Anyone taking home 100k plus month?

[user3657]

Profit/income? This is my goal. I know it's attainable. 1+million a year...I'm a far cry from it though...

[degsey69]

That’s a hard thing to do today with a stealth account and their owners will be the main readers of this thread. Plenty of large companies or corporates will do that with ease.

Good luck there will be some out there, hope you are one as well.

[rsot]

Best of luck OP - skies the limit...but likely spread over accounts

[agent006140]

IS taking home $100k,gross profit or sales proceeds?
Some Ebay sellers gross $1 million and finally filed for bankruptcy

[Apexpursuit]

Originally Posted by user3657

Profit/income? This is my goal. I know it's attainable. 1+million a year...I'm a far cry from it though...

100k per month profit? Depends on what you are doing.

[SaiJin]

Originally Posted by user3657

Profit/income? This is my goal. I know it's attainable. 1+million a year...I'm a far cry from it though...

you can do it. Go for it and we'll cheer you on

[Phd]

Done over 1M Gross for many years, spread over a few accounts, in different countries.

Not an easy thing to do, but it is attainable.

Best of luck with your goal!

PhD

[Futuremogul888]

Totally doable. You will need a warehouse and employees at some point. Like everything else worthwhile, it just takes hard work.

Never stop scaling and innovating. Take smart, calculated risks. If you put in the effort and make the right moves, you will get there.

[Hank]

I've toyed with the idea of 'going for it' but decided the rewards did not meet the time and effort required. It becomes an issue of diminishing returns.

At the moment I live, what I consider, to be a very comfortable life. I do not want to employ staff, manage payrolls, deal with their issues etc etc etc.

I decided that I'll let Amazon do that, hence why the bulk of my income is via FBA.

Each to their own but, as an example I would rather earn $150,000 for a 10 hour week that $1,0000,000 for an 80 hour week. Okay, it's not as simple as that but I want holidays not board meetings.

With FBA I can literally do a single 40 hour week in February and then hardly lift a finger until June. Even if a product sells out I simply say 'it can wait' so I work in meaningful chunks of time rather than bits and peices which mess up my free time. And that's what I want - time. I ain't bothered about money if I can't find the time to spend it.

[BigLad]

Since 2007 I worked an average of 2-3 hours a day with Ebay and Amazon. I lived in cheap countries where I lived like a boss. Business is down now though so i'm putting in extra hours to get it back up again.

[amzrocket]

You can do a million gross on an amazon account no problem. However, the tax information you put in better be your own. Lying/giving ⊗⊗⊗⊗ documents to amazon is one thing, having million dollar+ 1099s falsely issued with someone else's information on them is some pretty serious tax fraud. If it's a small amount, the real SSN/EIN's owner obviously doesn't know about it and won't report it, and the IRS might ignore the discrepancy because it's a small amount, but if it's a large amount the IRS will for sure send the real owner a correspondence audit at the minimum and maybe an assessment, and when the real owner tells them they never gave their information to Amazon there's going to be a big problem.

[Futuremogul888]

I understand the work/life argument. There is no point in working your life away, or making money if you have no time to enjoy it. To be honest at some point, while scaling your business, you will be putting in 80 hours a week. But as you put the right employees, systems, and procedures in place you can scale down your hours while making more and more money.

I put in 20 hours a week max and my business continues to scale. I keep hiring more people who are all making good money with full benefits and I continue to make even more money. That should be the goal: less time, more money, and more high-paying job creation.

[henryfalmore]

wow part of me is happy for you all. part of me is slightly jealous which leads to frustration. people make it sound so easy. maybe you all are selling rolex's and audemars or a bunch of air jordans but most of us (or at least me) don't, so how are people making so much money it baffles my mind. anyways keep up the great work everyone.

[amzrocket]

Originally Posted by Futuremogul888

I understand the work/life argument. There is no point in working your life away, or making money if you have no time to enjoy it. To be honest at some point, while scaling your business, you will be putting in 80 hours a week. But as you put the right employees, systems, and procedures in place you can scale down your hours while making more and more money.

I put in 20 hours a week max and my business continues to scale. I keep hiring more people who are all making good money with full benefits and I continue to make even more money. That should be the goal: less time, more money, and more high-paying job creation.

Putting 80 hour weeks in isn't necessarily true for everybody. The less work you put in the slower you will scale up though, obviously, and depending on your business model may not work out. If you take loans out for your business, or it's your only source of income, then it'll be a lot more stressful.