March also wasn’t a super great month. I did focus more on laying the foundation and not so much on immediate results, which resulted in more expenses and no income now.
That should pay off later, however. I also let some of the outsourced workers go in an attempt to more efficiently spend money.
February wasn’t the best month ever. With the move happening the first week, that occupied most of my time. All online sales were basically stopped so I wouldn’t have to deal with shipping while moving.
Moving into the new apartment wasn’t without issues. The big issue was the internet. While I get free community wifi service, it doesn’t work for any wired device or 2.4ghz wireless clients.
So my main desktop computer couldn’t get online, but at least my client-provided work laptops could.
The goal was to get wired access to Spectrum Community Service along with support for smart outlets which weren’t connecting to the apartment community wifi.
This month was a bit of a weird one. I didn’t do much with online sales other than what was left over from last month. I did list some random stuff I didn’t want anymore. I move in February, so getting rid of stuff is more about the move and less about money.
The primary goal of this month was to sell sites. I would like for this to take over client work, but I know things will start slow. I have been doing client work since 2012.
December wasn’t like the other months. Client work still lead the way, but there was more online selling and an attempt to sell some sites. That increased revenue from the online sales, but also increased expenses from the cost of ads.
Arguably, December was worse than other months in the sense that online sales and ads were actually expensive. However, I am hoping it lays the groundwork to increase revenue in the future without having to rely solely on client work.
Looking to do some selling on eBay and Amazon, I pulled the trigger on a wholesale order. But now, I am kind of regretting it. There were a few pitfalls I clearly ran into, but I was rushed to get an order placed in order for it be delivered in time to capitalize on holiday shopping.
So far, everything has been terrible, though. Just getting 400 pounds of stuff delivered to my apartment wasn’t fun. To make things worse, the boxes were really beat up when they got here, and the retail boxes of the items inside also weren’t in the greatest condition.
Client work income was steady, but there wasn’t much else happening. Even loading up more clients or other projects into the pipeline wasn’t really happening this month. I really need to work on something else, especially if I am paying seller fees now.
Selling more is definitely on the list of things to accomplish. With the Fulfillment By Amazon items being sold quickly and being super easy to manage, I would like to scale that up. This is the perfect time of year to do that, even with the higher fees Amazon charges. I would also like to capitalize on the Amazon affiliate websites, and try to get those sold.
I like the websites as a more longer term plan since I control inventory, and can scale up and down as I need money. However, it takes longer to get established and build a customers list to have available when I want to scale up. Selling other products is quicker, but using another company’s products makes me vulnerable to that company. If they won’t let me sell on Amazon or even the internet, there’s nothing I can really do about it.
After talking to the only person who reads any of these posts, it came up that eBay was once a primary source of revenue for me, but not now. What caused eBay to go downhill? Was it from Amazon’s competition? More than likely, it was me.
A couple years ago, eBay was bringing in the most money consistently. However, I was more active in selling than I am now. Over the months, I slowly stopped selling online. One site that was doing well that was also listing on eBay was bitcoin related, which eBay then frowned upon and removed the listings…then I started giving up.
I need to get serious when it comes to selling websites. It’s really the only thing I have started, isn’t dependent on actual clients and contracts, and can, at least partially, be automated to sell without my direct involvement constantly.
I am working on some marketing plans to help sell the websites and think it’s time I finally pull the trigger. The key will be to do it consistently, tweaking as I go. But to start things off, I have to do something.
This month saw more client work, Fulfillment by Amazon started, and an eBay store opened, but it still wasn’t the big bump in revenue I was hoping for. Amazon and eBay sales really amounted to very little. I had 1 sale from eBay and 2 from Amazon. The eBay sale actually came before the store was opened.
Combined with the store fees, selling fees were greater than the amount I received, making the sales actually a loss. I am really trying for 4 figure sales in a month, and not 2 figure sales. Without bumping up sales volume, selling online is basically pointless. The only other way to increase online revenue is to sell higher-priced items.