Greg Murphy never had trouble selling his textbooks when the college semester ended. The Wright State graduate has turned that skill into a book business that generates nearly $1 million a year and today Greg is here with Robyn to talk about the incredible profit to be made selling books on Amazon.
Greg buys books by the truckload, sorts them at his warehouse on in Dayton, Ohio and sells them online to Amazon and wholesalers like Half-Price Books. If the book is too beat up to be sold then he offers them at a deep discount at his warehouse to the public before recycling them. Greg and Robyn discuss the systems and processes Greg needed to establish to move the volume of books he sells every month. As Greg said, “Sourcing the books is the easy part. The systems to move them efficiently is the hard part.” So Greg spends the majority of his time refining current processes and creating new processes to make his business even more streamlined and profitable. There is money to be made in book selling – there isn’t another category that offers such high margins, and as Greg hates shopping, retail arbitrage is out for him!
Greg is offering “Ask Me Anything” workshops and if you are interested in starting a business that will run itself – sign up for the free workshops at the link below.
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