According to Shopkeer, we have invoiced more than 208k (with VAT) to date. In 2023 we have invoiced 100k less in the same period. In terms of product profit, the figures for 2024 translate into 54.5k (with VAT). Being still a long way from Christmas, these figures do not allow us to relax, but they are not bad.
It is not normal to double Amazon’s numbers from one year to the next. The question then is: How did we achieve this?
Raise capital to make product purchases
“Raise” is not really the right word because it is put in the context of finding investors who put capital into the company. What we have done is to obtain bank financing. Our figures show that we deserve that trust and we are confirming it once again.
We have hired a full-time designer and a new zealand whatsapp number data part-time programmer. In 2022 we have acquired a space of more than 600m2 that finally allows us to store products (previously we were in a 90m2 space). In terms of structure and consequently costs, we now have everything we need to multiply the figures we have right now by 10.
Put more focus on the own brand
We have now gone on to generate introduction to a data package almost 50% of our turnover with our own brand products. This means that we are less dependent on Lego, Pokémon, etc. The good thing is that we are 100% clear about the next steps we need to take to continue growing with our own catalogue. Honestly, never in the last 8 years with Amazon or even as an entrepreneur have I had things as clear as now.
Jira and Confluence
The processes established thanks to Jira and gambler data Confluence have been a very important part of growing in 2023. We perform better and better thanks to the definition of new processes. In fact, this is what we have all highlighted as one of the main milestones achieved last year.
Continue developing our management tool for Amazon
We are finally able to detect the stock we have in just a few clicks. It took us a while to get to this point also because it was not so necessary until now. We can also finally analyse all products and make better decisions about when to ship and replenish products. We have taken a giant step forward.
It is clear that we still have a lot of things to improve. We need to be even more detailed in some aspects. We lack the understanding that small things add up, but that is what we are working on. It is my responsibility to always look at the bad and not settle. It is the way to improvement. We have big plans for 2024 and beyond.