September 2017 Update + Income Report

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After having a pretty awesome August with my eBay business, I had high hopes for what September would bring. When I finally sat down to calculate everything out, I realized that we hit a record high again this month!

In September, I was also able to participate in another eBay Dropshipping meeting hosted by eDropshipEmpire as well as attend the Life is Beautiful festival in Las Vegas for the first time.

Read on and check out this month’s update!

September Update

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September 15th – eBay Dropshipping Meet Up hosted by eDropshipEmpire.com – Courtyard by Marriott, Irvine

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Another successful meetup for the eDropshipEmpire crew in the books. 🙂

For one evening, I got to share some knowledge and learn with my fellow colleagues about the current state of dropshipping and what has and hasn’t been working for all of us. Approximately 50 dropshippers showed up to the meet-up and a few even attended the special training done the following day. It was such an absolute pleasure meeting everyone! I just wish I had taken some actual photos instead of just sharing stuff on Instagram but I was so preoccupied with meeting people and learning about their stories.

Until the next meet up!

September 22nd – 24th – Life is Beautiful Music Festival – Downtown, Las Vegas

After driving in early in the AM on day 1 of the event, I decided to crash and prepare for the following weekend ahead.

Our first stop after getting some rest was Momofuku at the Cosmo for a delicious lunch. It was my first time coming here after hearing rave reviews about it on social media.

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Momofuku and Milk Bar at the Cosmopolitan!

Our group was big enough to go “family style” with our order so we ordered multiple items to share between ourselves. Best decision ever!

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Just a few of the dishes we ordered at Momofuku… Yum!

After finishing up lunch, we went back to our hotel to prepare for the evening ahead.

Upon entering the festival, you are greeted by tons of street art everywhere you walk!

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One of my favorite art pieces over the weekend!

They even had an “Art Motel” where you could walk inside and explore different themed rooms by the art collective, Meow Wolf, based out of Sante Fe, New Mexico.

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Just one of the many rooms at the Art Motel by the Meow Wolf artist collective. Very Willy Wonka-esque, don’t you think?

Life is Beautiful was definitely an experience for the books. The production and sound at each stage was on point and the layout was extremely easy to navigate. Ins and outs were spectacular by festival standards and everyone was in a good mood. I’m definitely looking forward to attending again next year.

Now enough about the updates, let’s move on to the income report!

Income Report

Income from eBay

Last month, we hit a record high in profits. This month, we managed to beat our previous sales numbers by $4,594.07.

Comparing September 2015’s numbers to September 2017, we have also seen a 285.2% increase. What a difference a few years can make!

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For a long period of time in this business, I felt depressed deep down and was unable to progress or grow. Because of this, I actually “gave up” trying to grow the business and just kind of let it automate itself. It wasn’t until I changed my mindset, took the reigns back, and started putting in the proper time to run this business that I got to see results again.

This isn’t a get rich quick scheme. It’s an actual legitimate business that requires hours of care and dedication to grow and function properly, and I needed to remind myself of that.

 

Feedback from eBay

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Feedback has increased a total of 72 points since last month. I attribute this entirely to the 3x increased number of transactions these past few months. More satisfied customers means more potential chances for feedback!

Total September Sales: $16,993.33

Total eBay Profit: $2,843.50 (+$895 in pending discounts, $3,738.50)

If you’d like to learn more about how you can start your own dropshipping business with a comprehensive A to Z guide, be sure to check out David Vu’s Udemy Course on eBay Drop Shipping with No Inventory.

If you’re looking for additional assistance outside of the course, some of my amazing business partners and myself also provide additional eBay store analysis and consultation services which you can learn more about at eDropshipEmpire.com.

Income from Cashback

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Make sure to check out CashBackMonitor.com to find out which website to use before you make your next purchase, but always make sure to check yourself as results aren’t always 100% accurate.

TopCashBack – $64.37

Ebates  $0.00

GivingAssistant  $327.84

Total Cashback Profit: $392.21

If you haven’t started using free cashback yet, be sure to check out my article on how I made $2000 shopping online.

You can even stack them with Credit Card Bonuses like I do to earn miles / points. Check it out! Just in September alone, I earned almost 10,000 travel points on my Chase Sapphire Reserve card just from dropshipping and dining! At this rate, I’ll earn a free one-way international flight every 3-4 months! Apply for the card and check out additional details here.

Other / Misc. Affiliate Income

Gift card profits continue to grow in direct correlation to my eBay business growth.

Affiliate income continues to come in on it’s own through a combination of Udemy course sign ups, Amazon affiliate income, and other things that I have set up throughout the website.

Gift Card Profit: $367.68

Misc. Affiliate Profit: $8.00

Total Other / Misc. Affiliate Profit: $375.68

As a dropshipper, one of the places I recommend as a back-up source in case you’re out of stock is Amazon. Being able to ship an item out to yourself or your customer with free unlimited 2-day shipping can make a huge difference in your life and your business. If you’re a gamer like me, you even get Twitch Prime for commercial free viewing along with bonus goodies and free subscription to any Twitch.TV channel every month!

Try Amazon Prime 30-Day Free Trial

Shop Amazon – Give the Gift of Amazon Prime

Income Breakdown

 

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*increase of $325.52 from last month

Monthly Goals

Listing and Profit Goals

Here are the goals that we set last month:

GOAL #1 – 9,000 LISTINGS – We hit 9,587 LISTINGS!

GOAL #2 – $3,500 PROFIT – We hit $3,611.39 PROFIT!

As you can probably tell from this month’s report, I have 2 possible outcomes for total profits this month due to having $895 in unclaimed credit that I am still working on acquiring however this did not stop me from hitting my goal I set for the month.

The next goal is to hit 10,000 listings and $4,000 profit in October.

Next month will be a bit more challenging if we continue using this exact same strategy so it’s time to make some minor adjustments going forward and adapt.

Let’s see how things pan out…

October Events

No major plans or big events this month! Just gonna grind out some work. 🙂

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That’s all for now. As always, thanks for reading. See you next month!

Images provided by my Life is Beautiful friends 🙂

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