Saturday, March 29, 2008

Amazon is one of many internet companies that allows third-party sellers to use their site. Students in college sell their text books, while some try to develop a business model that can generate a significant income out of their home. Is it possible to make money selling books? The answer is yes, but it is becoming more and more challenging for new sellers to compete with those who have been in the industry for years. There are many advantages that can help a new seller to stay competitive with selling.

Here are a list of items that help with book selling.

1.) Inventory (The books that you list to sell). This is the industry secret. There are sources that some sellers have that assure that the books they purchase will generate significant returns on their investments.
2.) Web based management tool such as The Art of books. www.theartofbooks.com
3.) Postage software such as endicia. www.Endicia.com
4.) A practical way to shelve your books for space and efficiency.
5.) International shipping companies that will help you stay competitive in the World wide market. Brokers in the industry.
6.) Postage software that allows you to work with USPS to get discounted shipping rates.
7.) Understanding the fee structures of all the different book venues such as Amazon, Ebay, Abe books, Alibris, Barnes and Nobles, Half and Biblio.
8.) Buying Envelopes and products for the business. There are companies that will sell envelopes for fractions of the cost of other dealers. You should average between $.18 - $.24 on all of your envelopes. If you do enough business you can even get the price down to $.09 an envelope.
9.) It is important to read through blogs and forums from other sellers.
10.) Repricing tools. A good repricing tool will always keep your prices competitive with the whole market without selling your books below the profit margins that you desire.

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