Profits Everywhere

The ability to sell lots of good quality very cheaply sourced books and to turn them over for profit just makes sense.

“There are so many opportunities out there when you take a peak outside the box.” ~ Unknown

One of the areas of growing interest in book arbitrage is local sourcing. By that I mean, attending local thrift bookstores, library sales, college campuses & book fairs etc. and picking up books for $0.50c – $1.00 and selling them online for $12.00-$15.00 in a lot of cases & for $80.00-$100.00 in fewer instances but those are still available.

photo of book collection on top of table

The profit margin on the smaller priced books in themselves (in small volume) are not earth shattering after fees etc, however from a business ROI standpoint are still pretty healthy.

As discussed in previous blogs, to date some of the main reasons US based Book Arb business owners local sourced was for the benefit of feedback which is incredibly valuable in your health score but also for the benefit of velocity of sales.

In short, a busy store brings more customers. Amazon rewards busy stores with more customers.

The ability to sell lots of good quality very cheaply sourced books and to turn them over for profit just makes sense. Increasingly some Book Arbers in (and outside) our community are specializing in this model as way of creating compounding sales and profits.

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It’s a question of volume with locally sourced books but you get the picture. Truckloads of good quality cheap books sold quickly and easily every day doesn’t take long to grow into a big operation and big success.

Our US Book Arb community have the ability to physically local source, very inexpensively, adding this wing to their business. They store the books at home then when sold they pick & pack and ship the books to the customers themselves saving costs & making money.

Obviously there is more effort off-line with this model in the U.S. but this too can be outsourced & automated over time which is another huge benefit to the book business.

“Always think outside the box and embrace opportunities that appear, wherever they might be.” — Lakshmi Mittal, Chairman & CEO of ArcelorMittal

Even we as internationals who cannot physically local source are working on ways of benefiting from this avenue of income because of the ability to automate it.

We are members of a team of international sellers (from our Book Arb community) who are actively working on cost effective ways to add this structure to our business.

Initially we didn’t focus on local sourcing as a form of additional income that was feasible for us. Now we realise the potential in it for our business especially as it is something that we can set up once and then enjoy automated profits and sales on a continuing basis.

apple devices books business coffee

As internationals we have even tighter margins involved in local sourcing (they’re already pretty tight). We have additional costs of paying locals to find the books for us, the warehouse costs to store the books then the pick & pack fees when the books sell.

However, this method once set up will be hands off for us which is a huge benefit. We love automation, it’s automatic, hands free success……

“If opportunity doesn’t knock, build a door.” ~ Milton Berle

In the next blog I will discuss the benefits of being mentored by the best in the Book Arb business & why it’s so important to continue learning and growing.

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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.

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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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