💰 Income Report: March 2018

Amazon FBA

Sales: 1,256
Revenue: $35,103.00
Profit: $5,920.25
Gross Margin: 16%
2018 💰 Profit to Date: $12,958.41

Unlike the month prior where a single SKU was responsible for almost all of the profit, this month we got some of our other best selling SKUs back in stock and had a wider source of profitable products.

One thing that I'd like to point out is how the best sellers (that organically ranked very well), boasted 30% or greater profit margins - even after accounting for advertising costs.

I was still doing product research and launching additional SKUs because what I was beginning to notice is that you can launch 5-10 variants of a single SKU: some will be all-stars and make tons of money, others will flop, so the initial scattershot approach seems to be optimal rather than banking everything on 1 SKU being a hit.

Amazon Merch

Sales: 331
Revenue: $6,418.49
Royalty: $1,395.83
Avg. Royalty: $4.22
2018 💰 Profit to Date: $4,595.45

I had 163 different designs sell in the month of March, for a total of 348 sales.

They were mostly evergreen designs - I tend not to chase seasonal trends too much, unless I see a good niche combination of multiple seasonal trends that can be tied together into one design.

Dropshipped Print-on-Demand

Sales: 80
Profit: $234.54
2018 💰 Profit to Date: $745.70

Sales by platform:

Amazon continued to lead the way here. One thing worth noting though is that the profit margins on my Etsy items ends up being much higher.

This is because Etsy takes a 5% cut of costs (& shipping), whereas Amazon takes 15%+.

Pricing on Amazon is also tighter due to increased competition. The fact that they don't charge you on a per-listing basis means that they've essentially opened the floodgates to being spammed with listings.

Google Ads

Earnings: $229.01
Page Views: 394,932
Ad Impressions: 1,719,705
2018 💰 Profit to Date: $557.14

I run a few popular websites where I collect advertising revenue via Google Ads (formerly Google AdSense). I also collect revenue via direct partnerships with advertisers & from affiliate links, but for times sake, I'm going to omit those deals.

I won't be doing month-to-month write ups here because I don't spend much time maintaining these websites. They started out as passion projects that allowed me to become a better web developer, but today I spend very little time working on them.