$1200 in One Week on Amazon

So my last Amazon deposit on Nov 25th was $788.   It was my highest 2 week total to date, and I was super pumped about making that much in just two weeks.

So now I have a problem.   In less than one week, I already have over $1200 waiting to be depositing into my account on Dec 8th.   Basically I'm on pace to have over $4000 deposited into our account for the month of December.  So what's the problem?

I've pretty much run out of stock on my 5 most popular items.   Three of my items come from one particular company in China, and they just happened to be moving locations when I placed another order with them.   This caused a week long delay in the production of my items, and they still haven't been shipped to me.   This means I'm losing tons of money while my items are out of stock.   I actually made over $800 in just 2 days, and the sales have been dwindling down since I don't have many of my items in stock.

Also, like most first-time Amazon sellers, I use the profits I make to restock my items.  Since I did this, I can't really order more items until after my next deposit around Dec 8th.  Then of course I run the risk of not getting the items to Amazon before Christmas.  I wish someone had told me just how much your sales will grow during the Christmas shopping season.   I'll just consider this a lesson learned.   Next year I'll be sure to start stocking up on things around October.

First $1000 Month as an Amazon Retailer

Took a few months to get there, but it looks like I'm finally going to make over $1000 this month.

  

I still have two more days to go until the balance is deposited into our bank account, so there's a good chance I can make over $1100 this month.   I'm spending about $150 a month on advertising so that's eating into my profits some, but I think that's a fair trade-off.  

Also I've decided to stop labeling my own products.   I figured by the time I buy labels and take the time to print them all out and individually label each product, I can just have Amazon label the products for me. (For a fee of course)   This really cuts down the amount of time I have to spend getting everything organized.  Now when I get a product delivered from China, I just perform a count to make sure there isn't a missing item.   I print off the shipping label and I drop it off at the UPS Store.   This also allows me to replenish my stock much faster.  I'm dabbling with the idea of starting to send some of my products to the Canadian Amazon site to see if it will increase my sales.

I decided to take the plunge and started selling an expensive item on Amazon.  My most "expensive" item before now was just $19.99.    The product that I'm selling now retails on Amazon for about $149.99, but I decided to sell it for $109 just to try and generate some sells.  

What's strange is that I have an item selling for $13.99, and Amazon charges me a fee of $4.99 to sell it, which equates to Amazon charging me 36% to sell the item.  Conversely, Amazon only charges me $13.21 to sell my $109.99 item.   So Amazon is only taking 12% for this item.   I wish I had known this sooner, I would've started selling more expensive items a long time ago.

For those of you selling on Amazon, I highly recommend that you make sure you are stocked up on your items for all the Christmas buyers.  I'm hoping to break the $3000 mark for the month of December.      

Single Females = Flakes

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