Wednesday, June 4, 2008
Selling Books Online
Usually I would suggest that when selling books on EBay to stick with digital books but there are benefits to selling physical ones too so I think I will give some pointers on how to do this effectively.
You gotta first decide what kind of books you want to sell. The draw you may feel to gravitate toward Best-Sellers may not be a good one since they don’t do so well in this format. Try sticking to non-fiction books which ideally you know something about. This isn’t a prerequisite but it helps. New editions of text books tend to sell well before the start of new school terms.
Whatever you decide you will need to do research on which authors and titles etc bring the best price. EBay (search on completed auctions for books that actually sold) and Amazon are good places to begin your hunt. I recommend you look for books that sold for more than thirty dollars.
The next thing is to find the books you want to sell. Yard sales, thrift stores, library sales, and used bookstores are good places to start. Take careful note of the book’s condition as it is usually a big contributor to the price it can be sold for. Use Amazon's book condition criteria as a guideline. Special editions and autographed books can sometimes command higher prices.
Bring your list of high-dollar titles with you and if possible, a cell phone with an internet connection so that you can look up prices on the spot. Specialized book-pricing software is also available for some devices to speed up the process. Note that looking up every single book that you encounter can be time-consuming and may also arouse suspicion on the part of the seller. The hours spent familiarizing yourself with good titles and publishers will help teach you to weed out the duds so you can focus on better prospects.
After a while you will be able to know right away if a book will command a high price or not. You wont find every book listed online. This could mean that the book is worthless or priceless, you need to figure that out for yourself.
Choose a net profit point for profitability on a book sale. Remember to take into account the shipping costs, book storage expenses and shipping supply expenses. Also, your time will be involved with hunting for books to sell, listing books online, answering questions from potential buyers, and corresponding with your buyers. You might find that you average $8.00 for all of the above costs. You want to make sure that the potential selling price of the book is more than your cost for the book plus eight dollars so that you make a profit.
Make sure that you have the following things before you list the books:
Shipping supplies,
Email address,
Reliable internet connection,
A safe place to store your books,
After you find books that you are ready to sell, decide where you want to sell them. Two very popular places for book sales are EBay and Amazon. Amazon will probably deliver a higher selling price but with EBay you’ll probably sell them more quickly if you use an auction format.
It’s quite vital that you are prompt both in your communication to the buyers and in the actual delivery of the products. Email the buyer to let them know when the package shipped along with a tracking number if available. Excellent communication is key to getting a good seller rating which ultimately can lead to more sales.
Keep good records and keep your personal expenses separate from your business expenses. Treat this as a business and be serious in your efforts.
Selling books online can be a great work-from-home opportunity and the feeling of satisfaction when you provide a bibliophile with a rare book that they wanted can be quite fulfilling.
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