Is This E-commerce Business a Good Idea?

[@phantomfpss]

I totally get Ramsey's point, there are a lot Course Guru's scammers out there that they make you think they are expert on certain topic and how they got rich doing it, but in the end, is the Course Selling Business that got them the real money. Becareful, even if it's a $ 1K investment

[@stevennakhla7803]

Like Dave right?

[@HaggisMuncher-69-420]

@@stevennakhla7803 OOOOFT

[@crackerbex]

Why would you take e-commerce advice from a guy that did real estate?

[@Aggie4life77]

If it’s too good to be true, it probably is! This will never get old!

[@MrCoxmic]

Sounds like, "I have some essential oils that if you sell then you will make tons of money and change the lives of your friends and family."

[@arthrodea]

PS - its snake oil!

[@flyingpotato1628]

The best way to start on e-commerce or drop shipping is to start getting influence and being popular in social media,so this way you will have a way to promote the products and would find more buyers ,but if you are not very popular in social media and don't found a good way to first promote and find your customers your e-commerce or shopify and others online businesses will never work if you don't promote them first which is kind of hard to do

[@jordanhoman0212]

Dave's right... this really feels scammy, but it could be an honest software company. Probably best to start out without the software if you can; Do what the software does yourself, then, when you know this job works, look to see if the software will increase your revenue more than the software costs.

[@redcomic619]

Private labeling on Amazon can be a profitable business. I make about $1k per month with one product, but this caller is likely in over his head. $1000 will NOT be enough to launch a successful product once you factor in shipping, PPC, etc. If you’re considering Amazon FBA, please DO YOUR HOMEWORK because these gurus are NOT teaching you for any reason other than to make money from their courses/software.

[@animalevictionservicesllc4391]

I only advertise one of my products on amazon and I have the budget way lower than they recommend. I make 5-8k a month so far. I started with a 5k investment. It can be good but it needs to be something you are passionate about and know alot about

[@EarlBalentine]

That's correct

[@JaimeeMarieP]

@@animalevictionservicesllc4391if you don’t mind me asking, what category is your product in?

[@haam7831]

@@animalevictionservicesllc4391what was your 1st winning product

[@goodwebstuff]

If you have 10k sitting around. Testing ten 1k business ideas is a good plan. If you don't have an income to cover your expenses, it's a little different story.

[@bradleymaravalli2851]

I'd rather do this and learn has I went. Rather than constantly invest in learning what to do and never actually doing it. Everyone needs to do both. Run a business and learn how to better run it as time goes by. You grow as your business grows. :-)

[@clkou]

Here's the crux of the problem: people who have legitimate ways to make money easily don't typically share those ideas even for money because typically that cuts into their bottom line. Think about it: if you had some kind of money making machine then why would you want to share it?

[@JoeyTheBeaster]

Not many people are going to take action.

[@onfeetnation]

100% agree. Why would they build their competition?

[@victorramirez7343]

You’ve got a great point there , you seem like a very business oriented person do you currently own yo A business if so would you care to disclose?

[@go_to_isaac]

In the case of the e-commerce business I am in, Amazon only allows for a household to only have ONE Amazon store and seller account. So, the company I chose to automate my Amazon account gets a small percentage of my profits every two weeks. Since they can't have hundreds of store/accounts, they rather manage and scale other peoples stores/accounts to get little profits from hundreds of accounts. That is the incentive for them to use the strategies they learned and developed to grow other peoples stores.

[@pengy5340]

Bullshit I started with £1.5k n making 5k per month 3 years later. I help everyone I can I’ve even created a document trying to help mates n people I meet all for free. I won’t share my products though haha

[@flippatheshippa]

I do e-commerce it’s not really what you think it’s kind of more like good side cash but it really isn’t that hard if you can find a way to make a ton of sales a day and have a reliable supplier with a big supply it could be a very profitable business but I mean I can invest in my product but it might take me a couple weeks to even a month to sell it all probably making about 2-3 sales a day so e commerce is all about how much sales you could get in a day and your supplier and your marketing it’s a lot of things and sometimes you work very very hard for a small reward but if you could master getting a good amount of sales a day like about 10-20 (which is difficult) it could be a very profitable business and you could most definitely be self employed I’ve been doing it for about a year and I’m still not at a level of making money at a normal job which gets me discouraged sometimes but I am just going to keep on grinding and trying and saving up cash until I could actually make some real scratch

[@OGtrushalpatel]

How you did you learn everything to start your business? Did you buy someone’s program?

[@flippatheshippa]

@@OGtrushalpatel no I didn’t start with any program I started by selling all of my old stuff I didn’t use and made about $400 then I started buying and reselling phones on offer up I would lowball people and then resell them and keep the profit. And then it led to me buying phone chargers in bulk from sellers online for about $10 a set for a cable and adapters and then selling them individual sets for $15 to $18 i do mostly electronics because they sell fast and I like it but you could really find whatever you want to sell and make a decent profit on it

[@svgstudios831]

@@flippatheshippa are you working with amazon?

[@kelseykjarsgaard5774]

Some people make life changing money it seems

[@gerardotenorio248]

@@kelseykjarsgaard5774 it all comes down to how much time you put into it Ive been studying e commerce for a bit i went to a e-commerce seminar a few years back and it didnt really interest me felt scammy but after doing some research recently i wish. I would of researched it earlier. Paying someone for a software to fo this is pretty dumb when you dont need it to start but you can get good money from it if you put time into it also knowing what youre doing

[@russelljconquerslifehawkey]

This guy got slayed by a salesman

[@Mmvexxx]

Amazon should only be a channel for sales. Best thing to do is to build your brand. Yes it is a ton of work and results aren’t overnight but it’s better than buying into some guys idea

[@AlvandaHQ]

4 Secrets: 00:28 💼 Consider starting an e-commerce business, but be cautious when white-labeling products on Amazon. 01:09 📦 Make sure your business idea aligns with your passion and interests, not just the potential for profit. 03:03 🧐 Be cautious about "get rich quick" schemes and thoroughly research any business opportunity before investing. 05:07 🤔 Seek advice from experts and industry professionals outside of the person selling you a business idea or system. 07:23 💡 Avoid falling into layered or complex schemes that require continuous payments without clear benefits.

[@JasonAThornberry]

I've done FBA before and it was a mistake that lost money every month. I don't regret it since it was a learning experience, but wouldn't recommend it either.

[@pengy5340]

Doing it wrong brother

[@JasonAThornberry]

@@pengy5340 wasn't for me

[@sami-9233]

2:00 both hosts turning their heads until neck pops

[@austinmengarelli7269]

1:52

[@randallanimal]

Chiropractor visit is what they need - I'm in the lobby of one right now.

[@lashandashirelle4478]

😂😂

[@Scarface_445]

Everyone’s saying “do it it’s only 1k”, the guy had a broken leg and said he hasn’t dipped into his emergency fund....yet. This is a bad idea, especially since he bought a get rich course

[@LifeofKairo]

I recently bought an e-commerce business as I wanted to get involved without having to make the rookie mistakes myself. So far it's one of the best financial decisions I've ever made.

[@morm2173]

I want to buy one as well , how much do they cost?

[@NickSiebecker]

what business did you buy?

[@jamalshanticosmetics]

I think it all depends on what you do and the risks you're willing to take

[@LifeofKairo]

@@morm2173 That varies a lot - it depends on loads of different factors that you can negotiate on with the seller. I use a multiple of EBITDA (earnings before interest, taxes, depreciation and amortization) to figure out how much the business might be worth

[@LifeofKairo]

@@NickSiebecker A holding company with several e-commerce brands mainly in the health and fitness niche for women

[@taylorsmith9629]

3:30 I love when people pretend to not understand what they are saying in order to buy time to think of a better answer

[@michaelhigh8336]

There isn't enough profit for the caller. After paying Amazon, the salesman, and taxes, what money is left over.

[@redcomic619]

Not much. $5-10k is more realistic for launching a product.

[@philipwindowcleaner]

Could be rephrased as “just wondering if it’s a good idea Dave to sign up for scams?!?”

[@JackofAllTrades357]

You was scammed bro smh, you can definitely do this by yourself without his software

[@MrGeoSim]

A lot of these get rich quick schemes bear remarkable resemblance to cults.

[@MillionaireMindsetClub]

Spending just $1000 to test a business idea is worth it, go for it!

[@Scarface_445]

He basically is contemplating dipping into his emergency fund. He has a broken leg so who knows if there’s income, I think he should DEFINITELY consider not doing it.

[@RealChadSkeen]

@@Scarface_445 I agree

[@kathrynrl91]

@@Scarface_445 He literally said that he would not be dipping into his emergency fund that he has the cash to do it.

[@pengy5340]

Every product I do right now I risk 10k 😂😂

[@teshastips]

I'm really interested in this...I do Financial coaching and I have people ask me about e-commerce all of the time.

[@kimh3905]

My 2 1/2 year old granddaughter just told her mommy “look mommy... I have these cards, I like these cards but I’m going to sell them and make money”

[@bradleymaravalli2851]

Alex, I'm sorry to hear, but it sounds like you've paid more in setting up a business than running a business. I've been there before. The easiest way to get a business together is to start small. Have a product or service you believe in and fills a need in the marketplace. Start with one product, one service... finds clients/buyers... and continue to grow it from there. Ship the products yourself. And never buy too much in inventory (says $100 to get started). Little by little.

[@KameaPrimacio]

Bro got sold a course 😂

[@yellowgreen-hj9rq]

if everyone has an mba, drop ship, or ecommerce, whose the customer?

[@henrywhite6553]

The software and curriculum the guy is selling probably has useful information but you can learn the info and how to run the business for free on KZbin. E commerce can be very lucrative but do research from different sources.

[@tiffanywebb1978]

I am a third party seller the software is only a portion of running the business- it is a very real opportunity to build an asset it is not a get rich quick!!

[@taylorsmith9629]

Which software?

[@djpuplex]

Udemy has a highly rated course on there website buy a guy who verified does this (spoiler for most people this is not at all lucrative) for like $10 on sale.

[@r.4169]

You the man Dave 👏🏽👏🏽

[@alicejohn-lf5kd]

Nice Video. But I need some clarification. Do you know any tool for how Real-Time Profitability Analytics calculate for Ecommerce?

[@Ratkill9000]

I'd be a bit weary of it.

[@youngnick1800]

Scared money don’t make no money

[@Scarface_445]

@@youngnick1800 that’s a false premise. ✨Risk Managment ✨

[@OGaurabless]

sounds like a bad idea, drop shipping is kinda the new mlm ppl sell the educational materials more than actual products

[@LizaLavolta]

It's really not. There are so many people with lucrative e-commerce businesses. It works if you work it.

[@taylorsteinseifer1143]

Sounds like Fred Lamb and drop shipping.

[@ilikelittlejimmys]

Who even falls for these KZbin business gurus. Seriously? Clueless people getting robbed of their money.

[@rosssandeman6883]

Dave Ramsey doesn’t seem to know a lot about this if I’m quite honest

[@deepsingh5552]

I'm assuming the software is Helium 10... the software is great and very valuable, but I've never found value in the gurus and programs they sell. you can get everything you need from the software and free youtube videos

[@jasonking469]

I’ve come to a conclusion that everything is a scam other than selling your own product or investing in products with your own money .

[@BrandonMinguez]

He bought a course and is paying for a membership. If he makes it profitable AND enjoys it, then good for him. If he's chasing money, that won't end up well.

[@LiquidRetro]

So similar to an MLM

[@BrandonMinguez]

@@LiquidRetro Absolutely

[@tristankaraman2154]

Have a great day

[@thedaveramseyshow1426]

W

[@fernandovalenzuela5771]

You as well 🤙🏽

[@robertcollins7034]

@@thedaveramseyshow1426 scammer your not Dave

[@puddles609]

The Amazon thing is the MLM for men. My husband fell for it. We lost over $1000.

[@zainilc1507]

I wouldn’t call it MLM for men... just because one product doesn’t work doesn’t mean all of them won’t. This business model has changed my life on my second product

[@harisadu8998]

If you have to ask Dave this question, you are not ready or suited to this business.

[@feliperodriguez2025]

Oh oh, no bueno....researching myself for E Commerce. I already seeing some red flags.....

[@journeytooverallwellnesswi4415]

Haha Dave Ramsey is passionate about all the shirts and stuff he sells on Amazon. Dave has made a fortune off of pretending that he is wise and stating incredibly obvious financial ideas that people pay for. I believe that Dave has made a living off of softly swindling people into thinking that he’s a financial guru

[@chasericker956]

BROTHER WHO CALLED IN. PLEASE LISTEN TO ME I SELL ON AMAZON, YOURE UNFORTUNATELY LISTENING TO SCAMMERS

[@antscott6895]

He literally never answers the question but go on to help with his views and branding of the podcast

[@scroogemcduckrich9705]

ALL BUSINESS IS HARD

[@Jajaky]

Homie getting scammed into dropshipping hahaha have fun paying that monthly subscription

[@talyahr3302]

I made a good chunk of change doing dropshipping when I was in college. It paid for Christmas presents for all my family members. But I didn't do it on Amazon. I would stay away from Amazon dropshipping for a looot of reasons

[@patrickdullea6991]

Is the caller talking about Seth Kneip i.e "Just One Dime"..??

[@jimmymcgill6778]

Spends a couple hundred dollars, to make ten's of thousands. What's wrong with that. Some people on KZbin does make lots of money off the courses. But they also make a lot of money off e-commerce. Which will teach you how to make a ton of money.

[@COINsimp2024]

Amazon dropshippers are making 300k a year in many cases.

[@taylorsmith9629]

I wonder who the guy was Alex was talking about that was selling the software

[@Neddie2k]

If you have already invested in the software, go ahead and learn the lesson.

[@Nursemidratz]

I knew he was going to say KZbin video

[@manuelestevez3062]

I know exactly who Alex is. Needs to have all his ducks lined up before he makes a move. Has to spend money on something he’s never tried. Been researching for a year. Needs a software to get started. Etc. Just do it! You know how many people have succeeded without that software and without that course and just looking at the millions of hours of free content on KZbin? A LOT. Stop paying for a course and a monthly software for something you haven’t even started. You got enough info to start. Failure is the next step to learn. Go get it Alex!

[@russelljconquerslifehawkey]

He doesn’t even know what the product really does

[@trancendental5373]

Every business guru running ads on KZbin is a fake. Every one.

[@brandon20904]

got him

[@poprockssuck87]

This guy sounds clueless, but everyone starts somewhere. However, there's too much free content out there to start out by investing large amounts into training tools. For example, instead of buying a year long gym membership on a whim as your New Year's resolution, see if you have enough discipline to do 50 push ups a day for a month.

[@hummerguy]

Agree 100%

[@0neofthem]

This guy sounds like he wants to get rich quick. Those KZbin videos that advertise “Amazon Automation” come off as so scammy.

[@andrecorniel7671]

Dave ramsey smart comments as always , i will talk about this bussines on my youtube channel soon , what the people think about e-commerce ?

[@vee2841]

I learned everything and took one course on bundling. My business is a side-hustle, I’ve made 50k with 25% profit margins. Don’t pay for these courses.

[@taylorsmith9629]

What you selling?

[@vee2841]

@@taylorsmith9629 I sell primarily in health and beauty, some grocery, water bottles, school supplies, etc

[@tonywithdauzi8146]

@@vee2841 please show me 💀

[@supremegamer3679]

Hey bro, do you think it’s too late to get started?

[@MaleahsDiary]

I LOVE DAVE BUT... GO FOR IT MR. CALLER! Amazon business can be very lucrative.

[@Beissi-nb9hi]

Still broke?

[@wetinglivehd]

Anthony needs Justin p.... he gives you free advice on E Commerce... brah

[@jeffreywhitaker5154]

sounds like mlm.

[@oaoskey6051]

nice

[@thedaveramseyshow1426]

W

[@darktimber117]

Same pyramid, different scheme.

[@rapazitul]

why is it so difficult for Americans to express themselves nowadays? I always see, regardless of the video I'm watching, that the vast majority can barely connect two words, and in addition, they use a lot of onopatopoeia. is it because they read too little?

[@romancanales573]

Sounds like the life program in a different package 🤣🤣🤣🤣 stick to detailing my boy

[@oopsisolditagain4191]

If the caller sees this reach out to me. I'm in ecommerce

[@KevinJourney88]

That true . All of people don’t made moneys E-commerce they sell class to made moneys. Wake up . Used your moneys to test theirs products?

[@antscott6895]

Just say yes or no

[@saelaird]

You can do everything you need to on Xero. These folks looking for shortcuts in life won't get anywhere.

[@RickyBobby213]

Sounds like Than Merril

[@nehemaialord2653]

lol everyone is selling a course....even dave ramsey

[@karmajamtsho8334]

Hello all We a country from Bhutan in Asia got scam from e-commerce company named puth group claiming that are are legalized and have headquarter in Colorado, USA. This incidents occured recently. Plz someone help to catch that suspect and return our money from innocent people like us. We ll be really great to your human kindness.

[@jaamim]

We can do all things in Christ

[@As_Sulay]

1:07 📋

[@JoeL-dp1ej]

Yet another example why you should do the exact opposite Ramsey says

[@NoraConrad]

Amazon is tricky. If you don’t have experience in e-commerce or FBA or logistics, you’re probably going to lose money.

[@toddblackburn6302]

Dave is more likely to tell you how to slice your pie in smaller pieces than how to grow it

[@taylorsmith9629]

How do? Examples?

[@Enormous866]

Does the other guy ever get to speak?

[@BasicBeachCommunity1]

these dudes. Crooks. Pay me to pay me more, to keep paying me for eternity.

[@bjduncan9704]

Who care what these Guys say. Follow your gut. What are they offered besides an opinion

[@sami-9233]

Out on ideas at Ramsey Solutions, since this is hardly an amazing topic?

[@paulkatz2483]

Sounds like the Four Percent Group to me :/

[@theonlythingtheyfearisme3816]

ı just heard you know, you know, you know and you know hehe

[@a.m.doesit9347]

you guys are making it too complicated just stick to beans and rice

[@jstyleent]

lol this guy talking about jungle scout or helium 10 or something. Sorry bro, this amazon game is getting saturated. Be careful with this business.

[@bcyc2004]

Man he fell for a BS scheme

[@CoffeeTXqueen]

Snake oil

[@richardl6188]

Sounds like a Mutli-Level Marketing business, which takes a lot of work to recruit others to the "business", unless you're passionate about it like Ramsey says.

[@papajohn8652]

How’s the lawsuit coming along? Lol

[@luisquinones6998]

I think that is called: KZbin’s Charlatan

[@MsCristina38]

This guy is absolutely clueless in business.

[@johnmirbach2338]

😁✌👍👌🖖😎

[@pengy5340]

I watched a KZbin video and got into Amazon with £1.5k just for the money. 3 years later making around £5k per month and obsessed with e-com. Fuck what this guy says you can do whatever you put your mind too. You gotta risk shit this guy knows nothing about e-com

[@Cheese_Head94]

Ramsey is like 100 years old he doesn’t understand. I have 2 friends and 1 made 80k last month and the other made 140. About to start mine

[@And1one757]

Ao sounds like a 🦜 parrot on daves shoulders repeating everything dave says