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The January 2022 Book Flipping Profit & Loss Report
Not as strong as last year, but strong...
“Why Not Me? by Jarrylew” is an e-commerce and investment newsletter that focuses around the idea of using efficient income to become self-employed and financially free.
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To read last month’s P&L Report, go here.
As we move into 2022, the Book Flipping Profit & Loss Report will continue as scheduled.
Now that the series is a year old, I’ll be able to compare year over year.
January is the second busiest month of the year for books, outside of September. I love that because you always get to start the year off strong.
I want to preface this update with a couple of things, so that newer readers are caught up:
This is one of many ecommerce businesses I run
I operate it to show people what is possible
I have run this business for almost 9 years
Like December, there are some items in here that are not books that were left over from the holidays.
However, most of these were indeed books. Here are the totals:
Total Sales: $9,055.20
Books Sold: 128
Cost of Goods + Fees: $5,775.23
Total Profit: $3,279.97
Hours Worked: ~5-7
Average Profit Per Book: $25.62
Here are the totals from January 2021:
Total Sales: $22,456.22
Books Sold: 251
Total Profit: ~$7,500
Hours Worked: ~20
Average Profit per Book: ~$30
Last year was a much better year for one reason in particular, I was much better prepared for it.
I stocked half as many books this December, meaning half as many sold this January.
This was mainly due to:
My focus on holiday items for Amazon last year
Making/editing content for YouTube and Substack
What really matters is the time invested vs. profit relationship.
As usual, I made well over $400/hour while working on my book flipping business in January.
This business is bulletproof and that is why I recommend it to everyone, everywhere.
My plan going into the long off-season until summer is to continue adding books periodically to my inventory, like I always do.
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If you would like to learn how to flip books like this, I encourage you to grab a copy of my Book Flipping Guide by clicking the red button below.
It has helped countless people start their first business and allowed them to:
Pay off debt
It’s only a matter of time before this guide becomes the first step to someone becoming financially free as a result.
If I can make $40,000 profit in 2021 by only doing flipping books a couple hours per week, you can beat that with some dedicated effort.