I guess that you have seen and heard that secondhand books can make you serious money on Amazon but this is 2016 and you think you have missed out on the opportunity. Well take that sad look off your face as I have some great news. You have not missed out at all. The opportunity is still here and is still wide open and in some ways due to SmartPhones ad Apps the sourcing has become a lot better, and few mistakes are made. But before we get into the meat of the article of selling books and other media I am going to be very open and honest with you. This income stream will take time, it will take work, it will mean that your hands get a bit dirty, but the rewards are very much worth it. I love this income stream and have been using it many years and will continue using it for many years to come.
The types of media that I sell and find profitable are :
- Books – Hard Back and Paper Back and mostly Non-Fiction
- DvD’s both new and old ones – Films, Music. How To, Documentary
- Video – Yes video is still bought and can be profitable
- Computer Games – Both PC and Console based. Some of the older PC games sell for good money
- Talking books – on Tape and CD
- CD’s – Again these are big sellers
- Blank Media – CD’s, DVD, Video, Data, Reel to Rell (Yes serious)
Over the coming weeks we will keep coming back to this topic and look at each of the different subcategories and talk about sourcing and selling, but for today I want to stay with books. I believe if you are brand new or have been selling on Amazon a good number of years you should add books to the list of products you sell. Why? Books mean cash in your bank account.
So where do you source books to resell on Amazon?
A good question, but all it takes is a bit of effort and by simply looking around you, books are everywhere. Look in any Charity shop and there are hundreds of books on the shelves and take a peek in their back room and there will be hundreds if not thousands of books just waiting to be put out on shelves when there is space. And sadly a lot will just end op in a skip. So apart from Charity shops where else can you source secondhand books from?
- Jumble Sales
- Estate Sales
- Car Boot Sales
- Craigslist Adverts
- Gumtree Adverts
- Charity Shops
- Talking with people
- Adverts on Notice Boards
- School fates
So what type of secondhand book should you source?
I would suggest you start with non-fiction books as these are good sellers and normally hold their resell price. Some fiction is good to sell as well but would suggest you try and stay away from the mass produced types of fiction.
Always look for books that are in good to like new condition. Again some old and falling apart books can sell high, but in early days go for books that look good, have little or no markings n there and do not smell or look dirty
How much should one pay? Again this is like how long is a piece of string, but in simple terms as cheap as possible. In normal terms I look at buying books between 25p and £1.00 at the top of the range. Sometimes you will pay more, if it is in great condition and has good ranking and a high selling price. But again try and buy well below £1.00 per book.
When selling books or other media we also look at quantity the more you buy, the more you list, the more you send into Amazon the more you will sell. Yes this is a numbers game.
So let me set you a little challenge in closing this part of the article – set yourself a goal of sourcing, listing and sending in 100 books every week. If you do this on a regular basis you will soon see consistent and regular sales happening and a healthy bank balance.
100 books a week at say 50p each is £50.00 in stock a week and say the average profit after all fees is £5.00 and you sell on average 10 books a day you are making £350.00 a week pure profit. Even if you say it is just £2.50 profit per book and you are selling just 10 a day that is £175.00 a week pure profit.
Whatever way you look at this model it is very profitable, yes hard work to start but as mentioned the rewards are well worth it. So take up the challenge source and list 100 books a week and see what a difference it makes to your business.
Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.