Last year more than 2 Billion products were sold by just 2 million independent sellers on Amazon.
Some quick math will tell us that the average seller sold roughly 1,000 items.
With the average Amazon order at $47.42, we can do a little more math and figure that the average Amazon seller is doing some serious revenue.
In order to help people take advantage of the huge opportunity to sell on Amazon, Ann Sieg is launching a program called Book Flipping Profit System.
Ann Sieg who has done millions of dollars in sales online through her best selling Renegade Network Marketing, The 7 Great Lies of Network Marketing and MLM Blog Secrets has partnered with Brian Cummings who has been selling books on Amazon full time for the last 7 years to bring this in depth training.
Check out the free Amazon book selling webinar here.
Ann allowed a handful of her students to get the training early including Catina Henley.
Here is Catina’s case study:
Let’s further breakdown Catina’s numbers using some of the calculator tools available on Amazon:
Catina’s average sale was $17.53 and she mentions that she paid 25 cents to $2 per book with a few at $3. Let’s go with the high number of $2 per book.
In addition to the cost of the book, Catina also paid shipping charges to ship the books to Amazon, but the good news is that she was able to take advantage of Amazon’s massive shipping discounts, so based on my research, she likely paid between 10 cents and $1.50 per book. We’ll average that number at 75 cents per book which I think is probably on the high side.
Next we have Amazon fees. On a $17.53 book, Amazon collects $6.34. Remember, Amazon is doing all of the shipping and customer service for these orders.
So, here are the final numbers:
Average Book Sale Price: $17.53
Average Cost Of Book: $2
Cost of shipping to Amazon: $0.75
Amazon Fees: $6.34
Average Profit Per Book: $8.44
Catina Sold 124 Books in her first 60 days using Ann Sieg’s Book Flipping Profit System for a profit of $1046.56.
I’m doing OA for books.It saves a lot of my time as I don’t have time for sourcing books. I’m doing OA with http://www.bookspatrol.us it helps me in finding books as per my preference. I prefer books with a sales rank between 100k-500k whose Avg. sales rank is less than 600k. I had very good sales this year because my inventory was full of good books