💰 Income Report: August 2020

By Ryan Hogue on February 4, 2020

Lets break down why my August Amazon FBA & Amazon Merch sales picked up, while the dropshipped print on demand sales were pretty consistent month over month.

Amazon FBA

Sales: 2210
Revenue: $45,115.70
Profit: $9,947.92
Gross Margin: 22%
2020 💰 Profit to Date: $61,581.57

My usual best selling product was out of stock for the entire month of August.

Fortunately it's a part of a brand of products that at this point is easily recognizable on Amazon, so my repeat customers found the 2nd best seller and purchased that...

Which then went out of stock around the 20th

It wasn't due to lack of inventory planning... I blame a surprise spike in demand related to a few things + unusual production delays + delays in shipping within the United States.

At the end of the day, it is what it is. I'm not a fan of using a 3PL because it inflates my costs substantially, unless you know a good/affordable one (in which case, shoot me an email!)

One last thing to note... I have a product selling 27 units/day where Amazon will not let me send in 1,200 units. Pretty annoying.

And here's my Campaign Manager statistics from Seller Central:

Spend: $700.12 $26.70 MoM
Sales: $4,534.67 $630.08 MoM
ACoS: 6.48% 7.59% MoM

If you're ready to start your FBA business, you can enroll below:

I show you exactly how I built my FBA business from the ground up, & how I run it today - nothing is held back.

Amazon Merch

Sales: 451
Revenue: $8,056.91
Royalty: $1,214.31
Avg. Royalty: $2.69
2020 💰 Profit to Date: $5,488.24

USA
$1,149.50
UK
£33.99
DE
€16.08

This was a big month for me on Amazon Merch.

Not only was I tiered to tier 100,000, but my profit exceeded $1,000!

I Tiered Up to Golden Unicorn! (100K)

I've been uploading as close to 1,000 shirts per day. Yep - 1,000 unique standard shirts.

I use Automate POD for design automation.

I use Merch Titans for design automation.

Here's my sales breakdown by day:

Breakdown by product type:

Breakdown by fit type:

And last, breakdown by color:

Uploads Update

28,849 / 100,000

My Amazon Merch upload progress as of August 2020

I cracked the 15,000 mark and have 5,000 uploads to go before maxing out my 20,000 upload slots.

If you're ready to take your Amazon Merch business to the next level, you can enroll in Ryan's Method: Amazon Merch Course below:

I show you every trick in the book that I used to reach tier 10,000, including niche research tips, design tips, listing optimization tips, AMS advertising tips, & automation tips in the bonus section!

Dropshipped Print-on-Demand

Sales: 583
Profit: $3,156.93
2020 💰 Profit to Date: $17,412.63

Sales by platform:

Amazon.com
350
Amazon.co.uk
10
eBay
21
Etsy
0
Redbubble
135
Spreadshirt
2
Teepublic
63
Teespring
0
Zazzle
2

I had a product go semi-viral in the middle of the month which resulted in a spike in sales on Amazon US market & Ebay.

I actually ended up making over $1,100 in a single day. I share more abou my experience here:

Here's my Printful sales chart for my Amazon (.com) Seller Central account (Gearbubble sales no pictured):

Here's my Printful sales chart for my Amazon EU (.co.uk) Seller Central account:

As you can see by my sales statistics, there was a significant bump around the 20th.

Here's a breakdown of my profit from my top 4 platforms:

Amazon (.com): $2,101.49
Redbubble: $386.80
Amazon (.co.uk): $260.35
Ebay: $252.44
Teepublic: $140.50

Printful rewards you for

Last, my efforts were rewarded with a Printful volume discount of 8%!

I'm looking to keep momentum strong heading into September & then further into Q4!

Enrollment in Ryan's Method: Dropshipped Print on Demand is OPEN!

In it, I walk you through setting up your Amazon Seller Central account & integrating it with Printful + opening an optimized Etsy shop & cover selling on ~7 other platforms, to maximize coverage & get the highest return on investment from each print on demand design you create.

Amazon KDP

Sales: 40
Profit: $73.92
Avg. Royalty: $1.85
2020 💰 Profit to Date: $512.18

$73.92 of profit was generated on 40 sales @ an average royalty of $1.85 per paperback book.

Another relatively weak month for KDP, but I've also been guilty of not uploading consistently due to Amazon throttling too many requests (& submissions).

As a result my uploads are frozen at where they were last month, as I've been prioritizing my Merch account over KDP.

Profit breakdown by market:

Here's a breakdown of my profits by Amazon marketplace:

United Kingdom: $36.13
United States: $30.24
Canada: $7.55

Sales breakdown by day for August:

Sales breakdown by market:

If you missed it, check out my interview with KDP YouTuber Paul Marles where we talk about starting KDP in 2020.

If you'd like me to show you how I went from $0 to $3,500+ profit selling low-content books on Amazon, you're in luck.

Enrollment in Ryan's Method: Amazon KDP is OPEN!

By selling "low content" books, we avoid spending time writing the content for book interiors & instead focus on selling notebook-style paperback books to various niche markets. Trust me - it works!

Comments

Hey! Nice to Meet You 👋

My name is Ryan & at age 30 I quit my day job. I worked full time as a Sr. Front End Web Developer for 8 years, & still work part time as an adjunct professor teaching web development at a local university.

Both of my day jobs were awesome! But that can't shake the fact that I'm completely addicted to the idea of building passive income streams that would allow me to retire from ever working a 9 to 5 job again.

I'm going to use this website as a platform to share every detail about my deep dive into how to make money online, which so far, have included making $53K passive income profit in 2017, followed by over $130K profit in both 2018 + 2019 & then $175K in 2020. Since then, my annual income has continued to grow year over year.

I've invested ~~hundreds~~ thousands of hours into this journey and learned a ton. While I share the vast majority of information for free, I do reserve certain tools, tips, and tricks exclusively for students that enroll into the online courses that I offer.

Ryan's Method: Passive Income Podcast

Learn how I became a 7-figure Amazon seller WITHOUT quitting my day job! Learn more »

🚀 Ryan's Method: Amazon FBA Course

The step-by-step methods that took me from beginner to 7-figure Amazon FBA seller!

🚀 Ryan's Method: Amazon Merch Course

Learn my exact, step-by-step methods that took me from Amazon Merch tier 10 to tier 20,000!

🚀 Ryan's Method: Dropshipped POD Course

Maximize ROI from print on demand designs by selling on multiple products & marketplaces!

1 on 1 Help w/ Ryan

A limited number of 1 on 1 coaching calls (screenshare optional) are available, & are scheduled on a first-come-first-serve basis.

Amazon Sales Update (1/26/2021)

ryans amazon seller central sales update

Income Report Content:

Income Reports:

Income Report Tools I Endorse:

Merch Titans AUTOMATION: Automate the upload process to multiple print on demand platforms at the same time. Literally, the future of POD.
Book Bolt: Book Bolt is an incredible resource for KDP sellers with research tools & free (+ premium) book interiors.
Pix Fulfillment: Pix Fulfillment offers beautiful print on demand wall art options, including HD metal prints
Pretty Merch PRO+: This Chrome extension is AWESOME! It makes the Merch dashboard look better, rearranges information, alerts you when you make a sale, and automatically logs you in following an automatic logout.
Merch Informer: I've used Merch Informer to help find high demand t-shirt niches with low competition.
Printful: I use Printful to sell dropshipped print-on-demand t-shirts, hats, & mugs on Amazon, Etsy, & Shopify.
Printify: I also use Printify to sell dropshipped print on demand products across my eCommerce stores
Creative Fabrica: Creative Fabrica offers thousands of fonts & graphics to help us create beautiful POD designs + they have a Word Cloud design generator!
Vexels: Vexels has a massive library of thousands of print on demand designs for us to use, all built by their team of expert designers.
JungleScout Profit Analytics: I use JungleScout Profit Analytics to track my Amazon FBA accounting. It helps me easily stay on top of revenue, profit, ad spend, & inventory lead time. I wouldn't know what to do without it.
Efficient Era: I use Efficient Era to automate aspects of my Amazon FBA business, such as monitoring customer feedback, monitoring large orders, & sending automated emails.
Teikametrics: I use Teikametrics to save time & money with my Amazon FBA advertising campaigns.
JungleScout: I use the JungleScout web app to help find profitable FBA products with high demand and low competition. I also use chrome extension to help in the validation phase while searching for new products to sell.
Helium 10: Helium 10 offers a suite of Amazon seller tools that help with virtually everything required to run a successful FBA business.
Shopify: I've used Shopify as the backend for multiple e-commerce stores. It's got a very user friendly back-end UI that makes it easy to customize your online store.
G Suite: G Suite is a must if you're running an online business. It makes it easy to have a Gmail email address @yourdomain.com, and Google Drive is the easiest way to collaborate & conduct business online.
Fatcow: I've been using Fatcow.com as a website host since 2008. They give you unlimited bandwidth, disc space, & databases (with restrictions) for a flat annual rate.
AWeber: I use AWeber to host & send to my email list for my online businesses.
Nord VPN: Extremely affordable VPN solution that enables me to use multiple eCommerce accounts with a dedicated IP address.

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💰 Income Report: August 2020

Amazon FBA