Seth Kniep is an American entrepreneur, investor and philanthropist. He is the co-founder of Palantir Technologies and a former hedge fund manager at SAC Capital Advisors. As one of Silicon Valley’s most successful investors, his net worth has been estimated to be as high as $3 billion.
Seth Kniep is a business man who has been in the industry for over 40 years. He is well-known for his work with AT&T and DirecTV, as well as being an author of “The Art of Negotiation”.
Are you seeking for an unbiased Just One Dime review? Do you think it’s simply a ruse?
Is this training actually going to assist you in making money online?
I’m passionate about assisting others in avoiding internet frauds and making genuine money. So I conducted extensive research on Just One Dime in order to assist you in determining whether or not it is a legitimate course.
I’m not linked with Just One Dime, thus I wasn’t compensated to write this review in order to promote it. So you believe my remarks are objective?
I’ll also tell you about a far superior option that allows me to create a 4-5 figure monthly passive income at the conclusion of this article.
This Just One Dime Review will cover the following topics.
Seth Kniep, who is he?
Seth Kniep claims to earn over a million dollars each year as an Amazon seller.
If this is correct, I believe he is referring to total sales revenue rather than net profit. Because Amazon’s net profit margin is considered to be rather low. In a later part, I’ll explain why.
He launched his own company after becoming dissatisfied with his work. He didn’t want to earn money for others by working for them.
Seth Kniep began investigating the possibility of selling on Amazon. He claimed to have more than doubled his previous salary.
After achieving success with Amazon FBA, he said that he wanted to assist others attain the same success, so he began to develop a course.
Seth Kniep does not have a YouTube channel of his own. The course name, Just One Dime, is the name of the YouTube channel. On YouTube, it has around 236K followers. I viewed a few YouTube videos, most of which are promotional films aimed at promoting his course.
Seth Kniep has a small following on Facebook. At the time of writing, the account had roughly 3000 followers.
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What is the value of a dime?
Seith Kniep produced the course Just One Dime. It shows you how to profit with Amazon FBA.
Let me explain what Amazon FBA is if you don’t already know. Fulfillment by Amazon (FBA) refers to the process of purchasing and storing goods at Amazon’s warehouse.
When a consumer puts a purchase on your Amazon shop, Amazon will automatically complete the order by mailing the goods to the customer. You won’t have to stock the items or manage the logistics yourself.
Seith Kniep states that everything he teaches in this course has been tried and true by him, so what can you expect to learn in this course?
You’ll discover how to locate and sell things on Amazon from start to finish. However, I discovered that this course does not teach any hidden tactics. There are several courses that teach the same material.
There are over 200 training videos that will walk you through every stage of the process of making money with Amazon FBA. The training videos are straightforward.
There is also a private community where you can ask questions and engage with other students, but it isn’t that useful. They’re your rivals, and they have no interest in seeing you thrive.
There are also 3 hours of live weekly coaching workshops, which are not organised at all. It’s like a random Q&A session without any structure. So I don’t find it valuable.
One-Dollar Pricing
It costs a lot of money to buy Just One Dime. It is, in my opinion, expensive. It’ll set you back $1,997.
You have the option of selecting a payment plan, but it will be more costly. You must make three $597 payments. If you pick this payment option, you will also be denied access to hot product ideas and supplier information. As a result, you are compelled to make the one-time payment.
I’m not going to put $1,997 into Just One Dime.
Pros and Cons on a Dime
Pros
- This course will teach you the fundamentals of Amazon FBA.
- The videos are simple to comprehend.
Cons
- The course is overpriced. There are other less expensive options.
- A lot of the material presented in the course may be available for free on the internet.
- Because of the fierce competition, it’s tough to produce a substantial amount of net profit on Amazon FBA.
- To start an Amazon FBA company, you’ll need a lot of money.
- The private community is ineffective.
- After you enroll in the course, there are some upsells.
Is Amazon’s FBA Business Model Right For You?
Seth Kniep withholds a lot of information from you because he wants you to enroll in his course. As a result, he only tells you good things about Amazon FBA.
Due of the tremendous competition, I believe that most Amazon merchants’ profit margins are at most little better than 10%.
In truth, beginning an Amazon FBA company requires tenacity and dedication. It’s a lot harder than you anticipated.
I don’t advocate the FBA business model for the following reasons: A high initial expense is required for an Amazon FBA operation.
You’ll need at least $15-20k to start an Amazon company. Product samples and inventory, labeling and shipping fees, product launch services/pay-per-click advertising, and Amazon Marketing Services are all expenditures that must be paid for. 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 must deal with a slew of mundane activities on a regular basis. 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 needs minimal time and commitment, this procedure is much 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 want to develop a one-of-a-kind 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 the quantity, manufacture might take anywhere from 1-2 months. After then, it takes two weeks to ship and pass customs before arriving at the Amazon 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 in order to attract more clients, other merchants are driven 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 unfavorable feedback, and sales suffer as a result. 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 the game “Just One Dime” a rip-off?
I can’t argue that Just One Dime is a rip-off. At the very least, I don’t have any proof to back up my claim. However, this does not imply that I endorse it.
While Amazon FBA is beneficial to certain individuals, it is not suitable for everyone. In marketing his course, I believe Seth Kniep is overpromising people. The majority of students do not earn any money.
Also, starting an Amazon FBA company is dangerous since you’ll require a lot of money to acquire items and advertise. Because there are so many vendors on Amazon, you will face stiff competition. You cannot charge a greater price than your rivals; otherwise, you will not get any orders.
Actually, as I already said, making money on Amazon is difficult anymore. If it’s so successful, Seth Kniep has no need to spend most of his time marketing his online course rather than growing his Amazon businesses.
As a result, I don’t advocate using Amazon FBA at all; instead, if you want to earn money online, I have a better advice for you.
I’ve been able to generate a 4-5 figure monthly passive income thanks to this superior option. It’s legitimate and long-term.
If you want to learn more about it, continue reading to the next section.
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Is There a Better Way to Make More Money Than Spending One Dime?
Whether you’re new to internet business, you may ask if there’s a better business model that doesn’t need any upfront investment and can be done as a side job.
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’d always choose for the lowest-risk business approach. 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 best way to join Wealthy Affiliate?
Wealthy Affiliate offers a very straightforward price structure. There are two levels of membership: free and premium.
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.
You may subscribe to the Premium Membership later if you want to be the next success story and get the most out of Wealthy Affiliate.
After that, you’ll get full access to everything without any upsells.
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