In a nutshell, we source good quality low cost used books for our customers, upgrade them and resell them at a great price. There are literally millions of books available to buy on-line.
We do not have any physical inventory. We buy books on-line and have them shipped to a book preparation centre (there are lots of great book prep centres to choose from) that confirms or denies the condition of the book, upgrades them where possible, and then send the books into Amazon and other on-line booksellers at our request. So far as international sellers we sell our books through Amazon and as we grow we will expand to include other sellers.
For your information used books are typically described in the following conditions, Used – Acceptable; Used – Good; Used – Very Good and finally Used – Like New. This is great information to have and you price accordingly for profits.
Where do you find books at great deals? The software offers allows you to find amazing offers at speed. Without it you could find great deals but it could take much longer. The software hones the search through filters that you set depending on your budget. This is what separates this software from others in the market along with the training and ongoing support.
Within two weeks of training you can be up and running. Where else in the world can you learn a completely new business model and be open for business in that time-frame? I don’t know of any and I have looked. That is what has been transformational about this business for us. From the very beginning we have been making money.
We sold our first book within 10 weeks of being open for business. It may not sound like much but after years of not making any money on-line we celebrated this sale with aplomb. When you can sell one book, you can sell any number of books. It hasn’t been all plain sailing and I’ll share more on that in another blog but this first sale changed our lives.
What I have found most astonishing about this training is the on-going support which has proved invaluable. Twice a week every week we have access to Jon and Luke with live training sessions via a webinar. This is unbelievably valuable because we learn something new from every session. All the most successful people who are using this business model say the same thing – keep learning.
On these sessions we can ask any questions and have them check our books live on air. Amazing! Experts looking over our shoulders at our inventory. Also, for an additional charge we have availed of our own private mentor which has accelerated our business understanding, growth and success.
Additionally, we are supported and support others through Facebook. This is a community of cheerleaders and everyone shares tips and tricks with everyone else. The market of book sales is so huge that there is an abundance of room for everyone, so everyone shares their wins, their challenges and within an hour most days we have any and all of our questions answered. Many programmes speak about an active community. This is by far the most generous, kind, informative community I have ever encountered.
So, in short, we signed on for training that had us up and running within two weeks, a whole new business. We receive on-going training every week. We have a community of cheerleaders who share their wealth of experience with us and us with them. We are in charge of our financial destiny – priceless!
Compound interest is the eighth wonder of the world. He who understands it, earns it….he who doesn’t…pays it. Compound interest is the most powerful force in the universe. ~ Albert Einstein ~
Here’s the real kicker for any entrepreneur…this business is really about flipping money. The books are the vehicle for flipping. Where else can you buy stock starting at less than a dollar all the way up to $500-$600 and get an average of 100% ROI (return on investment) sometimes more and sometimes less. The compounding effect of this business is extraordinary. Where else can you place your money and receive that level of return in such a short space of time?
Whether you are starting off with a big budget or with a smaller budget, as we did, as long as you follow the system and keep rolling your money over and over you will be successful. The results of our fellow booksellers as well as our own is predictable and sustainable.
Book arbitrage has been a game-changer for us and I haven’t even shared the other insanely profitable side of the business yet – book trade-ins. Hint: Free money. That’s for the next blog. Welcome to the party!!!
Ask me any questions you have below and I’ll be happy to answer them.