TIE #055: How I Made $7,009.02 in Profit on Amazon during April 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 #40 of this series, you can read post #39 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 April:
Total Sales: $22,830.68
Items Sold: 215
Cost of Goods + Fees: $15,821.66
Total Profit: $7,009.02
Hours Worked: ~8
Average Profit Per Item: $32.60
Total Profit for 2024: $28,716.59
After a dip in volume last month, April roared back thanks to some more profit taking in the LEGO part of the business.
There are several sets from 2022 that I am moving on from.
I can provide a full list for paid subscribers if they want to see them.
We of course continue to take profit on this heavy hitter that I got for $37/each back in late 2022:
While I’m showing examples, here book transaction from April where I bought a book for $26 (all-in):
It went on to sell for $79:
After fees that transaction is a return on investment of 219% and a profit margin of 39%.
Not bad…
I’ll never get sick of making over $7,000 in profit while working an average of two hours/week on this business.
This is why I love it so much, this is why I continue to operate it, and this is why I continue to write about it.
There is no better place to start for a beginner who is looking for a way to make their first $1,000 on the internet.
I expect May to have similar results to April while I continue to take profit on LEGO investments.
I will also begin assembling my list of books to target for the upcoming busy season for books in August.
A lot to look forward to and take advantage of, if you’re willing to put the work in.
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.
You will learn how to make your first $1,000 on the internet using the same methods I used to escape the rat race.
Did you drop off 76916 from your list for 2024?