The Amazon Profit Guide is an Amazon dropshipping training program with a focus on building a family of “above average” entrepreneurs who want financial freedom. Dominick Carney presents dropshipping as the first step of your eCommerce journey, and a way to make extra money on the side while you work your 9-5. He teaches you how to dropship from domestic suppliers rather than Chinese suppliers. The 10 modules in this course + bonus step-by-step documents will teach you how to conduct product research, find a domestic supplier who will sell you the product at a discount, list your product on Amazon, and beat out competitors. They do not use Amazon PPC, talk with customers, or pay the storage FBA fee (only the seller’s fee).
How can you find Dominick’s complete guide among his many websites? Can you trust Dominick to train you how to have the above average entrepreneurial mindset? And, is Amazon dropshipping the best first step to success in ecommerce, or is local lead generation? We have the answers below.
Pros
Dominick is accessible within the program and offers valuable guidance.
He is also currently selling.
Live group chats with like-minded group members.
1-on-1 calls each month with a coach.
Invaluable scripts and templates provided.
Cons
Very few real reviews outside of Dominick’s sales page and Facebook group.
Dom’s strategy isn’t unique. Many dropshippers use domestic suppliers. Other Amazon FBA business models use Chinese/overseas suppliers.
It can take at least 6 months to get your ROI from this course.
Price
$1497. Schedule a call to learn the most updated price. Financing available.
Refund Policy
All sales are final.
Training
10 modules on Amazon dropshipping from a current 7-figure seller. Bonuses include checklists, info on account settings, and instructions on how to automate.
Group
Private Facebook group with live coaches and 700 members.
Origin
Dominick created this course after many people requested his secret to success. 5 of his students quit their 9-5 during the Covid-19 pandemic.
Reputation
No reviews about this course outside of Dominick’s sales page.
Who is Dominick Carney?
Dominick Carney is a 7-figure Amazon seller from Seattle, WA. He started learning Amazon dropshipping from Tommy Rodriguez in 2016. After 5 seller central account suspensions, he turned a 6-figure profit in 12 months. Dominick also runs an ATM rental business and does real estate investing.
Dominick’s dad handled stocks and never had the time to run his own business, which inspired Dom to do what his father couldn’t. He started a lawn-mowing hustle as a kid, got a proper job at 16, and worked overtime. No matter what he did, he was never happy working for someone. Then Dominick ran into legal troubles from a DUI and other choices made in the partying scene. He had to declare bankruptcy at 19. Soon, his eCommerce journey began and he tried Shopify, Amazon FBA, affiliate marketing, stocks trading, and day trading. In the end, he failed 19 businesses.
Today, Dominick runs AboveAve., his catch-all brand for multiple products: his free Amazon cheat sheet eBook, the Amazon Profit Guide Mastermind, and the AboveAve. Community, and more.
Dominick Carney Net Worth
Dominick Carney’s net worth is unclear because he is up-and-coming. He is a recipient of the two-comma club award, built a 7-figure B2C company and a 7-figure B2B company. He also created a company with revenue that hit 910K in less than 22 months. We will learn more about him as he grows in popularity.
Is Dominick Carney Still Active in 2024?
Yes, Dominick Carney still actively sells in 2024.
He also coaches the students in his course. His social media is also active, though he is far more active on his family accounts than business accounts on Facebook, Instagram, and YouTube.
What is the Amazon Profit Guide Mastermind?
The Amazon Profit Guide is an Amazon dropshipping training program. The goal of the program is to learn how to make extra money through this business model so you can become debt free, begin living the life you want, and then develop other businesses and investments.
Dominick says "Gurus build courses, mentors build families." You’ll find that family feel within his program Facebook group.
What Else Does Dominick Carney Offer?
Dominick has a mini course, an eBook, and a Sunday training connected with his main course.
What’s Inside the Amazon Profit Guide Mastermind Course?
Short and to the point, this module gives Dominick’s guidelines for a mindset of success.
Dominick shares the tools he uses for his dropshipping business. That way, you will know exactly what works. You won’t waste time and money on apps that won’t work.
Profit guide phase 3 includes a list of trusted suppliers Dominick and his students use. You have full access to them. There is also a list of suppliers you should not use.
Dominick trains you how to find profitable products to sell fast so that you don’t miss out on potential sales.
This module is step-by-step and takes you through exactly what to do from the moment you get your first sale to the product arriving at your customer’s door.
Keeping your metrics healthy while dropshipping is extremely important. Customer service is the biggest way you can improve these metrics. This module includes proven scripts that will help you handle the toughest issues.
This module explains how you can manage hundreds to thousands of product listings. Dominick teaches you how to reprice them to stay competitive. He also shares the software he uses to automate this process.
You will learn different tactics that will help you beat out competitors, like creating an alternate product listing.
Dominick teaches you all about winning the Buy Box once your store is eligible for this spot.
This module trains you how to take your operating Amazon business even bigger.
What Bonuses are Included in the Amazon Profit Guide?
Dominick has some other unique additions for his "family". First, you can apply for a special glass trophy at your first $10K, $50K, and $100K. He also sends a mystery box full of items to brand new members.
Is There an Amazon Profit Guide Mastermind Community?
Yes, the group is on Facebook with 700 members/ Everyone actively selling in the group is required to post their sales dashboard every week. Dominick and his coaches watch this and reward the top performing sellers. They’ve built an active community, and award a Student of the Month and Top Contributor.
Does Dominick Carney Offer Live Coaching?
Yes, you will get a monthly one-on-one meeting with a coach.
What is the Amazon Profit Guide Mastermind’s Refund Policy?
There is a strict NO REFUND policy. All sales are final. In the event of a dispute, you must communicate with Dominick via email. If both parties cannot agree, you must jointly decide on an arbitrator who will decide how the dispute will end. In Dominick’s full refund policy, he states you must share all reasons you’re dissatisfied with his course.
Note: The link to use leads to a different website entirely that doesn’t seem affiliated with Dom anymore.Is Amazon Profit Guide a Scam?
Dominick Carney’s Amazon Profit Guide isn’t a scam. You will get a course for your money. However, these facts should give you pause:
Has the Amazon Profit Guide Helped People Succeed in Amazon Dropshipping?
Yes, according to Dominick’s own platform, at least 90 students have been successful. Jessica Pleitez is one of these students. She gained $100,000 worth of profit within a month of running her business. She quit her 9-5 job and now focuses on her eCommerce career, making six figures a month by using Dominick’s step-by-step guide and running an ATM business.
Is the Amazon Profit Guide Mastermind Worth It?
The Amazon Profit Guide might be worth it if you want to learn a new mindset while learning dropshipping. Contrary to Dom’s messaging, this isn’t the course for a beginner. There are cheaper and simpler courses that require much less commitment.
Above all, because of the strict no refund policy, ensure this is the course you want before buying.
What are Alternatives to Amazon Profit Guide?
The best Amazon dropshipping course is eCommerce University by Andrew Giorgi. This course is $997, but you can take his free mini course, too. This training is great for beginners who have the extra capital. Andrew has interesting content about tax exemptions, your ROI, and more. There is a 30-day money-back guarantee and a private Facebook community.
Other alternatives include:
Bryan Guerra’s How to Start a Profitable Amazon Dropshipping Business Today
Matt Bernstein’s Selling on Amazon: Build a Successful Dropshipping Business
Jason Martin’s Amazon Dropshipping FBM Titans Product Research Formula
What is Dropshipping on Amazon?
Dropshipping on Amazon is listing a product image and ordering that product when a customer purchases. Your supplier will ship the product directly to the customer. Amazon takes a 15% fee.
Pros
It’s inexpensive to start your dropshipping business.
No physical inventory.
Lessened Amazon fees.
No Amazon advertising costs.
Cons
Profit margins around 10-30%.
Products won’t be Amazon prime eligible.
Management of hundreds of product listings.
You will fight for the Amazon buy box, since you will share it with countless other sellers.
The chance of account suspension is high, and this is the biggest downside of dropshipping. Amazon withholds funds during this time. To avoid suspension, season your account. This extends your time to profit. Spend more time on customer service to keep metrics healthy and avoid suspension.
Is Amazon Dropshipping Legal?
Yes, Amazon dropshipping is legal as long as you operate within their Terms of Service and get the appropriate reselling certificates. You might need permission from the brand you’re selling from and the state you live in.
Do You Need a Business License to Sell on Amazon?
No, you do not need a business license to do Amazon dropshipping. But, if your product’s brand requests a resale certificate, a business license is one way to prove you’re a business and get this documentation.
Why Does Amazon Dropshipping Get Suspended?
To follow the Terms of Service, you cannot sell a product that shows another retailer on the external packaging. So, you cannot dropship from Walmart or Home Depot unless you have a seasoned seller central account. Then, it’s less likely an Amazon associate will ask for a letter of authorization. Big retailers won’t supply this documentation.
Is Amazon dropshipping worth it? If you can season your account and find a retailer with great clearance items, you can increase your profit margins. But you must operate within the gray area of Amazon’s Terms of Service. However, it’s not long term, as an account suspension will most likely happen.Can I Dropship on Amazon If I’m Broke?
You should not dropship on Amazon if you’re broke, even though it’s possible to start dropshipping cheaply. It takes two weeks for your funds to arrive from customers. If you have no capital and if a customer orders, you will have no way to fulfill it. This will lead to an unhappy customer, destroyed metrics, and an account suspension.
Many dropshippers use credit cards to cover this. They plan to pay their hefty credit card bill once they receive the funds. However, if Amazon suspends your account, they can withhold your funds for at least 90 days.
What is the Amazon Buy Box Algorithm?
The Amazon buy box algorithm determines what product seller is featured above all others. It’s incredibly difficult for a drop shipper to win the buy box. This is because dropshipping is technically an FBM program, not FBA. FBA sellers automatically win certain perfect metrics on their account simply by using the FBA program.
To stay competitive for the buy box as a drop shipper, you need to keep your prices low. This is one reason dropshipping profits are so low.
What are the Different Types of Amazon FBA Businesses?
Wholesale
Retail Arbitrage
Online Arbitrage
Liquidations
Amazon handmade
Merch by Amazon
Amazon KDP
If you’re looking for an alternative to the dropshipping business, any of these business models may work. Our list of the best Amazon FBA courses will guide you to the best FBA coach.
Are Amazon courses worth it? Yes, FBA courses can shorten your time to make a profit. You can learn from your coaches’ mistakes and avoid them yourself. You can network through its community. Choose a high-quality course with great reviews and a solid history that’s within your budget. Don’t use your last penny to buy an expensive course.Is Amazon Dropshipping Still Profitable in 2024?
Yes, Amazon dropshipping can be profitable in 2024, but margins are small- between 10% and 30%. Amazon takes 15% out of this in fees. Yet, dropshipping has become one of the most popular business opportunities in eCommerce. It has an expected market value of $560 billion by 2025.
The average profit for all third party sellers (not just dropshippers) is between $2,000- $6,000 annually. 68% of third party sellers make at least 10% net profit margin, according to Jungle Scout. 52% have a net profit margin between 16% and 50%. The average net sale for about 50% of sellers is $1K-$25K.
In the end, it depends on how you manage your business. Business models like FBA and dropshipping can be profitable, but only if you put in the work. This course may not have all the information you need to become successful right away, but it provides ample resources to get you started.
Use the Revenue Calculator to see potential profits for your products on Amazon.
The Amazon Profitability Calculator, or Amazon FBA Revenue Calculator, will help you see your potential net profit margin before repricing your product. You can also use it to determine if FBM (dropshipping) or FBA will provide a better net profit margin for you.
Yes, it’s difficult to make a profit on Amazon, especially with dropshipping. Many dropshippers will list thousands of products to combat the low profit margins. Their strategy: sell many products to bring home more money in the long run.
The more products you sell, the more issues can occur with shipping. More issues mean lowered metrics, and lowered metrics mean a suspended account or no chance of winning the buy box.
Wholesale
Retail Arbitrage
Online Arbitrage
Liquidations
Amazon handmade
Merch by Amazon
Amazon KDP
If you’re looking for an alternative to the dropshipping business, any of these business models may work. Our list of the best Amazon FBA courses will guide you to the best FBA coach.
Are Amazon courses worth it? Yes, FBA courses can shorten your time to make a profit. You can learn from your coaches’ mistakes and avoid them yourself. You can network through its community. Choose a high-quality course with great reviews and a solid history that’s within your budget. Don’t use your last penny to buy an expensive course.Conclusion: Is Amazon Dropshipping the Best Way to Create Side Income While Working Your 9-5?
You can earn a side income with Amazon dropshipping while working your 9-5, but you will have to spend at least 1-3 hours a day on top of your job to make it happen. If you purchase Dom’s course, it will be at least 6 months before you get an ROI. So, there are better ways to create this income and start your journey in eCommerce. For instance, I make $52K of passive income every month through local lead generation. Learn more about the difference between local lead generation and dropshipping.
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