Recently I decided to sell my old text books. I had too many of them and wanted to declutter the house a little bit as well as freeing up some extra cash.

Rather than going the traditional online selling route (using eBay as the magic place to sell items) I decided to niche down. A friend recommended I check out www.textbookexchange.com.au for selling my books.

I listed them about half way through the first semester this year realising that nothing much would happen until the start of the next semester. At the end of the second week of semester (when most of the demand had died off) my results were as follows:

1. Fundamentals of Business Law textbook sold for $55.
2. Corporate Innovation and Entrepreneurship textbook sold for $55.
3. Managing Technology and Innovation textbook sold for $60.
4. Commercial law textbook sold for $60.
5. Second commercial law textbook sold for $40.

Total Sales= $270

Not a bad little experiment. For less than eight hours of my time I made more money than most people do working for eight hours. Most people might see this as a loss given that I paid for the textbooks. I see it as a profit because I had to buy them anyway and my likelihood of selling them after use is normally 0.

All those of you who are students and have old textbooks, consider listing them on textbookexchance.com.au for the next semester.

Regards,

Josh Moore

P.S. Another little website that I am looking at experimenting with is Rentoid. Rentoid allows you to rent your stuff online through their website (kind of like eBay for renters). This was founded by my mate Steve Sammartino. I wrote a little ebook for him which you can find here.