TIE #052: How I Made $3,903 in Profit on Amazon during March 2024 (while hardly working)
If you want to escape the rat race, you should be building a business like this.
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 $13,943 for things I was already going to buy for my one-person business:
They are also the reason this post is free to read. Sign up here and get $30 for free after your first use.
I have been documenting how much profit my personal Amazon business makes in this newsletter for over 3 years now.
While running this type of business was never a dream of mine, it is what laid the foundation for me to live a lifestyle full of freedom and fulfillment.
In early 2024, an Amazon business is still the best option if you want to accomplish something similar and have no business experience.
This post is #39 of this series, you can read post #38 here:
My Amazon business has three branches:
Branch 1: Non-fiction book arbitrage (read here if you do not know what this is)
Branch 2: LEGO investment sales (read here if you do not know what this is)
Branch 3: Any and all other online arbitrage (I do this when I get bored)
Depending on the time of year, they all rise and fall independently from each other.
It is not your average Amazon business.
I target the highest profit margin possible while aiming to work as little as possible.
This often means buying products and waiting a while before selling them.
The game I play is efficiency, I do not play “number go up” simulator.
Let’s take a look at how we did in March:
Total Sales: $9,931.90
Items Sold: 86
Cost of Goods + Fees: $6,028.67
Total Profit: $3,903.22
Hours Worked: ~6
Average Profit Per Item: $45.39
Total Profit for 2024: $21,707.57
March brought a drop in almost everything across the board except profit margin.
Most of this income is the result of books, with a small amount being some LEGO profit taking.
A drop in revenue is normal following the January busy season for books, so none of what you see above comes as a surprise.
In years past I would go extra hard on online arbitrage in Feburary and March, but that was in a time where I desperately needed to build capital.
Today I prefer to coast along and keep things efficient.
This trend will continue into the summer (unless I offload a ton of LEGO from 2022) before ramping up in August.
Speaking of LEGO, here is a set that I got at around $19-20/set back in late 2022 that just sold for $57:
There are still some listed at $50 as I’m writing this, but the market is saying this will soon be a $55-60 set.
Offloading these in that range is a return on investment of over 120%… not too shabby.
There are a lot of things you can take away from what I’ve just shared, but above all this is what you should pay attention to the most:
This business has generated over $20,000 in profit for the first 25% of 2024 despite working less than 40 hours in total on it
Put differently:
This is the perfect business model (once you get it set up) for people with a full-time job, responsibilities, and a busy personal life
While setting up something like this takes requires a lot of up front work and is a giant learning process, it can eventually be a silent cash generating machine.
Don’t just take my word for it though, here is a message I recently got from a newsletter subscriber:
This is what can happen if you take action and refuse to quit until you’ve built something you’re proud of.
That choice is yours and I can’t make it for you.
When you are ready, there is one way I can help you:
The Conference Room: Join 700+ members inside my private mentorship group. It teaches you exactly how to build an efficient, lean, and focused Amazon FBA business.
Come inside and receive help from myself, several expert business owners, and get access to both of my premium video guides.
Do you mainly FBA your Amazon product?