March 2022 FBA Profit and Loss Report
How much did I actually make?
Welcome back! Another month, another P&L post. I’ll just start off by saying this has been my best month yet. Considering where I was at the end of last year, it just doesn’t seem real - yet here we are. The amount of support I’ve been receiving recently has been awesome, and I’ll be sure to return the favor by providing content that will help you grow your arbitrage business.
The Numbers
NOTE: These numbers come from InventoryLab which only counts shipped orders:
Revenue: $29,808.59
Cost of Goods Sold: $13,250.74
Amazon Fees: $10,934.33 (includes shipping costs, fulfillment fees, storage, etc.)
Other Expenses: $2,891 (See list below)
Net Profit: $2,732.52
Other Expenses:
Leads List - $100
Tactical Arbitrage (Full Suite) - $129
SellerAmp - $23
Profit Protector Pro - $60
Keepa - $22
Virtual Assistant Salary - $500
eCommerce Insurance - $51
Prep Center Fees - $2006
Prep fees were brutal this month, although part of that is because one of the invoices was from last month and I went too deep on cheap stuff that didn’t work out very well. As I sell more though, my earnings should outpace the fees.
Next month I’ll have another Virtual Assistant, so the salary I’m paying out will double. I paid ~$850 for a program that hires / trains someone for you, and I’ll write a post about my experiences with that as well as using VAs in general later down the road.
Category Breakdown
Health and Beauty seem to be the frontrunners this month, combining for ~57% of my total revenue. I’m not very knowledgeable in the beauty category but I have found a couple of smaller brands that print cheddar which is nice. I plan on branching out into more small apparel (stuff like hats / socks), so hopefully I can get it up to 10-15% of my revenue for next month. Grocery will continue to stick around as I still have a couple of items that move quickly, but it likely won’t be a major part of my business going forward.
What’s Next?
Since I don’t really need the money from this business at the moment I’m not too concerned with the bottom line - I’ll be reinvesting every penny for a while, growing this thing as fast as possible (hopefully without going into debt).
At this point, once I train my new VA I’ll have all my systems in place. It’ll just come down to spending more on inventory, and selling it fast enough to pay off the credit card. I’m starting to build up a larger catalog of items that I can fall back on if my VAs are struggling with finding items so I’m personally going to be letting my foot off the gas a bit and focus on creating more content.
Since I’ll be in a position where I should have more leads than capital, I plan on launching a leads list. It’ll be a relatively small one to test things out and see what my team can handle, but it’ll be another way for me to give back (and make some extra $$$).