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MenuWould love advice on book arbitrage and best practices?
We need to know if anyone has done anything with https://zenarbitrage.co/free-trial
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Book arbitrage can be a great way to make extra income with Amazon FBA but it's not for everybody. While I don't have specific experience with the program you posted, I looked at the web page to see what they are all about. First, the link opened 10 identical browser tabs which is pretty suspect and feels spammy.
Their program is specifically geared to finding cheap books on Amazon that have few or no FBA sellers. You buy the books and relist them as an FBA seller at a higher price then pocket the difference.
I don't have any experience with this type of arbitrage so I can't say if it's a profitable method. If you're just starting out, I would go to places like library book sales and Goodwill to find cheap books.
There is a big movement right now for college students to find alternative sources for textbooks since they can be extremely expensive. This is an excellent opportunity to find cheap textbooks locally and sell them on Amazon. You make money and the buyer saves money vs. buying from a bookstore.
If you're considering buying this program, I would strongly recommend doing more research as there is a wealth of free information out there on book arbitrage.
A personal favourite of mine is Principle by Ray Dalio. For social media growth, this list includes a few book books to help you jumpstart your project: https://www.growthboost.co/blog/the-best-social-media-marketing-books/
Related Questions
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Is selling on Amazon that easy?
Compared to other business ideas, yes it is easy but it's not 'push-button' as many experts would have you believe (as they pitch you their $5,000+ training/services to help you). Selling products on Amazon is a business and the more you treat it like 'your baby', the much higher chance you will have with success. Also buying products in bulk and rebranding them (this is called 'private label' or 'white label') is just one of 25+ ways to get products to resell on Amazon. For more free information than you'll ever need to get started, check out my resources page at: http://jordanmalik.com/blog/resources (especially near the top under 'Amazon - Free Beginner Help'. Also (if you're interested in a high-quality, low price course to help you along), check out my free review guides/comparison charts of the world's best Amazon seller training at: http://jordanmalik.com/blog/asm and http://CourseComparo.com .... Good luck!JM
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What would be some top tips for Amazon FBA sellers starting out?
In my mind, private label and building your own brand/nich products is the way to scale on Amazon.LH
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How much is my Amazon FBA business worth?
A good starting point for determining valuation is 3x your annual profits. That said, you may find a 1 - 2X variance up or down depending on the type of product(s), the category or categories you sell in, your total number of SKUs, etc.TC
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Are there ways to line up verified buyers prior to your book launch that can write reviews on Amazon?
Yes; if you do a presale, those buyers will get the book immediately upon release. Include a message in either the front or back matter that encourages them to leave a review once they finish the book. You should also encounter them to join your mailing list, that way you can continue to build a relationship with them.TW
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How to change item info if it wasn't created by you on Amazon?
List your item against the wrong UPC code. This provided Amazon with all the correct information, including the correct photo. Then go back and mark your inventory at zero.. keep an eye on this as you don't want to sell the item as you might not have the wrong item to ship. Then email Amazon with the ASIN number and explain that you have piggybacked on the listing based on the UPC code but the detail page reflects the wrong item. Let them know that you have removed your inventory till this can be worked out. I included photos to show the UPC for the correct item. Ask Amazon to cleave the listing so you can list your item. Amazon cleaved the ASIN. I had never heard that term. What Amazon did was split the listings and assigned a new ASIN to the listing I started. This allowed both listings for one UPC code while Amazon looking into the questionable listing. You have to have a UPC code to list an item... or you need an exception from Amazon. You can't take an item that has a UPC code and add a non-UPC code item as a variation. The photos are slower than the text. When starting a new listing, the photos don't even start to be loaded until you have completed the listing. Just the way Amazon's system works.LS
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