Episode 152 : 3 Business Scams That Cost Me $100,000 (Red Flags I Missed)

Want access to the FREE community I recommend for eCommerce sellers? Check it out here: https://www.bit.ly/mstgroup In this video, I share the 3 business scams that cost me over $100,000 as a seasoned entrepreneur, and the red flags I completely missed. If you’re in eCommerce, Amazon FBA, or building an online business, this is the video I wish I had seen years ago. These weren’t obvious scams with typos and fake websites, these were well-crafted, “legit-seeming” operations that even fooled experienced entrepreneurs like me. From wholesale community collapses, shady “done-for-you” programs, to FTC-busted dropshipping courses, this is your real-world anti-scam blueprint. What You’ll Learn: • How to spot fake reviews & testimonials • The 5-step “Trust But Verify” system to avoid scams • The #1 red flag even experienced business owners ignore Whether you’re a new entrepreneur or seasoned business owner, this will save you thousands in tuition you’ll never want to pay. 👇 Drop a comment if you’ve ever been scammed in your business journey. Let’s learn together. Amazon sellers and eCommerce entrepreneurs over $5k per month in sales: If you're ready to scale your Amazon business to new heights, APPLY HERE to join the Business Building Legends community: https://www.askjimmysmith.com/legends Not there yet? If you're just starting out or earning less than $5,000 per month on Amazon, YOU are why I make all my best resources FREE. I have nothing to sell you. Access my FREE 30-day training and other tools here: https://www.askjimmysmith.com/freetraining Chapters : 00:00 - Introduction: How I Lost $100K 00:27 - Why I'm Finally Sharing These Scams 01:11 - The Truth About Taking Responsibility 01:50 - Scam #1: Wholesale Amazon Community Collapse 04:37 - Red Flags I Missed with Scam #1 05:46 - Scam #2: “Done For You” Program Nightmare 07:58 - The Class Action Lawsuit & Chargeback 08:17 - Scam #3: Dropshipping Disaster 09:32 - Other Losses: Real Estate & Crypto Bots 10:56 - Total Loss Recap & Lessons 11:40 - Top Red Flags in Online Programs 14:26 - The Framework I Use to Avoid Scams Now 17:42 - What to Do If You’ve Been Scammed 19:26 - The Real Lesson Behind Losing $100K 20:33 - Final Thoughts & Protecting Your Future Other eCommerce Training and Business Building Links: Free Amazon Facebook Group: https://bit.ly/mstgroup The Proven Amazon Course: https://bit.ly/paccourse eBay Training Community: https://treasurehuntingprofits.com Amazon Coaching (affiliate): https://bit.ly/jimcockrumcoaching eCommerce Accounting Services: https://ecommerceaccountingllc.com Replen Dashboard: https://www.replendashboard.com Affiliates and Discount Links: Aura Repricer: https://bit.ly/replensgoaura Helium10 (Discounts): https://bit.ly/helium10ajs Disclaimer: While all of these success stories/testimonials are from real people and we get more each and every day, please understand however that the results posted are not typical. I'm not implying you’ll duplicate them or that you’ll get any results at all! Your results will vary greatly and will depend on many factors including your experience, work ethic and other factors as well. The fact is, the average person who buys any business course or training gets little to no results. The results I share here and in other places are for reference only. Business always involves risk and your best chance of success is to take consistent, intentional action. We can equip and inspire you, but no one, including me can guarantee your results! #OnlineBusiness #ScamAlert #EntrepreneurLessons