Welcome, Anon!
As you can see, over the last few months sales have been slow (since kids aren’t returning to school…). During the month of May, I shipped in my largest quantity of books (90) and repriced some of my original purchases to sell.
So, as you can see, we had $1,151 in sales:
Although this is a nice bump from last month, there is a lot more to the story than the top-line image you see above.
Like I said, I repriced some of my first book purchases (a.k.a. were not good buys), so I took losses on those. Additionally, I was very hasty setting the price on my big shipment. I did not think I’d have this problem, but I started selling them when they got into inventory at my target summer price.
Nonetheless, another great month of lessons learned and experience under my belt as I gear up for the summer.
So, without further let’s break down the numbers:
Revenue: $1,151
COGS: $915
Gross Profit: $0
Expenses: $223 (Keepa, Amazon Seller Central, and shipping)
Net Profit: $13
