Directtextbook.com introduces textbook buyback price comparison 03/27/06
Textbooks Costs Are on the Rise, While Some Students Save 90% 08/25/05
Direct Textbook
2005 Back to School Sweepstakes 08/23/05
Please direct all press inquiries to:
Email: press@directtextbook.com
Combining over 30 sources of online textbook pricing and availability Direct
Textbooks, Inc provides students a consolidated textbook buying information
source. Direct Textbook served textbook price comparisons to approximately 500,000
students in 2004 and expects that number to grow to 1 million in 2005 fall back
to school season.
Searching Direct Textbook buyback price comparison results is the best way to make sure you are getting the highest price for your book. Following are some tips to ensure a smooth transaction.
Make sure you are aware in advance of any fees associated with selling your book online. Some sites, like eBay, charge a small percentage of the sale or a flat rate fee for listing the book. Know who is responsible for paying the shipping charges. Certain sites offer free shipping labels that you print out, others charge for them. Remember the sale price is the total price.
If you choose an auction style sale, ensure you are giving shoppers adequate information to make a purchase. Always include the isbn number of the book in your ad so buyers can verify they are purchasing the correct book. The ISBN can be located above the barcode on the spine or back cover.
Get a fair price by checking the used price of the ISBN your are selling at the campus bookstore. This should give you a general idea of what the item's price point should be. Put the book for sale as soon as you finish finals. Don't wait for the next term to start. This gives you the maximum time to acquire the highest price.
Use a shipping method with a tracking number. This ensures the book is delivered and gives you recourse if the customer says otherwise. Also offer both a priority shipping method and a low cost shipping method when listing your textbook to attract the most potential buyers.
Ship your book within 2 days of making the sale. Good follow up is key for selling your textbooks online. The better follow up, the more people that will want to buy your books, and the higher the price those books will generate.
Keep any sales auctions short. Most students that are buying online do not have time to wait a week for an auction to close and another week for the book to arrive. 3-day auctions allow quicker sales and you can always set a higher buy-it-now price for those in a hurry.
Students should know who they are buying from. Purchasing textbooks
online can be very confusing. Always check if you are buying directly from
the company or from an individual selling through a marketplace. Always print
receipts and checkout statements and if possible the companies contact information
at the time of checkout. Identifying where and who you bought from after the
fact can be a difficult process.
Students should purchase with a Visa or Mastercard not tied to a personal
checking or savings account. Recovering money taken from a personal checking
or savings account through fraud can take weeks. You may not have access to
the funds that were fraudulently taken. Using a VISA or MasterCard that is
not tied to a personal account eliminates this liability.
Students should check the vendors return policy: Once you know who
you are buying from check the companies or individuals return policy. Companies
have different return policies some are very restrictive. Direct Textbook
http://www.directtextbook.com provides links to the return policies of the
textbook stores we list.
Students can save the most money purchasing used textbooks online:
Buying used books online can saves a student 20% to 90%. Buying new textbooks
online typically saves a student 10% to 20%. Using the GAO reported bookstore
margins you can see your expected cost at the bookstore when you search for
a book at http://www.directtextbook.com
Students should expect 7-10 business days for arrival. If you buy
a book using USPS(United States Postal Service allow 7-10 business days. Most
shipments will arrive sooner. Consider using expedited shipping through FedEx
or UPS to ensure ontime delivery. Shipping or delivery time is not the same
as the arrival time. Most online bookstores have a 2 to 3 day delay before
your order is shipped and most do not ship on Saturday or Sunday.
Google News Textbooks
Government Office of Accountability (GAO)
COLLEGE TEXTBOOKS Enhanced
Offerings Appear to Drive Recent Price Increases
PIRG Public Interest Research Group
www.maketextbooksaffordable.org
Website operated by PIRG
Affordable
Textbooks for the 21st Century: A Guide to Establishing Textbook Rental Services
GAO
Report Finds Textbook Prices Skyrocketing
Fact
Sheet on Thomson Learning's Calculus: Early Transcendentals, Ed. 5
Fact
Sheet on Thomson Learning's Physics for Scientists and Engineers, Ed. 4
Rip-off
101: Second Edition How the Publishing Industry's Practices Needlessly Drive
Up Textbook Costs
NACS National Association of College Stores
FAQ on
Textbooks (PDF)
FAQ on Bundles
(PDF)
FAQ on
Used Books (PDF)
FAQ on Textbook
Rental Programs (PDF)
FAQ on College
Textbooks
Bookstore E-Mails
Unlikely to Influence Students
Where
the New Textbook Dollar Goes
From different articles, conferences and industry experience we have assembled
this list of statistics related to the textbook industry. A link or reference
to each cited source is provided.
How much does the average college bookstore make a on a new book after
expenses are paid?
After the store expenses have been paid, a college store can expect to
make about 4.9 cents for every dollar it spends
Source NACS Where
the NEW textbook dollar goes
College textbooks prices are rising but how much in relation to inflation?
College textbook prices have risen at double the rate of inflation
Source GAO REPORT: COLLEGE
TEXTBOOKS Enhanced Offerings Appear to Drive Recent Price Increases
How big is the used textbook market?
Used textbook represent about 25-30% of the entire textbook market
Source GAO REPORT: COLLEGE
TEXTBOOKS Enhanced Offerings Appear to Drive Recent Price Increases
How much will the first time, full time student spend on books and supplies
in their first year?
First-time, full-time students at four-year private colleges spent about
$850 for books and supplies in their first year. 8
Source GAO REPORT: COLLEGE
TEXTBOOKS Enhanced Offerings Appear to Drive Recent Price Increases
How often do publishers revise textbooks and is that rate changing?
Publishers now revise textbooks on average every 3 to 4 years as opposed
to 10 to 20 years ago when the cycle was 4 to 5 years
Source GAO REPORT: COLLEGE
TEXTBOOKS Enhanced Offerings Appear to Drive Recent Price Increases
How much can a student typically expect to get when selling back a used
textbook?
Typical used textbooks Buy Back prices range from 0% to 40% off retail
Source: Industry experience
In dollars, what is the total size of the used textbooks market?
The used textbook market was estimated at 1.7 billion dollars in 2003-2004
school year
Source NACS Faq
on Used Textbooks
College Bookstores often outsource management. Which companies have the
largest foothold in this market?
Barnes and Noble and Efollet manage approximately 74% of the college bookstores
Source: NACS
How many students order textbooks online?
Approximately 16% of students order textbooks online.
Source: NACS
How many students order textbooks online from sources not related to their
campus bookstore?
31% of those students reported that in addition to buying from online
sources that had no affiliation with their school, they also bought textbooks
from the web site of their local college
Source NACS Faq
on Used Textbooks
What is the average gross margin on a new textbook?
Average gross margin on new textbooks is currently 22.5%
Source NACS Faq
on Used Textbooks
What is the average gross margin on used textbooks?
Avergae used textbook gross margin is 34.9%
Source NACS Faq
on Used Textbooks
How many college bookstores offer online ordering?
93% of college bookstores have a web presence 68% of those sites allow
online ordering
What is the average price of a used textbook?
The average price of a used textbook is $40.01
Source NACS Faq
on Used Textbooks
How do textbook costs in the US stack up against prices in the UK?
The average textbook surveyed costs 20 percent more in the United
States than it does in the United Kingdom.
Source PIRG RIP OFF 101
How do professors in the UK assign textbooks to students?
Instructors in the United Kingdom are more likely to recommend several
textbooks for students to consider, rather than requiring a specific textbook.
Source PIRG RIP OFF 101
What is the average price of a new textbook?
The average price of a new textbook is $52.36
Source NACS Faq
on Used Textbooks
Please direct all press inquiries to:
Email: press@directtextbook.com
|