Alex Fedotoff is the co-founder and president of IEX, listed on Nasdaq. The company specializes in a new type of trading system called “speed markets.”
Alex Fedotoff is a financial analyst at Goldman Sachs and has been on the job since 2007. He is also the author of “The Art of Investing in Good Times and Bad”.
Are you searching for a course review by Alex Fedotoff? Should you become a member of his Ecommerce Scaling Secrets to earn money online?
I’m passionate in assisting others in exploring online money-making options. I’ve examined a lot of programs like Alex Fedotoff’s throughout the years.
I’ve spent the last week doing extensive study on Alex Fedotoff and his classes so that I can tell you more about them.
I’m not linked with Alex Fedotoff, just to be clear. It indicates I was not compensated for writing this review. As a result, you can be certain that my opinions are impartial.
I’ll also tell you about a superior option that has allowed me to create a full-time passive income online at the conclusion of this article.
I’ll go through the following topics in this Alex Fedotoff course review.
Alex Fedotoff: Who Is He?
Alex Fedotoff is an eCommerce instructor and marketing master. He runs the Ecommerce Scaling Secrets website, which provides several eCommerce courses.
On his YouTube account, he is pretty active. At the time of writing, he had roughly 25K subscribers.
Alex Fedotoff, like many other gurus marketing online courses, makes a lot of big claims to get people to enroll in his courses. For instance, he claims to have made $20 million in seven months, $5 million on Facebook, $242,000 every month with a technique, and so on.
You may be wondering why Alex Fedotoff is continuing creating YouTube videos to advertise his courses rather than retiring.
It makes no sense for someone who earns millions of dollars in a matter of months to spend time making videos only to promote a course.
Actually, I never believe gurus’ wild assertions until they back them up with real facts.
Anyway, let’s have a look at Alex Fedotoff’s course offerings.
Recommendation: This Is The Best Option
Review of Alex Fedotoff’s Courses
Alex Fedotoff provides a number of services to assist you in making money via eCommerce. The mentoring program, eCommerce course, and Facebook advertisements course are his key offerings.
What is the meaning of Ecommerce Scaling Secrets?
Ecommerce Scaling Secrets is the name of his eCommerce course. To enroll in the course, you must first schedule a consultation call with Alex Fedotoff. The consultation call is really a sales call designed to sell you the course.
So, what will you get out of this eCommerce course? Following are some of the topics covered in the course:
The overarching plan for establishing an online shop
- How to get Shopify and your sales funnels up and running
- Product investigation
- Facebook advertisements
- How to complete orders
- Bonus: scaling strategies and more Facebook advertisements training
What is the purpose of the Facebook CBO course?
Alex Fedotoff teaches you how to run Facebook advertisements using the campaign budget optimisation.
The following subjects are covered in this course:
- Part 1: Cheatsheet for CBO Pro Testing
- CBO Profit Optimization Strategy, Part 2
- Part 3: Scaling Frameworks for CBOs
- Retargeting advertisements and how to develop ads are included as bonuses.
Alex Fedotoff’s Course Fees
The courses taught by Alex Fedotoff are not inexpensive. Without supervision, the eCommerce Scaling Secrets course costs $297. You must pay $1997 if you need mentoring.
Pros and Cons of Alex Fedotoff
Let me summarize my feelings regarding Alex Fedotoff’s classes.
Pros
- Alex Fedotoff can teach you the fundamentals of eCommerce.
Cons
- The courses taught by Alex Fedotoff are not inexpensive.
- The quality of the courses is not the finest on the market. Many crucial subjects are left out.
- Alex Fedotoff teaches you how to drive traffic by Facebook advertisements but not others, which is not enough to build a sustainable business.
- Alex Fedotoff enjoys displaying opulence in order to sell you the fantasy of being wealthy, but this is far from reality.
- There is no return policy, so after you’ve paid, you can’t obtain a refund. The majority of the courses I researched had a 14- to 30-day money-back guarantee. A lack of refunds is a warning sign.
- There are no confirmed student success stories.
Alex Fedotoff: Is He A Scam?
Alex Fedotoff comes to mind. There is insufficient evidence to support this claim. I don’t suggest his classes, though, since he makes a lot of exaggerated earnings promises.
If he really generates millions of dollars from eCommerce, he won’t waste so much time trying to sell you a course. Why didn’t he concentrate on eCommerce and retire after a few years? His statements make me believe he is being deceitful.
Moreover, the training in Alex Fedotoff is just mediocre, meaning there are no special or unique strategies covered. Many important topics like Facebook advertisements are not detailed enough and hence you will feel very confused.
As a result, if you want to earn money online, I don’t endorse Alex Fedotoff’s eCommerce classes.
Furthermore, Alex Fedotoff fails to mention the challenges of eCommerce since he is attempting to sell you his course.
If you’re new to internet company, you should know why eCommerce is more challenging than you anticipated.
Recommendation: This Is The Best Option
Is eCommerce Still a Good Idea in 2021?
I’ve worked in eCommerce previously, and I can tell you that it’s becoming more challenging. If you want to establish a six-figure eCommerce firm, you’ll have to put in some effort to find out how it works. Here are some of the reasons why I do not advocate eCommerce:
1. Financial Danger
Your eCommerce store won’t sell ANYTHING if you don’t ADVERTISE. But Facebook advertisements costs are skyrocketing and will eat away your PROFITS. You might need weeks or even months to just break even, before seeing any profit. In another word, you have to take a huge FINANCIAL RISK in eCommerce.
2. Facebook advertisements are Pricey and Difficult
After observing most eCommerce stores’ results, at best, the total Facebook ad cost will account for at least 30% of your total sales. But Facebook advertisements seldom stay effective for too long. Once your ad has exhausted the audience, it becomes ineffective. Your total revenue will be much lower and even result in net loss. According to Forbes, Facebook saw an increase in Ad costs of 90% year-on-year.
Worse still, the learning curve of Facebook advertisements is quite steep because Facebook changes its algorithm all the time. You have to invest a lot of time and money in learning and testing Facebook advertisements. If you run Facebook advertisements without any experience, your ad account will be banned for violating their strict policies.
3. Customer Service
You must spend a lot of time talking with suppliers and dealing with customer support in eCommerce. 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 eCommerce 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.
4. Significant product research effort
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.
In eCommerce, most products reach their peak in 1-2 months or even weeks. This is because many competitors will steal your product and create a better ad. Or increase their budgets on Facebook advertisements to outbid you.
As a result, you must continue to identify fresh substitutes in order to generate cash flow.
People may report revenues online, but they do not disclose the net revenue. Some of them may be profitable, but it isn’t sustainable.
You may believe that the eCommerce business model is passive. Most individuals who thrive in eCommerce do it full-time since it demands you to constantly source new goods, create new businesses, try new marketing, and seek out new suppliers in order to maintain a consistent revenue.
Is There an Easier & Better Alternative to Make Money Online?
If you don’t want to waste your time or risk your hard-earned money, you might wonder if there is a better business model that doesn’t need Facebook advertisements and can do it as a side-hustle. Yes, I would suggest you get started with affiliate marketing. It is far easier and less time consuming as you don’t even need to handle customer service.
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 utilizing free traffic strategies and affiliate marketing.
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
Alex Fedotoff is a New Zealand-based financial adviser. He has been in the industry for over 10 years and has helped people save millions of dollars. Reference: alex fedotoff mega nz.
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