A market influencer who has seen the ups and downs of cryptocurrency from its early days, AJ Jomah is now a crypto-enthusiast with over 2 million followers. He speaks out against scams in the space while also offering educational content like his YouTube channel that makes him one of the most influential people in this new industry.
Due to the danger of chargebacks, it’s uncommon to find a dropshipping school that concentrates only on selling high-ticket items.
So when I initially saw AJ Jomah’s 7 Figure Skills, I was skeptical about the benefits that this course genuinely provides.
After all, it may just be a dropshipping course disguised as a one-of-a-kind program that promises to help you develop a seven-figure company.
You may trust that my evaluation is honest and impartial since I am not involved with 7 Figure Skills.
I’ll also tell you why dropshipping is dead at the conclusion of this essay, and why you deserve a far better option that can really provide a solid passive income with zero risk.
Here’s what I’ll be talking about in my AJ Jomah review.
Recommendation: This Is The Most Effective Alternative
What is AJ Jomah’s name?
AJ Jomah is the creator of 7 Figure Skills as well as a variety of other online business courses. Over the years, he’s produced a slew of programs, including Amazon FBA and Print on Demand.
This course focuses on utilizing Google Shopping Ads to sell high-ticket products. According to AJ Jomah, who used this strategy to change himself from a poor entrepreneur to a billionaire, he earned a fortune.
This seems a little too Hollywood in the sense that individuals are wary of the high-ticket products advertised on Google Shopping Ads, which range from $2000 to $20,000.
Nowadays, it’s difficult to find a dummy who is both kind and unaware of Amazon’s existence.
7 Figure Skills has a unique price structure.
7 Figure Skills is available in three different packages: a normal package costs $1297, a hold my hand premium academy costs $2497, and a done for you solution costs $5997. If I purchase the most costly bundle, I’ll be done.
The cost of these packages reveals that AJ Jomah is a great admirer of high-ticket things, and he feels that this strategy works well in marketing training programs as well.
What is the purpose of 7 Figure Skills?
7 Figure Skills is a dropshipping course that focuses on high-ticket dropshipping, various strategies for increasing conversion rates, and identifying unique yet hot-selling items that aren’t marketed via Google advertisements (looks like AJ has some insider information).
But where do you go for one-of-a-kind, high-demand items? Most dropshippers should have seen the goods previously if it is in high demand. If not, it’s just a one-of-a-kind item. However, in marketing, distinctiveness does not ensure sales.
The main selling point of AK Jomah is that he teaches you how to earn at least $300 every time you sell a product. If you can obtain one order every month, that’s not terrible.
An Overview of Skills with a 7-Figure Salary
I went out to several of AJ Jomah’s classmates and spoke with them privately because I was intrigued about him.
Let’s take a look at what’s included in the 7 Figure Skills training program.
Module 1: What Makes A Good Online Product?
This session will teach you how to choose the appropriate product or niche for your high-ticket dropshipping company. In a nutshell, it’s a rudimentary primer that isn’t worth the money.
Module 2: Product Idea Generation
A case study on how a single product may make over $100,000 per month is included in this section. You can receive product ideas from AJ Jomah’s research tool, but I’m afraid most of the high-ticket things are already taken.
Module 3: Validating Your Niche & Finding Suppliers
This subject will show you how to identify profitable niches and pricing methods. You will get access to a 4000 supplier directory.
Module 4: Designing Your Shop
AJ Jomah walks you through the whole process of setting up your Shopify site, including the logo, Shopify plugins, email automation, and abandoned carts, in this module.
Module 5: Supplier Approval & Research
This session focuses on how to discover the finest suppliers and develop long-term business partnerships with them. For contacting the vendors, you will be given scripts and email templates.
Module 6: Optimizing Your Store
AJ Jomah will lead you through the process of improving your shop in this module. You’ll also receive some templates for your about, contact, shipping, and returns pages.
Module 7: Email & Automation
This module includes marketing and automation training videos.
Module 8: Overview of Traffic
This section covers the fundamentals of Google advertising and Google Shopping. AJ Jomah will also provide some tips on how to generate inexpensive traffic.
Module 9: Advertising on Facebook
This module is a waste of time since customers seldom purchase high-ticket things on Facebook when they are merely scrolling through news and someone else’s personal life.
Policy on Refunds
Through Stripe, 7 Figure Skills provides a 30-day money-back guarantee. There are no terms and conditions that specify any necessary actions that must be taken in order to get a refund.
The Issues with Dropshipping High-Ticket Items
It’s incredibly dangerous to undertake high-ticket dropshipping since you’re responsible for giving the buyer a replacement or refund if the goods is defective. If your provider refuses to send a replacement, you will be responsible for the loss.
Your consumers can always file a dispute with their credit card issuers, PayPal, or Stripe to get their money back, so you can’t avoid it.
You not only lose a client, but you also lose the full purchase amount. There is no way to recoup the price of the goods, shipping, and advertising.
It’s one of the quickest ways to become a bankrupt entrepreneur.
Why Is Dropshipping in 2020 Not a Viable Option?
As a seasoned dropshipper, I can tell you that the process is becoming more complicated. If you want to establish a six-figure dropshipping company, you’ll have to put in some effort to understand out how it works.
Here are a few reasons why I don’t think dropshipping is a good idea:
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Financial Danger
If you don’t advertise, your dropshipping shop will not sell anything. However, Facebook ad expenses are increasing, eroding your PROFITS. It might take weeks or even months to break even, much alone make a profit.
In another word, you have to take a huge Financial Danger in dropshipping.
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Facebook advertising are costly and difficult to manage.
Based on the experiences of most dropshippers, the total cost of your Facebook ads will account for at least 30% of your entire sales.
However, Facebook advertising are seldom successful for lengthy periods of time. Your ad becomes useless after the audience has been fatigued. Your overall income will be much reduced, and you may even lose money.
According to Forbes, Facebook’s ad expenses have increased by 90% year over year.
Worse still, since Facebook’s algorithm is always changing, the learning curve for Facebook advertisements is rather high. Learning and testing Facebook Ads will take a significant amount of time and money.
If you run Facebook advertisements without any prior expertise, your account will be suspended for breaking the company’s rigorous standards.
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Customer Service
You must spend a lot of time negotiating with suppliers and dealing with customer support while dropshipping.
You must wait for your supplier to assist you if your client has a problem with the goods. You must face the loss if your supplier is not cooperative. As a result, many dropshipping shops have negative customer reviews and no repeat customers.
In the worst-case scenario, you should anticipate a high number of credit card chargebacks, putting your payment gateway at danger of being shut down.
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A great deal of effort has gone into product research.
To maintain your shop profitable, you must constantly locate a product with the potential to become viral in order to pay the expenditures of advertising.
Most items in dropshipping achieve their peak in 1-2 months or even weeks. This is due to the fact that numerous rivals will copy your goods and make a better advertisement. Alternatively, they may boost their Facebook ad spending to outbid you.
As a result, you must continue to identify fresh substitutes in order to generate cash flow.
People may report revenues on the internet, but they do not disclose the net revenue.
Some of them may be profitable, but it isn’t long-term.
The dropshipping business idea isn’t as simple as it seems. The majority of individuals who succeed at dropshipping do it full-time since it demands you to constantly source new goods, create new businesses, test new marketing, and hunt for new suppliers in order to maintain a consistent revenue.
Is There an Easier & Better Alternative to Dropshipping?
You could ask whether there is a better business strategy that doesn’t need Facebook advertisements and can be done as a side hustle if you don’t want to squander your time or jeopardize your hard-earned money.
Yes, I recommend that you begin with affiliate marketing. You don’t even have to deal with customer service, so it’s a lot simpler and less time consuming.
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.
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 best way to join Wealthy Affiliate?
Wealthy Affiliate offers a very straightforward price structure. It offers both free and paid membership options.
You may join up for the beginner membership here if you want 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.
You may take advantage of all of these benefits without spending any money.
So I highly urge you to create a free account and check it out for yourself.
Recommendation: This Is The Most Effective Alternative