1: Determine how you’re going to get your books.
You could do scanning, which is really popular. Basically, you scan each book at a yard sale, thrift store, etc., to find out which ones are worth buying and reselling.
The app you get on your phone cross reference’s the book’s BSR as well as the book’s lowest sales prices and let’s you know if it’s worth purchasing.
Or you could do wholesaling. Instead of scanning each and every book, you make offers on entire lots. These could be lots from yard sales, estate sales, book store closings and so forth. I know one guy who goes to the local thrift stores and picks up all the books they didn’t sell or didn’t have shelf space for. He gets them for free.
When you wholesale, you’ll likely find that 3 out of 4 books isn’t worth listing. What you do with those is up to you. Personally, I would donate them to the library for their fundraising book sales.
2: Create an Amazon seller account.
There are two types of accounts; individual and professional.
Individual is free, but you pay an extra $1 per sale.
Professional costs $39.95 per month, but doesn’t have the $1 fee.
Basically, if you can sell more than 40 books, get the professional account.
3: Use Fetcher to track costs and profits.
When you’ve got hundreds of books, it’s hard to remember how much you spent on each one.
Fetcher is an app that integrates directly into your Amazon seller account that helps you track your profits. You can easily input the costs of each of your products, too, something that you can’t do with Amazon seller central.
Plus, Fetcher does all this, too:
• Product breakdown on a per ASIN basis
• Pay Per Click cost and sales analysis
• Product promotion tracking and real costs
• Amazon fees – storage, FBA and everything else
• Refund tracking with comparisons and costs
• Costs of Goods Sold tracking and calculations
• Inventory dashboard
• Professional Profit and Loss Statement
• Daily sales and profit email
One thing: Fetcher costs $19 a month with a free 31 day trial. But most Amazon sellers agree it’s worth the investment.
4: List your books on Amazon
You can manually type in each ISBN, or use an app to scan them in. Put the ISBN into Amazon’s search bar and click, “I have one to sell.”
State its condition – and get it right. Buyers get really annoyed when a book is listed as “Like New” condition and there’s highlighting or writing in the book.
“New” is just like it sounds. A brand-new, unused item
“Like New” is an apparently untouched item in perfect condition.
“Very Good” is a well-cared-for item that has seen limited use but remains in great condition. The item is complete, unmarked, and undamaged, but may show some limited signs of wear. Item works perfectly.
“Good” shows wear from consistent use, but it remains in good condition and works perfectly. It may be marked, have identifying markings on it, or show other signs of previous use.
“Acceptable” is fairly worn but continues to work perfectly. Signs of wear can include aesthetic issues such as scratches, dents, and worn corners. The item may have identifying markings on it or show other signs of previous use.
Either ship your books in bulk to the nearest fulfillment center, or ship them individually to buyers as sales come in.
If you’re doing the shipping yourself, be sure to have the appropriate sized mailers ready to go.
It’s easiest if you simply print postage right from your computer, and it’s fairly easy to set this up.
6: Rinse and repeat.
It’s best to roll your profits back into your business for the first six months.
Your first goal is to replace any money that came out of pocket to start your book selling business.
Your second goal is to roll profits back into the business, thereby growing your business quickly.
When you get to a point that you can take money out of the business without slowing the business down, go ahead and start enjoying your profits!