TIE #016: How I Made $4,565 in Profit on Amazon in February (while hardly working)

It's not about how much you make, it's about what you have to do to make it.

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.

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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 built the foundation for me to become self-employed and earn a high level of income inside my overall one-man business.

This post is #26 of this series, you can read post #25 here.

I recommend people start a simple Amazon business for very simple reason: they make money.

All you have to do is find stuff that isn’t on Amazon at one price and make sure it sells on Amazon for a much higher price.

You are the middle man and get paid for moving product from one place to another.

It won’t make you $100 million, but it will make you enough money to quit your job if you take it seriously.

The thing I love most about my own one-man Amazon business is how efficient it is.

I barely do any work because it’s been set up for so long, but it cash flows like money trees would if they were real.

Here is how much money it made last month:

Amazon Revenue - February 2023

Total Sales: $9,713.98
Items Sold: 105
Cost of Goods + Fees: $5,148.41
Total Profit: $4,565.57
Hours Worked: ~5
Average Profit Per Item: $43.48

Total Profit for 2023: $26,293.10

After making over $20,000 in profit during January, we didn’t even eclipse $5,000 in February.

There are three main reasons for this:

1. January is one of the two busy periods for non-fiction books, February isn’t

2. Sales generally dip in Q1 for e-commerce industry-wide

3. February is a short month

What matters most is how much work I had to do to make this money.

I only put a few minutes of effort in every day or sometimes none at all.

This is due to leveraging a few different systems inside the business, which is what most experienced sellers do.

Take this student for example:

Jarek Lewis @jarrylew

Student of mine is at $30k on Amazon over the past two months All because they read a tweet like this and then took action 👇🏼👇🏼

After you get your businesses set up and in a rhythm, you can set up:

• Email alerts when profitable items are available for purchase

• Software that prices your items for you

• A prep center that handles your packages for you

Some people want to grow their Amazon business to make as much money as possible, which is great.

However, my goal is efficiency. I like to make a solid level of profit while working as little as possible.

This is what makes an Amazon business pair so well with a 9-5 job when you are first starting out.

After putting that initial burst of ground-level work in, it’s easy to manage alongside your main gig.

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When you are ready, there are two different ways I can help you:

1. If you are interested in starting an efficient one-person online business, I recommend starting with one of the following:

   1. Textbook Flipping Mastery - My in-depth guide on how to start a high-margin Amazon e-commerce business.

   2. LEGO Investing Mastery - My in-depth guide on how to start a long-term “buy, hold, and sell” LEGO investing business.

   3. The Conference Room - My private mentorship community that includes the two guides above, for free. Pay once and stay a member for life.

2. If you are interested following along with my personal LEGO investment portfolio and unlocking access to 4 additional posts each month:

   1. Become a paid subscriber here (7-day free trial available)