💰 Income Report: September 2020

By Ryan Hogue on October 1, 2020

Thanks for checking out my October 2020 monthly passive income report where I'll be sharing my FBA, Merch, Print on Demand, KDP, & AdSense profits with you!.

Amazon FBA

Sales: 1,747
Revenue: $37,940.24
Profit: $9,555.99
Gross Margin: 25%
2020 💰 Profit to Date: $71,137.56

Sales were about as expected in September.

My (semi-seasonal) product that drove a lot of sales in Spring/Summer is beginning to slow down...

And my best selling brand is continuing to see steady sales, as it's a consistent "evergreen" product.

One thing that I've been dealing with lately is a competitor reported one of my product listing's images as "copyright infringement" (which is crazy)

And as a result, all of the images were removed and I have no ability to restore them.

You can probably guess the result... I'm now seeing a massive spike in returns and negative reviews (while talking to Seller Support DAILY... but they, apparently, cannot help).

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

Spend: $451.04 $249.08 MoM
Sales: $2,283.25 $2,251.42 MoM
ACoS: 19.76% 4.33% 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: 424
Revenue: $7,142.47
Royalty: $958.15
Avg. Royalty: $2.26
2020 💰 Profit to Date: $6,446.39

USA
$888.52
UK
£44.92
DE
€10.03

My sales were down a bit month-over-month, even though I uploaded almost 20,000 new & unique standard t-shirts to the platform (on the US market).

I am re-thinking my strategy of selling primarily standard t-shirts on the US market, because I know my sales should be much higher.

It's becoming more & more my belief that they are cycling search results (potentially by product type) because I sometimes see a random (or not random) spike in daily sales:

Here's my sales breakdown by day:

Breakdown by product type:

Breakdown by fit type:

And last, breakdown by color:

Uploads Update

45,077 / 100,000

My Amazon Merch upload progress as of September 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: 357
Profit: $1,717.50
2020 💰 Profit to Date: $19,130.13

Sales by platform:

Amazon.com
160
Amazon.co.uk
14
eBay
10
Etsy
0
Redbubble
93
Spreadshirt
9
Teepublic
66
Teespring
0
Zazzle
5

My Dropshipped Print on Demand sales fell a bit month-over-month from August.

In part because I didn't hit any big trends in September, so my sales were pretty much all organic/evergreen.

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:

Just to note, I have been using PODTurbo to completely automate my uploads to Amazon Seller Central.

It's been a HUGE time saver, as I feel less obligated to manually push products to Amazon via the Printful integration every ~30 minutes.

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

Amazon (.com): $1,008.65
Redbubble: $286.62
Teepublic: $157.75
Amazon (.co.uk): $146.87

In September, Teepublic passed my profits from Amazon.co.uk (for the first time, I think)

Last, my efforts were rewarded with a Printful volume discount of 5%!

Printful products are still driving more sales than Gearbubble for me (coffee mugs are super saturated!)

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: 28
Profit: $54.28
Avg. Royalty: $1.94
2020 💰 Profit to Date: $1,382.95

$54.28 of profit was generated on 28 sales @ an average royalty of $1.94 per paperback book.

I've been testing a new KDP uploader called Power KDP that claims to be able to circumvent the new throttling that Amazon felt the need to add at some point in early August.

Profit breakdown by market:

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

United States: $36.32
United Kingdom: $17.96

Sales breakdown by day for September:

Sales breakdown by market:

Hopefully my sales outside of US & UK will pick back up as we roll into Q4!

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: September 2020

Amazon FBA