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How can I make a profit?

1. Direct Purchase

Reminiscence Bio offers the Direct Purchase option for Clients interested in making a profit from the sale of their books. 

The Client can opt to purchase books directly from Reminiscence Bio at a reduced cost, reselling at any price they prefer. 

Reminiscence Bio will manage the transaction process, including the printing and shipment of the books, while the client will be responsible for the associated payments. A small fee will be charged for facilitating the process.

With Direct Purchasing, Reminiscence Bio does not take orders for less than 50 books at a time. A contract will be drafted to outline this agreement.

For example: 

(figures below are for estimation purposes)

 

- (Cost per book + Reminiscence Bio’s charge  = $1,600)

- (Client’s resale price of book = $3,000)

 

INVESTMENT

Print of 100 books ($1,600 x 100) = $160,000

Shipment/Uplift of books = $20,000

Total Client Investment = $180,000

 

PROFIT

Client’s resale of books (3,000 x 100) = $300,000

Final Client Profit ($300,000 - $180,000) = $120,000

With Direct Purchasing, the total profits earned belong to the Client as is the customary arrangement regarding book printing. 

2. Profit Sharing

In this arrangement, Reminiscence Bio will engage in the sale of the Client's book at its own rate and frequency. 

Reminiscence Bio will cover the payment for the purchase, shipment, advertising and distribution of the books and, in turn, the Client receives 10% of the profits.

For example: 

(figures below are for estimation purposes)

- (Reminiscence Bio's sale price per book = $2,500)

- (Client’s profit = 10% or $250 per book)

SALE

Reminiscence Bio's sale of books (100 x $2,500) = $250,000

Client's Precentage (10% of $250,000) = $25,000

In this arrangement, the Reminiscence Bio is not obligated to sell any number of books over any period of time and chooses to do so based on discretion and perceived public interest. 

NB: To earn a greater profit through either option, the Client can examine the placement of ads in their books with the greater profit share from the ads going to the party that acquired it.        

Both profit options can be entered into simultaneously.

 

Book on Table

© 2020 by ReminiscenceBio

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