Posted 7 months ago by Matthew
Welcome to the wonderful world of book selling. Of course, that’s if you’re new to this business or you recently heard about it and want to get in on the action. There are a few ways to go about making a profitable fulltime or side-gig in the book resale business. Many people are selling books on Amazon FBA and making handsome profits. We will discuss them here as well as discuss a few tips to avoid flipping books that are losers or getting stuck with unsaleable books.
You can source through thrift stores, garage sales, regular stores, online book sellers, and my personal favorite; looking for books that are temporarily deeply discounted as much as 90% on Keepa.com. It’s important to figure out what sourcing model works for you personally; one that you can easily do in the smallest amount of time. You want to find the most books, at the lowest cost, in the shortest amount of time. I have a YouTube channel where I cover some of these sourcing strategies. It’s free and you can check it out here:
Before investing in a book for resale you want to be sure you properly analyze the market demand and price history of each book. One reference point, today’s price, doesn’t really mean much. You need greater context to determine if that book is flip worthy. It would help to see the price history and sales volume of the book over the last 1-2 years. With that information you can make sound investment decision.
Seasonal or Non-Seasonal
Some books sell well during certain months, such as textbooks. You will find that other books will sell all year and in massive quantities. The books that are seasonal tend to have bigger margins, but the seasonality will cause your business to have irregular cash flows. It’s important to seek a balance between the two segments in the book resale market if you want to make it long-term as a pro book flipper.
If you are interested in diving deep in this business and learning the “basics” on how to sell books on amazon and all the way up to “advanced” topics my course is available for purchase in the link below. In the course you will learn to source books efficiently and at the lowest cost. The course will teach you all you need to know to get started flipping books for profit in as little as 15 minutes a day. The link to the course is below: