![]() ![]() The app will either tell you to “accept” or “reject” a book when you scan it based on: You can change these triggers yourself, but they provide a good starting point. How to Determine Which Books to Buy to FlipĬharlie said he relies mostly on “triggers” built into the Scout IQ scanning app to tell him if a book is worth reselling on Amazon or not. It’s hard to manage and change prices manually when you have hundreds, or even thousands of products listed.įor now, he’s leaving it in the hands of the app to calculate the prices for his books and it’s been working out well. Still, prices are always changing on Amazon, and Charlie has lost money on individual books. Theoretically, this helps prevent a downward spiral on price as sellers race to undercut each other. When there are multiple sellers, Amazon tends to rotate the “buy box” so everyone has a chance. The software Charlie uses automatically prices up his books to match the lowest Prime offer for the same item on Amazon. How Do You Deal With Competitors Selling the Same Books? Related: Here are some of top ways to make money in college. He often contacts the student online, makes an offer, and will have the books on his doorstep by the time he gets home. The niches that are selling well for Charlie are:Ĭharlie lives in a college town, so he’s always finding college textbooks for sale at the end of each semester. This will help you keep your personal and business expenses separate, and earn additional rewards. If you can, it probably makes sense to buy your inventory with a business credit card. In fact, books are great items to flip because they’re so widely available and it’s easy to determine market pricing. He uses his phone and seller app to scan the books on his screen to quickly pull all the information. *Charlie has a cool tip when looking through Facebook marketplace. , and other local classifieds and selling apps/sites.Other places he regularly finds books to sell include: He doesn’t remember the exact book that was his first pickup, but he found something there to sell. Here's how to get it done.Īdd to Spotify Where to Source Profitable Books to ResellĬharlie’s first trip was to a local Goodwill store. Label printer – For labeling goods with Amazon’s shipping details.īuying low and selling high is the fastest way to multiply money.A couple popular options are the Opticon OPN-2006 and the KDC200i. Bluetooth barcode scanner – Most smartphone cameras do this free, but this makes the process faster.Accelerlist – Software to list items on Amazon ($30/mo) – This saves Charlie hours of time manually creating listings.Note: Amazon has a free “personal” seller account if you want to test the waters, but you’ll be charged $0.99 per item sold and there are some other restrictions.Īs he started selling more books, Charlie invested in a few more tools to scale up his business and process items faster: The database version is also much faster!Ĭharlie said this (and an Amazon seller account $40/month for the Pro account) is all you need to get started reselling items on Amazon. If you have a weak data connection while sourcing, you can download a database of the latest prices for $44/mo. This version pulls the latest pricing information from the Internet while you’re out scanning items. It’ll also factor in Amazon’s seller’s fees to give you a profit figure. “And I’ve been addicted ever since.” What Tools and Startup Costs Are Involved in Flipping Books?Īs mentioned above, Charlie uses Scout IQ, an app that scans book barcodes and tells you how much that book is selling for on Amazon. “I just downloaded Scout IQ and just jumped into it,” Charlie told me. One of them put Charlie in contact with someone reselling books, which piqued his interest. He wanted to find a side hustle that would bring in some extra cash without pulling him away from the house for hours at a time.Ī couple of his friends were selling stuff on Amazon. “I wanted to find something to find some extra money,” Charlie told me.Ĭharlie had a toddler at home, and another child on the way. The Inspiration to Start Selling Used Books Charlie’s #1 Tip for Side Hustle Nation.How Much Time Does Flipping Books Take?.How to Determine Which Books to Buy to Flip.How Do You Deal With Competitors Selling the Same Books?.Where to Source Profitable Books to Resell. ![]() What Tools and Startup Costs Are Involved in Flipping Books?.The Inspiration to Start Selling Used Books. ![]()
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