💰 Income Report: May 2017

By Ryan Hogue on June 15, 2017

May was a tough month as I had no inventory in stock at FBA warehouses, so my primary focus was expanding my print-on-demand offerings on Amazon Merch.

Amazon FBA

Sales: 0
Revenue: $0.00
Profit: $0.00
Gross Margin: 0%
2017 💰 Profit to Date: $42.54

Short & sweet: I had no inventory for sale on Amazon.com during the month of May. My sales from the month prior were test sales (using sample orders from various suppliers).

My "real" product orders were being produced & shipped via air express to get sales rolling in as soon as possible - but for now, I was waiting.

Amazon Merch

Sales: 22
Revenue: $369.66
Royalty: $99.57
Avg. Royalty: $4.53
2017 💰 Profit to Date: $114.04

I think something clicked after getting my first few sales, where I felt like I was slapped in the face with a realization of the potential of the Amazon Merch program.

You could say I was hooked, and to make things better, I remember one morning reading a front-page Reddit.com thread solely dedicated to people sharing funny t-shirt ideas that they saw people wearing.

I spent hours combing through it, and over the course of 2.5 hours ended up with a spreadsheet with hundreds of niche ideas for t-shirt designs.

Given my low tier & subsequent limited daily uploads, I made sure to methodically upload the max number of shirts allowed per day, and my effort was rewarded with sales.

Dropshipped Print-on-Demand

Sales: 0
Profit: $0
2017 💰 Profit to Date: $0.00

Towards the end of May I had done some reading up on the GearBubble.com platform and registered to attend webinars that would help me understand exactly how it worked as a dropshipping print-on-demand fulfillment service.

I soon realized that the work I was doing on designs for Merch could be placed on a multitude of additional products, so I signed up for their e-commerce integrations plan.

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.

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

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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!

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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)

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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: May 2017

Amazon FBA

Amazon Merch

Dropshipped Print-on-Demand