October 2015 Income Report

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grapho-1236660October is generally the month that I see a very slight increase in sales due to the holidays coming up!  The numbers have been down this year overall, but let’s see how I did this year…

INCOME SOURCES

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

-2 websites

-Kindle income (from my kindle book.)

affiliate accounts (including Amazon associates, clickbank and more- see the full report for details)

OCTOBER OCCURRENCES:

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:

INCOME BREAKDOWN:

Amazon Account 1: $18,444.67

Amazon account1

Amazon Account 2: $6,525.04

Amazon account 2

Amazon.ca account: 2211.11 (conversion to USD)

Amazon.ca account

Amazon.co.uk Account: 279.20 (conversion to USD)

Amazon.co.uk account

eBay account 1: $234.96

ebay account 1

eBay account 2: $47.76

ebay account 2

Website income: $173.94

website 1

Total Physical Product Sales: $27,916.68

35% (approximate profit margin)= $9,770.83

——————————————————————————–

AFFILIATE EARNINGS

Amazon Associates: $51.42

amazon associates

Nanacast(Products owned by Jim Cockrum) includes:

Proven Product Partnering

Sourcer’s Apprentice Book

Proven Wholesale Sourcing

Proven Private Label Course 

Import Direct From China

Proven Amazon Course

List Building Class

$29.99

nanacast

 

 

 

 

 

JVzoo (includes long tail Pro and Amasuite):

$157.00

JVzoo

Kindle Book (Six Step Six Figure System)

$102.75

kindle publishing

 Clickbank (0)

(AffiloblueprintLongtailproCoupon Engineering Domination etc)

Lisa Suttora (0)

(Power of 10 Wholesale Sourcing for Ebay

Sourcing the Right Products Wholesale to Sell on Amazon )

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

FINAL THOUGHTS:

 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!

6 thoughts on “October 2015 Income Report

  1. Dear Daniel,

    Thankyou for Sharing all of this information. You are clearly on a roll with online selling and it is extremely inspiring when you compare that to the humble beginnings that you kindly shared in your story.
    I thought i’d been clever and have been consulting with my online marketing skills and working from home for a good few years. This was fairly lucrative and I was grateful for not having to commute to a cubicle, but it was very time tying and also stressful with a demanding ‘boss’ like contactor to work with/for. When that contract came to a close in 2014 I began to look around to see if there was any other way forward with something more scaleable. I went on my first free course (Jan 2015) and learned about FBA. It took me a while to research a product and get it off the ground, finally getting my first sale in December 2015. Since then it has climbed very slowly upward, but many more players intering the field (competitive to begin with)sees fluctuations where you see a run of regular sales, followed by days of no sales and ‘plummeting’ ranks despite best efforts and lots of time spent on graphs, making changes, giveaways promotions. This has left me feeling a little flat and very challenged. Im still going forward by adding my second related product to my range, but frustrated by extremely slow supplier turnaround. I’m glad that you say you have noticed that it is a tougher market place now compared to when you started, but also very heartened to hear that there are still many more niches left to explore – and that what I’m experiencing doesn’t necessarily spell the end for Amazon sellers. Thanks for all your great posts and honest advice.

    1. Hi Emma,
      Thanks for your comment! Doing your own thing and working at home is extremely rewarding, but yes, it is also a lot more stressful than a promised paycheck. There are definitely days where I say “uh oh! What happened to the sales?” Then other days, they are skyrocketing!
      The good news is new niches are opening up EVERY DAY! We are living in a time where technology is advancing faster than ever before and new products are being introduced quicker than any other time in history! Keep taking advantage of the opportunities!

  2. Daniel,
    A seller friend of mine is selling in the UK and yes it was a pain for him to get everything setup. He made the mistake of shipping his first load of merchandise at the same time that he initiated the paperwork. His merchandise was just sitting over there for 6 month waiting for the process of getting approval. Six months later a day after getting approval all of his listings were activated. He is doing great.

    For merch.amazon, some t-shirts designs I can get thru Fiverr for $5.00 each. Also I just received a program to design t-shirts: Haynes T-shirt Maker so that I can design my own.

    For Amazon.com:homemade I am going to design some products myself and maybe outsource some. I think seasonal items could do well.

    1. Hey Ed,
      That’s such a great idea! (using Fiverr and your own software) Please keep me (and everybody else) informed of how this goes! I’m excited about your “out of the box” ideas!

  3. WOW! a .UK account, you never stop amazing me Daniel. It’s good to now that as I grow in this business, the people that I follow grow their business too. That always motivates me to take another step in this venture.

    I don’t consider myself an expert or veteran in this business yet but I do ok with RA and OA, I am approved for a good amount of gated categories, I feel confident creating new listings, and now I am a full time FBA seller.

    I think that the next step on my list of FBA goals will be to come up with a system to create the perfect bundles. I think that creating the perfect bundles could elevate my business to the next level.

    Also, I am going to try Merch.Amazon.com and Amazon.com:Homemade

    These 2 new programs by Amazon could be an additional sources of income.

    1. Hi Ed,
      Yeah, the U.K account seems to be growing in sales. It was a giant pain to open (the account itself was not hard, but getting set up as a business and importer in the U.K was very difficult!) but it seems it was worth it!

      I think starting bundles is going to help your business a lot. I did this early on in the business and made a lot of money doing so. Essentially if you can sell 3 items together that give you $10 profit each, you’ve just made $30 for a single sale instead of $10. If you can put items together that people want, it works really well!

      I had not heard of merch.amazon.com, but I just looked it up now! I was recently made aware of Amazon.com:homemade. Do you plan to design your own products or outsource it?

      These are such great ideas!

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