June 19, 2019

Selling Books on Amazon: Three Ways to Make Money with Minimal Financial Investment

Are you planning to open a bookselling business? If so, one of the effective ways for you to begin is by selling books on Amazon.

The main reason why selling eBooks on Amazon can be an amazing way for getting started is that you can make money with minimal financial investment. Meaning, the financial risk involved will be less.

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Selling books on Amazon is available for anyone. Even if you've never taken the time to write a book. That is because there are three ways on how to sell books on Amazon and make money:

  • Sell Used Books. Many booksellers opt to sell used books on Amazon due to its profitability. The fact is that you can sell second-hand books by sourcing. You will be able to choose which method is more effective for you. These methods include sourcing using your bookshelf, online arbitrage option, and buying books during sales, and buying them in bulk.
  • Sell the Books You Wrote Yourself. If you are the author, you publish the book on Amazon for sale. So, if you have a fondness for writing, you can make it your source of income and Amazon can help you to sell your books without spending too much on inventory.
  • Sell Books That Were Written by Ghostwriters. If you have no skills in writing, you still have the best opportunity to sell books on Amazon. You can do this by hiring a ghostwriter who will write a book that is officially credited to you as the author.

As long as you are serious and committed to online bookselling, there are different ways for you on how to sell books on Amazon. Thus, you can be sure that you will be able to create great business opportunities in this niche.

How to Sell Books That You've Already Used?

When entering a bookselling business, you need to be resourceful, especially if you are not really into writing. You don't have to learn any writing skills to sell books on Amazon because there are several ways to find books for sale.

Own Bookshelf

When your bookshelves start to get cluttered, and you want to make money, you can sell this book. You need to create a list of books that are in good condition and keep them safe.

Online Arbitrage

This method is about where to find books and sell them at a slightly higher cost. You can use marketplaces like Craiglist, eBay, and second-book sites.

Sales, Markets, and Buying in Bulk

You can check out flea markets, yard sales, and book sales to find used books for reselling them on Amazon. You can also buy books in bulk so that you will be able to save time and get a lower price per unit.

How to Start Selling?

To start selling used books on Amazon, you need to register an account and create a listing of a book. After that, it is necessary to choose the best price depending on the condition of the book, such as new, very good, good, and acceptable. The next step is to choose the delivery option. You can choose between Fulfilled by Merchant (FBM) where you need to package the book and ship it by yourself from the stock and Fulfilled by Amazon (FBA) where you have to ship the book to an Amazon fulfillment center.

If you are interested in selling used books on Amazon, read this article. You will find many details about how to make money selling such books.

How to Sell a Book If You Are Its Author?

There are practical ways you need to do to sell a book you wrote on Amazon.

1. Register an Account on Amazon Kindle Direct.

To sign up for an Amazon Kindle Direct Account, you need to go to kdp.amazon.com and complete the KDP account sign up that includes information like the author or business name, address and phone number, bank routing, and account number, and tax information.

2. Prepare a Book for Publishing.

To prepare your book for publishing, you need to ensure that you have a strong underlying material, properly presented book, and decently constructed author platform. You also need to consider sensible pricing, well-chosen metadata, and effective book promotion.

3. Make an Interesting Listing.

Within the Amazon KDP dashboard, you can create an interesting listing for your books. You can do this by going to your Bookshelf and then, click on the book type you want to publish. Make your book description helpful to the buyer. Describe your book, interest the reader with a storyline, or show how the book will help him to solve his problems. Also, you can use special text formatting to draw attention to the right moment in the description.

4. Attract Readers and Buyers.

To attract buyers and readers you need to use social networks, advertising, and other marketing methods. You can take advantage of Amazon book advertising programs like Sponsored Products and other available ads options for e-books.

Are you an author and have an unreleased book? This 13-steps Amazon Selling Books Guide will help you to understand how to publish it on Kindle Direct properly and earn good money.

How to Sell Books on Amazon If the Seller Doesn't Write Them Himself?

You can opt for selling books that were written by ghostwriters to get a real profit.

1. Searching for an Idea.

To give you an idea of which topic will attract more buyers, you need to think of a topic that can solve the problems that your customers may face. You can also go to the Amazon site and search for the best-selling books to get insights.

2. Searching for a Ghostwriter.

To find a good ghostwriter, you can check out their reviews as well as their text examples. You can reduce the risk that you get the material that you don't expect.

Another important point is the protection of copyright. You and your author must sign a special agreement so that the ghostwriter waives all rights to the book written by him.

You can get a ghostwriter for around $1.50 for every 100 words.

But don't look for a too low price for the services. If the cost of the work is too small, then the quality of the book can be low too.

3. Editing the Content and Creating a Cover.

After creating the book content, the next thing you need to do is to edit the content. But before doing it, you can send it to your family, friends, and followers online to get some reviews. This way, you will be able to get useful feedback about the content. After getting some reviews, you can start launching your book.

And don't forget that you need to read the text for errors or inaccuracies. You can do this by yourself, or you can look for professional help. You can hire a designer to create an attractive and creative cover to ensure that it will be done professionally.

4. Preparing An eBook for Posting in KDP.

Before posting your eBook in KDP,  you need to prepare it. Amazon requires published books to conform to the established format. You can format the electronic version of the book according to the requirements of Amazon yourself. Or you can hire someone who will do the job for you.

We described all details about how to launch your own Amazon business selling books on Amazon that were written by Ghostwriters. Use it to achieve better results!

Conclusion

Amazon welcomes everyone who wants to start an online bookselling business, even you don't have all the necessary writing skills. All you have to do is to learn the different methods on how to sell books on Amazon. If you are not an author, you can sell used books on Amazon or hire ghostwriters. This way, you can make money without substantial financial investment.