Interesting overview of my last 6 months of business related stuff. Prob a long thread:
Last year I smashed profit records from previous years. Previous high was 300K net and I rolled into Oct 2020 with more than 1.6M net profit. Top listing on Amazon went down in Oct....
It was a mistake on Amazon's part but cost me about 20K in profit while down. Many of our containers got delayed last year so we ended up with 16 arriving the week of Christmas so I had to rent an extra WH down the street. I ended up getting 2 containers turned away at port...
for an issue (50K product cost, 15K shipping, 20K in storage at US port, 15K shipping back to China). This situation sucked ass and still not solved but I didn't lose a ton of sleep over it. Dec ended up being our most profitable month ever....more than 350K net. We...
started January off hot as hell the first 2 weeks and sales kinda tanked from there. I hired 7 new people in Dec and Jan to try to grow fast. Our January net profit was our 2nd best month ever and over 300K. That WH down the street I was renting? The moved their biz and...
told us we had to get our shit out so we dealt with that. I also spent a TON of time paying 9-10K per container to get them out of China before CNY and we did that. Even though costs are up and sales are down, we still had a good outlook. Yesterday Amazon pulled our best....
seller again - this time because a customer claimed they had an allergic reaction (we have sold 300k+ units of this item over the years and this does not happen). After Amazon pulled this listing, Walmart also pulled it which is interesting. As of today we are getting the...
product tested by an ISO accredited facility so Amazon will allow the listing to go back up - best case scenario is it goes back up in 14 days or so. Just thought you guys would be interested in some of the ups and downs and all the shit that happens - I made a ton of money...
no need to feel bad for me (lol). I think the stuff above is just interesting and damn near every growing business is going to have to deal with a lot of moving parts at once - I just listed some big events, there are all kinds of small fires to put out every day. Every time...
you hear about a company CEO or owner taking a sabbatical or selling their shit and living in some cabin in the mountains, it's because they just want a break. The ppl that deal with these fires best are the ones that succeed - this shit will toughen you up for sure.
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