November 19, 2012

Greetings;

I always like to report on half price day. What's that? Every two weeks major thrift stores in my area hold a half price sale. Everything in the store is half off.

Including books.

Suddenly, $3.00 books become $1.50 books and $2.00 books become $1.00 books. That's a blended savings of $1.25 per book. Is that significant?

Well, on a typical half price day, I'll buy 50 - 100 books. That's a savings of $62.50 to $125.00 in a single day that goes straight to the bottom line.

When you consider the average sale price is $14.00, that's a significant amount of profit. I'll take that all day, every day. Except it's not every day, just half price days.

That's why those sale days are so important to me. You see it's part of the old 80/20 rule. Twenty percent of your efforts will generate 80% of your profits. Half price day definitely falls in the 20% category.

That rule holds true back at home and in your places of business too. Last week I spent a lot of time researching and writing about digital postage scales.

Scales? Why postage scales?

Because they're great productivity boosters. Purchasing an inexpensive electronic postal scale that's integrated with your computer system will save you time, money, and effort every time you pack and ship a book. Period.

The scale will quickly pay for itself over and over for years to come. You can check out my overview at Ideal Postage Scales for Booksellers.

There were lots of other blog postings this week too. All designed to help you manage or expand your business. They're all listed below. I bet you'll find something that'll help your business grow. Or at least become more profitable.

One final thing.

What do you think of this newsletter? eMail me and tell me how I can make it better. Has it helped your business? Can you use a little 1-on-1 consulting? You tell me how I can best help you and I'll do everything possible to make it happen.

Good hunting.
Joe

Nov 14, 2012
Determining the Value of Old Comic Books for Booksellers

Is it a good idea for booksellers to learn the value of old comic books? I think so, and for a variety of reasons. Comics are an area that I've actively avoided until now. Let me explain…

To read the full blog post click here: The Marvel of Comics

Nov 15, 2012
Goodwill is in the Book-selling business now

Joe, Your book and comments on this blog have been very valuable to me in starting an online book-selling business, and I thank you for the inspiration.

To read the full blog post click here: Comments rom a reader

Nov 16, 2012
Need a Packaging Supplier?

Here's a FREE list of some of the best sources of packaging suppliers to streamline your media mail book shipments.

To read the full blog post click here: Updated packaging supplier list

Nov 16, 2012
My Online Book Store for Booksellers - Page 5

Having reliable sources of shipping supplies is critical to your business. Below you'll find the vendors I use when I buy supplies. I've done the homework for you so you save time, money and grief…

To read the full blog post click here: New catalog page

Nov 17, 2012
Ideal Postage Scales for Booksellers

Small and growing booksellers need two postage scales to keep their operations efficient and productive. Now please don't panic! You don't have to buy them both at once to run a profitable…

To read the full blog post click here: Workhorse postage scales

Nov 18, 2012
DYMO 25lb Digital Postage Scale for Book Sellers

An electronic postage scale can do wonders for your bookselling business, or any other home-based operation for that matter. The DYMO 25 lb electronic scale is a sleek, eye-catching, full-featured…

To read the full blog post click here: DYMO postage scale

Nov 19, 2012
A Serious Digital Postal Scale for Booksellers Is the Royal EX310

A heavy duty digital postal scale is an absolutely essential piece of equipment for booksellers planning to use Amazon's FBA program. FBA is short for "Fulfillment By Amazon." It's a program that…

To read the full blog post click here: Heavy duty FBA scale

Amazon Learns, Don't Mess with Sellers' Money
The Seattle Times exposed the problem of payment holds for Amazon sellers in an article published over the weekend. But Amazon sellers in the UK were struggling with "payment holds" of a different kind last week. The UK sellers became nervous on ...

Read the full story here: Show me the money!

Boom, it's over,' and no one at Amazon seems to listen
The store's shipping software ceased to alert Amazon when orders were delivered, he said, making it seem as if customers did not receive their products on time. Amazon notified Bell via email that his late-shipping rate was unsatisfactory, then removed ...

Read the full story here: Tyrany in Seattle

Rainy Day Books: the end of an era
“When people started buying books online, I knew it was going to change things, but I thought I could adjust. I shifted to selling used books.

Read the full story here: Death of a bookstore

Joe Waynick
Bookseller, Author, Mentor
Internet Bookselling Made Easy! How to Earn a Living Selling Used Books
Bookseller Resources: InternetBookselling.com
Follow me on Twitter at: Twitter.com/@joewaynick

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."