Easy Come, Easy Go

Since profitable books come so easily, then it stands to reason that we be as easy as letting them go (sell) whether they’re profitable or not.

In book arbitrage finding profitable books is easy. There are so many of them, truly!

Sometimes, however, we can buy the right book at the right time, or too many copies of a book & over estimate it’s selling rate, or just make a bad decision.

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When that happens it can be tempting to hold onto the book to prove ourselves right or ‘wait’ for the market to correct itself for us, lol (laugh out loud)! Isn’t it funny how our minds work?

After you buy a book, in order to sell effectively, you must forget what you paid for the book – well nearly!

It’s not about being cavalier & reckless. It’s about trusting that you made a good decision when you bought the book – if you did & admitting it if you didn’t.

In book arbitrage when we do it right, which we do at least 90% of the time, we make profits.

How many other investments yield that kind of return??

However, if we become too attached to individual ROI on each book, we can delay our selling (re-pricing) decisions. You might say, well it’s only on one book but if you repeat this strategy over & over you slow the whole train down over time.

“Making a bad decision is one thing, but hiding or covering up bad decisions is another.” ~ Ken Johnson

In our community Luke Sample says over & over, “The market doesn’t care what you paid for the book,” so when it comes to selling it behooves us to remember this. The market isn’t personal so don’t make it so.

Since profitable books come so easily, then it stands to reason that we be as easy as letting them go (sell) whether they’re profitable or not.

I can hear your mind jumping up & down saying “Are you crazy?”

A book that is no longer profitable or could take months to rebound is a potential liability. Liabilities don’t create profits. Assets do.

By turning that money over & recouping your money & reinvesting it, in the mean time, your money is once again working for you.

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This thinking may require a mind shift. It did for me. It took me quite some time to really understand & apply this in our business.

The real power of this business is in the compound effect. Selling books over & over with constant profits daily even if each book isn’t yielding 100% profit is where the magic happens & the momentum builds.

Think about how 50% ROI on 10 books, 10% on another, 30% on 5 others, 100% of 3 others on a daily basis for example over the course of a year is more effective than doggedly holding on for no less than 100% on fewer books or worse still holding onto books that no longer sell.

It’s a no brainer when you consider the bigger picture, right?

“Champions keep playing until they get it right.” ~ Billie Jean King

Expecting 100% perfection even from the top sports people of the world is not attainable, so why would we demand that of ourselves?

Using Billie Jean King as an example above, in her career it wouldn’t be wise to expect her to serve 100% aces but if she was serving say 90% then I wager that put her in the top of her field.

If however, she dwelt on her bad serve & kept doing it over & over, progress would be more difficult to make.

pexels-photo-1811991The book business is exactly the same. Celebrate what you do well. Do more of that. Take inventory of your weak spots & work on correcting them.

When you buy a book that is not good, or the market changes from when you bought it, then selling it as quickly as you can & recouping your money is efficient. A bad decision doesn’t get any better with time.

Correct & continue & at least 90% of the time you’ll be golden. At least, that’s what works for us. Now, I’ll take that!

Next, I will discuss the necessity of growing outside of what was previously comfortable as a strategy for success & how to make it easy, well easier……

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Benefits of Giving

There have been many times, too many to count that members of our community have gone out of their way to assist us beyond what one would usually expect. It is a pleasure to do this for others too. The momentum of giving just keeps growing.

“We make a living by what we get. We make a life by what we give.” ~ Winston Churchill

It is true from an altruistic point of view that it feels wonderful to give to others. That has been well documented. When you feel good you are inspired and thereby automatically open to new ideas and opportunities.

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It is our nature as humans to give which is why it feels so good to engage in giving to others. When we give, we gain. When we give to others not seeking personal gain that is when we give the most and others benefit most powerfully.

When we are free in our giving and not expecting to get back in return from that person or circumstance, that is when we are in the most potent form of giving. Giving without expectation is pure giving.

From a bigger picture standpoint you may well be aware of the law of reciprocation which allows us to receive what we give or do. When we give we receive more back. It is a law of life and not just a feel good strategy. That is the way of things and the form of giving I am speaking about.

Just to be clear. We feel good when we give. Others benefit when we give. We then benefit in the act of giving and then receive more to give and the cycle continues.

Because we are creating book arbitrage as a success in every sense of the word we are deliberate in our spirit and application of giving as a strategy for expansion as individuals and as a business strategy.

We all benefit from that.

We are accomplishing this by writing this blog which supports individuals in their book arb journey. Having the success mindset as well as the system for creating wealth go hand in hand.

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One without the other not only leads to less success but less clarity or fun along the way. We are happy to share what we know, offering value to as many people as we can.

These blogs not only benefit our readers with its powerful content but us too as it causes us to focus on purposeful creation as a way of life. It takes the idea of giving from being an interesting one to a way of life.

We contribute daily to our Facebook community by sharing our insights and knowledge. The benefit to us is that we too learn more succinctly by helping others as we consider their issue and offer ways that we have solved it ourselves or could solve it.

This is a win-win already as we cement those strategies into our core by teaching what we are learning (that is the highest form of learning). We then are further supported and contributed to by our amazing community.

“Happiness doesn’t result from what we get, but from what we give.” ~ Ben Carson

There have been many times, too many to count that members of our community have gone out of their way to assist us beyond what one would usually expect. It is a pleasure to do this for others too. The momentum of giving just keeps growing. Boom!

In short, the more we give, the more we get. The more passionately we show up for others the more others show up for us too. Not only that but the more opportunities and magic manifests in our lives inside and outside of business.

Whenever we are speaking to others outside of book arb we also speak about the benefits of the system. The more people who create wealth in their lives with ease the better this world will be.

Not that it isn’t a fantastic world already, it is, but expansion is our nature. We were born to manifest our best lives and whilst book arb isn’t the only way to accomplish that, it is a certain way to create financial freedom and independence with a community of amazing people in a short amount of time.

The benefits of sharing what we have found with the world are salivating to ponder. We enjoy thinking of more ways to be of more gain to more people.

The blessing of that in our lives are already immeasurable and being a link in the chain whereby others can benefit as well, now that’s just the sweet spot!

Next, I will discuss the power of rolling money over and over in this business.

Click Here To Start Making MoneyBook a call with me today where I explain everything