Selling Books on Amazon: Your Guide to Building A Successful Passive Income Stream

Selling Books on Amazon: Your Guide to Building A Successful Passive Income Stream

Amazon is the largest retailer of online books in the world. 

Selling books on Amazon is an outstanding way to make some cash — and can be your first step towards building a commercial enterprice on Amazon. But, to get started, you’ll need to know two things

1. How selling on Amazon works

2. How to find books that you can promote on Amazon. 

You can sell absolutely anything on Amazon nowadays. However, it wasn’t always the case. The owner actually started it as an online e-book store that developed into the retail giant we recognize today.

While Amazon has expanded its reach to include products from pretty much any area of life, books still comprise a massive chunk of their business valuation. The enterprise sells billions of dollars worth of books every year, which is why many entrepreneurs decide to build their amazon enterprise around them. 

Let's get to know more about selling books on Amazon so you can get started on your journey to build an Amazon empire today.

Is Selling Books on Amazon Profitable? 

To obtain a reasonable amount of profit on your books, you will need to find the books at a wholesale price. But do not worry, you don't have to buy the books in bulk.

If you don’t have enough capital to buy the books in bulk, you can still buy books in lower quantity at wholesale prices such as at Next Chapter Books that can be resold on Amazon for a profit. 

The internet is filled with success stories of people selling books to make some extra money, and even turning it into a full-time profession. This is because the profit margins can be very lucrative if you source the books from a suitable place. In most cases, you can buy a book for a few dollars and then promote it for twice (or even upto five times) the price on Amazon.

Now, that doesn’t mean each book is worth investing your money on. Like any product you plan to sell, you’ll need to do your research to find the books that will give you the highest margins in reselling.

And in case you’re going to promote books anywhere, Amazon is the place to do it. The ever-increasing number of Amazon prime and Kindle Unlimited memberships is the indicator that general public always turns to Amazon when they need a book .

How Much Will It Cost? 

One of the cool things about this of business is that it doesn’t have to cost a fortune. If you don’t have a huge investment in hand, you can begin with just a few books which cost as low as a greenback or two apiece.

Or if you have some extra money to spend, you can always enjoy a massive bulk discount and purchase your books at a wholesale price from Next Chapter Books to start. 

How To Get Started? 

Becoming a successful bookseller doesn’t happen overnight. You must have a plan in place in order to achieve maximum success and return on your invesment. 

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Here are some of the steps you’ll need to take to get started: 

  • Choose what kind of books you’re going to sell. 
  • Register as an Amazon seller. 
  • List your books on Amazon
  • Decide how you’re going to fulfil your orders (Amazon FBA or FBM)

It’s great to have these steps in mind as you move through the whole process so you never feel lost or unsure.

Where You Can Find Books To Sell On Amazon? 

You can find quality books at cheap prices from wholesale suppliers. If you do not have the capital to buy books in bulk, you can also choose retail options like Next Chapter Books that offer a lower quantity of books on wholesale prices as well.

How Do You Sell Books On Amazon?

Once you’ve used one of the sourcing techniques to procure some books, you’ll need to get them listed on Amazon.  

Firstly, you will need to register as a seller on Amazon. Secondly, you will need to create your book listings. Once your listings are live, keep checking your sales to see which books are selling fast and which of them aren’t. If any of your books are not getting any sales, you might want to decrease their prices.

Remember, when you lower your prices, you will have a higher chance of selling out, but your profit margins will also become thin. This is why you will need some time to find the perfect balance between sales velcoity and your profit margins. 

Tips and Secrets 

We’ve mentioned the fundamental steps you need to take to start selling with Next Chapter Books on Amazon. However, if you're in it to win it, here are some special tips that will help you go above and beyond and achieve success faster.

Use Research Tools to identify Profitable Books 

If you want to succeed on an online marketplace like Amazon, always use statistics to back up your choices.

This includes a book’s ranking and search volume (the number of people who look for that book every day), its average monthly income, and pricing trends. The more statistical data you have, the easier it will be to predict how much money will a book make you when you publish.

Whether you’re an experienced internet entrepreneur or someone trying to build a stable side-hustle, promoting books on Amazon is a wonderful choice for you.