Anyone heard of Textbook Money from Luke Sample and Jon Shugart?

by 40 replies
Luke Sample did a webinar a short while back regarding a product/program he has created about arbitrage of textbooks with Amazon.

Just wondering if anyone picked it up and has any first hand information or comments.

Thanks in advance.
#internet marketing product reviews & ratings #heard #jon #luke #money #sample #shugart #textbook
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  • Profile picture of the author finetco94
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  • Profile picture of the author bubbashrimp
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  • Profile picture of the author Jmbecker
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    • Profile picture of the author bubbashrimp
      AH SNAP!

      Bought just a few days ago. Still going through the training.

      Knew the margins were going to be very tight but did not anticipate the shipping issue.

      Knew about the 365 day refund issue and agree with you - they may have disappeared but also I think that you will get some flack from the cc card company for waiting for a year. They may have a shorter time period where you can claim a refund.
      They also have an even funkyier refund clause - as long as there is $1000 in arbitrages during the year you can't get a refund.

      I want to go through the training a do a few books but if I get the same approach I will ask for a refund.

      Will want to move fairly quickly though - don't know how long they want to keep running this and don't want them to scoot.

      Have an idea of some leverage to get a refund from them so lets stay in touch. We may be able to help each other.

      Shoot me your email if you wish and I will contact you.

      Thanks

      Originally Posted by Jmbecker View Post

      Yes, I bought the system. It takes WAY too long to find a reasonably profitable book - about three hours to find two books with a profit of $25 each. Most "profitable" trades returned were $2-3 on a $200 book - not very good use of my money. Ordered the books, and set up the trade. Waited to print the shipping label so I wouldn't lose it. Didn't think this would be a problem. First one took 11 days to get here - Amazon gives you 7 days to send in your trade. So I went to my trade in account and couldn't print a shipping label. When I re-checked on the book, the trade in value had gone down so I actually had a $35 loss on the book! No mention of this possibility in the course. I will be requesting a refund but they had some funky 365 day refund policy implying they weren't going to refund anyone until they had tried the system for 365 days - who is going to remember to refund after 365 days? Meanwhile they have my money and disappear? I will be contacting my credit card company to file a complaint if they won't refund, along with the Better Business Bureau and FTC.
    • Profile picture of the author bobshoe
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  • Profile picture of the author sparrow
    The big question is how are they turning the Amazon Gift Card into CASH

    I see some potential with the system, my biggest question is getting the Amazon Gift Card into CASH
    • Profile picture of the author bvbiz
      Been in TB$ for 10 weeks now and yes it can take a while to find profitable books. Then there are days like yesterday that I found $220 in under 3 hrs. You have to stick with this to develop your own strategy that works for you. I am at about 4K now and am running 2 other businesses online also. It is separate from TB Arbitrage but they go hand and hand. You can fund the book buying for the BA with the gift cards which is the best case scenario. You can also sell your trade in books to a 3rd party buyer who pays in cash. That is how you sift off dollars to convert. This system does work if you put in the time and don't quit. The guarantee is there for people who will not do those things and can't make it work for whatever reason...could be better IMHO! If anyone wants to talk to me shoot me a message and I will be glad to answer questions.
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  • Profile picture of the author Nightengale
    Any updates on experiences with this? BubbaShrimp?

    I just saw the webinar for this last night and am interested, but am wary of the "Gotchas!" like mentioned here.

    At a minimum, I know margins can be small so I'm wondering if it's worth it. A brief search of Amazon showed an impossibly slim profit margin: $2-3. And many showed no profit at all.

    JMBecker, doesn't their software help find books with a reasonable profit margin in a reasonable amount of time?

    Michelle
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  • Profile picture of the author John Garuti III
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  • Profile picture of the author Markus Nimocks
    Well, this is really disappointing. I was just about to pull the trigger on this. The webinar is certainly deceiving - they show every page of Amazon their magic plug-in finding $300 of profits. I guess if it seems too good to be true...

    If you Google "buy giftcards" you can find a few companies that do it. You can also sell them on eBay.

    Glad I decided to search the forum before I plunked down the money for this one. Hard to believe their two pages full of video testimonials are all fibbing, but most of them seemed to be early on in the process. Maybe this worked great when there was only a handful of people doing it, but now that there are dozens or hundreds, the competition has made it nearly impossible.
  • Profile picture of the author digichik
    The price and the monthly fee, if you didn't purchase on the webinar, are ridiculous. Another too good to be true.

    The other give away is he took the first 30 minutes of the webinar repeating himself about what we would be shown, instead of just getting to the point.

    I've learned to never trust the presenters who feel the need to pose in front of a Ferrari or Lamborghini, too pretentious. If your offer is real, your offer should need over the top props.

    I'm open to new ideas, but this is not effective or profitable for the time and money invested.

    A waste of time.
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  • Profile picture of the author connect2pro
    Is this Luke Sample the same Luke from Mailer Millionaire?
    Seems they were Matthew, Mark - Luke and Jon

    Mailer Millionaire was impossible, and no refunds. Support was nonexistent.

    I am glad I read these posts because the presentation is smooth, but something this E-Z and needs no technical skill is either over-loaded, takes way more time than its supposed to, and / or is a flash in the pan that will cost more to sustain than it profits.

    The testimonials seem honest but based on very little experience.

    That's too much to ask for a little search plugin anyway.
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    • Profile picture of the author ecomarbflipper
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    • Profile picture of the author Food Guru
      Originally Posted by connect2pro View Post

      Is this Luke Sample the same Luke from Mailer Millionaire?
      Seems they were Matthew, Mark - Luke and Jon

      Mailer Millionaire was impossible, and no refunds. Support was nonexistent.

      I am glad I read these posts because the presentation is smooth, but something this E-Z and needs no technical skill is either over-loaded, takes way more time than its supposed to, and / or is a flash in the pan that will cost more to sustain than it profits.

      The testimonials seem honest but based on very little experience.

      That's too much to ask for a little search plugin anyway.
      That's hilarious "Matthew, Mark - Luke and Jon" Seriously?? - remind you of any book in particular?
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  • Profile picture of the author Markus Nimocks
    I'm bumping this thread to see if anyone else has experience with this product or can provide any further input. Anyone?
    • Profile picture of the author nlanda
      This is the BEST program I have ever been a part of. The training is excellent, thorough, and on-going with weekly Q & A sessions. Jon and Luke have a heart to want folks to succeed and have done so much more than anyone else to ensure that their members are successful. I've made money with this, and can not wait till textbook season goes into full swing again next month. I'm not alone, either, there are over 200 video testimonials of folks that are making great money with this. Does it take work? Well, yes, of course it does, but it is easy work. There is nothing simpler, and as long as you follow the guidelines, you can't help but succeed.
  • Profile picture of the author lesleyk1
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  • Profile picture of the author sparrow
    If you google this or even look at youtube there is many other people doing and teaching this for way less money with similar tools for finding the books

    The tools I saw in my opinion appeared to be more in line with what you will see in the actual amazon results for a much much lower price than what Lambo Luke showed, in my opinion it sounded to good to be true especially when he kept saying it's good to get amazon gift cards personally I want cash and he was way too hush hush about that

    I agree with ecomarbflipper about maybe looking multiple times per day to find the right books to make money it's the nature of the beast

    The only achilles heel to all of this is how to convert this to cash, it seems with all the research I did the information that is out there you will have to take as high as a 20% cut in many instances to convert the gift cards if you want to get the cash fast

    I've asked around about how Lambo Luke converts to cash and it's a big secret, why? it must be the big catch to why you should suspect too good to be true

    I even saw some sites now are no longer accepting amazon gift cards when in the past they did

    I see potential when all of this cools off, way too many people have been pumped up and finding deals at this moment are almost non existent

    But if this still interest you take a look at the youtubes about this for textbook arbitrage people have been doing this for a long time and take a look at their side of the story
  • Profile picture of the author Rviewer0
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    • Profile picture of the author bubbashrimp
      Converting the Amazon gift cards to cash is contained in the course plus a new method has just been introduced.
    • Profile picture of the author jjjones
      Here is one way you could convert to cash. But you need an accomplice with a store that accepts Amazon Payments.

      First off with the Amazon Trade In Program you do not get an actual gift card. The amount is added to the gift card balance in your Amazon account. So you can't sell the card on eBay or in any other marketplace.

      You also can not purchase a different gift card with your Amazon gift card. Amazon will not allow you (and its in their Trade In program terms.)

      So now that that is cleared up here is one way to convert to cash. I'm not saying this is what they are doing but it is one way it could be accomplished:

      Lets say you have an Amazon gift card balance of $78.25. You would contact a friend who has a store online that accepts Amazon Payments. Let's just call this store, Bo and Luke's Unicorn Wares. The way this store works is a little different from a regular eCommerce store. You don't browse the store for products. You send Bo and Luke an email and say, "hey I need an imaginary unicorn horn that costs exactly $78.25. Do you have one?" And lo and behold they do just happen to have one that costs exactly $78.25. So they send you a payment link for $78.25. You, being the smart consumer you are, pay with your Amazon gift card balance of exactly $78.25. Later that day, Bo and Luke, feeling bad that they sold you an imaginary Unicorn Horn decide to refund your purchase (minus a 6% imaginary Unicorn Horn restocking fee) and send you a Paypal payment for $73.55. You now have cash instead of a gift card and Bo and Luke have $78.25 (minus 6% processing fee) coming to them from Amazon Payments. And no unicorns were harmed during this transaction.

      Again, I'm not saying that's what they are doing.

      James
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  • Profile picture of the author Rviewer0
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  • Profile picture of the author bjallen
    I have been flipping books on Amazon for about a year now, but I am listing and selling through Amazon FBA. My min. profit is $20 per book, but I am only spending $4 to $8 per book usually. I was interested in this because of the convenience of being able to trade the books into Amazon for a faster payout, but if the Chrome extension isn't finding profitable books.... well, that's just disappointing.
    • Profile picture of the author bubbashrimp
      This is not a defense of Textbook money but with Luke's system the margins are VERY tight as is the case with most arbitrage methods. What is profitable to one is not to another. Mathematically there is profit in the trades but you are not going to get $20 as a regular diet - more like $2 - $5 /trade. Still early for me but I'm not sure if this will make $100,000/year like the webinar spoke of.
      If your getting $20 NET PROFIT per book you are doing very well and its just a matter of how many times a day you can do that - hahaha.
  • Profile picture of the author jafp1617
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