My April 2016 Monthly Income Report

April’s Overview

April was another interesting month. In the wake of trying to get my listings back to where they were, I concentrated solely on Amazon reselling which yielded some decent results. So decent that I ended up with the highest gross revenue number since I started this journey almost a year ago.

In total, I generated $17,488.61 which was equivalent to a +34.28% growth from March’s revenue but a -16.26% decrease in net income.

After wrapping up the iPad development project in March, I decided to take a break from digital services and focus on Amazon partially because I was dealing with some personal set backs and also because I was sort of burnt out.

I also sold a few items on Craigslist…continued effort to clear out my garage so I can have a spot to park my car before this Vegas sun goes full blast!

Anyway, here’s how April really went down…

Income Breakdown

Digital Services $500 (-91.40%) AdSense Revenue from Niche Sites $44.42 (+5.81%) Dating Website Membership Fees $21.92 (+37.69%) Room Rental Income $1,055.24 (-0.94%) Amazon $15,180.80 (+173.46%) $5K Amazon Business System $0.00 (0.00%) Alex & Pike $0.00 (0.00%) eBay $412.23 (-22.65%) Craigslist $270.00 (+270K%) Hot Chocolate Donations $4.00 (400%) April’s Gross Income $ 17,488.61 (+34.28%)

Estimated Expenses

Cost of Goods Sold $6,247.74 Web Hosting $62.00 Landing Page + Analytics $18.00 Email Services $37.00 Fees $3,428.06 Amazon SEO $50.00 Shopify Store Subscription $0.00 Shipping & Handling + Shipping Supplies $48.00 Advertising $0.00 Outsourcing $0.00 April’s Estimated Expenses $9,890.80 (+150.37%)

Net Income (estimated): $7,597.81 (-16.26%)

Things were really slow until mid month when all of a sudden sales erupted and continued this way until the end of the month. Honestly, I thought I’d have the worst income reports yet instead I got the exact opposite.

Due to running out of stock, I had to drop ship some most of my orders which increased my COGS tremendously. Had this not been the case, I would have had the best month yet because my net income would have been at least a couple thousands higher! Amazon fees still got me though 🙂

Lesson Learned

“A luta continua, vitória é certa”.

Meaning, “The struggle continues, victory is certain”. It’s so easy to give up in the face of uncertainty but I keep reminding myself that this is a commitment and you simply don’t back down from a commitment- you keep fighting on all fronts!

Thank you for reading, until next month, stream on!