Our Side Hustles Breakdown
The world of book reselling can be both passionate and profitable. There’s always a market, whether it’s rare editions, bestsellers, or academic textbooks. However, success requires understanding genres, edition value, and market demand. You may also end up making losses on some editions due to a lack of demands.
- Space Requirement: Stocking books requires space and proper storage to prevent damage.
- Slow Inventory Movement: Some books might take longer to sell based on demand and genre.
- Digital Competition: E-books and online resources pose competition to physical books.
- Diverse Markets: The audience is vast, from collectors seeking rare books to students needing textbooks.
- Sustainability: Selling second-hand books promotes eco-friendliness by recycling and reducing waste.
- Low Start-up Cost: Begin with personal collections or source from garage sales and thrift stores.
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Reselling books was my go-to side hustle in college. I would wait outside the book store, and offer people in line to resell their books to the book store more than they were about to receive. I would then turn around and resell the books for more online. A classic case of retail arbitrage.
This side hustle took quite a bit of time, but the time was well spent, as the resale value of the books was oftentimes nearly double what I bought them for. When bought and sold in volume, this most definitely earned good money for me.