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TIE #008: How I Made $5,300 in Profit on Amazon in December
Profit & Loss Report #24 for my low maintenance Amazon FBA business.
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In the last profit & loss report, we hit $5,066 in profit for the Amazon FBA business after a wonderful month of sales for November.
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December is one of the busiest months in e-commerce. The holiday season makes just about everyone a compulsive consumer, whether they realize it or not.
My business and the one I encourage others to start on Amazon, primarily focuses on two areas:
It’s not that other item types aren’t good, these are the two that consistently offer the highest margin and don’t require a ton of expertise to understand.
On the buy side, we did a ton of work accumulating those two things.
We grabbed a bunch more LEGOs as we rounded out our LEGO investment portfolio and books for the upcoming busy season in January.
As one might expect, it’s the off-season for books during December so most of the sales we had came from (you guessed it) LEGOs.
I had no plans to sell any product in December, but opted to take any profit over 50% I could get. You can’t pass on making that kind of profit after waiting only a few short weeks.
Here is what we accomplished:
Total Sales: $13,731.60
Items Sold: 256
Cost of Goods + Fees: $5,300.39
Total Profit: $8,431.21
Hours Worked: ~25 (lot more than usual due to mass buying)
Average Profit Per Item: $32.93
Total Profit for 2022: $52,044.90
LEGO Disney Mickey and Friends - Mickey, Minnie and Goofy's Fairground Fun 10778
LEGO City Airport Passenger Airplane Toy 60262
LEGO DUPLO Town Steam Train 10874
With December in the books, we locked in over $50,000 in cold profit for the year of 2022.
You might be thinking, “that’s it?” but think about it with the following context in mind:
I spend 90% of my time on content creation
My profit margin is magnitudes higher than most Amazon sellers
This business only demands 5-15 hours/month of my time (only more during holiday season)
I have a lot less incentive to push my Amazon business to the limit than I did 10 years ago
Anyone can take my Amazon business model and do five times my numbers.
I know it’s doable because many of my clients did just that this year thanks to the power of compounding.
The only thing separating those who fail and those who succeed is consistent effort.
You can’t fail if you start and never give up.
When you are ready, there are two different ways I can help you:
If you are interested in starting an efficient one-person online business, I recommend starting with one of the following:
If you are interested in LEGO investing, I recommend starting with one or both of the following: