Another full month on Amazon FBA and things have improved over last month. Have also added Ebay to the mix and will report on my Adsense which I left out last month. All a part of the multiple streams of income. Main income is still photography of course and I leave that out of my report.
Amazon in general has slowed down quite a bit, typical for the summer months. Had a few big dollar items sell this month so that helped out to not only keep pace but put me over last months total and increased my ROI. I have backed of retail quit a bit this past month and have sourced mainly from thrift and garage sales.
This is a screen capture showing that with $374.23 (less than last month) of goods purchased (again 109 units) they were sold on Amazon for $2349.73 with Amazon taking their cut of $671.68 I was paid $1,678.05. So after cost of good is taking out I had a gross profit of $1297.07 (increase of 459.63 over last month) which was a Return on Investment of 346.6%
As mentioned I did start up my Ebay store this past month. I had one several years ago and mainly sold “Fine Art” photos. This time around I started with things I had laying around the house such as DVDs and copies of Skin&Ink magazine. Also while Im out sourcing for Amazon items Im working on keeping my eye out for Ebay only items, things that I can not sell on Amazon. Clothing has been the easy item, when the thrift shops price them right. They are making it harder by pricing the good items out of range for resale.
I don’t have eBay in my spreadsheet yet (next project) So Im basing the following off their reports, actually piecing together since they haven’t released June report yet
Total Items Sold: 17
Gross Total: $268.58
Little difficult for me to piece together the fees and shipping right now, maybe around $50, but ill have that in next months report.
Adsense continues to be a good little paycheck every month or so. I still have a couple niche sites that are bringing in a little bit and then the videos I make on a couple channels bring in the majority. So both are a good thing for those that have blogs. This month I received $174.29
Goals and Look Ahead
All together my Multiple Onlie Streams grossed $2792.60 which was about $207 short of my goal of $3000 for last month. I’m still happy with that result.
I am only shipping to FBA only once a week like I wanted to so this has brought my in bound shipping down some. Also have not had to much in supplies in June either so again that has helped overall profitability.
For July I’m going to increase my goal just a bit, knowing that I just missed last month and July can be one of the slowest selling months. So I’ll shoot for $3200.
Big goal for me is to get everything I have listed on eBay and to keep up with it. Also to go through the rest of the house and clean up and get unwanted items listed or sent to FBA.
I also want to look more closely at wholesale and online sourcing just in case thrifting doesn’t improve. I think being in San Diego there will always be garage sales but if I want to grow I have to find other sources of inventory.
So what about you, what are your goals for July?