The guest on today's episode is Omer Muhit. He is a successful Amazon seller who specializes in reselling books. Over the years, he has sold millions of books. His computer science background has been a significant asset to his business, as it allowed him to co-found a software company that provides powerful tools and services for other Amazon sellers. In today’s episode, he discusses retail arbitrage, an alternative business model for online arbitrage.
Takeaways:
- Selling used books can earn you a good living.
- It is important for you to keep track of the inventory value you hold.
- If you want to sell used books online, you can start with books you already have, or you can get books free from your friends or neighbors.
- You can buy used items in bulk from nonprofit organizations for a lower price, then resell them for a profit.
Quote of the Show: Amazon has different criteria for measuring seller performance on inventory. If it is a fast-moving item, we send it to FBA. If it is a slow-moving item, we use the merchant-fulfilled model.
Links:
- Personal – Linkedin: https://www.linkedin.com/in/omer-muhit-74b730b4/
- OneStart Labs: https://www.linkedin.com/company/onestart-labs/
- Bookz Pro – Linkedin: https://www.linkedin.com/showcase/bookzpro/
- Bookz Pro – Website: https://www.bookzpro.com/
Ways to tune in:
- Apple Podcast
- iHeart Radio
- Spotify
- Amazon Music
- Audible
- Google Podcast
- Stitcher
- YouTube (Subscribe to the channel and leave a comment)
Amazon Legends is sponsored by Argometrix, the authority on, and a leading supplier of, competitive intelligence for online retail. To learn more, head over to https://argometrix.com/
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