$19,000 March 2018 eBay Income Report!

what's up everybody welcome to my March 2018 income report for my eBay dropshipping store I am super excited to bring you this income report because this is actually the most money I've ever made on eBay ever before in a single month make sure that you guys also stick around to the end because I'm going to show you how I did this and how you can do it as well and of course I'm also gonna bring you in sama eBay account so you can have proof that I actually earned this much money had this much in sales so let's get right into it okay so this month I had in sales on

eBay a hundred and seventy thousand five hundred and seventy six dollars and 74 cents that's in sales I also received a lot of cash back this month one thousand dollars from simply best coupon thirty six hundred dollars from giving assistant and one of my credit cards I received over two thousand dollars in cash back now the way cashback works is that I earn cashback on one day and then it doesn't get paid out for a couple of months that's just the way it works so in this situation this cash back that I received at least from simply best coupon and giving assistant was from cash back that I earned in December that the credit card is however like instantaneous so that's cash back I actually earned this past month and was paid out the same month just so you guys are aware where this money's coming from the eBay fees were a

little over seventeen thousand dollars this includes not only the eBay fees that I paid but also how much was returned to me for you know returns or cancellation so it's all factored into that same thing with the paypal fees after all fees that PayPal returned to me for returns and stuff was seven thousand four hundred sixty nine dollars the cost of goods sold is

obviously my largest expense it was a hundred and seventeen thousand dollars this is when I go to the source like Home Depot or Walmart and buy the item from them to ship them to the customer I spent one hundred and seventeen thousand dollars on those websites to fulfill the orders the other expenses I had were I

paid sales tax last month was the of a quarter so I was 2800 bookkeeping software was $18. 00 I use reply manager which I use my virtual assistants through the it's a way to communicate with your buyers outside of eBay it's it integrates with eBay so it sends the messages as if I'm on eBay but they log in to accept my bas log into a separate website called reply manager I really like it better than them actually logging in to eBay because I can see who answered what questions it's just easier to keep track of the orders in there it's a lot more organized which is the reason I use it i also used fees d-lister again which is a site that helps you is supposed to help you eliminate listings that are underperforming I tested it in the past I thought it was pretty good but I wanted to try it again and be like a little more analytical with it I tried it I don't like it I do not recommend it because I found it to be very inaccurate it said some items weren't selling when in fact they were and if I had just deleted them based on what fees to list there was telling me I would have been deleting items that were selling well in my store so that's why I don't suggest that you use this software I also paid three thousand dollars to my virtual assistants my virtual I have a team of nine virtual assistants right now many of them work full time not all of them and they're really the ones that run the store I do they do about 95% of the work for me I just log in once a day I do the really hard customer service questions that they can't answer and they also just do like the bookkeeping because I don't want them to you know see the bookkeeping I pay off the credit cards things like that so I spent about 20 to 30 minutes a day doing all of that the virtual assistants do the rest they list they fulfill the orders they do the customer service and this month was the first month that my first full month in a long time since I've had a virtual assistant who whose only job was listing and I'll talk more about that in a minute DSM tool is the software that I used to list my items and also reprises them it only cost me 122 dollars and that's because it was supposed to cost a lot more but or a little bit more but it was offset by affiliate income that I received so I recommend this software to people because this is the one that I use and I really like it and I receive a really small Commission for that and that kind of offset the cost of it so that's why it's low and then I use tracker bot is what I use to automatically upload tracking numbers to ebay it pulls them from Gmail and loads them up to ebay so if any of you guys are interested in any of these software as I talked about I do have affiliate links to them like I said I do receive a small commission if you click and buy through that link but all those links are in the description of this video if you're at all interested then I had to return money to buyers either because orders were cancelled or because I returned items or they returned items rather so that was $9,900 that's it feels like a bit high but in a grand scheme of how much I earn during the month it's not too much it's something I'm gonna start keeping better track up moving forward I'm going to try to put it into every income report so you guys can see exactly how much money has been refunded either because it returns or cancelled orders so that brings a total

profit to just over $19,000 which is incredible this has been my most profitable month to date in January this year I had just under 19 thousand dollars in profit and that blew me away and I didn't think I would get back up there I thought it would stay around 15 last month was 12 which I was happy with but yeah this month was $19,000 and I'm super excited by that and I want to show you how this happened and kind of explained that so this month I redeemed

a lot of cash back I think it was about six thousand dollars in cash back so that is a lot that's not gonna be normal so December was a huge month for me in terms of sales so as I was fulfilling the orders I was getting a lot of cash back from the websites but that took a few months to pay out it all paid out in March which is why I have so much money in cash back that's not gonna happen every I'm just aware of that also sales were going back up there was kind of a dip in March but they kind of risen back up and the third thing that I really did to help get my profit up so high was that I finally had a virtual assistant listing full-time last year I had hired a virtual assistant to list I wasn't happy with his work so I fired him and just thought to myself no I'm not gonna trust a virtual assistant to do listing anymore I'm gonna do it all my own so that's what I continue to do finally in February I said I have to try it again so I did hire virtual assistant she's really smart she's really good she was working for me a little bit in February in March she went full time doing this and it really shows it really made a big difference so this is kind of a classic example of the business owner myself believing that you know I can't outsource my work because the virtual assistants aren't gonna do as well of a job as I am and in fact that's just not true these virtual assistants I hire are really smart many of them have college degrees and this is just the job that they have and they're more than happy to do it and I'm pay them to do if it makes me more money so

let's take a look at two of my eBay stores I have three currently actually four currently but really only use three of them here's one that from March 1st to March 31st I did a hundred and thirty-five thousand dollars in sales you see I had some really great days and that's one of my accounts my second account here did $26,000 in sales this one was down a bit this one I don't do too much with it's really more for experimenting so this one had a little bit of a drop but still pretty solid for not really doing much work on it and finally here we are inside my PayPal account you'll see I have a time period of January 2017 to today which is April 12th and you see here I've done just over a million dollars in sales since then this is when I started January of 2017 so this is pretty incredible for me I never thought that I would ever hit numbers like this so some other big

milestones I hit this month I now have over 400 students enrolled in dropshipping Titans comm this is my course where I show people how to go from A to Z how to set up scale and run your very own eBay dropshipping store it's where I put all the information that I learned as they built this now seven-figure ebay drop shipping business that's one of the things I forgot to include under the milestones because I'm not really sure when it happened I didn't really pay attention to it but yeah I've done over a million dollars in sales now on eBay that's really exciting when I discovered that so I show everything in that course and I'm really excited I now have over 400 students in that course that I'm teaching this these methods too I also hit 4500 subscribers on YouTube I have an email us with 1500 subscribers now I'm working on my second course the virtual assistant course it is almost done and it will be available really soon and if this didn't really happen last month this actually happened very recently but I have this new awesome camera setup I finally am able to use my DSLR as a webcam so my video quality of my videos should be much better for you guys which I'm really excited for and finally I set up a new website it's just my name Paul Jay Lipsky that spelled lip sky. com so check it out if you want I do have some free stuff on that website so a really exciting month for me in terms of profit it actually took me almost two weeks to make this income report because I had to do it redo it four times because I just didn't believe that I have made this much money these income reports actually take a lot of time they take me about a half a day to put together just a lot to sort through and I redid it three times I did a total of four times just because I couldn't believe that I made 19 thousand dollars in profit going forward I'm trying to be realistic about things I know that all I was paid out a lot of cash back from December in March which is why my profit was so high but even without that my profit would have been on like a normal month just about three or four thousand dollars less than that which is still really crushing it so I'm super excited by that I'm hoping again to beat 15k next month or rather this month in April so if you guys want to make sure that you don't miss that income report guys subscribe to the channel and give this video a thumbs up if you found this inspirational at all if you learned something and thanks so much for watching you guys if you have any questions about what I'm doing make sure to leave them in the comments of this video and I'll see you in the next video