Discover more from The Introvert Entrepreneur
How I Made $13,000 on Amazon in August
Profit & Loss Report #20 for my low maintenance Amazon FBA business.
To read last month’s P&L Report, head here:
After the long grind from February to July, we arrived at the busiest month of the year: August.
Not only is August busy, but the way in which my business operates changes during these busy “seasons”.
When things aren’t busy, the idea of the business is to capitalize on an arbitrage opportunity that exists because of shipping speed.
When you pair this arbitrage with finding good deals around the internet, you make the type of money we have made all year so far in 2022 with hardly any time investment ($21,000+ profit through July).
This changes in August and January.
During these periods, you can predict books that will increase as high as 5-8x in value with great accuracy.
So while we are still taking advantage of shipping time arbitrage, we are also capitalizing on the rising tide of prices that comes with this time of year.
Like I broke down in the last update, I made a list of 100 books I felt had the best chance to spike in value and bought multiple copies of each one.
With that being said, let’s dive in and see just how well we did.
Total Sales: $33,734.41
Books Sold: 335
Cost of Goods + Fees: $20,734.80
Total Profit: $12,999.61
Hours Worked: ~10
Average Profit Per Book: $38.80
Total Profit for 2022: $34,431.76
This is the most profit ever recorded in one of my public profit & loss reports, since starting this in January of 2021.
We are only $4,000 in profit away from beating our total profit for all of 2021 combined.
While I have no goals for profit or revenue, I did want to make sure this August was a good one.
It is always my goal to show people what is possible and we did just that.
I haven’t sold every book that I purchased for this busy season, but I sold most of them as well as some existing inventory I had.
September will be far more average when it comes to numbers.
Moving forward, things go back to business as usual until the holidays.
At that time, we will be taking the profit from August and gearing up for another busy season in January.
I hope this opens some eyes about what is possible.
I made $13,000 profit in a single month and only worked about 10 hours.
I am not special, I’m not a genius, and I don’t possess any secret knowledge.
All I have done for years is develop a simple system and operate it with as much efficiency as possible.
Anyone can do this, if they wanted to.
Whenever you are ready, there are 2 ways I can help you:
Get my Free Amazon Money Making Guide here (it teaches the same process that made me the $13,000 profit from this post)
Join my Private Discord Group here (600+ members)
This has been another edition of Why Not Me?
You guys let me know.