How to Make Money Selling Books on Amazon FBA With 6-Figure Seller Mike the Used Book Guy .. ep 32

John (https://www.instagram.com/sidehustleexperiment/) and Drew (https://www.instagram.com/realdrewd) interview full time book seller Mike aka The Used Book Guy: https://www.youtube.com/ @TheUsedBookGuy  

Everyone always says selling books on Amazon is the best place for beginners to start… but is that still really the case? 

We spoke with Mike, better known as The Used Book Guy. 
In this episode, we dive into some amazing topics including 
- When you actually start making money on Amazon
- The biggest myths about selling on Amazon
- Why some Amazon sellers are flat out BROKE
- The secret to running a profitable book business
- How to sell your inventory quickly

And much more

00:00 Introduction and Background
06:18 Challenges and Strategies for Sourcing Inventory
14:59 The Time and Patience Required for Profitability
22:33 Setting Realistic Expectations
26:48 The Importance of Churning Inventory
35:37 Questionable Practices of Goodwill and Salvation Army
45:05 The Key to Success for finding Profitable Inventory 
49:58 The Importance of Multiple Sources
55:26 The Mindset of Always Needing to Grow
58:50 The Misconception of Bigger Numbers

#amazonfba #amazonfbatips #sidehustleexperimentpodcast 

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

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 

FREE Resources
✅ AVOID Price Tanking with The Tank Test Check List https://bit.ly/44FMt6M
✅ 10 Questions to Ask A Prep Center Before Hiring Them: https://bit.ly/3K3HQK4 
✅ How to Make your first $500 Reselling: https://bit.ly/3UJS47g
✅ Get the Discount Calculator: https://bit.ly/4dEhaNN  
✅ The OA Tracking Spreadsheet: https://bit.ly/4bfqupO (the spreadsheet I use to run my Amazon Business)

🛠️The tools I use to run my Amazon Business with Special Discounts🛠️ 
https://bit.ly/4bhibd3

If you’re serious about scaling your Amazon Business check out Advanced Arbitrage Tactics: https://www.skool.com/advancedarbitragetactics/about 

Inside The group You’ll get access to 
✅ Bi-weekly group calls
✅ The ability to ask me any questions you want
✅ An Online Arbitrage Crash Course
✅Methods to Avoid Price Tanking
✅The EXACT Spreadsheet I use to Track everything in my business
✅A community of seller who want to take their business to the next level