$15.40 Profit in March

Welcome, Anon, to the first monthly profit report for my college textbook reselling business!

To anyone new, here’s a quick recap of the business:

Resell college textbooks through Amazon FBA to students at the beginning of the semseter.

Since this is my first month writing a recap (and I’m not the best writer), you can expect this format to continue to evolve. For now, we’ll present the performance metrics and discuss sustains/improves going forward.

With that being said, here’s the breakdown from March:

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Breaking Down the Numbers:

Revenue: $252.00

COGS: $176.60

Gross Profit: $75.40

Expenses: $60

Net Profit: $15.40

Not too really impressive? I agree.

However, remember how our business model is developed: accumulate inventory after the semester ends and sell when kids go back to school.

With that in mind, I’ve been buying as much inventory as I reasonably can. I purchased 45 books during the month of March while allocating ~30 minutes/day to making offers on eBay.

So, I currently have 88 books in inventory that will be sent to Amazon prior to June.

Now let’s get into the sustains and improves…