Profit Report #7: $30 College Textbook Reselling Losses in November
Welcome Back, I am an Amazon FBA college textbook reseller documenting the journey of building my online business.
For anyone new here, the game plan is simple: buy college textbooks cheap and sell them for a profit when students return to college.
Reselling college textbooks is the best business for beginners to start for 3 reasons:
Predictable behavior
Little capital required
Scalable
If you want to learn more about my process, check out my step-by-step guide to college textbook reselling. (It’s very simple)
As expected, October was much slower than August. I sold out most of my inventory during the summer and did not send an any new shipments during September. For the majority of the month, I only had 30 books in inventory.
Do I mind the slow month? Not really.
I spent the month of October doing the following:
Building a new KPI Dashboard (More to come)
Buying Books
Completing Joji Davenport’s A2A (Amazon to Amazon) course
Overall, the month was very productive.
October also was my one year anniversary to reselling my first college textbook. In that time, I’ve sold over $20,000 in college textbooks, learned a ton of new skills, and accrued a lot of credit card points.
So, despite lossing money this month due to business fees (Keepa, Seller Central), I continued to move my business forward.
With that, here are the official numbers:
Total Sales: $90
Cost of Goods Sold (Including Amazon fees): $
Expenses: $80 (Keepa, Amazon, SellerAmp)
Total Profit: ($30)
Average Profit: $15
Year-to-date Profit: $5,427.57
If you want to see more profit reports from my business, start here with last month’s write-up:
Profit Report #6: $310 in College Textbook Reselling Profit in September
Welcome Back, I am an Amazon FBA college textbook reseller documenting the journey of building my online business.
Need help getting started?
I’ve developed a few resources to shorten your learning curve:
Guide to Reselling College Textbooks - Step-by-step process to starting your college textbook reselling business from the equipment needed to generating your first sale
Book List - I’ve created a list of 1,000 College Textbook ISBNs for you to use to get started setting alerts in Keepa