How to Sell Undervalued Books for a Profit on Amazon

http://www.booktothefuture.com/youtube Learn how to ship used Books, CDs, DVDs to Amazon for a nice income.

http://www.booktothefuture.com/ Please visit my blog for more info on how to profit from low priced books.

Here’s a transcript of the video:
Hi, this is Nathan holmquist, hope you’re doing well, for this video I’ll show you some sales that happened today and what my strategy is and what I’ve been up to lately. And so for the first book as you can see technically this is a penny book, the lowest used price is 1 penny plus shipping for merchant fulfilled sellers, but if you scroll down, all these are inacceptable and good condition. When you scroll down and get to the very good, really you’re at a 5 dollar book. So just because the lowest price is a penny doesn’t mean it’s worth a penny. About 80 to 90 percent of the books that I find, I sell them as very good condition. So that’s just one thing to keep in mind. And I actually sold this one on fba for 9.95. so just because it’s worth a penny doesn’t mean you have to sell it for a penny on Amazon fba. You can mark that up, and I’ve been experimenting with the bottom of 9.95 lately. I believe after fees, it’s about 5 or 6 dollars that’s left to me. Keep in mind that I probably paid about 50 cents for this book, so that adds up. Sometimes I’ll go to a book sale and I’ll buy 200 to 300 books and that’s a pretty decent profit margin.

Here’s another one that sold today. Lost children of wilder. And for this one you can see that the used price has a buy box with the fba price of 9.99. so as a seller, you have a huge advantage when you sell on fba. Because you show up in this buy box here. So let’s pretend your name is on buyer. You’re gonna go on here, you see the new price that’s 15.93, and you’re gonna see the used price of 9.99. most likely you’re not gonna mess around down here too much and look at the merchant fulfilled even though it is cheaper, because all you have to do is click on here. It’s 1 or 2 clicks. You get the book in 2 days. Buyers are busy, they’re not gonna want to mess around with these books down here. That’s another huge advantage of fba. And sure enough this one sold at 9.95, here’s another one, the lowest used price is 1.20, and I sold this one at 9.95, tears of a warrior. And here’s another one that has a buy box of 10.99. and as you can see that is a huge spread between the lowest non fba and the fba price. It’s a 1.11 all the way to 10.99, so you have advantages when you’re selling on fba. And this one sold for 9.95. so as you can see, you get tremendous advantages of selling on fba. You can sell the lower cost books, you can set the minimum price to 9.95, 8.95, 11.95. you just have to make sure there’s not too many other fba competitions selling that same book. You can get away with it when there’s 1, 2, 3 other sellers. If there’s 20 other fba sellers, then it’s probably not a good idea to buy that book. Most of the scanners and apps on smart phones where you check the prices show the Amazon fba prices so you have all of that information at your book sales. So I just wanted to show you what I’m up to, all 4 of these sales were today. I know it doesn’t seem like much, 9 dollars, 10 dollars, but it really adds up when you buy these books cheap and you sell them in bulk. If you have any questions or if you want to view any more of these experiments that I do, I’m posting all the book sales I go to, and I’m posting the profits and what I buy them at and sell them at, just go to booktothefuture.com and thanks for watching this video.