TIE #059: How I Made $7,216 in Profit on Amazon during May 2024 (while hardly working)

Everyone should have a little money making machine like this.

The first step to escaping the rat race is making your first $1,000 online.

The best way to accomplish this as a beginner is with a simple Amazon business.

It worked for me 10 years ago and it’s what I would do if I had to start over from scratch today.

You can try to figure out how to do that out on your own (good luck) or you can join my private mentorship group here:

Choice is yours.

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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 #41 of this series, you can read post #40 here:

TIE #055: How I Made $7,009.02 in Profit on Amazon during April 2024 (while hardly working)

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 May:

Total Sales: $24,157.99
Items Sold: 280
Cost of Goods + Fees: $16,941.47
Total Profit: $7,216.52
Hours Worked: ~12
Average Profit Per Item: $25.77

Total Profit for 2024: $35,933.11

If you thought I wouldn’t be able to recreate the same success I had in April, think again.

We made almost the same amount of profit but sold a lot more stuff.

This is the result of cleaning out some lower priced LEGO investments that we grabbed back in late 2022.

(More of this to come)

Here is one example:

We paid $19/set for these which is an ROI of 79% at this exit price.

There were several book sales, as usual. Here is one example of many:

We paid $20 + shipping for this guy (nearly 100% ROI after fees):

Our hours worked jumped a bit during May because we bought a large portion of our Summer busy season books.

They are in transit to my prep center and will be sent to Amazon over the next few weeks.

For those who don’t understand what I’m talking about when I say “busy season”, I’ll give you a brief explanation now:

Twice a year (August & January), there are a large amount of non-fiction book titles that increase in value due to overwhelming demand.

You can make educated guesses on if that pattern will repeat and buy books before that demand arrives.

It’s not as simple as it sounds though.

Sometimes you buy books and they don’t appreciate at all.

It is high risk, high reward.

The way I run my Amazon business outside of this phenomenon is what you would call low risk, guaranteed reward.

Don’t just take my word for it, here is a private group member who started in March and hit $1,300 in May:

Here is another member who hit $15,000 from mostly books alone:

They did this because they decided one day to just start and keep going until they made some money.

Simple as that.

They just said “fuck it, let’s do this”.

You could do it too if you wanted it bad enough.

Thanks for reading.

Have a question? Leave it below and I’ll get to it ASAP.

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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.