Increase Sales 10x by Expanding Across Multiple Marketplaces

Valore Books

Valore Books

When I first starting selling books on the Internet I picked Amazon.  The reason had nothing to do with the number of sales I wanted to make, how many people I thought bought on the site on a monthly basis or even how much money I thought I would make.  The sole reason I did was because it was the only website I knew of that sold books and allowed other people like me to sell books as well.  I had bought a few things on eBay here and there but had never really thought of it as a place to actually sell books.  In fact, I had a buyer’s mentality; I was going to go where I was most familiar and the site that I associated with books and that was Amazon.

Amazon allowed me to get my feet wet and learn a ton about selling things online in general.  I was introduced to the world of  ecommerce and I loved it!  I was working my full time job and after my personal library sold I would then venture out to yard sales, thrift stores, book sales and just about any other place that I thought may have some cheap books for me to sell online.  I was making a few hundred dollars a month which then I thought was amazing.  Amazon’s marketplace was the best thing that had happened to me in a long time.  However, little did I know that the hole went much, much deeper and by browsing the Amazon seller community forums and by Googling different strategies I could use to sell more books my eyes were thrust wide open by the potential that I saw out there.

You mean that there are other sites beside Amazon to sell books?  Other people actually go to these other sites instead of buying through Amazon?  At first, I couldn’t understand it.  Why would anyone go to any other site when Amazon has just about any book published and, at the same time, you could practically get your oil changed while browsing on Amazon it had so many items.  Then it hit me.  I was, and still am, a stereotypical American consumer.  I wasn’t a book collector.  I wasn’t a well to-do scholar nor was I someone that really thought about books other than as a commodity.  In my college days, I needed a textbook now and then, ordered some books about management for my job later on or occasionally bought a newly released best seller.  I thought if I needed a book, I’d go to Amazon, buy it and be done.  Amazon’s the Wal-Mart of the Internet.  Stop by and get everything you need in one shot.  Doesn’t everyone like Wal-Mart and shop there?  I was in for a major reality check.

By now, I’ve taken full advantage of my then marketplace ignorance.  I now sell on 10 different marketplaces and have increased my sales significantly from when I was just selling on Amazon.  Don’t get me wrong here though.  Amazon is still and will probably be for the unforeseeable future the place where I make the largest majority of my sales. However, by learning about other sites to list my books on and taking the leap by making a change and listing my books on other sites my sales shot up like a rocket.

Other people really do shop for books on other sites!  Book collectors, older, and more astute people just so happen to prefer Abebooks for it’s eclectic selection of rare and vintage books.  Want a signed copy of Grapes of Wrath?  Forget Amazon! Check out Abebooks.  How about those college textbooks I was mentioning earlier?  Sure, Amazon still sells a lot but did you know that Half.com is widely known for it’s super cheap textbooks as well? Check out eBay‘s book category sometime.  The last time I looked it had over 4.1 million books available!  Combine that with a spot at #8 for the most trafficed website in the US leaves a  lot of potential eyeballs on your books.

What about Alibris?  Once I found this gem of a book marketplace I was astounded with the additional sales that came my way.  Alibris has now become the “marketplace aggregator” if you will.  If you list your books once on Alibris, they can automatically get listed with Amazon, Borders, Barnes & Noble, Half, Books a Million, Blackwell’s, Alibris for Libraries, Alibris UK and most recently the hotly contested addition of Better World Books.  Now THAT’s what I call exposure!  Hell, even the brick and mortar behemoth Wal-Mart is now accepting some sellers to list their products on their marketplace.

See what you’re missing if you’re just selling on Amazon?

I always like to put my money where my mouth is so that you know I’m not just blowing smoke. Here are two screenshots of when I very first started selling on other sites and really didn’t get a grip on them yet.  The next one is a more recent month.  As you can see, the purple (Amazon) is still the biggest sales generator but I would be missing out on 46% more revenue if I just stopped there!

77% of all sales going to Amazon

77% of all sales going to Amazon

Only 54% of sales going to Amazon

Only 54% of sales going to Amazon

The goal of this post was not to gloat and tell you I’m so proud of myself but to show you to never be satisfied with your sales volume.  Never get to the point to where you’re simply comfortable. Success comes when you’ve surpassed your comfort zone and entered into uncharted territories.  Always be looking for a new edge or new opportunities to increase sales.  If you’re only selling on Amazon right now expanding to other marketplaces can be one of the most intimidating processes you can go through as an online bookseller but it’s more than worth it.

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ANNOUNCEMENTS

The revised edition to my popular eBook titled Used Books: Big Business is back from the editor and officially marked DONE.  I’m still working out a few details on the roll out but expect it sometime within the next few weeks.  Members of my email list will get early notification of the release so if you haven’t signed up yet please do on the main page to the blog at sellyourbooksonline.com or just to the left of this post on the sidebar.  I promise I’ve jammed packed this new edition with all kinds of new content making it over 90 pages now!  All previous customers of the original will get an automatic 50% off if you choose to purchase the new edition.

Also on the horizon is my Amazon Sales Spreadsheet that I notified my email list subscribers to a few weeks ago and also wrote a short blog post on titled The Amazon Sales Spreadsheet and a Revised Used Books: Big Business eBook!

I’m really excited about each of these additions because I’ve worked very hard on both and can’t wait to see what you guys think.

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  • Rezolutionz

    I thought you were now selling all your inventory solely on FBA?

  • Rezolutionz

    Could we get a breakdown on the various fees per site? Are any of them more than Amazon? Any of them less? What % does Fillz take??

  • adbertram

    Of course not. I sell a lot of inventory on FBA, but not hardly all of it.

  • adbertram

    To break down fees for every single site would take me a lifetime in which I
    don't have. I do discuss fees for each marketplace in the new revision to
    my eBook, however. Abebooks is close to being more than Amazon. I've been
    paying, on average, to Fillz about $50/month.

  • Rob_Hegarty

    Hi Adam,
    Interesting post. I have a few questions, all related to the above, and FBA:

    1. Your heading states 10x sales, where your data suggests less than 2x?

    2. You say in your comments here that you only sell some of your stock through FBA (Fulfillment By Amazon). I was wondering how you decide which stock to sell through FBA (and therefore cannot sell through other channels), and which to sell independently through multiple channels?

    3. I came across this site via your YouTube video about FBA, when you said you'd give some feedback as to how it was working out. Any idea when you'll have the time to get that out? I'm thinking about FBA here in the UK, which I think is best suited to the sort of popular titles that are difficult to shift (because there are so many people selling them), but if it doesn't result in a big increase in turnover, I won't bother, because of the cost of storage at Amazon – it would be better just to recycle.

    Great site – I wish you the best of luck with it.

    Robert

  • adbertram

    1. Isn't 10x more appealing than saying 2x? :)

    2. I'm still new to FBA as in a few months and I'm currently selling all
    books with a sales rank less than 1,000,000 regardless of price. I'm
    constantly switching it up to test though.

    3. I made a previous blog post
    http://www.sellyourbooksonline.com/fulfillment-...
    http://www.sellyourbooksonline.com/fulfillment-...
    .

    Thanks, Robert.

  • Rob_Hegarty

    Thanks Adam. I didn't see your earlier posts, sorry – they did pretty much answer my questions, too, and your initial reaction was exactly the same as mine. Just looking at the prominence of the listings makes my mouth water, and I just couldn't quite believe it. But now you've confirmed my thoughts – 25% sales in what – 2 weeks? That is awesome! I suspect your best stock went first, of course, so that may not continue quite as impressively, but still…

    The only other fly in the ointment is how quickly this relatively new market gets saturated, but we must make hay while the sun shines, I guess.

    Thanks for that great information, and when I get any useful feedback myself, you (and your readers) will be the first to know!

    Rob

  • Guest

    Hi Adam,
    How difficult is it to transfer your inventory from Amazon to Alibris?
    Thanks

  • adbertram

    It is not difficult at all. You simply download an open listings report,
    massage the data a little bit to get it into the proper format that Alibris
    wants it and then upload the text file to Alibris.

  • Guest

    Hi Adam,
    How difficult is it to transfer your inventory from Amazon to Alibris?
    Thanks

  • adbertram

    It is not difficult at all. You simply download an open listings report,
    massage the data a little bit to get it into the proper format that Alibris
    wants it and then upload the text file to Alibris.

  • http://www.sellyourbooksonline.com adam

    Yes, Alibris will do this but it’s not automatically included and they charge a commission to do it. I’d steer clear of it.

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