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Income Report - February 2021

As we continue the Income Report look back, we move ahead to Feb. 2021.   I continued on with Etsy, driving traffic there with a unique business model based on something that I was very familiar with.  I decided that I needed to think outside the box to assure myself of early success.  From a revenue standpoint I did.  Hitting almost $900 in revenue in my first full month doing POD was pretty exciting.  

Things ran pretty smoothly with my #1 cost being the printing expense with my partner at the time which was Printful.  Printful is an on-demand printing and fulfillment company that helps you turn your ideas into brands and products. Whether you wish to create your own online brand or gift someone a personalized t-shirt, or integrate with online marketplaces, Printful can help. Whenever someone—you or your customer—makes a purchase, they automatically receive the order, fulfill, and ship it.  Use my referral link to get started and we both get a $5 coupon after your first order.  One of the biggest draws for Printful is they have fulfillment centers all over the world and they will automatically route to the fastest and most efficient fulfillment center for your order.

But enough about Printful, back to February 2021.  Two months into this journey and two positive P & L reports.  I'll call that a pretty big success.  And to top it all off I haven't invested a single penny.  One word of advice though is for most POD providers you do have to have a credit card on file for your orders and depending on how quickly your merchant platform pays you for your incoming orders you may have to float that print cost for a few days or more.  So although I didn't really have any start-up cost there was some operating cost that exceeded my revenue.  But I use a points paying credit card (it's nice to take vacations for deep discounts using points for money you're going to spend anyway), more on that later.
But there you have it, $203 net profit in month #2.  $231 dollars in net profit in the books in total.