Used Book Expert Reveals The Secrets Of Making Easy Money In Your Spare Time, Selling Used Books From Home

Can You Really Make $200 a Day Part Time Selling Used Books Online?

Starting your own used book business is easy and can be quite profitable. It can turn into a new career or be something you do part time, in just an hour or two a day. In fact, you could make $200 a day working part time at it, and before you know it, you'll be on your way to success selling used books online.

The most important factor in your success is picking the right kind of books. It can be tempting to sell fiction books, but chances are you're not going to make top money selling a John Grisham novel that everyone else is selling. Maybe you can make a dollar here and there, but those are not the books that'll bring top dollar.

Instead, some books you should consider:

Rare books (scarce first editions can bring you some nice money)
Cookbooks (specialized areas such as ethnic cooking are particularly popular)
Children's books (especially ones that are out-of-print)
History books (books about the Civil War and other specialized topics are always popular sellers)
How-to books (books in steady demand include home and car repair, as well as business and self-improvement)

There are also books you should avoid. It's hard to make a lot of money with these:

Art books (generally large in size and hard to ship)
Computer books (these become outdated fast)
Encyclopedias (these days more and more encyclopedias are online, making the traditional printed version hard to sell)
Travel books (these lose their appeal and demand once a new edition is published)
Mass-Market Paperbacks (you'll only make pennies selling these)

After you've gotten your books, you're ready to begin selling them. When thinking about prices, don't assume you need to pick the lowest price, especially if your book is in better condition than the copies going for the lowest prices. You still stand a good chance of selling your book if you pick a reasonable price, not simply the lowest one possible. A good system is to look at the prices being offered, discard the lowest and highest, and then average the rest. That could be your best price.

And lastly, ship your books quickly, and do what it takes to make your customers happy. Shipping the books promptly and in the condition you promised will make your customers want to leave positive ratings and reviews, and keep the business rolling in.

It's quite possible and not too difficult to make $200 a day in the used bookbusiness with only a part-time commitment. Pick the right books, price them at a reasonable rate, and pack and ship carefully and promptly. Before you know it you'll be selling a lot of used books and making a nice profit.

To learn where to find the best books for pennies on the dollar, read Used Books Into Gold, from HeadStart Publishing. It's available only at: http://extraincomebulletin.com

Craig Wallin is the author of over ten books about home-based businesses, including Used Books Into Gold, and the editor of Extra Income Bulletin, a resource about honest, home-based businesses you can start on a shoestring. To learn more about starting an online used book business, go to: http://extraincomebulletin.com

Article courtesy of used book expert Craig Wallin

4 comments:

Moky in AZOctober 11, 2012 at 8:32 AM
Hi STeve! I just devoured your book and I have a question, regarding tax time: does Amazon supply us seller with any kind of form at the end of the year, or what should I do to prepare for tax time (I assume I will sell my books.... ).

Thank you!
Steve JohnsonOctober 13, 2012 at 8:37 AM
That's an excellent question. When you're running this like a business you will need to keep track of gross sales and all expenses. A competent tax preparer will be able to guide you on what you'll need to do for your own state and federal taxes. Since tax reporting depends on so many different factors, I'd recommend that you check out the in-depth detailed explanations at Amazon.com which covers this very nicely. You can find that page here:

http://www.amazon.com/gp/help/customer/display.html/ref=help_search_1-6?ie=UTF8&nodeId=200663310&qid=1350141924&sr=1-6

Here is the guidelines in a nutshell:

Reporting & Document Retrieval
Will I receive a Form 1099-K for my seller account?
For each calendar year, if you had at least $20,000 in unadjusted gross sales and 200 or more transactions, a Form 1099-K will be provided to you. If you did not meet both of these thresholds, you will not receive a Form 1099-K. We will track your unadjusted gross sales and number of transactions. You will also be able to tell if you have exceeded the thresholds by monitoring your unadjusted gross sales and number of transactions in your seller account.
When can I expect it?
Amazon will make available to you a copy of your form on or before January 31 of the following year. If you did not consent to electronic delivery, the form will be postmarked on or before January 31 of the following year and will be mailed to the address provided by you in the tax interview. If you consented to electronic delivery, Amazon will send an e-mail to you on or before January 31, of the following year, which will include instructions on how to retrieve your Form 1099-K. For more information on the Form 1099 filing instructions, please visit the IRS web site: http://www.irs.gov/pub/irs-pdf/i1099gi.pdf.

I hope this helps. Thank you for ordering and reading my book, I hope it helps you start making extra money working from home selling used books! Please post a review of what you enjoyed most about the book at the Amazon site here:

http://www.amazon.com/dp/B007H3JEKA

Thank you!