Arbitraging books on Amazon is a great way for anyone to earn a bit of extra money on the side.
It works simply: first, you identify the price of a book for sale on Amazon and then compare this price to various other marketplaces using our prices.
When you find a listing cheaper than Amazons, you have a winner. Then, you simply list the book on Amazon, keep an eye on the price, and when it sells, you keep the difference, which could be $5, $20, $100, or even $1000. All for simply sending a customer a book.
Opening an Amazon seller account is a straightforward process and the first step on your arbitraging journey.
Utilise our pricing macros or develop your own. Ours are tried and tested, with new ones constantly being developed.
A strong inventory is a profitable inventory. A profitable inventory is why you're here!
Keeping one eye on the market and learning its ebbs and flows will let you consistently profit!
Ensure your pricers can be utilised to the best of their ability!
This is a cyclical process of growing an original fund quickly and efficiently, far faster than the stock market or saving and more reliable than crypto or options trading!
A strong pricing strategy will ensure you are the cheapest item available on Amazon while still maintaining a strong profit margin.
It will help if you operate this under a registered company. This is an easy process that again takes only a few days, and some banks, such as Tide, do it for you. The advantages of this
Once you have a strong inventory that you are reliably earning money on. Reverse the process and head to the other marketplaces. These charge a fee to list, making amazon the better starting place, but once you're comfortably, there's no reason why you cant earn a bit more on Biblio, Alibris, or Abebooks
Dropshipping is against Amazon sellers' terms of service, so the correct way to send a customer their book is to send it to yourself, then pack it with your order slip and send it off to them.
Even though dropshipping the item is cheaper and gets the item to the customer quicker, they will catch you, and you will be banned.
