HOW TO MAKE MONEY BY SELLING BOOKS ON AMAZON

Since Amazon has a worldwide popularity for selling an extensive list of top-notch goods and it would be injustice if we forget that Amazon was first started as an online bookstore in July 1995 with an investment of $250,000 in the start-up. Later on, Amazon got expanded and listed millions of products but book selling is still a huge revenue generator on Amazon. 

In this article, we will guide you step by step on how to sell books on Amazon. 

SET UP YOUR SELLER ACCOUNT  

If you are new on Amazon and selling for the first time then set up your seller account first of all on Amazon so that it allows you to proceed further. You can get amazon account setup guide and service from urtasker  

TYPES OF SELLERS ON AMAZON 

Books on Amazon can be sold by two types of sellers, i.e. individual sellers and professional sellers. 

INDIVIDUAL SELLERS 

If you sell less than 40 products per month then set up your account as an ‘individual seller’.   Selling fee for individual sellers is different than professional ones. Individual sellers are those who sell on Amazon as a hobby and do not have large inventories. 

PROFESSIONAL SELLERS  

On the other hand, if you sell more than 40 products a month then choose your account option as ‘professional seller’. Professional seller account type is recommended when you have a large inventory and want regular income. 

BUILDING INVENTORY 

Before you list your books, your prime focus should be on building the inventory. It is really simple, if you have old books at home that are of your no use, you can list them. Also you can find books from a nearby shop that you can easily sell on Amazon with profit, you can list them too. If you are looking for an easier way then you should go for ‘online arbitrage’, where you can visit online marketplaces other than Amazon to find books at cheaper rates, make your purchase then list them on Amazon at a profitable price. However, wholesale method is another useful way of building your inventory. Make a deal and collect books on wholesale at lower price then list them on Amazon with a profit margin.     

FINDING RELEVANT BOOKS TO SELL ON AMAZON 

You never want to list those books that people will not buy. So, you should use few tricks to find the relevant books to sell on Amazon.  

Every product that is listed on Amazon has a ‘BEST SELLERS RANK’. Find those with the lowest best-sellers rank because they are more often selling on Amazon. Suppose a best-seller is ranked as #1 on Amazon which means it sells more copies per day than the one that has been ranked #150. So, this is how you get the idea which books are right to sell on Amazon. 

Here are a few tools that can be used to easily calculate how a book will be sold out on Amazon right after you purchase it. 

KEEPA: By using Keepa, you can determine how the best-seller rank of a specific book has changed with time which is helpful for predicting the upcoming sales of the respective book. The premium version of keepa costs $149 dollars per year. 

JUNGLE SCOUT’s FREE ESTIMATOR TOOL: All you need to do is to just simply put in the book’s category along with its best-seller rank in the market you are selling to calculate the monthly sales, i.e., if a book sells 10 copies per day then we conclude that it sells 3,000 copies per year. 

AMAZON’s MOBILE SELLER APP: Many sellers use this app to make their lives easy while building the inventory. This app comes with a built-in scanner that gives the approximate profit, best-selling rate, FBA fees, official category and total number of sellers. 

FULFILL ORDERS 

After building your inventory with relevant books, the next step is to choose the method of fulfilling your order. You can fulfill your orders on Amazon in two ways: FBA and FBM 

FBA: In this method, you can just simply ship your products to Amazon and Amazon takes care of shipping your orders to your customers across the globe and also takes care of storing them. Although it is a little expensive but saves a lot of time and effort. FBA method is recommended for professional sellers. 

FBM: If you go for this method then you have to ship your orders directly to your customers which is time consuming and takes a lot of effort. This type of method is recommended for Individual sellers only. 

LISTING BOOKS ON AMAZON 

After following the steps mentioned above, you are now able to list your books on Amazon. The simplest way to list is to go on the product page of the book you want to sell and start listing there. When your listing is done, the book shows up on the same page. If you want to access the product listing page, just simply write the books’ ISBN (registration code) into the search bar exactly how you do when you are buying a product from Amazon. Many people get confused where the ISBN is written? It is present on either the barcode of product or inside the dust jacket of that book.  

After listing your book, simply press the ‘SELL ON AMAZON’ button then you are permitted to sell and then a page opens up where you suppose to enter the following information: 

SKU – YOUR PERSONAL CODE 
PRICING THE PRODUCT 
QUANITY OF THE PRODUCT 
CONDITION OF THE PRODUCT/S YOU ARE SELLING 

FULFILLMENT CHANNEL – FBM OR FBA 

ENDLESS REVENUE 

After all the efforts of registering your account on Amazon to listing the right products, the time to enjoy the perks comes. 

If people like the books you have listed, they will be sold out like hot cakes and generate endless revenue.  

Suppose you are a professional seller who is selling 250 copies per day with 50% profit rate then you can easily make thousands of dollars per month. 

It is concluded that selling books on Amazon is super beneficial in 2021. 

Frank Meyer

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