April Recap – First FBA Success, Second Phase

Part 1 of 2: First Success

January and March were full of planning. I built this blog, ordered my first round of samples, and learned about the FBA process from start to finish. April was a month of action. My first round of products arrived at Amazon's warehouses, I started tracking inventory, and made my first sales on FBA! Although I had a decent stream of revenue, my profit was less than expected due to incorrect assumptions in my calculations. Nevertheless, my first sales validated the plausibility of my idea. For that, I'm calling it a "success"!

Some quick info:

 

  • 74%

    Inventory Sold

  • 85%

    Actual Revenue vs Projection

  • 16%

    Class Completion

  • My product was live on FBA for two 24-hour periods. I sold the same amount (37% of my total original inventory) during each period. 
  • Unfortunately, the gap between my calculated and actual revenues is what caused me to miss my profit goal 
  • I'm taking business-related classes throughout this year-long project (since April 1st)

 

 

Part 2 of 2: Second Phase

FBA product bundles alibaba

As my understanding of the FBA and sourcing processes increase, so too does my willingness to tackle harder tasks. In essence, I've broken down my tasks into a list of 6 phases

 

 

Thanks for keeping up with the latest developments!

 

Follow the story on:
Posted in Business/FBA, Monthly Updates.

Leave a Reply