TLDR: What’s The Verdict On Book Profits?
So, Book Profits comes with software that makes finding the best and cheapest books to sell a breeze, saving you loads of time. Luke Sample’s intro video is super clear and covers a lot of questions you might have.
And hey, if you’re willing to shell out a bit more, Book Profits will even handle logistics like receiving, inspecting, repackaging, and shipping books to Amazon. Talk about passive income potential!
But hold on, here’s where it gets iffy. The course is pretty expensive, and the market is already crowded. The program has gone through several name changes (Textbook Money, Book Arbitrage, Higher Path Ventures Training) because of a history of bad reviews.
Many users complain that the software doesn’t work. And once you sign up, you can’t file class-action lawsuits or complain about the system’s functionality. Some folks report making only $2-$3 per book, which is a far cry from the advertised $130.85 profit.
Sure, some AMZ sellers have made money with Luke Sample’s training, but the high failure rate, reputation issues, and low-profit margins make it tough for me to recommend. There are probably better, less risky options out there if you’re looking to get into this kind of business.
Better yet, consider diving into something that doesn’t require dealing with physical products—a purely online business.
Picture a setup that consistently brings in $2,000 to $10,000 each month, a reliable income stream you can scale up or down as you like. If this sounds intriguing, you might want to check out Digital Rental Method.
Curious about what Book Profits really entails? Keep reading this Book Profits review.
Who Benefits From Book Profits And Who Should Stay Away From Luke Sample?
How do you know if you have a shot at finding success by flipping books online?
Who would benefit from Book Profits:
- Ecommerce Pros: If you’re experienced in ecommerce and want to explore selling books, Book Profits could be for you. You’ll get tips on finding profitable book niches and tools to make research easier.
- Automation Fans: If you like using software to save time and make decisions, Book Profits offers tools to streamline your product selection process.
Who might want to look elsewhere:
- Sales Pitch Skeptics: If you don’t like long sales pitches or unclear promises, Book Profits might not be a good fit. Look for options with more transparency.
- Name Change Worriers: If frequent rebranding makes you uneasy, Book Profits might raise red flags. Do some research before committing.
- Profit Margin Watchers: If tight profit margins and heavy competition are concerns, Book Profits might not meet your expectations. Success here needs high volume and dedication.
For more insights, check out my list of the best Ecommerce Courses and Gurus to guide your success.
Book Profits Reviews: A 1,000 FT View
| Title | Description |
|---|---|
| Program | Book Profits |
| Owner | Luke Sample |
| Price | $3,500 |
| Refund Policy | unclear |
| Website | https://bookprofits.com/ |
Business Model
Book Profits system is based on the arbitrage business model. It’s a low-cost way to learn selling on Amazon. But let’s be honest. Amazon FBA arbitrage isn’t sustainable long-term.
Your profit is the difference between your buying price & selling price minus Amazon fees. With this, you’ll always be on the lookout for the next good deal.
A great long-term business is one that you can scale. It’s one that eventually replaces your 9-5 income. The only way to scale an arbitrage business is by outsourcing.
But with low profit margins, outsourcing isn’t practical. This along with other downsides of arbitrage, makes it a shaky long-term business model.
| Area | Rating | Description |
|---|---|---|
| Time Investment | 2/5 | Requires significant time for sourcing deals and managing logistics, limiting flexibility. |
| Level Of Control | 2/5 | Dependent on Amazon’s platform and policies, restricting full control over your business. |
| Ease Of Implementation | 3/5 | Moderately easy to start with clear training, but ongoing management can be demanding. |
| Profit Potential | 2/5 | Profit margins are generally low, making it difficult to achieve substantial earnings without significant effort. |
About The Gurus – Luke Sample Reviews
Luke Sample
Luke Sample, from Cape Girardeau, Missouri, co-founded Book Profits. He started in internet marketing in the early 2000s and launched CPA Wealth Coach in 2008.
Even though he has a chemistry degree, he chose marketing instead. Luke also managed Elite Clicks Media and started several marketing programs before creating Book Profits in 2016.
Jon Shugart
Jon Shugart, from Gainesville, Georgia, is the co-founder and CEO of Book Profits. He’s the tech expert behind their software.
Jon has degrees in mathematics and education leadership. He taught high school math and studied computer science at Georgia Tech, which helped him build the Book Profits software.
They both claim to have been featured on the front page of the Wall Street Journal, but I couldn’t find any proof of this.
How Much Does Book Profits Cost?
The Book Profits cost is a one-time fee of $3,500, with an additional monthly fee of $297. However, some people claim the prices vary and date back to the Higher Path Ventures days.
To find out your exact cost, you need to set up a sales call. During the call, you’ll hear a pitch on why you should join Book Profits. They might offer installment plans and other upsells.
They do offer a money-back guarantee, but some customers have reported issues with getting refunds.
My Personal Opinion: Is There A Book Profits Scam Going On?
Book Profits isn’t a scam, but let’s not get too excited. The business model is decent, yet the profit margins aren’t as impressive as you might hope. Plus, the costs are higher than they should be.
Here’s a fun fact: Luke Sample has changed the name of his flagship program multiple times. Red flag much? Legit businesses usually don’t play this game. If you’re offering something great, wouldn’t you want to build on that success?
There are way better options that don’t require you to drop thousands upfront if you’re new to the online income game. In case you’re paying premium prices, make sure you are getting your money’s worth.
Personally, I’d go for creating Digital Rental Properties. These babies can bring in $500-$2,000 a month—recurring income, mind you. The best part? It takes way less time (I did it in my first 2 weeks with Digital Rental Method). You can do it from anywhere!
My friends run their six-figure Digital Rental Method businesses while camping, chilling in a villa in the Maldives, or backpacking in Asia. They take time off, and the money keeps rolling in. Living the dream, right?
What’s Inside Book Profits?
Book Profits offers a training program and tools to help you with your book-selling business on Amazon. You can learn the lessons at your own pace. Here’s a quick look at what you get:
Training Summary
The course is designed to teach you how to start your own business through book arbitrage. Key lessons include:
- Finding inexpensive books to resell for profit.
- Boosting sales with free shipping.
- Using Amazon Prime to sell books for higher profits.
- Conducting product and keyword research.
- Understanding Amazon Sales Rank.
- Leveraging the Amazon Trade-in Program and turning gift cards into cash.
- Finding cheap books on other sites too.
Note: They warn that converting Amazon gift cards to cash can be a hassle, suggesting other online platforms for book sourcing.
Software
The software provided simplifies some of your tasks, like product research. It helps you find cheap books more easily than doing it manually. Additionally, for an extra fee, Jon and Luke’s system can manage some logistics for your online bookshop.
Conclusion: To Buy Or Not To Buy Book Profits
Honestly? No, I wouldn’t recommend buying the Book Profits program. Sure, the low starting cost is tempting, and it’s a decent intro to selling on Amazon.
But here’s the thing, Amazon FBA arbitrage isn’t a long-term game. It’s a great way to get your feet wet. You need to get into something more sustainable after.
I’d suggest Digital Rental Method if you’re after a long-term, profitable business. You build and rank a site on Google, then rent it out to local businesses. Boom! Instant passive income. You become a digital landlord, and this model can scale up nicely to create real passive income and secure your financial future.
What’s My Number One Recommendation For Making Money Online In 2024?
I’ve tried practically all the online business models out there, but one thing stands out and that is the Digital Rental Method.
Here’s why:
1. Flexibility
Book Profits requires constant deal hunting and managing logistics, which can be time-consuming and inflexible. With Digital Rental Method, once set up, it runs almost on autopilot. Manage it from anywhere, offering ultimate flexibility.
2. Ownership and Control
With Book Profits, you’re at the mercy of Amazon’s platform and rules. With Digital Rental Method, you have full control over your digital properties, setting your own rules and prices.
3. Ongoing Expenses
Book arbitrage has high ongoing costs for inventory and Amazon fees. Digital Rental Method has minimal ongoing expenses, mainly hosting and occasional updates, meaning more profit for you.
4. Scalability
Book arbitrage is hard to scale due to low profit margins and time demands. Digital Rental Method is highly scalable. Create multiple sites and rent them out, adding to your income with minimal extra effort.
5. Making a Real Impact
Book Profits also has a limited valuable impact. Digital Rental Method helps local businesses grow by providing valuable leads, boosting local economies.
While Book Profits is a decent starting point for learning ecommerce, Digital Rental Method offers superior flexibility, control, lower expenses, better scalability, and meaningful impact.