Friday, October 21, 2011

Consignments

What to do when you have a book that you want to sell, a buyer wants it but cannot afford the cash outlay to purchase it? The answer is CONSIGNMENT. When offering a book for consignment you first must inquire as to the fees the seller will charge. Remember, the seller is the one who is doing the labor. This includes grading the book, writing a fair description and setting a fair price based on prevailing market conditions, storing the book until it is sold, and packaging and shipping it when it is sold. If the book does not sell within a given time frame (6 months or a year) the seller must then pay to ship the book back to the consigner. A seller cannot afford to keep a consigned book for indefinate periods of time nor to only deduct costs from a sale. At oldguysbooks my consignment rate is usually 40% or 50% of the sale price after any listing fees and other expenses not covered in "postage and handling" are factored in.

If you are interested in selling books on consignment through oldguysbooks please send me an email to: oduvall@yahoo.com telling me what you wish to sell, its general condition, and how much you are hoping to get for it. I will then reply expressing my interest and beging the negotiations.

Many sellers will not offer consignments because of the increased record keeping. Oldguysbooks will accept books on consignment. Just ask for more details.

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