Today, you must be hearing a lot about Amazon, Prime, FBA and a mad rush for many looking into starting a business one way or another on Amazon. You must have been hearing many stating the amount of income they are making just from selling on Amazon.
Since Amazon has been up for many years, you think the early birds and the lucky ones who learned about making money on Amazon early enough have closed the gates for any other individual to jump in now and make a decent amount of income
I would like to say you are looking at it the wrong way. I started selling books on Amazon a year ago (this post was created) and I am already making 5 figures in sales. But do you know there have been people selling books on the platform many years ago? I have read about 15-year-old booksellers and that doesn’t mean the opportunities are already exhausted.
Why Many Think That Way?
Anyone who thinks a market is saturated or there are no opportunities left in any business or industry have different problems and issues not even related to the business in question or how impossible it can be to succeed.
If you have ever thought of a business this way, then I can say the reason behind would have been one of the following;
- Just to give yourself an excuse not to take action.
- The fear of failure
- You let other’s opinion decide for you
- Lack of self-confidence
- Hopelessness
I can go on and on to list numerous other reasons that will make people think otherwise and use the opportunities that come to them.
Why It Is Wrong To Think That Way
Selling used books on Amazon is a huge industry today compared to many years ago but what you need to know is, it is never too late. With the right mindset and strategy, you will always succeed.
The same way you think there are people coming in to sell used books on Amazon, it is the same way many others are
dropping out as they lack the qualities you already have which is building your mindset.
Many have achieved what they wanted to achieve selling books and are ready to move on to other better businesses out there. These are individuals who are using the book business as a stepping stone.
To be successful “80% is your mindset and 20% is mechanics”. And success is doing what unsuccessful people are not willing to do. Opportunities for selling books come up every day, books are being published every day and there are hundreds of millions of books to be sold.
All you need to do is build your mindset, write down your goals and design a flexible strategy to follow and stick with. You will have to change your beliefs and start taking action.
Instead of asking the questions of will it work? Rather ask the question of how can I do this better than any other competitor? What strategies can I put in place to achieve immediate success?
Reasons Why Amazon Is Not Saturated
Now let me give you some reasons why the Amazon bookselling opportunity is not saturated in any way.
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Books Come Out Every Day
There are new publishing businesses and publishers coming up every day. New books are being published day in day out. With this possibility, there will always be a book, someone will need somewhere in the world. There are more writers today than there was 5, or 10 years ago. What about 10 years from now?
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The Huge market Amazon Creates
Amazon is growing every day and going international which means more book lovers, students and researchers will be able to buy books to satisfy their needs. The customer base of Amazon is rapidly growing compared to other platforms selling used books.
Over 40% of American households are Amazon Prime members. And the majority of Americans start their search from Amazon for lower prices which means customers know the best prices are on Amazon.
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The Price Of A New Book
As new books are being published every day, we all know they are not price friendly. Every new book produced creates an opportunity in the used book industry. Many people prefer to get a cheaper used book than an expensive new copy. With this belief, there will always be an expanding market for used books.
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Textbooks and College Students
Colleges and students will always create a huge market for used books. This is because students are ready to pay less for a good used book than paying more for a new book. At least they can save up some money to go grab a beer or take their girlfriends out for dinner. Have you witnessed the increase of new students every year?
Well, for me and how I know it is through my sales during textbook seasons. I have experienced 2 textbook seasons since I started selling books and my sales doubled sales from the previous textbook season. Is there any way you can explain this to me if the market is saturated?
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Sellers Drop Out
The same way you think many booksellers come into the market every day is almost the same way many sellers drop out or move on to other opportunities. There are many prosperous business people out there who started by selling used books and transform their business to another level.
A good example is Dave Hamrick from Jungle Scout. He is now moved on to private branding and labels from income generated from selling books on Amazon. Believe me, there are many out there who are moving on creating some space for newbies to spread their wings.
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What Some New Sellers Are making in just the first months
If you can imagine how the new booksellers are crushing it big time selling books on Amazon, you will relegate the thoughts you have about selling books on Amazon. I have seen sellers make over a thousand dollars in sales from the very first month of selling books on Amazon.
If the market was saturated how will a new bookseller jump in and make 4 figures in sales in the first month?
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The fact that the market is for used books and not new books
Since our business is focused on used books, it creates the possibility to find books to sell easier and limits huge competition if it would have been the case for a new book. These limitations give every individual bookseller the chance to sell their own copies of used books in their possession. And once a used book is sold the circulation can go on for years and years
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Where do you think you can easily find a book which is not being printed anymore
Have you ever been looking for a great book that is not being printed anymore? There are thousands of people going around looking for books that can only be bought second hand and are willing to even pay a price higher than the original price for a new copy.
I have had requests for specific books from individuals I come across from my book business. With such demands, there will always be a market for used books and Amazon which is considered the largest used book market will be the only alternative.
The Other Way To Look At A Saturated Market
If you think a market is saturated, why don’t you take a step back and ask why it is that way? No group of individuals in their right minds will be going after a certain program or business if there is nothing to be gained out of it.
For some individuals, this is a signaling function to let them jump in and make the money they can make. For them, it is the right business to get in. There are market scanners out there who will only take advantage of a business only after they see a rush to such a market.
Through this means, many have gone ahead and lay the path straight for you to come in easily. They have figured out all you need to do, make all the mistakes you can learn from and provide you with the exact blueprint of what is working.
This is the strategy for many businesses and investors today who are not willing to take maximum risk companies do take at the beginning of any new industry.
As saturated as many may think the book business can be today, it is a huge opportunity to say there is gold for the rush.
EndNote
It is very easy to give our self’s excuses to not see opportunities that come to us for a reason. If you believe selling used books will get you what you need then start today. Invest your time in asking the right questions that will make you succeed.
Go to learn why you should start selling books on Amazon. Get a mentor who has already figured out everything and has already made all the mistakes for you. Look for mistakes about selling books on Amazon. Learn how much money you can easily make just selling books on Amazon.
If you open your eyes to see how possible it is to still get on the train, only then things will start falling in place.
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