Hope everyone’s New Year is off to a good start! Today’s post will be a recap of 2013 and I will be sharing some of my goals related to this business for 2014.
Without too much doubt, I can say that the highlight of my 2013 was making the decision to step away from my job to pursue my dream of making a living being completely self employed. September 20th, 2013 was my last day employed, and in case you missed the post explaining my reasoning at the time, HERE it is again. I didn’t share this in the initial post, but I almost quit my job about 9 months prior to when I did. It was early January 2013 and I was quite hesitant about having to work another “busy season” at the accounting firm I was working at. I was in the office of one of the more senior partners of the accounting firm, with my manager, and 2 HR employees discussing whether I would terminate that day, or stay on and continue working at the firm. I had indicated that I was looking for less hours (busy season lasted from January through mid-April and the expectation was you would work at least 55 hours per week, and coming into the office on Saturday was required) or an increase in pay or I would be putting in my resignation. I only had 1 year of experience at the time, so not too surprisingly they were not willing to adjust my compensation package. They did however provide some reasons why it would be a bad career move to leave at that point, and some of the benefits I would gain by obtaining more experience. They created enough doubt in my mind that day for me to commit to stay with the firm, and I wimped out on my plan to either quit or have my hours adjusted.
It probably worked out well that I ended up working almost an extra 9 months, as it put me in a better position financially. However, I do believe I would have enjoyed these 9 months quite a bit more if I had actually pulled the trigger on my plan to quit in January and jumped into online selling right away. My point with this narrative is that you know what you want to do with your time and your life. Make sure that you are pursuing these things and not just letting life pass you by. I have posted this quote by Steve Jobs before, but I really feel that this a valuable quote to think about:
“I have looked in the mirror every morning and asked myself: “If today were the last day of my life, would I want to do what I am about to do today?” And whenever the answer has been “No” for too many days in a row, I know I need to change something.”
Think about it.
As for the recap of 2013. I will be posting 2 screenshots from my amazon account to show my sales for the year on this account. I was previously using the account related to my textbooks business, and created this one to separate the activities. My first sale on this account was on June 21, 2013 and here are my sales for 2013 (click to enlarge):
As you can see, the sales didn’t really start rolling in until November. My biggest sales day in terms of total sales dollars was December 9th with 59 units for $2,637.16. Here is another screenshot that shows my sales by category for 2013 (click to enlarge):
As you can see I dabbled in many different categories, but toys and groceries were the categories I had the most success with.
The results I have seen from 2013 have surprised me, and I am very excited about them. The great part is that I have so much to learn and have just barely scratched the surface of so many of these categories. I am excited for what the future holds and putting some of the knowledge and experience I am gaining to use, particularly Q4 of 2014. I wasn’t able to find as comprehensive of reports on ebay, and most of my sales and profits came from amazon, so I will not be including any ebay screenshots or commentary in this post.
Here are my goals for 2014 related to online selling:
- Exceed $100,000 in profits for the year with at least 90% of these profits coming from amazon FBA
- Separate my home and work by moving all work related items into a warehouse/workspace
- Hire at least one employee
- Take a “sourcing road trip” during the year covering at least 2,000 miles. By this I mean going to different locations throughout the US and buying items to resell and shipping them into amazon along the way. The focus of the trip would be on finding inventory, but would include stops for fun and entertainment as well.
- Share what I learn along the way by posting a minimum of 2 blog posts per week on this blog
These are the highlights of what I hope to accomplish through online selling in 2014. By posting them here, I believe this will help to hold me accountable, and provide some targets to strive for. What are your goals for the upcoming year? Please share in the comments! or if you would like, send them to me via email (firstname.lastname@example.org) and I will post them at the beginning of my next blog post. Having your goals published could be a great way to hold yourself accountable!
Thanks for reading, and let’s make 2014 our best year yet!