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It time for another give-way! This time you have a chance to win a free copy of the Amazon Boot Camp course by Jessica Larrew. This is the only Amazon FBA step by step training course out there. It’s currently selling for $297.

The Amazon Boot Camp (ABC) contains over 30 video-based tutorials on how to get set-up with FBA and start selling. This training series recently been updated in March of 2015.

Here are the videos in the training series.

Laying The Foundation
Understanding Amazon As a Business
Setting Up Seller Account
Planning For Expenses
Inventory Placement

Before You Buy
What You Can/Can’t Sell
Understanding Ranks
Items With Expiration Dates
Scanning At Home

Tools Of The Trade
Scoutify Scanning App
Amazon Seller App
Must Have Tools
Free UPS Labels

Sourcing For Products In Person
Big Box Retail Stores
Drug Stores
Discount Stores
Thrift Stores

Sourcing For Products Online
Laying The Foundation
Choosing The Right Items
Tools To Save Time & Money
Sourcing Walkthroughs
Frequently Asked Questions

Amazon Inventory Prep & Shipping
Preparing Your Products For Shipment
Sending Inventory To Amazon
Pricing For Buy Box

Amazon Seller Central Workflow
Requesting Category Approvals
Navigating Seller Central
Managing Inventory
Repricing
Checking For Sales

Accounting & Business Setup
Bookkeeping Basics For Amazon
Sales Tax 101
Setting Up Business Legally
Protecting Your Business

Frequently Asked Questions
Negative Feedback
Returns
Unfulfillable Inventory
Customer Inquiries

Bonus Modules
Inventory Lab Walk-Throughs
Selling Merchant Fulfilled
Creating & Promoting Amazon Listings
Negative Feedback

 

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How to Enter

I’m currently giving away two copies. Here’s how to enter the contest.

1) Look at the ABC Course and see if its right for you.

2) “Like” my Facebook Page.  You can find the link by clicking the image below.

facebook photo

3) Comment on this blog post.  That’s it.

 

How to Win

  • I will randomly pick two winners using a random number generator (Random.org).  For example, if the random number is 4, and you are the 4th person to comment – you win!
  • There will be two winners.
  • All comments must be placed before August 7th, 2015 at 11:59pm EST Time.
  • Winners will be announced on this blog a few days after the contest.

 

Small Print:

  • Only one comment per person please
  • You must ‘Like’ the Facebook page and comment on this blog post to be eligible to win

 

Good Luck!

* A special thanks to Jessica Larrew for making this contest happen.

 

 

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Here’s a quick video on to attach a scanner to your phone.

 

Socket Klip Case
If you have a Samsung Galaxy 4 or an iPhone 5, you can get a klip case that fits your phone.  If you have any other type of phone, you would need to get the universal klip case and attach it to a phone case.  You can get one on Socket’s website for about $20.

 

Socket 8Ci Scanner
This is my favorite scanner for scouting.  I’ve tested this on FBAScan and ProfitBandit, and it works well on both.  You can get one for about $195 on Amazon.

 

 

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It’s been over two years since I started tracking the stats of library book sales. I thought it would be interesting to the results of a profitable book sale. I will be showing the total profit, percentage of books sold, and impact of storage fees.

In June of 2013, I was on vacation in the east coast. While I was there, I attended a library sale in Greenwich, Connecticut.

Here are the results:

Purchases
Books Purchased: 335
Books Sold: 292
Percentage of Books Sold: 87%

Sales
Amazon Sales: $3015.45
Amazon Fees: ($1318.38)
Cost of books: ($234)
UPS Inbound Shipping: ($105.11)
Estimated Storage Fees: ($38)
Total Profit: $1319.96

Averages Per Book
Average Sale Price: $10.19
Average Amazon Fee: ($4.51)
Average Cost of a Book: (.70)
Average UPS Inbound Shipping Cost Per Book: (.31)
Average Profit per Book: $4.67

The graph below shows the month to month profits. All Amazon fees, cost of books, and UPS shipping have already been subtracted.  If you notice the first month’s profit is lower than the month two and three. That’s because my upfront costs were in month one (i.e. cost of books and UPS shipping).

The red bar shows the estimated storage fees. You will notice that impact of storage fees is relatively low – even on month 24. I just need to sell at least one book per month to cover the monthly storage cost.

 

Profit Per Month (in $)

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Book Sale Chart Two Years

 

The next chart shows the percentage of books that sold each month. As you can see most of the books sold within the first three months (64%).

 

Sell Through Rate (%)

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sell through rate chart

 

 

You can get similar stats from SourceProfit or Inventory Lab.  Want to list your books fast?  Try ScanLister free for 8 days.

 

 

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On Craigslist, there are three sections that I look at for resale opportunities:

1) Books
2) Garage Sale
3) Free

Books – Most of the time people are selling single titles or a few fiction books. However, sometimes people are selling their entire book collection. Students will often sell their textbooks here as well. I usually offer them half of what their asking for and negotiate from there.

Garage Sale – This section lists garage sales, yard sales, and moving sales. I always look at the description to see if it’s worth the drive.

Free – Occasionally people will give their books away. When this happens, you will want to respond quickly.

I use a website called IFTTT.com to get email alerts whenever books become available in these Craigslist sections. Here’s a video for further explanation.

 

 

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Sourcing Books at Yard Sales and Garage Sales

I’ve recently began sourcing books at yard sales. In the past, I gave up on them because they were too “hit and miss”. It was hard to gauge whether or not the sale had potential. Now, I search on Craigslist and do a little research before I commit to the drive. For example, here is one that I attended last month:

 

moving sale ad (1)

 

There are three things that stick out in this ad.

  • It’s a moving sale. Since books are heavy, they are one of the first things to go when relocating.
  • It’s listed as “Books, books, and more books”. That sounds like a lot of books to me:)
  • The books are described as “mostly science, math, and technical”. From my experience, all three of those non-fiction categories have extremely high profit potential on Amazon.

 

The sale didn’t disappoint. I ended up buying 40 books and 8 DVD sets. I paid $60 for everything. That comes to $1.25 per item. Here are some of the winners.

Objects, Abstraction, Data Structures and Design: Using C++
Sold for $73.84
Rank at Time of Purchase: 426,076

Analytical Mechanics by Grant R. Fowles
Sold for $93.99
Rank at Time of Purchase: 86,418

Giant Robo – Economy Pack (DVD)
Sold for $63.92
Rank at Time of Purchase: 133,405

After one month, 18 of the 48 items have sold (38%). Here are the numbers:

Amazon Gross Sales: $527.79
Amazon Fees: ($123.50)
Cost of Books: ($60)
UPS Inbound Shipping: ($16.80)

Total Profit: $327.49

Keep in mind that it’s only been 30 days since they’ve been for sale. I’m expecting more items to sell.

If you’re interested in getting automated email alerts whenever potentially deals become available on Craigslist, please check out this video.

The total profits from this yard sale were calculated using SourceProfit.com.  The Amazon Sales Rank data was recalled using ScanLister.com

 

 

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