Gross Sales: $29,162.74
Units Sold: 2876
Amazon Profit: $15,171.91
Affiliate Earnings: $585.29
Total (Banked) USD$15,757.20
Sorry to all of you that thought I’d dropped off the planet last month. I’ve been a bit busy so didn’t get around to doing an update for October 2014. I’ll try and keep them monthly, but can’t promise anything.
Some one asked me if the profits I mention on these posts are actually what I get in hand. The answer is yes. The gross sales is taken from my business reports in Amazon. The Amazon Profit figure is the actual profit I get once the Amazon seller fess and product costs are removed. The Total Banked $ is what is mine to spend. 100% income minus all the fees and costs. This amount is less than what Amazon actually pays into my account because this amount hasn’t had the product costs taken out yet. I use my own spreadsheet to keep a track of and calculate my profits.
Mega Refund WTF?
I had a very disturbing incident involving a monstrous refund issued by Amazon for a product (see below).
The product is only $8.99, and with shipping of $5.58 the total amount is $14.57. However, Amazon chose to refund $98.19! Now, I have contacted Amazon about this and they told me that I can make a claim for this refund after 45 days. So, I’ll have to wait and see until then for an explanation about why this happened, as well as trying to get this money back. I’ll keep you posted.
What disturbs me the most is the fact that this is possible. I’ve added it to my Outlook Calendar so I don’t forget about it. I’m always checking my refund emails vigilantly now. I advise everyone else to do the same.
I received an unexpected bonus this month when Amazon “lost warehouse” 68 of my highest price tag items and reimbursed me for me for them (see image below).
I pocketed a cool $980 on top of what I usually make that day. I still had a load of these products left so it didn’t interfere with my sales. A reimbursement is as good as a sale in terms of what you get paid. Definitely made for a god day!
I saw a post awhile back on the MySilentTeam facebook page about Forest Shipping. They are a company which does sea freight from China straight to Amazon. I’ve taken the plunge and got a quote. On paper it comes out at a quarter of the price as doing air freight. This sounds good to me so I’m in the process of sending them a whole bunch of inventory from all my various manufacturers. This is a considerable investment, but the products I’m sending are all selling well and shipping air freight month to month is getting infuriating. In the long-term doing big quarterly orders by sea is the way forward.
Once I’ve shipped and paid for it, I’ll post the details of the costs, weight shipped, and any other useful about the process and the company.
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