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How to Embed the Sales Rank into your SKU Number

Have you ever checked  your Amazon sales and wondered what the sales rank was at the time of listing?  For this post, I’m going to show you how to do that. Plus, I’m going to show examples of books that sold recently with a bad sales rank.

Embed the Sales Rank into your SKU Number

The best way to do this is to attach the sales rank to the end of your SKU number.  It can be very tedious to do this manually, but you can do it automatically using ScanLister.  On top of ScanLister, select “sales rank” on the SKU Prefix #2 box.  See screenshot below.

Screenshot 2016-08-02 10.13.15

As you can see the SKU of the first book scanned is BookLister-000001-11837.  The sales rank (11837) is now at the end of the SKU.

 

Examples of Books that Sold with a Bad Sales Rank

Here are some examples of books that sold within 3 months with a sales rank above 2 million.

Example #1

Title: Cultic Doctrine of Seventh-day Adventism

Rank at Time of Listing: 4,155,841

Date Listed: April 13, 2016

Date Sold:  May 18, 2016

Days Until Sale:  35 Days

 

Example #2

Title: The Church, the Clergy and the IRS

Rank at Time of Listing: 3,232,387

Date Listed: April 4th, 2016

Date Sold: May 16th, 2016

Days Until Sale: 42 Days

 

Example #3

Title: Cannabis: From Pariah to Prescription

Rank at Time of Listing: 2,959,485

Date Listed: April 21, 2016

Date Sold: May 12, 2016

Days Until Sale: 21 Days

 

For more examples, please watch the video below.

 

 

 

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

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

 

 

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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.

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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).

 

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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.

 

 

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