Sourcing Books for Resale, Advanced Methods
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- Опубликовано: 28 июл 2024
- In this video I talk about unique sourcing methods that have proven successful for me. Depending on the area you're in maybe you can utilize some of these or at least I hope the video gets you thinking outside of the box a little and seeing opportunity where most don't. Thanks for watching hope it adds value!
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Good tips, Phil. Books are where you find them, and sometimes, books are where friends and acquaintances tell you THEY saw them. Never hurts to have others letting you know when they come across good picks.
Absolutely, the number one way I've gotten them tends to be word of mouth. Thanks for watching glad you enjoyed it!
You say that you "want to provide valuable content" on your videos. Add that to the list of your successes! And please keep doing it. Best wishes.
Thanks for the comment, glad you enjoyed it!
Great advice Phil! Local estate sales are so competitive. The best part of having a bookstore is people bringing in books to sell me. I buy a lot on Ebay, but it takes hours of scrolling through listings to find anything worth buying.
Thank Kent. Yeah sometimes I am up late at night scrolling on auctions and ebay ect. it can take a very long time, worth it for sure, like you know what you're looking for and can make it happen but it is pretty time consuming. Absolutely most of my leads come from having the physical location as well, definitely the one of the big advantages. Thanks for watching man!
Another good one. Every bookseller should read Booth’s book. One of my old friends was a picker of junk. He bought a radon detector and recorder and offered his service to check for hazards. In reality, he was the hazard as he was able to scope out people’s junk and many times buy it. Yes, think out side the box and sooner or later you find the treasures. Also speak with probate attorneys. When estates get settled many times the books end up on the curb.
Absolutely! I know a guy who is a UPS driver, he buys signs. If he sees an old barn he'll ask if they have signs, comes back with cash, he gets fresh finds throughout the week! Probate attorneys, absolutely. Thanks for watching Mook, glad you liked the video!
Really unique tips👌that I am hearing for the first time time here. Thanks very much for taking the time to share.
You're very welcome, glad you enjoyed it! Thanks for the comment 😊
Another awesome vid. Thanks, Phil!
Thank you for watching! Glad you enjoyed it :)
Another great video. Thanks.
Thanks for watching!
Thanks!
Very kind of you, thank you!
Thank you, Phil, this is exactly what I need. Do you think you could go into negotiations in a future video? I'd appreciate your insights.
Glad you enjoyed it! I could try to give some examples in a future video, It's all of course very situation but I could give some common examples I've encountered, it may make for a good video! Thanks for the suggestion.
Hi very interesting from German NY
Reppin good ol' chenango county! Glad you enjoyed the video!
Great video Phil. Thank you!
Thanks Katey! 😊
Great vid. I’m a new subscriber and very happy to have found you. I have had good luck sourcing books as a reseller at an ephemera show. Some ephemera sellers don’t want to deal in books and are happy to get rid of them in bulk. I’ve bought cases of sci-fi paperbacks from an antiquarian bookseller who only wants to deal in 1800s books. Also bought comics from a bookseller who got them as part of a book deal, but doesn’t know about or care about comics. #1 thing you said, it’s all about relationships and treating people right. 🤘😎👍
Hey welcome to the channel, glad you enjoyed the video! That's great, yeah I grt a lot of material as well that's "out of context" from other sellers, auctions etc. as well. Opportunity is everywhere! Thanks for the comment, best wishes on your selling journey!
Estate auctions (at least in my area, rural Idaho) have always been a good source of buying books for me. While you often have to have the ability to move large lots of books, I've gotten some very large collections of books for under $200, sometimes for only $10-$20, just because no one wants to make the effort to move everything.
Ya know most people just don't want to do the work, like moving the collections you've bought. I still am active with the estates out my way, they've remained a relevant source as well. I also have success with book sets and buying them at auctions because no one wants to move them or want to ship them so I generally get them on the cheap, people being lazy works to my advantage, even these recommendations in the video, 99% of people probably won't initiate or get deterred. There's still a lot of books out there and plenty of people willing to sell. Happy hunting!
Hello, thank you for sharing your knowledge with us. I have really enjoyed watching your videos. Do you ever give any of your leads a finder’s fee when they give you a good lead? If not, how do you thank them for helping you out? Thank you .
Most of the time they're just happy to help they never really ask for anything but yes, when they come back to my shop if something worked out I always tell them to pick out some things for themselves. My one guy who helped me line up a pick wanted a couple of items he saw, so if I'm able to make the buy I will give them to him. Always appreciative of the lead and absolutely offer finders fees but nobody generally will take anything from me so I always offer them whatever they want in the pick or to pick out things they want in the shop. If it's other dealers that have helped me out, usually I'm able to return the favor with a lead for them. Thanks for watching, glad you enjoyed it!
Thank you so much for answering my question. I was recently given a good lead and I wanted to see if there was something that I could do for the person who helped me. This gives me some ideas.
Hi Phil, definitely plan to grab My Kingdom of Books based on your recommendation. Any other books about book selling/sellers that you'd recommend? You may have mentioned them previously, but I'm new to your channel. Thank you and best regards.
My Kingdom of Books was definitely an enjoyable read, there are a lot of books out there. I'm currently working my way through Book Row which is good so far, A Gentle Madness is another title I'll read soon, Adventures of a Treasure Hunter is another I've been recommended. Bibliomania. There's hundreds of them, also "books on books" subject material there's just so much out there. I'm gunna start working may way through as much as I can. For one they've been very enjoyable reading and for two there's always something to be picked up upon to potentially incorporate in your own business. Success leaves clues. Glad you're enjoying the channel!
Does the Mob or very rich shelter money on valuebale books?
Hey Phil, hope things are going well for you. I’m thinking about making business cards where it just says something like “I buy books” where would you pass out business cards in my shoes? I wouldn’t want to leave them at a counter at store, since it would have my personal phone number on. (Weird people calling/pranking). Thanks!
I was predominantly giving my cards to select people at the flea markets, mostly dealers. Also other dealers at estate sales. I curated some type of a relationship with them first, antique dealers were my main target. Ask them if they ever come across old books when they're out picking, if they're picking primitive antiques like old farmhouse cabinets, hand forged items, samplers etc. There's a good possibilty whatever home, barn etc. they're picking in may have old books too, the possibility is higher anyhow. Strike up a conversation, it's really about good relationship building. Try and make it mutually beneficial, maybe you can provide them with sources for antiques in your picks and travels?
There's many different ways to skin a cat. Presenting yourself as a serious, confident buyer is important, a lot of it is situational and being able to read the room you're in. Forgive me if I'm saying things you already know, understand I don't really know who you are or anything about you so I'm not trying to talk down if some of what I say is obvious to you.
I wouldn't leave them at a store either... get them in the hands of people who are most likely to come across books but don't have an interest in them. I personally gravitate towards other dealers in different fields of interest than mine. Show face when you can at the different markets or wherever you're going if you can so you're not forgotten about. I don't know what area you're in or what it looks like in the field so to say so I'm being pretty general but hopefully some of what I said helps. If you feel like the conversation isn't going anywhere and they aren't interested in what you're saying don't even waste a card on themz in to the next. Good luck! If you have any other questions I'll do my best to try and answer to an extent.
I want to have a bookstore, but I can't find a store under $5k
It may take some time, no need to rush, there's always an opportunity some where's sometimes just got to be patient! Check out "tax property auctions" in your local area. Sometimes you can get lucky and pick up a property that goes under the radar, it may need some fixing up but it may well be worth it in the long run.
Do you turn down a lot of books and book lots?
I do, I turn down just as much if not more than what I buy.
I just subscribed to your channel. What are your thoughts about selling college textbooks?
Textbooks are one thing I've never sold, I know they had a huge hot streak for a time but not up to date on todays market. I know people have the ability to rent the books for a small fee than have to buy a book for hundreds of dollars, so I'd assume that market has taken a hit, probably a big one if I had to guess. Wish I could help you ojt better but that's one of the few things I never really got into.
Thanks for the subscription btw!
@@thebookpeddler Ok, thank you for responding back....I appreciate your input!
You could find the most valuable books imaginable, and all the doofus sellers on Amazon would be selling it for $9.95 FBA.
🤣 it can happen! But most often the scanners or whoever, have almost zero discernment and pass up cream of the crop non barcoded books. At estate sales I've reached over them and pulled books that were unscannable and probably made more off the individual book than the bags they filled for the day. Also if I find the book on the market like that that's very undervalued I'll just buy it 😊
@@thebookpeddler You must do Online Arbitrage too then. Which software do you use for that?
@@GoldAndSilver988 Actually I don't, it'll be at random if it happens. I have so much inventory coming in I fight to keep up with but if it was a case like mentioned before I'd either buy the copy or just price mine as to what I believe is appropriate and will make the sale down the road. If someone wants to give away their books I could care less to be honest. Some are very heavy with online arbitrage it's like under 5% of my business.