Income Report For May 2018 (Bizathon6 Episode20)

At some point each month we cover our income report for the previous month. 

Today we’re covering our May, 2018 Income Report.

If you’re familiar with Flying Start Online, you know we’ve been focused on Shopify Dropshipping.

And this income report is reflective of just that.

It’s the real-time, unfiltered report from our main store – CommonPanda.

Enjoy the video as Rito covers profits and losses for May – our best month so far:

Rito has many digital assets ranging from Software to Membership Websites.

But these reports will focus solely on our CommonPanda Shopify Store.

The best part is, you watched us build this store from scratch.

If you’re new around here, This Is How We Did It.

Revenue

May 2018 Income Report Total Revenue

The total revenue generated, including refunds and chargebacks for May…

$37,501.09

We didn’t have any chargebacks this month, and only issued a handful of refunds.

This number ($37,501.09) represents the Gross revenue generated.

From May 1 – May 31, we processed 1,162 orders.

Fulfillment Costs

For the sake of this video, we’ll assume the fulfillment costs were 33% or 1/3 of our generated revenue.

So fulfillment costs from May 1 to May 31 were…

$12,500.36

Our fulfillment costs range from 25%-35% of our asking prices.

Total Ad Spend

May 2018 Income Report Total Ad Spend.png

From May 1 to May 31 we spent a total of…

$11,186.51

And finally…

May 2018 Net Profit

$13,814.22

Facebook Ads CPM, CPC and overall ROAS are all affected by the end of the Q1 Spending Spree.

The final three weeks of every business quarter, see higher ad spends by companies of all sizes, in all industries. 

Many need to deplete their marketing budget for the quarter to receive the same amount if not more for the next quarter. 

While we also have some auxiliary monthly expenses such as a Virtual Assistant and Customer Service Representative, they don’t cost much or significantly impact our net profits.

If you’d like to build your own successful Shopify store, check out our 6-Step Shopify Webinar.

We’ve removed all the risk for you, so don’t procrastinate.

Get started today.

That’ll do it for Episode 20 – Great work!

Questions, comments or just want to say hi?

We love hearing from you in the comments below!

Success by choice, not by chance,

-David Aston

P.S.

If you’re not kept in the loop via our #Bizathon definitely sign up today.

FREE CASE STUDY

How I Acquired 2,067 Leads In 15 Days Using The L.I.F.T. Method!

WATCH THE FREE CASE STUDY

Leave a Reply

Thanks For Reading! Please Share...

close-link
close-link
FREE CASE STUDY

How I Acquired 2,067 Leads In 15 Days Using The L.I.F.T. Method!

WATCH THE FREE CASE STUDY
close-link