My current sources of income are:
-2 Amazon.com seller accounts
-1 Amazon.ca seller account
-1 Amazon.co.uk seller account (just imported my first order!)
-2 eBay seller accounts
-Kindle income (from my kindle book.)
affiliate accounts (including Amazon associates, clickbank and more- see the full report for details)
October was my month of promotion! I spent a lot of time this last month running specials, coupon codes, free giveaways and contests. It was a lot of work and I hope it has a lot of payoff this next month!
Of course, on a personal level, we just finished up Halloween where my family went as Harry Potter Characters (Dumbledoore, Mcgonagall, Harry and Hermione). That was a great time!
Now let’s talk about the income:
Amazon Account 1: $18,444.67
Amazon Account 2: $6,525.04
Amazon.ca account: 2211.11 (conversion to USD)
Amazon.co.uk Account: 279.20 (conversion to USD)
eBay account 1: $234.96
eBay account 2: $47.76
Website income: $173.94
Total Physical Product Sales: $27,916.68
35% (approximate profit margin)= $9,770.83
Amazon Associates: $51.42
Nanacast(Products owned by Jim Cockrum) includes:
Kindle Book (Six Step Six Figure System)
Lisa Suttora (0)
Worldwide Brands (0)
Total affiliate income (and other “costless” income): $340.17
GRAND TOTAL ESTIMATED PROFIT FOR THE MONTH: $10,111.00
LAST MONTH’S TOTAL ESTIMATED PROFIT: $9,597.78
LAST YEAR’S TOTAL ESTIMATE PROFIT: $16,008.16
FROM LAST MONTH: UP $513.22
FROM LAST YEAR: DOWN $5,897.16
Looks like I’m just slightly up from last month. This is encouraging in a sense, though still very discouraging to see how much I’m down from last year. This will likely be my worst year since doing this full time, but I have come up with several strategies to turn things around for 2016. I’ll write about them more in detail at the end of this year!
The fact is, things are getting more competitive on Amazon in particular (as well as e-commerce in general) Gone are the days of throwing a product up on Amazon and making massive sales and profit. Competitors are now smarter, faster and have more resources. Adaptation is the key! All in all, I’ll walk away with some nice profits in my pocket this year. Traditionally, the next two months (November and December) are the best. We will see if this trend continues this year!
The great thing about so many people selling and sharing their stories is that it helps everybody! While my sales have been down, several of my readers have written and told me their sales have skyrocketed! Some of them have credited my blog and ideas for their success! This is encouraging for sure! This tells me that not only do my strategies work for me, they can (and do) work for countless others as well! If you are just getting started and you want to take action and create some serious income, enter your name and email address below and download my free book to get started!