“Nobody ever lost money taking a profit.” ~ Bernard Baruch
Since this business is about flipping money which translates as buying and trading books for a profit it is important that you know how to buy the right books.
Let me short cut that process for you now. Remember, the crux of this profit rolling business is buying and trading used books from merchant fulfilled say on Amazon and reselling them at a higher price on Amazon Prime. Customers who buy on prime will often pay much more for a book just to get it faster.
Also, please bear in mind that this process can be repeated with countless other booksellers too. It’s just that Amazon provide safety nets that are pretty extraordinary in terms of support and money back guarantees which is why we started here and advise others to as well.
With that in mind searching for profitable books on the software provided with this system makes this process so simple. We have found it most effective to place as few filters as we can to search for books in our desired price range.
For example, with book arbitrage we might put the setting at $3 to $20 in the Used price, $50 in the 6 month average price with a low sales rank of 400,000. This then displays pages and pages of potential books that meet that criteria. The deals really stand out this way.
Once we have seen a deal we check the prime prices of books already for sale and ensure that our desired profits are attainable within the first 3-5 listings of these books. We allow room to price up and down and this ensures that we know we can sell our books quickly and easily.
If this sounds simple, it is, and don’t let your mind throw wrenches at you. Making money easily and quickly is the best way to make money despite what we may have been told in the past.
The constant speed and repetition of sales is not only exciting but very profitable. As I mentioned before it is the compounding effect of rolling profits quickly that is the magic bullet with this and is why we are all able to become so wealthy so easily.
With trading books we simply open up a topic of study, say for example chemistry. We then press an extension button which instantly shows whether books on that page are eligible for profitable trade-ins that day or not. If they are we simply lock in the trade and the buy the book, send it to the bookseller and pocket the difference. If not then we simply repeat the process on the following pages.
There you have it. The steps to the magic of buying, selling and trading books easily and consistently which is the same thing as saying making money easily and consistently. Since there are unlimited filters available you can purchase an almost unlimited number of books to suit your budget. Then just rinse and repeat.
We really have to pinch ourselves with how powerfully and quickly our book business is taking off using this no-brainer system. We are incredibly thankful for this opportunity which again as we mentioned before is changing our lives.
“Compounding is the magic of investing.” ~ Jim Rogers
We have been able to flip money beginning with as little as $5 on books which is growing into multiple figures now. Where else in the world is it possible to make such big returns from such humble beginnings? This is the system whereby the everyman/woman on the street can become wealthy.
In the next blog I will share some of our sales numbers from textbook season which is upon us which should really emphasize the momentum of compounding sales and profits.