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The January 2021 Book Flipping Profit & Loss Report
This is my first of many P&L reports for Book Flipping.
I don’t flip books the typical way where you buy them locally and sell them on Amazon.
I buy all my books online and sell them on Amazon, eliminating the need for commuting. It requires more up-front capital, but can be scaled much further.
Having done it for 8 years, there isn’t really a better side hustle in the world. I have a guide that shows exactly how to do it from top to bottom here.
In January, I had the following:
Total Sales: $22,456.22
Books Sold: 251
Total Profit: ~$7,500
Hours Worked: ~20
Average Profit per Book: ~$30
This was a great month and was one of my best in a very long time due to January being one of the most busy months.
I don’t expect a month this big until the summer unless I spend more time on finding books. I like the way I’ve been balancing my time though lately.
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.