February 11, 2007

Q&A: Can I sell my unwanted books in a bulk lot on eBay?

QUESTION: I'm considering selling my deadwood books on eBay as a bulk lot. Do you have any insight on this practice?

ANSWER:
I tried this once a few years ago and didn't get a single bid, so I haven't tried it since. However, I've bought several dozen bulk lots of used books on eBay, and there's even a separate category for it: Books, Wholesale, Bulk Lots.

This has never been a primary way of finding stock for me, and I haven't bought this way for a couple of years. I decided it wasn't worth the time because I had a few bad experiences -- some crummy merchandise and one seller who never shipped at all. But if you're patient enough to keep looking for bargains, I'm sure it can pay off.

As far as unloading your books, I think there are two ways for you to approach it:

1. Maximum disclosure. Take a bunch of pictures, and include a list of every title and ISBN in your eBay listing. Otherwise you'll probably get pestered to death with questions, like "Can you give me a list of the titles?"

2. Just say up front, it's pot luck. You don't know what's in there, you just want to get rid of it.

The big disadvantage for buyers and sellers of book bulk lots is the enormous shipping costs that can be involved. So another way you might approach this is by advertising on Craig's List.

If you've never heard of it, Craig's List is a classified ad service, just like a newspaper, except it's online and free. (eBay bought the company a couple of years ago, but hasn't done anything to screw it up -- yet.)

So by using Craig's List, you can eliminate the two big sticking points of getting rid of a bulk lot -- shipping fees, and the advertising costs of placing a classified in your local paper. (Be sure to click through to your nearest metro area on Craig's List, otherwise all the ads you see will be from Craig's Lists' home base, San Francisco.)

You can use Craig's List the other way around, too, as a prospecting tool. For example, you could advertise: "Cash paid for your used books." It's time-consuming and involves a lot of e-mailing back and forth, but it's another way of getting stock that you wouldn't have found otherwise.

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4 Comments:

Anonymous Anonymous said...

We started our bookselling business with one great lot purchase - from an individual selling off a library of investment books. It went downhill from there. Our next purchase (buying out an online selling) got us an "OK" set of book, but he turned us on to some fantastic scouting opportunities that made it all worthwhile.

Then came the worst: roseriversong, and eBay seller, sells us 3000 books, only 1000 of which ever came, and only *1* in sellable condition. Rose drug out the deal so that, by the time I saw the problem, it was too late to file a negative. We've only purchased on pile since then: a stack of music books. Turned out fine. Steve is spot-on in suggesting caution if you think you can buy good stock this way.

2/11/2007  
Anonymous Anonymous said...

I really believe the best thing to do, if you don't have used bookstores in your area who at least might consider making an offer for them, is to donate them.

I think many books without market value but may actually find a home to a reader, especially one who may not even be able to afford a penny sale. Your local library probably accepts bulk donations. The ones they don't want they sometimes pass along or ship to other continents, though you may want to find out first since they may just toss em. Also, in SF Bay Area there is a Prison Reading Project
which is hungry for books.

Ultimately, you'll make more $$ by freeing up your time for books with real market value and allowing the inherent "reading" value of the book to surface.

2/12/2007  
Anonymous Anonymous said...

Yard sales are popular in our area, so I just store my unwanted books in boxes in the basement, and then once each summer I haul them out to the front yard. I advertise the sale on Craigslist. By selling them for .50 in the morning, and .25 cents in the afternoon, I recover some of my "investment." Usually I am able to sell more than half of the books, and having an annual sale reminds me to clean other things out of the house that have outlived their usefulness. After the sale I donate all remainders to the thrift store of a local charity.

2/12/2007  
Anonymous Anonymous said...

Although I don't get a receipt for the donation, I often take books that I don't want to the local VA clinic. I save up Reader's Digests that I find in buy-outs at estate sales, as well as paperbacks that have little or no resale value, especially for this purpose. They are distributed throughout the waiting rooms and they usually end up finding a good home.

2/12/2007  

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