09-30-2024 06:46 AM
Was thinking today about how bad it's been getting and now even worse. There is strong inflation in the prices of books to source. T his year I lost Salvation Army and a discount store due to prices jacked up across the board. Lost a catalog I used to buy heavily from. Prices up across the board. Went to a library sale, prices doubled. In my town a collapse in donations of good books to libraries. Marketplace a desert. Tons of competition. And the latest is Amazon changing their website so it's nearly impossible to reprice AND sellers who do not grasp the problem may start gutting prices for the rest of us.
Are any of the rest of you booksellers facing similar problems? Maybe not if you are connected to a bookstore where you get all your books.
09-30-2024 06:52 AM
To me, your post does not describes the "strangling of the online book biz". It is simply a list of the other people you blame for your lack of success in the online book business.
09-30-2024 07:01 AM
Trying my best but pretty much failing these days.
09-30-2024 07:08 AM
I don't see the book business being strangled. Sourcing is a challenge, absolutely. And there is more competition than ever before. But that is true of many, many categories, not just books.
Eventually, there will be something of a shake out, with some sellers dropping out entirely, or reducing the proportion of their inventory that is book inventory.
09-30-2024 07:09 AM
Use it as an opportunity to list your backlogged inventory.
Most booksellers have good stuff that is languishing unlisted. Shop your own stock.
09-30-2024 07:12 AM
The online book business is not strangled. As a medium-sized business by my thinking (not a one-man operation, but nowhere close to the megasellers), we're thriving on eBay right now, because we're knowledgeable and selective about what we list. Sure, don't waste your time if you can't make money on something, but that doesn't mean the industry is "strangled". Just that you have to use your skills to make it work.
09-30-2024 07:15 AM - edited 09-30-2024 08:02 AM
In all the years I've sold here, my sourcing has never stayed the same. Some things are impossible to find now, some too high to flip and more and more competition for everything. I doubt your book selling saga will ever be what you want it to be. I just do the best I can.
09-30-2024 07:24 AM
I am going to be blunt.
By all of the measures taught in business school, the used books business is and always was a crappy business.
If you attempt to buy by the book from a source which is also trying to make a profit, you are already handicapped.
If you do not have the ability to buy lots of books, store them and sell enough to pay for your costs and a profit by selling just a few of them, it will fail, sooner or later based on your needs and your level of stubbornness.
The internet bookseller was a temporary aberration, which provided a bookseller with more buyers because of the elimination of geographic limits. That is not enough given the reduction in recreational reading, and the competition by e-books.
There are a lot of booksellers left who started before the internet, and will continue to sell until they retire or die. And there are still a lot of people who become booksellers in their retirement. It seems to many to be easy entry, but all easy entry businesses are failure prone.
If you had a good run, and you cannot find a strategy that works, pack it in before you lose all you gained.
@lux.ra_14 has made a good suggestion but it usually works for only a limited period of time. And it does not work if you were making your buying decisions based on sales rank and by the piece. Many books are worthless and will never recover any value. Were they to gather any value, it would probably be lost to postage increases.
I sometimes wonder whether I should invest in a company making portable or do it yourself pulpers.
09-30-2024 08:32 AM
Agree with @lux.ra_14 - shop your own stock (I thought you were trying to reduce this and spend your time on other endeavours). For books (and clothing - which is undergoing similar struggles) I think it'll either be in-demand specialist titles (and clothing) or having to have thousands of listings, and even then not the same stuff the megas blow out for a few pennies.
The other day it cost me over $11 to ship a textbook media mail.
09-30-2024 11:49 AM
@chapeau-noir wrote:The other day it cost me over $11 to ship a textbook media mail.
We have some that would cost even more than that. Media Mail prices keep going up, although they're still cheaper for most books/media, although I've been told that sometimes GA ends up cheaper on light ones. I don't do the actual shipping here at our company so I don't know if we've had ones we've changed from Media Mail to GA.
09-30-2024 01:01 PM
Ironic... Less and less people read physical books today and only a short time ago you couldn't give books away. I can remember my local thrift store not wanting any books, they said "just throw them in a paper recycling bin".
Sounds like a supply problem. Perhaps those years of "disposal" created a book shortage?
09-30-2024 01:03 PM
@chapeau-noir wrote:
The other day it cost me over $11 to ship a textbook media mail.
I've noticed now that with some books GA is actually cheaper than media mail. So anyone selling books should look out for that when printing labels.
09-30-2024 01:07 PM
@movieman630 wrote:
@chapeau-noir wrote:
The other day it cost me over $11 to ship a textbook media mail.
I've noticed now that with some books GA is actually cheaper than media mail. So anyone selling books should look out for that when printing labels.
It was more expensive with GA - I check with the heavier books because GA often is, indeed, the better option, or for a only few cents more gives a quicker transit time.
09-30-2024 01:11 PM
GA is often cheaper than MM if the book weighs less than a pound.
I have not seen this in higher weights.
09-30-2024 01:37 PM
One of my long-term sources dried up recently, due to his death. While he was alive, his stock was eclectic; and he never bothered looking up values from the internet -- so I've scored quite a few boxfuls of worthwhile inventory from him over the past 30 years.
He had never bothered pricing his books very high -- rarely anything higher than $3.00, and that was for recent best-sellers, in which I have no interest. I'll gladly settle for the cheap $1.00, $1.50 and $2.00 books, that I know are undervalued.
My wife and I just visited his store a month ago, to discover some surprising changes. First of all, a newer (and younger) employee had re-sorted nearly every book in stock, so that the genres actually made sense (mysteries with mysteries; westerns with westerns; military with military; and so on).
Of course, this saved me a great deal of time, since the original owner had given up on accurate genre sorting very likely shortly after he had opened -- resulting in only the brave and foolhardy (guilty, as charged) venturing to examine each shelf on the odd chance of discovering a rarity amongst the mishmash.
But the kicker was the pricing: Some obvious new inventory had hit the shelves, and some books which I definitely would have purchased in the past for $2.00 or less. But, wait a minute -- what's this $5.00 price tag?!?
Turns out the old guy had finally passed away, and his warehouse had been cleared of inventory. A nicely framed photo of the fella hangs amidst the shelves, and somebody new had taken over. (Sigh).
I gathered up the 20 or so books which I had found, and made my pay-out at the cash register. I congratulated the new owner on the recategorizing of the existing inventory, and inquired about the chances of any additional books coming from the old warehouse; but, no, none from the old dependable cheap stockpile -- "but check back again, because the new owners will be regularly restocking".
Yep -- restocking with new, inflated prices.
No thanks -- looks like I'll cross that source off my list. So long, Charley -- and watch out for the silverfish.
Maybe it's just as well -- I'm getting to be of that age when the shadows are growing just too long at twilight, and book-hunting is just not as much fun as it was 40 years ago.
I'm not giving up yet, mind ya -- I have way too much unlisted inventory piled around me.
But I'm just not planning to do all the running around, up and down, and back and forth, as I did for 60 years.
Book-hunting is fun -- but physically and mentally exhausting.