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The June 2022 Book Flipping Profit & Loss Report
Show me another business that makes this much from less than 10 hours of work, I'll wait...
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To read last month’s P&L Report, go here.
We have remained consistent over the past couple of months, sticking around that $3,000-$3,500 in profit per month range.
February through July is always a very consistent period with no outside influence on supply or demand of non-fiction books.
This period is a simple game of identifying great deals on books that are underpriced and pricing them correctly for a sale.
August and September is where demand spikes to the highest point of the entire year, allowing for easier sales than normal.
Let’s not get too ahead of ourselves though and take a look at what happened in June.
Total Sales: $8,334.04
Books Sold: 91
Cost of Goods + Fees: $5,333.79
Total Profit: $3,000.25
Hours Worked: ~6-8
Average Profit Per Book: $32.97
Total Profit for 2022: $19,560.93
June brought in $3,000 in profit which brings our 2022 total to almost $20,000.
In comparison, June 2021 brought in $2,620 in profit.
On the selling side of things, June & July aren’t any different than the months that precede them.
However, this is the time of year where the business spends the most amount of money on books in preparation for August & September.
Demand spikes heavily as students prepare for the upcoming school year and this can be anticipated using historical sales data.
This image shows a history of both Amazon Sales Rank (green) and the Lowest Used Price (black) of one specific book since 2019.
For at least the last three years, this book has had it’s Used floor price at/sub $25 in spring rise to over $75 every single year.
While history is not always indicative of the future, it is a strong likelihood that the same thing happens in 2022.
Therefore, spring and early summer is the greatest opportunity to deploy capital in anticipation of what will likely happen.
With this in mind, this business has already deployed around half all of the profit made in 2022 so far for busy season inventory.
What kind of returns can we expect? Somewhere between 100-150% ROI.
This means if we spend $10,000 on inventory for August & September, we should expect to see $10,000 - $15,000 profit and $20,000 - $25,000 in revenue for those two months alone.
That is before you account for the books already stocked with Amazon now, that will find buyers as well during this period.
Thoughts, questions, comments, concerns? You guys let me know.
If you would like to learn how to flip books like this, I encourage you to read my FREE book flipping guide here on Substack:
If you are already flipping books and want a list of over 100 books that will spike in price like the example above, get my Busy Season Buy List here.