Textbook Buyback Is an Opportunity for You

December 29th, 2009

If you know what you’re doing, selling books and textbooks isn’t hard. As long as you have and list the right books, you should never have a problem finding someone to buy them. The hard part of course is finding the books. One lucrative section of the market is college textbooks. However, textbooks also present a unique set of challenges. First of all, they are time sensitive. You need to get textbooks within 1-3 years of publication or chances are good that a new edition will come out and you won’t be able to move them.

Secondly, you’re probably not going to find decent textbooks at library sales, garage sales or even tucked away in a friend’s attic. For these bad boys you’re going to have to go straight to the source: the students themselves.

You should also know that textbook buy back is extremely seasonal. While school is in session, the market kind of dries up, there’s almost no one selling or buying. Then once the semester or quarter ends, the floodgates open and buyback season gets into full swing.

No matter how you plan on getting textbooks, whether you have a brick-and-mortar store, set up a buyback website, or personally go down to the campus to buy textbooks, you’re going to have to make your case to convince students that you are their best option. A good example of how this can be done is an article called Textbook Buyback: Singing the Textbook Blues. It makes the case that selling textbooks back to the bookstore is a bad option, and that students are better off selling their books online.

The site, MyBookBuyer.com has found other creative ways to make their case to students, like this YouTube video.

They compare selling on MyBookBuyer to all of students’ other choices, including the bookstore, sites like half.com and even rental services. The use of humor helps them promote themselves without alienating their intended audience.

You don’t have to set up a fancy website with articles and videos to start selling used textbooks. But you do have to be aware that students have a range of options, some of them very attractive, so be prepared to explain why they should sell their books to you instead of listing them on Amazon themselves.

How to Pack and Ship Used Books

August 6th, 2009

There are a lot of steps to selling a book, you have to find them, evaluate them, buy them, store them, organize them, list them and sell them. However, after all that there is one last step, and as far as your customer is concerned, it’s probably the most important of all: sending your books to their new owners.

Shipping brings with it a new set of questions: what carrier to use, what speed, what cost, can you get tracking, insurance, etc., etc. etc. All of those are important, and I may go into them another time, but today I want to talk about how to pack your books, what it is that you actually ship them in.

As with most things, you have a number of choices when it comes to packing your books. You can go quick and dirty (and cheap!) all the way up to having dedicated machinery for just that purpose. There are a few different factors to consider when selecting the method that’s right for you, including its cost, the image it projects and how well it will actually protect the books.

Brown Paper Bags
It was good enough to cover your 5th grade history textbook, so shouldn’t it be good enough to cover the books you send across the country? Well, maybe not. While brown paper bags do have the advantages of being cheap and/or free and readily available, you should think about the fact that it may not create the greatest image of you in the mind of your customer. Even if a paper-wrapped book gets to the customer in pristine condition (which it might not) the cheap wrapping could have a conscious or unconscious effect on how the customer views you, which in turn affects how they rate you. If you are running your own site, it also can affect whether they will give you repeat business or recommend you to others.

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SalesRank and Strategy: A Tale of Three Sellers

July 30th, 2009

A lot of people are drawn to selling books because of the freedom it provides. You get to be your own boss, set your own hours and do business the way you see fit. However, the fact that there is no one to impose rules on you doesn’t mean that there are no rules and anything goes. If you want to be successful at selling books it’s important to set up rules for yourself, to have a coherent strategy. Otherwise, as much as you love the freedom of being a bookseller, you may not be one for very long.

One very useful tool for building a strategy is Amazon’s Sales Rank. If you’re not familiar with Sales Rank, it’s basically a measure of how high sales are on Amazon for a given book. A lower number means higher sales so for instance, a book with a Sales Rank of 1,000 might sell 100 copies a week, while a book with a sales rank of 500,000 might sell only one copy a week.

You can make good use of this information when you are developing a strategy for the books you add to your inventory. You can set down a boundary and say “I will only buy books that have a page rank under x number” (remembering of course that lower number s are actually better, just like it’s better to get 1st place than it is to get 128th).

Let me illustrate the importance of having a strategy like this with three different real-life examples. I’ve briefly mentioned that I have helped other booksellers to set up their own businesses. However, as time as progressed, they’ve each decided to run their business in their own distinct way.

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Selling on Amazon: Another True Cautionary Tale

July 23rd, 2009

Once again I want to apologize for the delays and technical issues, and state of the blog in general over the past week or so. It’s been crazy around here, and I appreciate your patience. I’ve actually got a post for you today, just a quick one to let you know I haven’t completely abandoned you.

It’s time to talk once more about the possible pitfalls and perils of selling on Amazon.

Admittedly, selling on Amazon can be time consuming and even frustrating. If you are a casual seller with a few books rather than a professional you might be better off figuring out how to sell your books online the easy way.

I know we’ve covered this before in various ways, but this time I’m not talking about myself. There is a colleague of mine, another bookseller who’s about a quarter my size. He sells around a couple hundred books a day.

At least he did, until he recently got his account suspended by Amazon.

That’s right, it happened. The thing we all dread – suspension. He told me that he was advised in the morning that he needed to get the situation rectified, and by that same evening his account had been suspended.

He knows why it happened. He simply hadn’t been doing what he was supposed to be doing. He had been shipping books late, he didn’t have good customer service, and he didn’t reply customer inquiries in anything approaching a timely manner, if at all. Amazon, of course, doesn’t take too kindly to Read the rest of this entry »

We Are Experiencing Some Technical Difficulties

July 20th, 2009

Hey everyone. No sooner had I decided to adopt a new posting schedule, than I ran into some major technical difficulties. If you tried to access the blog over the weekend, you probably noticed everything looked a bit out of whack. Broken links, missing info, wrong formatting, etc, etc, etc. I’ve been spending a bunch of time trying to get everything up and running again, and I think I’ve just about got it all back where it needs to be but bear with me if there are any remaining technical issues over the next couple of days. I’ll have the SellBooksBlog we all know and love will be back to 100% just as soon as I can. Thanks for your patience, and I’m sorry for any inconvenience this little snafu may have caused. I’ll also have new and exciting content for you up in the next couple of days. In the meantime, feel free to leave me any questions or comments on past posts. There’s a lot of good info in the archives so don’t be afraid to dig around and explore. Thanks again for your understanding.

Taking Breaks From Blogging And Putting on the Blogging Brakes

July 14th, 2009

Hey everybody, hope you’ve been enjoying the blog, and that you’ve found the information here useful. I’ve been spending a lot of time on it lately, trying to get a new post up each weekday. I’ve really been busy lately though, and I’ve decided I’m going to have to cut down on the time I can devote to blogging. I’m still going to be posting, but expect new posts more like every other day, or every three days. As you know, selling books means wearing a lot of different hats, and I just have to adjust my priorities a little bit in order to keep everything running smoothly.

Thanks so much to everyone who has been reading the blog, especially those of you who have left comments. This isn’t the end of SellBooksBlog, just the beginning of a new phase. In the meantime, if you’re starved for nuggets of bookselling knowledge, feel free to browse the archives.

Will The Kindle Kill The Used Book Business?

July 13th, 2009

kindleThere’s been a lot of speculation lately about what the future of reading will look like. Unless you’ve been living under a rock, you’ve heard a lot about the Kindle and a lot of peoples various opinions on what impact, if any, it will have on the publishing industry.

For those rock-dwellers out there, the kindle is Amazon’s handheld device for reading e-books and other electronic media. Since the original Kindle came out in late 2007, two new versions, the Kindle 2 and Kindle DX, have already been released.

The Kindle isn’t the first attempt to replace paper books with digital counterparts, but it has certainly been the most talked-about and the most successful. Amazon has even developed a “Kindle for iPhone” app.

So should we all be looking for a new line of work? Is the paper book destined to go the way of the dodo? Will the Kindle kill the used book business?

No.

The first video ever broadcast on MTV, way back in 1981, was a song called “Video killed the Radio Star”. Only it didn’t. Turn on your radio and you’ll still find news, music, politics, advice and more up and down the dial. Video may have killed radio serials like The Lone Ranger and The Green Hornet, but that’s about it.

The same principle holds true for the Kindle. Sure it may absorb part of the reading market, Read the rest of this entry »

Shipping Used Books Through the Post Office Could Cost More Than Ever

July 9th, 2009

Shipping the books you sell on Amazon may soon cost you more than ever. The U.S. Post Office is in trouble. Deep trouble. And that means we can expect more rate hikes coming down the pike.

The USPS’s woes stem from a number of factors. The continued encroachment of the internet on mail’s traditional role in communication is still impacting the volume of mail that’s sent each year. In addition, the economic crisis hit industries like real estate, which usually accounts for a pretty high volume of direct mail, harder than most.

According to the Wall Street Journal, the Postal Service “reported a nearly $2 billion loss for the second quarter ended March 31, with mail volume down nearly 15% from the year before”. According to a statement released by the Post Office itself in February, if current trends continue, “the Postal Service could experience a year-end net loss significantly higher than last year’s $2.8 billion loss”.

So what does all this mean for us as humble sellers of books?

Expect the Post Office to raise rates every six months.

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Top 10 Other iPhone Apps for Booksellers

July 8th, 2009

A lot of people in the bookselling world are buzzing about the possibility of using iPhone scanners. Unfortunately for now it seems that all that’s available are not-so-great apps that “scan” barcodes by taking a picture of them, a method that’s unreliable at best. However your daily activities as a bookseller include a heck of a lot more than just scanning for possible inventory. I’ve compiled a list of other apps that you as a bookseller can use. Here they are, in no particular order:

1. MapQuest 4 Mobile

When you’re out scouting it’s important to be able to figure out where the heck you are going. Whether you’re exploring new areas beyond your usual stomping ground just trying to get home again, this app can be a real lifesaver.

2. Quickoffice

One of the greatest things of having a device as powerful and versatile as the iPhone is that it frees you from being tied down to your computer. With this app you can view and edit your files right from your iPhone with Microsoft Word and Excel functionality.

3. Facebook

Keep in touch with your friends, family and other contacts on the go. Who knows, maybe one of them is just dying to tell you about the garage full of used books they just inherited.

4. Gmail

Just another way to keep in communication no matter where you go.

5. GasBuddy

Every expense affects your overall profit – including gas. With this app you can find the lowest price gasoline and keep fuel costs from burning a hole in your bottom line.

6 Evernote

Never forget anything again with this great app that allows you to take pictures, record voice notes and basically record anything important that you want to remember later. It even scans images and recognizes the words in them so you can search for them later.

7. Google Sync

Keep track of your Google contacts and Google Calendar, anywhere any time.

8. YouTube

Just because you have some downtime or have to wait somewhere for a while doesn’t mean you have to be bored. With YouTube on your iPhone you have millions of videos at your fingertips to entertain you. Better yet, you can check out one of the countless educational videos on the site and learn something.

9. iSpend

With iSpend you can keep track of all your expenses, categorize them and even generate reports that you can export to Excel.

10. Tetris

Because you always need Tetris. Always.

Selling Books On Amazon: Handling Policy Violations

July 7th, 2009

I’ve warned you about selling on Amazon, and how important knowing the rules is. Nothing brings that point into sharp relief quite like getting a notice from Amazon that you are in violation of their policies. That’s exactly what happened to me recently. Failing to comply with Amazon’s policies can mean serious penalties up to and including losing your seller account, which is, quite frankly a terrifying prospect for anyone who makes their living selling used books online.

In this case, the violation had to do with my confirmation emails. I am in the practice of sending out an email whenever I ship a book, just to let the customer know that their books are on their way. It’s good customer service and doesn’t take much time once you develop a boilerplate message to send out. The issue was that in the signature of my email was the URL of my own website.

Now, these emails are only sent after the transaction is complete. I would never try and divert a customer from buying a book I had listed on Amazon to buy it from my own site instead. That is pretty much Amazon’s cardinal sin and if you get caught doing it, you can pretty much expect instant expulsion. The way I justified what I was doing was that the customer had already bought the book and Amazon had already got their cut. What was wrong with letting the customer know I also had an independent site after the sale was complete?

A lot.

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