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Internet Bookselling News & Views, Issue #006 - Retail Arbitrage
October 30, 2012
October 28, 2012
For some reason, the newsletter didn't go out as scheduled this past Sunday. I'm not sure what happened to the programmed schedule, but I'll look into it and make sure it doesn't happen again.
I've had an interesting discussion with a couple of members of the Internet Booksellers Forum about "retail arbitrage."
For those of you who are unfamiliar with retail arbitrage, it similar to book scouting except that instead of hunting for valuable book, you're looking for sales, closeouts, and going out of business specials on any consumer product that can be resold online.
This opens up a whole new market of products for you to sell, from power tools, to cleaning products, cloths, ornaments, toys, you name it.
You can learn about retail arbitrage by reading the book, Retail Arbitrage: The Blueprint for Buying Retail Products to Resell Online, by Chris green.
You can find it in my book store by clicking this link.
You may or may not find this method of scouting suitable for you. But there are many entrepreneurs making a good living doing it. Check it out through the links provided above and you may find a surprisingly good economic fit.
Oct 21, 2012
One of the most profitable online businesses I know is reselling inventory from well-stocked used book sales. Consequently, I've never met a book sale I didn't like. And this week of book scouting…
To read the full blog post click here: Profitable Online Businesses
Oct 24, 2012
When we buy cheap used books online or in a store, it's often to widen our minds and grow as human beings. While this reason is a great one, it's not the only one. If you want to increase your bank…
To read the full blog post click here: Cheap Used Books
NEWSWORTHY CURRENT EVENTS
12 Stats on the State of Bookstores in America Today
Read the full story here: Bookstore Stats
Random House and Penguin merge to take on Amazon, Apple
Read the full story here: Merger
Amazon wipes user's Kindle and reminds us we license, don't own digital content
Read the full story here: Kindle Wiped Clean
Amazon Deleted Norwegian Woman's Kindle Content Raising ...
Read the full story here: Woman Deleted
Resale bookshops try to keep personal touch
Read the full story here: Personal Bookselling
Know anyone who dreams of running his or her own successful business? Send them to InternetBookselling.com 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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