I get a lot of questions regarding my repricing settings. I currently use Repriceit.com which is affordable and does most of the things I would like. Here’s a screenshot of one of my settings.
In this case, I’m matching the low price for my condition (whether they are FBA or not). If Amazon is selling the product, I automatically price 10% below them. My minimum price is $9.95.
The winners Proven Amazon Course Giveway have been chosen! There were 353 comments before the deadline, and the random numbers were 55, 84, and 148.
…and the winners are:
1) Verl Humpherys
2) Maria DiFonzo
3) Aarty Punjabi
Congratulations! The winners have been notified via email.
It that time again…time for a comment contest. This time I’m giving away 3 copies of the Proven Amazon Course. This is currently selling for $300.
What is the PAC?
This was the first course ever introduced on the subject of Amazon FBA. It started in 2010, and it has been growing and growing ever since. Content is always being added.
Here are some recent additions:
Proven Private Label – A step-by-step course showing how anyone living anywhere in the world can succeed selling Private Label Physical Products on Amazon, eBay, Google (Or Anywhere Else).
Product Sourcing Master Class – 30+ high-profit product sourcing strategies from two of the most experienced names in the eBay / Amazon world – Dave Espino and Jim Cockrum.
Import Profitable Product From China – A complete guide to importing inventory from China (and many other countries) from a 22+ year Importing veteran.
Get on AZ – A webinar training series teaching non-U.S. residents how to get on Amazon U.S.
Here’s How to Enter:
1. Click on the Proven Amazon Course link above and see if the course is right for you.
2. Comment on this post. Any comment will do. That’s it.
How to Win:
- I will randomly pick three 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 three winners.
- All comments must be placed before June 19th, 2015 at 11:59pm EST Time.
- Only one comment per person please
* A special thanks to Jim Cockrum for allowing me to run this contest.
I’ve done a lot of blog posts on finding books at bookstores, thrift shops, and library sales. While these can be great sources, it can be difficult to establish an ongoing relationship with these sources. You may get a lot of inventory, but you always have to go back for more.
In this post, I’m going to talk about the benefits of establishing relationships with private contacts. For example, in the last couple of years, I’ve been contacting people on Craigslist who are selling their own private collection of books.
Here are some benefits.
- The valuable books have not been filtered out
- Once they know you’re a real person who pays with real money, they will most likely do business with you in the future
- They will often refer their friends and family to you
Here are some tips that I’ve learned along the way.
- I’m always upfront and tell them that I’m a “book buyer” or that “ I buy and sell books”. This almost always leads to more sales or referrals.
- After the initial purchase, I ask them if they have anymore books to sell.
- I give them a business card that says, “I buy book collections”. Or something to that effect.
- I save their email or phone number in my contact list. Then a few months later, I can follow up with them to see if they have anymore books to sell.
For a real life example, I received this email from a private contact a few weeks ago.
She also included the pictures in the email as well.
After researching two or three of the books on Amazon, I knew this was a no-brainer.
After Amazon fees, I’m expecting a net profit of $400. Not bad, considering she contacted me. All I had to do was meet her in public place and pick up the books.
For this blog post I’m going to document the sales rank at the time of purchase and see how long it will take a certain book to sell. I’m hoping this case study will shed some light on the Amazon sales rank.
Last October I went to a bookstore and bought 65 books. I documented the sales rank at the time of purchase. I will list the date purchase, cost of book, sales rank, number of days until sale, and sale price.
I’ll start with the worst ranking books first. All the books arrived in Amazon’s warehouse on October 29th, 2014. As of March 2015, 44 of the books have sold.
Title: Handbook of Lipoprotein Testing
Sales Rank: 2,925,635
Number of days until sale: 62
Sale Price: $47.98
Title: The Wilsonian Century
Sales Rank (at time of purchase): 2,572,376
Number of days until sale: 104
Sale Price: $9.95
Title: The Baby Boomers Grow Up
Sales Rank (at time of purchase): 2,115,590
Number of days until sale: 18
Sale Price: $33.26
Title: The Recurring Dark Ages
Sales Rank (at time of purchase): 1,872,428
Number of days until sale: 73
Sale Price: $22.84
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