Sheet 1
Textbook Arbitrage
  Class 1
    What to Look For
      Paperback or Hardcover?
    Categories I look at
      Non-fiction
        Textbooks
          College Textbooks
          Elementary and Highschool Textbooks
          Pseudo Textbooks
            Books Related to Career or Profession or Business
            Woman's Rights / Feminism
            Recent Business Books
            Military Strategy or History
            Race relations, Equal rights
            Computer Languages
              Within 3 year
            Major Historical Events or people
            Books published by a University Press
        Other Potential Sellers
          Niche Collectibles and Niche Price Guides
          Very Niche (one of a kind book)
          Cookbooks and cooking
            Good Sellers
              Specific styles of obscure cooking
              Specific Regions
              Specific Chefs
              Specific Restaurants (more exclusive)
            Duds
              Microwave Cookbooks
                Exception: Microwave Cooking for One
              Compilations (readers digest. 101 ways, New York Times, etc)
              Ordinary everyday foods (pasta, seafood, steak, etc)
          Hobby / Leisure (more obscure the better)
          Local government management books
      Fiction
        Graphic Novels
        Video Game Strategy Guides
        Classics (used in College Literature classes)
      NEVER SELL
        Books with "Do Not Sell" on the cover (front or back)
        Books with "Uncorrected Proof"
        International Edition Textbooks
        Teacher's Edition Textbooks
        Water damaged books
        Copied Book
    Types
      Arbitrage 1
        FBM to FBA Arbitrage
          When lowest FBM price is lower than lowest FBA Price for the book AND there is enough profit (see rule of thumb)
            Buy from FBM Merchant
            Have the book shipped to your address
            List the book on Amazon as FBA -- match the lowest FBA price
            Ship the Book to Amazon
          Example
            1451183909
            0805303081
          Rule of Thumb
            Best Seller Rank < 350,000
            At least $20.00 profit
      Arbitrage 2
        FBM to Seasonal (Textbook) Arbitrage
          When lowest FBM price is lower than PROJECTED FBA Price for the book during (textbook) season AND there is enough profit (see rule of thumb)
            Buy from FBM Merchant
            Have the book shipped to your address
            List the book on Amazon as FBA -- match the lowest FBA price
            Ship the Book to Amazon
          Example
            0030368162
          Rule of Thumb
            Projected Best Seller Rank < 350,000
            At least 4 times cost
      Arbitrage 3
        Offline to FBA Arbitrage
          Source used locally and sell for a profit via FBA
            Buy from Local Sources
              Sourcing
                1)
                  Thrift Stores
                2)
                  Libraries
                3)
                  Used Book Stores
                4)
                  Estate Sales
                5)
                  Library Sales
                6)
                  Craigslist
            List the book on Amazon as FBA -- match the lowest FBA price
            Ship the Book to Amazon
          Example
            1416048952
          Rule of Thumb
            Best Seller Rank < 500,000
            Buy for Less than $2
            Sell price at least $10
      Arbitrage 4
        Retail Arbitrage
          Source new products in retail stores and sell for a profit via FBA
            Buy from Retail Stores
            List the book on Amazon as FBA -- match the lowest FBA price
            Ship the Book to Amazon
          Example
            1608874036
          Rule of Thumb
            Best Seller Rank (Books) < 350,000
            At least $50.00 total profit
      Arbitrage 5
        Cross Platform Arbitrage
          eBay to Amazon
            Buy on eBay sell on Amazon
              Buy from eBay
              List the book on Amazon as FBA -- match the lowest FBA price
              Ship the Book to Amazon
            Rule of Thumb
              Best Seller Rank < 350,000
              Example
                1577667395
              At least $20.00 profit
          Amazon to eBay
            Buy on Amazon sell on eBay
              Buy from Amazon
              List the book on eBay
              Ship the Book to eBay Buyer
      Arbitrage 6
        Event Arbitrage
          Buy on eBay or Amazon
            Buy from eBay or Amazon
            List the book on Amazon as FBA -- match the lowest FBA price
            Ship the Book to Amazon
          Example
            Movie: Fantastic Beasts and Where to Find Them
            Book: 1408803011
          Rule of Thumb
            Best Seller Rank (Books) < 350,000
            At least $20.00 profit
        Arbitrage 6
          Event Arbitrage
            Buy on eBay or Amazon
              Buy from eBay or Amazon
              List the book on Amazon as FBA -- match the lowest FBA price
              Ship the Book to Amazon
            Example
              Movie: Fantastic Beasts and Where to Find Them
              Book: 1408803011
            Rule of Thumb
              Best Seller Rank (Books) < 350,000
              At least $20.00 profit
      Arbitrage 7
        Trade in Arbitrage
          When lowest FBM price is lower than Amazon Trade in Value for the book AND there is enough profit
          NOT RECOMMENDED -- USE FBM to FBA INSTEAD
          However -- Amazon's Trade in Marketplace is a GREAT place to search for arbitrage books
    Opening your accounts
      US
        Link
      FBA
        Link
      International
        Link
    Homework
      Use Amazon Trade In Search to find Textbooks for Arbitrage 1 and/or 2
        Link
      Search for the word Textbook or Textbooks PLUS a subject.
        Example
          textbook physics
      Find 3 potential arbitrage books
    More examples
      007144906X
      0521609690
      0130542547
      1451183909
      1433104539
  Class 2
    Conditions
      New
        Just like it sounds. A brand-new, unused, unread copy in perfect condition. The dust cover and original protective wrapping, if any, are intact. All supplementary materials are included and all access codes for electronic material, if applicable, are valid and/or in working condition.
      Used -- Like New
        Dust cover is intact, with no nicks or tears. Spine has no signs of creasing. Pages are clean and not marred by notes or folds of any kind. May contain remainder marks on outside edges, which should be noted in listing comments.
      Used -- Very Good
        Pages and dust cover are intact and not marred by notes or highlighting. The spine is undamaged.
      Used -- Good
        All pages and cover are intact (including the dust cover, if applicable). Spine may show signs of wear. Pages may include limited notes and highlighting. May include "From the library of" labels.
      Used -- Acceptable
        All pages and the cover are intact, but the dust cover may be missing. Pages may include limited notes and highlighting, but the text cannot be obscured or unreadable.
      Unacceptable
        Includes missing pages and obscured or unreadable text. We also do not permit the sale of advance reading copies, including uncorrected proofs, of in-print or not-yet-published books.
      Unsaleable Books
    Search Methods
      Amazon Category Search
      Trade In Search
      Textbook Search
      College Course Search
        college class textbook list
        college course list
  Class 3
    Listing Supplies
      Scissors
      Magnifying Glass
      UnDu
        Link
      Lens Cleaning Cloth
      Scotty Peeler
        Link
      Card table
      Shipping Tape with Holder (not packing tape)
      Boxes (12 x 12 x 12 or 12 x 12 x 10)
      Ruler
      Scale
        I use "Smart Weight" (see link) but bathroom scale is fine starting out
          Link
  FBA (fulfilled by Amazon vs
FBM (fulfilled by Merchant)
    FBA Offers tend to sell at higher prices than FBM. Why?
      FBA
        Shipped by Amazon
        People Trust Amazon
        Qualifies for Prime
        Free Shipping
        Fewer FBA Sellers
      FBM
        Most sellers use FBM
        Discounters
        Have their own warehouses
        Charities
        Don't do a lot of price research
  NOTE: All Classes will be recorded and added to your member's area.
    Link
  Terminology
    PV -- Potential Value
    Filters (or criteria)
      The specific categories of books that I look for that have a high probability of PV
      Categories I look at
        Non-fiction
          Textbooks
            College Textbooks
            Elementary and Highschool Textbooks
            Pseudo Textbooks
              Books Related to Career or Profession or Business
              Woman's Rights / Feminism
              Recent Business Books
              Military Strategy or History
              Race relations, Equal rights
              Computer Languages
                Within 3 year
              Major Historical Events or people
              Books published by a University Press
          Other Potential Sellers
            Niche Collectibles and Niche Price Guides
            Very Niche (one of a kind book)
            Cookbooks and cooking
              Good Sellers
                Specific styles of obscure cooking
                Specific Regions
                Specific Chefs
                Specific Restaurants (more exclusive)
              Duds
                Microwave Cookbooks
                  Exception: Microwave Cooking for One
                Compilations (readers digest. 101 ways, New York Times, etc)
                Ordinary everyday foods (pasta, seafood, steak, etc)
            Hobby / Leisure (more obscure the better)
            Local government management books
        Fiction
          Graphic Novels
          Video Game Strategy Guides
          Classics (used in College Literature classes)
        NEVER SELL
          Books with "Do Not Sell" on the cover (front or back)
          Books with "Uncorrected Proof"
          International Edition Textbooks
          Teacher's Edition Textbooks
          Water damaged books
          Copied Book
    BSR
      Amazon Best Seller Rank
    ISBN
      Unique Number used to ID a book on Amazon
      Used since 1976
    UPC
      Bar code -- can also be used to ID book on Amazon
    ASIN
      Amazon Stock Inventory Number -- can also be used to ID book on Amazon
    FBA Sellers
      Fulfillment by Amazon
        Send your books to Amazon and Amazon ships to customer when a book sells
    FBM
      Fulfillment by Merchant
        Merchant ships to customer when a book sells
    Third Party Sellers
      Both FBA and FBM are considered 3rd Party
    Listing a Book
      Look Up
        ISBN or UPC or ASIN
      Enter
        Condition
        Condition Note
        Price
        Units (Quantity)
    Conditions
      New
      Like New
      Very Good
      Good
      Acceptable
    B.O.B Scanner
      Your Big Ol Brain
      Useful when Offline Sourcing to spot books with PV
  Resources
    camelcamelcamel.com
      Link
    FBA Calculator
      Link
    Profit Bandit (Offline Sourcing Only)
      Link
    Keepa
      Link
  NEVER SELL
    Books with "Do Not Sell" on the cover (front or back)
    Books with "Uncorrected Proof"
    International Edition Textbooks
    Teacher's Edition Textbooks
    Water damaged books
    Copied Book
    eBooks