Profit Report #8: $1,438 Profit Reselling College Textbooks in December
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)
With that, let’s take a look at the numbers for December:
Total Sales: $2,643.95
Cost of Goods Sold (Including Amazon fees): $1,125.25
Expenses: $80 (Keepa, Amazon, SellerAmp)
Total Profit: $1,438
Average Profit: $36
Year-to-date Profit: $5,427.57
As I write this, busy season is upon us.
During the month of December, I sold ~25% of my inventory with a strong profit margin to those students eager to pick up their second semester textbooks.
That closes out the year with more than $20,000 in total sales and a profit margin just over 25%…
That is exactly what we’re looking for.
And, just for the sake of reviewing performance, I pulled up my December 2023 sales:
Despite the growth, there is still a lot of room for improvement.
With nearly 18 months of experience reselling college textbooks, I am confident that this can be scaled to $100,000 revenue/year business with slight adjustments and efficiencies.
What do I mean by that?
I think this tweet by BowTiedTiger does a much better job than I would explaining:
For me, scaling is the following:
Tightening up shipping efficiencies
Creating a sourcing step-action
Integrate automation where possible (inventory reconciliation)
Find more avenues to buy books
BLUF: This year has been great, however, there are plenty of opportunities for improvement to get this to the point of generating $25,000/year in profit.
If you want to see more profit reports from my business, start here with last month’s write-up:
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.
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