My Top Eight Ways to Wisely Use Your Q4 Income

As I’ve stated before, the fourth quarter selling season on Amazon almost always brings your highest income possibilities of the year. Most Amazon sellers find that their sales sometimes multiply ten-fold from what they’re used to during the other three quarters. How you handle your increased profits can possibly help propel you into even more profits in the year to come. Here are some ideas:

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When buying a shrink-wrap machine, I recommend the 16 inch impulse sealer.

1.  Invest in time saving equipment – What are you doing now that can be done much faster with the help of some new equipment? Now is the time to research quality tools that can lessen your work load. Two years ago I purchased a 16 inch shrink-wrap machine and heat gun. Last year I purchased a box re-sizer and a newer laptop. Think about what tools can help you speed up your current work process. Could you be in the market for a Bar Code Scanner or Scan-Fob? Maybe you’d like to get a Dymo label printer. There are so many tools out there that help save time and money.

2. Invest in time saving programs – Maybe you’ve been listing your items directly on Amazon and are ready to save some time by signing up for ScanPower, Inventory Lab, Listee, or other listing tools. These programs help save a lot of time and help with many other areas of your business too (like repricing, financials, etc).

IMG_84833. Purchase more inventory – In the weeks leading up to Christmas, many stores start to put toys and other gift items on sale at really great prices. If you wait a little longer, right after Christmas, many stores start mega clearance sales. You’ll find sales in brick-and-mortar stores as well as online. If you don’t want to get out and source inventory in the cold weather, you can find many great sales at stores online. In store and online, there will probably be more items you can buy for resale than you have money for. Amazon sales in January are still really good as people have Christmas gift cards burning a hole in their pockets, so it’s wise to keep stocking up your inventory into the new year.

4. Purchase supplies in bulk – What items do you buy all year long? Packing tape, shipping boxes, labels, and printer ink are just a few of the items that I buy all year long. It would be wise to buy these items in bulk now (at much better prices per item) instead of spending more money to buy them later in smaller quantities.

debt-picture5. Pay off debt – As Dave Ramsey says, “Debt is not a wealth building tool.” If you have any debt, the wisest thing you can do is to pay it off as fast as you can. Imagine giving yourself a raise by doing the same amount of work you do now! When you are no longer paying debt interest fees, that’s money that you can use for your business. If you are in debt, I highly recommend Dave Ramsey’s Financial Peace University. For more information on getting out of debt, check out his book, The Total Money Makeover and his program, Financial Peace University.

6. Treat yourself – Sometimes we can be so focused on work that we forget ourselves. Getting too wrapped up in work can lead to burnout. If you can, give yourself a Christmas bonus and treat yourself to something fun.

7. Invest in Your Mind – Is there an Amazon FBA related book, course, or program that you have been interested in buying? This might be the best time to buy FBA training materials so that you can learn how to improve your current Amazon business. Right now, there are a lot of really great sales going on where you can get many of these products at significant discounts. Here are some resources that I highly recommend looking into today:

ABC Affiliate Logo 250x250Jessica Larrew is having a 50% off sale right now on all of her books and courses, including the very popular Amazon Boot Camp (an amazing course for those new to Amazon). Just use the promo code BF2014SS to get your discount. Click here to see everything that’s on sale.

8. Give generously – If you have yet to discover the joy of giving, I challenge you to try it this holiday season. There are so many worthy causes and organizations that need your financial help. Remember to find out if the money you are giving is tax deductible or not. If it is, be sure to keep receipts for your tax records.

Q4 GrowthSo what about you? How do you best use your Q4 income to help you and your business succeed? I’d love to hear your ideas, so leave a comment below.

13 Responses to My Top Eight Ways to Wisely Use Your Q4 Income

  1. Pingback: How to Handle FBA Returns & Minimize Loss | Full-Time FBA

  2. Pingback: 10 Things You Need to Know For A Profitable Q4 | Full-Time FBA

  3. What do you use your heat gun for?

    • I use the heat gun two ways. I use it on price stickers that don’t usually come off easily. The heat helps to make the price sticker come off much easier. I also use the heat gun for shrinking the plastic shrink wrap.

  4. My next purchase is going to be a dymo printer and the shrink wrap. I want a thermal printer that can do the fba barcodes as well as the address labels for merchant fulfilling and ebay.

  5. I am getting an LLC, business insurance and signing up for TaxJar. Not much fun but good for peace of mind!

    • Great plan, Jena… it might not be fun, but the peace of mind you’ll have will take a lot of stress away… and let you focus your energies on building your business.

  6. Great post, Stephen. I had a really great November. My best month yet since I started selling only seven months ago. I hit $1,787.71, which is light years ahead of any previous month.

    Amazon sales reports show that 79% of my November sales came from my own products. Building out my own product line is definitely the path I’m taking. It fits my personality and interests and seems to be where my profit is coming from.

    Thanks for all the great info you provide ~
    Ree

  7. Andrew Cassinelli

    Stephen, what shrink wrap and heat gun do you recommend?

  8. I struggle with investing in things that will make me more money vs save me time or make me more comfortable. For instance investing in a VA to help source is a direct way to make more money, but a zebra printer makes things more comfortable or reduces hassle, not sure that it makes money.

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