I found the perfect example (It's getting close; 2 week warning)
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Understanding Sales Rank can absolutely give you an unfair advantage when it comes to scanning and selling books. Why? Because most book sellers still don't know what Sales Rank actually represents! A single Sales Rank that you see when you scan a book is great! It's definitely better than nothing, but it's not the whole picture. That one data point simply tells you how recently the book last sold on Amazon. Maybe it was months ago and the Sales Rank is in the millions. Or it's under 100,000 and likely sells multiple times per day. Or it sold yesterday for the first time in five years. Or it's an incredibly valuable book with a high Sales Rank that hasn't sold for a long time because it's been out of stock. A better way to read Sales Rank is OVER TIME. You can see how FREQUENTLY a book sells on Amazon when you can decipher a Sales Rank graph to determine how many copies of a book have sold over the past three months or even the past year. This book is a GREAT example. Imagine finding this book at a book sale or thrift store priced at $1. I guarantee you that if different book sellers scanned this book that some would buy it and some would not. Perception, Cognition, and Decision Training: The Quiet Eye in Action Here's the thing: depending on WHEN YOU SCANNED THIS BOOK, the Sales Rank could be as low as 150,000 or as high as 2,000,000. When you know how to interpret Sales Rank and read Keepa graphs, you can quickly and easily see that this book has SOLD FOR $100+ SIX TIMES in the past three months and THIRTY TIMES over the past year. So while this book may sell INFREQUENTLY (compared to other books), this book still sells CONSISTENTLY. And $1 into $100 is a no-brainer buying decision. These are the kinds of books that are frequently left behind at book sales and estate sales because so many book sellers still don't understand Sales Rank. They want their phone to tell them YES or NO so that they don't have to make decisions themselves. I still run into other booksellers at thrift stores and estate sales and many of them will say that they don't buy books ranked over 1,000,000 because they, "take too long to sell." Insane. DON'T BE LIKE THAT. Keep learning as much as you can so that you can become a successful and PROFITABLE bookseller! And the best way to do this? By attending the Books & Beyond Conference in Las Vegas where you can meet with hundreds of other successful booksellers! I'll be there as a speaker and I'll have a special announcement for everyone in attendance. The event starts in JUST TWO WEEKS! There is still time to book your ticket, but don't wait until it's too late. LOCK IN your ticket now!
And I'll have something super fresh and downright amazing to share with all of those in attendance. This is an event that you don't want to miss! Hit me up with questions. Chris Green I've scanned a lot of books to resell on Amazon. A LOT. In fact, I've scanned OVER A MILLION BOOKS to date. And that's one of the reasons why I'm good at it. The scanners and apps that are used today are SO MUCH BETTER than what I used to scan books with. Because of this, it's never bee EASIER to start a book reselling business online. If you're just starting, you're really going to want to use a scanning app and learn as much as you can about FBA fees and Sales Rank. But the biggest advantage a book reseller can have is EXPERIENCE. I've scanned so many books over the years that I do feel as though I have a type of 'sixth sense' when it comes to identifying good books to resell. Honestly, it's hard to even describe. But I can look at a stack of books and, while I'm not perfect, I can usually pick out the 'good ones' without using my phone. It's a combination of subjects, sizes, covers, the look, and the feel. It's not something that can be taught. You acquire this by repetition. So how can a new book reseller gain this skill? Easy! Go to every book sale and thrift store in town and SCAN EVERY SINGLE BOOK until you develop your own 'sixth sense'. But what if there was a FAST-TRACK way to get this experience without even leaving your house? Good news! I have a way to do this and I'll be revealing it in Las Vegas NEXT MONTH at the Books & Beyond Conference! Will I see you there?
And I'll have something super fresh and downright amazing to share with all of those in attendance. This is an event that you don't want to miss! Did you know that before FBA existed, I used to sell books on Amazon? This was before iPhone apps, before 4G, and even before FBA. I would take a database scanner (a Windows CE PDA) to book sales and thrift stores and literally scan every single book. I'd buy the good ones and list them on Amazon. I had to keep stopping by Lowe's on the way home to buy more book shelves to store them all. And every day, I would receive dozens of orders that I'd have to pick, pack, and take to the post office. Honestly, it was fun and good money. Then, FBA came along, and the rest is history. But I still love books! I've repeatedly said that they are the easiest way to get into selling on Amazon and making money online. Why? Because they are EASY! -Easy to find AND low cost (book sales, thrift stores, yard sales, estate sales) -Easy to identify (since they have barcodes and ISBN numbers) -Easy to transport, store, ship, and send to FBA In fact TO THIS DAY I still scan and buy books. There's just something about finding a $100+ book for $1 that never gets old. If you've always wanted to learn more about making money by buying and selling books, then I have some GREAT NEWS: The Books & Beyond Conference in coming to Las Vegas on September 13-15 and I'll be there as a speaker!
And I'll have something super fresh and downright amazing to share with all of those in attendance. This is an event that you don't want to miss! Hit me up with questions. Chris Green |