August 9th, 2017 | Published in Affiliate Marketing
TheMillionaireMastermind.com is the online home of The Millionaire Mastermind, a company created by “Coach Giani” who promises to give his visitors a free blueprint for making your own profitable virtual stores.
This website says that all people need is “a laptop and determination” and they will be able to build a multi-million dollar business within a short period of time, regardless of their lack of experience or knowledge.
How It Works
Coach Giani requires his website visitors to “get the case study” before he will provide them with any information whatsoever regarding his multi-million dollar business. To get the case study, you must provide the website with your contact email.
The case study in question is not actually a case study at all. It’s a video of Coach Giani working on his computer and showing his website visitors screenshots of all the millions of dollars he claims to have made by selling products through Google.
He then tells people that if they fill out one of his applications and they “qualify,” he will give them a free blueprint on how to follow his business method to creating Amazon stores that will also earn you millions of dollars.
The Bottom Line
The reality is that The Millionaire Mastermind program is all about becoming an Amazon.com dropshipper. Dropshipping is a specific kind of sales, where you will partner with a company that provides the products, inventory management, and order fulfillment services for you.
The concern with dropshipping, however, is that paying another company to do all these things for you is not cheap, and in order to make a profit off the items you are selling, you need to sell them for more than the dropship provider is selling them to you. And while this may seem simple in theory, it doesn’t take into account the fact that everyone else using this company for dropshipping has access to the exact same products as you.
This is why the main drawback to a dropshipping business is what is called “the race to the bottom.” In order to beat out all your competitors, you have to be willing to go lowest on the price, but then you have to be willing to earn the least profit and that brings its own kind of stress and complications.
Customers will want to think long and hard about whether or not this is the right business for them to get into before they actual commit to investing money into training programs and dropship services. The best way to do this is to find actual free resources that aren’t trying to sell you anything or convince you of anything, but are simply providing information.
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