This Game is about Timing ,Risk and Money

to paraphrase Howie on Lets make a Deal.

I am going to talk about MONEY.
There are intrinsic reasons reasons for selling books, I will blog about that some day.

Money or Profit is the score card for any business. The following will be tips to make and save money. These are suggestions, use what you can:

A simple daily business log . If a techy or advance gadget geek use a pda or smart phone to down load to some money management software .
I use a 99 cent spiral three hole punch notebook purchased in school supplies sections or at office supply store . This is a business. From day one treat it like one or if you have not ,start today. I will not give tax advice but information I talk about may used for tax purposes .Ask your accountant or adviser.

What to log ? .
a. First mileage start and finish each day I use my automobile for scouting books , mailing books, buying supplies to ship books or office supples.Trips to a big box Book Store to check out best sellers and maybe a few bargain books . A good idea is to log all automobile mileage and expenses. At the end of day decide were the miles business or personal use.
b. Books that I buy cost and location .
Location or where I buy sometimes shows me where I need to make sure to scout. (TIME MANAGEMENT}
c.Supplies , gas ,an occasional hamburger for a fellow book person as advertising he might buy some of your books, discussing books that is how to learn. , meals with a attorney .That is where the Big Buys may come from. More about that in how to find books
d. Daily bank deposits for sales .I keep a large envelope on desk for all receipts including bank deposits . If I do not receive a receipt it is noted in the log and sample one is noted on a small piece of paper ; book ,date ,place and amount. Usually this happens is at a flea market or yard sale.

You might say this is a lot of work ,not really. It is just a habit.

A GOOD Habit . You are not going to get rich selling books but a good part time home based business is very possible. It is possible with enough time in the trenches to be be able to do it full time.

Lets see, we now have a system to explain where we spend our money. This information can be used for profit and loss statements, tax purposes and how effective we spend our time.

MY system works for me ; use it or develop your own. Until you have some system you are playing ,not working. Ask a small business persons how they do their taxes and keep records . Be sure to keep that receipt for that spiral note book or that blackberry. lol *

*Note ! Do not buy a pda or smart phone if you do not have one until we talk about scouting in our next blog.

Next time

HOW DO I FIND BOOKS and more about money

thanks,bob