Monthly Income Report – July 2013 – Wow! Nearly 200% Increase In My Amazon Sales!

Posted on 02. Aug, 2013 by in Archived Post, Income Reports

“The results described here are my own and, therefore, are not typical. Individual results may vary based on a variety of factors.”

Hopefully, these income reports will help motivate and encourage you while you build your passive income streams. They show that you can recover from any pothole on the road to passive income success. Please note the monthly numbers have been adjusted to reflect ANY refunds and expenses thereby leaving only my net profit.

I have been aggressively paying off my debt in an effort to become debt free in 2014. This month, I’m focused on paying off an item that appeared on my credit report recently….literally, out of nowhere.  I’m using the profits from July’s sales to pay off that $500 item. Paying the $500 put a serious dent into my ability to reinvest in my business, so I’m going to be in a “holding pattern” in August. The good thing is the item will be deleted from my credit report within 30 – 45 days, leaving only two negative items. The remaining items may take some time to payoff even though I negotiated down the balance for each. Unfortunately, I cannot get those items removed from my report so they will be there for a few years.

Back to this months’ income report. I really cannot explain the increase in sales at this moment, but I will take the advice of someone that commented on last month’s report and begin contacting buyers to determine who/what referred them to my item(s). Let’s take a look at what took place in July:

July 2013 Income: $1010 (Amazon Total Sales – numbers rounded up to the nearest dollar)
July 2013 Cost/Expenses: $307 (simply put, for now, this my cost for products, packaging, shipping, business-related purchases and any)
July 2013 Net Profit: $703

Below, you will find the standard “Seller Notification” emails that I receive from Amazon once a customer buys one of my items. I certainly enjoy receive those emails….

July2013_SalesNotifications

I had eighty (80) orders for the month of July, therefore:
Total Orders = 80 orders – 6 refunds = 74 orders (up from 21 in June)
$703 (Total Net Profit)/ orders = $9.50 per order (up from last month)
$703/800 minutes total (13.33hrs.) = $54.07 per hour (down from last month)

$54.07 per hour sounds great, but preparing and packaging orders is not what I consider passive income, rather active income. Once I transition my product fulfillment process to Amazon, then it can be considered true passive income. I’ll let you know when that takes place.

What was excluded – Amazon commissions from my portablewasherdryercombo.com website which 8 items were shipped for a total of $16.77 in commissions. I will somehow find a way to accurately add my Amazon affiliate commissions to my reports. I know I have been saying that for some time, but I’ll eventually end up doing it. Please be patient with me….

Well, I hope you can envision doing something similar or greater than what I’m doing now. I certainly can see you doing it….but, if you can’t “see” yourself pulling in $100, $200, $300, $400, $500 or more per month in pure profit, then your mind and body will react to that thought and not do it. If you can see yourself doing it, then get started by reading some of my earlier post on “Passive Income Basics”. C’mon, get to it….

 

5 Responses to “Monthly Income Report – July 2013 – Wow! Nearly 200% Increase In My Amazon Sales!”

  1. John

    13. Aug, 2013

    When are you going to finally switch over to Amazon order fulfillment? Do you have a target sales volume in mind for the change?

    Reply to this comment
    • Big Dave

      Big Dave

      13. Aug, 2013

      If I can maintain around 50+ orders per month for a few months, then I’ll make the switch…July was the first above 50, so let’s see what takes place this month and next.

      Reply to this comment
  2. Sky

    13. Aug, 2013

    A 200% increase is great! I hope it increases next month as well.

    Just out of curiosity, how did you come up with 50 as the necessary number to switch to the order fulfillment service? Is that the number you need to still be making a profit while using the service?

    Reply to this comment
    • Big Dave

      Big Dave

      14. Aug, 2013

      Sky,

      I think it had more to do with a consistent volume than anything else…my cost will increase some as a result of moving the FBA and I want to make sure I’m hitting a certain volume/revenue to adequately cover that expense.

      Reply to this comment
      • Sky

        14. Aug, 2013

        Right. It doesn’t make sense to switch to a service that will free up more time if it cuts into your costs to the point where you cannot cover it. Hopefully you’ll see some consistency these next few months!

        Reply to this comment

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