The Wholesale Formula by Dan Meadors and Dylan Frost, Amazon FBA experts, combines an old-school whole-selling with fresh and unique approach.
Did it work or is it a total bust? Let's review it.
|✒ Name:||The Wholesale Formula|
|👨🧔 Creators:||Dan Meadors and Dylan Frost|
|💵 Price:||$2,997 or cost of $874 x4|
|🌎 Website:||Official Wholesale Formula Site|
The Wholesale Formula: eCommerce Gift?
So, if you even considered doing eCommerce in the past 5+ years the two most popular choices were:
- Amazon FBA with your own brand
- Dropshipping (usually from china) with a 3rd party platform
The flood of courses and systems about these two methods have overshadowed most other strategies. However, this also meant the two above strategies have been over saturated for the past few years.
That's why while most of us were trying make money dropshipping or creating own brands on Amazon, Dan Meadors and Dylan Frost, were making millions using another method on Amazon.
In fact, Dan Meadors and Dylan Frost made over $40 million in sales, their students did half a billion in sales, with a method they call reverse sourcing wholesale.
Reverse Sourcing Wholesale? AMZ Formula
Okay, so what is this reverse sourcing wholesale? It simply means you find a profitable product before finding a whole seller.
That doesn't really take a genius to figure out, right?
Well, traditional wholesale revolves around finding a supplier and selling their product. It's the foundation of most brick and mortar stores to this day. In fact, many online stores do it as well, and even seller on Amazon.
The obvious problem with this approach is that you need to source a lot of products. Which means high cost and an logistic headache before you start bringing in any profit.
On the other hand with reverse sourcing wholesale you identify the product first and than the supplier. So, in result you have a hot selling product, inside The Wholesale Formula you learn how to find them, and can start selling it without having to gamble on it.
The Wholesale Formula Reverse Sourcing Like a Pro
So, this is where it gets really interesting because while reverse sourcing has become popular in the last few years. I have never seen anyone do it as good and efficiently as Dan and Dylan.
Like I've said above, it's a simple process. In fact, you can probably go out right now and try to find products and source them directly to sell on Amazon.
However, not only did Dan Meadors and Dylan Frost have been doing this for years, they also build 1000+ community of students along side. That means they have the process down to simple and easy to follow blueprint.
All the guesswork and unnecessary testing has been taken out of it. Which is great for me as I didn't want to spend months on just learning it, but actually make money.
Simpler eCommerce: The Wholesale Formula
I've mention in parts how The Wholesale Formula works but let's do a proper overview.
In the end there are 3 steps:
- Find a product
- Get in touch with supplier
- Sell the product or become sole distributor
Review of Dan Meadors and Dylan Frost Formula
Let's unpack the 3 steps from above, so you will have a better idea how it works.
Find The Product:
A crucial step in the process of becoming an Amazon powerhouse is knowing what to sell? Well, that is part of the success but Dan and Dylan makes this part a lot simpler, and much more forgiving than other similar systems.
What it means is that you will not only learn how to analyses products, competition, and sale ranks (which is all covered in Module 1 and 2), but also do ‘TWF Scouting and Sourcing' and test winners for a fraction of the cost (Module 3).
In fact, you can test product with $500 or so.
Get in touch with supplier:
In module 4 you'll the art of Dan and Dylan deal. Meaning you'll get example of what works and doesn't when creating a value proposition.
Unfortunately, I can't give away and actual strategies and hooks as it would be unfair to people that got the Wholesale Formula, but I can give you some examples.
You see, depending on the size of the brand and its online presence would often dictate the approach needed. For example, you'll probably not get an answer if you decide to email Tabasco to be their sole Amazon distributor the second you buy The Wholesale Formula.
However, other smaller companies with decent online sales will be more open to a dialog from my experience. Now what Dan and Dylan teach is to offer value for the company that you can bring.
Naturally, if you decide to order $10,000+ of their product they might be open right away, but that's not the Wholesale Formula way. You don't want to sink in all of your money at the start just to lose it all in fees. The TWF way is to test a little, 30 days supply at most, before going forward.
Like Dan and Dylan say, most you can get for $500 worth of product or less. It all depends on the position you take and the value you bring.
Sell the product or become sole distributor:
So, let's get real. Most of companies don't care about their sellers, and could care less what your strategy is unless it damages their brand.
Think about it this way. If you go to a brand and offer to buy $500 worth of their products, let's say at $25 each that's 20 products, hardly a big money-making opportunity for the brand.
On the other, if you show the benefits of selling you $500 of products at a wholesaler price that's a whole different story. It's all about the position you take and Dan and Dylan talk about some great benefits you can offer a brand to let you sell their products.
One of them is included in my bonus
The Wholesale Formula Bonus: Online Presence
You don't really need a ‘brand' when you are just starting out with The Wholesale Formula, but it can definitively help. A brand will allow you to get better deals, more sole distributor and faster profits.
Just think about it from a suppliers point of view. If you have two potential seller approach you; one with online presence and the other no-name individual. Which one will you pick?
Of course, Dan Meadors and Dylan Frost offers great resources and tutorials how to do as a no-one in the eCom business but a little advantage could go a long away.
That's why the second I got started with The Wholesale Formula I went with my brand awareness campaign, and I'm ready to do the same for you.
One of the best ways to get a brand on your side is creating brand awareness. If you could increase brand awareness while selling their products you're creating a win-win situation.
You see, not only will the brand owner will be happy that their brand is getting the recognition it deserves but you'll also be selling more because of the increase in brand popularity.
So, what is my bonus? I'll show you how you can increase:
- Brand awareness – make it more popular and recognizable
- Reputation – managing reputation is also key for a brand
- Sales – a combination of both increases sale
Best part? You can do all of it using free methods and organic rankings in search engines like Google or Bing.
Time for Better and Simpler eCommerce?
I'll be honest, at first I wasn't a big fan of the idea The Wholesale Formula approach to Amazon FBA. Despite not being that successful with my own Amazon brand I thought that way the best way to do eCommerce.
After all, isn't that what everyone else is doing? There are, and have been for years, thousands of eCommerce courses and system about Amazon FBA with a brand, Shopify droppings or using 3rd-party platforms.
Well, it seems Dan Meadors and Dylan Frost's approach is one of the best and safest approach to start doing Amazon FBA. Here are the reasons:
- You don't tens of thousands to get started like with buying in bulk multiple products or creating your own brand of products
- You're selling a product that already has people searching for it on Amazon everyday, no need to create demand. Demand is there.
- Aside from my bonus you don't need to “build up” your brand to get sales and trust. You'll be selling trustworthy products from the start.
Honestly, with eCommerce hitting records in 2020, 2021 and most likely 2022 the best time to start is right now. In fact, it is predicted that 9/10 items will be bough online by 2030.