Selling used books on eBay
Summary: The discussion revolves around the topic of selling used books on eBay. exprmntl initiates the conversation, and several participants, such as countessalmirena, sugar249, and brickworksmarket, join in to share their experiences and insights. They discuss various aspects, including pricing strategies, shipping considerations, and the effectiveness of different listing techniques. Although several responses are posted, the discussion remains broad, with no specific conclusions or actionable recommendations being highlighted by any of the participants.
Hey everyone,
I've just started on eBay and I chose what seemed to be the easiest path for me to sell. Which is books. Turns out that heaps of the books I'm listing aren't being sold by anyone else on eBay. After some lovely you tubing, it seems as if I've taken the wrong approach to eBay and I'm just listing heaps of products with no demand. Problem being that I have just bought hundreds of random used books that are taking up heaps of room at my place.
So my questions are:
Have I taken the wrong approach to eBay?
How can I figure out which of my books will sell so I don't waste time making dud listings?
What approach could I take to realign my store and become successful? (I'm quite ambitious and would want to start this asap)
On top of all of this, I have started buying items on Lloyds auctions in my country, and I've also ordered some products from china to sell. My biggest two issues to figure out at the moment is Sourcing and shipping.
pirie661
·1 year agoSelling Books in Bundles is probably the way to go. As it saves buyers doing the collecting. However postage is the killer with books.
davewil1964
·1 year agoOnly works if a buyer is after all the books in a bundle. Sets, yes, good idea.
Negotiating with buyers is the way to go. If they won't contact pre-purchase, the seller gets the fees on all refunded amounts reimbursed. And a grateful customer.
love_of_cars
·1 year agoI used to love secondhand book shops but the few which have survived today feel more aimed at tourists than locals, especially the pricing. These days I just try my luck at op shops, had some great finds there.
pirie661
·1 year agoMy dad owned a 2nd Hand Book Shop in a small town in New Zealand. It got rough for the 2nd hand book shops when Trademe, Ebay and Abe Books came along. Dad would occassionally sell on Abe Books and Trade me. But it ended up being alot of work for him, especially sittng in a shop 8 hours a day in a quiet small town in rural NZ.
twyngwyn
·2 years agoFWIW: I use tracked & untracked, depending on the cost of the item....just have to factor in the occasional loss. If there are heaps of the same item on eBay>>>BIN. If you have the only one>>>>auction....and.....if you want buyers to be able to 'bulk up', also go to Auction (so much easier to discount postage costs)
chameleon54
·2 years agoLike most things, selling books is a specialist business. I sell books on three ebay accounts including one for a local charity book shop. All up I run around 2000 listings most of the time and make around $40 per hour for the time I spend on ebay.
There are plenty of books that might sell for $10 plus postage on ebay but by the time you buy them, photograph them, store them, answer questions, pick and pack them and pay ebay commissions, you only make a few dollars per hour for the time you spend on the site. That's OK if you are just doing it for a bit of fun and a few extra dollars, but it is not a viable business model.
The most important factor you need to quantify is dollars profit per hour. To do this you first need to correctly quantify how many hours per week you spend on ebay including browsing in op shops or where ever you get your books, listing, packing and posting time . Next you need to accurately figure out what your real profit per week is. You need to include ebay fees, stock costs including dead stock ( stuff that never sells ) , online shoplifting etc. After that its a fairly straightforward calculation.
Only around 1 in 500 used books is of reasonable value ( over $30 - $40 ) and probably only 1 in 5000 - 10,000 that is really worth something ( $300 plus ) The secret is to be able to find and identify the valuable ones and sell those. If you are the only one who recognises them, chances are you will only pay a few dollars for them. Around six months ago I purchased a bulk collection of rare books for between 50 cents and $2 each. Around half of these sold for between $50 and $200 and most sold immediately at auction, making for a very profitable couple of weeks.
There are several key points that can help identify rare books, but a lot of it is the X factor that cant easily be quantified. Things to look out for are first editions of classics, particularly early series books by a now famous author. Later, more popular titles by the same author can be worthless because there where heaps printed. Also look for first print runs of rare first editions, these can cause prices to skyrocket. You will need to educate yourself to identify these.
Next thing to look for is rare printings of sought after collectible books. Usually corrected soon after printing, but some escape into circulation. Again research research research.
Next thing that is a definate is subject matter. Books are collectible like anything else. Collectors usually stick to an author or type ( ie Science fiction ) or a particular subject in non fiction ie vintage sewing books.
Generally there are a lot more valuable books over 80 years old, but some recent titles can also make the list if hard core collectors are looking for them. Think rare computer game cheat books, limited edition art books etc.
Next there are a lot more valuable hard cover books than paper backs. First edition Sci fi and fiction by famous authors was often issued in HC then printed in PB for the masses.
Limited editions are an indicator. Numbered books under 1000 total print run and usually signed by the author are worth a look.
Signed by the author generally adds value to rarer books, but if a personalised / named inscription is included - not so good.
Books on famous people, signed by the subject increases value. I have a nice limited edition ( 750 copies ) book of Fredrick McCubbins art work, signed in pen and ink by the artist in my private collection. It includes a letter from the Author of the book on National Art Gallery script paper. I paid quite a bit of money for this one.
The rarest book in my private collection is by an early colonial, female artist. It depicts 20 hand painted, gilt embossed plates of our native flora. There where less than one hundred printed and only around a dozen are known to still exist. I was reading a 1920's Government publication which detailed the book, including that the national gallery was known to have a copy in its collection. This triggered a five year search and " wanted " listing with antiquarian book dealers to locate and purchase a copy. Its proven to be a good investment and will make a beautiful keepsake for my daughter.
Back to ebay, Store your books in bookshelves in groups themed alike. This makes picking and packing easier and adds to dollars per hour.
Buy postage materials in bulk. 50 - 100 padded bags etc at a time. This cuts costs and increases profit. Get a my business account with AP. Again cuts costs. I send cheap smaller books under $40 in value as large letters. Add a small amount to postage cost to cover personal insurance in case one " goes missing ". Item not received and No tracking .......... just refund, dont argue. Time is money and you can waste a lot of time chasing claims you will probably lose anyway. The only time I fight a case is when something is definately suss. You are running a business not a crusade and the buyers have already paid for the claim through your slightly higher postage cost.
The real key is to find THINGS BUYERS ACTUALLY WANT and are willing to pay good money for. Stuff that few others are selling. That usually means specialised or rare items that can be purchased cheaply ( because no-one else knows what it is ) and sold for good prices.
davewil1964
·2 years agoYour third issue could well be Managed Payments. Have you signed up and been verified?
exprmntl
OP2 years agoI haven't actually heard of managed payments, I also was not 100% aware that people could do click and collect for my items. Both of these are topics I might do a little research on.
Over the past couple of days, I finished sorting through the books I had and have put ones with above 50% sell through rate in a seperate box to list first. The others I will try to sell at a local flea market. Just because space is currently much more valuable to me than some lower quality stock. (I live in a share house)
Postage wise, I've looked into flat rate postage costs, my main concern with that is that I am not left with much of a profit margin if I sell books below $20 with free postage. I will start printing out all my postage labels through Aus post my business site. I've realised that the eBay doesn't connect to my business properly though. So I've been doing it manually.
I met a guy today who has been involved in selling in ebay for the past couple years suggest doing untracked postage for lower priced items. I know this will make me heaps more competitive on price if I start doing that. What's your thoughts on untracked postage?
Another thing I've noticed is that book sets sell quite well, so I've combined a few of my listings. I might even do book bundles by the same author or topic and see how that goes.
I realised with auction houses, I am a bit too excited to win the bid and make bad buds due to that, so I'm going to write up a bidding price versus profit chart and put it up on my wall to give me a hard line price wise for bidding. I've also decided that I don't want to sell any used electronics unless they are still sealed in their original packaging.
Is there any chance @davewil1964 that you could drop a link for one of your eBay stores? I would like to take a look through and see if there are any easy things I could adopt from you.
cam-2793
·2 years agodavewil1964
·2 years agoCan't drop you a link. It's probably against the rules.
Your biggest, most urgent, issue is getting verified for Managed Payments.
As a new seller your funds will be held by eBay for up to 30 days, but if you don't sign up for MP you will never get your money.
gutterpunkz05
·2 years agoResearch - Trial & Error - Hard work - A bit of luck - More work.
To me your prices seem high, I know postage costs, Try bundling some of your listings, other sales options.
Be careful with auction houses, prices often driven up well over market and retail value.
daydreams_12
·2 years agoPlease dont think you are going to become a millionaire overnight. That is not going to happen.
No seller is going to tell you what sells and what doesn't. My suggestion is to get rid of the store and just list a few unwanted items from around the house. As they say some "one man's trash is another man's treasure." It is not all just fun and games.
Your book prices seem a bit off to me. I wouldn't just go buy hundreds not knowing what you are getting. You need to do your research as said. Davewil has sold them for a long time and knows what he is doing. Listen to what he has said.
sugar249
·2 years agoSo you are really suggesting no one should try to make a meaningful business from Ebay. It should just be a platform for selling ''trash''. I don't think OP said they wanted to be a millionaire, but there are definitely opportunities with the right research and business process to make some serious money, not just selling ''trash''. OP can make a serios go of this, if they approach it in the correct way.
davewil1964
·2 years agoI sell books.
I don't recognise most of yours, but those I do seem to be priced a tad high.
Books take time. I recently sold a couple of books I have had listed for over a decade. I rarely sell any in the first month they are listed. Normally it will take 6-12 months to make a sale.
If you are going to sell books, as said you need to research. Pricing wise, if they are not on eBay check other sites. Accurately describe, don't call it a first edition if it a publisher's first edition. Make note of any flaws - better to claim a lower condition than a higher.
exprmntl
OP2 years agoThanks for your reply and everyone's reply.
I'm currently going through all of the books I have not yet listed and doing some research. It looks to me like roughly 1 in 8 are worth listing. The reason my costs are a little higher per book is that I still haven't figured out how to calculate accurate postage prices. I'll probably go through and change heaps of prices once I've looked into proper postage prices.
And again, thanks!
padi*0409
·2 years agoI rarely buy books on eBay, but today I had to - puppy's a bookworm......................
But I searched "price and postage lowest" as a start point, then weeded the sellers out by feedback. I would imagine that is a fairly common way to do it.
If your prices are higher than the competition then you aren't going to be in the race for me.
brickworksmarket
·2 years agoYou will need to learn quick when it comes to posting books due to the weight. Many use padded mailers which allow up to 5kg and have 4 sizes.
Many bigger sellers will also be using mypost business and paying a lot less postage so try and avoid low cost books which will be hard to compete .
davewil1964
·2 years agoI would also seriously reconsider offering click and collect. Anecdotally it is fraught. Dealing with a carrier and a buyer can cause enough issues without adding another layer of potential issues.
Pick a carrier. I strongly recommend Australia Post. Look into MyPost Business. It might not necessarily be cheaper than eBay labels, but it won't be more expensive. $50 per month in postage will get you modest discounts.
I use flat rate postage and bulk edit when AP up the cost. Only takes a few minutes for 2k items, so not a biggie for you.
Don't chuck the books you have already bought - it might take a few years but they will probably sell. Better than burning your purchase money as it costs nothing to list.
If a few hundred books (less than my personal library) are cluttering up your place maybe look at selling smaller things.
*sons_n_daughters*
·2 years agoOP. listen to Dave. He knows what he's talking about when it comes to used books. I doubt there would be many here who know about books like Dave does. I won't say "book guru", but you should get the idea. Don't look at this ID. This is a supplementary account. He has thousands and thousands of listings over multiple accounts, with a good sell through rate.
davewil1964
·2 years agogood sell through rate
Moderate.
My supplementary account has numbers similar to the OP and a sales conversion rate of <5%. I have no idea what that means, but the cream tends to get picked off.
brickworksmarket
·2 years agoSelling on ebay is quite simple and most things are taken care of automatically when it comes to the sales side. Unfortunately as you are starting to find out the hard part is finding items to sell that do have a good sell through rate and you can buy them at a price that leaves enough to make some profit.
Best advice I can give is to study the sold lists for items you want to sell and if no one else is selling them it may be due to no one is looking for them.
domino-710
·2 years agoStill trying to figure this one out. lol
brickworksmarket
·2 years agoSeems alright too me but then I wrote it.
sugar249
·2 years agoI'm confused by that one as well, I would have thought the best items to sell would be ones no one else does.
In fact a couple of mine, I'm the only seller on Ebay, a definite advantage
brickworksmarket
·2 years agoAlways best to sell brand name popular products. The faster it sells the more I am willing to outlay for the item the less space I need to store it. I can't think of many items that are not already for sale on ebay that would have a good sell through rate but I do now keep to a certain product type and try not to deviate.
Maybe you mean no one else sells that brand but then you have the problem that not as many will be searching for them.
sugar249
·2 years agoNo I dont mean no one else sells that brand, the secret is go for unique products.
If all all just sold the same brand than its going to be a race to the bottom on price. Go for items which people want. Research will tell you the answers, and it definitely isnt brand name alone.
brickworksmarket
·2 years agoWouldn't items people want be popular items.
padi*0409
·2 years agoThey're just as likely to be hard to find items.
domino-710
·2 years agoWhen was the last time you actually read a book. lol
davewil1964
·2 years agoWouldn't items people want be popular items.
Popular items would tend to have no margin in them as everybody is attempting to sell them. There are always those who race to the bottom. And we are, according to the header. talking about books
I sell an eclectic range - some are hard to find/signed/first edition, some are MMPBs with small margins. Those do, however, keep the turnover up.
sugar249
·2 years agoThere is just one word for it, yes you may be ambitious, but you must do Research, research and more research.
Just looking at some of your prices on a couple of books I could be interested in, they are high.
Also I strongly disagree with the sweeping statement by countess re products from china, heaps and heaps of products in Australia, even from bricks and mortar, and quality stores, are from china, my store is full of china stuff, but I have selectively chosen the products for quality and what the buyer wants. Again research, research and more research.
Just opening a store on Ebay and thinking you can buy (any) product is no guarantee of success, there is a magical word, research.
countessalmirena
·2 years ago@sugar249,
I said “rubbish stuff” and I meant “rubbish stuff”. (As in, I wasn’t being pejorative towards all Chinese-made goods and classing them all as rubbish.) China can manufacture superlatively - and no one can deny that, but the garbage quality stuff that’s made of cheapest possible raw materials really is shoddy; it isn’t made to any high standard whatsoever. I draw a distinction between items designed by a good brand manufactured in China, and an unbranded churn-it-out-from-a-cough-and-spittle item.
countessalmirena
·2 years agoOP, you will have to be patient with books. Doing some research on sold items is a good start. It’s not necessarily bad that you want to sell books that no one else is selling - but the proof will be in the pudding. It costs nothing simply to list, so you might as well give it a try.
Ditch the store, though. You can sell without the ongoing subscription fee of a store. Unless you can see it’s worth it, that store is a deadweight around your ankle.
Re the rest of your post, I cannot see other sellers giving you information sourcing goods. That’s just not reasonable.
Re shipping, do you mean shipping TO you from your current suppliers? Or do you mean postage to buyers?
Re getting products from China, I’ll be frank. I don’t want rubbish stuff from China. If I did, I’d buy it directly from China. I don’t want electrical items that aren’t made to Australian safety standards and that don’t have warranty. And so on… There are plenty of other buyers who have a similar stance, but to ce fair, there are plenty of Australian buyers who don’t mind and who will simply go for the cheapest price.