Attention book lovers! Do you have a passion for reading and a knack for spotting a great deal?
If so, book reselling could be a profitable sideline for you.
With the rise of online marketplaces and the increasing demand for used books, reselling books has become an increasingly popular way to earn extra money.
Today, I’ll go into a little more detail on this in case you want to get started. So whether you’re a seasoned book collector or a newbie who never reads and is just looking to earn some extra cash, this post is for you.
Types of books to resell
You can’t just buy any used book and expect to make money. It’s best to look for books that are in high demand, such as bestsellers, rare books, first editions, textbooks, or niche topics.
Those types of books are more likely to sell quickly and at higher prices.
Where to find books to resell
You can find used books pretty much anywhere! The best places to check are garage sales, thrift stores, library sales, or even online marketplaces like eBay, Amazon, Craigslist, used bookstores, flea markets, and real estate sales.
Determining the value of a used book
Determining the value of a used book is something you’ll get better at as you go along. But things to check when determining a used book’s value include condition, rarity, demand, and specific editions. Some editions of books are much rarer than others.
It’s also quite easy to research a book’s value online. You can see the prices of similar books being sold on various online marketplaces and set competitive prices for your books.
If you’re really unsure and think you have something special on your hands, definitely check with a book appraiser or book dealer before setting your price.
Where to sell your used books
There are many options for places to sell your used books.
You can sell them on online marketplaces like Amazon, eBay, or AbeBooks.
Another idea is to create your own website or social media account to sell your books! However, it can take time to establish an online presence, so your best bet may be to stick with online marketplaces at first.
How much money can you make selling used books?
The amount of money you can make from used book sales depends on the types of books you sell, the demand, and the price.
That being said, with a little research and effort, reselling books can be a very profitable sideline! Over time, you’ll learn what books to search for and what you can do for specific types of books.
Lots of people do this and earn a great side income.
There is competition in the world of book reselling. Many other sellers who know what they are doing are also trying to “flip” used books.
If you want to start this side hustle as someone who is already “in the know” so as not to waste a lot of time with trial and error and basically get over the learning curve that other beginners will struggle with, you might want to consider purchasing the Niche Book Earnings Guide so you are armed in advance with the correct information.
Niche Book Profits is a guide by Jessica Larrew of The Selling Family. I have known Jessica for years and interviewed her here on her blog about her successful Amazon FBA business that she started from home.
Jessica has a LOT of experience in the world of book reselling, and this guide she’s put together gives you all of her valuable information so you can stay one step ahead of getting the RIGHT books, saving you time and money.
When you do get and find the right books, they often sell for 20x or possibly 50x what you pay for them.
In addition, you will learn:
- The exact niches you focus on to score in the best sellers
- Tons and tons of examples of those niches that have been sold for wild profits
- The Best Places You Can Look For Used Niche Books
- How you determine what is a good price to pay for books based on their prices on Amazon
- Everything you need to know about ranges and why it’s different than every other category on Amazon
- How to qualify your books so that your clients always get a pleasant surprise
- The tools you can use to make buying/processing books easier than ever
- Exactly how to price your books so they sell quickly and competitively
- and much more!
Go here to buy the guide If you want to get started on your book reselling sideline and learn the tricks of the trade before going on your first book hunting mission.
Good luck for you!