how's it going everybody my name is
warner fields with fields of profit i'm
a full-time mid six-figure amazon seller
and in today's video i'm gonna be
walking you through how i was able to
start a business as a teenager that
turned into a six-figure business i was
working part-time selling used books on
amazon i'll walk you through step by
step exactly how i was able to do this
and how you can do this for yourself
selling books on amazon can be an
incredible way to turn not a lot of
money into a lot of money because the
ways that we're going to go ahead and
get these used books are going to be
very very cheap and then you can find
some potentially very profitable books
and this is how i was able to build up
my bankroll i started with about a
thousand dollars selling books and i've
now built it up to doing mid six figures
on amazon this year i should do over a
million dollars in sales on amazon so i
want to share with you how i started my
journey so you can get there for
yourself if you're brand new to the
channel or if you haven't already
checked it out go ahead and check out
the link down below there's going to be
a link to our completely free amazon
seller discord server over 15 000 people
in there would love to see you in there
but let's go ahead and jump into the
video
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all right so first things first i'm just
a guy on the internet i'm going to prove
to you real quick that this is my first
year on amazon you can see from october
1st 2018 to october 1st 2019 i was able
to make a little over 30 thousand
dollars in net profit this is my
accounting dashboard right here i was
able to make over 30 thousand dollars in
net profit as an 18 year old i would
have turned 19. i became a six figure
business by the time i was 19 working
part-time as a college student it was a
very awesome side hustle so i'm gonna go
ahead and show you how i was able to go
ahead and find these used books so the
name of the game with selling used books
on amazon is getting the books as cheap
as you possibly can an amazing way the
way that i did the most and made the
most profit off of was just going to
thrift stores so let's say you live in
kansas city you're just going to go
ahead and search kansas city thrift
stores on google maps you can see all
these hearts are actually thrift stores
that i've been to so if you're in the
kansas city area go ahead and poke
around here check out the hearts because
these are some good stores that i went
to and i would actually go on road trips
so you can see if i zoom out here i went
on road trips out to kansas i went to
oklahoma and all these hearts i actually
hit up these thrift stores that's a
little bit more of an advanced strategy
you know but those were some pretty
successful road trips but if you're you
know you're in your city you're just
wanting to start a little side hustle go
ahead and find a thrift store make sure
that they have a books one thing that i
did is i would click on the reviews for
the thrift store and then you can search
over here we can go ahead and search
book and see usually somebody will be
talking about the books in the reviews
in this case they weren't but that's one
way that you can check and make sure
that a store has books sometimes they'll
even say this store has a really good
book selection so that's a good sign
that you can go ahead and check that one
out let's see if we can find a good
example of that so to show you what i
mean here i went ahead and looked at
this thrift store i searched book in the
review and you can see a bunch of people
talking about how the book selection at
this thrift store is really really good
so you know that could be a pretty good
opportunity for you to go in and go
ahead and scan some books so that brings
me to the next way that i like to source
books which was doing used book sales
specifically going to like library sales
anything like that so let's say again
let's say you're in kansas city you're
gonna go ahead and check out missouri
and then you're just gonna look through
this list there's even a calendar of
future book sales and you're just gonna
be looking through the ones in yellow
are kind of the sponsored ones so i like
to scroll down to the white ones then
you're just gonna be looking for any
library sales where there's a good
amount of books so in this case i'm not
sure where california missouri is but it
looks like it's a fairly consistent book
sale there's a couple thousand books it
looks like cape girardeau on march 4th
they've got a 4 500 books that they're
going to be selling so these are awesome
opportunities to go in and buy a bunch
in one day i used to do these used book
sales fairly often i remember the most
successful one i went to a very large
book sale in oklahoma city and i came
out making about twenty five hundred
three grand in profit not too bad for a
day's work right so the next way that i
like to source books is using facebook
marketplace specifically the local
pickups within your area so looking here
on facebook marketplace i'm gonna go
ahead and select just local pickup and
let's say we're within kansas city again
here so you can search to use books see
if anyone's got anything interesting
kind of scroll through here so here's
something that might be worth checking
out we've got nursing books here so we
could go ahead and see if we can find
any of these textbooks on amazon so
let's see if we can find this laboratory
tests and diagnostics book so i found
the listing over here on amazon and in
this case we can see on the keepa chart
this is another chrome extension i would
recommend you have because it's going to
show you when the books are actually
selling so we can see that there's no
drops on this sales rank chart meaning
this book's never sold so we would want
to keep looking up some of these books
see if it would be worth our while and
then i did notice actually down here
that there was another listing for a
bunch more textbooks so we can do the
exact same thing with these books looks
like they're only wanting five dollars
per book so this might be a little bit
more realistic or we can just go ahead
and look up these titles try to find
something that's worthwhile this is a
strategy that i really liked doing
because you're able to buy textbooks for
five ten twenty dollars a piece and sell
them for a lot more so you're making a
lot more profit per unit versus the
books of the thrift stores you're gonna
be finding a lot of books where you're
making three to five to six dollars
profit per book but with textbooks you
know it's the work of labeling one book
shipping in one book and you're gonna
make a lot more money per unit so it's
just a better use of your time to flip
textbooks but there's plenty of ways to
source textbooks right so now that
brings us on to how do i know what these
books are worth like sure i can take it
what i just did here and i can google a
title but that's going to take forever
right so that's where this tool comes
into play this barcode scanner i would
recommend going ahead and getting this
barcode scanner basically it's going to
sync up with your phone and it's going
to read the barcodes that you can scan
so let's say i'm at the thrift store
there's a big pile of used books i can
just scan this barcode on the back here
and then pair that with this app that i
want to talk about here so the best app
for this business is called scout iq
it's basically a database of every
single book that's on amazon and it's
going to show you exactly what the books
are worth you can see down here here's
kind of an interface but let's go ahead
and hop into my phone and i'll show you
exactly what it looks like with this
book and a couple others that i picked
out so i got this book right here off my
bookshelf so we're going to go ahead and
see if this book is profitable using
scout iq so we're just going to go ahead
and scan this barcode here and it looks
like this book in this case it says
we're going to go ahead and reject this
book but i want to go ahead and talk
about the specific things on this that
i'm interested in so the first thing i
want to look at is the rank on this book
as far as rank the closer to one you are
the better in this case a 3000 rank is
really good so that means it's in the
top 3 000 books probably basically in
the whole world since it's ranked on
amazon and then the e-score is also
another important metric to look at
that's going to show us the number of
days within the last 180 days that this
book is actually sold the highest it
goes is 151 plus so in this case this
book is probably selling multiple copies
every single day so this book is selling
very fast but it is selling for only
7.45 on the used buy box which is what
we're going to be competing for as fba
sellers so this one's not really worth
our time but another book that i went
ahead and pulled off my bookshelf is
this textbook that i had from i
graduated college like a couple months
ago so this textbook believe me was not
cheap so if you scan this book it's
gonna show you again it's gonna show you
the rank the e score and in this case
it's actually gonna tell us to accept it
and i'm not sure if you heard it but
it's also got a little chime so what i
would do is i would put in earbuds when
i was at the thrift store and so i
wouldn't even have to look at my phone i
would just be scanning listening to
podcasts and i'd just be listening for
that little chime that means i found
some profit so in this case it's showing
us on the left column it's showing us
all the merchant fulfilled offers which
are the books that are shipping directly
from somebody's house or their warehouse
or their garage directly to the
customers and what i like to do is
fulfilled by amazon because when you do
fulfilled by amazon you're able to ship
to amazon and then they take care of
customer service they take care of
shipping the items to the customers for
you and shipping to amazon is very very
cheap it's only about 30 cents a pound
so i really like doing that looking on
the right side over here it's the same
thing so the left side of the right
column a little confusing there is the
merchant fulfilled new offers and then
all the way on the right we've got the
fba offers for the new copies in this
case we bought this book you know
hypothetically we bought this book at a
thrift store so it's definitely in used
condition and another thing that i like
doing is we can go ahead and plug in a
buy cost up here so typically you'll be
paying a dollar per paperback so if we
plug in a dollar it's going to show us
our true net profit after the cost of
the book right so that's going to help
us a lot when we're at the thrift store
we know that all those books are a
dollar or two so it's not going to be
pulling up books where we're making two
three dollars when really we have to pay
one or two dollars for that book we're
not gonna be making profit so you can
actually go ahead and plug in your buy
cost on this app and then that's going
to calculate it and help you know how
fast things are selling and again on
this listing i want to go ahead and talk
about escort again so the last one we
had 151 plus which means it's probably
selling every single day but in this
case it has a 69 escort that means it's
selling once every 180 days and selling
69 times right so that doesn't mean that
it's sold that many times that means
that it is sold on that many days so
probably since this is a textbook it
sold quite a few copies back here in
january when people were going to you
know they're getting their new textbooks
they're going to college so that was
probably they were selling a lot per day
but now that it's the middle of march no
one's really buying textbooks right so
they're probably slowing down a little
bit and one other thing that we can look
at within this app is this button right
here this is going to show us a keepa
chart which is going to show us the
exact sales velocity of this book so you
can see how in january the sales rank
dropped a couple times there which makes
sense because every time you see a drop
that means it's selling and since it's
january people are buying textbooks
right so that kind of all makes sense
and we can look at the black line here
to make sure that the book is actually
selling for the price that it scans at
because sometimes you might scan a book
it says it's selling for a hundred
dollars but really that's just someone
who priced it at 100 and last week it
sold for five bucks so those are some
important things to look at but this app
is super super powerful there is a free
trial linked down below that helps the
channel out if you want to go ahead and
check out this app as well but this is
the app that literally helped me sell
almost 200 000 worth of used books in my
career it's been a very powerful app for
me i would highly recommend it so now
that we've got a big pile of profitable
books we've went to thrift stores we've
used scout iq we've found some
profitable books but now the next part
of the process can be a little bit
confusing especially on your first try
so what you're gonna need to do is so
let's say we bought this chinese
textbook at a thrift store right so
we're going to go ahead and list this
through amazon you can list it through
amazon seller central or you can use
this app that i showed you earlier i
much prefer listing inventory with
inventory lab because that's going to
just make the process much much faster
but if you need to you can use amazon
seller central at the start because this
extension this this software is 50 a
month so definitely if you're you know
your shoestring budget don't go ahead
and get this right away but it will help
you make you a little bit faster so in
order to prep these books to send into
amazon we actually need to cover the
barcode of this book right down here
with a special barcode that amazon is
going to give us so whether you list
through amazon seller central or list it
through inventory lab part of the
process amazon is going to allow you to
print out they're going to give you the
barcodes that you need to print out on
these address labels here and then
you're going to cover the barcode and
then after that you're going to go ahead
and box it all up ship it off to amazon
fba this is not a video that's going to
walk you through the exact process of
shipping it off if you're interested in
that there's other videos on my channel
that'll show you that process now that
we've got it all labeled up we've got it
boxed up we're shipping it off to amazon
which by the way shipping rates very
very cheap it's about 30 cents a pound
to ship products to amazon which makes a
lot of things more profitable than they
would be if you tried to do something
like ebay mercari one of those platforms
where your shipping could be a lot and
it could eat up a lot of your profits
right so go ahead and get these address
labels right here you can use these
labels already with the printer you have
at home you don't need to get any fancy
extra printers but if you do want to go
ahead and if you've got a decent amount
of money to set up this business i would
recommend using this label printer in
conjunction with inventory lab that's
going to make this process faster but
again absolutely not necessary right at
the start that's just if you really want
to jump start your business these are
the tools that i use so that takes us to
the point where we've found books we've
shipped them into amazon amazon has
taken into inventory and now we just
need to make the sales right so that's
where this last tool that i like to use
comes into play it's called be cool and
essentially you can see a bunch of the
books that i used to sell in the past on
here but it allows you to set a minimum
and maximum price on every single book
that you're selling which is going to
not only protect your profits because if
you don't so this is a repricing
software if you have never heard of
repricing softwares these are going to
monitor your pricing where every 15
minutes or so it's gonna say are you
still the price you want to be are you
still tied for the lowest price on this
listing if not we're gonna go ahead and
follow the person who lowered their
price or maybe someone raised their
price alright your reprice is gonna say
okay let's get some more profit on this
we're gonna raise our price so within be
cool we're gonna be able to set a
minimum so in this case this book i told
it to never sell for less than 14 and
never sell for more than 32 dollars and
we can even set custom repricing rules
all that kind of stuff you can get
really fancy with this tool but this
tells the repricer this tells amazon
that i never want to sell this book for
less than 14 and every 15 minutes it's
going to be monitoring that pricing to
make sure that when there's a customer
that's ready to buy this book for
between 14 to 32 i'm gonna be the one to
get that sale so i really like using
this tool this tool is 25 a month it's
been a great help for my business not
absolutely essential right at the start
but it'll help you get set up and
especially once you start doing a
thousand or so in sales every single
month i would highly recommend getting a
repricer just because it is gonna boost
your sales so much more than that 25 a
month that you're paying for it so
hopefully now you are ready to go out
and scan some books i would highly
encourage you to go get that bluetooth
scanner get scout iq and go hit a thrift
store you know like today start your
business get after it i would highly
recommend checking it out this is how i
was able to start my business and it has
turned into something much much bigger
beyond what i could have expected so
hopefully this video was valuable to you
if it was please feel free to add some
value to my business and hit that
subscribe button down below i'd really
appreciate that if you have any
questions or comments anything like that
feel free to drop those down below as
well but i really appreciate you guys
watching and i will see you next time
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you