Garage Sales / Free Markets – Many times you see boxes of books for sale marked $.25 – $1.00. Rather than try to figure out how much each book would net you, make a deal with the seller. Offer to buy the whole box of books for a buck or two. This works extremely well towards the end of the day when they are about done. Most likely the seller just wants the books gone and is willing to take anything. I bet some would even allow you to have them for free.
All throughout college, I made quite a bit of money doing this. I would buy my text books and reading books on half.com or other cheap sites, use them for class (without marking them up) and then sell them online or to the on campus bookstore. The bookstore would actually pay about 2-3 times what I bought them for because they were used to selling at full price, paying about 25-30% buy back and re-selling again for a profit.
For a couple of years, I purchased books at one franchise with a local store which would discount new books to as low as 47 cents each. I would purchase a shopping cart load, resell the more valuable books on Amazon, donate certain needed titles to a university library being developed elsewhere, and trade in the majority of the others at Hastings Entertainment.
“Just wanted to let you know that I had a great experience selling through your company. I had some textbooks that I no longer needed and were in good shape. I got the exact price for them that I was quoted. There was no hassle with the Fedex shipping. I just sent the textbooks in the mail yesterday and received notification today that the money was already in my PayPal account. Fantastic service! Thank you so much.” - Kaity C.
What's up ladies and dudes! Great to finally meet you, and I hope you enjoyed this post. My name is Nathaniell and I'm the owner of One More Cup of Coffee. I started my first online business in 2010 promoting computer software and now I help newbies start their own businesses. Sign up for my #1 recommended training course and learn how to start your business for FREE!
When I was doing FBM, I was spending about 3-4 hours per night. Once I switch to FBA that went down to 3-4 hours per week, most of which was spending time finding deals on wholesale books and listing the books on Amazon. I was working full time for most of that time, so I could only do so much with the book selling, but still made about $1000/month profit doing it as a side hustle. When I switched to OA, it got a lot easier, as I just created a list of “hot finds” and would look around for deals on those. It’s surprising how bad people are at pricing things on Ebay–of course, that’s a double edged sword, as they’re also terrible at getting the conditions right, so I end up spending a lot of time arguing over books with writing inside, stains, smells-like-smoke, etc.
“The initial reason was that I owned a lot – and was continually acquiring more. They were all over the house, and I figured it made sense to start unloading some of those I had already read before I had to turn my kitchen into a library, too! I didn't start doing it seriously, however, until I made the leap to full-time author last year. I knew I wasn't going to be making money for a while, and I liked the idea of having a part-time gig I could do on my own schedule.”
4. Over the years, I have used such credit to purchase an acoustic guitar for my older son, rent DVD’s and buy games. But, there is one other benefit of which most people are unaware. If there is nothing in the store you’d like to purchase, you can use the Hastings card to purchase gift cards for other businesses. For years, we paid for our AT&T go phone by purchasing phone card minutes at Hastings. I have also used such credit to purchase gift cards for Olive Garden, Longhorn Steakhouse, Chili’s, On the Border, Macaroni Grill, Cracker Barrel and Sonic. Beyond food, Hastings also has gift cards for movie theaters, Footlocker, Champs and Itunes. Over the years, I have repeatedly bought a few dollars worth of books and traded them in for food, phone minutes, shoes and gifts.
There is a lot of opportunity in the FBA program and I have had great results selling new toys through it. You can find toys all over that are on sale or clearance that sell for 300% more or greater on amazon. It is still hard to beat the margins in books but toys and other retail items can be ‘easier’ to acquire with good margins. (they do require more capital)
You could also figure this out by paying attention to what other people are selling and the types of books that people look for. Over time, your perceptions are likely to get more refined, as you figure out what books actually end up selling and what ones simply go nowhere. For example, did you consider that old school textbooks could be a great specialty? Or what about rare bible versions? First editions are also in high demand.
Both of our sellers were happy to share their favorite places to shop. Lori says, “Library book sales are my number one source. Often the prices are deeply discounted on the last day of the sale, and you can acquire a large number of books for not very much money – plus you can feel good about supporting the library. I also routinely check Craigslist, where people often sell books low-cost or give them away. You have to be careful going that route, though. A few times I've gone out of my way to pick up a free lot, only to find that the books have been stored in the basement and are hopelessly moldy.”
Self-published authors have had big success in recent years. Take Hugh Howey, who sold a series of science fiction books through Amazon’s Kindle Direct Publishing. At one point, he was selling 20,000 — 30,000 copies a month, which generated $150,000 in income monthly. Amanda Hocking, who writes “paranormal romance” and fantasy novels, has sold well more than a million books on Amazon, generating over $2 million in sales. That's proof that you can make money self-publishing on Amazon.
En español | In his book, The Library at Night, author Alberto Manguel writes: "Ultimately, the number of books always exceeds the space they are granted." If you're a lover and collector of books or music, you know the truth behind those words. If you're looking to free up some shelf space or maybe generate some extra cash, here are the best ways to part with unwanted books, CDs and records.
I found your blog through Pat Flynn’s link! I currently live in Mesa, AZ and started in online business with selling used and collectible used books as well during college. I worked in a local used bookstore so I learned pretty quick which books were excellent to purchase to resell at a markup. I then saved the money I made to pursue a vintage clothing business, then a wool felt business. I quit my horrid job with the government this year in March (the 4th) to work on my online business full time. What a joy! Although my current business isn’t passive, I’m looking to create more passive streams of income. Thanks for all of the information you provide in your blog!
Dynamic pricing software cross-referenced every active listing of a used, like-new, hardcover copy of Our Gang across online marketplaces like Amazon and Abebooks, then matched the lowest price. Last March, four months after it was listed, I bought the book for a penny, and Books Squared shipped it to my apartment in Toronto. This handsome volume is sitting proudly on my desk right now.
Thanks for the information.I’m selling books part-time on Amazon.When it comes to sourcing book it really needs some effort and time.I source books which have a good sales rank and sales history for that I have to understand the Keepa graph which is really difficult but last month I found a free statistical search engine for books http://www.amstick.com . It easy to understand and saves a lot of time.Hope this will help books sellers like me.
I’ve been around the block more than once, and I’ve worked successfully offline for many years. Working online is a new experience for me. Scams are everywhere, especially in a bad economy. Sales & marketing is the same concept of persuading people online as it is offline, but with added technology and new avenues unknown to newbies. That stumps a lot of people. The ZNZ instructions of having to fill out offers using your credit card was vaguely explained. They said you need a credit card to verify it’s really you. Meanwhile, your common sense is telling you to watch out, because we know our credit card will be charged eventually for something!
I have sold a few hundred books on ebay. Books of all types, especially more obscure books that would have a very limited prospective group of interested parties. I nearly always charge for shipping, usually making some extra money for this to help cover bubble wrap, tape, padded mailers and even gas to the post office ! Usually start with an auction format, then if the book does not sell, I change to a good til cancelled format. It then stays listed on ebay until it sells or you decide to delist it. You do incur more fees that way, but books that I have found at yard sales. library sales, etc. often surprise me at how much they sell for. I have had books that I bought in a bag sale at the library sell for as much as $150.00 ! so patience is often worth it. I never know what will sell, nor for how much, but several times a week I open my ebay account and find something that has been listed for months has now sold. So, if you can wait to be paid for your books, ebay is a great site. If you need your money right now, the other sites seem to be better, but you will seldom get top dollar.
To make this type of business pay you need specialist knowledge. This could be knowing which editions are collectable, or having useful contacts in the antique or vintage trade. Getting the right books to sell and matching them to waiting customers is the key to success. You may find that this "homebased" business actually involves a lot of travel outside the home (to auction sales and the like).
In our recent post about becoming an Amazon FBA seller, it was brought to my attention how lucrative selling used books on Amazon – and elsewhere – can be. It's also a great flexible gig for those looking to do something part-time or just on the weekends. Today we are focusing solely on that topic: how to sell used books for extra cash. And, we have two successful sellers stopping by to share their tips.
To add even more grimness, we began hearing about “Counterfeit” textbooks. WHAT? Apparently, there are counterfeit textbooks, and I talked to two people who have bought & sold books for years, who both claimed to have lost $700 and over $800 due to counterfeits. No one who bought and sold textbooks knew what a ‘counterfeit’ looked like? Then there’s the nefarious bookstores who were telling people that they had been sent ‘counterfeit’ books by them, and the bookstores refused to pay them. They also wouldn’t send those books back to them! About that time, I decided to cut my losses. I thought it might be time to do something else.
I check the selling price of Go Set a Watchman, a hardcover book I paid full price for, but one that I honestly never want to see on my shelves again. BookScouter says that one (just one) of the websites they scan will buy my copy for $0.12. Harsh. I didn’t like it either, guys, but that’s like $0.25 less than what it probably cost to print the dang book. My paperback of To Kill a Mockingbird, on the other hand, will go to three different sites for as much as $0.75.