The sellers who think sources of profitable book inventory have dried up have not read my go-to S.W.A.T. guide on the topic by Frank Florence.
About 15% of the inventory I sell on Amazon is books and other media (DVDs, CDs, VHS tapes, etc.), and the profit margins are huge.
I am STILL making those big profits thanks to what I learned from Frank Florence.
Need profit proof? Below is just a fraction of my very recent books and media sales:
It's really easy for nearly anyone to get similar results (and I put very little effort into sourcing books and media).
Below is my in-depth review of his just-updated-for-2013 ebook that I still use today
Frank Florence has already been established as an expert in the book-selling trade. His just-updated book 'Creative Sourcing for Booksellers' contains must-have information for online book sellers of any level of expertise.
The book draws on Frank's many years of experience as a bookseller himself, and provides valuable hints and tips on how to acquire the most profitable books at the lowest possible price. Success in the book business is about continually having new inventory coming in, as Frank himself says, 'You can't make money off of books you don't have'.
Frank has been so successful with his business that he has recently been able to embark on a 12 month tour of South East Asia, funded by his online business, which is still providing him with an income even though he is no longer in the country.
When Frank started out, he quickly realized that he was lacking the information he required to find the most valuable inventory. Over the years, he has acquired a wealth of knowledge which he now shares in 'Creative Sourcing for Booksellers'. The book guides the reader on how best to advertise for stock, locate the businesses which are most likely to dispose of valuable books, and even includes a chapter on other sources of compatible items which can be used to enhance the income from book sales.
Frank's expertise, accumulated over a number of years, is not just limited to books. With new software and technology appearing almost daily, the book highlights some of the websites the bookseller will find most valuable. From finding the right sale, to getting an instant valuation for a book, 'Creative Sourcing for Booksellers' contains a list of the best online resources the book business has to offer.
Frank also highlights some of the pitfalls of the trade and advocates careful research. Many booksellers who enter the trade first turn to remainders and overstock books. While this can be a good source of low value titles, the large quantities involved inevitably means that there is great competition among sellers of these titles, and they are often left unsold on the shelf.
The book business, like any other, is highly competitive, and building a successful business means staying one step ahead of the competition. Franks offers tips on how to find stock from sources not usually approached by other sellers. For example, he suggests approaching the campus bookstore at your local university. At campus bookstores, students often trade in unwanted volumes at the end of the semester. This can be a fantastic place to source recent material which is still of high value.
The book also shows how to approach local bookstores for unwanted inventory, and offers advice on how to acquire those hidden gems which most people don't even know they have. He also offers advice on advertising in all areas of the media, and even gives guidance on creating your own book buying website.
Frank Florence is a respected member of the American Booksellers Association. His years of knowledge shine through in 'Creative Sourcing for Booksellers'. It is an invaluable industry guide that will set you on the path to success.
A 2-YEAR Guarantee. I know Frank - he's a stand up, honest person and he backs his book with a 365(!)-day money back guarantee for. I'm adding another 365 days to that guarantee. So if you decide it’s not for you after the 365th day, email me and I’ll refund you 100%, out of my own pocket. You just have to buy 'Creative Sourcing...' via my affiliate link here. (I make a small amount of $ for the referral.)
Let me know how Frank's ideas are working for your business.