Is Selling Books on Amazon Worth It?
You've probably wondered whether it's worth selling your books on Amazon. After all, Amazon prints paperback copies of your books as the orders come in. And you'll be making about 10% of your books' total sales each month. That may not seem like much, but it's enough to pay for a small office. And, if you're selling non-fiction books, you can expect even higher profits than you'd make with fiction.
Non-fiction books are profitable on Amazon
If you are wondering whether selling non-fiction books on Amazon is profitable, you are not alone. The truth is, non-fiction books can be quite profitable. Amazon's bestseller list contains hundreds of titles every day, and it's hard to compete with that. Not only are the prices lower, but you can also expect to earn more profits. For example, the average non-fiction book sells 250 copies over its lifetime. This is considerably less than the average 3,000-plus copies sold by a traditionally published book.
When choosing a price, keep in mind that Amazon's royalty rate is 70% on books that sell for $2.99 and above. The price you choose should be in line with your profit margin. A lower price means that you will get more money if you can win the buy box. Non-fiction books are also generally more profitable because people are paying for the information in them. However, you should be aware of the margins involved and make sure that you will make a profit once you sell your book.
Kindle Direct Publishing
Whether you are an experienced writer or a novice, selling books on Amazon is an excellent opportunity for both parties. Unlike traditional publishing, where you are tied down to the publishers' guidelines, AMZ offers the flexibility of self-publishing and the control to choose your own price and publishing platform. It's a great way to gain recognition and cash in on your creativity, and a good number of readers are already familiar with AMZ's brand.
The first step in selling books on Amazon is to create a Kindle format for your book. Once you've created the book in Kindle format, you can register it with Amazon KDP. Once you've registered it, you'll want to list it on Amazon. The more you list, the higher your royalty percentage will be. You can make as much as 70% of your book's total sales price by pricing your books at $2.99 or more.
Fulfilled by Amazon
There are two different ways of handling your book's fulfillment when you sell it on Amazon. You can choose to ship it directly from Amazon or to use Fulfilled by Merchant. The difference is in the speed of delivery, but both are equally effective. Fulfilled by Amazon is a popular choice for most book sellers. Depending on your goals, either option is appropriate. Here's how it works:
As the seller, you can choose between FBA and FBM fulfillment. If you choose FBA, you will not need to handle the shipping and storage costs, and you won't have to worry about getting a store credit. Fulfilled by Amazon offers a lower price than FBM, but there are still costs involved. Choosing the latter option will depend on your cost structure and resources. Here are some of the advantages of Fulfilled by Amazon:
The key to successful online book arbitrage is building your product pages to be above the rest. Amazon has a seasoned seller community. Building your product page to stand out from the crowd takes effort and smarts. However, if you can succeed in this business, you can enjoy a steady income without much hassle. But, before you dive in headfirst, here are some tips to get started:
First, keep track of your inventory. Use an arbitrage tool that can track inventory quantities, profit margins, and other details. You can try free trial versions to see how effective they are. Some of these tools offer advanced features, such as competitor monitoring and product research. You can also opt for a platform that works outside of Fulfillment by Amazon. Depending on your goals, you can try different tools to determine which ones are more profitable for you.