Greg's Corner

It’s not that easy to make money on Amazon

Have you ever come across an ad online that poses as an employment ad promising that you can make money beyond your wildest dreams? Usually, these ads are for Multi Level Marketing schemes or MLMs. MLMs usually require you to buy a certain amount of the product they’re trying to sell and then you have to not only try to sell the product but you have to try to get your friends to become marketers too. What these MLMs don’t tell you is that it’s almost mathematically impossible to get people underneath you on the MLM ladder to recruit more marketers. Now there’s a newer ploy that borrows heavily from MLMs and involves the biggest online retailer in the world, Amazon.

According to The Atlantic, there is a cottage industry of people who want to teach you how to make incredulous wealth by becoming a third-party seller on Amazon. These classes are said to teach you how to sell cheap products made in China on Amazon for a huge markup. These so-called Amazon entrepreneurs often display the money they’ve made off of Amazon and imply that you can make the same kind of money. In reality, they’re usually more interested in getting you to sign up for their classes which can be priced in the thousands of dollars. If you search YouTube for how to make money on Amazon, you’ll find scores of videos like this.

[youtube https://www.youtube.com/watch?v=1xbzdWNoAoQ%5D

Much like the MLMs, these Amazon whisperers like to target people who are desperate to make a large amount of money quickly. Now to be fair, it is possible to make money on Amazon this way, however, it’s a very risky venture that could cause you to sink more money into the process and not see a lot of return. When dealing with any kind of financial investment you should never risk more than you can afford to lose since there are no guarantees that the investment will be successful. If you’re struggling to make ends meet then something like this is not for you as it requires a hefty initial investment of money that you probably can’t afford to lose. Remember, there really is no such thing as getting rich quick.