Buyback time has arrived and to help you get the most for your unwanted books, we’re taking a moment to loop you in on a few rules that will help you sell books quickly and for the best rates going. As buyback is time sensitive, let’s keep this short and to the point.
RULE #1: MOVE FAST
Sell your books as early as possible, preferably before everyone else in your class does. Why? Simple supply and demand. If 75 copies of a book are needed for next term, and you’re the 76th person to try to sell that book back, you’ll get much less (if anything) because demand has already been reached and there’s no need for any more supply. It pays to hustle.
RULE #2: THINK BEYOND THE CAMPUS BOOKSTORE
Just as many students buy their books from sources other than the bookstore, so do many students sell their books elsewhere. In fact, there’s an entire virtual marketplace at your fingertips using the CampusBooks.com Buyback Comparison Tool. For each ISBN you enter, you’ll see a list of buyers currently seeking your book, how much they’re willing to pay, and the terms of the sale. If you can’t find demand for your book there, try selling it on a site like Facebook or Craig’s List. This takes a little more effort and patience, but in doing it, you might be able to keep the deal local and bypass any packing and shipping. It’s also a win-win opportunity for both buyer and seller because there’s no middleman taking a cut.
RULE #3: YOU HAVE A COMMODITY; BE INFORMED BUT NOT GREEDY
Say you’ve entered an ISBN into the CampusBooks.com Buyback Comparison Tool. There’s a buyer who’ll pay $26 for it, but you think you should get at least $32 for the book. Know that if you hold out, you could lose the chance to sell it entirely, plus the longer you wait, the longer you go without the sure cash in hand. Is losing that chance (and not having cash now) really worth $6? Know your thresholds in advance but also be flexible. Don’t blow a deal over small change. And keep in mind RULE #1, which says that the longer you hold, the less you’ll get.
RULE #4: KEEP IT REAL
The reality is that no matter how in demand and how good of condition your book is in, the buyback value is never going to be more than half of the price that the book sold for as brand new. That said, a book with a shelf price of $100 is going to max out — best-case scenario — for a buyback of $50. Max. Now this isn’t too shabby by any means, and it’s actually pretty sweet if you happened to buy the book used for $75, but remember that the half-rule by no means applies to every book. So when we say keep it real, we’re talking about your expectations and not freaking out when that same book that cost $100 at the beginning of the term fetches a value of $20 (or maybe even less given the demand) at buyback. Also remember that when you agree to sell your book, it’s on you to make that happen per your agreement with the buyer, so don’t forget to factor in shipping costs and a trip to the post office.
RULE #5: SEE RULE #1 AND GET TO IT WITH A QUICKNESS!