I drove up to Halifax, Virginia for a regular advertised book sale on BookSaleFinder.com and did fairly well. I bought 120 books for $65. Plus, I found this book in the children’s section for 10 cents.
A book titled, The Roman Empire (Make It Work! History Series). The lowest used price is $265 with a high sales rank of 2.8 million.
However, when I sent it to Amazon, it was never checked in. It was labeled a “zero” in the Manage FBA Shipment section of my seller account. Finally, after a week and a half, I emailed Amazon and told them about this. Surprisingly, they refunded the price of the book within two days. $166.48 was sent to my Amazon payments account.
Sweet! Amazon customer service is simply amazing. This definitely worked out in my favor since the sales ranking of the book was fairly high. It probably going to take a while to sell anyway.
The statistics from the sale are below for those of you interested. The numbers were calculated using the bookkeeping and analytic features of InventoryLab.com. Use the coupon code “booktothefuture” for a one month free trial.
Books Purchased: 120
Cost of Books: $65
UPS Inbound Shipping: $35.56
FBA Label Service: $18.40
Total Costs: $118.96
Average Sales Rank: 848,159
Average Amazon Value (Merchant Fulfilled): $5.01
Sales Results for the First Month (9/21 – 10/20)
Books Sold: 24
Percentage of Books Sold: 20%
Sales Revenue (after all of Amazon Fees): $132.73
Returns & Reimbursements: $166.48
Sales Results for the Second Month (10/21 – 11/20)
Book Sold: 14
Percentage of Books Sold: 12%
Sales Revenue (after all of Amazon Fees:): $82.33
Cumulative Sales Results for First Two Months (9/21 – 11/20)
Books Sold: 38
Percentage of Books Sold: 32%
Sales Revenue: $381.54