Amazon Wealth Accelerator (AWA) by Camron James is a mentorship program on building your own private label Amazon store. It uses the Bedrock Method of focusing on product research, suppliers, and listing. The AWA program also features vetting of product ideas, so students don’t make costly mistakes. Camron provides students with support for Amazon account issues, access to his contacts and guidebooks.
Amazon Wealth Accelerator reviews are few, but mostly positive. Students praise the product research techniques in their success. Some of them said they’re able to take their Amazon business to the next level because of AWA. According to Revenue Geeks, 45% of amazon sellers earn $1,000 to $25,000 per month. However, the same report showed 59% use paid ads to promote their business. And Sell on Amazon stated Amazon Brand Strategy blocked or removed 99% of suspected counterfeited listings. It can be a profitable business. However, it requires a huge capital for ads and has strict regulations in place.
In this Amazon Wealth Accelerator review, we’ll cover the Bedrock Method, and what you’ll get when you join the program. We’ll also explore who is Camron James and the current state of Amazon FBA. In the end, I’ll introduce a better business alternative for you this 2024.
Amazon Wealth Accelerator Review: Pros and Cons
Pros
There’s a Facebook group for support.
They offer a 7-day free trial to some students.
They host coaching sessions every Sunday.
Their team offers daily support.
Cons
There aren't much reviews from outside sources.
Their refunds come with a lot of requirements which might be difficult to accomplish within the 14-day period.
The price is not disclosed right away.
Refund Policy
Wealth Accelerator has a 14-day money-back guarantee with conditions.
Origin
Wealth Accelerator started in 2019.
Reputation
Wealth Accelerator and Camron James have a positive reputation online.
How Much Does Amazon Wealth Accelerator Cost?
Amazon Wealth Accelerator costs a one-time payment of $6,800. There are also pricing plans available. You can choose a 2-month payment of $3,600 for a total payment of $7,200, or 3-month payment of $2,500 for a total of $7,500 payment. Camron also advises that you prepare at least $10,000 for the total investment.
Amazon Wealth Accelerator offers a 14-day refund, but you must meet the requirements. You should have viewed 40% of the material, the steps for product research and have 3 formal quotes from manufacturers. You should also be active in the group once a week. Activity can include asking questions, and interacting with other members.
camron provides good value, although i don’t think you should be learning amazon fba with that much money. could be invested somewhere else
What is the Bedrock Method?
The Bedrock Method is learning all the fundamental principles of building a store. Camron insists that ads, ratings and reviews are important, but they come after establishing a good store foundation. Camron designed it with 3 pillars:
What is Amazon Wealth Accelerator?
Amazon Wealth Accelerator is a mentorship program by Camron James on building a private label Amazon FBA business. It contains 6 modules, training videos, and weekly coaching sessions. Camron designed the program to teach you the essentials of building an Amazon store. Camron uses the bedrock method to generate $10k-$30k monthly.
Additionally, Amazon Wealth Accelerator can deal with account restrictions and registrations. Their team offers help to get your account off the ground. And if you have account issues they can’t help you with, they will offer a refund.
Who Is Amazon Wealth Accelerator For?
What Is In The Amazon Wealth Accelerator Program?
In module 1, Camron teaches product research using real data. He uses this strategy called inventory tracking. Students will track the product inventory from its Amazon product page for 15 days. So, instead of estimations, you’re getting products that are making sales. Camron will also check your product ideas before you invest.
Module 2 covers the methods and resources needed to find the best manufacturers. You’ll receive instructions on how to ship your products to Amazon warehouses. You’ll also learn Amazon FBA costly mistakes and how to avoid them.
In Module 3, you’ll have a timeframe for tasks: product photographers, freight forwarding, product inspection and Amazon listing. Camron will also give you access to his contacts.
Camron will teach you his exact launch strategy. You’ll learn where to get your first reviews and strategies to consistently get them. Module 4 also goes over setting PPC campaigns and how to rank your product for profitable keywords.
Module 5 is about Camron’s plug and play strategies he used to scale his business. You’ll also receive customized support from him and his team.
In Module 6, Camron will teach you how to build a brand. You’ll receive tips to expand your product and build a loyal customer base.
- Weekly Q and A
- Student community
- Checklists and guides
- Plug-and-play contracts, fee calculators and tracker
- Access to Camron’s personal rolodex
How Can You Get Started With Amazon Wealth Accelerator?
You can get started with Amazon Wealth Accelerator by scheduling a call with their team. The call will ensure if you’re qualified to get started with the program. And you’ll get the exact cost of the program, along with the price plans available. Camron is looking for long-term students.
Amazon Wealth Accelerator offers a 7-day free trial. Within this period, you get access to all modules and training. You can ask for daily support from Camron’s team and join the weekly sunday zoom call. The trial is available for a limited number of students.
You need to dedicate 5-10 hours a week to Amazon Wealth Accelerator for coaching sessions and training, according to Camron James. It’s better to put in as much time as possible if you’re just starting out.
Amazon Wealth Accelerator Review and Testimonials
There are few external reviews on Amazon Wealth Accelerators, even though it’s been operating for 5 years. It is rated 4.0 in Trustpilot with 3 reviews, all made in April 2024. But there are a lot of student testimonials on their website. One of them is Sara who crossed $30k in sales in 30 days. She’s already an Amazon seller before she stumbled on Amazon Wealth Accelerator. Sara said she’s able to reach this milestone because of AWA.
Long Yuan from US shared in Trustpilot that he’s been an AWA member since 2022. He started selling on Amazon in October and hit $5k revenue by December. According to Yuan, he hit $260k in sales in 2023. Yuan recommends AWA because you will get what you pay for.
Who is Camron James?
Camron James is an entrepreneur and Amazon coach. He started selling on Amazon FBA in 2017. After trial and error, he launched a product which generated him over 1.3 million dollars in its first year. Since then, he has launched over 50+ products. Then, Camron created a free field manual designed to help you get started selling on Amazon. Camron lives in Nashville, Tennessee with his wife and 2 dogs.
Camron James runs an active social media presence. He is most notable on YouTube with over 86k subscribers, where he posts various videos about Amazon and his journey. His website also features a blog with more information about Amazon. He runs his student and seller community in Skool.
Camron James' Amazon FBA 2024 Update: Rising Seller Fees
Changes in Amazon FBA's 2024 Update (That Are Not in 2023 Update)
Amazon FBA Seller Fees Cost in 2024
General Fee Increase: Amazon increased its seller fees by $0.15 per unit sold across all product categories.
Long-Term Storage Fees: Increase in fees for inventory stored between 271 and 365 days. The actual cost is not yet disclosed.
Wrongly Shipped Items: Items that are shipped to a different location and have not arrived at the intended address will be charged additional fees.
Storage Utilization Surcharge: Inventory stored in the facility for 26 weeks or more will also incur additional surcharge.
Decrease in FBA Fulfillment Fees: Amazon FBA seller fees for standard-sized products are decreased by $0.20 per unit and $0.61 on large bulky size products.
Decrease in Monthly Storage Fees: Non-peak monthly storage fees on standard sized items are reduced by $0.09 per cubic foot.
Amazon FBA 2024 Update: Takeaways For Sellers
Enhanced Delivery Efficiency: Amazon banks on its efficient delivery system. The company strives to shift their focus on same or next day delivery.
Revised Storage Fees and Policies: Sellers are pushed to give more priority on inventory management. Due to the introduction of low inventory level fees and the changes in long-term storage fees.
New Inbound Defect Fee: Inbound defect fee requires sellers to be more prompt and careful in packing and shipping items. The items should arrive within the set time frames, 45 days for domestic, 75 days for international.
What's not mentioned in the video: Amazon also offers liquidation options for unsold inventory through wholesale channels. The Amazon Bulk Liquidations Store sells pelletized or bulk quantities of overstock, returned, or possibly damaged goods at discounted prices.
What Are the Disadvantages of Selling on Amazon?
Increasing Amazon fees, high competition, and strict regulations are the disadvantages of selling on Amazon. There is a price to pay if you want to be a part of Amazon’s trillion-dollar platform. Besides the cost of running your store, you have to pay Amazon every month to maintain your account. According to Amazon's official fee schedule, Amazon charges a referral fee of 8%-15% for each item sold. This would not include order fulfillment costs, storage, and advertising. For instance, if you sell a product in the Beauty category, you will incur a 15% referral fee. If you sell a product in the Electronics category, it will cost you an 8% referral fee. Additionally, there are Amazon fulfillment fees. It can range from $2.50 to $5.00 per unit for standard-size items.
A common question new sellers ask is if Amazon is over saturated. It’s not impossible to sell on Amazon in 2024. However, there’s a lot of competition. You need to make sure your brand stands out against 2 million third-party sellers. This means if your products' price are competitive, your income potential goes down. According to Marketplace Pulse, Amazon active sellers are still increasing. Over 3,700 new sellers join the platform every day. Hence, it's crucial to have a well-thought-out strategy to differentiate your products.
Steve Chou, more known as My Wife Quit Her Job on YouTube, is an electrical engineer turned ecommerce entrepreneur. While Steve still recommends Amazon FBA in 2024, he cautions people that it is hard work. He said you should know the ins and outs of the platform and prepare to handle increasing fees. Unlike before, it needs strategic planning and commitment to succeed.
Investing in Amazon also means adhering to their policies. As a business owner, you are reliant on their platform. If Amazon suspends or restricts your account, this could put an abrupt halt to your business. In 2023 alone, Amazon suspended 50,000+ seller accounts because of policy violations. This highlights Amazon's strict guidelines.
Lastly, Amazon isn’t just a platform. They also sell various products which customers might be more inclined to buy. Amazon is a direct competitor, which can be difficult for small businesses. For example, AmazonBasics, Amazon's private label brand, offers over 5,000 products. It is available in various categories, often at lower prices. Amazon is a tough competitor because they can offer competitive pricing and faster shipping.
Local Lead Generation: A Better Alternative to Amazon FBA
Local lead generation is a better alternative to Amazon FBA since it’s passive and has low startup cost. The biggest difficulty in running an Amazon FBA business is the constant need to find and source products. You’re always tweaking, testing and checking products, ad campaigns and market conditions. And every step of it requires money. This is not even a problem with local lead generation because you’re creating websites. Local lead generation websites use SEO techniques to rank on top of search results. Since it uses local SEO, large Google algorithm updates don't affect it as much. And when they start ranking, you rent them out to local businesses. They become digital real estate that require low maintenance.
It costs at least $5,000 to $10,000 to start an Amazon FBA business. Camron expects you to have $10k to start, apart from their program fees. You’ll have to arrange for the sending of products to Amazon warehouse, the FBA fees, and talking to manufacturers regularly. It also has a lot of small moving parts. With local lead generation, you can start with just $500. That amount already includes the domain name, website hosting and phone software. So, when you rent your digital real estate for $500 to $2000 per month, you’re bagging 90% of the profits. With more budget if you want to scale.
And local lead generation is a scalable business. There are 50+ niches you can choose from. All the digital real estates I own earn me $52k per month, with very little effort. I’ve been doing this since 2015, and I don’t see it being saturated any time soon. Local lead generation is the better business idea for anyone looking to kickstart their journey to financial freedom.
