I’ve recently began moving most of my book inventory into the Fulfillment by Amazon program. Fulfillment by Amazon (FBA) is a great way to sell fast selling books – not as good for scarce or rare books. The basics of how the system works is – you convert your listings to FBA, print and label each book, put them in boxes and ship them to Amazon with a UPS special rate (about 25-30 cents per book).
The beauty of the system is that you can actually make a little money selling penny books ($1+) and some money selling books that are worth under $10 that otherwise probably wouldn’t be worth selling… here are my FBA #s from the past 30 days:
- 120 books sold
- Amazon payouts $540 (includes fees and UPS charges)
- cost of inventory $76
- total profit = $464
$464 isn’t bad considering that I only invest a couple hours a week into the program (I try to send in at least 50 books a week). The key is that you need high quantities of books – I average about $3.87 profit per book (many of these are mass-market fiction).
I will be blogging about FBA extensively in future posts – if you would like to learn more, there is a great ebook available by Nathan Holmquist Selling on Amazon’s FBA Program – I learned everything I needed to get started from this info, check it out!
Authors bio is coming up shortly.
