You’ve probably seen one or two of Sebastian’s ads pop up recently haven’t you… Where Sebastian claims to change your financial future for good.
Well, by “Ethically Stealing” his $1.3m Business of course… Sounds like a fair trade
& although no review is ever truly unbiased as it’s still based on your opinion… ummm, interesting point… however…
My fav online biz model is still Local Lead Generation. It’s helped me achieve a truly passive income – consistently…
If you want to find out more about how I generate $23K of passive income per month, please feel free to click on the link.
But for now, let’s get back to Sebastian’s course & see if Ecom Profit Lab will give you the financial freedom you deserve.
1. What is Ecom Profit Labs?
With over 100 videos, “The Ecom Laboratory” claims to show you everything from choosing a name for your brand, building your store, advertising products, optimization & finally scaling your winning campaigns.
Most of the videos during this course is Sebastian recording his home screen & showing you how he operates his business…apparently this qualifies as theory & practical training
In the opening module, you are guided through step by step how to create your store.
You learn how to select your brand name, how to open your Shopify Store and account, how to edit your store settings and basic tips for working with the platform.
It’s a pretty basic module on how to build a store. That being said, for obvious reasons this is a fundamental & important module…can’t be in the dropshipping game if you don’t have a dropshipping store
So, here’s where this course differs from most dropshipping courses out there… (& there are oooh soo many) …Ecom Profits Lab primarily focuses on building a one product store.
This module is all about Facebook Advertising.
Learn how to market the product you identified earlier for sale. You’ll also be taught how to effectively target the right audience for your product.
Sebastian decided to focus exclusively on the usage of the “Audience Insights” tool for the above. This is a free tool & relatively easy to use – even noobs won’t have too many issues with it.
Videos in this module will also explain some split testing strategies & the processes involved finding that target audience for your products.
Here you learn how to actually set up a Facebook Ad campaign from scratch & you’ll learn some strategies to structure your campaigns effectively.
You will be using the data that you acquired in previous modules, like audience targeting, to ensure you get your products out in front of the right audience.
From there you’ll learn how to write the ad copy, how many days to run an ad for, etc.
You’ll learn how to improve your ads & ensure they deliver at maximum capacity. You’ll also be shown how to read the data collected & then how to apply this…in other words when to scale an ad & when to cut it.
Sebastian will teach you how to understand where your sales are coming from …as in mobile, desktop & the specific audiences etc. & why the sales are coming from these areas. Videos in this module teach you how to understand the numbers & make decisions based upon this.
Note: Sebastian clearly states that constant action & execution will be necessary… so basically same old story… you will need to run ads, & lots of them, for this to work.
Here you’ll be shown how to scale your ads once you start making sales on a certain product. The idea is that you will spend more to earn more once you know you have a product people want.
Videos in this module are short but do show you what to look for & signs that a product could make your more money.
2. Who is Sebastian Gomez?
His goal is to help people around the world grow their online businesses through principal-based marketing strategies.
Through this process, he realizes that he can still make money without working for someone.
He decided to find a way to make money online – by using every keyword search on Google… Classic.
He ended up starting off in Affiliate Marketing - which took him a year to make his first commission of $49. That takes some doing, personally I think many would’ve thrown in the towel long before that.
But he stuck with it & at the end of his grade 11 year, he was making $1,000 per month.
On his first week, he made $100 a day, in 3 months he hit $1,000 a day & within a year he was able to make $10,000 a day - & all with Facebook Ads.
And so started the ecom journey of Sebastian Gomez…
Although young & clearly successful, he’s not your fancy “Lambo Guru” but actually really down to earth, which I found super refreshing.
I’ve watch a few of his YouTube Video’s & they’re pretty good…you can actually pick up some good tips & there’s some useful tutorials. Worth a look.
3. How does Dropshipping Work?
Instead, you choose products that you want to add to your store from a third-party supplier like Shopify or AliExpress.
With dropshipping, the manufacturer is in charge of making the goods, carrying inventory, and shipping products to customers across the globe.
You also need to make sure that the orders get through to your dropshipping suppliers from your customers.
4. Is Dropshipping Legit or a Scam?
We’ve all seen the pictures & heard the horror stories… But what to believe? Interested in knowing more about Berghain Club? Check them out.
Honestly, I think that the majority of the dropshipping community is above board…
Well, that’s considering they spy on each other; present their stores in slightly deceiving ways, while charging clients way more than what they should’ve paid if they just ordered directly…
Although you’re probably worried round about now, don’t stress – Dropshipping is totally Legit.
All of the above ‘fashion disasters’ can easily be avoided if store owners simply remember that they’re clients actually comes first – not the money…
5. How much does Sebastian's Ecom Profits Lab Course Cost? Any Specials?
Pros of Ecom Profits Lab
7. Optimization module
It’s good to know what works & what doesn’t & how to spot the difference before it sinks your boat.
With Ecom Profit Lab being fairly short & more for the beginner market, this module is a pleasant bonus.
8. Campaign Setup
You’ll also get some good strategies on how to structure your campaign more effective.
9. One Store Product
Sebastian has opted for the thing that he’s had the most success in – a one store product.
This is method is not adopted by many in the industry but I can personally testify to it working for me.
I’d definitely consider going this route instead of going the broad store route, which others are advocating.
Cons of Ecom Profits Lab
Just feels as though there’s not been much thought or effort put into how Ecom Profit Lab is presented.
You don’t even look any further than Sebastian’s own YouTube channel to find this content.
12. Only Facebook
Yes, FB can be profitable however it’s not the be all & end all of advertising strategies.
13. Refunds Policy
If you are confident in you’re product then why don’t you offer, at the very least, a 14day refund?
14. Do Sebastian's Students Actually Make Money?
Ecom Profit Lab was his first course & has been on the market for quite a while… if there was any horrible experiences I’m sure we would’ve heard about them by now.
15. Who's a Good Fit for Ecom Profits Lab?
16. What alternatives are there to Ecom Profits Lab?
You are probably wondering what alternative options there are for beginners of dropshipping. Two courses worth looking into are:
How Does Dropshipping Stand up to Others? Like Lead Generation?
Every business model is different & so is every person.
So how do you find which business model will best suit your needs?
In this book, DeMarco shares his secrets on how to evaluate potential businesses so that you can pick the winners & ditch the duds.
He created the C.E.N.T.S. model which makes picking that winning biz model much easier.
It stands for: Control, Entry, Need, Time, Scale
For today, let’s focus on Entry & Time.
Keeping in mind that there're millions of people with the same idea - ‘Dropshipping is gonna be a great side hustle’...
Oh & then don’t forget about the hundreds of thousands out there using the exact same platform as you…
Being taught the exact same course materials & ultimately, selling the exact same products… & you just got the bigger picture…
It’s like having a town with only Pizza shops in it…
That’s right – a whopping 90% of shops fail… That’s pretty hectic folks….
Local Lead Gen is different as ranking your website using Free Organic Traffic in Google, is a skill set not many people have.
It’s something that is always in high demand & keeps trending up so you know your skills will be useful for years to come.
That being said – I’m on a quest to find Pizza Town – super hungry all of a sudden…
How you spend your time, what you spend your time on, who you spend your time with…
One of the biggest regrets people have is that they’ve spent their time on things that didn’t matter.
My Local Lead Generation Business has been providing me with a true passive income since 2013 when I started.
This provides me with the opportunity to visit family in Japan for a whole month – without it effecting my monthly income…
The Dropshipping biz model is unfortunately not a long-term passive income model. There’s too many bells & whistles that requires constant upkeep – finding new products, testing, scaling… & the list goes on.
Don’t get me wrong, I think dropshipping is a great way to break into the online industry – I just don’t think it should be where you end your journey.
The course provides a good, basic, general overview of how to build a Shopify Store and how to set up a Facebook Ad Campaign. Other than that, you’re not going to get much else with this course.
In all honesty, it’s a pretty short course.
The thing that got me the most was that four out of the six modules focuses exclusively on Facebook Ads…if you wanted to teach a course purely relating to Facebook Ads & that platform, then please market it as such… Then at least people will know what they’re buying…Just saying.
Yes sure, Facebook Ads can be profitable, but it’s not the only, nor necessarily, the most effective advertising strategy when it comes to dropshipping.
What about Instagram, Content Marketing, Google Ads etc.? And even then, the content in Ecom Profits Lab is pretty generic & provides you with some basic training on how it all works…Which you can get for free on YouTube.
So Yes, Sebastian’s course will teach you the basics of Dropshipping.
If you’re new to the dropshipping game then Ecom Profit Lab will definitely be able to help you get started with your new eCommerce store.
Honestly, I found it a bit disappointing & underwhelming…That being said, this was his first course he ever created. Sebastian offers a pretty good mentoring program & most of his other courses I find far superior to Ecom Profit Lab.
But at the end of the day, it will provide you with the basic info needed get going…
But will it be enough… Who knows?
For me in 2021, Dropshipping is just not the best biz model to get involved with.
This is not an emotional statement, it’s one based on facts.
Allow me to elaborate slightly below...
Literally anyone can get into dropshipping with hardly any effort or upfront cash. Regardless of what you're selling, you'll likely be competing with millions of other sellers in an extremely saturated market.
Plagiarism is rampant in dropshipping. It's far too easy for your competitors to copy your ads, your sales funnels, and even your Shopify store. Be assured that if you find a successful product, you will be copied and then undercut by your competition.
Advertisements have no guarantee of being profitable - and one should expect to occasionally have campaigns that fall short of expectations (which can cost thousands of dollars).
LOW PROFIT MARGINS
Facebook's ad prices have doubled this last year. Successful dropshippers can expect to profit roughly 8-15%, which only really works if you're selling major volumes of product.
The key to long term wealth is in building and owning valuable assets, but with dropshipping, you own nothing. You're an enslaved middleman to Shopify, Facebook, and Google. Their ad and metrics systems are unreliable and ever changing - and account deactivations are a way of life in eCommerce.
Ads must be developed and then monitored - and failing to do so could mean unprofitable ads or, even worse, ad account suspension.
Trending items are most often the only products that have a profitable ROI. Many businesses meet their ends on the fall of whatever trend they were capitalizing on.
Shipping from China takes six weeks, so expect lots of customer complaints and chargebacks (which are deducted from your bank account).
Local Lead Generation
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