This is my first Income Report posted on The Amazing Seller blog and podcast. I wanted to share the numbers to show that these numbers are possible by selling as and FBA Private Label Seller.
There's many sellers out there that are blowing these numbers away, but I wanted to share my journey and hopefully share how I plan to grow my business over the next 12 months.
Below you will find my notes I created for the podcast. I thought you might want to see them broken down.
Total Amazon Sales Generated in February 2015 - 25,079.33
Here's the break down:
1289 Units Sold
1179 Orders - Customers
Product Costs - $14,333.68
Amazon PPC = $1,255
Profit = $9,490 Feb = $339 Day ($10,168 30 Day Numbers)
*Average Sales - 46 Per Day
Cost Breakdown
-Sale Price - $19.97
-Amazon Fees - $5.67
Amazon Fee Breakdown
Handling Fee $1
Pick and Pack $1.04
Weight Handling Fee .63
Referral Fee $3
Product Cost = $5.45 + Amazon Fees = $5.67
Cost = $11.12 Total = $8.85 Profit = 44% margin
How I Can Improve Margins - Save Money Improve Margins
Trim PPC Focus On Converting Keywords
Ship FBA Direct $193
Amazon Label - $258
Total Possible Savings - $451 = .35 cents per unit
Why Amazon PPC Works To Increase Organic Sales
Amazon PPC Spent $1,255 - Sold 110 Units - Helped Rank Keywords
Result of using PPC - 1179 Sales From Organic Search
Additional Monthly Fees
AMZ Shark - $25 Month
Feedback Genius - $80 Month
Sample Fees - $100
Key Takeaways and Lessons Learned
Use PPC to get sales to help rank organically
Do small promotions - 10 per day for 3 to 5 days spike sales
Use Super Keyword URL
Get Reviews - Increases Conversions - 2% can help - 100 people that's 2 extra sales
What I'm Working On For March 2015
-Working on Product #2 - Goal is 10 to 20 sales per day
-Had 9 Sales Yesterday - I'm Averaging 5 per Day
-Experimenting with Price Change - Coupon Code $5 Off
-Product #3 in production - April 1st launch
-Building landing page for product registration - email list
-Insert to drive people to page - extra stuff to help use product + Warranty
Links Discussed:
FBA Calculator - Estimating FEES
Tomoson.com - Blog Review Promotions
AMZ Shark - Tracking - Sales Estimates - Keyword Spy
Feedback Genius - Email Follow -Up Delivery
Leave a comment below or Click Here to leave a question.
Hey...Do me a quick favor.
If you liked this post and podcast and you want me to do more...Share "The Amazing Seller" on Facebook, Twitter or any FB Groups you think would enjoy this content.