Tom Wang’s Single Product Profit System – like most Amazon FBA programs – wants you to believe you can build and run a successful e-commerce business that’s automated, profitable, and generates cash around the clock in less than 90 days…
With just a couple hundred dollars in inventory…
Sounds a little too good to be true, huh?
Look, as far as most online businesses go, you could do a lot worse than Amazon FBA.
But does that mean it’s the best solution for you?
That’s what we’ll find out in this Tom Wang review.
The biggest things you have to consider here are:
- Inventory Management
- Product Selection
- Time to Profit
While you can make good money with Amazon FBA, it’s not as easy or simple as most course creators make it sound. Let’s break these 3 down real fast:
1) Inventory Management: If you’re doing an FBA business, the promise is that you don’t need to worry at all about inventory, because Amazon takes care of packing, shipping, customer service, etc.
However, you still need to get products to Amazon. And Amazon has very strict rules all sellers have to follow when preparing products for their warehouses.
This includes packaging, labeling, and registering products in their system. If you’re preparing all products yourself, you’ll spend a TON of time on this step (potentially 4-5 hours a day). So if you’re looking for a passive, automated business that runs itself, this might not be the best fit.
Now, yes, you can hire an Amazon prep center to do all this for you, but that eats into your margins. And remember that Amazon takes around 30-40% in fees for using the FBA program, so your profits are pretty tight to begin with.
2) Product Selection: E-commerce is a cyclical business. “Hot” products are always going in and out of fashion, which means, as an Amazon seller, you constantly need to be on the lookout for the next big thing.
That means monitoring trends, searching for products that might be popular down the line, and constantly in a rat race to – essentially – predict the future.
Sure, you can play in the evergreen market (things people always need and buy), but how much profit margin are you really going to get on meal prep containers, rubber spatulas, and golf umbrellas? Especially when there are hundreds of thousands of other sellers all swimming in that same ocean.
And because you’re constantly hunting for new hot products to sell, that takes up all the valuable time you could be using to travel, explore, read, surf, hike, or whatever else.
3) Time To Profit: Now, this isn’t the slowest turnaround time, but if you think you can put a dollar into inventory today and come out with two tomorrow, you’re sadly mistaken. From the time you first buy products to sell, you could be looking at anywhere from 4-12 weeks before you see a dollar come back.
And it could take twice as long before you break even.
Now, that’s not terrible, but what if you could start building a different (non-Amazon) income stream today, and see your first profits tomorrow?
What if you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Inventory
- Low margins
- Constantly looking for the next hot product
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day packing, prepping, and researching?
If that sounds like something you’d be interested in, check out Digital Landlord.
However, if you’d still like to know more about Tom Wang, keep reading.
What Does FBA mean?
FBA, or Fulfillment by Amazon, is a service offered by Amazon to help small businesses sell their products.
FBA-only Amazon fulfillment centers receive products from companies for delivery to customers.
Amazon then receives, picks, and packs the products in the center before shipping them to customers. After the sale, returns, refunds, and customer service are also handled.
What Is Amazon FBA Business?
Having an Amazon FBA business means that you can select the products you want to sell, find a supplier and order the products, package, and ship the products.
Fulfillment Centers, which are spread across the United States, are where Amazon stores and fulfills customer orders.
Being an Amazon Affiliate is not the same.
A seller can learn a great deal about Amazon FBA, but there are some drawbacks to the business model that aren’t immediately apparent.
What Is FBA Masterclass?
For those who want to leave their day jobs and run their Amazon business full-time, FBA Masterclass will help them achieve their goal.
Tom Wang started his own business after launching his first product on Amazon in less than a year.
However, it wasn’t an easy task. Before doing Amazon, Wang had started seven unsuccessful businesses. Nevertheless, he ran into a slew of difficulties.
Wang writes:
“I’ve been in your shoes. I completely understand how you feel. I experienced both highs and lows. I have the experience, knowledge, and expertise to guide you through entrepreneurship’s rough terrains and raging currents. Understand me. I am not an expert on everything. I’ll never do it. But, to succeed, I am willing to fail. I am very willing to give back to push forward.“
In terms of cost, Wang’s FBA Masterclass is the most expensive one out there, but that doesn’t always mean it’s terrible.
What you pay for is what you get, and in this case, you’re paying for 320 modules that go far beyond the basics. You’ll also be getting advice from a seven-figure seller.
Who Is Tom Wang?
It’s no secret that Tom Wang sells much stuff on Amazon.
His goal in starting FBA Masterclass, an Amazon coaching company, was to show people how to make money by selling a single product on Amazon’s online marketplace.
Before moving to Canada in 2001, Tom Wang was born and raised in China.
Tom was an account manager in his previous job at the Yellow Pages call center.
Amazon FBA was the only venture that proved successful after starting and failing in seven different businesses. It was all about attempting and learning from failures for nearly two years.
His first sale on Amazon was in 2017. Because he didn’t know how selling on Amazon works, his first two products failed.
In his third attempt as one of the FBA sellers, he’s done well and proved successful. In his own words, Tom claims to have sold $5,000,000 worth of Amazon sales products under his own name.
Tom Wang launched the Amazon FBA Masterclass in 2019 to teach people how to sell on Amazon using Tom’s single-product profit method.
Tom asserts that he can teach you how to make millions of dollars in a matter of months with his guidance, and he starts a growing community of FBA sellers.
Isn’t selling $20k – $40k per month on Amazon easy? If so, why does Tom Wang charge so little for his FBA Masterclass?
It’s simple; his real business isn’t selling on Amazon. It’s convincing you that you can.
It’s possible that Tom Wang won’t turn a profit on Amazon. The FBA Masterclass is bringing in a lot of money for him.
Also, he’s the author of The Simple Path To Amazon Wealth, which reveals his entire step-by-step system for launching Amazon products.
What Does Tom Wang Do?
When it comes to “scaling the unscalable,” Tom Wang is a serial entrepreneur.
By the end of 2017, he quit his day job after launching his first Amazon product in January 2017.
A seven-figure Amazon brand is his now, as well as a course on how to start an Amazon FBA business for other people.
As part of Tom’s Amazon coaching business strategy, he also creates a YouTube channel to share videos of his thoughts and experiences. Tom also has an FBA Masterclass Youtube Ad over the web.
What’s Inside Tom Wang Amazon FBA Masterclass
“The Single Product Profit System” is the title of Tom Wang’s FBA Masterclass.
Yes, this FBA Masterclass will teach you how to sell one product at a time on Amazon in three easy steps.
Step 1: Selecting The Right Product
The best Amazon products to sell, according to FBA Masterclass, are:
- Under $50, compact, lightweight, and available throughout the year.
- Millions of men and women are already making this “impulse buy” every day.
- Those with less than 100 reviews and little competition.
- Products with at least 3,000 daily searches.
- Something you can buy for $1 or $2 per unit.
You will learn how to use the Viral Launch, an Amazon gold mining tool, to find the right product.
The monthly cost of Viral Launch ranges from $58 to $166. If you sign up for this service, Tom Wang will receive a commission.
If you don’t have time and dedication to complete step 1, you can hire the FBA Masterclass team to find the best products for you.
Step 2: Rock Bottom Sourcing Process
his lesson will teach you how to get the best deal on a high-quality product while staying within your budget.
Although anyone can find hot products, it is difficult to make money if you do not keep your costs low. That’s why Tom and his team will call up to 60 suppliers to get the best deal possible!
Tom suggests contacting 30-40 or even 60 Chinese vendors to get the best price for your products.
You then negotiate with a few different providers to get the best deal.
An inspection company will be needed to visit the factory and inspect the product quality once you’ve decided on a Chinese supplier.
Tom insists he never made an advance payment to the supplier. Once the product has passed inspection, you should pay the remaining 70% of the deposit.
It takes a long time to complete this task. At the beach with your family, I’m not sure how you’ll manage this.
Selling physical products on Amazon is a breeze now that you know where to look for the best deals and how to get the best deals.
Wait! The product must first be delivered to the Amazon warehouse in the United States, isn’t that correct?
Definitely, before you can sell the merchandise on Amazon, you must pay the shipping costs.
Step 3: Rank And Bank System
Once the product has been checked into the Amazon warehouse, you are responsible for putting it up for sale.
Learn how to make a product listing with images, videos, copywriting, and relevant keywords.
It is imperative that you collect customer reviews after the product goes live to raise its Amazon rating.
Product ranking can be improved by using both organic and paid traffic methods.
Organic ranking is free, but it takes a long time for results to show up in search results.
Tom is looking to raise his Google ranking by utilizing paid traffic. This is going to cost you a lot of money.
Under the “Free Product for Reviews” strategy, paid traffic can be achieved by purchasing Facebook advertising.
So you post a free Amazon product on Facebook and ask for a review in return. They followed the link in the advertisement, purchased the item, and then posted a review on Amazon. Once you’ve confirmed their order, you’ll send them an email with their refund.
This form of advertising was recently outlawed by Amazon.
I’d like to see this lesson updated by FBA Masterclass.
Selling on Amazon is punishable with an account suspension if you engage in this unethical practice to boost your seller rating.
How Much Does Tom Wang FBA Masterclass Cost?
Tom Wang’s Amazon FBA Masterclass costs $6,997.00.
The FBA Masterclass includes 320 lessons divided into 13 sections and coaching calls and bonuses.
What amount of money do you require? You will need a budget of $10,000 to $15,000 in addition to the course fee.
If you don’t have at least $20,000 to invest, purchasing the FBA masterclass is a waste of money.
Attending Tom Wang’s Amazon FBA Masterclass will not result in a monthly income of $20K or $40K. Selling items on Amazon can help you make money.
Is Amazon FBA Worth It In 2024?
FBA businesses were a simple route to wealth and the Bahamas a few years ago.
Starting an Amazon business was a lucrative way to make money quickly—everyone and their mother had an online business.
In 2022, that’s not going to be the case.
An overflow of private brands and scam artists is clogging up the market.
Prime customers’ expectations and the costs of running an Amazon FBA company have only increased over the years.
The U.S.-China trade war has done little to alleviate the situation. Because of its low-cost manufacturing, China used to be the best place to source FBA products.
Increasingly, vendors are shifting production to the United States, which has resulted in a rise in prices.
You can read FBA Masterclass Review for complete details.
Are There Alternatives to Amazon FBA
Yes, there are plenty of other business interesting concepts to choose from if you want to pursue this making money online. Here are just a few:
- Local Lead Generation
- Digital Landlord
- SEO
- Real Estate
- Website Building
Is Tom Wang’s Single Product Profit System A Scam?
So, is Single Product Profit System a scam? Not technically. You can make money with this program, but it’s definitely not as easy as Tom Wang makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month (recurring revenue)?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Landlord.
And, unlike with Amazon FBA, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Landlord.
What Is Our Top Recommendation For Making Money Online In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Landlord is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Landlord is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Landlord business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With Affiliate Marketing, you don’t really own anything. You have no control over the quality of products. You don’t even own customers.
Look at the fine print for most affiliate agreements. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Landlord, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Landlord with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with affiliate marketing, you’d have to double your traffic, double the average order size of each customer, OR double your commission rate. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
5) Make Money Helping Real People: This part is what makes it all worth it. With affiliate marketing, you’re selling the product with the best commission rate, NOT the one that’s going to improve the most people’s lives.
And that makes it pretty hard to sleep at night.
But with Digital Landlord, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Landlord, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Landlord makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Anthony Morrison which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Landlord.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Landlord.
