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:
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.