TIE #063: How I Made $4,885 in Profit on Amazon during June 2024 (while hardly working)

Everyone should have a little money making machine like this.

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

I don’t care what anyone else says, the best way to accomplish this as a beginner is with a simple Amazon business where you sell other people’s products.

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 attempt to figure that out on your own or you can become a paid subscriber and get free access to my private mentorship group on Discord:

Upon joining, you will get full access to all my premium guides and content.

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 and a half 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 #42 of this series, you can read post #41 here:

TIE #059: How I Made $7,216 in Profit on Amazon during May 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

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 June:

Total Sales: $16,606.39
Items Sold: 227
Cost of Goods + Fees: $11,720.50
Total Profit: $4,885.89
Hours Worked: ~10
Average Profit Per Item: $21.52

Total Profit for 2024: $40,819.00

Historically, this is a great performance for the month of June.

The summer is not a busy time of the year for just about every Amazon business, so I am happy with this result.

We took some more LEGO profit while also executing a few random arbitrage sales throughout the month.

Here are a few highlights:

We got these for $80-100 at different points in 2022 and have been selling for a gain of ~55-60% after fees.

I don’t like what I see when it comes to the number of active listings from sellers this long after retirement so I’m taking my ball and going home.

Same applies here to another Harry Potter exclusive set from Target:

We paid ~$40 for these meaning we had a return of damn near 100%.

Will they be worth more later in the year? Likely.

However, I’m beefing up the portfolio with cash so I can deploy as much as possible this year.

On the buy side, we have deployed a heavy amount of capital on books that will be sold between the beginning of August and beginning of September.

I’m talking multiple five figures (like usual).

Expect a large bump in revenue and profit come both of those months like we have seen in these reports over the last few years.

That bump won’t just happen for me, but also for several paid newsletter subscribers who signed up and took action:

Good things happen when you take action.

Nothing happens when you continue to do the same thing every day but “hope” for a different result to magically appear and save you.

It is what it is.

Thanks for reading.

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

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Join 600+ people in becoming a paid subscriber to this newsletter:

By paying the $39/month or $349/year rate, you get FREE access to:

• My private mentorship group on Discord (this used to be $329)

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• My Textbook Flipping Mastery Guide (this used to be $169)

• Buy/Sell alerts for LEGO (these will make you money)

These resources will show you how make your first $1,000 on the internet using the same methods I used to escape the rat race.