You have probably seen Mike Sancho, the self-proclaimed automation king, on Facebook and YouTube ads. In these ads, he explains how he can help you start your Amazon FBA business and skyrocket your income in just a few months. Sounds tempting, right?
At the same time, it might seem like a red flag as the Internet is full of scammers. So, if you’re looking for a reliable Wealth Accelerator review, you’re in the right place. Here I’ll tell you everything about Wealth Accelerator’s creator, its overall strategy, and most importantly, public reviews.
But before we go any further, I need to be up front with you: I have major concerns with this business model. I have personal experience selling on Amazon, and I don’t recommend it to beginners.
Why? If you are new to making money online, you really need a more beginner friendly business model. It takes serious marketing chops to succeed on Amazon, and it is much more difficult than it once was. You you need a business model that pays you on autopilot without having to continually hustle to find new products to promote, deal with sales tax, refunds, shipping, etc. Check out this video that shows you how to setup an autopilot business using google maps.
Here’s a video of my daughter’s business using this :
The course my daughter used above is much better than the Wealth Accelerator program. But since you are here to learn about Wealth Accelerator, lets get back to our review of that:
Who Is Michael Sancho? – The Man Behind Wealth Accelerator
Nearly 4 years ago, Michael Sancho founded Wealth Accelerators Service Inc. to help new entrepreneurs generate more passive income. He is also the Chief Executive Officer of the company and claims to work with a strong and experienced team.
He studied Business Finance at Florida Southern College, yet he believes self-education is the key to his success. Preferring not to work under a nosy boss, Mike started investing nearly a decade ago while he was still a teenager.
He learned new strategies for making money, and worked as an investor, real estate entrepreneur, Affiliate marketer, Forex trader, and E-commerce builder.
Not much is known about Mike’s net worth, but he’s considered a millionaire and claims to have earned 20 million+ from sales.
What’s Inside Wealth Accelerator’s Money Making Program?
Mainly, Wealth Accelerator sells already prepared Amazon FBA shops that you can obtain by investing upfront. Here’s what you get from the deal-
- A complete Amazon FBA shop that generates money on every sale.
- A team that will do your promoting, packaging, shipping, as well as managing your customer services; you get to become a ‘silent investor.’
- A business operated by Wealth Accelerator’s team who will use your initial investment for inventory purposes.
- Shared profits from the sales. Although, it’s not mentioned what the percentages are or how much an FBA store costs.
Wealth Accelerator Services – Public Review
Before investing in a program you should always go through the public reviews. Unfortunately, not many reviews are available for Wealth Accelerator on Reddit, Quora, and other Internet forums which raises a red flag for me.
I did manage to find a review on Facebook. It was written by Tandi Reiff who says: “Thank Goodness I ran across Wealth Accelerators! They are Amazing! I’m just getting started again, and I’m so happy to be here! Success is around the corner! This Team is Legit!”
As I found this review on the private Facebook group of Wealth Accelerator, it seems legit. It can help if you already have a running store, but otherwise, you might have to wait for 6 months or more to get your first sale.
Let’s see some testimonies provided on the official website of the company.
An investor Ian Du says, “I purchased a $50,000 Amazon package for myself. Obviously, some hesitations came out when I did that. But I decided to give it a shot. So, it’s only been a month, and I’ve already seen almost a thousand dollars in revenue within seven days from the store.
I didn’t expect to make a cent until at least a half-year mark. But it’s crazy to see four figures on your Amazon account starting so quickly.”
Generating $1000 in just one week is certainly astonishing, and to be honest, I’m not sure if I buy it. However, it’s not impossible, and sometimes things really do work out for some people.
In his testimony, Kylen Murphy says, “I’ve been an Amazon seller for 2 years now. But it wasn’t until I got in contact with Wealth Accelerator that I really started to see meaningful results. From month one, they started absolutely crushing it on my store.
Now I’m in month four, and I’m already approaching the six-figure month mark in gross sales.”
So while not everyone can generate money from the first month, if you’re lucky and have proper support, it is definitely possible.
Another investor Ash Rugal states, “My story started about a year ago when I started my Amazon store. Unfortunately, my account was suspended, and I tried many times to recover it, but I couldn’t.
With their (Wealth Accelerator) professional way, they tried their way, recovered it, and took over my account. Right now, I’m sitting back and watching sales coming to my account.”
So, not only will Wealth Accelerator take over your account and generate sales on your behalf, but they will also solve any technical issues with your Amazon store. You don’t have to do anything except invest and share the profit.
Now, my issue with these reviews is that they are all from Mike’s YouTube channel so you can’t really tell if they’re telling the truth. What’s even more alarming is that they disabled their Better Business Bureau (BBB) page a few months ago and turned off the comment section of most of their YouTube videos.
Right now, there’s only one review on their BBB page where Bryan D says, “Poor communication, poor follow-through, and poorly run. 7 months in and still struggling to set up my store. Not worth the money and time spent on the phone.”
If you have only one review on the page and a negative one at that, it’s not a good sign. Would you spend your money on a program like that? Probably not.
So, how do you choose the right wealth accelerator program? This comment by Randell Reade might help you find out.
He says, “There are good accelerators and bad ones, and plenty in between. They will all proudly tell you how many companies they have, how many graduated, how much money was invested in them, their employees, the cool workspace they provide, the mentors, etc.
Don’t be dazzled by it. What matters is how many companies were successfully launched.”
This means you need to focus on how many people could kick off their businesses and establish a successful company using the accelerator program. Take the yearly profit into consideration before investing in any programs.
Should You Go for Wealth Accelerator? – Final Verdict
Let’s address the vital question here. Is Wealth Accelerator legit or a scam? From the Wealth Accelerator reviews above, we can all agree that it’s not a scam. This company will help you to start your Amazon FBA business without stealing your money.
But do I recommend Wealth Accelerator? Well, it depends on your experience and financial condition.
If you have previous experience in running Amazon stores, it can help you generate better revenue. However, according to several sources, it costs $25K to $50K. So if you can’t generate cash within a year, it’s not worth the money.
Also, the lack of reviews on public platforms and social media is alarming. I personally wouldn’t go for a program with no positive, trustworthy reviews. I suggest you go for a better-known platform that’s more transparent and comprised of more reliable persons.