Damn its already August, but Im ready for this Summer to be over with. Tired of the heat and humidity. July was alright income wise, its supposed to be slow online sale wise. Amazon was down a little but ebay was up of course being a full month of listing. So lets see how it breaks down.
Amazon was slow again, Summer, but picked up towards the end of the month and had a few home runs. I continue to send in once a week, well I did skip one week cause the sourcing wasn’t as good.
This is a screen capture showing that with $242.57 (less than last month) of goods purchased (only 76 units this month) they were sold on Amazon for $2061.24 with Amazon taking their cut of $507.11 I was paid $1,554.13. So after cost of good is taking out I had a gross profit of $1294.80, which was only $3 less profit than last month so that is great. Return On Investment even went up to 533.8% from 346.6% last month. Source items from thrift and garage sales instead of retail has helped quite a bit (and lowered stress)
Ok started tracking ebay sales in the spread sheet so here is the July’s total for 47 items. Cost of goods of $75.13 and got paid $1017.26 which after fees and shipping costs I netted $711.17, Return on investment of 946.6%.
Better returns than Amazon but a lot more work as I have to ship everything myself and store it at home.
Adsense balance is at $72.53 for July so wont be paid till next month. Looks like hydroponics youtube channel dropped a bit, need to get the garden going and get some more videos up there.
Goals and Look Ahead
So with all that I finally cleared the $3K benchmark so happy there. Supposed to be ramping up for the Q4 season which is supposed to be the good months for sales so this month’s goal for online stream will be $3,500.
Still need to look 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.
Also this report is just for the online streams. I also have the photo studio of course and the web design/hosting business as well (which did a little over $700 last month) I may consider putting that in the report in the future, it is another stream besides the main business. Have to think about that.
So what about you, what are your goals for Aug? How did you do in July?