I started reselling over a year ago because I wanted to makes some extra cash for my travel budget slush fund and I wanted to explore new avenues to manufacture spend. During the last year my focus has entirely been on online arbitrage. \u00a0Meaning, I look for deals online and flip them on Amazon. \u00a0I ended up having way more success than I expected. \u00a0I ended up finding a product (Hydro Flask beer growlers) that I was able to flip for 6-7 months. \u00a0My profit after the deal ended was around $4,000. \u00a0Not bad for little side hustle.<\/p>\n
The profits wetted my appetite for more. \u00a0Unfortunately, online arbitrage takes a lot of digging around online and the ROI is not always great. Once I find something profitable I tend to just focus on that and move as much of it as I can until the deal dries up. \u00a0It is not a great business model. \u00a0I also don’t have a lot of time to be spending online hunting down deals. \u00a0So that got me thinking about shifting gears, and that is where used books step in.<\/p>\n
If the FBA blogs about flipping books are to be believed the margins look very promising. \u00a0Pick up a book for $.50 or $1.00 flip it for $12, $20, or more. \u00a0I currently have a few books listed on Amazon that I found at thrift stores that sell for $100 that I picked up for $2.25 each. \u00a0At these prices I can pick up a lot of inventory on the cheap with potentially huge profit margins.<\/p>\n
Aside from the profit margins it also takes less time for me to source inventory than online arbitrage. \u00a0I went to thrift store during my lunch a couple of weeks ago and in 45 minutes I found 8 books for $18 that should earn me over $200 in profit.<\/p>\n
It all seems a little too good to be true, so before I send in a shit ton of books over the next few months and potentially saddle my self with Long Term Storage Fees, I want to run an experiment. \u00a0I currently have 50 books with Amazon. \u00a0From what I have gathered I should expect to double my investment within 30 days and sell 25% to 50% of my inventory within 60 days. \u00a0Thus far my investment has been $70. \u00a0I probably still have another 20 books to send in and then I will pause and see how things play out over the next 60 days. \u00a0If the returns are what I am hoping for than I will probable go full tilt and aim to send in 100-200 books per month and see how things shake out.<\/p>\n","protected":false},"excerpt":{"rendered":"
I started reselling over a year ago because I wanted to makes some extra cash for my travel budget slush fund and I wanted to…<\/p>\n","protected":false},"author":95,"featured_media":1886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n