That’s ok, though. I think I’ve done a decent job proving my point on this subject, and I plan on continuing to do so. As you read through my stats, I ask you keep a few things in mind:
- I’m doing this part time– My main focus still remains my regular Amazon business I have already running. I am doing this challenge in my “free time” to prove to YOU that it can be done in YOUR free time. The time I spend doing this is limited to one full day and maybe a couple of singular hours during the week. This is the closest I can come to simulating someone who has a full-time job and can only source on Saturdays and a couple days through the week after work.
- This “side business” was built with minimal investment.– One of the things I am attempting to prove with this challenge is that anyone can start an Amazon FBA business, no matter how much money they have to invest.
- The inventory compounds– I only sold 27% of my inventory this month. That means that 73% still remains for next month. This means if I’m able to source the EXACT same amount this month, and sell the EXACT same percentage of my inventory, my sold books would move from 30 sold in January to 52. This is the compounding effect that will allow this business will grow.
|Avg Sales Rank||399,417|
So let’s just assume I’m able to match the same numbers I got in January for the month of February.
If I’m able to source another 112 books, that will make a total of 194 books in inventory.
If I’m able to sell the same 27%, that will be 52 books sold for the month.
If the books sold average the same $23.69 sales price, that will be $1,231.88 sold.
If the Amazon fees average the same $9.16 per book, that will be $476.32 in fees for the month.
If all of this holds true, my profit will be $755.56 for the month of February.
Going from $153.29 profit in January to $755.56 in February is the kind of massive jumps we would expect to see at the begining of this business startup. When you’re starting at zero, those percentages look big.
Several months in, when I have several hundred books in stock, that 100 or so books I send in won’t look so big and won’t increase my revenue by such a percentage.
Even still, you can see how this business model can grow into the 4-figure per month range rather quickly. That is a significant income boost for most people.
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