If you are like most former college students, there’s probably a few old text books sitting around and collecting dust. For some reason I had a strange attachment to these books; even though they sat inside a storage tote down in the basement for well over a year. I decided to take action and put them all on the shelf, inventory them, and see what each would sell for.
I started this project with one goal in mind: to sell items I no longer use, or need, in order to speed up my debt payoff. There was also the fact I was collecting too much stuff.
Initially I started my search at bigwords.com to compare book buyback prices. I wanted to get money for my books as soon as possible, but I noticed that many of the buyback stores had a minimum buyback amount. This was a problem since many stores did not want all my books.
Then I noticed that if I gave it a little time and effort, I could possibly sell my books for more money through the Amazon Marketplace. Sure enough this was the best choice. Within three days, I had two books sell. They brought in roughly $50, which is a quarter of my monthly loan payment. That extra $50, before tax, will be going towards the principal.
I chose Amazon to sell because of their large presence on the Internet. Their commission was also reasonable: $0.99 and a percentage of the sale. Anytime I look up a product, Amazon is my first choice and they are usually the least expensive. The ability to list something and have it sell within hours can give you a big leg up when trying to get out of debt.
Have you ever sold back your textbooks? What service did you use and why?