Making Money Archives | Pro Books Arbitrage

Category Archives for "Making Money"

Feeding the Beast: Growing Our Home Business.

Feeding the Beast:
Growing our home Business

Have you met the BIBS, our beast? The BIBS is our Business of Internet Book Selling, and we love the BIBS so we want to keep it happy and healthy.

Want to know what we're doing right now to take care of our BIBS?

Finding a viable home business.

Many of you know our story, through trial and error and investing of time and money my husband I searched for a business I could do from home to help with our financial situation. 

In the midst of that, I wrote web content, creating a portfolio of sorts on MyWordsforhire. I wrote podcast show notes, wrote for and worked briefly as a virtual assistant for Bear Paw Creek, then created a website for Piccadilly Bath & Body.

My husband was also working from home (beside his full-time work as a pastor.) We were both working hard and, while we often enjoyed our work, we just weren't able to make ends meet, much less get ahead.

If you want to view a video interview where Jim talks about this in our lives you can view it here.

The BIBS was the right business for us.

Our journey started with book trades and we basically gave it three months to prove to us that we could use it as a part-business home business for our family.

It did, but we found the best way to grow our business was to focus on buying and selling books as well (which is called book arbitrage.)

When that three months was over we were convinced that we should pour ourselves into this online book selling business to see if it could be THE family business for us.

After a year, we decided it was.

What about this business convinced us that it was right for us?

There were several factors but the potential for our book business to grow fast enough to support us certainly sits at the top.

Within the first year we made just over $100,000 in sales. I'll explain later why that wasn't quite enough to support our family on, for now, let's just say, we were blown away.

Here are some other reasons why this business seemed right for us (in no particular order.)

  • We enjoy working together and we get to do more of that now.
  • Our kids have the ability to earn money while helping the family by growing our business (we don't live super close to any big town, so until our kids have a car and can drive, money making options weren't just huge.)
  • We have lots of books (that could be a pro or con, but I love snagging books off of our pile to be sold.)
  • We control how, when, how much we work. We actually like the work we do, so sometimes it's a matter of trying to limit it.
  • We're able to run this business very profitably with little risk and still grow it very quickly with diligence and hard work.
  • Did I mention books?

Unexpected expenses!

My husband was still working for most of the time that we built our business. Once we got it to a certain level, we started investing most of our profits, but saving a bit each month for a down-payment to buy a home where we could expand our book business.

We were hugely blessed to be able to purchase a property with two buildings that we could turn into our home and into our business.

Then we had some unexpected expenses.

All of our cushion got eaten up! 

Um, basically we made enough to pay a lot of taxes and we had other expenses we did expect which came and ate up the money we had put away.

We still had enough coming in each month from the business that we could still live off of the business, but we didn't want to starve our beast, the BIBS.

We love our BIBS and we've worked hard to grow it!

So what are we doing? Well, Jim is selling pools this summer (Do you need one? Let us know, they are good.) Part of they reason he decided to do that is so that he can go back to full-time Bibbing after the summer. 


In the main time:

  • I'm still working on this website and doing a little bit of other work on the side (and being a mom.)
  • My son and I sold some books at a Homeschool Curriculum Event.
  • Our kids area taking care of a lot of the shipping and trades.
  • Jim is still buying books in the morning and the evening as he can.

We're all working hard to keep this BIBS going

Which has brought us a few insights about ourselves and the our BIBS Beast.

First, the BIBS is worth the extra work to feed and grow it.

We don't want to go back to the financial situation we were in before we took the plunge and started this business. We want to grow it even more. It's been worth it to find other sources of income so we don't drain all of the money off of our business and kill it.

Related: The BIBS needs cash to grow.

In a bit here I'll explain some of our goals and the rational. The premise is that you always have to budget to feed your business. You can't make your financial goals for your family finances and not include the cost of keeping your business going. 

Time and Money: The BIBS pays us best for our time.

My husband is averaging better than minimum wages for his pool sales (and that's even with having less than the company told him he could expect for his work. We're really glad that he has the work and he's met some great people. 

But guess what? If you put the time he spends traveling to his appointments to talk to people and the amount he gets paid up against the payback for time spent buying, listing and selling books with the family? It's no contest!

It's just one more confirmation that we really love this book business and, as a team, we're really good at it.

A glimpse at our sales this month.

I'd like to illustrate something for you by having you get a look at our book sales this month. It's important because it can help you to understand how to look at your goals for your own BIBS.

Here is a look at our sales. I'd like to explain to you one of our first goals and why that goal roughly makes sense. 

Here near the end of this month we've made about $12,000 in sales.

One of the minimal goals we set was this:

When we were trying to gauge whether the BIBS was working for us that first year, we asked the question, "Will this replace our current income?" That makes sense to everyone I'm sure. At the time, our income was a bit over a thousand dollars a week.  

So we needed our BIBS to make for us at least a thousand dollars a week or more for us.

So in simple math, a bit more than $4,000 a month right?

No, wrong. 🙂

Here's why. When we talk about sales, that's not what we bring home. That's the total amount of sales from our books for that month, but that's not the whole story.

Here's what our minimal sales goal was:

We needed to make enough money in sales each month to: 

  1. Cover all Amazon Fees.
  2. Pay for our living expenses.
  3. Buy more books for the future and grow our business.

So really, our minimum monthly sales goal average is more like $12,000 an month.

And yes, that's what we made this month. 

Just remember a few things, that's the minimum for us (I don't even want to tell you what we spend just for groceries to feed our wonderful brood.)

Not all months are the same. We're going to have some big months coming up with textbook season; those are going to be very profitable. However, not all months are that amazing. We are looking at an average month in this screenshot I do believe. 

Truly, we're working hard to continue to put money back into the business and free up more money to buy books because the amount of sales we're making needs to be more in order to sustain putting money away for emergencies and other related things. 

$100,000 in sales our first year!

Running the numbers here, about a third of the money from those sales went into expenses for buying the books and paying for shipping, supplies and Amazon FBA Fees.

That leaves about $66,00. If we figure (at minimum) about a thousand a week to live on, that's $52,000 for our family to live, eat, breath, pay for rent (or a house payment) insurance etc. So that would leave around $18,000 for reinvestment in the business (oh yeah, and the taxes for making all of that money.)

So the choice we made was not to live off of much of the sales in our BIBS at that time, but to put as much of it as we could into buying good books.

So far this month our sales are up 61 percent from what they were last year (So we've made as much in sales as what we made in May last year plus about $4,000 more.) It's looking more like a sustainable beast. 🙂

Really? I'm looking forward to having Jim back at the business full-time because I think our BIBS beast is doing well enough that we can feed it and feed us as well. 

To be continued, I'm sure! 🙂

So, here's your homework, if you please.

May I humbly suggest the following?

If you haven't already done these thing in thinking about your family business (any business,) get a good accountant and do this:

  1. Write down your monthly living expenses.
  2. Write down the costs and fees of doing your business (make sure your profit really is more than the cost.)
  3. Write down how much you need to keep investing in your business (monthly) to keep it growing and healthy (for us, how many dollars worth of books and supplies do we need to buy.)

Add that all together and that amount is what you need to have a family business fully support you  (minimally.)

Remember, if you expect your business to take care of you, you need to plan to feed your beast and care for it and grow it. Don't let it die on the vine (mixed metaphor here.)

If you find a good beast, you want it to thrive! 

Grow a thriving BIBS.

Lesson 1 available for preview!

Books

Start a part time business and turn it into a full time business.

Looking for a part-time business to fill in some of your financial gaps or give you more financial freedom?

In the last couple of weeks I've had discussions with a friend and two new acquaintances about whether book arbitrage is the answer to their income needs. Here I'm sharing my thoughts on where the BIBS (Business of Internet Book Selling) fits best as part of an overall plan to increase income and gain financial freedom.

In tomorrows post, I'll finish with where Book Trades can fit into the big picture of transitioning your BIBS from a part time business to a full time one which supports your income needs. 

Building a Book Business

What are your income needs?

If you have absolutely no money and no job then building a book arbitrage business the way we have is not an option for you.

If you're looking for a paycheck to bring in groceries for next week and pay rent this month, BIBS isn't likely to do that for you. Those are important short-term goals that can't be met by a book arbitrage business, in my opinion. BIBS was our long-term goal, because our short-term income solutions were slowly getting us more and more behind.

What needs to be in place to build a BIBS if you have nothing?

  1. You need to get/keep a job (or two) that will cover your living expenses.
  2. You need a way to invest $50 or more a month in books that have great ranking for sales in Amazon. 
  3. You need to be able to re-invest in your business all the sales that your BIBS is making (don't live on it,) until the sales are enough for you to live off of them and keep re-investing in the business. It took us a year and a half to do that.

Building the BIBS when you have available cash.

In this case, if you learn to do the book business well, you can take money you have set aside and grow it. We know several people who are using the book business to grow their retirement income. If you're this person, and you find the book business fits you well, you can grow your BIBS quickly and that's exciting!

But honestly, this post isn't focused on that situation, though I have written some about it and will continue to. On my mind right now are people who are really financially struggling and why it could be worth it to scrimp or get an extra job (temporarily) in order to support a growing BIBS.

Why the BIBS is a good long-term income solution for our family.

And why it might be worth it for you too.

Let me paint you an honest picture of our finances in the last 20 years or so.

In the past 20 years, three times my husband took a pay-cut in a job change because it made sense for other reasons. We looked at our budget, felt strongly that if we were frugal we could do it and it would be worth it. No regrets about that, but we thought we were doing better than we were. If something broke down, we didn't have money to pay cash sometimes, although more than once we saved up to pay cash for used vehicles and we were really trying to be very responsible.

  • We didn't have any investment property at all as we lived in a parsonage for around 3 years and a home on a camp property for about 5 years before that. The living arrangements were considered as part of our compensation. Looking back, it would have been great for us to have planned to add even just a thousand a month to have as a down payment for a home in the future (the book business would have been great for that, what did we know then?)
  • Our living arrangements had to change due to health issues and our living expenses went up as we added rent to our budget. On top of that we had medical expenses that we struggled to cover. Without Jim's mom and her help, we wouldn't have been able to do what we did for our daughter's health.
  • We decided together that I would start working to help with our finances. But we both thought I should work from home. That started my journey as a content writer for websites and podcasts. Jim also started working part time doing that as well as his full time job. Even when it seemed like we were working a lot of hours, we couldn't get ahead of the bills and we could save up a down-payment for a house (we were still paying rent.)
  • Honestly, we needed a business that would help us grow our income exponentially and none of the work we were doing for others was doing that for us. I see now that the key was that we needed to own our own business. But many of the other businesses opportunities call for more money than we could dream of affording.

An affordable part time business.

If you have enough money, and you're good at it, you can buy and flip houses. If you have lots of money, you can buy a franchise or buy and existing business that is thriving.

We didn't have that kind of money, but we began to see (and my friend had been telling me for a long time,) that the best way for us to grow our income was to start our own business.

We started by purchasing the system that introduced us to the concept of book trades and book arbitrage (buying and selling books.)  We invested our hard earned money in that system and yes, it was scary. We decided to give it about three months to prove itself and it did.

After we saw the results from the first textbook season, we decided that, for us, it was all or nothing. Even when we've scrimped we've kept up with our credit cards and debt so we have good credit. We decided to risk purchasing on one of our credit cards for the next textbook season. We believed that if we saw the same results from the last season, we would be able to pay off the card in three months and use any profit to re-invest in our business.

That's what we did.

I'm not recommending it, but it's what we could do and what we felt we needed to do. For various reason, we really need to move out of the house we are in. Our goal was to build the business quickly and be able to save a down-payment while we kept re-investing in our business. We were able to do that. We haven't bought any books on credit since then. We've saved a down-payment, we're buying a home/business.

The book business still isn't where it needs to be for us to be able to afford all that we want to do for our kids and family. We hope to reach some very important goals by next year and that's what we're building toward.

Building this business wasn't cheap, but it was doable for us. 

Let me just compare this to getting into the real estate market (which I might like to try some day.)

  1. Affordability? Um around $3,000 to give it a "try". I'm pretty sure you can't get into real estate for around $3,000. Any argument on that?
  2. Opportunity for failure? Yikes! Honestly, I do want to try flipping a home some day, but all the things I could get wrong? And all that investment in ONE HOME? When we made mistakes in our book business (and we did,) it amounted mostly to the double digits and occasionally into three. We were able to learn from all of them without crashing our business. Plenty of room to fail without really FAILING! :0
  3. Financing? No problem, we had good credit and could borrow a "big" amount, using a credit card, to push our business to the next level after three months. Asking a bank to let us do a real estate "flip" investment on their dime probably wouldn't have happened a year ago (and probably not now!) 

Want to Build a full time business using BIBS but don't want to use debt to do it?

I think you're wise. 

To exponentially increase your income, build your own book business. You can do it slowly, you don't have to fast-track it like we did.

Do it while you're in college. Do it just a couple of hours a day as a stay-at-home mom. Do it in the evening after you get off work. Try it for a year and see what happens. Start with a small goal, like investing $100 a month. Re-invest that money; don't live off of it. Don't use it to buy chocolate or dog food. Acquire your movie and Ramen money from some other means. Don't touch it! Re-invest it all!  

Be obsessive and compulsive about it and enjoy it.

How does this look using the experience Jim and I have had doing the BIBS?

Let's take a general, working example. Let's start with 10 books, bought at an average of $10 each. (That's $100 for you math experts!) 

  • Month 1: Invest: $100 in high ranking, profitable books and sell 30% the first month earning around $45 in profit.
  • Month 2: I invest $100+ $45 back into the business and sell 20% of the books earning around $75 (notice, I still have 70% of the books from the first month and 80% of the books from the second month in stock)
  • Month 3: I invest $100+$75 (that I made on sales last month) back into the business. I sell around 20% of the books in your inventory so I have a profit of $105 (at this point, if I sold all of the books in my inventory at the price at my projected prices I would have around $400 in sales.)
  • Month 4: I invest another $100+$105 (last months sales.) Whoohoo, textbook season. I bought bunches of textbooks and now they are really selling. I sell about 60% of my current inventory which includes all of the books from the past four months (Books I'd bought which hadn't sold yet because they were textbooks and sell best during textbook season.) This month I make $405 in profits (after my Amazon fees and shipping supply costs.) I've invested $100 a month, $400 total and I've made that back and on top of that I have built of inventory in my FBA bookstore.
  • Month 5: I invest the $100 this month as well as the $405 I made during the first month of the textbook season for a total of $505 I'm able to invest in my business this month. This month I sell about 50% of my inventory so my sales this month are around $1,000, making my profit $518 for the month (after fees.)
  • Month 6: I invest my $100 and re-invest the $518 and my sales are around 20% this year because sales have dropped after the textbook season, but it's a great time to buy cheap books, so my money goes further. I make $288 in profits. I'm a little bummed, but I'm hanging in there because I've got great inventory for the next textbook season. These 77 books are potentially worth around $770 in profit to me ($10 each after my $10 investment to buy them and my estimated $10 cost for fees.)
  • Month 7: I invest $100 as well as the $288 I made last month. Low sales again, only selling 20% of my inventory. My profit is $345. However, I have around $920 invested in my inventory right now, which is worth around $920 to me in potential profit.
  • Month 8: I invest $100 and the about $345 I made last month (which was a bit slow). But I'm so excited that I've made over $2,000 in sales THIS month ($1,020 in profit after my Amazon fees.) That is because it's textbook season again. I still have 68 books potentially worth $around $2,000 in my inventory and I expect to sell a bunch next month as well.
  • Month 9: I invest $100 as well as the $1,020 from last month's sales. I know have around $2,000 worth in inventory and expect to have another good month. I sell about %30 percent of my inventory and make about $1620 in sales this month and $810 of that is profit to re-invest.
  • Month 10: I invest $100+$810 from last month's profit. I'm bummed because I have to have some of my slow moving books sent back to me and I payed extra fees for long term storage.  I also sold about 20% this month (for $1,302 in sales this month. My profit was $651.
  • Month 11: I invest $100 this month as well as the $651, my profits from last month. I only sold 20 percent of my inventory this month and made around $1,470 in sales, with around $735 in profit. Looking forward to next month and another textbook season.
  • Month 12: I invest $100 this month as well as the $734 in profit during this textbook season. I still have around $199 books in my inventory. My profit this month is $1,275

By next month I'll have $8,460 worth of books in my inventory for the first time. That's 282 books at $30 each. If I sell 50 percent of those books (141 books) during the textbook season (my sales would be $4,230,) I'll easily have $2,000 to invest in books for the next month.

I can finally see that my book business is taking off.

I can now see myself consistently re-investing from $1,000-$3,000 every month over the next year.

The keys are:

  1. Buying books that won't sit a long time on the shelves in an Amazon warehouse.
  2. Keeping track of my books and money.
  3. Reinvesting the profits from my sales instead of living off of them.

Does this seem far-fetched?

It's not.

It jives with our experience, because we did the book business the right way, obsessively and compulsively.

The main difference is this: We borrowed the $10,000 to get us going after the 3 month trial phase. That first year, we ended up with $100,000 in sales. For our family's needs, that wasn't enough, so we kept re-investing for 6 more months. We're pinching pennies now, but in another year, I believe we'll be thriving off of our BIBS.

If you don't want to borrow money, I believe it is possible for you to have $100,000 in sales in two to three years time (we did it in one, after borrowing that first $10,000.)

Can you build a business like this in two or three years without any debt? I believe you can and more. Three year?!? That's a long time, but where will you be two years from now if you don't do something?

The thing is, you can do this from home if you have access to the internet. It's something you can do to build for retirement, or to build it up to become your family business (like we're doing.) For our family, we still need to build it up a bit before we can live off of our BIBS (Business of Internet Book Selling) and also continue to put money back into it to grow it. But we're close and we're doing it. How about you?

Interested in learning more about growing a BIBS?

You can preview the first lesson from our BIBS Basic Membership portion of this website to if you like, just sign in using the button below.

Online Home Business: Book Trading for Profit

Book Trading: Easy Money, Super Fast.


Book trading is a great way to start a home business. It's not for everyone and it doesn't boom year around, but it's a great way to get started. If you want to know more about doing book trades for a home business, take a look at this post by Jim's "Book Trading Maestro" daughter, Jewel the Froggo.


So, what is this trading?

Trading is another way of making money via buying and selling books on the internet. It is different from what we call arbitrage, which is selling on Amazon. It’s different because it’s buying to sellback or ‘trade’ to another company. Sometimes the same company you buy from!

So there are easy things and not so easy things about trading.

Easy to Grasp

For those of us who aren’t geniuses about turning money into more money- i.e. me, there are simpler ways to make cash than crunching numbers and telling hundreds of people what to do.

I’m not the smartest potato in the stew pot, but I was able to learn this stuff with thirty minutes or so of patient mentoring from my dad. Of course I’m not promising immediate and complete success as soon as you start, but because it’s much simpler and less risky than Amazon selling, I think anyone can handle on it with a little practice.

No Reputation Building

Another way it’s different from arbitrage is that you don’t have to build up your company and worry about unhappy customers and A-Z claims. The companies you’re buying and selling to have done all the work for you! When you buy books to trade, they don’t care who you are and they won’t give you bad reviews for failing to carry the trade through. Clean slate every time.

Limited Time Offer!

Searching for trades is like a seasonal treasure hunt. December and January are great times to be searching, then from May through September. Beyond that you probably won’t find much, even if you’re searching like a pro.

The reason for this is because the textbooks seasons are right in that sweet spot when students are still shopping for books so companies want to get as many books as they can before it ends. You buy it for five, they pay you ten for it and sell it for twenty (or something ridiculous like two hundred). Everybody gets cash, everybody’s happy!

Fast Money!

Unlike Amazon Selling- which can take several months, you’ll get your money back within a couple weeks with an average profit of 30%-90%. So while you might make less money over all, you’ll earn it a lot faster.

You only have to spend small amounts of money when you have it to buy one or two books online and turn them around for a bit of extra money. No long term commitments here. Spend five minutes and ten dollars today, then another five minutes next week and by week two you have fifteen more! Then do it again. And again. Now you have a HUNDRED moneys from five!

When it Goes South


Trades won’t always work out. Typically when you order a book, you want them to be Used: Good condition, but they’re not always as described if y’know what I mean. When you receive your trade book, you should always examine it carefully. Here’s some things that will probably rain on your trade party.

  • Suspiciously excessive black or green tape around the top and spine of the book that say something like recycled or used book.

This is an Instructor’s edition and I don’t know of any company that accepts these for trades.

Usually the seller will say something to the effect of: “Used book store stickers/tape but otherwise good condition etc.”

  • Instructor’s Edition,

Says not for retail on the back with a big warning signal, or I.E.

Another variation of this is International/Economy Edition. You can’t trade these.

  • Water or smoke damage

  • Broken spine

  • Ripped pages

  • Excessive writing/highlighting

Nobody quite has the same definition for excessive, so this there’s a little wiggle room here. Some companies are relaxed about this and others are persnickety and you’ll lose your money, so use your judgment as to which company you’re selling to.

  • No Access Codes/CD

Some companies specify they want their supplements with the books so I try to avoid those trades because used books with Access Codes and Cd’s are far and few between.

However if the company says nothing about needing and supplements- even if the supplements are usually with the book, you can go ahead and trade it!

  • Counterfeit Copy

Some book sellers buy counterfeit books from out of country and sell them really expensive. Students don’t know the difference, but to big trade companies this is serious because they don’t want to get sued by the authors.

Typically missing a copyright page

Thin, almost see-through paper

I Got Garbage Books So...?

Don’t worry! There are steps you can take to get your money back. For those of us who have an Amazon store, you can sell the ones that aren’t obviously too bad, a Student Edition in Used: Acceptable Condition maybe. But the following editions can only be returned: Instructor, International, Economy, and Counterfeit.

For this reason I try to buy from sellers I trust and/or sellers with an excellent return policy. With trades there’s always that risk and reward side to it. When you make a trade you should always have a contingency in case it doesn’t work out.

The PROCESS

Here’s how it works. There’s a few primary tools I use to search for trades, but I can't reveal all because my dad wants people to pay for mentoring. Don't want to get in trouble here!

First I go to my online search tool and go down the list until I find one that looks promising. It's great at finding buyers but they don’t have all the sellers that are possible so that’s why I copy the ISBN from there and head over to Bookfinder.com where I paste it in and find my results. From there I can access my favorite sellers and buyers.

I see Textbooks.com is buying a book for thirty dollars, and Thriftbooks is selling Good for only fifteen. That’s an excellent trade. So I buy the book and make the trade order (just like buying a book online, only it's an order to sell the book) with Textbooks.com. I know Textbooks.com has a time limit of thirty days so I have plenty of time for Thriftbooks to get it to me in time to get it out again.

It’s important to note here that you should track what books you buy, who you buy them from and who you’re selling them to. I use an Excel Spreadsheet.

Next week I receive the book from Thriftbooks and I examine it. Assuming it is in Good Condition- tradable condition that is, I’ll first go back to Bookfinder and make sure nobody is buying it for more than my first quote.  If there is a better trade by all means take it! You’re going to be shipping it immediately so there’s no reason not to make a little extra cash.

Get the label from the trade company, pack up the book and (hopefully) get your money by next week.

Practice Makes… Better

Like most things in life, if you practice book trading you can get better at it! There’s so many things I didn’t know when I started out that I’ve learned just by trying different things and experimenting. I have a 90% success rate of my trades and that’s pretty darn good I think. But maybe I can make your life a little easier by sharing a few tips about sellers and buyers.

Good Sellers to look out for:

  • Thriftbooks
  • Amazon
  • Biblio
  • Abebooks
  • Textbooks.com

All of these, both company and merchant have good return policies and they very rarely disappoint anyway. With Thriftbooks and Biblio you can get a lot of nice coupons too so that’s a bit of extra money.

Good Buyers to look out for:

  • Amazon
  • Textbookrush
  • Mybookcart
  • Textbooks.com
  • Booksrun
  • Valorebooks

Please note that Valore and Amazon will send you your book back if they don’t like it for some reason, but almost any other company will just keep it without giving your money back! So make absolutely sure when sending to other buyers that it’s a book they would want.

Summary 

So, trading can be a great supplement to your Amazon bookstore, or just a part time job, but either way it’s a fast, simple way to make cash for not a lot of effort. Don’t be discouraged if your first few tries fizzle up into nothing, it took me a few weeks to get the hang of it and now I’m a pro- or I like to think I’m a pro.


Jenette here, I asked Jewel to create this post and I really enjoyed it. I hope you enjoyed it too. 🙂 This truly is a family business for us and Jewel is getting really good at managing our book trades - we pay her 😉 

If you want to know more about the business we do you can take a look at our about page to view a video interview with Jim and learn about our journey in the book business and what it has meant for our family.

Grow a thriving BIBS.

Lesson 1 available for preview!

People Who are Making Money by Buying and Selling Books Online

People Are Making Money by Buying and Selling books Online

How do people make money buying and selling books online?

We understand the question, that's where we were a little over a year ago! Actually, to tell the truth, we weren't even considering the question because we knew so little about it. This type of business as a way to support our family wasn't even on our radar!

Who ARE these people that are making money this way?

Well, we are!

And if your look around our website, you'll be able to read our story. But the short of it is that we were in pretty dire straits financially and we tried about four or five other home based businesses. This is the business which fit our family the best. We like the independence it gives us combined with the growth potential. Pretty much, once we learned the ropes it all came down to how much we had available to re-invest in the business, the demand for our product is already there as well as the platform to sell it.

We'd like to show you others who are doing the same thing.

In this section of our blog, we'll be introducing you to other people who do what we do. We'll share with you the story of how they got into buying and selling books. You'll see the journey they took, the pitfalls they may have faced and we'll ask them to share a tip or two with you.

We hope to interview some of the people Jim has mentored in this business as well as some of the people who've showed him the tools and tips of the trade. Some of those types of posts will be here on our our blog and some of them will be in our Basic Training section and in our Advanced Training section.

Make sure you're receiving the latest from our blog!

If you want to make sure you're getting updates on posts like these, and our tips on sourcing and selling books, you'll want to sign up below. As a bonus, if you sign up for updates, you'll gain access to our free tutorial on the basics of buying and selling books online (which will give you insight into whether or not you think it's something you'd like to do.)

Grow a thriving BIBS.

Lesson 1 available for preview!