I Am Loving These Direct Deposits Into My Bank Account – Wouldn’t You?

I Am Loving These Direct Deposits Into My Bank Account – Wouldn’t You?

Posted on 05. Jul, 2013 by in Archived Post

Well, I figured the snapshot below may be of encouragement to someone….I know my bank account balance is encouraged with each direct deposit, that’s for sure. The figures below do not:

  1. Reflect any sales that may occur before the end of this week (I’ve got the remainder of tonight, Friday, and Saturday to tally additional sales which would be paid on July 21st disbursement)
  2. Take into account any expenses

So, the numbers are not final nor do they show pure profit. The “Projected Transfer Initiation Date” is the date the transfer process begins and it typically takes two (2) business days for the funds to actually hit my bank account. In most cases, Amazon will send me an email on Sunday with the Subject “Your payment is on its way” and by Tuesday morning I log into my bank account and can verify the funds are available. Nice……

Now, for some, pulling an additional $80-$100 income per week from Amazon sales is no big deal. But, to others (such as myself), this IS a big deal especially if you consider where I began. I started pulling around $3 per week in March 2013 and now have worked up to over $80 per week or $320 a month in just over four months. Consider what you could do with an additional $300+ a month:

  • Add to your savings
  • Add to your retirement funds
  • Assist in paying your mortgage
  • Assist in paying your rent
  • Pay your monthly car note
  • Pay your auto and/or medical insurance
  • Pay your monthly credit card bill(s)
  • Pay your medical bill(s)
  • Pay your monthly utility bill(s)
  • Pay your monthly cell phone bill(s)
  • Pay your monthly food bill(s)
  • Gas for the car
  • Pay your monthly student loan bill
  • Assist in paying your child’s monthly private school bill

You get the idea…are you telling me additional monthly income would not help in one or more of the above? I’m sure it would and it’s not hard to setup the income stream for it to happen. Just review my blogs on how to get started and you will be on your way to making it happen. You can always ask me questions and I’ll do my best to get you the best possible response. If I don’t have the answer, I’ll at least try to point you in the right direction. I just want you to realize that you can do it. Research, Review, and Respond. Do the necessary research regarding what you would like to sell. Review the articles on this site. And Respond to my challenge to you to get started this year.

I plan to push it up to $200 per week within the next few months. This income stream is from Amazon only….it does not include what I’m earning from Lending Club, Squidoo (which is tied to my other Amazon commissions), and my niche site (which I will talk about in an upcoming post). Although, the earnings from the other sites are truly minimal at this moment, the overall strategy is to continue reinvesting a portion of my Amazon sales into building visibility for those ventures. My niche site is beginning to get more unique visitors per month and brought me an Amazon sale two weeks ago. My Squidoo Lens continues to rank well and Lending Club’s returns have been fairly decent. As I have mentioned before, I want to get onboard with the “Fulfillment By Amazon” program so that a majority of secondary income is truly passive. And it will happen in due time…..$750 a month in passive income by the end of this year is my goal. What’s your 2013 passive income goal(s)?

UPayment7-4-13

Update as of July 6th, 2013

As I mentioned earlier, the total of July 21st payment was tentative….dependent on whether or not additional sales were pending/completed prior to the end of July 6, 2013. Well, additional sales were made and below you will find the adjustment to the July 21st transfer:

UcomingPayment7-6-13

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13 Responses to “I Am Loving These Direct Deposits Into My Bank Account – Wouldn’t You?”

  1. sam

    11. Jul, 2013

    From $ 0 to $312 in span of four months is pretty quick start for a online business being set up from scratch. Congratulations.

    Reply to this comment
  2. Sarah Harris

    13. Jul, 2013

    My 2013 passive income goal is to just get one! I’d like to start a blog that hopefully one day gets established enough to get paid sponsored posts. I’d like this in addition to freelance writing. and now after reading your blog I’m contemplating an amazon store. I really like the sound of their wharehouse option. That’d be so easy. I just have to think of the ideal product…

    Reply to this comment
  3. Taha ayub

    17. Jul, 2013

    This blog is turning out good for me and i am now thinking to d o little research and open an store then.

    Reply to this comment
  4. Taha ayub

    20. Jul, 2013

    I was thinking about gaming and software CDs, what do you suggest?

    Reply to this comment
    • Big Dave

      Big Dave

      21. Jul, 2013

      Both are good ideas…depends on the pricing as well. You need to determine your profit first….no profit, drop it.

      Reply to this comment
  5. John

    18. Aug, 2013

    Hey Big Dave, are there any good places you could share to get wholesale rates when starting an online store? The product has to come from somewhere.

    Reply to this comment
    • Big Dave

      Big Dave

      18. Aug, 2013

      Hey John, when we first started selling online, we purchased our products from the Garment District in Los Angeles. Some of the suppliers now have online stores where you can buy in bulk (typically 10pcs. or more) and then flip on Ebay or Amazon. The Garment District is one of a few true wholesale centers that you can start with…I would still recommend visiting the wholesalers in person to determine the quality of products that you’re interested in reselling. If you can’t visit them in person, buy some samples.

      Reply to this comment

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