TIE #077: How to Make $2,721 in Profit on Amazon in a Single Month (while hardly working)

Come see how much money my Amazon business made in November 2024

Your 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 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.

Once we hit 1,000 total paid subscribers, I will no longer accept additional paid subscriptions.

We are at ~700 today and climbing.

Choice is yours.

---

I have been documenting how much profit my personal Amazon business makes in this newsletter for almost 4 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 2024, an Amazon business is still the best option if you want to accomplish something similar and have no business experience.

This post is #47 of this series, you can read post #46 here:

TIE #076: How to Make $2,020 in Profit on Amazon in a Single Month (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 November:

Total Sales: $9,311.62
Items Sold: 115
Cost of Goods + Fees: $6,589.70
Total Profit: $2,721.92
Hours Worked: ~15-20
Average Profit Per Item: $23.67

Total Profit for 2024: $83,032.00

This means we have to make nearly $17,000 in profit next month to crack $100,000 for the year.

Will it happen?

You bet it will.

I’ve spent the entire year holding back inventory for December and soon it will be time to let it all rip.

All in all, it wasn’t a bad November.

Slightly stronger month than October, but basically a repeat.

We sold a couple random books and we sold some other inventory that is not seasonally dependent.

It felt quiet on the sell side and was extremely busy on the buy side.

Timing the best time to sell seasonal product is more of an art form that a straightforward activity.

Every item peaks at a different point and capturing a bulk of the price increase and liquidity is the goal.

I prefer that the price “comes to me” rather than me cutting the price to get sales… if that makes sense.

I enjoy having to continuously raise my price to ensure I don’t run out of stock too early.

Generally speaking, this is accomplished by setting prices $2-5 above the current buy box and waiting for sales to trickle in.

From there, the job is to identify when order velocity has increased so you can subsequently raise price by another few $ until it slows back down (assuming you have enough inventory).

Like I said, it’s an artform that you learn via experience.

You may have noticed that I did not publish a supplement business update last month.

That is due to two reasons:

1. Last month was busy as hell with all of the LEGO alerts

2. I’d prefer to wait until the end of this month because I’ll actually have my product in hand

Had to throw a small update in here because I know several people are bound to ask.

Before I go, let me make it clear that starting an Amazon business is still as great of an opportunity as it has ever been.

There are a few more hurdles as of late 2024, which is a good thing.

This eliminates competition and rewards those who are patient and willing to see it through from start to finish.

Back in my day we called these hurdles “barriers to entry” and you want as many of them as possible, assuming you can clear them yourself.

Everything worth doing requires you to do what most people are not willing to do.

You can get upset over that or you can accept it as reality.

That choice is yours and I can’t make it for you.

---

When you are ready, there is one way I can help you.

Join 700+ 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 for Amazon business owners (this used to be $329)

• My LEGO Investing Mastery Guide (this used to be $169)

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

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

Like I said in the intro, this offer will end once we hit 1,000 paid subscribers.

(If you are already a paid newsletter subscriber but pay less than $39/month, you can join the group here by paying a one-time fee)