Re: is it possible? £$$£
Within 1 year you could be there yourself, it just takes a lot of determination and a little luck. When I was doing this by myself I was hitting the low side of the goal you mentioned every month. Now that I have 2 people helping with shipping we profit 3-4x more than that monthly.
I pay $0 for warehouse costs because our inventory is stored in my home office and garage. We only keep about 70 unique products in stock. FWIW, some of the products are our own brand and some are not. Biggest expense by far is inventory, followed by postage, followed by EB/PP fees, and then labor.
Hiring the 2nd employee has actually saved me money. It takes 2 helpers 1/3 the time to package a day's orders, so the amount of labor hours I'm paying for has decreased since expanding to 2 paid employees. Plus I'm now able to get all orders shipped out the same day, which customers love.
Not boasting, just trying to explain how it's possible.
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