$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:
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…
