Compounding Money

If you think of a business expanding 8 fold in 7 months in its first year of business it’s pretty unbelievable and it is growing because we are rolling all our profits back in. The bigger the inventory the greater the speed of expansion and the more powerful effect of compounding.

“The smallest good act today is the capture of a strategic point from which, a few months later, you may be able to go on to victories you never dreamed of.”   ~ C.S. Lewis

At the time of my writing this blog we are over half way through our current peak season for textbooks. As I have stated before, textbooks sell all year round it’s just that there are 2 big bumper seasons (January & August) and one mini one (May) as well. It’s like Christmas comes three times a year in terms of a sales boost which is pretty awesome.2018 08 30th Sales Screenshot

 

As you can see creating over $2,000 a week is a substantial boost in profits and that figure will only continue to rise.

For our first textbook season we had an inventory of 54 books and sold 22, so nearly half our inventory. Roll on 7 months later and we have an inventory of 400 books which is almost 8 times the number of books we had in January and we are making weekly sales of $2,000 and more. Remember too that we have been selling books nearly every day in between.

If you think of a business expanding 8 fold in 7 months in its first year of business it’s pretty unbelievable and it is growing because we are rolling all our profits back in. The bigger the inventory the greater the speed of expansion and the more powerful effect of compounding.

If we were to open any well known franchise for any other kind of business we would never have been able to begin with just $1,000 and create this level of success (one of our community members started with $100 in the pot and has grown that into a multiple 5 figure business in 18 months or less). Not to mention we don’t have to deal with the hassles that come with running that kind of operation (franchise) with employees, insurance etc.

So, we are growing our own business that we can do from anywhere in the world. Our business is growing in a predictable and powerful way. We are continuously honing our  skills for working smarter and not harder. We are becoming wealthier.

white android tablet turned on displaying a graph

Our money works for us all day every day. The boost we get from sales in textbook season further accelerates our book buying power and therefore book profits so by the next peak season we will be hitting even juicier numbers. What’s not to love?

Next, I will share the value of great customer service and how that adds to our bottom line personally and professionally.

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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 Tipping Point

It is crazy fun to make money every day. I never factored that in, in the beginning just how exhilarating that would feel. Especially after so many years of trial and error.

The Cambridge Dictionary defines the Tipping Point as “the time at which a change or an effect cannot be stopped.”

I would agree with this definition because our book arbitrage business has taken on a life of its own and has its own momentum already.

blue and yellow graph on stock market monitor

The tipping point has happened to us with this book arbitrage business in that if we never invested any additional money into the business and just keep using the system correctly (and why wouldn’t we, we are making money) and continue to reinvest our profits our financial success is for certain.

How many things can I say that about in my life? Not many. The compounding effect of this business is proving “bananas” (unbelievably crazy). It really is amazing. Even if we only continued to make 30% profits on each of our books, which in the business world is crazy good but in this business is on the conservative side, our financial success is assured. This really is the foot in the door to true wealth creation for the little guy and gal.

Now that we know what we’re doing it’s way easier for us to consistently average 100% profits on our books and that’s year round. In textbook season we can add another zero onto that percentage as we are compounding our money every 30 to 60 days.

2018 06 08th Sales Screenshot

In this last 30 days alone we have sold 85 books. Momentum is really moving and it only keeps getting better. We are waking up every morning to more money in our accounts which feels amazing. Talk about sleeping our way to success….ha ha!!

Now this is by no means epic yet but the momentum and compounding effect is staggering already as we have a bigger pot to buy more books for next month and then the month after that and so on.

“A good system shortens the road to the goal.”    ~ Orison Swett Marden ~

I promised that I would share this journey with you so that you too can see how it’s possible even starting on a small budget in a step by step way. We have not done anything extraordinary to achieve this. We are simply following the system that Jon Shugart and Luke Sample have laid us for us all.

Our budget is growing every month because the sales are happening every day now. Our projected year end earnings should range in the six figure category and the compounding effect of that for next year is mind boggling.

The speed with which this is happening with this business is truly remarkable and revolutionary. Can you imagine the opportunities that we are opening ourselves to now that we will have real capital to invest in our future?

It is crazy fun to make money every day. I never factored that in, in the beginning just how exhilarating that would feel. Especially after so many years of trial and error.

If you are thinking, “that it’s nice for you Yvette but it probably wouldn’t work for me” or “is it really that good”, then read on in the next blog where I will explain how to manage the mind chatter that interjects doubt and procrastination into your world and what to do about it.

“If you correct your mind, the rest of your life. will fall into place.”    ~ Lao Tzu ~

The worst thing that could happen in the next year is that your mind convinces you to do nothing and continue to live the same life and have the same income. If you are already living the life of your dreams then bravo and continued success and happiness to you. This could simply add a “no brainer” extra income stream to your pot. Who doesn’t love that?

If you’re not living your dream life yet and money seems to be the barrier then I’m guessing that an additional €100,000 to €1,000,000 in the next 2 years could change that for you. With your kind consideration, I would love to remove that invisible obstacle (mind block) with you in just a few minutes in the next blog. Yes, that is possible too…

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