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Step-by-step guide to sourcing books in your pajamas Online Book Arbitrage Peter Valley Online Book Arbitrage How to source books on Amazon, & resell back on Amazon for a profit Preface To The Updated Edition When I began teaching this system in 2015, I could not have imagined what would unfold. In just a few years, online book arbitrage has gone from: • Me having an insane idea about buying books on Amazon and reselling them back on Amazon for a profit. • Selling a single $4 biology textbook for $35. • A live webinar teaching this system (that I didn’t think anyone would attend). • This book selling over 5,000 printed copies (and many more ebooks). • Today, online book arbitrage being spoken of among the short list of legitimate, sustainable online businesses. And things just got even crazier. Exactly 12 days before I sat to write this, online book arbitrage hit another major milestone: One of my students broke $87,000 per month. Why is this number significant? It marks the first person (if he sustains these numbers) doing over $1 million a year in revenue with online book arbitrage. While I’m proud of my part in this, I almost don’t like advertising these kind of case studies. The internet is saturated with cheesy “get rich quick” schemes, and I go to serious lengths to prevent online book arbitrage from being perceived as just another passing fad. What’s worse, the cheesiest form of internet con men (who have never sold a thing on Amazon) have taken my material, repackaged it, and began teaching it as a “get rich” scheme to “flip” products. To clean up the charlatan’s mess, I have to work overtime to communicate one important message: Online book arbitrage is a real, legitimate, sustainable business. It has better (and quicker) returns than just about any online money-making method out there, but it does take work. So if you’re here to “get rich quick,” I wish you luck. But I don’t want you reading this book. For the rest of us, who take the time to understand the steps and principles I outline, you will be rewarded with a sustainable business system that will pump money into your bank account month after month. From 2015 To Today Online book arbitrage has gone from being perceived as a weird fringe “profit hack” to a legitimate, money-making system allowing anyone to work from a laptop anywhere in the world (check out an interview at the end with one of my students making money from a cruise ship in the Bahamas). The profits my students are achieving keep going up, with new records broken all the time. For the next edition of this book, I hope it’s a screenshot of your sales numbers I’m featuring as the latest record-breaker. -Peter Valley Online Book Arbitrage This is a story about how I discovered a system for sourcing books in my pajamas. -or“How I discovered the world’s largest book source (Hint: It’s Amazon)” The embarrassing beginning I began selling books on Amazon in 2007. After a prior entrepreneurial venture came to an end, I turned to bookselling after finding a $1 book at a garage sale which I resold for over $500. My early days on Amazon were so humble, most of my early inventory came from a dumpster at the recycling center of a local university. In those days, for an aspiring Amazon seller there were few resources to draw on. Only one guide to Amazon bookselling had been published, and there were no mentors or websites to turn to. Everything there was to know about selling on Amazon, I was teaching myself. Fast forward to 2014 I had grown my business to six-figure sales working an average of 25 hours a week. Then I moved to a new town two states away. Basically I wanted to live somewhere nicer and cooler (and more expensive) so I moved somewhere new where I only knew a couple people. The move marked another shift, where I began to assess where this Amazon thing was