TIE #012: How I Made $21,727 in Profit on Amazon in January
TIE #012: How I Made $21,727 in Profit on Amazon in January
Profit & Loss Report #25 for my high margin Amazon FBA business
Apparently you hate money. If you didn’t, you’d be using Rakuten every time you shop on websites like Walmart and Target to save money.
They have paid me over $8,000 for things I was already going to buy for my one-person business (click here for proof).
They are also the reason this post is free to read. Sign up here and get $30 for free after your first use.
I document the results of my Amazon business to prove how realistic it is for you to accomplish the same thing.
Rather than tell people what is possible, I like to prove what is possible.
I’ve been running this business for almost a decade and it’s built the foundation for me to become self-employed and financially free.
This post is #25 of this series, you can read post #24 here.
Amazon businesses are incredible for two reasons:
You don’t have to pay for traffic
You don’t have to invent anything
Creating your own product from scratch and marketing it alone is extremely difficult.
Trust me, you don’t want to do it.
All you have to do is find stuff people want to buy and offer it for a price they’ll pay, while doing it at a profit.
It’s great for beginners and it’s great for veterans like myself.
This type of business is how you create a foundation and create a level of income your job will never provide.
Here is what I was able to do last month, all by myself:
Total Sales: $46,825.56
Items Sold: 561
Cost of Goods + Fees: $25,098.03
Total Profit: $21,727.53
Hours Worked: ~10
Average Profit Per Item: $38.73
Total Profit for 2023: $21,727.53
Highlights:
The best way I can put it is this:
If you want freedom before you are too old enjoy it, you have to increase your income.
It’s that simple.
You can do it the hard way, by trying to work more hours inside a system that underpays you or you can take the efficient route.
That choice is for you to make, all I can do is recommend what worked for me.
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:
Textbook Flipping Mastery - My in-depth guide on how to start a high-margin Amazon e-commerce business.
LEGO Investing Mastery - My in-depth guide on how to start a long-term “buy, hold, and sell” LEGO investing business.
The Conference Room - My private mentorship community that includes the two guides above, for free. Pay once and stay a member for life.
If you are interested following along with my personal LEGO investment portfolio and unlocking access to 4 additional posts each month:
Become a paid subscriber here (7-day free trial available)