Learn how to build a $10,000 Amazon book business step-by-step in 90 days.
You’re probably familiar with the phrase “Different strokes for different folks”. I’d like to propose a slight tweak to this popular saying to make it relevant for booksellers: “Different wages for different pages”. Now before you start rolling your eyes at that bad pun, allow me to explain what I mean in this week’s post.
Last weekend I attended a bookseller’s dinner in Louisville. It was a fantastic networking event and there were lots of lessons to be learned from all of the attendees. Even though we were all “competitors”, everyone was excited to be there and to learn from each other. I believe that everyone who attended the meeting was able to walk away with a few ideas on how to build their own business more efficiently. In what other industry can you have a friendly meeting with your competition?? I truly love this business and have a great deal of respect for the booksellers who are willing to share their business insights with others.
There were a few topics of discussion that stood out in my mind:
The biggest takeaway from the evening was getting to look inside the various business models of the attendees. No two businesses were exactly alike, and several were on completely opposite ends of the spectrum! The used book industry allows you to pick a business model that precisely fits your personality and lifestyle goals. Here is a small sampling of the various models that were discussed:
Whether you are just starting out on your own book venture or are looking for ways to tweak your current model, you can learn something from each of the business models described above. In my opinion, it is important to start out doing everything on your own to make sure you understand all of the complex nuances involved in sourcing, listing, and pricing your books. Once you have a solid grasp on the fundamentals of this business, you can be as creative as you want in finding ways to scale your empire, either on your own or with the help of a team.
Thanks for reading! If you have other business models that weren’t described in this post, please share your story by commenting below. I’d love to learn about other angles to consider with the used book market.
As always, happy flipping!
Howdy! My name is Caleb Roth and I have dabbled in selling books on Amazon for the past decade. In late 2014 I decided to approach my business more seriously, switched completely over to FBA (Fulfilled By Amazon), and haven’t regretted it for a second!