Money

How One Woman Makes $1,200 a Month Selling Old Books Online — And You Can, Too!

Lori Schafer has turned her love of reading into an easy way to bring in cash. Read on to learn her secrets for selling old books — they’ll work for you too!

“Books are a big part of my life: I’m an avid reader and I love nonfiction, classics and even young adult books. When I had a health problem a few years ago and I couldn’t work, I decided to sell all the books I had lying around on eBay so I could make money.

“I signed up for a premium store account, which costs $60 a month and allows me to post 1,000 listings a month for free. I sell the books I read, but I also buy books at library book sales. I have a list of authors and books that I’ve already sold, so I always try to look for those. I also check eBay to see which books generate the most profit.

“To create a listing, you enter the book’s ISBN (above the bar code), which pre-fills the description and adds a stock photo, but I like to include my own descriptions and photos. Once I ship the items, eBay takes a 10 percent cut, and PayPal, the service I use to get paid, charges 2.9 percent plus 30 cents per transaction.

“After I ship the books, my customers leave feedback. Books can actually take months to sell, so something I list in November may not sell until June. Since I’ve been selling books for six years, I have a high positive feedback rating.

“Selling books is great because it keeps me active, and it’s a flexible way to make money. I earn $800 to $1,200 a month, which pays the bills and allows me to finish writing my own book!”

This article originally appeared in our print magazine.

Keep scrolling, there's more!
148828
Use left and right arrow keys to navigate between menu items. Use right arrow key to move into submenus. Use escape to exit the menu. Use up and down arrow keys to explore. Use left arrow key to move back to the parent list.