Even though I’ve been selling on Amazon FBA for a about a year now, my sales haven’t been all that impressive. But to be honest, I haven’t been putting that much effect into it either. As I transition from working outside the home, to being a work at home mom, I decided I wanted to ramp up my FBA inventory and start sending more items into their warehouse.
A few weeks ago I went to an auction and got 36 free books that someone didn’t want. I knew I didn’t want to try and sell them one by one on eBay so I figured FBA would be the best option. It’s a great way for me to free up space in my house as well as see if I can increase my inventory.
As I was scanning the books to check the sales rank and the current price, I realized that most of the books were ranked really high (in the 1 million or above range) with few FBA sellers, really low (under 100k) with a lot of other sellers or in the middle.
When checking the current price, it seemed that most were in the $5 range. I figured in order for me to see some sort of profit after Amazon takes their fees, I wanted to try and sell them for at least $7.50. A few books I priced a little higher to match the lowest price. The inbound shipping charge to Amazon was $16.04. After FBA fees and shipping, I should net about $1.66 per book. Obviously this is nothing earth shattering. But since the books were free, I’d be happy with any profit.
My objective with this experiment is:
- See if these books will actually sell at $7.50, even if there are books priced lower
- How long will it take for the books to sell?
- How much money can I make off of free books?
I’ll be checking back in over the next few months with any updates. Do you sell books on Amazon FBA? Do you have a certain minimum price point regardless of sales rank?