TIE #020: How I Made $8,116 in Profit on Amazon in March (while hardly working)

Anyone can do this, you just have to get started.

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 have been documenting how much money my personal Amazon business makes in this newsletter for over 2 years now.

While running an Amazon business was never a dream of mine, it is what laid the foundation for me to leave my full-time job and then reach financial freedom at a young age.

If that is your goal too, I recommend starting with an Amazon FBA business. Even in 2023.

This post is #27 of this series, you can read post #26 here.

My Amazon business has three branches:

• Branch 1: Non-fiction books

• Branch 2: LEGO investment sales

• Branch 3: Random online arbitrage

Depending on the time of year, they all rise and fall independently from each other.

The common theme between them all is efficiency. I aim for higher than average profit margin while aiming to work as little as possible.

The three branches combined for the following numbers in March:

Amazon Revenue - March 2023

Total Sales: $20,630.90
Items Sold: 235
Cost of Goods + Fees: $12,514.29
Total Profit: $8,116.61
Hours Worked: ~8-10
Average Profit Per Item: $34.54

Total Profit for 2023: $34,409.71

After making $4,500 in profit in February, we nearly doubled that in March.

This was due to:

1. The book market rebounding (like it always does in March)

2. Additional random arbitrage

Profit jumped for March and the time invested into the business jumped, but it still didn’t eclipse 10 hours for the month.

Just a simple 30 minutes/day managing prices and purchasing products when alerted via email or my private discord group.

April through July will likely have a similar outcome, before books take off again in August.

Predictable and reliable profit year round.

I’m not the only one that does this either:

Jarek Lewis @jarrylew

Student of mine hit $20,000 only four months in 👀

This business model isn’t revolutionary.

You endlessly repeat the simple process of B - A = C:

• A = Product cost

• B = Revenue from selling on Amazon

• C = Amount left over after fees

As long as C is higher than 0, you make money.

The craziest part? Third party sellers cannot keep up with demand. Look at Amazon’s growth:

Source: Statista

People are buying more stuff on Amazon than sellers can keep up with.

That’s why even in 2023, new Amazon businesses can make money. Most people don’t understand just how big Amazon is and how many people shop on their platform.

You can use that information to your advantage or you can ignore it.

The choice is yours.

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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 getting exclusive alerts when I add a new set to that portfolio:

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