Thursday, September 20, 2007

An online bookseller who makes $120K

Here's a work at home mom who sells books online and grosses $120K per year. She sells overstocks and remainders. Here's another post about her.

Forty percent of her sales come from Amazon. She also has an eBay store and a website.

It's tempting to think that I'm in the wrong book business but Christine worked as a bookstore manager for 12 years. That gives her an advantage that I wouldn't have. It's interesting, though, to see what other booksellers do. Maybe learning a bit more about remainders and overstocks could be useful. Do any of you out there sell both used books and remainders?
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Anonymous Anonymous said...

Remainders have become big business, I use to order them back in the early 80’s when I was a trade buyer for a university bookstore. The problem over the years is that many of the remainder companies also sell on line and are mega sellers. Still there are some who do not. One place to look is the university press web sites. In the old days BTW (before the web) they would send out catalogs with books marked down from 50 to 90%. A few have their sale catalogs on the web, I have two windows open then cut and paste isbns of books I think have some value and a deep discount into Amazon, check to price and sales rank and in the other window I will be doing the order. I have done pretty well with the ones I have ordered, it just takes some time.
The other thing is to get a business license so you can buy at the whole sale price, so if the remainder company is selling the book for 4.98 as a business you can usually purchase at 50% off the list price. I use Deadulus and Texas Bookman but there are a lot of them out there. Once and awhile you can find a title that has local interest in your area and do very well with. Check out the Cirobe web site.
There is a difference in remainder companies and promotional and value publishers. In general remainder companies purchase their books from publishers and value publishers publish their own books or reprints.
Anchorage, AK

3:59 PM  
Anonymous Anonymous said...

Interesting information, thanks! I loved seeing her workroom. . .made me feel mine is "respectable". As a CPA/bookseller, I wondered about her numbers though. . . selling $120,000 with higher inventory costs may still equal the same bottom line some of us have. I pay a lot less than she is for inventory. However, it looks like with her background, she does know which remainders to buy and from whom to purchase them. Looks to me like it would be good to do some of each. . .old and remainders. Thanks also to your first poster for some great info. BTW (not before the web, but by the way) how much help has the 30 day challenge been for you? I am still trying to get all the way through it!!!

6:23 AM  
Anonymous Anonymous said...

..inventory kills you at tax time..

3:13 PM  

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