Supposedly, selling prime gives you a pretty big bump in conversions since people will get the books sooner. The textbook method, also called Zen Arbitrage by some, is pretty good since a lot of students want textbooks fast and are willing to pay the difference. Lately, I’ve been doing OA with a niche market, buying wholesale lots on Ebay and flipping them on Amazon (although I’ve been doing those from home).
One of Roberts’s employees suggested that he get Wonder Book started on the internet, and, though the business hardly needed the additional income, he was persuaded to wade in. He picked “40 weird books” from the brick-and-mortar inventory and threw them up for sale online. The next morning he took a look at his page and was astonished to find he had an order: a book on the history of cattle in Frederick County, Maryland – sold to a farmer in England for $45. “We couldn’t sell that book in Frederick County for $45,” Roberts reflects, “but a guy in England who raises that kind of cattle wanted it.” The experience “was like the proverbial light going off in my head: we’re international now”.
The price point is partly a result of the market’s downward pressure: at a certain level of supply and demand the race to the lowest price swiftly plummets to the bottom. What remains inflexible is the $3.99 fee Amazon charges the buyer for shipping. From that $4, Amazon takes what they call a “variable closing fee” of $1.35. They also charge the seller 15% of the item’s price – which in the case of a penny book is zero. That leaves $2.64 to cover postage, acquisition cost and overhead.
Perspectives can change indeed. I hope they do but I doubt that they will. For the past 45 years I kept almost every issue of every magazine I've subscribed to and every book that I bought with the idea that, at some point, I will re-read them. Well, I haven't. There always were new magazine issues and new books to read. Once they were moved to the attic, it was "out of sight, out of mind." Then I came to the realization that no matter how much I enjoyed reading them and how informative they were, these books and magazines are outdated.
On average, it takes 13 days from the time you click "sell my books" to when payment is issued. It can be shorter or longer depending on what shipping method is used, and your proximity to Hillsboro, Oregon. After your books are received, inspected and marked as 'processed', payment will be made. Payment is sent within one business day of 'processed' status.
The first is through their trade-in program. For the trade-in program, you search your book edition, find the ISBN (the 13 digit code typically on the back or on the copyright page), and check if Amazon will offer you money for your book. Fill out a brief questionnaire about the condition of your book, and then Amazon will give you a shipping label. Once they’ve received the book, they’ll give you an Amazon credit.
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