Are you looking for Amazon FBA income reports that will give you an inside look at how much money people are making from selling on Amazon?
I have to admit, I love getting an inside look at people's businesses by reading their income reports.
Here at The Selling Family, we used to do regular monthly income reports for our Amazon FBA business. We eventually stopped though because, to be honest, they just start to get super repetitive and a little awkward to write even.
I remember writing months where we made over $1,000/hr from our Amazon business, then a month later showing an hourly wage of less than $200/hr.
I know that many people find income reports very helpful to read because it does help you know what you can expect and how much time people are spending in their business and even how much money is going into a business.
We prided ourselves on working part-time hours while bringing in a full-time income and spending very little on overhead.
In this Amazon FBA Income report compilation, I am going to combine all of the income reports we had previously posted here on The Selling Family site. This will save you from having to comb through a bunch of different posts and getting right to the numbers!
If you are looking to start your own Amazon FBA business, I recommend that you check out our Amazon Boot Camp course. In this step-by-step course, we teach you everything you need to start your own retail arbitrage business.
Our Amazon FBA Income Reports
The below Amazon income reports will give you an inside look at what was going on in our business during the month and some of our key takeaways from that period of time.
How We Run Our Amazon Business
Before we dig into the income reports, I wanted to talk quickly about the way that we run our Amazon business. Our # 1 goal for selling on Amazon has been to make a good income while working part-time. Giving us the freedom to enjoy a nice lifestyle that is not tied down to working 50+ hours a week.
This means that our Amazon business would never reach 7-figures, but we also never work more than 20 hours a week (actually, that's not totally true because during the 4th quarter we work more and make significantly more)
Our biggest way of finding inventory is through Liquidation Stores (we have an entire guide on how we use liquidation stores for sourcing) where we can often double or triple our investment returns. Even when not sourcing at liquidation stores we try to get the biggest margins we can.
We often leave behind many profitable items that other sellers would snatch up in a second. But that is because our goal is not to make the most, it's to keep our business profitable while working the least amount of hours!
July Amazon Income Report
Income From Amazon Sales $16,995.52
- Cost Of Goods Sold: $3709.50
- Amazon's Fees: $4492.60
- Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $1094.66
Net Profit: $7698.76
Time Spent On The Business In September
- Shopping: 15 hours
- Shipping/Prepping: 25 hours
Hourly Wage: $192.46
August Amazon Income Report
Income From Amazon Sales: $10,077.23
- Costs Of Goods Sold: $2068.45
- Amazon's Fees $2978.65
- Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $836.42
Net Profit: $4193.71
Time Spent On The Business In August
- Shopping: 25 hours
- Shipping/Prepping: 20 hours
Hourly Wage: $93.19
September Amazon Income Report
Income From Amazon Sales $11,461.38
- Cost Of Goods Sold: $2653.20
- Amazon's Fees: $3067.67
- Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $933.88
Net Profit: $4806.63
Time Spent On The Business In September
- Shopping: 30 hours - (3) 5 hour shopping trips together. We took one week off from shopping for our birthdays.
- Shipping/Prepping: 20 hours - 8 shipments sent in which took 2 hours on average, plus 4 extra hours for an extra large shipment we did this month. These are the combined totals for Cliff and I. Sometimes only he does shipments, sometimes we do them together.
Total hours: 50 hours
Hourly Wage: $96.13
Some Thoughts About October
As you may have noticed, our numbers are not as high as they have been in the past. I spent a lot of time working on the blog and my Amazon courses this month. But, here is one of the best things about this business. The more time that you want to spend on it, the more you can make. I know that if we wanted to spend full time hours doing the FBA thing, then we could get to $15,000/month profit or more. Right now, that is not what we choose to do though. I want to be your example if you want to choose a low stress lifestyle, or are looking to spend a few hours a month adding some extra fun money to your families budget.
October Amazon Income Report
October Income from Amazon Sales: $14,658.64
Cost Of Goods Sold: $4195.04
Amazon's Fees: $3994.12
Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $950.50
Net Profit: $5,518.98
Time Spent On The Business In October
Shopping: 55 hours - I don't have the exact break down this month or how many combined and how many solo trips we did, but we were ramping up our inventory and did most of our trips alone so that we could cover more ground.
Shipping/Prepping: 33 hours - 11 shipments sent in which took 3 hours on average. These are the combined totals for Cliff and I. Sometimes only he does shipments, sometimes we do them together.
Total hours: 88 hours - These are split between Cliff and I.
Hourly Wage: $62.71/hour
Some Thoughts About October
You may have noticed that for October, our hourly rate was lower than usual. The reason for that is because we were shopping and sending in more inventory than usual in order to get ready for the holiday sales. You will see the major uptick in hourly wages in the November and December sections because the sales started to increase while the workload went back down in December.
If you are looking for ways to increase your sales in the 4th quarter, you should check out our Q4 Profits Guide. This will show you how we maximize our profits during this time of year by focusing on retail toys and gift items.
November Amazon Income Report
Income From Amazon Sales: $38,682.22
Cost Of Goods Sold: $9,153.42
Amazon's Fees: $8,646.58
Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $2,022.08
Net Profit: $18,860.14
Time Spent On The Business In November
Shopping: 100 hours - This month there were quite a few “all day” trips as we drove all over California picking up good inventory. When I say all day I mean 8-12 hours. A few days we went together and on the longer trips we went alone so that the other could work on merchant fulfilled shipments and/or packing the inventory from the other days.
Shipping/Prepping: 63 hours - 9 VERY large shipments sent in which took 7 hours on average. These are the combined totals for Cliff and I. In November, the only time that we were not both packing shipments was when one of us was shopping for more inventory.
Total hours: 163 hours - These are split between Cliff and I.
Hourly Wage: $115.70/hour
Some Thoughts About November
You may have noticed that for November, our hours spent on the business we almost double what they normally are. I have to admit, that although it felt like we were “working all the time”, we were still pulling part time hours! There were days where we didn't do any work at all, and the rest were split rotating shopping/shipping.
One thing we did in November that was different than other months out of the year, is we shipped over 700 Merchant Fulfilled orders! This is something we rarely do the rest of the year, but decided to take the quick returns and send the orders ourself for a few items. Want to know why we merchant fulfill more in Q4 than the rest of the year? Check out this merchant fulfilling guide for all the deets.
December Amazon Income Report
Income From Amazon Sales $115,848.89
- Cost of Goods Sold: $39,897.27
- Amazon's Fees: $24.626.81
- Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $5,279.57
Net Profit: $46,145.24
Time Spent On The Business In December
- Shopping: 15 hours - We didn't spend much time at all shopping in December because we were just grabbing what we knew was really good and replenishing our stock to Amazon.
- Shipping/Prepping: 16 hours - 4 shipments sent in which took 4 hours on average. These are the combined totals for Cliff and I. In December we did all of the shipments together.
Total hours: 31 hours - These are split between Cliff and I.
Hourly Wage: $1,488.55/hour
Some Thoughts About December
In December we actually did not spend that many hours in total on the business. We had a family vacation planned the week before Christmas and did not do any work during our vacation, or when we came home, until the new year 🙂 It feels nice to write out the $1,488.55/hour income, but almost all of that work was done in months leading up to December.
Another note about December's sales. Almost all of our sales came from retail arbitrage items. We don't do much liquidation sourcing in November/December and barely buy clearance items at this time. This is the power of learning our Q4 strategy. You can bring in huge numbers for a few months of the year and then be free to take some time off 🙂
January Amazon Income Report
Income From Amazon Sales $13,642.95
- Cost Of Goods Sold: $4299.48
- Amazon's Fees: $3203.96
- Misc Expenses - Inbound Shipping, Subscription Fees, Refunds, etc: $1845.06
Net Profit: $4,294.45
Time Spent On The Business In January
- Shopping: 20 hours - Cliff did most of the in store shopping this month, and I spent more time online looking at wholesale opportunities.
- Shipping/Prepping: 15 hours - We sent in a total of 6 shipments for January. A couple of those shipments Cliff did by himself and took about 2 hours on. Then we did 4 shipments together for 1.5 each.
Total hours: 35 hours - These are split between Cliff and I.
Hourly Wage: $122.69/hour
Some Thoughts About January
One of the things that always happens in January is there are a higher number of overall returns. Returns % still remains around 2% but it makes a bigger impact because the sales happened in the months before but the refunds come out of January.
This year I am focused on finding new ways to source inventory, without adding extra time away from home. I have started purchasing wholesale! I'm sure some of you will find that hard to believe. But, guess what? I'm not making slim margins! I am doing it “my way”. Which of course means that I am getting more than 100% returns on my investments.
I have also started looking into private label again. This is something that I did with some success in the early parts of last year, but never focused enough on it to make it really work out. So, I will be taking what I learned last go round and applying it this time so I can better prepared and know what to expect.
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