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How I Made $2,500 on Amazon in September
Profit & Loss Report #21 for my low maintenance Amazon FBA business.
To read last month’s P&L Report, head here:
With last month being the busiest month, September slows down quick after some initial sales during the first week.
October, November, and December will also be slow because it’s prime buying season for the busy period in January.
Total Sales: $6,935.78
Books Sold: 101
Cost of Goods + Fees: $4,438.90
Total Profit: $2,496.88
Hours Worked: ~5
Average Profit Per Book: $24.72
Total Profit for 2022: $36,928.64
As expected, we had a large dip in total sales and profit.
The average profit per book dipped, as I emptied my inventory of all books that were bought in anticipation of the August busy season.
When you do that, the profit per book tends to shrink as we exit busy season.
That said though, $2,500 in profit is nothing to be ashamed of given that I hardly worked on the business at all.
The only work I did do was pricing books to sell and a couple random purchases here and there.
For my business, my sights are fully set on buying inventory to sell in January. Numbers in October, November and December will be poor as a result.
For other newer businesses, it would make sense to continue flipping inventory ASAP to increase capital for January.
If you want to see the type of books I sold, take a look at this recent post that shows 5 different books I sold to make $900 profit alone:
Once again for the millionth time… I am not a genius. This is not a novel business idea.
It is simply taking advantage of market inefficiencies and doing the waiting for our customers when it comes to shipping time.
Anyone can do this.
When you are ready, there are three different ways I can help you: