As the academic year comes to a conclusion you realize that you're tied down with textbooks you do not need anymore. What's a student with no money to do? Well, of course there's textbook buyback. You can sell your textbooks back to the bookstores for only a part of what you shelled out money for it, and as a business suppose to do resell the books back to students the following year. This system allows students to quickly and easily deal with their old textbooks in exchange for a little bit of money. By the end of each academic quarter or semester, campus bookstores will volunteer to buy the books back for a piece of the original price. However, this option is only available for a limited time during the year. What's someone to do if they have textbooks they need to get rid of and it’s not the buyback season? Fortunately online textbook stores provides a convenient solution, they will buy books at any time of the year. These websites will give you an offer for your books whenever you are ready to sell them, which mean there is no obligation to get rid of your textbooks at the first offer you get. This is perfect for those who want to enjoy their textbooks even after the final exam. It's also a quick way to make some money by getting rid of something that's only taking up space and not getting any use anyway. While campus bookstores may seem to be the obvious option to buy books from, their prices are typically higher, and you're unlikely to get the best deals.
Textbook buyback is probably the best choice college students can make. They sell their books to bookstores, and the incoming students reap the benefits of discounted books. Students get to earn a bit of cash for books next semester and allow incoming students to find books for a cheaper price. Money is saved for all parties, and buyback also supports businesses like used bookstores. Everyone's a winner.
Online buyback websites offers an easy way of getting money back for textbooks student do not need anymore. Students not only get the luxury of selling their old books back but find cheaper books for the next school year. However, textbook prices are not controlled by the laws of supply and demand, so prices can be and stay high. They operate on what is considered a “broken market”. Students do not get to choose which product to buy, and professors do not have to buy the books they require, which makes price a non-deciding factor. Professors dictate which books students need and students in turn have no choice but to get the book.
After learning the benefits, the question now is how does an online textbook store work? Actually it is very simple even people with no technical background can do it. Enter the ISBN of your book into the website to get a quote. That's how much the company is willing to pay you for your books. If it's a price you can accept, package your books and mail them to the company. The last step is profit. You'll be receiving payment for your books a few days after they are shipped, it is just that simple. Buying books online is even easier. All you have to do is find the book you want either by title or ISBN at a lower price and receive it a few days later. For college students who are living on a budget, this is a smart way to save money.
There are a few factors in the textbook industry that creates competition for it’s market. At the most basic level students can sell their books to other students who they know will or are taking the next class. Books and money can easily and conveniently be exchanged. The emerge of digital textbooks and the conveniences of them also took a bite out of the industry. There's nothing to sell or buy back if the books are digital. Keeping in mind that our society as a whole is advancing towards digital, publishers also have taken note and started to focus on the ebook portion of their business. Of course, students find the concept of digital attractive; instead of lugging around a bunch of heavy books, they have everything they need on a tablet or computer.
The open source movement, while great in terms of technology, it is not doing wonders for the textbook industry and for the businesses in it. The concept behind this is to spread intellectual property and make it available to everyone. Users are allowed to share the knowledge freely or change the content as they please. They are usually found under public domains and/or licensed in a way that allows for free use. To students, this means that sometimes they don't even have to pay for textbooks. They can find it for free on the internet in a legal way, and what beats both legal and free? Students are allowed to create copies and distribute these books as it pleases them. Open source textbooks are open and free to students, which is great for them, but not so much for booksellers. Why would anyone pay for something that you can get for free? This movement is gaining momentum, which spells for a dimmer future for booksellers all around.
Despite what copyright holders claim, selling your old books does not infringe on any copyright laws. Thanks to the First Sale Doctrine, once you have legally purchased a copy of a book, you are the master owner of that physical copy. The "first sale" portion refers to the fact that the copyright owner maintains rights over the specific copy of work until it is first sold. Anything you could possibly want to do to the copy, you can within reason. Of course, none of the intellectual property within the book is yours to do with as you wish, but the copy you have at your hand is fair game. Some publishing houses try to use the Digital Millennium Copyright Act as justification for banning the selling of second-hand books, however selling does not infringe on any rights, so there is nothing to worry about when it comes to selling. In Kirtsaeng v. John Wiley & Sons, Inc., the Supreme Court ruled that the First Sale Doctrine even applied to materials lawfully made abroad. It is definitely legal for a person to buy textbooks abroad for the purpose of selling in the United States. Such practices still fall under a lawful interpretation of the doctrine.
The textbook buyback industry is undergoing rapid change, greatly due to the creation of the digital aspect of the business. The rise of digital textbooks and the open source movement has hurt the used textbook field. However it is still a practical way for students to get rid of their old-fashioned textbooks and non-open source books in exchange for some extra cash.