Our business has changed so much that our focus is no longer on furniture. We still sell furniture and do well with it, but the majority of our business now comes from smaller webbyapp review we are able to source and send into Amazon. More to the point of this book, our first private label opportunity came around in Spring of 2013.
It's amazing to me, but we now consistently sell between $10,000 and $12,000 per month on our first private label product and our second one now does about $2000 - $3000 per month in sales. The important number, however, is our profit on this. After we account for Amazon fees, ads, and the cost of webbyapp review we're left with about $3000-$4000 profit depending on the month.
I don't know about you, but this is more than I used to make in my regular job and this is only from two products. Please know that I'm not sharing this to gloat. Far from that. I have no problem giving glory to where glory is due. The Lord knew what we needed, when we needed it, and opened doors for us and brought opportunities across our path at the right time.
I share this with you so that you can get excited about the opportunities and income that private label can bring to your business. It would be my sincerest pleasure if through this book I can help you source and sell your own private label products. If you already know the answer to this question feel free to jump to the next webbyapp review.
With all of the courses coming out about private label, this is a hot topic nowadays. You might already understand this concept, but for those that don't I'll explain it. My “Easy Way” definition of private label is having your own brand of an item. I'm originally from Indiana and in the county where I grew up there is a company called Red Gold that you have probably heard of.
They have a line of products that includes ketchup, salsa, canned tomatoes, etc.