Welcome to my review of Bank Ramp.
This is a new ClickBank product created by Jamie Lewis, a well known internet marketer. The product costs $37 and consists of some training videos on making money with dropshipping.
Read on to see if it’s legit or just another scam.
Bank Ramp Review
The Bank Ramp website (www.bankramp.com) is basically just a video of Jamie Lewis, and a headline that reads “How Does Making An Extra $200 A Day FOREVER Sound?”
I think most people would like the sound of earning an extra $6k per month “forever”.
The sales video features Jamie Lewis and his buddy ‘Matthew’, driving around in a Ferrari, showing income screenshots on their phones.
I wouldn’t call it super ‘hypey’, especially when you look at the amounts he’s showing you. But in my opinion, he is making everything sound ‘quicker and easier’ than it really is.
It is totally possible to make $200 per day online. I make more money than this myself doing affiliate marketing, so I can personally attest to this. But what sites like this don’t tell you is that it takes time, effort and persistence.
Making real money online NEVER happens quickly or easily when you’re first starting out.
There are also other factors you need to consider when it comes to making money this way. Such as how you are going to get people to actually visit your store in the first place. And this will either take you a fair chunk of time or a lot of money.
Anyways, read on to see how this program works in more detail…
How Does Bank Ramp Work?
As I mentioned earlier, this is a training program that teaches you how to make money doing dropshipping. Which is a form of e-commerce where you sell physical products online, without stocking any inventory.
The way this works is fairly simple..
When someone comes to your store and makes a purchase, instead of you shipping the product, you place an order with your supplier and they ship the product directly to the customer.
The suppliers you work with are normally based in China and you are buying from them at wholesale. So you make the difference between what the customer pays (retail) and what you pay your supplier (wholesale).
This is definitely a legit business model and people really do make money this way. But it’s not as simple as many ‘gurus’ make out.
Let me explain..
For one thing, there are a lot of moving parts with this business. You need to setup your online store, get people to buy, organise reliable supplies to ship your products, deal with returns and complaints etc.
Second, you need a steady flow of quality traffic. And as I mentioned earlier, it takes either a good amount of time to grow this OR you can buy traffic, which can literally cost you $1,000’s before you even see a return.
I’m not saying this to put you off, not at all.
I’m saying this to give you realistic expectations. Because like ANY worthwhile endeavour, this will take time and effort. It’s not a ‘system’ that you can just plug into and start watching the money roll in.
Anyways, the cost of the training is $37 and shows you the basics of dropshipping using a Shopify store, and on eBay and Amazon.
And if you do buy, there are some upsells in store.
The first one is some ‘done for you’ campaigns’ for $194 and the second is more training for $174.
Not to mention, as you start attending the webinars mentioned within the members area, I’m guessing there are more upsells that run much higher than this.
This is how guys like this make their millions- it’s not by selling you lots of $37 products. It’s by getting you in the door with these, and then upselling much higher ticket products down the line.
I guess that’s fine, as long as the upsells are actually worth buying.
Verdict – Is Bank Ramp a Scam?
No, Bank Ramp is not a scam in my opinion.
As with most ClickBank products though, there’s always a good measure of sales hype to draw you in.
I personally don’t think it’s extreme though. Jamie definitely knows what he’s doing and uses all the classic sales tactics, but it’s not over the top compared to many other programs I review.
Either way, he knows what he’s talking about so chances are you will learn something here. Which means it is probably worth the initial investment if you’re a newbie looking to learn how to make money with dropshopping.
If you are going to build a dropshipping business though, I do recommend factoring in a LOT more than $37 as your startup costs. Because when you factor in the upsells and the cost of traffic, that simply won’t cut it.
Whatever you decide, I hope this review has been helpful.