I do believe this is the first time in a while that I’ve gotten an income report out on time — dare I say, the first time I’ve ever released one on the first day of the month! I apologize for being behind in updates and responding to comments. I took a much needed but far too long break, but I hope to be back on schedule now that things have calmed down.
With that said, August turned out to be a good month overall for us. We made some significant strides in our long-term business goals (outside of re-selling) and we also hit some milestones as well. Our biggest accomplishment in August was finally bringing some help on board. Our newest employee officially began working on August 6th. 🙂 She has taken a huge burden off of my shoulders and she is largely responsible for me being able to find the time to blog again. In other news, we hit an eBay sales milestone this month and hopefully it won’t be the last.
As I usually preface in most of my income reports, the figures that I report below are from part-time re-selling. The hours that I put in fluctuate from 2 to 15 hours per week. My first and full-time job is my family and my home. I occasionally have the help of my husband and that equates to approximately 1 to 6 hours per week. Re-selling is something that we both do on the side and unless our circumstances change, it will remain a part-time venture. With that in mind, if you can dedicate full-time hours to re-selling, your numbers will in all likelihood be higher than those that I report on this blog.
We entered the month of July on a high note. As I mentioned in June’s income report, we made a rather large liquidation purchase and we were able to get it out the door and into Amazon’s warehouse right around the 2nd of the month. By July 3rd we were back to having $1k+ sales days after our slump in sales in June and on July 7th we experienced our highest post-Q4 sales day which was $195 shy of a $4k sales day. Things were going great for us up until July 16th when we received a “suspended” notification from Amazon…
As I usually preface in most of my income reports, the figures that I report below are from part-time re-selling. The hours that I put in fluctuate from 2 to 15 hours per week. My first and full-time job is my family and my home. I occasionally have the help of my husband and that equates to approximately 1 to 6 hours per week. No week looks the same for us. Re-selling is something that we both do on the side and unless our circumstances change, it will remain a part-time venture. With that in mind, if you can dedicate full-time hours to re-selling, your numbers will in all likelihood be higher than those that I report on this blog.
With that out of the way, let’s jump into the numbers and more details about our suspension…
Unfortunately, our eBay sales took a backseat once again this month. This was mainly due to processing the 8 pallets worth of goods that we liquidated in June and then dealing with an Amazon suspension. I only managed to list only a few items for the month. Here are the numbers:
This post is almost 2 months overdue (at the time of writing), but I’ve finally found some time to sit down and recap what has been going on since I last blogged.
June’s income report will be rather short. The month of June did not involve much in the way of re-selling. Instead, Hubby and I spent that time preparing for and teaching Vacation Bible School once again as well as attending graduations and taking a mini-sourcing vacation. As a consequence, our Amazon sales took a huge dip but we did have a good month on eBay…all things considered.
Without further ado, here are the numbers…
I hunkered down in June to get some much needed listings up. If you can’t tell, I really don’t like the listing process!
Most of our sales didn’t take place until the end of the month once we were through travelling and teaching Vacation Bible School. Even with only 2.5 weeks worth of listing and sales under our belt, we were very close to hitting $1k in profit for the month. Here are numbers (nicely formatted and calculated thanks to Easy Auctions Tracker):
These numbers are the result of 56 sold listings. Our average sales price was $30.81 and 100% of our sales were liquidation items that have been sitting unlisted for quite some time. Some of the electronic items had been unlisted since January.
This income report is a week overdue, but not as late as some of the others have been since my hiatus. Now that things are looking much better on the personal front, I am trying to get back into the groove of blogging and posting more than just income reports. There is quite a bit that I want to say, but there just aren’t enough hours in the day to sit down and write everything out.
…but I digress.
The month of May was very eventful for us! As I stated in April’s income report, there were a lot of new changes on the horizon for us, starting with our desire to incorporate. I am proud to report that we are officially an S-Corporation as of May. I wasn’t expecting this to happen until around June, but I am glad it happened when it did. At the moment we are still finalizing things like planning our first organizational meeting and we waiting to hear back from our insurance broker regarding business insurance and worker’s compensation insurance for the employee that we would like to hire.
There are also quite a few things that must be crossed off our list before we can hire our first employee and I plan to document that process in a completely different blog post.
In other news, I am also proud to report that we stuck to our guns about going on a spending freeze! I didn’t elaborate much on this in last month’s income report, but there were two (2) reasons for this spending freeze:
This income report will be another late and short post, but I do feel like I’ve finally gotten back into the swing of things so hopefully my next income report will be on time.
The month of April came and went rather quickly and there is not much to highlight other than the fact that our sales have remained steady and we are moving towards heavily investing our time and efforts into making liquidated merchandise a significant part of our business model.
This month’s reselling focused entirely around Amazon FBA. I did not list any items on eBay so without further ado, let’s take a look at the numbers for this month…
Our sales increased slightly over last month’s numbers. So far it appears that we’re maintaining an average of $20k in gross sales:
To our surprise, over 60% of this month’s sales were attributed to liquidated merchandise. Around the middle of the month, I took a trip to Southern California to visit a liquidator in person. Prior to my visit, our only dealings with this particular liquidator were via online purchases. I really wanted to get an idea of what other types of items they had in stock that they didn’t put on their website — and I knew there was more — much more than they listed online. Before I shelled out money for a plane ticket, my husband and I decided to send his mother (who lives in Southern California) to scout the place out for us. Once she told us that this place was worth its salt, we decided that I would go and visit.