Ways Of Selling Your Book Inventory Offline
The majority of your profits will come from selling on the Internet but there may be some times when you want to take advantage of other methods of selling your inventory.
When it comes time that you want to convert some or all of your inventory to cash you have some options to weigh and consider. Briefly the sources of buyers and the relative amount realized for your inventory by each source is as follows:
Dealers: Dealers purchase books regularly from other dealers, the public, estate sales, and all or most of the methods mentioned above. When they buy for their inventory they want to buy the best for the least. This is a good source to sell if you can settle for smaller profits but quicker action.
Auctions: Book auction houses are a good source to sell “collections” (your specialized inventory in one genre). Book auctions take place continuously throughout the United States with most of the activity taking place in California and Boston and New York.
The major auction houses are only interested in consigning books that will sell, of course, so they get a little picky. They receive a commission from you (sellers commission) and one from the buyer (buyers premium) of the hammer price. This is a good selling source if you have some valuable inventory.
Prices realized will be better than what you could get from a dealer but sometimes not. Many dealers buy at auctions and have strict price limits for the books they want. Once in a while you will hit the jackpot and get a bunch of collectors to bid your book into the stratosphere, but don’t count on it. Some of the more popular book auction houses are Swann’s in New York and Pacific Book in California.
Collectors: Best sources for prices to sell your books to but slower to sell to. They pay the highest prices but like to know they are getting a good deal. The problem is in knowing which collector may be interested in what type of book. Generally it takes years to build up a list of collectors that buy in your area of specialization. But the Internet has changed much of that. Once a collector has identified himself as being in the market for certain types of books he or she will buy everything you present them with in the genre if the condition and price are right.
You could also get a copy of International Directory of Book Collectors. Published by Oak Knoll Books it boasts some 15,000 listings and costs about $40.
Institutions, Universities. Contact the “Special Collections” department of the university, college or museum and ask for their list of recent acquisitions and current want list. These buyers are working on tight budgets most of the time. But if you have what they want they will pay well to add to their collection.
© 2010, Work At Home Covert Opps!. All rights reserved.
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One Response to “Ways Of Selling Your Book Inventory Offline”
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workplace bosses human resources on October 4th, 2009 8:05 amDuh. I learned that in my first year as a Psychology major. Why can’t RWers, even those who are ostensibly “experts” in the field, figure it out?
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