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How to Start An Online Book Selling Business When You're Broke

Uncategorized May 23, 2016

So you want to start selling books on Amazon but there’s two problems; 1) You’ve never sold anything on Amazon before and, 2) You’re broke! In today’s article I will give you newbie sellers some much needed encouragement.

The wonderful thing about books is that you can literally start this business with ZERO up-front capital. That’s right, you don’t need any money to start a book selling business. Countless 6 and 7-figure Amazon sellers(including yours truly) cut their teeth selling books and they started with the FREE sources (locations) of inventory.

In this video I walk you through, not only how to list a couple of books to be sold on Amazon (Merchant Fulfilled) but I do so by pulling and evaluating random books off of my bookshelf. Be sure to check out the video!

https://www.youtube.com/watch?v=WNA2jI30k1k

Where you can find FREE inventory:

I don’t care if you’re brand new or you’ve been selling on Amazon for over a decade, you should never turn down FREE inventory. Here are my top three places to find free books:

1) Your Personal Library:

Do you have a book shelf somewhere in your house? Does it have any Non-Fiction titles on it? If so, we may be in business! Start pulling random books off of your book shelf and start looking them up on Amazon. This can be done by either doing a title search or by entering the book’s ISBN or UPC number.

If you’re anything like me you may be hesitating at the thought of selling any of your books. My books, especially my Non-Fiction, make up what I consider to be a very valuable reference opportunity. The thought of selling a book that I may want to reference down the road makes me feel a bit uneasy. But, think of it this way. You want to start a book selling business. You want to have financial and lifestyle freedom, no longer having to submit to the authority of a boss or the schedule of a job.

These books could be the seed money to create that very lifestyle. Imagine waking up every morning with the freedom to spend your day doing whatever you want. Imagine swinging your legs over the edge of your bed in joyful anticipation of what the day is going to bring. You don’t have to slam that Snooze button any longer, you’ll be waking up to a new day that you don’t want to hid from. Trust me, it is such an amazing feeling.

Here’s the deal, sell those books and then when you hit a certain threshold of profitability down the road, promise yourself that you’ll buy those books back if you still miss them.

2) Your Family and Friends:

Tell the people that care about you that you are planning on building a book selling business and you are looking for donations. Tell them that the money earned from the books that they donate could be the ever important seed money, that will finally get your business off the ground. They will be investing in your business that will someday soon be the primary source of your family’s income. How cool is that!? How could your family turn that down!

The best way to do this would be to go through their libraries, using Amazon.com, and then picking out the books that you would like to sell.

If they hesitate, offer to sell their books on consignment, this way you don’t need to spend money up front (that you don’t have) to acquire inventory – but at the same time it is a mutually beneficial relationship.  Keep track of which books are who’s and when they sell offer to pay them 20-30% of the profits (which I think is fair).

3) Go Dumpster Diving!

I’m not even joking. Dumpsters that are not up against a building and are not in a fenced in area with “No Trespassing” signs are considered public domain. It is perfectly legal for you to go through the garbage looking for books.

The best dumpsters to find FREE inventory are Libraries (our local library fills theirs up every week), Used book stores and thrift stores. As we have mentioned in previous videos and articles most organizations view books that they can’t sell or lend out to be garbage.

There’s really no excuse. If you want this lifestyle bad enough the inventory is right there within your grasp.

Do you really want it? Forget the Tim Ferris 4 hour work week, how about the “No-Hour Workweek?” This could be your first decisive step in that direction. Do you want to know how I will be able to tell if you really want it? I’ll see action. I’ll see fruit.

Good luck! We’re here for you – and once you make your first sale be sure to let us know so that we can celebrate with you!

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