Jack McColl is the founder of Credit Stacking, where he teaches entrepreneurs how to fund their next big idea without terrifying debt.
His latest offer is an automated ecommerce store.
“We can build you a passive ecom store in just the next 60 days,” Jack explains.
“When I started in ecommerce eight years ago, I had zero experience and certainly no passive income. Now I have four stores making me a six-figure passive income,” he brags.
“And if you don’t think it’s real? Look it up,” Jack continues.
“I’ve been featured on a variety of different podcasts and programs where I talk about my ability to get access to money and allocate it to new passive income opportunities, such as ecommerce stores.”
“I’ve been featured in dozens of publications like Bloomberg, Entrepreneur, and USA Today, discussing these strategies.”
“I’ve also spoken at a variety of different business conferences alongside other names you’ve definitely heard of.”
Jack shows one of his stores that did almost $69,000 in the last 28 days.
Another one did just over $23,000 during that same time.
Good for him. Why should you care?
- Ecom revenue has doubled in the last five years and it’s projected to double again in the next five years.
- Retail stores are struggling.
- Investors are moving more of their money into digital assets and online stores.
- This is your golden opportunity.
- Jack’s cashing in on ecommerce and so should you.
But he’s not a fan of selling on Amazon, which is notorious for holding funds for up to six months.
And Walmart has recently terminated 50,000 stores.
What about Shopify? It’s confusing and you have to run ads just to sell products.
“These are the old ecommerce strategies,” Jack rants.
“And the bottom line? Most people with online stores are using these old ecom methods, racking up debt, and losing tons of money.”
“And this is a tragedy because there is one ecom method right now that’s actually working well for people.”
So what is it?
How’s Mr. McColl making all that passive income without having funds held or getting banned?
“The secret is a unique hybrid model that’s built on Facebook,” he says.
“Facebook has over nine times more users than Amazon or Walmart. More users means more customers.”
“We combine dropshipping with Facebook Marketplace and Facebook Shops,” Jack explains.
“It’s the ultimate combination for a winning passive income business.”
“Most ecom stores are lucky to see 15% profit margins; we see anywhere from 20-40%.”
What types of products do they sell?
Jack’s team has a software that scans the internet for the hottest-selling items.
So they just let the data decide.
Generally, it’s just random stuff you’d see around the house.
Facebook Marketplace allows you to sell for free and Facebook Shops only charges a 5% fee per shipped item. So it’s still great margins.
And don’t worry, your Facebook friends won’t see any of your selling activity, unless you want them to.
Okay, but how much can you realistically make with one of these setups?
“One store should have an average profit of about $1,500 to $3,000 a month,” Jack says.
“That’s $18- to $36,000 a year, all passive, once it’s launched.”
“It’s your store, you own the store, the money gets deposited into your bank account,” he clarifies.
“At the end of the month, we invoice you for a percentage of the profit generated.”
No mention of initial fee, profit split, or guarantee.
I don’t see this being a sustainable business model.
Besides, Facebook is a dark alley in a war-torn village of the internet. I try to stay away.