Ellen Lin started Ellenpro, an educational firm. Its major goal is to educate individuals how to start a profitable Amazon online business.
Ellenpro is a well-known brand in Southeast Asia, having appeared on Grant Cardone TV, NBC, FOX, and The Huffington Post.
People outside of the Chinese-speaking markets may not have heard of Ellenrpo since Ellen Lin does not provide any English-language training programs.
The Ellenpro website offers two Amazon courses: the Amazon Beginner Package and the Million Dollar Golden Formula.
What is in Ellenpro’s Million Dollar Golden Formula?
The Ellenpro main program, Million Dollar Golaen Formula, has the following content:
- A step-by-step guide to finding the proper niche and validating your niche concepts.
- Tutorials on how to get items from the finest suppliers and how to turn leads into sales.
- Explains the attitudes that an entrepreneur needs to overcome ups and downs and achieve consistent sales.
- Provides you with techniques to help you keep ahead of the competition and handle the business risks that Amazon suppliers confront.
- Instill an entrepreneurial mindset in this course’s pupils.
- Shows you how to expand your company when you’re just getting started selling on Amazon.
Ellenpro Million Dollar Golden Formula Pros and Cons
The Pros
- The material of the course is both instructive and thorough.
- The mentoring provided is remarkable, and Ellen Lin is always willing to assist.
- Ellen Lin’s charisma is a huge feature for this show. Her expertise and experience with Amazon company impressed me.
As we have seen, this software has certain advantages, therefore we should weigh the disadvantages.
The Cons
- Running an Amazon FBA company is difficult, but I believe Ellen understated the amount of effort required to be a top seller in 2020.
- Running an Amazon company is expensive since you must purchase inventory and pay for promotion. In the advertising of Ellenpro’s program, the latter expense is minimized.
Ellen Lin: Is She a Fraud?
Ellen Lin or Ellenpro are not a fraud, in my opinion.
After some research, I discovered that she had made two million dollars in sales. However, Ellen failed to show you the net profit.
Due of the tremendous competition, I believe that most Amazon merchants’ profit margins are at most little greater than 10%.
Indeed, Ellen emphasizes that launching an Amazon FBA company demands perseverance and unwavering commitment, which is not for the faint of heart.
Recommendation: This Is The Best Option
Ellen Lin Isn’t Telling You About Amazon FBA’s Issues
The reasons why I don’t advocate the Amazon FBA business strategy are listed below.
A substantial initial expense is required for an FBA company.
You’ll need at least $15-20k to start an Amazon company.
Furthermore, since you can’t get started without any understanding, you’ll need to pay for an FBA course like Million Dollar Golden Formula, which is rather costly for beginners.
You’ll also need to pay for product samples and inventory, labeling and shipping, product launch services/pay-per-click advertising, and Amazon Marketing Services. Once you start selling on Bezos’ site, the initial $10,000 will be soon depleted.
In a nutshell, it takes a long time and costs a lot of money. So, if you really want to risk your hard-earned money, you must consider again.
The FBA business concept is intricate.
Even though Amazon undertakes a lot of the legwork for you, getting a product listing up and running takes a lot of effort.
Aside from that, you have to cope with a lot of dry jobs every day. For example, you must negotiate with suppliers, compare shipping firms and freight forwarders, and adhere to Amazon and local government rules, among other things.
For novices searching for a side hustle or a source of passive income that takes minimal time and commitment, this technique is too advanced.
There isn’t any immediate cash flow.
A company’s cash flow is its lifeblood. However, with the Amazon FBA business model, most sellers must spend a significant amount of money to buy inventory from Chinese suppliers.
The charges will be significantly greater if you wish to manufacture a unique private label product. Most Chinese manufacturers, for example, charge a few hundred dollars only to create a prototype. If you don’t believe me, you can get a quote from Alibaba.com.
Depending on the nature of the items and quantity, manufacture might take anywhere from 1-2 months. After that, it takes 2 weeks to ship and pass customs before arriving at Amazon’s warehouse.
This method suggests that you may not get compensated for the merchandise you purchased for many months.
Profitability is harmed by price wars.
Amazon is rife with price wars. When a vendor lowers their pricing to attract more consumers, other merchants are obliged to drop their prices as well.
You may need to reduce product expenses to prevent a net loss. As a consequence, product quality suffers, consumers provide bad comments, and sales suffer.
You must cope with shifting sales tax regulations, category limits, and Amazon rules in addition to the fierce competition.
In the worst-case scenario, if you breach certain restrictions by accident, Amazon may permanently ban your account.
Is there an Easier & Better Alternative to Make Passive Income?
Whether you’re new to internet company, you may be wondering if there’s a better business model that doesn’t need any upfront investment and can be done as a side hustle.
Affiliate marketing is the simplest and most lucrative business plan I’ve attempted so far.
Affiliate marketing allows you to operate your company for absolutely little money. Most significantly, you won’t have to spend any money on product development.
It also takes less time since you don’t have to deal with inventory or customer service.
While on vacation or at a full-time job, you may earn a consistent stream of passive money.
Because the world is full of uncertainty, I would always choose for the lowest-risk business plan.
However, how much money can you make with affiliate marketing?
A 21-year-old student from my #1 rated affiliate marketing training platform earned $7,395 in only one week, or more than $1000 per day…all while employing free traffic strategies.
Wealthy Affiliate has been around for almost ten years and has a long list of success stories. Here are some more inspirational success stories from Wealthy Affiliate members to offer you additional examples.
What is the location of Wealthy Affiliate?
Wealthy Affiliate offers a very straightforward price structure. It offers both free and paid membership options.
You may join up for the beginning membership here to get a feel for Wealthy Affiliate (no credit card required). You may choose to be a free member for an indefinite period of time.
As a starting member, you’ll get immediate access to the community, live chat, over 500 training courses, two classrooms, networking, comments, one free website, and the keyword tool.
All of these benefits are available without cost.
So I highly urge you to create a free account and check it out for yourself.
Recommendation: This Is The Best Option
Ellen Lin is a Taiwanese-American actress who has appeared in films and TV series. She has also been the subject of several controversies. Her net worth is estimated to be $9 million. Reference: ellen lin net worth.
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