Ken Wat is a Chinese entrepreneur, investor and philanthropist. He founded Fenqile, one of the largest offline e-commerce companies in China with over 500 million users and annual revenues of $2 billion today.
Ken Wat (): who is he? Is Ken Wat a con artist?
If you’re from Hong Kong, you’re definitely familiar with Ken Wat, who uses Facebook Ads to reach out to Hong Kong residents. You could be wondering whether he’s a con artist or not.
He promises to be able to educate you how to build up an eCommerce shop and become financially independent.
Because there are so many frauds on the internet, it’s a good idea to conduct some research before spending your money in a course.
I’m passionate in assisting folks in exploring online money-making options. I’ve studied a lot of programs over the years, including Ken Wat’s eCommerce course.
I’ve spent the last week doing extensive study on Ken Wat and his course so that I can tell you more about it.
I’m not linked with Ken Wat, just to be clear. It implies that I was not compensated for writing this review. As a result, you can be certain that my opinions are impartial.
I’ll go through the following topics in this Ken Wat () Course Review:
Ken Wat (): who is he?
Despite the fact that Ken Wat operates a lot of Facebook advertising in Hong Kong, there isn’t much information on him on Wiki. As a result, we may only learn more about him via his advertisements, personal Facebook account, and self-introduction.
Ken Wat has over 20 years of expertise in the advertising sector and over 10 years of experience in digital marketing, according to him.
In 2005, he started Lokomotive, a multimedia development firm based on his advertising expertise.
Over the last twelve years, Ken Wat says that the firm has cooperated with a number of significant organizations, including Swire Group, JP Morgan, China Life, and others. At its peak, the business employed about 60 individuals. Despite this, the income is only slightly higher than that of the ordinary wage employee. This seems strange to me.
Ken Wat later put all of his funds into developing a coffee brand and opening a real shop. However, it was only open for three months before shutting down. I’m curious as to why he quit up so quickly.
Ken Wat then recognized the opportunity to create my own internet company. He got knowledge from advertising campaigns, which he put to good use.
Ken Wat claims to have founded two local web businesses, dearsoulmates.com and wonamobile.com, respectively.
As of the third quarter of 2021, Ken Wat claims to have attracted 1,500 pupils. Some successful pupils, he added, have gone abroad and built their own businesses based on their website management skills.
Technology and modern retail, according to Ken Wat, have created many options for individuals to pursue their entrepreneurial goals, earn respectable returns, and work cheerfully and dignifiedly while establishing a work-life balance.
Here’s a YouTube video he made to promote his course:
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What does Ken Wat mean when he says, “Dear Soulmate?”
Dear Soulmate is a Hong Kong-based internet retailer with a focus on the Hong Kong market. It offers a wide range of things through the internet.
The internet shop is still open at the time of writing. They seem to be running Facebook advertisements, as I can see.
As a result, it might signal that the shop is making a specific amount of money. However, there is no way to know how much money the shop earns.
Ken Wat maintains the shop is profitable, but I have my doubts. Hong Kong’s local market is tiny yet competitive. Many eCommerce sites exist, including HKTVmall, Taobao, and Big Big Shop, in addition to many physical businesses and shopping malls.
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What is the Wonda Mobile of Ken Wat?
Wonda Mobile is an internet retailer that caters to a global audience. In his advertising promoting his dropshipping school, Ken Wat mentioned this online business.
Ken Wat created the new course in response to the growing surge of emigration in Hong Kong. As a result, when individuals relocate to other nations, such as the United Kingdom, he presents the possibility to create an internet business.
Wonda Mobile seems to be a well-known retailer. It has a fantastic 4.9/5 Trustpilot rating, which is outstanding.
While Ken Wat teaches students how to create an online business using Shopify, Wonda Mobile was created using Magento.
Ken Wat also instructs students on how to dropship from Aliexpress, however Wonda Mobile is not a dropshipping company. Wonda Mobile’s goods are not available on Aliexpress.
As a result, Ken Wat’s dropshipping course isn’t very persuasive. Ken Wat does not seem to have any prior experience with Shopify dropshipping from Aliexpress.
Actually, there’s no way to know for sure whether Ken Wat is the true owner of Wonda Mobile.
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Ken Wat’s Negative Online Reviews
When I went online to look for red signs regarding Ken Wat, I came across several internet remarks about him. Take a look and decide if you should believe them or Ken Wat.
Here’s the Facebook page accusing Ken Wat of being a con artist:
Why Do I Not Recommend Ken Wat’s Courses?
Ken Wat does not provide a trial period. Thousands of dollars are required to get started. The danger is substantially bigger if you don’t enjoy or feel comfortable with the course.
1. Doubtful Testimonials
In some of Ken Wat’s advertising, screenshots may be used as evidence of success. However, the accuracy of the findings cannot be validated. The most of the time, it’s merely a sales ploy.
2. The majority of Ken Wat’s income comes from selling courses.
Why would Ken Wat teach you how to conduct dropshipping or eCommerce if it’s such a lucrative business? Why does he reveal his “secrets” in order to get more people to compete against him? Isn’t there a potential for a conflict of interest?
There is only one justification for this. Ken Wat can’t earn a lot of money through local eCommerce since the profit margin is so low.
Ken Wat can earn far more money by teaching others how to perform local eCommerce. They earn a lot more money if you buy into their fantasy of becoming a billionaire via local eCommerce. Yes, it’s a pipe dream since only a tiny number of individuals in Hong Kong can generate a good net profit through eCommerce.
As a result, I do not advocate purchasing Ken Wat’s course.
3. 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.
4. Extremely High Financial Risk
If you don’t advertise, your eCommerce business 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.
To put it another way, eCommerce requires you to assume a LARGE FINANCIAL RISK.
5. Ken Wat Courses are Excessively Expensive
Ken Wat charges roughly US$2,000 for his online course, which is excessively high when compared to comparable eCommerce courses like Start and Scale.
When it comes to eCommerce or Shopify dropshipping, there are numerous better and less expensive options. A lot of the content in Ken Wat’s course is available for free online, such as on YouTube.
4. Ken Wat only teaches you how to use paid traffic.
Ken Wat exclusively instructs you on how to use Facebook advertisements to bring visitors to your website. He isn’t a fan of the free traffic strategy. You won’t make any sales if you don’t have enough money to run sponsored adverts.
Is Ken Wat () a Scam?
For legal reasons, I am unable to call Ken Wat a con artist. He does, in fact, teach you how to create an eCommerce company from the ground up.
Ken Wat’s course, however, is far more costly than other eCommerce or Shopify dropshipping courses.
Furthermore, based on my own experience, you may easily waste a few thousand dollars trying Facebook advertising. It will be difficult for you to recoup your investment in the course.
That, I believe, is why Ken Wat has moved his concentration from selling online businesses to selling online courses. Only a small percentage of individuals can make a six-figure income via eCommerce.
I have a better idea for you if you want to generate money online as a side business. This superior option, unlike eCommerce, does not demand a large amount of cash and does not require you to spend thousands of dollars to learn. In the following part, I’ll tell you all you need to know.
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Are There Any Better Ken Wat’s Course To Make Passive Income Online Alternatives?
You could question whether there is a better business model that doesn’t need Facebook advertisements and can be done as a side hustle if you don’t want to spend your time or money on Ken Wat’s eCommerce course.
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 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.
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