$210,000 in Sales in One Month - eBay Dropshipping January 2018 Income Report

what is up everyone welcome if this is your first time here my name is Paul and from the hustle husband's where we talk a lot about eBay dropshipping today I'm going to give you my January 2018 income report I'm really excited to bring you this income report because this is the most we've ever made in one month through eBay dropshipping so let's just get right into it I'll show you all the numbers so first let's take a look at the income we had one hundred ninety five thousand nine hundred twenty seven dollars and sixty two cents worth of sales minus the returns so this was our biggest sales month yet even bigger than December which is traditionally the biggest month of the year everyone says that January's a really swell month obviously that wasn't the case for us I think that was because we really focus on items that have sustainable interest not items that are like seasonal or that people would only buy during the holidays so that's what we focus on and also at the end of December when things slow down instead of slowing down ourselves we just listed a lot of items at the end of December which i think really helped in addition to the sales we also had seven hundred ninety five dollars in cash back from paypal twelve hundred dollars from our capital one credit card and thirteen hundred dollars from giving assistant that's all cash back that we receive just for shopping online basically free money it's my favorite income because it's just so easy so this is a look inside my PayPal account you see the dates are from January 1st to January 31st total sales is showing two hundred and ten thousand dollars that's a little higher than what I showed you on the slideshow and that's because this also includes cashback that was paid to me through giving assistant and it also doesn't reflect returns that I did through eBay so these are my numbers you'll see some days are really good over eight thousand dollars in a day some days are lower fifty nine hundred I don't think I any days under 5,000 so overall a really strong month and then this is giving a system calm this will show all the payments that were paid out to me in January you'll see payments of 478 544 this one was only 43 385 for 19 for 47 so that really adds up quickly it's a nice way to get some extra cash just by shopping through giving assistant if you guys want to check out giving a system for yourself be sure to check out the link in the description below we'll take you right there and you'll get five dollars just for signing up so let's now look at the expenses because of course not all of this is profit so these are the expenses paypal fees were eighty seven hundred dollars ebay fees were seventeen almost eighteen thousand dollars cost of goods was a hundred and fifty-one thousand dollars I spent thirty two hundred dollars on virtual assistants these virtual assistants do everything for me they purchase the items they do the customer service they take care of returns and cases they do everything the last thing on the list is seven hundred ninety dollars for various softwares and subscriptions like tracker bot which automatically uploads tracking numbers to ebay reply manager which we use to kind of keep track of who is answering which messages because we have two virtual assistants and answer messages I do the hard ones so that helps keep it all very organized godaddy bookkeeping which I'm not going to use any more but we did use it this past month DSM tool and grasshopper which is a phone service so that people don't call my phone anymore add up all the income subtract all the expenses and our total profit for January 2018 is eighteen thousand four hundred and sixty six dollars and thirty-five cents so this was a huge month our biggest profit yet it beat out December by just a little bit obviously I'm really excited by this but I have to admit I'm a little disappointed I really wanted to cross $20,000 in profit nor ordinarily I wouldn't be disappointed by this but we came so close and I just made a couple of little mistakes that ate into our profit a little bit one of the things that cut into our profit a little bit was that I have my virtual assistants doing more work on the store that way I could spend less time doing it which really isn't something that I'm complaining about that's a good thing because I've only spent about an hour a day working on the store they do everything else the second reason that the store didn't grow as much in January is because I spent a lot of time working on eBay dropshipping tightens my course which goes through everything that I know about eBay dropshipping everything that helped me build this business that now makes me eighteen thousand dollars a month in profit so that's again not something I'm

complaining about that's a good thing I'm really glad I got the course out it's been helping a lot of people out they really enjoy it so that of course is not a bad thing really the third thing is what really cut into my profit a lot and that was that I tried a new source in January I tried using Bed Bath and Beyond I've been using them in December a little bit testing them they worked really great so I went all in January listed a ton of their products sold a lot of their products and then at some point I realized that they had been canceling my sales for two weeks not even telling me about it so I had two weeks of sales that had to cancel I tried everything to place the orders but Bed Bath & Beyond somehow flagged my account flagged my IP address every time I tried to buy something the order was canceled so I had a lot of canceled sales a lot of negative feedback that took a lot of work to get moved and the worst part is that I now have over two thousand dollars in Bed Bath & Beyond gift cards that are just sitting on my computer and I don't know what to do with them so if I did not have those gift cards if I had actually been refunded the two thousand dollars onto a credit card instead then we would have surpassed twenty thousand dollars in profit but because I'm sitting on those two thousand dollars worth of gift cards we didn't quite reach it but hopefully next month we will get over the twenty thousand dollar mark cross our fingers hope that happens but if you guys want to make sure that you see that video because I will be doing income report for February make sure to subscribe to the channel if you guys like this video if you think it motivated you somehow or inspired you please give it a thumbs up it really helps and if you guys have any questions about eBay dropshipping leave them in the comments below I answer them during my live Q& A each Tuesday night at 8 p. m. right here on this channel if you want to make sure you don't miss that make sure to hit the little bell underneath this video after you subscribe and it will give you an alert on your phone as soon as we go live so that you don't mix it now this Tuesday we will be doing our regular Q& A but the week after that on February 13th we will actually be giving away as part of a contest to free entries to my course so if you want to figure out how you can be entered to win that click the first link in the description below that's going to tell you everything you need to know about how to make sure that you're entered to win both of these free entries to the course again this is my eBay dropshipping Titans course the one that goes through everything that I know about eBay dropshipping everything that I've done to build this store that now earns me $18,000 in one month so thanks guys for watching and I'll see you in the next video you