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Hi, this is Nathan holmquist, hope you're doing well, for this video I'll show you some
sales that happened today and what my strategy is and what I've been up to lately. And so
for the first book as you can see technically this is a penny book, the lowest used price
is 1 penny plus shipping for merchant fulfilled sellers, but if you scroll down, all these
are inacceptable and good condition. When you scroll down and get to the very good,
really you're at a 5 dollar book. So just because the lowest price is a penny doesn't
mean it's worth a penny. About 80 to 90 percent of the books that I find, I sell them as very
good condition. So that's just one thing to keep in mind. And I actually sold this one
on fba for 9.95. so just because it's worth a penny doesn't mean you have to sell it for
a penny on Amazon fba. You can mark that up, and I've been experimenting with the bottom
of 9.95 lately. I believe after fees, it's about 5 or 6 dollars that's left to me. Keep
in mind that I probably paid about 50 cents for this book, so that adds up. Sometimes
I'll go to a book sale and I'll buy 200 to 300 books and that's a pretty decent profit
margin.
Here's another one that sold today. Lost children of wilder. And for this one you can see that
the used price has a buy box with the fba price of 9.99. so as a seller, you have a
huge advantage when you sell on fba. Because you show up in this buy box here. So let's
pretend your name is on buyer. You're gonna go on here, you see the new price that's 15.93,
and you're gonna see the used price of 9.99. most likely you're not gonna mess around down
here too much and look at the merchant fulfilled even though it is cheaper, because all you
have to do is click on here. It's 1 or 2 clicks. You get the book in 2 days. Buyers are busy,
they're not gonna want to mess around with these books down here. That's another huge
advantage of fba. And sure enough this one sold at 9.95, here's another one, the lowest
used price is 1.20, and I sold this one at 9.95, tears of a warrior. And here's another
one that has a buy box of 10.99. and as you can see that is a huge spread between the
lowest non fba and the fba price. It's a 1.11 all the way to 10.99, so you have advantages
when you're selling on fba. And this one sold for 9.95. so as you can see, you get tremendous
advantages of selling on fba. You can sell the lower cost books, you can set the minimum
price to 9.95, 8.95, 11.95. you just have to make sure there's not too many other fba
competitions selling that same book. You can get away with it when there's 1, 2, 3 other
sellers. If there's 20 other fba sellers, then it's probably not a good idea to buy
that book. Most of the scanners and apps on smart phones where you check the prices show
the Amazon fba prices so you have all of that information at your book sales. So I just
wanted to show you what I'm up to, all 4 of these sales were today. I know it doesn't
seem like much, 9 dollars, 10 dollars, but it really adds up when you buy these books
cheap and you sell them in bulk. If you have any questions or if you want to view any more
of these experiments that I do, I'm posting all the book sales I go to, and I'm posting
the profits and what I buy them at and sell them at, just go to booktothefuture.com and
thanks for watching this video.