I just got some books delivered from an IG book store that sells books very cheaply in my country.
Usually books cost anywhere between 7-15$ (highest quality) in the 'top' book stores of my country, but this seller and many others are selling books for $1-$2. These books are relatively low quality but readable. Infact they were so fine that I ordered another 10 after my first order.
Also they sell all the books for $1, regardless of the book. Same price for every book.
And they seem to be selling alot. It seems like they have bought IG followers (have around 20k followers, 100 likes/ post tho). This makes it seem like they are reliable and they keep posting pictures of books. Also they have a large variety of books too. They put ads and stuff .
This seems like a very lucrative business. Then again idk how much profit these guys are making but it does seem like something I could try considering my budget is limited.
If they sell for 1.18 each I think they make a profit of atleast 25-50%. Assuming buying price is $0.59(at best) or $0.885(at worst) and I sell them for $1.18,I am making a profit of $59 (at best) or $29.5(at worst).
Also assuming I store all these books at home, I will have no storage costs either.
Again a profit of $60 or $30 may not be alot, but what are your thoughts on this?
Is it worth taking out my $100 in stocks and investing in this venture or just learn a new skill and focus on my studies?
Also I am 18.
Usually books cost anywhere between 7-15$ (highest quality) in the 'top' book stores of my country, but this seller and many others are selling books for $1-$2. These books are relatively low quality but readable. Infact they were so fine that I ordered another 10 after my first order.
Also they sell all the books for $1, regardless of the book. Same price for every book.
And they seem to be selling alot. It seems like they have bought IG followers (have around 20k followers, 100 likes/ post tho). This makes it seem like they are reliable and they keep posting pictures of books. Also they have a large variety of books too. They put ads and stuff .
This seems like a very lucrative business. Then again idk how much profit these guys are making but it does seem like something I could try considering my budget is limited.
If they sell for 1.18 each I think they make a profit of atleast 25-50%. Assuming buying price is $0.59(at best) or $0.885(at worst) and I sell them for $1.18,I am making a profit of $59 (at best) or $29.5(at worst).
Also assuming I store all these books at home, I will have no storage costs either.
Again a profit of $60 or $30 may not be alot, but what are your thoughts on this?
Is it worth taking out my $100 in stocks and investing in this venture or just learn a new skill and focus on my studies?
Also I am 18.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
