Last June I took a road trip up to the northeast to see New York City and some other places. I hit several thrift stores on the way up and went to a couple library sales in NY state and Connecticut.
Here is my experience from a sale in Greenwich, CT.
My goal is to not only profit from this book sale, but I also want to document the sales revenue over a one, two, and three month time period.
Where: Greenwich, CN
Library: Byram Shubert Library
Advertised on: BookSaleFinder.com
Number of Books at Sale: 25,000
Dates Attended June 7th-9th
Price for the Books:
Friday: $2 Soft Cover; $3 Hard Cover + a $15 entry fee
Saturday: $1 Soft Cover; $2 Hard Cover
Sunday: Bag Sale $7 a bag
Dell Axim x51 PDA with a Socket Scanner attached to the top. I used Asellertool for the software. (I have two scanners; one with Asellertool and one with Neatoscan.)
My strategy was to “buy many and buy low”. My buying criteria was probably lower than most of the booksellers at the sale which gave me a nice competitive advantage. My minimum Amazon price requirement (non-FBA) for softcover books was $4 on Friday, $2 on Saturday, and 2 cents on Sunday.
I attended the sale for all three days, and I ended up buying 335 Books. I listed and packed them up in a nearby motel room and shipped them out via Amazon FBA.
One Thing I learned:
The one thing I learned from this sale was that children's books have value. I normally skip these books. I found many that have a non-FBA price of $5 or more. This is a double win because these are usually priced low (25-50 cents) AND other booksellers tend to ignore these books.
Books Purchased: 335
Cost of Books: $234
UPS Inbound Shipping: $105.11
Total Costs: $339.11
Books Purchased with a Sales Rank above One Million: 82
Sales Numbers: (Last Updated on August 2014)
Books Sold: 272
Percentage of Books Sold: 81%
Sales Revenue (after all Amazon Fees): $1549.24
Here are the individual transactions from the sale. These numbers were taken directly from InventoryLab.com. Get a one month free trial.