| wife and I recently got an online book-selling business | | | | has to endure being trampled upon by herds of |
| up and running, using Amazon Marketplace as our | | | | wildebeest in transit and you wonât go far |
| storefront. It has taken a while, but after a year we | | | | wrong. Wrap it like itâs a present for a dear |
| now have a well-established presence and | | | | relative. |
| respectable daily sales. We would like to share our top | | | | 6. Give excessively good customer service when |
| tips for getting up and running, to help other people to | | | | something goes wrong. Invariably some things |
| cut down their learning curve. Here are our top ten tips | | | | wonât go smoothly and sometimes it will be |
| for how to build a successful business as an Amazon | | | | your fault. Even if you arenât entirely to blame, |
| Marketplace bookseller. | | | | you will get repeat custom and avoid the dreaded |
| 1. Focus on new books rather than second-hand ones | | | | negative feedback by apologising quickly and sincerely |
| - unless you have highly specialised knowledge you | | | | and offering a partial or full refund. |
| won't know which books will sell at a vast profit and | | | | 7. Streamline your mailing process. This will be the |
| which will just moulder on your shelves. With new | | | | biggest timesaver you can implement. If the service is |
| books you can see before you even buy them how | | | | available to you, have your postal service pick up from |
| high they rank on Amazon's bestseller lists. We won't | | | | your house or office, use hand stamps and average |
| normally buy in books below 10,000th position. | | | | weight tariffs and generally do whatever you can to |
| 2. Find your niche - the hottest new novels might not | | | | minimise the time you spend on this part of the |
| give you the best return, as all of the supermarkets | | | | process. |
| are likely to be discounting them heavily and their | | | | 8. Keep on top of your prices. When your business |
| moment of glory may not last more than a few | | | | growth warrants it, you will probably use software for |
| weeks. But classic children's books like the Gruffalo | | | | this, but you will see a big difference in your sales if |
| and the Hungry Caterpillar are still selling well decades | | | | you adjust your prices to get to the top of the list of |
| after they were written. And some specialist areas like | | | | vendors just before key buying periods such as |
| travel books are not too affected by passing fads. | | | | Sunday afternoons. |
| 3. Advertise your store outside of Amazon - for their | | | | 9. Have multiple suppliers. Donât risk your |
| own purposes Amazon makes it very hard to find | | | | business on one source of new stock, as they can |
| your bookstore unless you know the exact internal | | | | change the rules without consulting you. Keep abreast |
| address. For that reason you need to give it out as far | | | | of where your fellow marketplace vendors are |
| and wide as you can. People won't just stumble upon | | | | obtaining their books â the users of Amazon |
| it, unless they are looking for the exact books you | | | | vendor forums are very helpful and surprisingly |
| stock so you will have to make an effort to get your | | | | non-competitive in their sharing of information. |
| name out there. | | | | 10. Think ahead. Boxed sets which are cheap in |
| 4. Pack and send within 24 hours if possible - | | | | Springtime might be just what you need for the |
| Customer service, it goes without saying, is what | | | | Christmas present buying season. If space permits, |
| differentiates the serious sellers from the fly by nights. | | | | stock up in advance and you can multiply your profits |
| If you are going to be around for the long term you will | | | | on good gift books three or four-fold. |
| be dependent upon repeat sales and there is no better | | | | I hope this has given a flavour of how you can give a |
| way than by exceeding the customerâs | | | | boost to your online business. A lot of these tips are |
| delivery expectations. | | | | relevant whatever the nature of your online business. |
| 5. Pack to cope with abuse. Assume that your book | | | | Good luck in all your endeavours! |