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.
One thing before we go on: you’re probably not going to make a lot of money off your books, unless you’re a collector or plan on doing this in major volume. You’ll be quite lucky to make $1 a book. If you’re planning to sell books, wait until you have at least a stack of them ready to go. If you only have two or three books you need to re-home, you’re better off putting them in a Little Free Library.
Next, if you’re ready to pursue this as a kind of treasure hunting hobby then begin scouting out bookstores and see who might have clearance books that are priced quite low. Often times the clearance items are toward the back of the store, although this isn’t always the case. If you find a store that has a clearance area with books marked perhaps 50% off then check back in a few weeks and see if they have been lowered more. Your objective is to try to purchase books for less than 50 cents each.
They even have a free mobile app that you can download. That's handy if you want to check thrift stores, yard sales and estate sales for books that you can resell at a profit. Just scan the ISBN number to see what a particular book is currently selling for, and if it's more than what you can buy it for, snap it up and resell it. Usually reselling is a bit of a gamble, but it doesn't have to be with books. If you use this app, you'll know exactly how much you're going to make before you put up any money.
Though it may seem imprudent to be buying books for the purpose of research - that is, with no immediate intention of reselling them - it's actually the quickest and most cost effective way to gain the experience you'll need, assuming you don't overpay for individual titles. If you take the trouble to develop your instincts, you'll begin to get smarter with your purchases very quickly and also notice that you're putting together and adhering to a set of rules that you may not even have thought about consciously. It's these rules that will help you weed out the 99.9% of books that you don't want to waste your money buying.
As with an eBay listing, ensure that your Amazon inventory item includes an image of the book, a synopsis (these are usually provided) and details concerning its condition. For full details about selling anything online with Amazon see our Amazon shopping guide The Amazon Shopping Guide The Amazon Shopping Guide This free Amazon shopping guide outlines everything you need to know to make the best use of Amazon and secure the best deals. Read More .
Be honest about the condition of the book. If there are damaged corners or missing pages, say so. If someone has written in or highlighted huge portions of the book, make that known. If the book has remainder marks (an indication they've been returned to the publisher), mention that, too. Fudging on the condition won't get you more money. When the buyer receives your book and finds it lacking, they'll adjust their offer down, and may even reject your book completely.
Online book selling and buying sites are beneficial to both, seller and buyer. Seller can earn money out of their old stuff whereas buyer can get their required book at minimum rate. Such websites are also best for those who want to earn money online through buying and sellin books. The only thing you need to do is proper analysis of book’s price and trend.
Peter, on the other hand, believes Amazon is where the big money is at. He is a high volume seller, however, earning over $130,000 in his first year as an Amazon FBA seller. Peter say’s, Amazon isn't just the biggest bookstore in the world anymore, it's the biggest store – period. The truth is that I have never met anyone selling books online who makes money anywhere except Amazon. It's where the book buyers are, and where the money is.”
The final issue to consider is customers. Unfortunately, customers on Amazon and eBay are frequently picky and will complain at many things, including the quality of a book, even if the quality was specified on the sales page. In some cases, customers will also demand a refund leave bad feedback, even if you did nothing wrong. Many customers fail to realize these are independent people selling used items, and expect the overly-cautious customer support that Amazon usually provides.
In general, mercifully, Ward says Thrift Books “errs on the side of keeping more books than we need to”, and his software’s algorithms single out rare titles for protection even if market demand doesn’t warrant it. What they can’t sell, they recycle. That proves to be quite a few books: last year alone they recycled 130m pounds. What remains after a bookseller’s vetting process stocks their virtual storefronts.
There it sat on a shelf, priced at $1, until a semi-trailer from Books Squared whisked it away among 3,000 other leftovers. At the Books Squared warehouse in south-west Dallas, Our Gang was checked and processed by receivers and a scrupulous quality-control team, who deemed the book “like new” before scanning it into their computer system to be sold online.
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.
This is one of the easiest ways to sell your e-books online. You can set up an affiliate program for interested bloggers, writers or anyone that want to promote your e-books. Your affiliate partners will do all the marketing of your books online via their own blogs, sites, social networks, or other channels. You will pay them an agreed amount of money for each sale brought about by their marketing effort. Go through Click2Sale and provide each person with your affiliate link