I’ve been buying lots of books over the past 6 weeks with the help of Caleb Roth’s service called eFLIP and my last item shipped just happens to be a book that I found using eFLIP.
What is eFLIP?
eFLIP provides a simple way to find books on Amazon that are selling at low Merchant Fulfilled prices and high FBA prices. You begin by entering your filters based on price, ranking, number of offers and year published and the program will go through and give you a list of books that matches your search criteria:
Then you go through the list of books and analyze them to find profitable books. I like to use the Keepa Chrome extension to check sales rank history:
I also like to use eFLIP’s price calculator to check the profitability based on the buy cost:
If the book meets my criteria, then I’ll purchase it from a MF seller and then resell it at a higher FBA price.
Quick Online Arbitrage
What I like about eFLIP is that it’s very easy to use and I can find profitable books rather quickly.
To take the “quickness of it” a step further, you are paying a flat $3.99 for each book purchased from a MF seller. This flat shipping truly speeds up the OA process because then when you find a book, you can just purchase it. You don’t need to spend more time looking for additional books to qualify for free shipping.
Also, you’re not having to spend time playing the “game” of getting lower prices with cash back sites and discounted gift cards. You just find your books and whenever you feel like stopping, you make your purchase and then move on to something else.
One Negative of the Book Sellers
One negative that I noticed is that many MF Sellers overstate the book condition. The majority of the books that I receive are usually one condition lower than what’s listed. For example, if I’m buying a Used-Very Good book, I typically receive a Used-Good book.
Therefore, one of my strategies during my book analyzing is to make sure that I can still make a minimum of 100% ROI on a book that is listed in a lower condition. For example, if I’m purchasing a Used-Very Good book, then I’ll make sure that the book is still profitable if I list it as Used-Good.
Fortunately, not all Sellers are like that and I found a few Sellers that are very accurate in their book descriptions or understate them.
If you sign up for eFLIP, I recommend using the book-tracking spreadsheet that Caleb provides and add in a column to record the book conditions (listed & received) next to the Seller’s name. Over time, you’ll accumulate a list of preferred Sellers to purchase from.
Results of my eFLIP Purchases
Though I sold a few books, I don’t have a lot of data to give you at this time. Most of my books haven’t been in the Amazon warehouses very long and then today I learned that a shipment of 19 books has been damaged. 🙁
I am rather new at selling books so I’m still working on coming up with tighter search criteria and how to price my books for maximum profit. For now, I’ll tell you about the last book that was shipped.
Last Item Shipped
One of my eFLIP book purchases was my last item shipped. Below is a screenshot of it in my Payment->Transactions page as proof:
Store Purchased: Amazon (Online Arbitrage using eFLIP to find it.)
Date Received at Amazon Warehouse: 06/08/16
Date Amazon Shipped to Customer: 06/23/16
Number Of Days at Amazon: 15
Buy Cost: $4.00
- Book Price: one penny
- Shipping: $3.99
- Final Buy Price: $4.00
Selling Price: $17.99
Net Profit after Fees: $17.99 (sale price) – $6.80 (fees) – $4.00 (buy cost) = $7.19
I purchased the book from a MF Seller that listed it as Used-Very Good. I sold it as Used-Good.
Ranking on 06/23/16: 30,041
Category % According to RevSeller: Top 1%
I hope you enjoy these “What I Sold Posts.” As always, be sure to ask me any questions or leave a comment in the form below or on my Facebook page.
Have a great day,
p.s. Back to School season is coming up soon and I heard that textbooks are great profit makers in August and September. This is a great time to sign up for eFLIP so can start getting textbooks into your inventory before then. Click here to sign up for your 3-day trial to test out the service.
p.p.s. Caleb Roth also created the Tracking Spreadsheet. He sent me a note saying that the cost of it is going up on July 1. If you’re interested in purchasing it, make sure you do so before the end of the month!