Doug, yes- thank you, I did read those right after they were posted. I’m not taking offense, like I said- I just want those who are interested in this to not get discouraged. Just because Linda and Bookworm were kind in how they were saying things does not make it any less discouraging for those interested.
At this point I am fine with just agreeing to disagree and stop hashing it all out. The enemy is loving how distracted I am with this and I know we all have better things to talk about, anyway. So 🙂 🙂 🙂 and peace!
In an effort to turn things around and be constructive, I’m going to go through and make sure I answer all questions…….
Sara B said…..”But as I was comparing prices on Amazon for sellers, if I did the “pro” one (which is what you’re doing, I believe), I’d barely make any money if I sold a book for $2 even if I only paid a dime for it to begin with. Like $.30 or $.40. If I do it the non-pro way, again paying a dime for a book and selling it for $2, I’m in the hole more than $1! So I am curious how in the world you’re going to make any money if it costs you $1 to buy a book.”
I wouldn’t advise you to sell any book where the lowest listed used price on Amazon isn’t at least $6 higher than what you paid for it.
Bookworm said…..”Jenn, I think you should be more up front about the costs of doing this. For many of us, even a $100 smartphone is completely out of reach, and service plans for smartphones are much, much more expensive than for basic cell phones. Even if I managed to scrape up the money for the phone, where am I going to get the money for the minimum $240 a year more that the service plan costs?”
I wouldn’t advise anyone to buy a cell phone and/or cell phone plan until they would be profiting enough to make it a wise investment. I chose to do it because my husband gave me the go ahead and we will be sending enough books in per month to make this a wise investment. I would be wasting money buying books blindly without the app that I need to get this live info from Amazon. I use FBA Scout. It costs $40/month. If I sell 7 books (remember I don’t buy any books that will not profit me at least $6, then this will already be paid for. We have 100 books so far that we will be mailing in. I plan on going book scouting at least every Friday morning without the kids (my dh has Fridays off) and maybe more with the kids. While I’m thinking about it, someone mentioned one could not do this business successfully and have a family life. I disagree. Working together as a family IS a family life. I want to impart a good work ethic to my children. I bet a few of you living the country/farm life- how do you do that and still have a family life? 😉
Bookworm said……..”You also have to realize that many, many books LISTED for high prices on Amazon have been there literally for years. Stores with big overheads can hang onto a book for 3 years waiting for someone who will pay $70 for it. Some of those people are NEVER going to get for their book what they are asking. When I decide what to ask for a book, I’ve usually been watching the price for a while, looking at ACTUAL prices paid for items on places like Ebay. Half.com, Alibris and more. If one begins doing this, one should realize that there are no guarantees that the book will sell. I personally don’t have the space to keep large numbers of books around for years. If you really want to know what a book is worth, you need to look not just at asking prices, but at actual selling prices.”
There is no overhead when using FBA besides the very minimal storage fees. Remember this is a numbers game. Read the book “The Long Tail- Why the Future of Business is selling Less of More” by Chris Anderson. Also, one can always bring the price down if they want it to sell more quickly, but they could be leaving money on the table. Better to wait for the right buyer to come along than leave money on the table. Bookfinder.com is the best place to go to get an accurate picture of what a book is worth. When pricing, always make sure your price is below that of what Amazon is offering and remember to add $3.99 to the lowest used price if you are an FBA seller. Otherwise you are not pricing accurately.
Going to post this now since I have a tendency to spend time posting and loosing it, but I’m going to continue to answer questions……..
(smiley face, smiley face, smiley face……….)