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Get Started in Online Bookselling - Minimal Risk, Minimum Investment, Maximum Profits


Author: Michael Mould

Would you like to learn a home-based business that is all but guaranteed to make you a few thousand dollars a month? How would you like to make $5,000+ per month? It isn't too hard to do, it does require some work, but it certainly isn't hard to learn. With the Internet at your disposal and the third-party services available, just about anyone with desire and a willingness to learn can run a home-based online bookselling business.

There are countless home-based business opportunities available, but few that offer the risk to reward ratio of online bookselling.

Getting started is not difficult, many people start with books they already have. About the only tools you need are a computer, printer, and for those that are really ambitious and want to be successful right away, a web enabled cell phone.

You can buy the books to sell from your local thrift stores, Friends of the Library bookshelves, garage sales, yard sales, church sales, estate sales, and a host of other places. The trick to being successful in online bookselling is to buy books for less than you sell them for - duh. This isn't hard to do either, you can do it with your cell phone and a friend sitting at a computer looking up the values online, or you can subscribe to a premium lookup service that operates from your cell phone for about $10 per month.

Once you have an inventory, all you have to do is set up an account with an online marketplace and list your books for sale at competitive prices. With millions of online customers buying books, the sales start coming in quickly. While Amazon.com does not disclose their book sales separate from their other marketplace sales, they did have over $62,000,000,000 in sales the second quarter of this year and books do comprise a very substantial portion of Amazon's sales. Why not take advantage of the opportunity and start your own home-based business selling books? If you learn how to do it properly the money you make will easily surpass what you might expect making in the fast food industry and there are a number of online booksellers making a very comfortable full-time income selling books online while only working part-time. I don't want to make it sound like it requires no work because it does involve time, effort, and knowing what you are doing, but if you set out with the right tools and a "can do" attitude, there is no reason to expect anything but success. I get regular emails from people that have read my book telling me about their successes, and I have not had a single person tell me they have failed using my book as their guide. Of course there are other books on this subject as well, and I would strongly encourage you to buy and read two or three of them before you set out to start your own online bookselling business.

Once you have started your home-based bookselling business, I would encourage you to join a community newsletter for the purpose of sharing ideas and keeping abreast of the marketplace changes. Consider it a "continuing education" mechanism.

In terms of income potential, it is difficult to quantify with any certainty, but a bookseller with an inventory of 3,000 books of general titles that has done his/her homework and researched the book values before purchasing them can easily expect to make $2,500 to $3,000 per month. Typically, it is relatively easy to find books for $1 to $3 that will sell online for $9 to $15, but again I want to emphasize that you need to KNOW the value of the book BEFORE buying it. It also is a good practice to understand the demand for a title before you buy it; this will give you an indication of how quickly you might expect to sell it.



Michael Mould's Last Articles :

An Often Overlooked Book Marketing Resource

Sell Used Books on Amazon - It Isn't a Get Rich Quick Scheme, but it is Very Profitable

Get Started in Online Bookselling - Minimal Risk, Minimum Investment, Maximum Profits

The 2006 Independent Amazon Booksellers' Convention and the Value of Professional Networking

Self Publishing and Marketing Your Book Online

Which Internet Marketplace is best for Online Bookselling?

Is There a Future in Online Bookselling?

Spring is Here: Turn the Spring-Cleaning Discards of Others into Profits for You

Successful Online Booksellers Avoid Buying Firewood - Know a Book's Value Before You Buy

Should I Open a Brick and Mortar Bookstore or Become an Online Bookseller?


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