What We Wish We Knew When We Started

Using this system allows us to grow our inventory and thereby sales in an accelerated manner and expand our buying, selling and thereby profitability in as short a time frame as I have ever seen.

The biggest thing that I wish I understood at the beginning was the strategy for the initial funding of book arbitrage as a business. Now, Jon & Luke explained it many times since last October but I did not hear it in a way that I really understood, that was until yesterday.

adult book business cactus

Their system for building wealth quickly is genius once you get it. It’s so easy I missed it. So here it is.

“We teach best what we most need to learn.”   ~ Richard Bach ~

Using a credit card buy as many books as you can using the software of course for speed and accuracy. For the sake of argument let’s say you have a credit card limit of $5,000. Spend the $5,000 on books and only pay the minimum amount off monthly. Let’s say for the sake of this example that’s $100 a month.

Now at the same time as you are paying $100 a month on your credit card you also have $5,000 in inventory actively working for you. Using this strategy from the beginning money can start rolling over as you make sales and reinvest those profits and it’s possible to receive 10, 20, 30, 50, 100% return on investment when you buy right.

To be clear, most credit cards have a minimum repayment of 3-5% but let’s put that at a whopping 15%. With the help of the book arbitrage software you can confidently predict anywhere from 10-100% return on investment with your active inventory – at $5,000 in our example.

When we add book trades to book arbitrage as another funding strategy it is a another phenomenal boost in profits. It is free money that is put on your AZ gift card that allows you to buy more books and boost more sales. That’s exponential growth for free!

Do you get it? I didn’t get this at first because I could not conceive of going into credit card debt as a way to build a business. My past financial woes included a lot of credit card debt that took me a long time to overcome. Perhaps you have a similar story.

However, using this system allows us to grow our inventory and thereby sales in an accelerated manner and expand our buying, selling and thereby profitability in as short a time frame as I have ever seen.

Continuing with this strategy to pay off a credit card at $100 a month whilst your profits grow in a compounding way once reinvested is why it is easily achievable to reach the target of six figures in a year to 18 months when applied right. All for $100 a month. That is insane to me.

“You don’t get any points in life for doing things the hard way.”   ~ Tim Fargo ~

Not understanding this or applying this strategy we got a loan out so we now have our money compounding for us in an accelerated way but it could’ve been even easier.

I would caveat this by saying when starting off for the first couple of months we would recommend buying a small number of books to learn how to buy right and wrong before committing your funds. But once you know what you’re doing I can see no reason not to pull the trigger.

New Zealand sign - choose - easy way - hard way

Why do something the slow hard way when there is a fast easy proven way? Well, even with mindset as my greatest strength I had a blind spot. Now I see it, watch this space for a change in gears. This already amazing business just became even easier!

Next, I will share other nuances that are making a difference to our bottom line. These small but systematically used techniques have a powerful impact on our ongoing business.

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Specific Figures

Having our money work for us 365 days a year 24/7 means we no longer have to work very much at all. Is there any job we could do where we could work 24/7? Obviously not which is why it is paramount that we have our money work for us.

In the last post I promised you some specifics in the figures we have created so far 9 months into this venture. They may not be sexy yet but they are only growing and that is the point. Compounding takes a little time. In this case, a whole year to 18 months! That’s not 30, 20 or even 10 years, that’s one year and we only expect to really see the magic of compounding accelerate from here on as it has already started.

close up of computer keyboard

Very often people give up when millions of dollars aren’t created in the first month. By the way in the next 4 months I would ask you to keep an eye on the specific figures by month 13. We have been working in the background on a project that is sure to blow the doors off what we have created financially so far with book arb and it’s still within book arb. We promise to show you how to do that too. More on that to come.

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.”   ~ Bill Gates ~

As I’ve stated before our figures will be at $100,000 in sales in less than 18 months from a start of $1,000 and that’s without the added project we have underway that directly relates to this system. Now that’s a great return on investment by any standard.

And that’s pretty typical within our book arb community. Myself and Tom do not have any special skills that we are applying to this and there are others who have done way better than us and some others who are growing it gradually and consistently. That’s the point. It is possible to start this system where you are and to grow it at your own pace. Who cares if it takes a little longer than 18 months to create $100,000 in sales?

To date we have created $6,544.29 in sales. Now that’s more than every other year altogether in business online over 10 years.2018 07 19th - SALES TOTAL to DATE

In the month of May alone we invested $805.19, selling 81 books for a total of $2,362.42 and after all fees we got our investment of $805.19 back plus we made an additional $268.03 in clear profit in less than 30 days. Think about that in scalable terms.

Again, I add we have learned so much more even since May, it’s now July as I write this, and the books we are choosing now are even more profitable. We are still growing and becoming prosperous. That is the sweet spot of any business and we love that!2018 05 31st - SALES for MAY

Did I mention that as international sellers we do all this on-line without ever touching a book ? We are a book store who never sees our books. We do of course employ a prep centre to have the books we sell checked and upgraded for quality, ensuring our customers receive great value. The prep fee is also built into our figures and we still make a profit.

We know from our research that before we ever buy a book there is high demand for it. We are consistently honing our skills so that we can sell our books in less than 30, 60, 90 days or more depending on the profit margins we wish to make with each one. It is insanely easy for us to make money using this system.

“To get rich, you have to be making money while you’re asleep.”    ~David Bailey ~

Having our money work for us 365 days a year 24/7 means we no longer have to work very much at all. Is there any job we could do where we could work 24/7? Obviously not, which is why it is paramount that we have our money work for us. As I’ve said before the feeling we get waking up every morning with more money acquired whilst we slept is priceless.

This system is not the only way to get rich. That’s a given. But for us it is the most effective way we have seen for anyone to become financially free within a short amount of time that requires no college education, no special skills, no internet marketing expertise or a lot of money to get started.

Another bonus for us is that we didn’t build this system. Jon Shugart & Luke Sample did. We just apply it. Could it be more simple? Probably not.

Next I will share what I wish I had known when I started book arbitrage and the ways you can benefit from knowing that starting out.

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Accountability In Profit Making

Accountability keeps us on track and is the gift that keeps on giving. Our expansion is assured because of it and our success is certain and accomplished as a byproduct. We love it.

“Vision without execution is just hallucination.”   ~ Henry Ford ~

Everyone gets ideas about how to become rich at some point in their lives. The only difference between those who accomplish it and those who don’t is action.

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The beauty of book arbitrage for us with Jon Shugart and Luke Sample is that the path to success has been so clearly laid out. They have left nothing to chance and given us the treasure map where X marks the spot for us to create certain wealth in our business.

We have been taught how to source books at low prices and sell at high prices by experts that are hugely successful with this business model and show up every week to answer our questions and help us to expand our business.

Imagine you had Henry Ford show up every week in your life showing you exactly how to become successful. Well….

Jon and Luke hold themselves accountable to the community by showing up every week. They are constantly expanding and upgrading their software which makes our lives easier, faster and of course more profitable on the backend. The power of their execution and intent of purpose inspires us as a community to be more accountable to ourselves and one another.

For our part we show up every day in our home business to buy books, reprice, do trades, and all the other tasks that it takes to run this mini empire. We hold ourselves accountable by showing up every week on the webinars that are there to help us grow.

Additionally we show up on Facebook to ask and answer questions with the community. Every week we blog our experience so that our journey may be of value to others and it is also an accountability strategy.

“What gets measured, gets improved.”   ~ Robin S. Sharma ~

It allows us to improve and grow our business because we are conscious of where we are and where we are going. Serving others and growing ourselves is a wonderful result!

With other members of our family, who are also creating financial freedom through this book arbitrage system, we hold weekly video calls where we discuss strategies and solutions and inspire each other to set and reach our weekly, monthly and yearly goals.

We schedule all of these activities so that we easily and systematically execute them. It requires very little effort because we have set it up this way. It’s what we do and who we are.

By holding ourselves accountable and by creating our lifestyle around our success we have made the road to success almost effortless and way more fun.

Masterminding our conscious financial freedom is not hard work. It is exciting. Holding ourselves accountable is easy when the goal is being reached daily, weekly, monthly and eventually yearly.

“Destiny is not a matter of chance; it is a matter of choice. It is not something to be waited for, but rather something to be achieved.”    ~ William Jennings Bryan ~

Accountability keeps us on track and is the gift that keeps on giving. Our expansion is assured because of it and our success is certain and accomplished as a byproduct. We love it.

Next, let me share with you some specific figures with you that we are accomplishing on our road to financial freedom. They are pretty cool.

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Jackpot City

I don’t know about you but working for ourselves from anywhere in the world in a business that is so predictable and profitable not to mention easy is the sweet spot for us.

If you knew a way, a certain way, of making profits that begin at 30% and go all the way up to 250% and even way beyond, that’s without knowing what you were doing, would you jump in?

That’s where we found ourselves in the Textbook season at the beginning of the year. We simply could not believe the profits that were available to us even though we had heard about it in our training. At that point we understood very little about how to deliberately profit from it.

man with fireworks

Now that we are coming into another textbook season and know what we’re doing we are primed to make even bigger profits. How fun is that?

We have joked that a trained monkey can make a lot of money in textbook season. ‘Jackpot city’ is a wonderful place to be when you are ready and the market is ready too.

Quite apart from the money that we made in the January/February textbook season and will make again shortly in the summer textbook season, it is exhilarating to watch the frenzy of sales and dynamic movement of profits on books.

The book market in July/August, when all the college kids return to school, is a hotbed of activity and I can only imagine (never having worked there) that it feels similar to the New York stock exchange on a bull run day, only the textbook market lasts over a month but with certain profitable outcomes.

There is no gambling. It’s purely a question of supply and demand and being in the right place at the right time to meet those factors. Since we keep building our inventory then textbook seasons to come will only grow in profitability. It’s a rinse and repeat system.

For example in our first textbook season we had 54 books in our inventory and we sold 22 of them which blew our minds at the time, one of our books was for a profit of 250% as mentioned above. For this season, August/September, we have 400 books so you do the math. Going forward it will only continue to grow.

Book - Medical Surgical Nursing 250%

It is exhilarating to source great quality books at great prices for our customers. To provide a service where they can get amazing value which then adds incredible profits to our bottom line is a win-win which is our lane for sure.

Book trading and arbitrage is a massively profitable business all year round as we are finding out but textbook season is a phenomenon which has to be experienced to be believed. It is amazing.

“The natural phenomenon of the universe is so mind-blowing, but you have to know about it. You have to be curious. You’ve got to find it on your own. If you’re lucky, you do.”   ~ Richard Linklater ~

To create financial freedom and independence in such a systematic, certain and scalable way is magical to us. Our entry level was low and thereby risk free. The pace we go at is our choice. The rate of scalability is our choice.

Our profitability is in direct proportion to our application of what we have been taught. So we are in charge of where we are and where we go from here. The exciting textbook seasons are exhilarating focal points for the year that add incredible fun and profitability to this business for us.

Our ability to engage in this business from anywhere in the world and make money brings with it not only money freedom but time and location freedom too.

I don’t know about you but working for ourselves from anywhere in the world in a business that is so predictable and profitable not to mention easy is the sweet spot for us.

Next, I’d love to talk to you about the power of accountability and how that has directly accelerated our progress in book arbitrage.

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