Summary of Steve Weber's Barcode Booty - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #1 When I started selling books online, I had to hand-pick each book, based on a gut reaction refined by experience. I realized quickly that profitable secondhand bookselling is counterintuitive. Bestsellers were usually money losers, while the oddball books were cash cows. #2 Power seller Chris Green recently sold 49 Dippin Dots ice cream makers on Amazon for a profit of $2, 357.
He also sold nine radio-controlled toy vehicles for $17. 50 each and resold them on Amazon for $59. 95 apiece, netting about $265. #3 The use of scouting apps has been around for a while, but they became popular among shoppers when phones with auto-focus cameras and fast Internet speed became common. #4 Scanning has fueled a boom in innovation. Specialized apps have been developed to help find profitable items more efficiently.
For example, Chris Green developed an app called FBAScout that displays additional data not just the online price, but also how much inventory competing sellers have and a sales rank to predict how fast an item will sell.