How to Make $750 a Month Selling Used Books

It's a bit of a horrifying experience the first time you walk into a
college bookstore. I remember the first time saying to myself, "You
want a $145 for that?" To say I felt ripped off is an understatement,
which is why this side hustle I'm about to share is all the more
delicious.


I've written previously about how I sell used books online for extra
money ("How to Become a Used Book Hunter"), but that involves going to
garage sales every weekend and sweating the summer heat. Today I'm
going to show you how to buy textbooks online at sites like Ebay, and
then how to resell them online for a profit at places like
BookScouter.com. Consider it my sweet revenge against the bookstores
that overcharged me as a college student.
Here's how to do it…

There's a handy little tool I use to make this work at
BookScouter.com. Their site will let you plug in a book's ISBN number
(right next to the UPC) and then it will tell you how much the book is
worth and which buyback company will give you the most money. I use
this tool before buying a book to make sure that there is a company
willing to pay more for the book than what the Ebay seller is
charging.

Let me give you a couple of examples I found this week…

Here is a screenshot of an auction that just closed for the book
"Fundamentals of Physical Geography." It was sold for $52.50 (plus
$3.99 for shipping) giving the buyer a total cost of $56.49. Using the
tool at BookScouter, I see that Moola4Books.com is paying $61.25 for
the same book and they will cover the cost of shipping if I send it to
them, giving me a profit margin of $4.76.



Also on Rent Scouter, it shows that Amazon's buyback program would be
willing to give me a $71.77 Amazon gift card for this book. Amazon's
program also comes with free shipping so I would profit a $15.28 gift
card. Not too bad!

Here's another one:



After shipping charges, this book cost the buyer $37.11. BookScouter
shows that it could be traded in for a $41.26 Amazon gift card, giving
me a profit of $4.15.

As you can see the profit margins aren't huge on a single book,
because there are several other Ebayers playing this trade-in game.
However, if you can average a $5 profit margin on each book, you only
need to buy 5 books everyday to pocket an extra $750 dollars each
month! Considering there over a million textbook auctions on Ebay
right now, it shouldn't be too hard to find 5 books a day to resell.


If you do decide to sell textbooks for cash, there are a couple of
things you need to remember:
Be sure to check the condition of the book before buying it. Most
buyback companies expect a little wear and tear, but if there are
ripped pages or severe damage to the cover, they probably won't accept
your book.
Pack your books carefully. Most buyback companies will give you a
prepaid shipping label, but you are responsible for your own
packaging. If the books are damaged during transit, you'll have to eat
the loss.
Be careful of payment fees. If you are offered the choice of a Paypal
payment or a check payment, keep in mind that if you choose Paypal,
you will need to deduct those fees from your profit margin.
Good Luck Penny Hoarders!
by Kyle Taylor
Kyle is the founder of ThePennyHoarder.com