October 2022 FBA Profit and Loss Report

How much did I actually make?

Welcome back!

Another month has passed, so it’s time for an update on my biz. However, I’m afraid that things haven’t been going as well as I hoped - that being said I will be taking actionable steps to remedy this.

The Numbers

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

Revenue: $88,583.53

Cost of Goods Sold: $45,910.16

Amazon Fees: $31,171.29 (includes shipping costs, fulfillment fees, storage, etc.)

Other Expenses: $6,222 (See list below)

Net Profit: $5,280.08

Other Expenses:

• Tactical Arbitrage (OA Package) - $89

• SellerAmp - $23

• BQool - $100

• Keepa - $22

• Quickbooks - $80

• Cheddarsoft - $50

• Virtual Assistant Salary - $1300 (includes bonuses)

• eCommerce Insurance - $51

• Legal Retainer - $89

• Prep Center Fees - $4418

Things didn’t go very well this month, for a few reasons:

• My prep center increased fees due to an increase in supply costs

• A lot of days I just wasn’t sourcing enough and didn’t put the necessary time in

• A noticeable chunk of the inventory I did buy was tanking more than usual - bad research

The only other noticeable change is that I switched repricers - I am not using BQool instead of Profit Protector Pro, which is an extra $40 per month but allows for some more customizable repricing rules - an extra $40 isn’t going to hurt me at this stage anyways.

One more thing I should look into is using a different software to generate my P&L reports - InventoryLab is very weird when it comes to returns and sometimes my net profit on the reports it was giving me would randomly drop $2,000 - $3,000 in a single day. While I can’t say for sure if this is why my numbers don’t look as good, it still wouldn’t make me feel good about the effort I put in during October.

Category Breakdown

Beauty has had a massive resurgence in my store, for no other reason than I was able to find some good items in that category due to some limited time sales. Clothing / Shoes has fallen off a decent amount, not for any reason other than I haven’t been sourcing them that much and it’s the category I’ve had the most issues with in terms of price tanking.

What’s Next?

Frankly, I haven’t been putting enough effort in - responsibilities at my 9-5 continue to increase without an increase in pay and it’s really affecting my ability to work on the business. At this rate, I might be quitting sometime next year and just bet on myself (even though it’s not the smart thing to do).

I have a 4th sourcing VA starting this Friday - it’s time to step up my sourcing efforts for Q4 and buy more inventory than I usually would.

As far as content goes, here’s what I have planned in the future:

• I am currently working on a course. This will be a the most detailed content stack I’ve ever created, with somewhere between 35-45 videos. As of writing this post, the first 6 videos are already done.

• Although I’m not sure when, Daily Catch is coming back - I believe I have enough resources at my disposal to start providing leads as a service again.

• I plan to release more short form content on Twitter / Substack to give you more small / quick tips that you can use to optimize your own arbitrage businesses

Until next time.