Kevin Zhang is a former analyst at Goldman Sachs with over 20 years of experience. He has an MBA in finance and economics from the University of Chicago Booth School of Business, which he got his degree in only seven months while working full-time at GSO. His extensive history includes time spent as an investment banker for Credit Suisse, JP Morgan Chase & Co., CitiBank, and UBS AG among others. After leaving Wall Street to start up Huron River Corporation (HRC), Kevin became CEO before selling it off to Yahoo! Inc.
Kevin Zhang is a professional poker player. He has been playing poker professionally since 2006. His Instagram account is popular and he has over 1 million followers.
If you’re reading this, you’ve most likely seen Kevin Zhang’s advertisements on Facebook or YouTube. He shared his success story of generating $20 million in his first year as an entrepreneur using dropshipping.
That’s a tremendous achievement, particularly for a 23-year-old lad. “What is Kevin Zhang about?” you may still wonder. Is he simply another internet guru who is a fraud?”
You don’t have to spend $1997 for his eCommerce Millionaire Mastery to find out the solution right now. Because I conducted extensive research for you, including speaking with Kevin Zhang’s actual pupils on social media sites like Reddit.
I’ll go over the following points in this review of Kevin Zhang and his eCommerce Millionaire Mastery:
Kevin Zhang is a Chinese immigrant living in the US. On his official website, you can see that he claims to be the youngest member of Forbes Business Council and created several million-dollar eCommerce brands. It seems like he was endorsed by Forbes, as you can see this picture of him featuring on the Forbes Magazine.However, when doing a deeper research, you can no longer find Kevin Zhang’s profile on the website of Forbes Business Council.Not sure if Forbes has cancelled Kevin Zhang’s membership for some unknown reasons.And when you see the photo of the Forbes Magazine carefully, it seems that the magazine cover was made with Photoshop or other photo editing software.
The real issue of Forbes Magazine featuring Kevin Zhang on the cover is not available. To learn more about Kevin Zhang’s mystery, I do more investigation to learn about the eCommerce companies he founded.
Some of his brands are listed below:
- Apparel from Newport
- Leather with a Long Horn
- Dixon Leather is a company that specializes in leather
- Dixon Trading is a company that specializes in the
- Drones of Valor
- Tactical Grizzle
These eCommerce firms should have produced $20 million in a year, according to Kevin. When you attempt to check up the shops, though, many of them have already closed. It begs the issue of why he shuts down these multimillion-dollar eCommerce businesses.
Customer reviews are often negative while searching for shops on Trustpilot. As a result, I’m not sure whether that’s why it was shut down.
In any case, there is no way to validate Kevin Zhang’s claim without further proof.
Let’s have a look at his eCommerce Millionaire Mastery course.
What Can Kevin Zhang’s eCommerce Millionaire Mastery Teach You?
Kevin Zhang’s “eCommerce Millionaire Mastery” course costs $1997. You may pay in 5 installments of $499, but it will cost you $495 extra.
The course is around 20 hours long, with 15 modules and over 200 lessons.
The majority of the films are 10–20 minutes long, and the focus is on Facebook advertisements.
You’ll also get access to his private Facebook group and 52 live calls every year as a bonus of the course.
Kevin, believe it or not, claims that the whole course is worth $37,500. And all you have to do is pay $1997.
That seems to be a decent bargain, but it is very subjective.
An Overview of Millionaire Mastery in eCommerce
Although Kevin Zhang’s course is not inexpensive, the subject is not very sophisticated.
The majority of the footage is available for free on YouTube. So, if you’ve done any dropshipping before, the course material may not pique your interest.
The modules of eCommerce Millionaire Mastery are listed below:
Module 1: A Brief Overview of Dropshipping
This session provides a basic overview of the dropshipping business concept.
Kevin Zhang will discuss how to think like an entrepreneur.
When it comes to entrepreneurship, having the right mindset is crucial.
However, some individuals may find the mentality material to be too abstract and academic.
Module 2: Create a Dropshipping Brand in a Specific Market
Kevin will criticize a single product and a generic shop in this second module. Instead, he advises students to start a dropshipping business.
This concept is intriguing, however it may not be feasible for a dropshipping company. The majority of dropshipping items are generic and may rapidly become obsolete.
Furthermore, since the items are not original, rivals may readily copy them. In the realm of dropshipping, it’s difficult to safeguard your brand. Furthermore, you may be unable to register a trademark for a generic product that is widely accessible on Amazon, Ebay, or Alibaba.
Kevin will also discuss the dropshipping business trend and how to build up a Shopify site and link with Aliexpress using Oberlo in this module.
Kevin then goes on to discuss several alternate sources for finding suppliers, such as Salehoo, which allows you to source things outside of China.
Module 3: Psychology of Customers
There are four videos in this module. Kevin David will discuss several client kinds and how to appeal to their psyche. He’ll also show you how to figure out who your product’s target market is.
Design a Shopify Store (Module 4)
There are 18 videos in this module. Kevin Zhang will show you how to set up Shopify from the ground up, including how to connect a domain to your account. This kind of content is readily accessible on YouTube.
Kevin will show you how to utilize Photoshop and discover some free photos to build Facebook advertising in the beginning.
He’ll next walk you through the basic process of importing Aliexpress items into your Shopify shop, as well as some picture and description tweaking.
He’ll next show you how to set up trust badges, add reviews, and install upsell apps, among other things.
Setting up cross sales and upsells to boost the average order value is the subject of the last lesson.
Module 5: Mastering Shopify Web Design
Kevin Zhang will continue to assist you in designing a Shopify shop in this module. He’ll go through how to personalize your shop, including how to make a banner, category photos, and homepage collections.
He’ll also show you how to add pages like contact, privacy policy, and terms and conditions, as well as how to establish a tracking page that enables customers to follow their purchases.
The last component of this lesson discusses how to improve your site’s performance, which is critical for conversion rate. This may be accomplished by simply selecting a quick and light theme.
Module 6: How to Create Facebook Ads
This module is all about Facebook advertisements. Kevin Zhang will teach you all you need to know to get started. He’ll show you how to create a Facebook business manager account and a Facebook page to run advertisements on first.
After that, he’ll show you how to set up a Facebook pixel. When it comes to executing Facebook advertising, the Facebook pixel is crucial. You won’t be able to retarget and convert website visitors without it.
Finally, there’s a video regarding the “Trackify” program. It’s utilized for backup pixels and product catalogs.
In reality, Kevin David’s training merely teaches you how to use Facebook to increase traffic. So, if you want to learn how to use Pinterest or Google to increase traffic, you won’t find it in this course.
Module 7: Engaging & Profitable Ads
Kevin Zhang will continue his discussion of Facebook advertisements in this module. He’ll show you how to construct a Facebook campaign, analyse data, and fine-tune it. He showed numerous types of commercials, including photos, carousels, and videos.
Kevin Zhang will show you some fundamental copywriting strategies for producing eye-catching advertising towards the conclusion of this lesson.
Module 8: Facebook Ads: A Beginner’s Guide
Kevin Zhang will teach you the fundamentals of running good Facebook advertising in this lesson.
He’ll demonstrate how to use Facebook remarketing to increase sales.
He will also discuss how to understand the data from your Facebook advertising. He went through several key performance indicators including ROAS and cost per purchase.
He’ll also show you some advanced techniques, such as how to use Trackify to construct Lookalike audiences for retargeting.
Module 9: Facebook Ads (Advanced)
This lesson will cover Facebook Ads Campaign Budget Optimization (CBO).
Kevin will demonstrate how to do interest targeting, ad creative, and Lookalike audience testing.
Effective Sales Strategies (Module 10)
Kevin Zhang will show you how to leverage product bundles and when to use free plus delivery in this module.
He’ll also discuss how to use discounts across your shop to increase sales.
Module 11: High ROI Email & SMS Marketing
This topic covers email marketing and how to automate the process of sending consumer emails.
Kevin will also discuss SMS marketing, which may or may not be effective for international clients.
Module 12: A/B Testing & Heat Maps
This session will teach you how to use A/B split testing to improve your conversion rate.
He’ll discuss how to utilize several types of testing, such as heat maps, to optimize your shop.
Providing Customer Support (Module 13)
Customer service is the focus of this module. Kevin Zhang will provide an overview on how to deal with returns and exchanges.
He’ll provide you some scripts to use while interacting with clients.
Module 14: Ensure the Long-Term Success of Your Company
This lesson is about ensuring the long-term viability of your company.
When your Facebook ad account is deactivated, one of the most crucial things to know is how to appeal.
He provides you with the appeals script, but success is not guaranteed.
He’ll also show you how to file a DMCA complaint with Shopify or Facebook if your work is copied by others.
He will also discuss how to engage with the Better Business Bureau (BBB) in order to prevent unfavorable ratings.
Kevin will show you how to deal with payment processor conflicts in the conclusion.
Module 15: Streamline Your Store’s Operations
This last lesson is all about automating your store’s operations.
Kevin will discuss using Upwork or Fiverr to hire virtual assistants.
What is the story behind Kevin Zhang? Is Dropshipping a Profitable Business in 2020?
Can you earn $20 million like Kevin Zhang after finishing this course?
For some years, I’ve been doing dropshipping. I can tell you straight out that it isn’t that simple.
Because of the fierce competition, dropshipping has gotten more challenging.
Scaling your firm to 6-figures, much alone accomplishing what Kevin Zhang accomplished, takes a lot of work and effort.
I Would Not Recommend Dropshipping to Beginners for the Following Reasons:
1. Significant financial risk
Your Shopify business will not be able to sell anything until you spend hundreds of thousands of dollars on Facebook marketing. Facebook advertising’ marketing costs will eat into your profit margin, making it difficult to even break even.
Your account may be suspended for no apparent reason after you have spent hundreds of dollars seasoning the Facebook pixel. You’ll also lose all of the pixel data you’ve invested in.
In other words, if you want to start a Shopify dropshipping company, you must be willing to take financial risks.
2. Facebook Ads are Expensive and Time Consuming
Over time, Facebook advertising have gotten more and more costly. The price is determined via an auction. As a result, as more individuals use Facebook advertisements, the price will rise.
According to Forbes, the cost of Facebook ads has climbed by 90% year over year.
After looking at the outcomes of several dropshippers, I’ve discovered that the overall cost of your Facebook ads will account for at least 30% of your sales income.
Your net profit margin will be at most 20% or even less after deducting product costs and other transaction costs.
Furthermore, although you will see an increase in sales as the Facebook pixel collects more data, the hot audience will quickly exhaust itself. As a consequence, your conversion rate will drop and your Facebook ad cost will rise.
You’ll gradually start to lose money again. As a result, it’s not a long-term company.
Worse so, Facebook advertising have a high learning curve. And Facebook’s algorithm is continuously changing without warning. As a result, occasionally profitable advertising may abruptly lose money. You must then repeat the testing process in order to get back on track. You’ll have to spend a lot of money in the process, which will cut into your net profit even more.
Furthermore, Facebook’s advertising policy is complex to comprehend. And their system is prone to errors, disabling your account for no apparent reason. Even if you are successful in your appeal, you will have to pay more money and go through the algorithm learning process all over again.
As a result, many dropshippers are unable to recoup their Facebook marketing costs and are unable to make a profit while doing so much.
3. Problems with Customer Service
You don’t have to handle inventory or logistics with dropshipping, but you will have to spend a lot of time talking with suppliers and buyers.
You can only wait for your supplier to assist you if consumers have product or delivery concerns. There’s little you can do if your provider isn’t cooperative. To prevent unfavorable reviews or chargebacks, you may usually just repay your consumers.
Because you’re so indifferent to consumer problems, you’ll get a lot of negative feedback on review sites like Trustpilot. Your store’s reputation will suffer as a result of this. That is why creating a dropshipping brand is unsustainable.
In the worst-case scenario, you’ll have a lot of credit card chargebacks, which will result in your payment gateway being blocked and all of your funds being held.
4. A Great Deal of Product Research
Dropshipping items have a short lifespan. The majority of the items are cyclical, which means they can only become viral for a limited time. One of the causes is that a lot of rivals will start selling the same thing. As a result, the market will soon be saturated.
After that, you’ll need to research and test a new winning product for Facebook ad campaigns.
Everything must be restarted from the beginning.
As a result, those that excel at dropshipping do it full-time. When you’re simply doing dropshipping as a side hustle, it’s impossible to generate a lot of money.
Many individuals believe that dropshipping is simple. It requires commitment, hard effort, and a great deal of patience.
In fact, just handling Facebook advertisements will take up the bulk of your day.
Is there an Easier & Better Alternative To Dropshipping?
If you’re new to internet company, you may want to look for a more convenient and better option than dropshipping.
I recommend that you start with affiliate marketing. It’s a lot simpler and takes a lot less time, so it’s ideal for doing as a side business.
You may start an affiliate marketing company with no money down. Because, unlike dropshipping, you don’t have to run Facebook advertisements. Most significantly, you will not be responsible for any after-sale services.
But, what is Affiliate Marketing’s Earning Potential?
In the screenshot below, you can see how a 21-year-old student from my #1 rated affiliate marketing training platform earned $7,395 in only one week. That’s more than $1,000 in a single day. He also didn’t spend any money on Facebook advertisements.
Wealthy Affiliate is the name of the platform. It has been around for more than a decade. Over the course of the year, several members have been successful in quitting their 9-to-5 occupations.
Here are some more amazing Wealthy Affiliate member success stories.
What is the best way to join Wealthy Affiliate?
Wealthy Affiliate is a subscription-based website. You may register for free or upgrade to a premium membership to have access to additional features.
You may join up for the beginner membership here if you want to have a look around Wealthy Affiliate (no credit card required). If you like, you may remain a free member indefinitely.
As a starting member, you’ll get access to the forum, live chat, over 500 training courses, two classrooms, a keyword research tool, and the ability to develop one free website.
You won’t find this type of freebie anywhere else.
As a result, I strongly advise you to create a free account and evaluate whether it is a suitable match for you.
Kevin Zhang is a financial advisor who has been in the industry for over 10 years. He is known as one of the best advisors to work with and is also highly respected by his peers. His skills are seen on social media where he has over 600k followers on Facebook, Twitter, and Instagram. Reference: kevin zhang facebook.
Frequently Asked Questions
Is Kevin Zhang good?
How did Kevin Zhang make his money?
A: Kevin Zhang is a game designer and programmer from the UK. He has worked on games such as F1 Race Stars, Far Cry 4, Dead Space 3 and Fragger for Sony Computer Entertainment Europe
What does Kevin Zhang do?
A: Kevin Zhang is a Chinese-Canadian actor. He has had several high profile roles in popular television series and films, such as starring with Adam Sandler in the movie Grown Ups 2.
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