The stumble I had with the component was that I wanted to use it not to sell books through Amazon, but to simply use it to catalog business books where I work so employees may check them out. So I deleted the pre-filled Amazon tag info from the settings fields. If you leave the Amazon fields blank, the component will no longer fetch information (book cover, info, etc) from Amazon. It would be nice for an error message or some warning that those fields need to be filled.
Once my question was answered, the component worked beautifully!