Can You Still Make Money Selling Used Books On Amazon?

I have listened to many Amazon booksellers and read the "buzz" on forums and book selling sites.  It seems many are complaining and ready to throw in the towel claiming the profitable days of used book selling are over.

Well, the days of grabbing books for cheap and throwing them up online and expecting to make a profit are gone.  The profit margin on used books may be tighter forcing sloppy companies to shape up or get out of the business.  However, those companies and individuals who are willing to work hard and work smart will find plenty of profit in 2011!

Here are some words of wisdom for the coming year.

1.  Learn how to get books for free.
Some have snubbed their noses at book scavengers (as apposed to book scouting) but there is a real place and potential profits for book scavengers.  Those who are offering a service to the donating party can easily get books for little to no costs.

2. Only list profitable books.
The time for listing 99 cent books and below should be over.  Deal with books of a value of $1.49 or greater only if they have a very quick turn around.  Otherwise you should make sure you are dealing with books of $3.00 or greater - even if you got the books for free!  If you work the http://BenefitBookstore.com method you will find yourself with many, many books.  Don't fall to the temptation to list the cheap, slow moving books.  Instead activate the system and turn them into good through donations or recycling.

3. Make sure you have a  steady flow of books.
If you are going to make a profit, you are going to need to keep books moving.  In order to be able to deal with books that will make you profit, you will need to have access to a large supply of books to scan.  Now is the time to put into practice, effective methods of obtaining books.  Remember, Amazon and other online venues will do the selling for you.  Your primary business as an online used book seller is to find great books.

I cannot emphasize enough how important it is to have a system of getting loads of great books.  If you have not already put into practice an effective method, I urge you to try the BenefitBookstore.com method.

4. Keep an eye on your efficiency.
Get rid of unnecessary expenses.  If you are paying to have an online bookstore that is not making money, close it.  An inexpensive website that helps you get books is far more efficient!  Take a look at your shipping methods and materials and make sure you are shipping efficiently!

The profit days are not gone for used book sellers, but the day of operating any way you please and still making money is gone for nearly all online sellers.  With some new year shaping up you should be able to make plenty of profit in 2011!