Is Amazon trade in offers a questionable good deal

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By thecollecktor

Amazon's example of an offer for a book Sell Back Your Copy For a $0.38 Gift Card Learn more  22 used & new from $7.66
Amazon's example of an offer for a book Sell Back Your Copy For a $0.38 Gift Card Learn more 22 used & new from $7.66

Finding value in your books

Amazon built its business with books fullfilling the need for customers who found their purchasing experience for buying books a positive experience. Amazon knew books and offered a business plan for getting the books to their customers at great prices and with great service. Dealers were added allowing more access to books and prices for many books plummeted. For the consumer it was a great opportunity to find books they wanted at $.01 or $.99 as many dealers with overstocks made their money with the shipping reimbursement and volume. The value of books overall kept dropping opening up the opportunity for Amazon to reintroduce a better way of reading with the kindle. The kindle was an answer to those who loved books and hated lugging books around.

The value of real books continues to drop as consumers clamor for books they can download to a kindle or other reading device. In spite of the drop in the value of books there are books still selling through Amazon for a fair price. Amazon recognizes their value by offering to buy them from you with a gift card for the price they show on their website at the page where the book is being offered. A good example is the Visconti-Sforza Tarot Cards by Michael Dummett. Amazon is offering $.38 gift card trade in for this book. Considering many books are selling for $.01 this is a fair offer, one would think. You still have to wrap up the book and send it to them. As you look closer, used copies are selling for $7.66 each. This means you could sell your book through Amazon for $7.66. There is a cost to selling books, that will take about 1/2 of the selling fee which is slightly recovered with shipping costs. To ship this book media rate is about $1.50 and Amazon pays $3.99 shipping, a charge they pass on to the customer which adds $2.49 to your proft. Overall what you make for the book is $3.86 plus $2.49 or $6.35 which Amazon is offering $.38 in a gift card for. The disadvantage of selling it yourself is you have to wait to someone buys the book on Amazon from you. Sometimes this can take months or sell soon, depending on the demand for the book. Amazon rates almost every book with a rating. The Visconti -Sforza has a rating of 1,450000 which means there are 1,449,000 better selling books on Amazon. Books with a rating of over 1,000,000 will take longer to sell depending on quantities available and when people make the decision to buy the book.

The offer Amazon is making is fair if you do not want the hassle of selling the book yourself or waiting for a purchaser. It isn't difficult to sell things on Amazon and you may find it more fun to make more for your books when you are done with them than the offer being made in trade.

I have found it a fun adventure selling books and well worth the time invested. Let me know your experience of if you have questions. I am here to help

Comments

thecollecktor profile image

thecollecktor Hub Author 4 months ago

Thank you AudreyHOwitt and JayeWisdom. I sell a few books on Amazon, found the Pro Merchant method added costs when I didn't sell more than 39 books a month. I rather pay the $.99 closing fee up front at the time of the sale. Right now I am selling about 5-12 books a month. I wonder how long it will be before they go strictly to the e reader style books. Book sellers like us will have to find a new vehicle to sell books as they switch to what is more profitable based on the market. No inventory costs although I agree with Amazon you can list it until sold, a huge advantage over ebay. Thank you both for your kind contributions

JayeWisdom profile image

JayeWisdom Level 7 Commenter 4 months ago

I sell used books on Amazon, both almost-new books that I buy from Amazon and read once, as well as books in very good condition that I buy from a Friends of the Library sale for $1 each. I make very little profit on the former, which must often be priced quite a bit above the minimum price for that book on the site if I'm to profit at all.

The latter books can be priced competitively, though I still must pay the Amazon commission. I have a large inventory, yet sell only a few books per month. The best part of the Amazon deal is that, once I've listed the book, it stays on the site until it's sold or I remove it. That's much easier than listing it on eBay for a limited period of time.

Single books, especially hardcover copies, don't sell well on eBay. When I list books on eBay, they are paperbacks sold in lots that make very little profit. Since I read all the books I list online to sell, this method is helping me (albeit slowly) remove books for which I don't have enough shelf room. So I can buy more books, of course!

AudreyHowitt profile image

AudreyHowitt Level 7 Commenter 4 months ago

I agree!! I have watched the cost of books plummet on the site. I collect odd and esoteric books and had been reselling them on Amazon for a long time. This past year, competitors have dropped all of their prices--it is terrible to sell a book for a penny and hope to recoup something on the shipping costs--I just don't go there.

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