≡ Menu

Financial Results from Hiring a Book Sourcer

Last November, I hired somebody to go to thrift stores and buy books for me.  To date, he as now brought me over 7000 books.  Here are some of the financial results.

1.  What is a book-sourcer?
2.  Profits, ROI, percentage of books sold
3.  Pros and cons of hiring somebody to source
4.  How to track results
.

 

Free guide to hiring a book-sourcer:  http://www.booktothefuture.com/booksourcerguide

Tracking spreadsheet: http://www.booktothefuture.com/tracking

 

 

{ 22 comments }

8 Steps for Listing Books Fast on Amazon FBA

Everyone has different work flows for listing items on Amazon. Here’s an example of my favorite workflow for listing books with ScanLister in 8 steps.

1. Presort books by condition.
2. List books with ScanLister.
3. List on Amazon and convert to FBA.
4. Create a shipment. If Amazon splits the shipment, print the labels from the larger shipment first.
5. Label the books. If there are any books from the previous shipment, place those aside for later.
6. Put the books into boxes and place the shipping label on each box.
7. If shipment was split, repeat previous steps for that shipment.
8. Drop the packages of at the UPS store or schedule a pick up.

Here’s a video that shows the process in more detail.

.

{ 6 comments }

I’m pleased to announce that ScanLister is now integrated with Caleb Roth’s Tracking Spreadsheet.  Now you can speed-list your books into Amazon AND track your data!

The best part is that both programs offer a one-time payment option.  No monthly fees!

A quick reminder…

1.  ScanLister – List books and other items quickly into your Amazon seller central account ($20 discount for a limited time).

2. Tracking Spreadsheet – Quickly and easily create income statements, track consignment sales, analyze your profits by sales rank, measure your Cost of Goods Sold, view your return rates, measure your inventory turn rates, and so much more.  Price goes up to $120 on July 1st, 2016.

Here’s a short video on how to use them together.

 

Here’s a another video by Caleb Roth that’s much more detail oriented.

 

Here are some of the features of the Tracking Spreadsheet…

Sales Rank and ROI Analysis.  Should you rethink your sourcing criteria?  How many of your high-rank items actually sell?

Roi by Rank

 

 

Track your Profits by Source.  Which source is the best?  Which ones should you avoid?

track source 4-26-16

 

 

Units Listed and Percent Sold.  Are you meeting your weekly book sourcing goals?  How much of your inventory actually sells over time?

Units Listed and Percent Sold big

 

 

Analyze Inventory Turn Rates.  How fast does your inventory sell?  View weekly and monthly metrics.

Analize Turn Over Rates Big

 

 

Analyze Key Metrics.  Do you know what your refund rate is?  Now you do!

Key FBA Metrics

 

 

Create Income Statements.  For any date range.

Create Income Statements Big

 

 

Track Consignment Sales.  Commissions can be applied to total sales or net profits.

track consignment sales

 

That’s just a few of the things the tracking spreadsheet can do.  Check out Caleb’s website for more information.  The price goes up to $120 on July 1st, 2016.  You can grab it now for $99.  Price also include lifetime updates.

Also try ScanLister free for 8 days.  Monthly payment or buy-out options available ($2o discount for a limited time).

 

{ 0 comments }

Hiring Someone to Buy Books for your Amazon Business

Here’s a quick video on how I hire someone to find books at thrift stores.  I hired my first book-sourcer in early November.  As of today, he has now purchased over 1500 books for me.  This has been a great model since I can now spend all my time listing books instead of going out and trying to find them.  I’ve been able to save a ton of time.

 

If you want to know what I pay my book-sourcer and how I set the triggers on the scanner, please download this short guide.

 

 

{ 37 comments }

Repricing Strategy for Books on Amazon FBA

Here’s my latest repricing setting using Repriceit.  In short, I match the low FBA offer for my sub-condition or better.  If there are no FBA offers, then I price my items 25% 50% higher than the low merchant fulfilled offer.  In order to do this, I set up two templates.

The first template matches the low FBA offer for my sub-condition or better.  If there are no competing FBA offers, I set the default price to $395 (more on this later).

Here’s a screenshot:

Screenshot 2016-01-04 10.59.52

Screenshot 2016-01-04 11.00.15

 

The second template is based on price.  This will grab all of my $395 priced inventory and price those.

Screenshot 2016-01-04 10.10.27

In other words, it will be pricing my inventory that did not find any competing FBA offers to match.  I price these item to be 25 50% higher than the lowest MF price for my sub-condition or better.

 

Screenshot 2016-01-04 12.08.52

Screenshot 2016-01-15 20.47.22

In conclusion, I’m trying to match the low FBA price.  If there are no FBA sellers, I’m pricing 50% higher.  This is because FBA items can sell quite a bit higher when there is little FBA competition.

There are a few things to keep in mind:

  • I have to run template #2 about three hours after template #1.  For some reason, Repriceit won’t grab my $395 prices if I price template #2 right after template.
  • Repricers only see the FBA offers if they are within the top 20 competitive offers.  So this won’t be perfect, but it’s been working well for me.
  • If you try this strategy, make sure you have the min and max price set on your Amazon listings.  Otherwise Amazon will deactivate your $395 listings due to pricing error.  You can set the min and max price directly on seller central.  Also, ScanLister has the min and max price built in so you don’t have to worry about it.

 

End Note:  Repriceit is a perfect complementary software for ScanLister.  List your books in bulk and automate the pricing with a repricer.  Try ScanLister free for 8 days.  There’s a no monthly fee option as well.

 

 

{ 37 comments }