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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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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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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Mindset is Everything

Our minds are our dream makers or breakers. Having our minds tuned to expect success and happiness is the key element to a fulfilling life in every way.

As alluded to in the other blog, mindset is what separates the wheat from the chaff when it comes to success.

As easy as this system is and it is easy, if your mind isn’t tuned for success it is easy to find a way to mess it up or at the very least slow it down.

sunset spanish point

We have been on this journey with book arb since October. We have had so much support through the training and community and yet it took a while for it to really sink in that this business is less about selling books and more about flipping money. Success is achieved through the speed of turnover of sales and ploughing the profits back into the business. This is what achieves breath taking compound auto profits. We bought good books or so we thought starting off. Now, we look at them and giggle. What were we thinking and yet mistakes are part of the road to success.

For most of the world mistakes can be viewed as something that went wrong, an inadequacy of some kind or that success is not meant to be. Believe me, I used to think the same thing as I created business failure after business failure. Now, though I have come to see that building in mistakes as part of the journey makes for success.

The biggest mistakes we made with this business were not reading the sales charts (keepa charts, more on these at a later time) thoroughly enough. Also, we kept holding out for more profits on every sale i.e. we did not reprice competitively enough in the beginning. However, once we realised that profits of 30% turned over quickly on every dollar many times a year amounts to way more than of 100% ROI annually. Very satisfactorily, we are beginning to see the results in our profits with that change of approach.

Compound interest is the eight wonder of the world. He who understands it, earns it ….. he who doesn’t ……. pays it.               ~Albert Einstein~

We may have been spoiled during the one and a half bumper season we have experienced so far (there are typically 2-3 textbook seasons throughout the year, Jan-March, May to Jun & August to October when college kids do bulk buying) when we were commanding sales from 100-250% ROI (return on Investment) and expecting that to continue. Not that that is not achievable over and over again but not every day!

The other invisible impediment could well have been that I was so used to not achieving success that when it came wrapped in a big red bow, like this one did, that it took me a while to really understand that making money is easy. Of course, there is work involved but now we’re creating money that will make a life-changing difference to our families and it’s just a rinse and repeat system now that we are getting it down.

The other exciting element for us is that others in the community who are a year ahead of us time wise, using this system, are already working one hour a day and creating tens of thousands of dollars in income.

The velocity and speed with which success is possible with this has been amazing for us. It’s why we put the last of our savings into this. It’s why I walked everywhere and took buses for six months having put the money to purchase our car into the business. Now, I’m not talking a Ferrari, at least not yet, I had put aside €1,000 to put towards purchasing a second-hand car but having that money work for us to get us to where we are now has been worth it. Next year I will be in the happy position to buy any brand-new car I desire.

There will be many more posts about mindset as that is my area of passion. Our minds are our dream makers or breakers. Having our minds tuned to expect success and happiness is the key element to a fulfilling life in every way. We are finding financial success with this system transformational. Having this part of our lives squared away is clearing the way for success to show up in every other area of our lives too.

In the next blog I will describe some of the key habits I perform daily that makes success with book arb a certainty. After all, success is a habit too.

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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.

white ipad

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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