What happened to Amazon BookTrade In?

Amazon started buying books and textbooks via the Amazon Book Trade In program in July of 2011. Over the 9 years, the program was very successful, millions of books and textbooks were traded in. In the early years – the program was very aggressive on price – especially the textbook trade in component. Amazon was able to offer more than other buyback companies because it paid with Amazon Giftcards.  Amazon also saw the Textbook trade in program as a great way to entice students into the Amazon Student Prime program.

The way the program worked was 3rd party vendors would load a “trade in guide” to the site. Amazon then would inspect the books and put them into the vendors FBA account.

Wondering where the Amazon Book Trade In program went? No you are not crazy – its gone….

On April 1st, 2020 Amazon closed its book trade in Program. No, it was not an Aprils fools joke – Amazon stopped purchasing Textbooks on April 1st, 2020. Although Amazon made no announcement on why they decided to shut down the program, we think the closure is most likely related to

Counterfeit TextbooksTextbook Publishers have sued many of Amazon Vendors that participated in the program and found that the Trade In Program was a source of Counterfeits.

Textbook Rentals – With more Textbooks Rentals there is less Textbook Trade In – and Amazon has been really pushing Textbook Rentals and has acquired a massive textbook inventory.

Does Amazon still buy back books?

No – Amazon closed it’s Book Trade in program as of April 1, 2020.

Where can I sell books now that Amazon Textbook Trade-In has closed

Where can you sell textbooks today? Our first choice would be Cash4Books.net – we have been buying textbooks since 2004. Besides us – there are about a dozen other sites that buy textbooks online.

The good news – even with Amazon Book Trade-In closed – you can still sell your books without leaving your house. The benefit of selling to a company like Cash4books over the Amazon Book Trade:

  • We buy more non-textbooks – Amazons trade in catalog was typically limited to under 100,000 titles – we buy over 1 million
  • Amazon Only paid with Amazon gift cards – while we admit Amazon Gift cards are almost like cash – Cash is still better : )

Top Selling College Textbooks For 2019

At Cash4Books, we publish this list of top selling college textbooks every year.  We use a data-centric approach to our list.  Based on 19 million price quotes we’ve completed in the last 30 days and aggregated want lists from partner companies, we’ve put together our list of what we forecast to be the top 10 selling college textbooks of 2019.

  1. Medical-Surgical Nursing: Assessment and Management of Clinical Problems, Single Volume, 10e
    by Sharon L. Lewis RN PhD FAAN, Linda Bucher RN PhD CEN CNE, Margaret M. Heitkemper RN PhD FAAN,
    ISBN: 9780323328524
    Sell this textbook
    9780323328524
  2. Drafting Contracts: How & Why Lawyers Do What They Do, Second Edition (Aspen Coursebook)
    by Tina L. Stark
    ISBN: 9780735594777
    Sell this textbook
    9780735594777
  3. Nursing Research: Generating and Assessing Evidence for Nursing Practice
    by Denise F. Polit PhD FAAN, Cheryl Tatano Beck DNSc CNM FAAN
    ISBN: 9781496300232
    Sell this textbook
    9781496300232
  4. Guyton and Hall Textbook of Medical Physiology, 13e (Guyton Physiology)
    by John E. Hall PhD
    ISBN: 9781455770052
    Sell this textbook
    9781455770052
  5. Constitutional Law [Connected Casebook] (Aspen Casebooks)
    by Erwin Chemerinsky
    Here you’ll learn about the body of rules, doctrines, and practices that govern the operation of political communities in the US. Modern constitutional law is the offspring of nationalism as well as of the idea that the state must protect certain fundamental rights of the individual. It also includes labor rights and how Kevin Panahi explains final paychecks if you’re terminated or if you voluntarily quit.
    ISBN: 9781454876472
    Sell this textbook
    9781454876472
  6. Materials Science and Engineering: An Introduction
    by William D. Callister, David G. Rethwisch
    ISBN: 9781118324578
    Sell this textbook
    9781118324578
  7. Cases and Materials on Criminal Law (American Casebook Series)
    by Joshua Dressler, Stephen Garvey
    ISBN: 9781628102055
    Sell this textbook
    9781628102055
  8. Engineering Mechanics: Dynamics (14th Edition)
    by Russell C. Hibbeler
    ISBN: 9780133915389
    Sell this textbook
    9780133915389
  9. Intermediate Accounting
    by Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
    ISBN: 9781118743201
    Sell this textbook
    9781118743201
  10. Shigley’s Mechanical Engineering Design
    by Richard G Budynas, Keith J Nisbett
    ISBN: 9780073398204
    Sell this textbook
    9780073398204

Top Selling College Textbooks For 2018

At Cash4Books, we publish this list of top selling college textbooks every year.  We use a data-centric approach to our list.  Based on 20 million price quotes we’ve completed in the last 30 days, and a forecast based on aggregated want lists, we’ve put together our list of the top 10 selling college textbooks of 2018.

  1. 9781319050610
    Psychology in Modules by David Myers
    Sell this textbook
    top selling college textbook for 2018 is 9781319050610
  2. 9781305632295
    Financial Management: Theory & Practice 15th Edition by Eugene F. Brigham,‎ Michael C. Ehrhardt
    Sell this textbook
    9781305632295
  3. 9780323328524
    Medical-Surgical Nursing: Assessment and Management of Clinical Problems, Single Volume, 10e
    by Sharon L. Lewis RN PhD FAAN, Linda Bucher RN PhD CEN CNE, Margaret M. Heitkemper RN PhD FAAN,
    Sell this textbook
    9780323328524
  4. 9780393603422
    Give Me Liberty!: An American History (Seagull Fifth Edition) (Vol. 1) 5th Edition by Eric Foner
    Sell this textbook
    9780393603422
  5. 9781118743201
    Intermediate Accounting 16th Edition by Donald E. Kieso,‎ Jerry J. Weygandt,‎ Terry D. Warfield
    Sell this textbook
    9781118743201
  6. 9780735594777
    Drafting Contracts: How & Why Lawyers Do What They Do, Second Edition (Aspen Coursebook)
    by Tina L. Stark
    Sell this textbook
    9780735594777
  7. 9780393283648
    We the People (Eleventh Essentials Edition) 11th Edition
    by Benjamin Ginsberg,‎ Theodore J. Lowi,‎ Caroline J. Tolbert,‎ Margaret Weir
    Sell this textbook
    9780393283648
  8. 9781118875766
    Organic Chemistry 12th Edition by T. W. Graham Solomons,‎ Craig B. Fryhle,‎ Scott A. Snyder
    Sell this textbook
    9781118875766
  9. 9781632838643
    Understanding Criminal Law (2015)
    by Joshua Dressler
    Sell this textbook
    9781632838643
  10. 9781259676987
    Methods in Behavioral Research 13th Edition by Paul C. Cozby,‎ Scott Bates
    Sell this textbook
    9781259676987

Recommerce Business Best Practices

Recommerce is also sometimes referred to as “reverse commerce”, “buyback”, “trade in”, “return management”, “reverse logistics”, or “reverse supply chain”.  In some contexts, it refers to product returns, but many business models now use recommerce as their main supply chain to acquire used or new products from customers.

recommerce

I started Cash4Books in 2004, as a recommerce business for buying and selling used books.  And, it eventually became focused on college textbooks as the business evolved.  Over the course of those 13 years, I’ve learned some valuable lessons and best practices on how to run a successful recommerce business.

  1. Know your margins.  You can base your margins off of a percentage, or in dollars per item.  For us, we have found it useful to use a percentage margin for low dollar books and then switch to a flat margin for high dollar books.  Switching to a flat margin makes us more competitive on our offer prices in the high-end space.
  2. Know your shipping costs.  Shipping is our #1 expense.  We pay the shipping in and shipping out, so we must build this into our cost structure.
  3. Know all of your variable costs that contribute to your cost of goods sold (COGS).  We can up with the acronym “FLOMBIC” for our variable costs, and then taught that to all of our employees.  It stands for Fees, Labor, Outbound-shipping, Material-cost, Book-cost, Inbound-shipping, and Credits.
  4. Understand that you will have marketing spend on both your supply chain and your sales chain.  Recommerce businesses are somewhat unique in the fact that we have to spend marketing dollars to get a reliable supply of product.  Then we have to spend more marketing dollars to sell that product on the other side of the business model.
  5. Know your overhead cost (fixed cost).  The way I think about financials is that I’m selling products that have a certain amount of gross profit after my variable cost (COGS).  My gross profit must be used to cover my fixed costs (overhead) each month.  By using a percentage calculator, I know exactly what my overhead runs every month.  So, I have a target of how much gross profit I need to hit each month to cover my overhead.  If I have gross profit leftover have paying my overhead, then that’s called net profit.  Our largest overhead cost is payroll and benefits.
  6. Invest in automated software and systems.  To keep efficiency and productivity high, we invest heavily in software systems.  This includes a number of cloud based software platforms, databases, and a mixture of 3rd party software with our own.  The devil is in the details on software platforms.  Something as simple as making it so that warehouse workers do not have to touch the mouse can add significant improvements in productivity.
  7. Have a QA and test plan.  One of the reasons why we failed at TechTwice is because we did not fully understand what it would take to fully test our products.  We developed a 20 point testing checklist, but it was not sufficient.  And, in the end, this is one of the key reasons we shut down the business.
  8. Use multiple supply chains, and multiple sales channels, whenever possible.  When we first started the business, we had one supplier and one sales channel.  But, the most success we’ve had has been when we’ve been able to expand our supply chain through partners and relationships and also open multiple sales channels (some retail and some wholesale).  And vise versa, we’ve had our biggest struggles and pain points when we’ve been constrained to one supplier or one sales channel.
  9. Have fun!  If you don’t enjoy the recommerce business, then do something else!  It’s certainly not for everyone.
  10. Last, but not least, take care of your customers.  We obsess about our online feedback ratings and reviews.  Maintaining great customer relationships is absolutely critical to success.

 

6 Last-Minute Summer Vacation Ideas

Summer camping.

Find last-minute campsites by being flexible on dates and locations.

 

It may be July, but it’s not too late to book a great summer getaway! From camping to house trades to staycation tours and summer skiing, we’ve picked some of the best last-minute ways to enjoy summer, all while keeping costs in check. 

If you haven’t already, now is the time to sell your textbooks from last term. Not only will you have extra cash to enjoy your vacation, you won’t have to worry about trading in those books when the new school year starts.

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