How much can you make from eBay Dropshipping?

what's up fellow dropshippers I'm excited to bring you our November 2017 income report for our eBay dropshipping store because this month we managed to set another record we just keep setting new records each month you made a lot of money in profit we're really excited by where the store has been going and I want to show you everything that's been going on so I'll show you our bookkeeping software we use which is GoDaddy bookkeeping we love this software we use this one because it's the only one we found that integrates seamlessly with PayPal and eBay anytime there's a sale I guess reflected in GoDaddy in a few minutes and it also reflects the paypal fees and the eBay fees within minutes right here on the bookkeeping software obviously it also integrates with our banks and our credit cards those take about three days to show up but they do always show up after those three days as long as your bank's website is working the unfortunate thing that's happened to us is that one of our banks Wells Fargo we use a credit card with them and none of the transactions for our credit card are showing up on the GoDaddy I'm sorry on the Wells Fargo website and because they're not showing up on the Wells Fargo website our GoDaddy bookkeeping account so the numbers in are going to be artificially high because they're not taking into account some of the charges we put on that one credit card so let me show you

a little bit of GoDaddy if you look here at the top there's a bunch of tabs you can check out the income expenses we like to click on where it says reports and if you click on that it will show you month by month all your income and expenses the green bars are your income the orange are your expenses I prefer to click on that where it says table I click there and it'll show you a breakdown month by month so if you look in November it will that our total income was 121 thousand dollars and that includes seven hundred and forty dollars in cash back two hundred twenty dollars from returning stuff to Home Depot that Home Depot paid us five thousand almost six thousand dollars that we had to pay back to buyers who returned items we made one hundred and twenty five thousand dollars in sales and then their sales tax which is not included because that's money that we have to pay to the state that's not our money then it will show

you your expenses the VA fees the cost of goods sold that's how much we paid Home Depot or Walmart or whatever other source you use that's some money that you pay them to fulfill the orders then obviously you have eBay fees which were eleven thousand dollars and some other expenses the most those actually are mostly VA fees I just have to reek at agura's them see GoDaddy gets most things pretty accurate in terms of categorizing things you do have to go in and kind of teach it and then it learns and it does it automatically but you do have to keep up and maybe a couple of times a month just go in and teach it where different expenses or incomes go to then make sure it's accurate our paypal fees were fifty four hundred so our total income according to GoDaddy was twenty two thousand seven hundred and sixty dollars but that's not accurate as I say before there's actually two reasons why the first is because of the credit card problem and the second is because at the end of every day I buy about $5,000 worth of Home Depot gift cards that we will then use for tomorrow's orders these are orders that don't technically exist yet but we anticipate that they will exist because just based on our selling history so at the end of every night we have about five thousand dollars in gift cards which is reflected here in the expenses even though we didn't spend them yet so we have to add that back in as well as we have to subtract all the money that was on that one credit card that's not showing up and GoDaddy because the Wells Fargo website is broken so I did that here in this spreadsheet so this is the twenty two thousand seven hundred sixty dollars that go daddy says we made then I had

add in all the gift cards that we had and these I this information I got at the end of the month I wrote down all the amounts on all the gift cards and put them here so that I could remember so after adding all the gift cards the total is $28,000 then I had to subtract how much we spent on that one credit card but we couldn't see the transactions so we kind of estimated by taking how much money we paid off on the credit card during the month so we paid off seven thousand dollars in the beginning of the month and three thousand dollars in the middle of the month and twenty five hundred dollars at the end of the month and that's the best we can do right now it's not very accurate because the first payment we made of seven thousand dollars paid off some charges that we put on the card in October so those are expenses that should have been in October not in November and at the end of the month we paid off twenty five hundred dollars but if I remember correctly we purposely overpaid it so that we wouldn't have to make another payment so soon so this is not entirely accurate but this is the final number we came up with and I think this is actually a little low but we'll go with this number it's fifteen thousand five hundred dollars which is amazing because just eleven months ago I never even made a single dollar online and I didn't even think this was possible and I saw people on YouTube and on blogs who said they make it made a few thousand dollars a month and I thought they were like somebody special like somebody amazing but here I am we're making fifteen thousand dollars a month in profit and I'm telling you guys there's nothing special about us or just regular guys we're not doing anything special you guys who are just starting out or who are struggling I'm telling you can do this too it might not seem like it but you'll figure it out if you work hard enough if you work smart and you can do this there's nothing special that's needed besides hard work so that's my little

pep talk for this week I'd also wanted to show you guys the our eBay store just so that we can prove to you that these were our sales for the month you see the total sales were 122 thousand dollars we had some really good days in November especially towards the end near Black Friday or I'm cyber monday we hit our personal record of 66 hundred dollars and it's only been getting better since then you look at GoDaddy for December we're already doing really well this by the way if anyone's interested in the software I'll put a link to it in the description below I think it's only like 10 bucks a month it's really worth it because this is so much easier than doing it by hand I highly recommend you get this software again for 10 bucks a month you might as well it's really easy so this is GoDaddy and like I said this month in December we're already doing really well we're having every few days we're setting a new record we're just hitting new highs and that's thanks obviously to the shopping season for Christmas and if you guys want to

see our December income report in January make sure to subscribe to our channel so that you don't miss it I think we're on track to break $20,000 in profit so I really hope we can do that stay tuned for that if you like this video make sure to give it a thumbs up and if you have any questions about how we manage to get from 0 to 15 K a month leave them in the description below or the description of any of our videos we have got lots of videos go check them all out well answer your video we'll answer your question in our next Q& A video which will be this Tuesday at 8 p. m. live here on our YouTube channel so make sure to subscribe so that you don't miss that and we'll be sure to answer them so make sure to ask them and we will see you guys in the next video