Monday, February 05, 2007

Payments for January 2007

January is the big holiday month here in Australia, and we had a very enjoyable, lazy, relaxing month, we still managed to make the occasional sale on eBay as well.

eBay $94.21
Total $94.21

Yearly Total $94.21

Sooooooo close to $100 profit for the month, but the eBay fees pushed us back further than I'd planned. Still, that's not a bad profit for $284 in sales.

Our margins are still good because we've got a reasonably popular product and no real competition. But we're still pretty much a one-trick pony. All the eggs in one basket. And that ain't good.

When we unexpectedly ran out of stock on one item and found out our overseas supplier was also out of stock until a manufacturing problem was sorted out, our vulnerability became extremely obvious. We're looking to expand our product range so we can reduce that vulnerability.