The most basic things you need to know
are easy.
Finding valuable books for cheap
without getting tons of extra junk books is as simple as checking the
isbn. I'm sure you've heard that term before. It's the single number
that you can use to make sure you're looking up the same book's price
as you're holding in your hand. You can find it on the back of some
books but you can almost always find it on the inside publishers page
if you have to.
Look up this ISBN number in Amazon or
whatever software you're using. If it's selling for enough more
online than you can buy it for in the store then you can buy it to
resell online. (Amazon is my first choice for this.)
If you're looking to start making money
selling used books online then there is an unlimited number of paths
you could take.
One path that too many people take is
the “check-em-all” strategy. This, as the name implies, is going
to a used book store and just checking every single book you find's
price online. This is a relatively easy and effective method but,
you're probably not going to be making more than minimum wage. I
personally believe it's wasting valuable time you could be learning
more effective methods.
Another path you could take is the
collector's route. Instead of just churning through a ton of books,
collectors (despite the name) tend to look for diamonds in the rough.
Being a book collector can be valuable but there is a very high
learning curve and it's unpredictable. If you're looking for a first
edition that you could make a few hundred off of, you need to look
for a very long time. This was never the path for me.
The path that I chose to take was the
path in-between.
When I go looking for books to resell
online, I want to find books that I can make $10 or more dollars off
of, without having to look through hundreds of books. To make that
happen I had to create a strategy. This strategy was very valuable to
me but since I've moved up to a new strategy, I feel comfortable
sharing it. By using it, you can expect to make $20-40 dollars for
about 30 minutes scouting books.
I'm going to try and make it as simple
as possible. You won't find every good deal you can get but you'll be
getting a very efficient return on the time you invest.
When you go to the used book store
(some of my best deals have been found at goodwill), you want to scan
the shelves for this:
Look for newer looking textbooks.
Textbooks are where the easy money is
in selling used books online. The profit margin you can scrape off
them is significantly higher than any other option without a ton of
education. This strategy is not unusual so you will probably only see
a few very new and clean looking textbooks. Check those ones first.
The first thing you want to check on
these textbooks is the cost to you. At places like goodwill you're
only going to be paying a few bucks so you're pretty safe but you
need to account for it.
Next you're going to want to look at
the textbook subject. This is where many people get lost.
All textbooks are valuable but some
textbooks hold their value better. Computer textbooks can become
obsolete in a year. That means you're going to need to be extra
careful that you can sell it for a profit soon. History textbooks or
math textbooks can be valuable for a lot longer. That means they're a
safer bet. Keep the subject in mind when deciding whether to take the
chance on buying it.
Look up what it sells for before you
buy. You can do this in any of a million different ways. Some people
search the isbn on their phones, some people write them down for
later, and some even rent barcode scanners for searching books. Just
look up the price before you buy.
Textbooks aren't magic. Most of them
are worthless. You can easily waste all of your profits buying
worthless textbooks. Don't get in that trap. Only buy what you know
you can sell for a profit. While you're looking up the price try to
check out it's popularity as well. On amazon you can check it's sales
rank. This is a very iffy number that doesn't mean all that much but
in general you're going to want to stick with books under 200,000.
After going through the newest
textbooks, start checking out some of the slightly older textbooks.
In general, don't waste your time if it looks like it's over 10 years
old. In most cases it's pretty obvious when it's that old.
You're going to want to watch the
condition of the books you're considering. Selling old beat up
textbooks can make you a profit but it will sometimes ruin your
reviews (even if you said it was beat up.) If you're up in the air
whether or not to take a chance with a textbook then consider the
condition.
Using these guidelines I was able to
consistently pull a good profit selling used textbooks. Naturally,
there were good days and bad days but the good certainly made up for
the bad.
If you found this video helpful then
please share it with other and like it. If you want to see more book
content then please follow.
Oh... One more thing....
Don't rule out high school textbooks.
When you find a high school textbook in a thrift shop, you can
sometimes run into some gems. High school textbooks are replaced a
lot less often than college textbooks. That's bad for the school
system but a very profitable opportunity for you. Schools regularly
are looking to buy old copies of a textbook because they're only a
couple short of the number they need.
They have the choice of buying 50 new
textbooks for $100 each or finding one or two more copies. Those one
or two copies are can be very valuable. The price of the high school
textbook is often 100 times more valuable than a college equivalent.
It sells less often but the profit is big.
Okay... Thank you and please share this
video and like it if it helped you.
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