Step-by-Step Guide to $7,014 from Reselling College Textbooks
Welcome Anon, I’m glad you’re here to learn the step-by-step process to generating $7,014 from college textbook reselling.
With the lack of initial capital required and repeatable cycle of supply and demand playing out, I personally think college textbook reselling is the easiest side businesses to start running. Think about it, every year college students (who don’t know anything about business because they’re paying for college) have to buy their textbooks before the semester begins. Once the semester ends, they’re looking to get rid of the books and, if anything, generating a little money offloading them on eBay.
Well Anon, that’s where we step in.
As people sell their textbooks following the completion of the semester, the supply of books being sold increases and the demand decreases; who is buying a college textbook in March? Other than BowTiedBookSeller, of course.
Then, when the semester is about to start back up (August/January), the supply will decrease while the demand increases causing the prices to go up.
Earth-Shattering, right?
Lucky for us, this process happens year-after-year and most book titles remain relevant regardless if a new edition came out.
Once you give your bookselling operation a couple of hours per week, you’ll be shocked at how our thesis plays out.
I stumbled into the college textbook reselling space in September 2023. I was not fully convinced of the thesis, therefore I only bought a few books prior to the January busy season. Sure enough, the theseis played out very well and majority of my inventory sold for ~50% ROI.
Is this money life-changing? No, it is not.
However, the January busy season gave me the confidence in the strategy and assurance I needed to load up for the next semester starting in August.
In this guide, I’m going to show you how to capitalize on the repeatable event that happens twice per year to get you churning to your first $7,014.
Before we get into the bulk of the process, I want to lay out a few ground rules:
This guide is intended to be what it is titled, a guide (Merriam-Webster: one that leads or directs another's way). I am laying the foundation and giving the guiding principles for you to run with. If you’re unable to use this framework, do your own research, and apply what you learned, I’m sorry, Anon, you’re NGMI.
With any venture you start, you might find that it’s not for you. That’s totally fine. I promise, if you give your textbook reselling business a good chance over a six month period you’re going to end up in either of two places: with a profitable book reselling business or a bunch of skills in inventory management, FBA processes, and credit card points.
Apply your own flavor to what I share. I continue to learn new things everyday and have created so many efficiencies with my textbook business than I had when I started. If you read my guide and can make it even better, do that.
Now, let’s get into the nine steps to follow in order to get your college textbook reselling business up and running…
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