posted on January 17, 2001 08:08:42 AM new
HI all -
While I do already buy for re-sale, my standard approach has been to find books for rock-bottom prices. Then if I get a minimum bid of $3-$4, I have built-in profit [not counting fees, etc] of a couple dollars or more.
I have been researching avenues for buying for resale that would involve paying more for merchandise. I know people here use wholesalers, shop other auction sites or half.com, whatever.
My question is, do you have a formula you use for deciding how much to spend? For example, do you only buy a book or whatever if you think you can sell for at least $5 more than what you paid? Or $10? Or is your rule that you'd have to double your money?
Right now I am looking for quality hardcovers that are recent enough to be still desirable for their subject area, but which have gone out of print or at least aren't readily available already on Ebay/half.com/Amazon. Not to mention, discounted in price, and without high shipping fees.
