💰 Income Report: December 2020

By Ryan Hogue on January 1, 2021

What an end to 2020! Lets look at my passive income from December 2020 and cover the story behind the profit and revenue earned from online sales.

Amazon FBA

Sales: 960
Revenue: $16,194.51
Profit: $4,886.54
Gross Margin: 30%
2020 💰 Profit to Date: $90,414.64

I had predictable inventory issues in December, due to Amazon's restrictions on our ability to keep products in stock.

When you dig a bit deeper, you often find that they impose restrictions on you for for letting some FBA SKUs go out of stock.

And then remove your ability to replenish the stock by limiting your ablity to send in a reasonable amount of inventory.

As you can see from this chart, my most profitable SKUs was quite limited as my inventory levels for many products remain at 0.

I'll be taking a strong look at using Shopify fulfillment in order to sell on Walmart in 2021.

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

Spend: $132.47 $224.99 MoM
Sales: $926.30 $1,632.7 MoM
ROAS: 6.99% 0.17 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: 2,094
Revenue: $35,354.49
Royalty: $4,608.00
Avg. Royalty: $2.20
2020 💰 Profit to Date: $15,510.91

USA
$4,411.40
UK
£799.33
DE
€188.90

This was the type of strong Q4 I was hoping to see from Amazon Merch!

Many people I talked to mentioned that their November sales were better than December, but I saw a +$1,834.24 increase month over month.

My plan in the near-term is the increase my prices across the board and see how that affects my bottom line.

I'm aiming to make at least a $5 royalty per sale for now, and I'm exploring using Productor to bulk-manage some AMS advertising campaigns (with very low bids).

Here's my sales breakdown by day:

Breakdown by product type:

Breakdown by fit type:

And last, breakdown by color:

Uploads Update

97,899 / 100,000

My Amazon Merch upload progress as of December 2020

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: 439
Profit: $1,682.47
2020 💰 Profit to Date: $26,467.89

Sales by platform:

Amazon.com
230
Amazon.co.uk
5
eBay
5
Etsy
0
Redbubble
178
Spreadshirt
7
Teepublic
0
Teespring
0
Zazzle
14

My Dropshipped Print on Demand sales took a bit of a dive this month, unlike my Amazon Merch sales which increased month over month.

This is likely attributed to the vast majority of my profit coming from Amazon.com, and my setting the bulk of my listings handling times to 4+ weeks (to keep my seller account safe).

I really believe that in this case it's better to be safe than sorry.

Here's my Printful sales chart for my Amazon (.com) Seller Central account (Gearbubble sales not pictured):

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

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

Amazon (.com): $1,060.81
Redbubble: $431.85
Ebay $65.52
Amazon (.co.uk): $55.17

I believe that much of my UK reduction in sales can be attributed to the reduction in economic activity as it relates to being locked down.

Last, my efforts were rewarded with a Printful volume discount of 7%!

January isn't typically a huge month for POD sales, but any discount to the baseline cost of Printful's products helps.

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: 244
Profit: $454.04
Avg. Royalty: $1.86
2020 💰 Profit to Date: $2,183.71

$454.04 of profit was generated on 244 sales @ an average royalty of $1.86 per paperback book.

This was my best month of KDP sales on the year, and what was really awesome was Amazon's ability to product & ship orders quickly, allowing customers to make purchases up to only days from Christmas.

Profit breakdown by market:

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

United States: $263.63
United Kingdom: $133.89
Canada: $26.99
Germany: $11.36
Italy: $10.68
Spain: $5.61
France: $1.70
Japan: $0.18

Sales breakdown by day for December:

Sales breakdown by market:

I was unable to capture the normal screenshots from the Orders dashboard because some genius web developer broke the "Orders" view on the KDP Reports Beta dashboard.

If you'd like me to show you how I went from $0 to exceed $3,000+ 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: December 2020

Amazon FBA