My April 2016 Monthly Income Report
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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!
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Awesome! Realy inspiring post. I am always motivate after reading your blogs. Thanks for the insights.
Awesome to hear that Mantras, thanks for taking a sec to let me know!
Hey! Will you be elaborating on the malicious Amazon competitor?
Yes, I will. I’m still working out a solution and when I have everything resolved, I’ll write all about it! If I do it now, all I’ll be doing is ranting and it won’t have much value.
Congrats Tim Maina. Interesting reading!
Thank you Tiago!
Wow, just found your website and I’m very impressed! Keep it up
Thank you Faith! I hope you find some value in my posts.
I am at 30K/month in sales and doing the same type of profit from one stream. I need to diversify for sure.
Oh wow. that’s amazing Kim- congratulations!!! Diversifying makes sense to me. I wish you all the best in 2017!
Really loving the posts, but sad when I saw it ended in April. How have the months after April been? You’ve given me inspiration to start FBA!
Although not as regular, I’ve continued to post (and will continue to post) the remainder of this year. Just been a bit “distracted” but I’m glad to hear that this gave you inspiration to get started on FBA, I’d love to hear how your journey is so far.
Stream on!
Wonderful. I have fallen in love with this blog. Are you doing all this stuff while still in Kenya?
Thank you Isaiah! No I currently reside in Las Vegas!
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