Selling online can be tricky. It’s really not as easy as the whizzes around youtube channels may make it look. You’d need a good course to teach you the right ways.
Neil Waterhouse’s course, the Dropship Formula is one that many have tried. I have too. And to be honest I wasn’t too impressed with the course.
If you’re looking to try out this course, this comprehensive review might be the best help you get. There are not a lot of recent reviews that you’d find about Dropship Formula.
I discuss the content, pros, cons, and better alternatives. Dive in and decide for yourself.
Who Is Neil Waterhouse?
Neil Waterhouse is a renowned figure in the world of e-commerce. With over 20 years of experience, it’s safe to say he has done the numbers.
As the creator of the Dropship Formula, he has helped thousands of entrepreneurs globally establish thriving online businesses.
Neil claims to have impacted $1 billion in sales, all achieved by his students and clients. Neil’s expertise has earned him invitations to speak at major platforms like eBay, Amazon, and China-based Alibaba Group.
He’s an accomplished author too and has penned the bestseller book “Million Dollar eBay Business From Home.” Neil Waterhouse’s book talks about selling formulas on eBay as the focal point.
His contributions extend beyond education; he’s founded and led Australia’s four largest eBay and Amazon meetup groups, fostering a supportive community in places like Melbourne, Adelaide, Brisbane,Sydney.
His passion lies in helping people break free from traditional 9 to 5s and creating successful e-commerce businesses.
Neil Waterhouse Dropshipping Course Review
The Neil Waterhouse Dropshipping Course is a curriculum designed to equip beginners with the knowledge needed to start and settle into ecommerce. It’s focused on getting rich quick schemes, aka fast-tracking dropshipping.
The course content is primarily delivered through video lessons, complemented by slides, handouts, and additional materials. Neil’s over-the-shoulder tutorials provide practical examples, ensuring a hands-on learning experience.
The course is clearly structured too and it attempts to make you more confident about venturing into dropshipping at the end of it. The self-paced format allows students to absorb the material at their own speed, making it suitable for beginners eager to embark on their online selling journey.
The course is thoughtfully divided into modules, offering a step-by-step learning journey. Here’s an overview of its content:
Module 1: Introduction to Dropshipping
To start off, Neil sets the foundation by explaining dropshipping’s basics and advantages. I did like Neil’s clear explanations that make it easy for beginners to grasp the concept. He does not speed up until it is needed.
I thought Neil provided quite a candy-flossed version of drop shipping for students. He does not mention how dropshipping is not the easiest to do especially when you want to fast-track your earnings. I thought addressing potential challenges could provide a more well-rounded perspective.
Module 2: Product Research and Selection
Neil’s guidance on market research and product selection is invaluable. I appreciated how he breaks down the process into steps, which makes it easier to understand and approach.
I did not find the product research lessons to be as niche specific as I would’ve liked them to be.
Module 3: Supplier Sourcing and Management
Neil does a decent job at explaining how to establish strong dropship supplier relationships, which is quite a crucial aspect. His negotiation tips are practical and beneficial.
I was looking forward to hearing about how, as a dropshipper, I can mitigate and navigate through the risks of diversifying supplier sources if I wanted to.
My hard luck, he does dwell much on the topic and questions that you may think of dealing with a single source supplier.
Module 4: Store Setup and Optimization
Next, Neil focuses on store design and optimization. Neil’s emphasis on creating customer-centric listings was appropriate.
However, this section demanded a broader exploration of various e-commerce platforms that are not eBay and Amazon.
For anyone looking beyond these platforms, this course certainly falls short.
Module 5: Marketing Strategies: SEO and PPC
Neil’s insights and information into both SEO and PPC offer a well-rounded approach to driving traffic. His advice on finding the right balance is what I liked most.
I did feel like he was being a little outdated with the approaches and what’s really on demand these days. The course could explore emerging market trends much better.
In that context, you might feel the need to look into something else to have that relevance.
Module 6: Customer Service and Management
Neil’s emphasis on exceptional customer service resonates well. His tips on managing customer inquiries are practical and customer-centric. Again, the course lacks in addressing issues and problems throughout.
What if you face potential scenarios where customer service is challenging? Neil draws a blank when it comes to preparing his students for all those unfavorable events that may come.
Module 7: Scaling Your Business
Neil’s guidance on scaling is vital for growth. You could take help from his lessons on maintaining quality while expanding operations.
Much to my disappointment, Neil does not teach his students about going big and global.
There’s almost no content on how dropshippers can explore international expansions, as well as strategies. So if you intend to go beyond the borders of Kangaroo land, this course might not be the best help.
Neil Waterhouse Dropshipping Course Pricing And Refund Policy
The cost of the course is $247 per month, inclusive of a 30-minute monthly call and unlimited email support. However, that is a special price. It is typically valued at $397 per hour.
It’s worth noting that no contracts are required, and participants can stay for any duration. If you’re not happy after the first 15 minutes of the initial call, you will be offered a full refund. It is important to remember that any money-back guarantee does not include shipping costs.
However, a one-time expense of around $100 for logo and listing template design is necessary. You can also get extras for extra fees like:
30 Minute Private Coaching with Neil Waterhouse: $307.00 (Quantity: 1)
60 Minute Private Coaching with Neil Waterhouse: $497.00 (Quantity: 1)
Neil Waterhouse’s refund policy entails specific guidelines:
Money-Back Guarantee: The 100% money-back guarantee covers the product cost only and excludes shipping and handling fees, as customers choose to try the product, accepting the responsibility for shipping costs.
Refund Process: Customers must contact support for a Return Authorization Number (RMA), displayed on return packages. Without an RMA, returns won’t be accepted. The refund process takes up to 30 days. Refunds return to the original payment method or are sent as checks to the billing name and address.
Time Limit: Customers have 30 days from the original purchase date to return products for a refund. Returns after this period won’t be processed.
Proof of Return: Using certified mail with tracking is recommended to prevent loss or damage during return shipment. Proof like, delivery confirmation or signature via USPS validates returns.
Subscription Refunds: Monthly and yearly subscriptions offer refund options. Monthly subscriptions can be refunded within the initial 30 days. Yearly subscriptions allow refunds within 30 days, with prorated refunds beyond that. Excessive returns aren’t accepted, and refunds are limited per product.
Training and Courses: Customers have 30 days to review training and preview courses, and no refunds are processed after starting the final exam.
Live Events: Refunds for event tickets are accepted up to 30 days before the event. Transfers and resales have specific guidelines and fees.
Live Streams: Refunds for live streams are considered if technical issues prevent viewing, but only on the event’s first day.
Pros and Cons of Neil Waterhouse’s Course
Here’s what I liked about Neil Waterhouse’s Course:
With over 20 years of e-commerce know-how, Neil Waterhouse brings real credibility. He’s been through it all and shares both his successes and hurdles, making his teachings grounded and relatable.
The course is super organized, covering everything from the very beginning to advanced strategies. It’s like a full journey through dropshipping, ensuring you don’t miss any important steps.
Neil’s tutorials are hands-on and real. They make the theory come to life, showing you how things actually work. It’s like having a guide right beside you, making complex stuff easy to grasp.
Proven Track Record:
Students under Neil have sold more than a billion dollars worth. That’s no small feat! It’s proof that what you’re learning has real potential to work and make a difference.
Videos, slides, and materials keep you hooked. These cool extras cater to different learning styles and help you stay focused and excited while you learn.
Here’s what I didn’t like about Neil Waterhouse’s Course:
Few Recent Reviews:
Missing recent online feedback might leave people unsure about how the course is doing now. Reviews give a peek into how the course is helping people today and if it keeps up with changes in e-commerce.
Sticking to eBay and Amazon:
If you’re all about these platforms, great! But if you’re eyeing other e-commerce places, this course might not give you the full picture, and you might miss out on cool options.
Niche Stuff Could Be More:
Diving deep into different strategies for specific markets would be awesome. It’d prep you for all kinds of challenges, considering what you’re selling.
Shipping Costs Not Included:
The money-back deal doesn’t cover shipping fees. So, if you’re counting pennies, this could be a downer since you might not get back all you put in.
Only Neil Talking:
Neil’s cool, no doubt. But more voices could add spice. Other experts could bring more ideas, making your learning richer and more diverse.
If you’re not in Australia, it might feel a bit off. Adding bits for international folks would make it more welcoming and useful for everyone worldwide.
Is Dropship Formula by Neil Waterhouse Worth It?
When you’re thinking about whether Neil Waterhouse’s Dropship Formula course is worth it, there are a bunch of factors to weigh. Neil’s been around the block for over 20 years, which is a good sign he knows what he is doing. His way of personal contact every month and tons of email support is something you might like.
And hey, his students pulling in more than a billion bucks in sales is impressive too. But here’s the catch: not many reviews out there and the testimonials are only from his site.
Now, the cost of the course isn’t small potatoes. It’s narrow, focusing on a very niche-specific fast-tracking dropshipping, which might not be your cup of tea. Plus, the money-back guarantee doesn’t cover shipping costs – that’s a bit meh.
Neil’s wisdom, lesson structure, and email support are top-notch, no doubt.
But shelling out $397 an hour for a mostly solo Aussie course feels like a stretch.
Is dropshipping from Walmart to eBay legal?
Dropshipping from Walmart to eBay can potentially violate the policies of both platforms. Many online marketplaces, including eBay, have policies against dropshipping from retail competitors. While it might not be illegal, it’s not recommended due to platform restrictions and potential negative consequences.
Will eBay ban you for dropshipping?
eBay can suspend or penalize sellers for violating their dropshipping policies, especially if products are sourced from retail competitors like Walmart. Engaging in prohibited dropshipping practices could result in account suspension or other penalties.
Is it OK to drop ship from Amazon to eBay?
Dropshipping from Amazon to eBay can also be problematic. Amazon has strict policies about dropshipping, and using Amazon Prime to fulfill orders on other platforms is generally not allowed. It’s important to review and adhere to the policies of both platforms before engaging in cross-platform dropshipping.
Do you have to pay taxes on eBay dropshipping?
Yes, you are typically required to pay taxes on income earned through eBay dropshipping. Tax obligations can vary depending on your location, the volume of sales, and applicable tax laws. Consult with a tax professional to ensure you’re meeting all tax obligations correctly.
Does Neil Waterhouse provide any updates to the course content to keep up with the latest trends and changes in the dropshipping industry?
Neil Waterhouse Coaching does update its course content to keep up with the latest trends and changes in the dropshipping industry. They conduct dropshipping seminars and dropshipping workshops for any changes that students need to know.
Neil Waterhouse’s Dropship Formula course comes with its own set of good stuff and not-so-good stuff. On the bright side, Neil has real expertise and experience. He’s all about giving you personal attention, and his support system is pretty strong – all good things, right?
But let’s keep it real. The course can put a little dent in your wallet, and it’s pretty glued to a certain niche and platform. Plus, don’t forget that if you’re not happy, the money-back deal doesn’t cover shipping costs.
Sure, the course gives you some golden nuggets of wisdom, well-put-together lessons, and super email support. But hang on, that $397 per hour might seem a bit steep, especially since it’s mostly Neil doing the talking, and it’s mostly about Australia.
Nothing against the course but, if you peek at the other side of the fence, options like Ecom Elites give you a whole buffet of topics to learn from, making your learning journey a bit more rounded.