September is here and Q4 is around the corner (I hope) So time for the August Income Report.
Amazon didn’t improve much over last month, just a few bucks more. Was doing quite well but only averaging a sale a day at most. Could be because I have been concentrating a bit more on eBay. I like the instant payment instead of waiting 2 weeks, even if I can get more. Have to work on that a bit and kick start Amazon again.
This is a screen capture showing that with only $110.51 (just a bit more than last month) of goods purchased (59 units again this month) they were sold on Amazon for $1,179.97 with Amazon taking their cut of $314.84 and I was paid $865.13. So after cost of good is taken out I had a gross profit of $754.62. Return On Investment was down a bit more this month at 682.9%.
Ebay went down a bit as well this month. Not as many big homer items (i.e. lego sets) did have a few more sales from Bonanza as well but not enough to stay with their Gold program. Cost of goods was $118.88 and got paid $1,858.60 which after fees and shipping costs I netted $1,279.13. Return on investment of 1076% which is down just a bit over last month again.
Still better returns than Amazon.
Adsense payment came this month and it was my best yet at $228.41! This is with niche sites and 2 youtube channels. The niche sites are doing really well right now, gonna have to go back and do some more posts on them 🙂
Goals and Look Ahead
So lets take a look at all the streams I have besides the photo studio.
Online sales: $2618.15
Merchant Accounts: $0
Secondary income dropped this month by about $700 which I can understand cause my sourcing went down. Only one FBA shipment and many weeks of just staying at home. Lot of it was health reasons but I need to push through that and get out there more during the week, even if I only find an item or two thats better than nothing. I have found a wholesale source that I may be pulling the trigger this week (small order) Problem with wholesale is that the margins are smaller and need to sell more. Like a $9-10 item that will sell $18-20 will give me a $5-6 profit after fees, So I need to see in volume. These items I would be doing on eBay because Amazon is selling at stupid prices. We shall see.
Still shooting for that elusive $4k month for combined secondary income.
So what about you, what are your goals for Nov? How did you do in Oct?