I received the following email from Lance W.

Hello Mike!

 

Just like to congratulate you on your book success!!  I see you are at around a 15k rank on amazon.  Anyhow, you might not remember me, but I just wanted to thank you again for getting me involved in the business through your book.  I was the guy that you talked to via email about 3 months ago from redacted.  To give you an update, I am up to about 2,000 books in my inventory currently and i'm shipping out around 30 books a day, somedays 70-80!!!  It is the neatest thing ever to walk into a library book sale and find a book for cheap and sell it for more.  My latest sale was awesome!!  I bought a book called Running & Being: The Total Experience by Sheehan, George , ASIN/ISBN: 0966631803, for 1.00 and sold it for 115.00!!!  I was so excited I could hardley see straight.  Its neat because the 50 dollar books are also starting to sell on a daily basis, and I can't thank you enough!

 

    Anyhow, besides my rambling on, I did have a small question.  I read your post recently about a book, "margin of safety" and ever since then I've been on the hunt for it!! I have found it at local libraries..(very few), and none of them will sell it to me!!  The best deal I have found so far is a brand new copy on ebay for 1200.  I saw the new price is going for 2300, but I'm not sure how long that would take to sell.  I know your not a fortuneteller, but what is your predition, and do you think that $1,000 is too much...I could still make perhaps 700 on the book after amazon's cut. 

 

    Also, what is your take on the book business?  I have only been in it for 4 months so I'm not really a good judge of how it has changed over a course of 5 years, but to me it seems so overly flooded especially at the booksalefinder.com sales!!! Everyone with an redacted, pardon my language seems to have a scanner!  Its actually made me go to other routes like buying out book collections from people moving.  I usually give people around 80-90 dollars for a collection of 1000 books.  My usuall method is that I walk in and ask them if I can scan a few books, and say I'm checking inventory or something off the wall so they don't think I have a price advantage over them  Do you have any methods that differ when dealing with buying personal collections.  Anyhow, thats enough with the questions and feel free to answer however, and whenver you are available!! Thanks a lot Mike!!

Lance W.