NOTE: This blog has moved to: http://www.HonestOnlineSelling.com
I recently expressed how used book selling has been extremely profitable for me because of the very low cost of inventory (used books) and the exponentially high return on investment (ROI) that I have made.
Well, BookSalefinder.com (a web site that can alert you, via email, to local Book Sales) just released its survey results. (They recently surveyed thousands of used book sellers and used book buyers to examine their business performance and strategies).
I found the results very interesting. Some highlights:
> About half of the respondents sold books as their 'Full Time Job'
> The majority of book sellers get their books primarily from Book Sales; and 'runner-up' sources of books for them is thrift stores and estate sales.
> Most of the book sellers store their books at home and ship them from home (a comparatively very small segment use fulfillment by Amazon)
Here is the link to all the survey results. It's a quick read.
Remember if you want to dominate book selling like I did, you can. This guide by Frank Florence is my 'S.W.A.T' tactical bible I have used to generate a steady stream of profits from used books. The guide was priced at $97 (and it was a steal at that price). Frank lowered the price to $19.99 - I think that he's crazy - the value is WAY too high), and on July 4th the price will drop to $10 for that day only.
I'm not singing all this praise to drum up sales. I don't know Frank personally (although I am one of his affiliates). But he's one of the VERY few book selling experts who just spills his guts on the topic - and now everything he knows is yours for the taking.
Also, he offers a FULL YEAR if you want your money back. No questions asked. And I am double-backing his guarantee. If for any reason he doesn't pay you back (he will - he's trustworthy), I will, from my own pocket.
If you want to contribute to your revenue stream by selling books on Amazon (or any other site), you need this book. Don't pass it up.
Till next time,
-J.B. Malik
Founder, HonestOnlineSelling.com & FBAFinds.com
Remarkable & Proven Ways to Make a Living with Amazon & eBay
Wednesday
'Fulfillment by eBay' Is Coming! (Wall Street Journal)
NOTE: This blog has moved to: http://www.HonestOnlineSelling.com
Wow. This would actually be pretty awesome, should eBay pull it off with the same grace and precision that Amazon has with FBA (Fulfillment by Amazon):
EBay Plans Fulfillment Service for Sellers
-J.B. Malik
Wow. This would actually be pretty awesome, should eBay pull it off with the same grace and precision that Amazon has with FBA (Fulfillment by Amazon):
EBay Plans Fulfillment Service for Sellers
-J.B. Malik
Monday
See Founder J.B. In a Video (Off-topic, Just for Fun)
NOTE: This blog has moved to: http://www.HonestOnlineSelling.com
NOTE: This blog has moved to: http://www.HonestOnlineSelling.com
Hi Online Sellers.
I want to share with you a local TV news story that contains some footage of me and our 2 dogs (my wife was in a leg cast and did not want to appear in the story). The story was about our House-Call veterinarian.
I'm just showing this to you because I have read that subscribers to blogs like to familiarize themselves with the blog owner/writer, and see who is 'behind' all the postings. So here you go!
(At the very least, you can poke fun of my extra large forehead and uber-geeky voice).
Talk soon,
-Jordan "J.B." Malik
Founder, HonestOnlineSelling.com and FBAFinds.com
NOTE: This blog has moved to: http://www.HonestOnlineSelling.com
Hi Online Sellers.
I want to share with you a local TV news story that contains some footage of me and our 2 dogs (my wife was in a leg cast and did not want to appear in the story). The story was about our House-Call veterinarian.
I'm just showing this to you because I have read that subscribers to blogs like to familiarize themselves with the blog owner/writer, and see who is 'behind' all the postings. So here you go!
(At the very least, you can poke fun of my extra large forehead and uber-geeky voice).
Talk soon,
-Jordan "J.B." Malik
Founder, HonestOnlineSelling.com and FBAFinds.com
Friday
Amazon 'Sales Rank' Myths - Brush 'em off Your Shoulder.
NOTE: This blog has moved to: http://www.HonestOnlineSelling.com
Hi Online Sellers -
I'm observing - on some Amazon seller help forums - some 'experts' who are turning their noses up at the prospect of selling high-ranking products on Amazon -------------------------->
By 'high ranking' I mean 'slower-selling'. On Amazon, high rank of (say) 6,000,000 is clearly a sales dud - a pretty low chance of getting sold. Alternatively, an item with a low sales rank (i.e. 1,050 ) - is a hot item on Amazon with a fast sell-through rate.
But these 'experts' - who, like me, don't know what Amazon's 'secret formula' is in assigning its bestseller ranks - strike me as being pretty snobbish. Let me explain.
Personally, I will sell any legitimate product on Amazon, within a pretty wide sales rank range. I don't turn much down, even if it ranks as high as 1,000,000 (as long as I can make a decent profit, of course).
On my new membership site, FBAFinds.com (which advises you exactly what to sell on Amazon, and exactly where to find it) you'll see that I won't recommend a product to you unless it has a sales rank between 1 and *150,000* - and I think we're being TOO careful!
But would you believe that some sellers are even scoffing at that? I had one guy recently tell me that I was crazy to recommend a toy with a sales rank of 36,000 - he said it's not going to sell!
Well, I will show you something that no other seller will - items with high sales ranks that, according to ALL those Amazon Seller 'experts', has NO CHANCE in Hell to sell!
Well, I just proved them wrong:
For instance: I bought this at a local Marshalls, for $5, in April 2011 (you can tell by my Seller SKU - it includes the date I sent it to Amazon - 040211). It just sold for $17.94. (Full disclosure - mine was the lowest price among the competing sellers - but my gross profit margin was over 175%) The sales rank WHEN I POSTED it was 450,000. Right after my item sold, the sales rank JUMPED to 53,000. If I were a betting man, I'd bet you that plenty of other sellers turned down buying that item to resell on Amazon, because of the sales rank.
Here's another example: I listed this audio book on Amazon a few days ago (I paid $3 for it). I just sold it on Amazon for $14.99 (over 275% Gross Profit Margin). Again, mine was the lowest price - but my profit margin was over 350% on that one. This item's sales rank when I posted it was 650,000! After my sale: The sales rank got worse: 885,000. But my item sold at a big profit within just a few days of listing it! Unnecessary 'Sales Rank Nervousness' debunked again!
(Side Note: You might be asking "J.B., How do you ensure you're always at the lowest price?" I use a repricer service - repriceit.com - for my Amazon FBA listings. I recommend a repricer (but it's not required) if you have a large # of items on Amazon (i.e. 100+ different ASINs). MOST of my items are repriced automatically - daily - to ensure they are the lowest price. You don't need a repricer to compete with other sellers effectively, but it does save you a boatload of time)
Now, is this high sales rank 'success' common? Nope. I have lower - and higher - ranking items that take 6 months to sell, 12 months to sell, 1 month to sell, etc. But I'd rather do that (think about my investment 'long term') than chasing the same hot products along with a ton of snooty, competing sellers, whom would thrust me into a price war. I won't follow that mentality.
If they all run West, I'll run East. You comin' with me? Good. Like the inimitable David Lee Roth once said, "We may be lost, but we're WAY ahead of schedule."
See Ya in the Forums,
-J.B. Malik
Founder, HonestOnlineSelling.com and FBAFinds.com
I'm observing - on some Amazon seller help forums - some 'experts' who are turning their noses up at the prospect of selling high-ranking products on Amazon -------------------------->
By 'high ranking' I mean 'slower-selling'. On Amazon, high rank of (say) 6,000,000 is clearly a sales dud - a pretty low chance of getting sold. Alternatively, an item with a low sales rank (i.e. 1,050 ) - is a hot item on Amazon with a fast sell-through rate.
But these 'experts' - who, like me, don't know what Amazon's 'secret formula' is in assigning its bestseller ranks - strike me as being pretty snobbish. Let me explain.
Personally, I will sell any legitimate product on Amazon, within a pretty wide sales rank range. I don't turn much down, even if it ranks as high as 1,000,000 (as long as I can make a decent profit, of course).
On my new membership site, FBAFinds.com (which advises you exactly what to sell on Amazon, and exactly where to find it) you'll see that I won't recommend a product to you unless it has a sales rank between 1 and *150,000* - and I think we're being TOO careful!
But would you believe that some sellers are even scoffing at that? I had one guy recently tell me that I was crazy to recommend a toy with a sales rank of 36,000 - he said it's not going to sell!
Well, I will show you something that no other seller will - items with high sales ranks that, according to ALL those Amazon Seller 'experts', has NO CHANCE in Hell to sell!
Well, I just proved them wrong:
For instance: I bought this at a local Marshalls, for $5, in April 2011 (you can tell by my Seller SKU - it includes the date I sent it to Amazon - 040211). It just sold for $17.94. (Full disclosure - mine was the lowest price among the competing sellers - but my gross profit margin was over 175%) The sales rank WHEN I POSTED it was 450,000. Right after my item sold, the sales rank JUMPED to 53,000. If I were a betting man, I'd bet you that plenty of other sellers turned down buying that item to resell on Amazon, because of the sales rank.
Here's another example: I listed this audio book on Amazon a few days ago (I paid $3 for it). I just sold it on Amazon for $14.99 (over 275% Gross Profit Margin). Again, mine was the lowest price - but my profit margin was over 350% on that one. This item's sales rank when I posted it was 650,000! After my sale: The sales rank got worse: 885,000. But my item sold at a big profit within just a few days of listing it! Unnecessary 'Sales Rank Nervousness' debunked again!
(Side Note: You might be asking "J.B., How do you ensure you're always at the lowest price?" I use a repricer service - repriceit.com - for my Amazon FBA listings. I recommend a repricer (but it's not required) if you have a large # of items on Amazon (i.e. 100+ different ASINs). MOST of my items are repriced automatically - daily - to ensure they are the lowest price. You don't need a repricer to compete with other sellers effectively, but it does save you a boatload of time)
Now, is this high sales rank 'success' common? Nope. I have lower - and higher - ranking items that take 6 months to sell, 12 months to sell, 1 month to sell, etc. But I'd rather do that (think about my investment 'long term') than chasing the same hot products along with a ton of snooty, competing sellers, whom would thrust me into a price war. I won't follow that mentality.
If they all run West, I'll run East. You comin' with me? Good. Like the inimitable David Lee Roth once said, "We may be lost, but we're WAY ahead of schedule."
See Ya in the Forums,
-J.B. Malik
Founder, HonestOnlineSelling.com and FBAFinds.com
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