So you have probably seen Benjamin Tan’s ads on YouTube and Facebook…and can’t stop wondering “is Benjamin Tan a scam?” and “can he really teach you to make money online?”..
At least that’s what I will think about every time I come across similar ads, from “gurus” promising to teach people how to get their lifestyle dream.
Most of the time I will just brush off those ads and skip them but ever since Covid happened, the ads just..won’t stop serving.
And I knew I just had to dig a bit deeper into all these new “online gurus”.
So, for today’s review, it will be on Benjamin Tan and his online course called AMZ Elite.
But before I start my review, just a quick disclaimer that I’m by no means associated with Benjamin Tan nor any of his courses. I’m not profiting in any way should you decide to get his course.
This will be my honest and unbiased third-party review.
Now, without further ado, let’s get started!
Is Benjamin Tan a scam? Here’s the truth…
Here are what I’ll be talking about Benjamin Tan in this review:
- Who is Benjamin Tan?
- Benjamin Tan’s Courses Overview
- Is Benjamin Tan A Scam? Should You Trust Him?
- Is Amazon FBA Still Worth It?
- A Better Money-Making Opportunity For You
Fake Guru Red Flags
Before I start with my review of Benjamin Tan, I want to share the video below on how you can detect some red flags from online “gurus” out there.
The red flags don’t necessarily mean that they are all scams, but you might want to be careful with the courses that they offer.
Who Is Benjamin Tan?
Benjamin Tan is online guru from Singapore, teaching people on how to create their own profitable Amazon FBA business.
Amazon FBA business isn’t necessarily a new thing but perhaps the wave had just reached a new ‘nother level with the pandemic going on and people losing their jobs..
Benjamin Tan started the Amazon FBA business back in 2017 and had tremendous success in generating over $1 million sales in less than a year.
One thing you should know and be aware of is the fact the figures given and marketed to you will always be in a sales figure.
Meaning that we won’t know how much exactly is the net profit that Benjamin got or any other gurus out there for that matter…
So take the figure with a grain of salt and stop dreaming of getting $1 million pocketed to your wallet after a year.
That said, it doesn’t mean that $1 million sales isn’t successful.
Not many people were able to generate such high volume of sales.
In early 2020, Benjamin Tan along with other online gurus co-founded the company LeapVista and produced courses pertaining to making money available to people like you and me.
On paper there’s really nothing wrong with LeapVista and the classes that they teach. And this goes the same with Benjamin Tan too…..
..until there was a scandal about him taking down a YouTube video for calling him out.
I’m not going to go into that in detail because there are many other publications already covering the topic.
What I want to share with you more is the course that Benjamin Tan is teaching – Amazon FBA, on whether or not the course is worth its steep price tag and whether the business concept is actually a good one to start.
So let’s go and have a quick look at what you can get from his Amazon FBA course.
Benjamin Tan’s AMZ Elite Review
AMZ Elite Masterclass, priced at $2,000 is a course where you can sign up to learn more about building an Amazon FBA business.
If you were to go through LeapVista’s website, you will be able to get his free webinar – where like many other online courses is a marketing tool to sell you the real course.
If you’re new to the business concept and you would just like to listen more on what the business is all about, by all means, you can go ahead to watch the free webinar.
You will definitely learn all the basics that you need to know to run an Amazon FBA business.
But, if you would like to learn more in detail and more Amazon FBA hacks, there are other courses out there that can give more steps in detailed like the one from Beau Crabill.
Beau Crabill has also moved away from doing the Amazon FBA course. I suspected that he knows the concept is no longer the most profitable to do in 2021 and especially during the pandemic where Amazon wants to prioritize essential items only.
I will share more about my thoughts on Amazon FBA business below but before we get into that, let’s answer the question of the day.
Is Benjamin Tan A Scam? Should You Trust Him?
Nah, Benjamin Tan isn’t a scam. You will still get the lesson and value from his course once you pay for it.
He’s not going to run away with your money.
That said, with that steep price of a course, there are other more affordable courses that you can get to learn more about the business.
You can also actually go to YouTube to learn more about the business concept and learn more about the pros and cons before giving Benjamin Tan your credit card details.
There are a lot of risks when it comes to Amazon FBA that you need to know, which Benjamin Tan has failed to disclose.
On top of the $2,000 course that you need to pay, there will also be a lot more costs that you will need to prepare for.
I’ll go into this in more detail below.
Is Amazon FBA Still Worth It?
1) Large Upfront Capital
Paying for the $2,000 course is one thing.
But you also must spare some money to pay for the orders that usually have an MOQ (minimum order quantity), extra money to pay for the shipping, branding or white labelling. And that doesn’t include the brand logo that you will need to create.
Once you get into Amazon FBA, you will need to pay for the handling fees for every sale you generate as well as the state taxes.
Also, you will need to think about the advertising budget that you will need when you first get started. This is key for you to penetrate the Amazon market.
If you don’t have at least $15,000 to spare to create this business – that you honestly won’t mind losing, this might not be a “side hustle” that you want to get into.
2) It’s VERY Complex For Beginners
If you’re a beginner with no business background, this business model can be extremely complex.
You will be dealing the inventory and you will need to figure out the optimum number of inventories to be in hand, when exactly you’re going to be profitable and when to place the next order.
You need to prepare those numbers since you need to consider the shipping times etc.
Apart from that, you will need to equip yourself with different state laws. Different Amazon warehouse will have a different state law depending where they are located.
It is one of the reasons why Amazon FBA can be extremely tedious for beginners to start.
You will need to spend a lot of good hours every day to handle this “hustle”.
3) High Competition in Amazon
Amazon is already very competitive. For any good products that are listed on Amazon, Amazon as the company will also create a similar product with a cheaper price.
Therefore, you won’t only competing with normal sellers, you are also competing with Amazon.
And Amazon products will come first in the listing 😊
So, if you’re new, you probably won’t get to price your product very high and that in return will lower your profit margin.
Which will be difficult for you to continue scaling the business.
4) It Takes Time
First, one thing you need to know is that nothing good comes quick. No matter what side hustle you do.
Unless you just do online surveys.
But with Amazon FBA, you will be spending a large capital and it will take a long time to get that money back and turn profitable.
Your cash flow will flow slowly when you’re first starting out.
Since you will be putting money today to order those products and it will take weeks for them to properly being stored in Amazon FBA.
Even when your cash flow starts flowing, it doesn’t mean you will become profitable right away.
To me, the whole business model with Amazon FBA is not only very risky, but it also takes a lot of time to manage.
Which is something that I’m not a fan of because when I first start side hustling, I was still in my 9 to 5 and I don’t have that much time to spare every day to handle the business.
I’m sure many of you can related to this.
I want to find something that’s more stable and something that will generate income passively to my wallet.
And that brings me to the next section.
A Better Money-Making Opportunity For You
If you are still in your search of trying make consistent income online, you want to learn more about affiliate marketing.
There are a few reasons why this will be the best opportunity for you when you’re just starting out:
- You can start for free (using my #1 recommended platform)
- You don’t need to pay for any expensive tools or software
- You only need to work on this a couple of hours a day
- You don’t need to start creating products
- You don’t need to “hack” anything
- You will learn the organic and sustainable way of driving traffic
- You don’t need to worry about customer support etc
- You will still be able to earn from whatever that you’re building today 10 years from now
If you are interested and want to learn affiliate marketing the right way as a beginner, I will really recommend checking out my #1 recommended platform here.
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In fact, you don’t even need to put down your credit card details.
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Affiliate marketing is a business that is still giving me income today from something I’ve built and haven’t touched in 3 years.
Can you see how sustainable that is?
But just how much can you earn from affiliate marketing?
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