So my last update was in June (I think), it is now September 7th. Lots to update here.
First, my Amazon affiliate sites:
So my earnings dropped pretty dramatically during the summer – April was about $2300, May dropped to $1450. I have been improving on that every month since may, and am now up to just about $2000/month. Not where I want to be, but getting there. I am also earning a bunch on Ads – well a bunch compared to what I typically earn. My biggest day was last week at something like $15. My current report shows ~ $100 for the last 28 days. This is a big improvement. During the down turn in earnings I turned off ads to see if that was affecting earnings and turned them back on about 2 months ago. This month is going pretty good, on-track for a $2000 month, but I also have 20 items that have been ordered and not shipped. I will definitely hit the 7.5% mark by the end of the month (unless something terrible happens), so I expect my end of month to be something like $2200.
This has not received any attention since my last update. I basically have a site I put a bunch of money/effort into that is just sitting there. The reason it has been collecting dust is because of Amazon FBA. I decided that AFBA has so much more potential that I was doing myself a disservice by working on the Dropshipping site when I could be working on AFBA. So no updates here.
I have been focusing the majority of my attention and efforts on this. I have one product on Amazon right now, and it was a sort of test product. I was able to source it within the US, I was able to learn a bunch about how FBA works and did so without spending much money. My second product is on its way to Amazon and should be ready to start selling within a week or so. I am super excited about this product as I think I can do really well. It also allows me to build a “brand” so that I can sell similar products and start to build an actual company rather than standalone entities.
I built a pretty cool application to help research and find products to sell and am very happy with how it worked out. I approached the decision of the type of product to sell by analyzing the data (as much as I could get). This product will be a test of that analytics and my approach to FBA overall.
I spent about $2500 or so on getting this product to this stage and I expect to get most/all of it back. Once I place the second order of products is when I will start making money, and then once I get my quantity up I will start making some really good money on the product.
I am debating on selling my primary site. I want to wait until I prove out my strategy for FBA, but once I do it would be really cool to be able to reinvest the money from my site into FBA. I would be able to grow really quickly.
I have a new idea for a company based on a diet that I am currently on. The idea is fairly novel, but I won’t be the first to market. I do expect however, that I will be able to become the first into the minds of customers based on the competence/desire of the competition. I am basically going to use the product to lose weight (8 or 9 lbs down already) while building a vlog site and followers, and then use that audience to launch the new product. I will be the spokesperson and use my journey as evidence/testimony of its efficacy.