How Joji Make $100,000 Selling Books on Amazon FBA Doing Online Arbitrage 

Episode 19: John (https://www.instagram.com/sidehustleexperiment/) and Drew (https://www.instagram.com/realdrewd) talk with Joji Davenport (https://www.instagram.com/joji_davenport/). 

Joji Davenport, co-founder of BookCon and a six-figure bookseller, shares his expertise in online arbitrage for books. He explains how he buys books on Amazon and resells them for a profit, with an average buy cost of $17 and an average sales price of $68. 

Joji emphasizes the importance of understanding intrinsic value and using tools like Keepa to determine if a book is below, at, or above its market value. He also discusses the benefits of focusing on a specific niche, such as books, and highlights the high profit margins and low return rates in the book flipping business. 

#amazonfba #amazonfbatips #sidehustleexperimentpodcast 

Follow us on Instagram: https://www.instagram.com/sidehustleexperimentpodcast/ 

Chapters

00:00:00 Introduction to Joji Davenport and Book Flipping
02:07 The Profitability of Online Arbitrage for Books
05:43 Understanding Intrinsic Value and Using Keepa
10:31 The Benefits of Focusing on a Specific Niche, like Books
22:27 The Importance of Obsession and Focus in Book Flipping
28:21 The Margin and Turnover Rate in Book Flipping
32:49 The Profitability of Online Book Arbitrage
34:37 Combining Online Arbitrage with Books
35:11 The Benefits of Using a Prep Center
36:36 The Importance of Understanding Keepa Graphs
44:54 Introducing BookMind: Leveraging Historical Data
50:28 Creating Impact and Helping Others

Listen on your favorite podcast platform

Youtube: https://bit.ly/3HHklFO

Spotify: https://spoti.fi/48RRKcP

Apple: https://apple.co/4bmaFOk 

Check out Drew's Stuff
Instagram: https://www.instagram.com/realdrewd
Twitter: https://twitter.com/DrewFBA

Check out John's Stuff
Instagram: https://www.instagram.com/sidehustleexperiment/
Twitter: https://twitter.com/SideHustleExp 
AVOID Price Tanking with The Tank Test Check List (FREE): https://bit.ly/3pgNWQz

Favorite Softwares
Reprcing: Go Aura: https://bit.ly/3vwOogJ