This is the first of my monthly Income Reports. The purpose of these reports is to show my progress. Also, it will help keep me accountable.
I spent the early part of August on holiday in Turkey. After overindulgence in Turkey, it took me a while to get back into the swing of things.
These reports are inspired by the Income Reports from some of my favorite blogs – I couldn’t believe how much money these guys were making. I found it really inspiring. So I hope to inspire others by doing the same.
Merch By Amazon
My main focus on my business is the Merch By Amazon program. This is a Print On Demand platform where you upload t-shirt designs to the Amazon platform. These t-shirts are available to buy. The moment a customer buys a t-shirt, Amazon will print the t-shirt and then ship it out to the customer. The reason why I love this is that you do not have to invest in stock.
August has been my best month so far on this platform. However, The only thing is that I won’t get paid for that until September. You have to wait 30 days before you get paid. Nevertheless, I will show my stats for August below.
The actual income I got from Merch By Amazon into my bank account for August is:
£189.83 / Approx. $146.42
I also made a single sale on Etsy. I have not really been focused on that. However, as we get closer to Christmas, I plan to upload more products onto the Etsy platform.
The income from Etsy is: £17.44 / Approx. $13.42
My main expenses are software I need to create the designs. The main software is Adobe Illustrator. Which is great for creating graphics. I have to pay a monthly fee for this.
Another key tool I use is Merch Informer. I love this tool. As it lets me spy on what is selling on the Merch By Amazon platform. This has been really key for me and helped me make many more sales on Merch By Amazon..
Everything gets paid to me in pounds as I live in the UK. I have listed the income in pounds and an approximate figure in US dollars.
Overall, this August has been my best month for Merch by Amazon. This income will not show up in my account until September.
Next month I am going to continue to focus on Merch by Amazon. However, I want to diversify, so I will be looking at trying out some different options.