Bank Ramp is a new training program by Jamie Lewis that you can supposedly make an easy $200 a day with or more. But… Is it really? Or is this possibly just another online scam that is going to be a ripoff?
I’m guessing you probably came across the somewhat ridiculous video presentation for this new program. You know, the one pictured below titled “how does making an extra $200 a day forever sound?”…
The reason I’m guessing you came across this video is because it is definitely over-hyped and just makes it all seem a little bit too good to be true.
And as we all know, if something sounds too good to be true then it probably is. This statement is particularly true when it comes to “make money online” programs/systems because there are a heck of a lot of scams out there when it comes to these sorts of things.
The Promo Video…
In the video Jamie Lewis is driving around in a sports car talking about how great his new program is. He claims that you can convert one dollar into $8 every couple minutes and that this is one of the latest “Internet hacks” he is revealing to his students.
At one point he is showing all the income he is making on his phone and seems to take both hands off of the steering wheel. I just thought it was strange because you could still see that the car was moving by looking out the window yet he had both hands on his phone. Maybe the camera guy was steering or something?? Who knows.
But anyways, that doesn’t matter too much.
Jamie, who is famous for really throwing over-the-top sales pitches at you, describes his new system like this: “we’re talking just 15 minutes to set up, active, and then BOOOM… results”.
Really…? It just takes 15 minutes to set up and then BOOOOMMMM… Just like that?
Sounds pretty simple.
He even makes it sound more simple when he says that it requires almost no learning and that it is “almost comedic” how simple it is. And that “by the end of this video you are going to be selling like your account is a machine gun”. LOL.
But of course things aren’t always as they sound and this is definitely not going to be as easy as you are led to believe, as you will now see in my review…
Bank Ramp Review
- Creator: Jamie Lewis
- Product Type: Ecommerce training
- Price: $37 + upsells
- Recommended?: No, and you’ll see why
As you already know, Bank Ramp is the creation of Jamie Lewis, which he describes as the simplest and most direct method for anyone to make an income online.
However, as I just mentioned above Jamie is famous for over-hyping products and making them sound a lot better than they really are.
He’s always pumping out new products and it seems that he is much more focused on pumping them out fast and making himself as much money as possible rather than really delivering good quality programs. Some other products of his I recently reviewed include Wealthy Agency and Profit Injector.
This program in particular is focused on drop shipping.
What is Dropshipping?
Dropshipping is when you sell physical products online via e-commerce but never actually have to deal with inventory or anything like that. Basically what you do is set up an online store and load it up with products. Then you send traffic to your store and when someone purchases products and pays you, you then purchase the product directly from the manufacturer and have it sent directly to the customer.
It may sound a bit complicated but it is actually a decent online business model that I have had experience with in the past, as I will go over in a little bit.
But again, it definitely isn’t as easy as Jamie makes it seem.
What You Get When You Buy In
The core of this program consists of video tutorials that cover the basics of dropshipping and get into more detail on different types of drop shipping, advertising, etc.
Things covered in the tutorials include the basics, Shopify, eBay, advertising on Instagram, etc.
Some of the training videos are made by a guy named Matt. I’m not completely sure who this guy is but he claims to have been making a ton of money dropshipping and it does seem he knows what he is doing.
In addition to the training you also get access to suppliers and resources, which really isn’t much because finding dropshipping suppliers is super easy in the first place.
The Garage Sale Finder
I want to specifically talk about this feature because I find it really strange. Yes, when you buy into the system get access to a garage sale finder which will locate local garage sales in your area.
The idea is that you can find items which you can then resell online at a higher price, making a profit.
But why the heck would they include this in a program like Bank Ramp? Reselling items from garage sales is an entirely different ballgame. It’s a hit or miss type of business and definitely something you cannot just run on autopilot, as Jamie describes in the sales video.
The Cost + Upsells
The upfront cost is only $37, which is an anything bad. However, there are upsells that you will be pushed into as well.
The first upsell is for $194 and it is where they will provide you with done-for-you campaigns. Then there is another $174 upsell for additional training.
And you cannot forget about advertising costs. With dropshipping you’re going to have to drive traffic to your products. The way to go about this is with paid advertising, which is an easy way to blow through a heck of a lot of money really fast if you don’t know what you are doing… And I’m not so sure that this program is a good place to learn.
The Promo Video Is Misleading
Not nearly as easy as they lead you to believe it is
As you know, making money like this is not nearly as easy as they make it seem.
You don’t just set up a system in 15 minutes and then “BOOM” you are making money. That is a load of crap.
You have to find the right products, you have to do research into the audience that is interested in whatever type of products you chose and you have to organize campaigns and advertisements that target that audience.
It is not a walk in the park and a heck of a lot of people fail at this type of thing, I know from experience.
I was involved in dropshipping for a few years and got into it after buying a course for over $2000. It was a much more in-depth course than this BankRamp program provides and even with that I didn’t do all that well. At one point I was making over $100 a day in profit but that did not last long and eventually I gave up, probably having lost a lot more money than I ended up making throughout the course of the couple years I was doing it.
And… If you think you are just going to be able to advertise and rake in the money on your first try, think again. You are likely going to have to go through a bit of trial and error beforehand, which means you’re going to need some money you can blow through upfront.
Remember, you have to pay for the products
Something else that I saw was really misleading in the video presentation was the income screenshots they were showing. Jamie and Matt (the guy in the car with him) were showing all the money that people were making. However, with this business model you have to remember that you aren’t keeping all of the money that comes to you, because of course you have to purchase the products.
The customer pays you and then you purchased directly from the manufacturer. That is how it works.
Conclusion – Scam or Not?
I’m not going to call it a scam but I think we all know that it isn’t as good as it seems.
Just as I was expecting early on when I saw that it was a product by Jamie Lewis, I was guessing that it was going to be a letdown. As already mentioned, this guy pumps out the products like crazy and they usually aren’t anything all that special. Sure, some people may make some good money from the training they provide, but most people probably aren’t going to.
Personally I wouldn’t buy this program and I am not going to be recommending it to my readers.
Also, although dropshipping is a legitimate business model where a lot of money can be made, if you are thinking about getting involved in this you need to be aware of the risks. You are not going to hit the nail on the head the first time. That is highly unlikely. You’re probably going to have to blow through a bit of cash in advertising before you find something that works, if at all.
I’m just trying to give you realistic expectations here.
If you are a beginner looking to make money online and want to get involved in something that is less risky, then I suggest affiliate marketing. It is less complicated and doesn’t require near the cost. You can read my guide here that I put together which goes over exactly how I make a living doing this and how others can get started doing the same.
Comments or questions? Leave them below and I’ll get back to you as soon as I can 🙂