29 Nov Income Breakdown for October 2018 (Full-time Reseller Report)
October in New England is a magical month. The trees turn colorful, most of the days are warm because of the remains of summer, and the sky starts looking gray and lazy.
This fall (since September) I passed 1000 items listed on ebay and I finally got a weekend job as a busboy at a nice restaurant (being paid under the table is great) and I went to 4 or 5 book sales which progressed my Amazon book business.
I haven’t done the math yet for my profits this month, so I’m pretty nervous. Let’s get into it:
eBay was on the back burner this month. I didn’t set days of my week to go look for more items. Last month I hit 1000 items listed, and I told myself that after 1000 things I would focus more on other projects which I’ve been doing.
Here’s a snapshot of my numbers for the month:
I’m always slightly dissatisfied with my numbers, but dissatisfaction is part of the human condition. I didn’t go out of my way to do sourcing this month. There are 5 or so thrift stores in my town and 3 are on my way to places like the Post Office, and martial arts. I fit sourcing for stuff into my schedule this month. Also I had piles of stuff in my room that I finally got around to listing (known as death piles!). Here’s a better breakdown of my numbers (most of them are rounded):
- ebay (10%)= ~$317
- PayPal (2.9% +.3 per transaction)= $37+$92= $129
Costs of goods sold=$240
Figuring out the costs of goods (COGS) is hard because I don’t keep track of all the specific costs since I use an automatic software (Godaddy Bookkeeping) which doesn’t take into account COGS. After doing some addition and averaging I figured out buy costs to be around $240.
Shipping Costs (gotten from the software)= ~$800
Net Profit= $1764.79
I haven’t talked about selling Amazon in any posts yet, but stay tuned for posts about how to make money on Amazon this month.
Thankfully I have a software for Amazon that takes into account my gross profits, fees, cost of goods, etc.
At the end of September I lost my Kdc200i bluetooth scanner that I use to find books at books sales, Goodwills and thrift stores. First I bought a much worse scanner for like $50, but it was way too slow, so I replaced my Kdc200i like 3 weeks ago. It cost me $200 for another one, but the speed of the scanner makes it worth the cost.
Other stuff= ~$600
I work at a health food store about 7 hours a week, do yard work for older people twice a month and just got a job as a busboy last week. Between these things I made about an extra $600.
Net Profits for the month= $2959
Plan for November
I just need to wake up everyday and grind. When I get discouraged I tell myself “just keep building your empire”. I got this. You got this too.