Did you know, that according to the US Department of Education, there were 20.4 million students enrolled in US colleges & universities in 2017?
While there are countless differences among that group of 20 million people, there's one thing that virtually all of them have in common:
They use textbooks.
The problem for many students is that like the cost of tuition, the cost of new textbooks have skyrocketed in recent years.
If you've attended college yourself, then you know just how expensive textbooks can be.
In fact, CollegeBoard estimates that for the 2017 - 18 school year, the average student at a public 4 year university will spend about $1,250 on books & supplies alone.
No wonder so many students turn to used textbooks to save themselves hundreds of dollars each year.
Increased Demand = Golden Opportunity
Where do you think students stop first when they want to buy a used textbook online?
You guessed it - Amazon.
Sure, there are plenty of places to buy used textbooks, but the online retail giant stocks just about any textbook you can think of from Algebra to Zoology.
So we know that Amazon sells a ton of textbooks, but where do all these textbooks come from?
Amazon's Used Textbooks Come From Two Places:
1. Sellers like me and you
That's right - anybody with a used textbook to sell can jump on Amazon right now and look up their book, and list their book for sale. Since you're selling your own book, you can set the price to be whatever you want. (As you'll soon see, many sellers don't know what their book is REALLY worth).
2. Amazon's Trade-in Program
Amazon knows which textbooks have the most demand, and they are willing to pay you big bucks to trade in your used textbooks that are in high demand. By accepting trade-ins, Amazon is able to mark up the price and resell those textbooks for a profit.
So What's The "Golden Opportunity?"
One day I was browsing used textbooks on Amazon and I saw something that caused me to double take. Let's see if you notice anything strange about this picture: