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How I Made $1,618 in Profit on Amazon in October
Profit & Loss Report #22 for my low maintenance Amazon FBA business.
With almost two years of this series complete, it’s a great time to explain to new readers what these posts are about.
I have run a specific type of business on Amazon for the better part of a decade, that I originally created in college.
In the non-fiction book world, there are a number of market imbalances that can be taken advantage of:
People will overpay for books (or anything really) that are shipped with super fast shipping
Tons of sellers underprice their books (that we can buy from)
The market is cyclical, with some books rising as high as 500% every year around the same date
This business takes advantage of these imbalances and provides liquidity to the overall market.
I’ve tried a ton of different side hustles, but this one has stood the test of time.
To see examples of actual transactions, check out this recent post:
This series is a documentation of the performance of this business.
It is not an attempt to brag. It is an attempt to provide transparent evidence that proves what is possible, if you put the work in.
In Profit & Loss Report #21 we hit just under $2,500 profit for the month of September and a total of nearly $37,000 in profit for the year.
Another $1,000 in profit means we will have matched the total profit this business made in 2021.
While that may not sound impressive to some, it is respectable considering how little time is spent operating this business.
It requires 30 minutes per day at most and often requires less.
October is one of the many slower months following the busy season of August where not a whole lot of activity.
Here is what we accomplished:
Before you get excited, most of this revenue is non-book related. After tallying up the book data, the following remains:
Total Sales: $4,761.74
Books Sold: 62
Cost of Goods + Fees: $3,143.31
Total Profit: $1,618.43
Hours Worked: ~5
Average Profit Per Book: $26.10
Total Profit for 2022: $38,547.07
With that, we have now eclipsed our total profit from 2021. Beating last year wasn’t an outright goal, but it’s nice to see some growth.
That’s right, people still buy physical books in late 2022. They aren’t going anywhere.
As we head into November, a ton of capital is being deployed on the buy side in anticipation of the upcoming January busy season.
In the off-season, you can still make good money but it requires more attention than I’m willing to give.
Like I said, 30 minutes per day is my ceiling.
Before I let you go, take a moment to consider how crazy this little side hustle is.
Over $38,000 in profit made in just 10 months time.
I know a lot of people that could use an extra $38,000.
All you have to do is put in the up front effort required to learn the system and execute it.
From there, it’s a simple numbers game of reinvesting your profit.
When you are ready, there are three different ways I can help you: