From its humble beginnings, Amazon has come a long way. On July 16, 1995, the e-commerce behemoth was established as a site that simply sold books. Now, the online retail behemoth offers buyers a total of 350 million product options across its various marketplaces. Despite its enormous development, Amazon hasn’t lost sight of its roots.
As more people turn to buy books online, books continue to be a significant part of Amazon’s retail business. According to research by eMarketer, almost 62 % of all books, music, and films are purchased online!
1. Why should you sell your books on Amazon?
Other forms of entertainment are undeniably rising in popularity. People are increasingly spending their spare time watching television or playing video games. Americans, on the other hand, read for an average of 15 minutes every day. As a result, books are here to stay, and Amazon is where consumers go to buy books.
This meets the first requirement that any seller considers when selecting whether or not to offer a product: demand. After all, in the United States, 675 million books (print) were sold in 2017.
Audiobooks and ebooks, in addition to print books, generate billions of dollars in income each year. Every step of the supply chain offers opportunities for profit. As a result, it’s no wonder that we have a slew of rich authors. But it’s not only the huge fish. Many authors have been able to self-publish their work thanks to Amazon and ebooks.
2. How to Make Money Selling Books on Amazon
Create your account
The first step for any seller is to create an Amazon seller account. Every marketplace you want to sell on will require you to create a seller account.
You’ll have two options when creating your account:
Individual seller account
This is a completely free choice. While creating an Amazon individual account is free, you will be charged $0.99 for each sale you make on the site. There is additionally a 15% consolidated fee on those sales in addition to the set fee.
The monthly subscription charge for a professional account is $39.99 per month. There are also referral fees and variable closing fees to consider. A fixed fee for each item sold is not charged to sellers with a professional account. In a month, you can also sell more than 40 goods.
If you’re just getting your feet wet, I recommend starting with a single account. You have the option to upgrade at any time. Keep in mind that in order to offer restricted products, you’ll need a professional account.
List your books for sale on amazon
After you’ve created an account, it’s time to sell your book. In most cases, you’ll need to create a product listing for other items. This is a lengthy process in which merchants attempt to improve their product pages so that they appear appealing to customers and Amazon’s A9 search algorithm.
This is rarely the case with a book. Unless you’re self-publishing, the book will very certainly already have a product page. So, the most straightforward way to list your book is to see if it already has a page. Simply type the ISBN into the Amazon search field and press the ‘Enter’ key.
What is an ISBN number?
ISBN (International Standard Book Number) is a commercial barcode that uniquely identifies a book. Every ISBN code corresponds to a certain book. The ISBN number ranges from 10 to 13 digits. After January 1, 2007, all ISBNs will have 13 digits. On the back of the book, you’ll find the ISBN. The book will not have an ISBN if it was published before 1970. You’ll have to look for the book on Amazon Using theses titles.
If a book is already being sold on Amazon, its product listing will appear when you key in the ISBN and search for it on Amazon. If the book is already listed on Amazon, simply open the listing and scroll down to the Buy Box. You’ll see a button that says “Sell on Amazon.” When you click it.
You’ll be sent to a page where you must enter the following information.
SKU: The book’s code is going to be this. You have the option of entering a code or leaving it blank. If you leave this box blank, Amazon will generate an SKU for your book at random.
Price: This should be self-evident. Amazon provides a convenient option that allows you to match the lowest price.
Quantity: The quantity is set to one by default. Depending on how many books you need to sell, you can modify the number.
Condition: Depending on the condition of the book, Amazon provides five categories. They are: ‘New,’ ‘Like new,’ ‘Very good,’ ‘Good,’ and ‘Acceptable.’ Only new books, like any other product, can get the Buy Box. The ‘New’ condition option is not available for collectible books.
Fulfillment method: Select your preferred fulfillment method here. You have the option to fulfill the order yourself using FBM (fulfillment by merchant), or you may let Amazon handle it using FBA (fulfillment by Amazon) (fulfillment by Amazon.)
Note that the price of a book on Amazon is mostly determined by its condition. Those that are “new” will always be worth more than books that are “good” or “acceptable.”
Take a seat and wait.
It’s all about waiting for the sales to come in after you’ve put your books for sale. If sales are slow, you can always reduce pricing to stay competitive. When cutting your prices, keep your profit margins in mind. It is usually preferable to use FBM for books with low turnover.
If your book isn’t in high demand, Amazon FBA charges a monthly storage fee, which might eat into your profit margins. If you’re selling a popular book, always make sure you have enough stock on hand. Download your inventory reports on a regular basis to stay on top of inventory health.
3. A guide to book condition : while selling books on Amazon
When you list a book on Amazon, you’ll be given five options for describing the book’s condition. These options are supposed to reflect your book’s state and wear & tear. You must be able to determine the condition of the books you are selling with accuracy.
There is just one category for brand-new, unused copies of a book. There are four options for used books, depending on their condition.
New: This is a brand-new copy with the original protective wrapper still attached. No markings of any type are permitted in the book. It can't be labelled as a 'Bargain' or a 'Remainder,' and it can't have any labels on it.New: This is a brand-new copy with the original protective wrapper still attached. No markings of any type are permitted in the book. It can't be labelled as a 'Bargain' or a 'Remainder,' and it can't have any labels on it.
Used - Like new: Used books with minor cosmetic flaws like marks, wears, cuts, bends, or crushes are classified as ‘Like new.' If the book is a hardcover, the dust cover must be intact. There must be no notes on the pages. Remainder marks on the book's exterior edges are permissible.
Used – Very Good: Books having minimal flaws in their appearance. It's possible that the shrink wrap, dust covers, or boxed set case aren't there. The presence of remaining markings on the book's exterior edges must be noted in the listing remarks. Used – Good: All pages and the cover must be in good condition. There may be evidence of wear on the book. On-page notes and highlighting are acceptable. 'From the library of' labels may appear on the book. The book's shrink wrap, dust covers, or boxed set case may be missing, as in the 'Very good' category. Used – Acceptable: Minor water damage is acceptable in this category, unlike in the ‘Good' category. Although all pages and the cover must be present, shrink wrap, dust covers, and the boxed set case may be missing. It's possible that there are notes and highlighting. It is necessary for the text to be readable.
4. Where can I look for books to sell on Amazon?
Many Amazon booksellers begin by selling their own books. While this is an excellent way to make a quick cash, if you want to produce a consistent income, you’ll need to obtain your books in greater volumes. The majority of these techniques are for obtaining old books. If you want to sell fresh, unused books, you won’t be able to compete with the publisher.
These are the things you’ll need before you begin. A phone and a book scanning app are required. You may even scan your books using the Amazon seller central app. When you scan the ISBN code, the app will display the book’s price and BSR (best selling rank). When you scan a book’s ISBN code, the Amazon seller app will also show you the expected profits and FBA fees.
Are you prepared with your phone and a book scanner? Let’s have a look at how you can get a good price.
Used book sales
These are usually organized by a local library or a fundraising group. Book sales are an excellent way to get a large number of books for a low price. Before you buy a book, look it up online to see how much it costs. The more margins there are, the better. If you’re utilizing FBA to fulfill your orders, you may use the SellerApp FBA calculator to calculate your margins.
All you have to do is seek book offers on the internet. Craigslist, eBay, and Facebook’s marketplace are all excellent places to begin. Choose a book that is selling for a higher price on Amazon. Purchase the book. Amazon is a great place to sell it. Keep a lookout for ex-students selling pricey textbooks. These textbooks are generally costly, and whenever universities reopen, they will almost always be in high demand.
Thrift stores and bookstores that sell used books
Thrift stores are always full of bargains. Used bookstores are no exception. Check out every book that can fetch you a nice profit with your phone and scanner in hand. This may take some time, but it is typically effective.
On Amazon, this is pretty much the only way to sell new books. Purchase a large number of books. It makes no difference where you come from. When you buy in volume, you’re more likely to get a better price per book. The margins are normally the smallest, but if the books have a large turnover, you’ll still be in the black.5.
5. Tips and tricks for selling books on Amazon
Let’s look at how you may optimize your bookselling operations on Amazon now that you know how to identify the books and how to list them.
Textbooks are prohibitively expensive, particularly in the United States. As long as there are students, textbooks will always be in demand. This implies textbooks have high-profit margins and will always find a buyer, which is exactly what an Amazon seller wants. Students are frequently in a rush to receive their materials in the fall. That means they’ll often pay a higher price if you can deliver the goods quickly.
Seasonality is important.
Book sales, like any other product, normally pick up in the fourth quarter. I believe we can all agree that books make excellent gifts. This is why, during Amazon’s busiest quarter, you should make sure you have enough inventory.