Team New Rich Mastermind Review (Richard Louie Course)
If you are new or just about to boost your eCommerce business, then you may have come across the Team New Rich Mastermind Course by Richard Jordan Louie. Frankly, the courses offered are priced exclusively at $1497 for the Foundational Course and $4997 for the High-Level eCommerce Marketing Guide, respectively.
Table Of Contents
- What is Team New Rich Mastermind?
- Who is Team New Rich Mastermind for?
- Who is Richard Louie, The Founder of Team New Rich Mastermind?
- What is Included in Team New Rich Mastermind?
- Team New Rich Mastermind Pros & Cons
- Pro's and Con's of Team New Rich Mastermind Review
- Personal Experience with Team New Rich Mastermind
- Team New Rich Mastermind Final Verdict
- Team New Rich Mastermind Alternative
What is Team New Rich Mastermind?
The course aims to help you from the beginner level, which will cover the setting up of a business and all the necessary knowledge to start a business. Meanwhile, a more advanced level course teaches you to scale your business from an already established foundation.
This review will thoroughly explain the contents and expected the outcome of enrolling in this course. Since the classes are highly-priced, it is vital to have a detailed look into what it offers, as this will be a hefty investment to the efforts of propelling your eCommerce business.
Therefore, read on as we explore Team New Rich Mastermind together to help you determine if this is the right course for you!
Team New Rich Mastermind is a brand name used as a platform to market and sell Richard Louie’s eCommerce mentorship programs. Two courses are available at the moment, namely, a Foundational Course and a High-Level eCommerce Marketing Guide. These courses are priced at $1497 and $4997, respectively. Both classes are targeted to help you on your way to creating a successful eCommerce business.
However, bear in mind to read the sales page thoroughly before enrolling. This is to ensure that your money is well spent because statements such as “first eCommerce course to watch” on the Foundational Course page may eventually prompt you to enroll in both courses amounting to $6494, which is a huge amount of money if you actually do not need both courses. Therefore, it is crucial to put in thought to confirm if the courses are necessary for you.
Make sure you read the entire review to make an informed decision if Team New Rich Mastermind by Richard Louie is right for you or not!
Who is Team New Rich Mastermind for?
Team New Rich Mastermind is for people who want to scale their small businesses from the basics of the store set up to advertising products. Furthermore, it also applies to those who wish to enhance the reach of their companies through online Ads.
Now, let us explore the details of the courses offered.
Who is Richard Louie, The Founder of Team New Rich Mastermind?
There is no fixed age in becoming an entrepreneur. This statement is proven by Richard Louie, who used the Information Technology era to his advantage. He managed to leverage the eCommerce space to his success and gathered a crowd of following. At 16 years of age, Richard hopped on the eCommerce band-wagon right after graduating college. Since then, he has established three successful online businesses such as eCommerce stores, Social Media Marketing Advertising (SMMA), and Real Estate. His revenue is generated from his SMMA business via Facebook Ads alone at close to $4 million.
Moreover, his monthly revenue amount to $40,000 per month through eCommerce. Like any other teenager, Richard is also active on social media, utilizing the likes of YouTube and Instagram to gain a wide following. On YouTube, he currently has just over 8k subscribers despite releasing only very few contents. Along with his 20,000 followers on Instagram, you may look him up by the handle @richardjordan. Richard’s Instagram features his lifestyle content, displaying luxuries he has attained.
Meanwhile, his YouTube channel covers more serious content comprising of eCommerce strategies, advice, and recommendations for eCommerce business owners. Given his success at a young age, he is featured quite rampantly on various YouTube videos, channels, and website articles. All these due to his achievement in the dropshipping business model. The most noteworthy feature of him is the interview with Graham Stephen titled “Meet the 18-year-old making $100,000 a month from Shopify Drop Shipping”.
All in all, Richard is an excellent example for everybody regardless of age who wants to build a successful eCommerce business.
What is Included in Team New Rich Mastermind?
At $1497, you will receive six modules with 20 videos and a few additional downloadable contents. This course focuses on scaling your business. Note that some added content may not be of Richard’s only, as he is likely to add contents of other eCommerce Gurus into the material he prepares for you.
Module 1 entitled “Complete Configuration and Set Up” teaches you how to set up your store on Shopify. It also shows you the establishment of a Limited Liability Company and corporation. You will get access to recommended themes and learn how to connect the domain to your store. This module comes with a Free Trial Link; however, it is an affiliate link, which means Richard will earn when you click the link and build a store.
Module 2 – “In-depth Product/Niche Audience Research” comprises three videos to cover how to find winning products, identifying the apps to install in your store, and the importance of margin in making profits.
Module 3 is all about “Facebook Ads” taught through a span of 7 videos with a duration of 5 minutes per video. The videos will cover:
- How To Set Up And Install Your Facebook Pixel
- How To Research Your Products and Buyers – Demographics &, etc.
- How To Set Up Your Ads Correctly To Get Your First Sale
- How To Read Analytics & Set-Up Columns
- Scaling Techniques
- The Metrics that indicate you should cut an Ad
Module 4 is an extension of Facebook ads knowledge entitled “Facebook Ads 2.0”. In this module, you will be introduced to PPE (Pay Per Engagement) advertising methods. You will learn how to convert it into a website conversion ad. Also, learn how to use breakdowns correctly and understand the utilization of the Conversion Window.
Module 5 is all about “Email Marketing.” This module exposes you to software that could help in this initiative and covers email sequences you should use to make this method effective.
The special module provides links to search for Richard on social media. This module includes a motivational excerpt to being persistent and not give up.
High-Level eCommerce Marketing Guide
This premium course will cost you $4997 to obtain more in-depth knowledge and skills from the ones in the Foundational Course. This course also gives a month’s access to Louie; however, the response is not guaranteed.
Opening Module preps you with several custom coded themes and templates. Also, you will get access to a “Shopify Free Trial,” but it appears to be another one of Richard’s affiliate links.
Module 2 is titled “2019 Ongoing Strategies” however, the contents are not fully eCommerce related and deemed as extra expenses such as preparing a product research checklist, a testing strategy, and how to hire Private Charter Flights for cheap.
Module 3 is the “Mastermind Sessions,” which makes up the most significant component of his content, with most relevant and valuable knowledge massed into one module. It covers approximately 30 topics ranging from “How to get a high converting score” to “Virality of Top Ads.”
Module 4 covers “High-Level Facebook Ads,” which is a more advanced look into Facebook Ads again touching on Conversion Windows, the discipline of cutting Facebook Ads and utilizing Breakdowns Tab.
Module 5 is a revert of contents to “Setup and Configurations,” which is suitable for beginners as it covers the setup of a Shopify store, Facebook Pixel, and adding a Favicon.
This course also comes with a Special Module that comes with videos on when and how to set up and LLC and tips to boost energy levels for higher productivity.
Team New Rich Mastermind Pros & Cons
The course comes with good quality videos
Only Facebook marketing strategy
There are other marketing strategies that could better target a broad audience base. This includes Google Ads, Google Shopping, Instagram Marketing, Sales Funnels, Email Marketing, Chatbox Marketing, and Search Engine Optimization (SEO), which are very useful to eCommerce businesses in driving traffic.
Unnecessarily high asking prices
Both courses are priced at $1497 and $4997, respectively, which are not affordable prices for people who are just starting a business. It causes skepticism that Richard would charge his courses at such high rates, given the monthly revenue he is earning. Only by enrolling in his courses will weigh down your budget and put a strain on your savings.
Contents given are plucked from other eCommerce sources
Given the high asking prices for both courses, users would expect to receive content from Richard Louie himself concerning tactics, expertise, expert knowledge, and experience at such a young age. However, his courses are a mix and match of his and other people’s contents, which depletes his credibility in the eyes of users.
Only the Mastermind Session offers the most comprehensive and valuable contents
Users would have to enroll in the High-Level e-Commerce Marketing Guide at a higher price to get access to the Mastermind Sessions, which is the most significant section of the course that offers the majority of the course content. Hence, obtaining valuable information from these courses come at a high price.
Personal Experience with Team New Rich Mastermind
The pros and cons list speak for itself. I wouldn’t sign up with a course where there are more negatives than positives.
Team New Rich Mastermind Scam?
Nope, Team New Rich Mastermind is not a scam however, there are definitely better courses out there you can get like eCom Elites.
Is there a Discount Code?
There is no discount/coupon for Richard Louie’s Team New Rich Mastermind course.
There are other sites claiming they either have Team New Rich Mastermind Coupon or Team New Rich Mastermind Discount but, this is definitely not true. Also, Team New Rich Mastermind Nulled or Team New Rich Mastermind Free is not a thing.
Team New Rich Mastermind Final Verdict
The cons of Team New Rich Mastermind outweigh the pros; only the disadvantages of the course are obvious.
Both courses available now are linked to help you establish a profitable eCommerce store from the ground up. The classes are segregated into a beginner level course and an advanced store owner’s course, which could eventually prompt you to sign up for both amounting to about $6.5K worth of money.
One of the tip-off points for me is still the unreasonably high price points for the courses. It does not make sense to charge so much when you have already established a consistent monthly income, and you genuinely want to help others. Also, the courses target business owners who are just starting out or just beginning to scale their business. Instead of helping, enrolling in this program will take a toll on the initial capital for business owners, to start with.
Content-wise, it is a mix and match of Richard’s content with contents acquired from various other professionals in the industry. This does not match the expectations of the course as users are paying to learn expert knowledge and skills from the man himself instead of having multiple sources amassed into one class. Hence, Richard should share in-depth his expertise and experience and merely use other Gurus as inspiration or sources of references for his course.
In my opinion, business owners should search for cheaper alternatives in the market that will not put a strain on their budget for scaling their business.
Team New Rich Mastermind Alternative
Now I have personally bought a ton of dropshipping courses out there. I even review a lot of them on my blog. Generally, these gurus try to sell you a lifestyle of getting rich and successful that’s why they charge a ridiculous amount for the information they sell.
Their courses typically aren’t even comprehensive at all. They focus all their efforts trying to market their course so, they can make more money from course sales.
I do however think that dropshipping courses are worth it if they are good. They will save you a ton of time and hassle that’s why I highly recommend a solid dropshipping course.
I have been dropshipping for a long time and I have built profitable stores (I currently do affiliate marketing though) and I highly recommend you check out this course called eCom Elites. (I did a review on this, make sure you read it!)
It’s by Franklin Hatchett who has been doing dropshipping WAY before it was famous.
This course definitely has helped me increase my eCommerce income before. However, I don’t do dropshipping anymore because I am focused on affiliate marketing.
Now, this is not another expensive garbage guru course. It’s one of the best & most affordable dropshipping / eCommerce course out there.
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