April 2022 FBA Profit and Loss Report

How much did I actually make?

Welcome back! It’s the end of April, which means I get to post another one of these P&L reports. Things keep trending upward, and I’ve been grinding my ass off to make sure it stays that way. I’ll be talking about some of the things that I’ll do in order to ramp up my volume next month and hit some crazy numbers (50k maybe?).

The Numbers

NOTE: These numbers come from InventoryLab which only counts shipped orders:

Revenue: $33,186.83

Cost of Goods Sold: $14,838.44

Amazon Fees: $10,649.93 (includes shipping costs, fulfillment fees, storage, etc.)

Other Expenses: $2,810 (See list below)

Net Profit: $4,888.46

Other Expenses:

• Leads List - $100

• Tactical Arbitrage (OA Package) - $89

• SellerAmp - $23

• Profit Protector Pro - $60

• Keepa - $22

• Quickbooks - $40

• Virtual Assistant Salary - $650 (includes bonuses)

• eCommerce Insurance - $51

• Prep Center Fees - $1775

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A 79% increase in profit over last month is cool, but like I mentioned before I don’t really care about that right now since every penny is going back into more inventory. I’ll start taking some money out once I hit the big bucks.

There are two notable changes to the recurring expenses this month - Tactical Arbitrage and Quickbooks. I originally bought the full suite of TA because I was still doing books at the time and wanted to make use of the library search, but I haven’t really been using it lately so I decided to downgrade my subscription to the regular OA package which is just product / reverse search.

Unfortunately, GoDaddy Bookkeeping has been having issues syncing my credit card and I went an entire month without being able to update my books. Every time I tried contacting support they basically told me they weren’t going to do anything which lead to me ultimately making the switch to Quickbooks. I much prefer GoDaddy because of their out of box integration with Seller Central / simpler UI but I suppose it’s not the end of the world.

Category Breakdown

Beauty is still far and away my best category - I have a few brands I can consistently sell at a high rate so I expect this percentage to keep increasing. I also managed to get Apparel above 10% which I’m pretty happy about, and I expect that number to go up just a little bit. I think the next objective will be to do more kitchen stuff - they fly if you find the right products, especially considering how big the category is.

What’s Next?

The strategy for this month is to start doing merchant fulfilled orders for certain products - I have a couple of items that sell incredibly quickly, and I feel like the opportunity cost of waiting 2 weeks for stuff to get checked in is hindering my cashflow. Even though I’ll have to pay sales tax and buy my own shipping, I think taking a 3-5% decrease in ROI will be worth it because I’ll be able to sell a lot more units in a shorter span of time.

As usual, I’ll be doing my best to put out more content to help you succeed with selling on Amazon. The growth / support has been awesome, and I’ll make sure it doesn’t go to waste.