The April 2021 Book Flipping Profit & Loss Report
The April 2021 Book Flipping Profit & Loss Report
Incredible returns in a off-season month
This is my fourth P&L for Book Flipping, read the previous one here.
I will probably expand this to my other businesses, but for now book flipping makes the most sense for obvious reasons.
In April I had the following:
Total Sales: $12,725.74
Books Sold: 205
Total Profit: $4698
Hours Worked: ~10-12
Average Profit Per Book: $22.91
April is a big jump compared to March, selling almost twice as many books.
The average profit per book is lower this time around, mainly because I sold some duplicates that were small profit but sold very quick.
It was my goal to fill up on inventory but I honestly ended up just selling through so much of it.
I’m just about back to square one in that department with only 97 books in stock or being stocked.
That’s okay though, there is still plenty of time to get prepared for the busy season in August/September.
As we get into late June and July, start keeping an eye on Keepa graphs that shows the price of the book spikes EVERY year for August/September.
If you see them and can afford to wait a little longer, pick up a couple of them to list with a high price for that busy part of the season.
You can easily do 2-5x your normal numbers during this part of the year.
My goal is to get back up above 300 books stocked by then.
If you would like to learn how to flip books like this, I encourage you to grab a copy of my book flipping guide here if you haven't already.
I also share a bunch of information about side hustles like this on my YouTube channel.