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Internet Bookselling News & Views, Issue #004 - Book Scouting Still Turns a Profit
October 14, 2012

October 14, 2012


I'm often asked if it's possible to make money selling used books part-time on the Internet.

Well, lets see…

So far this month I've only gone out book scouting six times, for about four hours on each trip. As a result, I've listed 196 books for a total of $3,150.45 which gives me an average listing price of $16.07. By the way, my average sales rank is 746,065.

Okay, six outings times four hours each is 24 hours which also equals $131.27 per hour of book scouting effort. Does that sound like a living wage to you?

Now hold your horses! That hourly figure isn't what it seems. That's only the amount of inventory listed and not sold.

As you know from Internet Bookselling Made Easy! I can only expect to see about 1/3 of those books sell within the next 30 days. That's called the new listing sales rate.

Now lets take the math another step. Multiply 196 books times 33% equals almost 65 books. Sixty-five books times $16.07 equals $1,044 in gross sales. Here's the formula:

196 x 33% x 16.07 = $1,044

As a final step, I can figure on a 50% net profit margin on gross sales, so out of the $1,044 I'll see $522 over the next 30 days. The remaining two thirds will trickle in at a rate of 3% - 5% per month over the coming months and years as residual sales.

What's my hourly rate now? About $21.77 per hour -- but that's still a respectable amount annualized at $45,282 per year. Well above the poverty rate, and it beats the pants off unemployment benefits.

The above example just goes to show you that while selling books online is NOT a get-rich-quick scheme, you can definitely earn a living.

However, you'll have to work more than 24 hours.

Good hunting.


Oct 13, 2012
e-Bay for Booksellers

Many aspiring booksellers are finding e-Bay is proving to be a very profitable means of selling book collections. For almost two decades, millions of people have learned how to make money with…

To read the full blog post click here: e-Bay


Oct 12, 2012
How To Sell Used Books For Extra Income

Learn how to sell used books with your own Internet bookselling business and make money with your computer from home.

To read the full blog post click here: How To Sell Used Books


Oct 11, 2012
Basic Office Supplies Every Home-Based Business Must Have

Every home-based business needs certain basic office supplies to run smoothly and efficiently. Without the essentials, you'll stumble around wasting time and money when you could be…

To read the full blog post click here: Basic Office Supplies


Oct 08, 2012
Creating a Home Based Business Is NOT for Lazy Bones!

I've always said creating a home based business is definitely not for everyone! And this week proves it. Another seven days have come and gone and I must say that it was a pretty "light" week for…

To read the full blog post click here: Creating a Home Based Business



Amazon says Kindle users are entitled to e-book refunds
Owners of's Kindle e-readers will receive refunds on past e-book purchases and see e-book prices drop if a judge approves legal settlements with publishers accused of fixing prices, according to the Internet retailer.

Read the full story here: eBook Refunds


Best Buy price match to compete with Amazon and online retailers
A new Best Buy price match policy was unveiled by the retailer this past Friday which will help the electronics stores attempt to compete with the prices of online competitors.

Read the full story here: Best Buy Price Match


Netflix rivalry with Amazon heats up
Neftlix CEO Reed Hastings has a lot going on lately in an effort to rev up the video service. That’s what seeing Jeff Bezos’ bearing down on you in your rear-view mirror will do.

Read the full story here: Netflix vs. Amazon


Amazon Acknowledges Uneven Lighting On The Kindle Paperwhite
The Kindle Paperwhite is an amazing ereader. It's arguably the best on the market. But it's not flawless. Some users, including several TechCrunch writers, noticed the lighting on their Paperwhite is not evenly spaced, resulting in odd, slightly ...

Read the full story here: Kindle Paperwhite Flaw


Joe Waynick
Bookseller, Author, Mentor
Internet Bookselling Made Easy! How to Earn a Living Selling Used Books
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Know anyone who dreams of running his or her own successful business? Send them to for some of the most valuable FREE business resources on the Internet, as well as how to get the new book, "Internet Bookselling Made Easy! How to Earn a Living Selling Used Books Online."

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