fastermillionair
New Contributor
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.
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