How To Make 100K A Year As A Bookseller Personal Use Ebook With Audio

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PUTTING IT ALL TOGETHER: HOW TO MAKE $100,000 EACH AND EVERY YEAR OR MORE FOR THE REST OF YOUR LIFE!

We have spent some time discussing how to spot the secret differences that make used books potentially valuable, even super-valuable. We've spent time discussing where to buy books. We've spent time discovering the great new marketplace called the Internet. We've learned the importance of describing books accurately to avoid returns and build a good reputation.

Now I'll illustrate exactly how to make $100,000 each and every year or more with some anecdotes and an overview of the process itself.

My brother and his wife were shopping recently in Canada. On the way back to their home in upstate New York they happened across an estate sale that was going on. They got there late in the day so a lot of the antiques and other more “obvious” items of value such as the furniture and silverware were already sold.

But, since he’s my brother and he knows a lot about used books because he had a good teacher (me) he picked up two boxes of books for $4. He took them home and gave me a call.

Let me tell you right now that what he told me is not an usual circumstance. In fact it is very common.

One of the books he picked up was a first edition of Thomas Handforth’s Mei Le valued at $125. Another was a rare architectural book valued at $50. The total value of the books he “picked up” for just 4 bucks was over $500! And it took him all of fifteen minutes.

Remember:

1. Used books are everywhere. You never know when they will come up at yard sales, church sales, library sales or auctions. So finding inventory for selling over the Internet shouldn't be a problem for you.

2. The most important thing for a beginner to understand about building an inventory is that you do not have to spend a lot of money to begin this business. All it takes is a few dollars and the right knowledge. Never spend more than a few dollars per book in the beginning.

Remember that the condition of the book, its edition and the demand for the book will determine the amount collectors will pay. Many times demand can be created for a first edition in fine condition. All that needs to be done is “get the word out” that a certain book has been found in fine condition and the market will quickly decide if the book is valuable or not. But the value will be determined, at all times, by the market.

4. With the books you have purchased locally you post them on the Internet through one of the four primary selling gateways:

-Database/Search Engines -Internet Auctions

5. This is fun. Knowing something that very few people know about and actually employing that skill on a regular basis is exciting.

Now, we have a framework for determining the exact steps needed to take in order to start making $100,000 a year. But first a few warnings:

There is a tendency for many who purchase this manual to begin buying everything in sight. Don’t do that. Begin buying slowly.

If you attend a yard sale and there are several boxes of books ask the yard sale hostess if you can rearrange the boxes -shifting the ones you want from the one’s you don’t want. This way you only take the ones that show potential. You don’t have to buy every one.

Also you don’t want to convey the appearance of being a “pro”. Act naturally, nonchalant and pleasant at all times. In other words, act like a typical yard sale attendee. Talk about the content of the books themselves, never discuss or ask the hostess if there are any “first editions” in the boxes. 9 times out of 10 they won’t know anyway.

After finding the books you want to purchase negotiate the price down. Even if they are only asking $4 for a whole box, ask them if they’ll take $3 or even $2! Hey, everybody does it and it seems more natural.

There’s nothing wrong about acting this way. You have the advantage of superior knowledge in these situations, use it, but with caution. If they did not do their due diligence and doesn’t know or care to know that they are selling a book for $1 that is worth $100 to a collector- that’s not your concern.

I'm not addressing the ethical issues raised here, I'm simply saying that as John Paul Getty said, "To get rich you need to know something that no one else does." They should have been as smart as you and purchased this manual for themselves.

I will assume for a moment that you have read the first 120 or so pages of this manual and that you are now so excited about the possibilities of profiting from buying and selling used books that you're on fire and ready to go do it!

Good! That's what I want to hear! But first, as I learned through much hard won experience in the stock market that, "Well bought is well sold". It’s good advice and applies to the used book market as well as the stock and bond market.

What it means simply is this: If you can buy a used book that you know is worth 10 to 20 times what you paid for it, at a minimum, then you have bought right. If you buy a book for $2 and can only sell it for $4, or 2 times what you paid for it- you will never make any money in this business. In fact, you won’t even be able to cover your expenses.

Of course, if your objective is simply to collect books, make a few dollars on the side and leave it at that, then that’s well and good. But, most of the people who have purchased this manual will be interested in maximizing profits from used, OP and rare books.

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