If you’re recently getting into the business of selling things online, you may have ran across something called “The Wholesale Formula”. Before you sign up for it, it would be worthwhile for you to know exactly what you’re getting into because it is a pricey service, and not everyone is going to find value in it.
What Is The Wholesale Formula?
In essence all The Wholesale Formula is a business course (see lowest price) teaching you how to make money from buying directly from manufacturers at wholesale prices, and then reselling them on Amazon for premium prices. It’s not a new or innovative in terms of what it does. That being said, it can be of benefit to those who don’t know how Amazon’s third party selling works.
The idea behind this model is to allow you to sell name brand items at competitive prices.
Since it specializes in one retail website, you might find that it doesn’t hold any value for you if you’re planning to sell on other websites.
As previously mentioned, this course can teach you how to navigate the Amazon third party program in a more efficient way. Amazon doesn’t make it easy for new sellers to get started because their interface isn’t that streamlined and obvious.
It’s a very in depth course that will leave you fully knowledgeable of the ins and outs of reselling wholesale items on Amazon. There are 6 modules with 90 videos in total. It will take you from getting started all the way to growing your established business. The courses are very comprehensive, and there will be little confusion once you reach the end of it.
If you do have questions, you’ll have access to The Wholesale Formula Facebook (now Known as Meta) group “The Wholesale Formula Alumni.” There will be former students and current teachers of The Wholesale Formula. You would be able to ask them questions if there was something you weren’t quiet understanding.
A big pro that most people who are serious about reselling wholesale items on Amazon is the discount you would get on essential software like Jungle Scout and Tactical Arbitrage.
If there are more questions even after being at the Facebook group, you will have access to over 10 hours of replayable footage from the webinar series.
This could be a pro or a con depending on your financial status, but the course itself is fifty American dollars. This is relatively cheap compared to other webinars that you’ll find on the internet. Some webinars can cost upwards towards two-hundred and fifty American dollars. This coupled with the previously mentioned discounts leads to a very financially sound investment.
TWF doesn’t sell itself as a get rich quick scheme. This is a good sign that the product takes itself seriously enough to stay grounded in reality. They’ll not make any promises that you’re going to succeed if you try hard enough. This is a cut above other webinar series’ on the internet. The people over at TWF are serious business people, and they aren’t going to treat you like a hapless customer looking to make it to the big leagues overnight.
You’ll gain access to knowledge that will allow you to carve a niche out for yourself on Amazon. Although this is a hard thing to accomplish, TWF is a great big step in the right direction. If you have the dedication, you’ll be able to make a sustainable career from following the directions outlines in TWF.
This review isn’t written by an affiliate of The Wholesale Formula. Most of the reviews that paint The Wholesale Formula in a positive light are written by people who have an incentive to possibly mislead you on the effectiveness of the program. This is a huge negative that should be taken into consideration before signing up for the program.
Most of the items you’ll be trying to sell on Amazon are probably already over saturated on the market. The Wholesale Formula will forgo telling you that fact in order to get you to sign up to their program. Does this make them a scam? No. While their course has actual business models laid out, those business models will be very hard for the average person to get working.
There’s absolutely no guarantee that you’ll be able to build a relationship with a brand seller. If you’re not able to build a relationship with a brand seller, than this exercise will be essentially useless to you. The owners claim that they can teach you how to build relationships with brand owners, but the truth is that there are very few new sellers who are capable of talking a brand seller into selling them products at wholesale prices.
You may not find the skills valuable if you’re not going to stick with Amazon as a main source of income. This program is exclusively set up to cater to people who want to sell wholesale products with Amazon’s third party selling software. Some of the skills you learn can be applied to other aspects of business, but most of it is going to be directly involving Amazon. What works on Amazon may not work on another site, and vise versa.
The Wholesale Formula is a reasonable product that is only suited for certain types of people. Although it’s definitely not for everyone, it is most certainly for those who are able to self-motivate and stay dedicated to their craft. If you’r an entrepreneurial type looking for some place to get started, I could definitely recommend this product to you. If you’re just looking to make some money on the side, then I don’t think this product is right for you.
TWF and the skills you learn in it are for people who want to make a career out of being a wholesale reseller, and it should be treated as such.
After reading all of this, you should have a fairly good idea of what to expect from The Wholesale Formula.