Thursday, March 30, 2017

February Totals and Random Fun Facts

Sorry guys this is really late. Last week I turned 30 so now I'm feeling really old.....I mean 30 is when you are actually recognized as an adult right?!

Nothing like celebrating my birth month with great sales....specifically on eBay. It came out of nowhere but I am thankful. Amazon is way way down over last year; however we have been spending way less on COGS. Hubby hates to shop and I don't have time.

Anyway, there are a few stores HATES to source at (think baby stores, craft stores etc). I can't blame him; I'm not crazy about car stores, hardware stores, electronic stores etc so we make a great team.

I hit up 2 of these stores last night and man now is a great time to source. Both stores had overflowing clearance sections with more clearance in almost every aisle!!! I am a little concerned we are not spending enough on COGS to keep us moving in the right direction on Amazon.

Anyway, February MAY have been the best month in recent history. The business (now being debt free) is paying for a large part of our bills.....and we are now starting more agressively Dave Ramsey's baby steps.

February:
Income:

ebay 1213.24
facebook 275.50
etsy 17.90
amazon 1301.86

income 2808.50

Outgo:
COGS 414.71
Car expenses 222.00
entertainment 17.28
shipping 436.46
selling expenses 100
supplies 33.76
paypal 63.13
ebay 126.49
amazon 576.07
etsy .30
refunds 14.23

outgo 2004.43

total February profit 804.07

Not too shabby. I'm hoping to step up our COGS to around $1000.00 a month (99% amazon. Yard sales are cheap and I have a TON on ebay inventory still).

Now that for the last half a year of so I have been turning a profit, I really do want to say a huge heartfelt thanks to those who followed me and gave encouragement when I had no idea what I was doing and was bleeding money every month.

My computer died and at the same time I was offered a free older computer. It's slow and won't last forever but it saved us $300 for the time being!

4 comments:

  1. Wow, you guys are doing great! Can't wait until I'm making $800+ a month.

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    1. thanks :D It was a long 3 year haul. Not having a credit card/buying more inventory then we can afford really helps. I know its common sense but sometimes I lack that :D

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  2. Replies
    1. Thanks! It certainly has been a long haul!

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