Book Buying Precision

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.

“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.blur book stack books bookshelves

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.

accomplishment accuracy accurate achievement

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.

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Pack A Powerful Punch

By us focusing on just 3 of the many powerful strategies in the Book Arbitrage business these small but systematically used techniques have had a powerful impact on our ongoing business.

To accelerate our profits we are following several strategies as recommended by the creators of this book arbitrage opportunity i.e. Jon Shugart and Luke Sample to great effect. Anyone in the community who follows these strategies see ongoing wonderful results too.

men s black blazer

“Energy and persistence conquer all things.”   ~ Benjamin Franklin ~

One of the most important strategies to ongoing profitability in book arbitrage is REPRICING. Amazon reward active accounts by exposing those books to more buyers. We reprice daily which lets Amazon know that we are actively working on selling our inventory. This way we sell more books and Amazon continue to display our bookstore to more customers.

I think of it as flinging open the doors of a brick and mortar bookstore with a banner to let our customers know that we are open for business. In addition to using Amazon’s automatic repricing software we spend some time every day manually repricing to ensure ongoing sales. Our bookstore may be virtual but our due diligence isn’t and our resulting profits are real.

Another strategy we apply is we buy our books based on RETURN ON INVESTMENT (ROI) and sell them based on the market. What I mean by that is when we purchase a book we do so based on the ROI we expect to get based on the Keepa charts e.g. 100%. However, by the time the book arrives in Amazon via the book prep centre the market can have changed somewhat so we now sell based on the current market value.

Keepa Chart Example 001
Keepa Chart Example

We do not hold out for the 100% return on investment any longer unless the market is still selling at the percentage. We immediately reprice our books to sell which could be for a profit of 60%. That’s still a whopping return. Initially, however, we made the mistake of holding on too long and waiting for the market to go back up.

This meant that instead of receiving a profit of 60% within 30 days and reinvesting that profit 2 or 3 times we held our books at a price set for 100% ROI which took in most cases 90-120 days to recoup, based on what we had originally paid for the book, and we thereby missed out on a lot more profit in the meantime.

This is an important point in this business. The market doesn’t care what you paid for the book. Sometimes, especially in the beginning with a small inventory we can become attached to our books or our return on investment figure. This slows the whole process way down.

The way to grow this business is speed of sale and reinvestment of profits. In the above example we could’ve had 180% return with the same money, had more sales i.e. profits, more activity on our account and thereby even more sales and expansion. This business is about flipping money as quickly as possible through the sale of quality lower priced books.

Having this as your premise for your business will accelerate your profitability and ensure that your financial freedom comes quickly and easily. Who doesn’t like that?

Over time it will be possible to hold out for more profits but until we are at the hundreds of thousands in sales mark, the above strategy is the most effective by far to get us there.

The third strategy that I would like to share is to regularly change the FILTER SETTINGS in the software when searching for books. There are literally millions of books available to buy on-line. Jeff Bezos, founder of Amazon recently revealed that Amazon has over 100,000,000 prime customers.

That’s our target market. So there are hundreds of millions of books and there are at least one hundred million customers available. That’s powerful supply and demand by any standards.

Book Arb Filter Results
Example: Results from 1 Filter Setting

By changing the filter settings even slightly on my search for book deals a whole new array of books are accessed. For instance, I may put books with a low ‘sales rank’ e.g. 100,000 (this means it sells really fast) and ‘price used’ between $10-$15 in the search filter. I could then change this filter setting to a sales rank of 200,000 and set the used books price at $30. This will then give me a whole new set of books in my search results to choose from. There are so many settings available and each search presents new opportunities thereby an almost endless supply of books.

“Motivation is what gets you started. Habit is what keeps you going.”   ~ Jim Rohn ~

Taking this approach to our business model ensures that we are active, dynamic and successful. With this method we are really finding that there are no limits to how successful and financially free we can become.

Next, I will discuss the power of creating a compelling emotional vision for your business. This will mean that you no longer try to get there but you are coming from there which makes all the difference.

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The Sweet Spot

The hardest part for us as I’ve said before was realising that it’s easy.

It is as it sounds. Oh so sweet!!

The sweet spot for us is that we have passed the point of needing to invest any additional capital to grow this business to six figures this year. The money is compounding itself. We have the system down and it is growing exponentially. By next year and certainly within eighteen months we expect to be well on the way to seven figures. It’s a first for us so we are really excited.

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What kind of investment of money did we make? We put an additional €5,000 into buying books by getting a loan. This allowed us to build our inventory very quickly. Where else could we have the opportunity to turn €5,000 into €100,000 within a year? And it’s only year one. Selling books this way is a vehicle for flipping money quickly even when starting with small money pots. That is why I love it so much. It’s an opportunity for the little guy and gal to get their foot in the door and make life-changing money.

Within the community there are varying budgets. Some begin with unlimited budgets and scale at a much greater rate than ourselves and then there are some that start with $100 and scale more slowly and steadily and others then everywhere in between that.

You don’t have to be great to start, but you have to start to be great.      ~Zig Ziglar~

The starting point does not matter. The important thing we have found is to put your boat in the water wherever you are and get going. Once we saw for ourselves that it works consistently it’s been an easy transition to success since. The hardest part for us as I’ve said before was realizing that it’s easy.

We continue to buy books based on ROI (return on investment) and sell based on the 2018 05 30th Sales Screenshotmarket. With the nuanced buying that we’re doing now we can pretty much predict our sales going forward because we can send our books into Amazon ready to sell and turn our money over within 30-60 days. Consistently rolling our money over that many times a year is rewarding us with an insane annual ROI.

I am writing this blog because this book arbitrage system is a vehicle for real wealth creation that can work for anyone who does it. I have always been passionate about helping others to move the needle for themselves and this is by far the simplest and most effective way for Joe Bloggs (average person) to get started on exponential financial freedom starting on a limited budget within a relatively short amount of time.

For many years I signed up for lots of programmes that promised a lot but did not deliver. This system and these guys are the real deal and I am delighted to say our lives are changed forever because of it.

This journey is rewarding on so many levels. Yes, the money is fabulous and changing our lives because we are finally in charge of the money we create in our lives. That right there is reward enough. For us it means so much more.

Tom and I will be together working from home by the end of the year. Our dream. We will be able to work from anywhere in the world as it’s all on-line. Delicious. Our confidence in ourselves because we are becoming successful entrepreneurs has changed the way we move through the world.

Our expectations of what is attainable has expanded and within our reach over the next few months. Our ability to take of ourselves and the people we love most is truly fulfilling. Our extended families are also creating real world prosperity through this system and with that comes familial satisfaction and empowerment of those around us in a big way.

The friendships we are forming within the community and the epic support that is available is so wonderful and unlike anything we have ever experienced before. We really are all in this together and helping each other to reach our financial goals and it’s why this programme has proven priceless for us.

In my next blog I will describe some of the mind chatter that we had to remove which has made this whole process seamless for us on the inside as well as the outside. Remember the joy is in the journey.

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