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here you go (I don't think even Mitt Romney did this much disclosure not to mention Obama and his birth certificate... ).
2010 Our Tax Return (around 8k of this came from selling anything of value in my previous business).
What we made wasn't even enough to cover rent, let alone provide for 4 children and a wife. We were on the FLOOR yet again.
( http://goo.gl/f00hXF )
2011 income from amazon.com ONLY (not including my websites and other sales channels that are a direct result of selling on amazon)
2012 income from amazon.com ONLY (not including my websites and other sales channels that are a direct result of selling on amazon)
2013 income from amazon.com ONLY (not including my websites and other sales channels that are a direct result of selling on amazon)
2014 income from amazon.com ONLY (not including my websites and other sales channels that are a direct result of selling on amazon)
Income has gone down this year due directly to my not following the models I teach - something I have since repented of...
Matchmaker wrote:I'm interested in learning more, BoM. Not sure I can take a plunge right now, but I'm interested in hearing more, if you don't mind.
light-one wrote:It is no secret that "sales" is the best occupation in a capitalists society.
The democrats have tried their best to destroy capitalism with such Satanic practices as minimum wage laws, labor unions, licenses, mandatory insurance for employees, etc.
In truth, we are ALL self employed. Some sell their time to someone else to profit on.
When tshtf, the bulk of the global economy will be sole proprietorships. Even when Fed Reserve Notes are worthless, sales and barter will still be how people provide for their needs.
If you have the product(s) that are in demand, you will be a very happy camper.
And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more:
light-one wrote:In 2008 I was selling items for a good price and receiving a good profit margin. When the economy tanked, it seemed as though hundreds of thousands of people felt that they could get rich by selling on eBay. Soon, many vendors were offering the same products as me, but at a far lower price. After a couple years, these inexperienced vendors that did not understand the actual costs associated with sales, such as tape, shipping containers, postage, returns, electricity, bandwidth, etc., were actually selling their items below cost just to get their money back. eBay began selling product sources to new sellers in order for them to compete with the seasoned vendors. Although there are still many people that pay far too much for their products. Many times the sources that eBay sells are not actually very good sources. The hardest people to compete with are the people that get their inventory for free. I sold automatic gate openers for a while and was a top tier buyer. Dealers had to purchase $10,000 at a time to get my price. However, there was a fellow selling below my cost and so I asked the company what the deal was. They looked into it and found that he worked at Home Depot and stole the product out the back door. No customers ever complained about him as they received a brand new product in the box with a valid warranty.
eBay and Amazon allow you a potential customer list that would cost tens or hundreds of thousands of dollars to get that amount of traffic on your personal web site. Even with a full time search engine optimizer, a full time web designer and maintainer, and paid search, eBay and Amazon are still less expensive, even with their fees.
I made more money before 2008 than after. If you have a new hot product that sells fast with a good margin, Amazon will compete directly with you and offer far less customer service at a lower price. Amazon does not adhere to the level of service required of their sellers.
Selling online has a great potential, but is hardly a get rich quick scheme. Just ask the sellers that try to sell stuff that they do not have by using drop shippers. If their source sells out or ships late, the seller gets banned from selling.
Mark wrote:Don't worry about the "shadow" complainers of this world mate. No substance to them. They are always looking at the half empty glass. Just flash those tax docs again if they show up and that will shut them right down. Besides this aint no MLM networking scheme looking to recruit LDSFF people so the top dog(s) can buy another Ferrari or a mansion on the mountainside right? Although.. I can see some MLM possibilities here for the entrepreneurial mind. Utahans would be all over it. Best not close that suggestion down just yet. Somebody's gonna eventually do it so why not you?
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