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Topic: Is pbs market affecting trading?

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Subject: Is pbs market affecting trading?
Date Posted: 8/20/2010 12:19 PM ET
Member Since: 1/15/2008
Posts: 204
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I've noticed that my wishes granted have drastically reduced since the introduction of the bps market and am curious if this is widespread or an isolated case. The average book seems to be $2.09 + 1 credit (which I equate to $2.38 in postage) + a few bucks postage. My theory is that when members buy a book online, they tend to resell it online. In pbs' case, they might be reselling on ebay and using the funds to rebuy in the pbs market to create a better return on their investment, while avoiding long wishlist lines for recent releases. That's still good for pbs, but it hinders trading. This could be happening since wishes are more rare not just among me. The lines for pbs market books on my WL have barely moved which could mean they aren't being reposted. Any thoughts?
Date Posted: 8/20/2010 12:31 PM ET
Member Since: 10/26/2005
Posts: 1,053
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I haven't noticed a big change in the number of books coming to me.  I think with the summer, it's just that a lot of people have their accounts on hold right now due to family obligations, vacations, etc.  I believe it will start picking back up again now that school's starting back for most people.

Also, I don't believe that the savings (while good) from the PBS Market would be encouraging people to resell their books on eBay, Amazon, etc.  In my opinion, the $5-$10 I might save buying a book on here, does not make me want to deal with the hassle of trying to sell it online and hope to make money off of the deal.  Although, I suppose there may be some people out there who think like that.

Date Posted: 8/20/2010 12:31 PM ET
Member Since: 8/16/2007
Posts: 15,201
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I think it is actually helping some of the books on my Wish List. Some that were very rarely posted before, I now see moving after they showed up in the Market. My opinion is quite different than yours though, I think that people buying the slow moving books are reposting them since they know they don't get posted often.   There are many members who aren't looking to make money on the books and would rather swap for another one than monkey with selling the books online. I'd rather give them away than mess with selling.

2.09+1 credit @2.50 BB value +3.99 = 8.58 for one book. I don't see many books in there that someone could turn around and sell for that plus another round of postage to send it after it was sold. Most are remainders that one can walk into the brick-n-mortar stores and buy for less than $8.

I only buy in the Market if I can get at least 2 books to spread out the base shipping cost.

Date Posted: 8/20/2010 12:32 PM ET
Member Since: 6/3/2006
Posts: 106
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The PBS Market books are remainders, right? Soon after one of my wishlisted reference books was made available on the Market, I received a WL offer and got a like-new copy with a remainder mark on the bottom. I assumed that someone had ordered it from the Market and posted it back into the system.

As for your theory that those who buy books later sell them instead of posting them into the system, I disagree. I buy books frequently and always post them on PBS when I'm finished. Selling is too much of a hassle for me.

Date Posted: 8/20/2010 12:34 PM ET
Member Since: 2/17/2008
Posts: 6
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I haven't seen a reduction in my requests.  I have bought a few pbs market books because I didn't want to wait until they came up on my wishlist.  I then read them and posted them as they still had people wanting them.  Some of the books I have on my wishlist that are in the pbs market I haven't bought because the estimate of when I will get them isn't very long or I am not interested enough to spend the $2.09 + credit for the book since I have almost 300 books on my TBR pile already!  So it could be that people aren't buying the books from the pbs market and that's why the wishlists are still long.

Date Posted: 8/20/2010 12:49 PM ET
Member Since: 2/5/2007
Posts: 30,800
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I've had more wishes granted lately than usual.  Also more orders from my small shelf than usual.  I think it's the influx of a lot of new members.  Nope - nothing has slowed down around here because of the market.

Subject: ...
Date Posted: 8/20/2010 12:50 PM ET
Member Since: 1/15/2008
Posts: 204
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Kimberly mentioned that things slow down in the summer. I didn't think of that because I thought summertime would cause a demand for something to read at the beaches or camp grounds. But if this is just a seasonal issue then I am looking forward to the end of summer. Good point, Brenda. Who knows how the pbs market is actually doing? I went by what I read in the forums and how charitable we are in here with the market and pbs postage, but I keep forgetting that only a small percentage of members take part in pbs discussions.
Date Posted: 8/20/2010 12:55 PM ET
Member Since: 1/17/2009
Posts: 9,953
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I have seen a reduction in trading which I attribute to SUMMER. It seems to be similar to last summer. I believe that everything will pick up in the fall.

I have not seen a noticable reduction in Wish List offers. I get them at more or less the same pace as book orders ... when there are lots of book orders, I get more Wish List offers, too ...  right now as its summer, I am seeing less book orders and less Wish List offers, but I would hardly say it had dwindled to none. I just got one this morning. And before that, 3 days ago. And before that, maybe another 3 or 4 days.

I have not yet bought from the market because I have plenty of books to read .. I can wait for my WL to putter forward on its own. Anyway, I find  lot of WL books at my FOL sales, way cheaper than the market, so I find that patience pays off. When I really get the hankering to read a specific book, then I just buy it as cheaply as I can find it. But that doesn't affect my decision as to whether or not to post it. Books from the market with remainder marks are not particularly valuable to resell.

Date Posted: 8/20/2010 1:00 PM ET
Member Since: 2/26/2009
Posts: 36,276
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I don't buy from the market, have plenty to read and would rather use my credits to trade.

I don't think people would buy to resell because many books on ebay are sold for a penny-  how do you make money doing that?

Subject: how do you make money doing that?
Date Posted: 8/20/2010 1:22 PM ET
Member Since: 2/11/2007
Posts: 808
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$3.99 shipping charge - $2.38 media mail postage (plus negligible bulk envelope cost) is their margin (more or less).

Date Posted: 8/20/2010 1:53 PM ET
Member Since: 7/7/2007
Posts: 4,815
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I would say, if it is affecting trading, it is in a good way.  I've ordered some WL books from the Market that I was in a longggg line for, read the book right away and reposted it, so other folks are getting through their WL lines faster too.

A number of items on your WL, Mike, are from smaller publishers and/or in editions not often swapped (i.e. leather-bound), so that could be why you're noticing a slowdown in offers.  Nothing wrong with wishing for those books, but they just don't get posted as often as more mainstream publishers and formats do, as you no doubt know.

Date Posted: 8/20/2010 1:56 PM ET
Member Since: 1/17/2009
Posts: 9,953
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you are forgetting the site fees ... you have to pay ebay or amazon for your listing ... so the margin is not $3.99 - 2.38 ... its $3.99 - 2.38 - $? site fees - cost to obtain book.

I don't resell, so I don't know the exact fees, but my understanding is that you can only make about 20 cents or so off a penny book. (could be wrong about the exact number, but I know its not much)

Date Posted: 8/20/2010 2:18 PM ET
Member Since: 1/8/2009
Posts: 2,016
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Here's a link that explains how there is (a neglible amount of) money to be made by selling books on Amazon for a penny:

http://ezinearticles.com/?Why-Are-There-Penny-Books-on-Amazon?&id=2337148

Date Posted: 8/20/2010 3:02 PM ET
Member Since: 2/26/2009
Posts: 36,276
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But that article states $1.50 for shipping??

Doesn't seem worth the bother to sell if you are only going to break even.

Date Posted: 8/20/2010 3:19 PM ET
Member Since: 1/17/2009
Posts: 9,953
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Doesn't seem worth the bother to sell if you are only going to break even.

Yup, that's the point. Books on Paperback swap are NOT free to obtain, books from the PBS market are NOT free to obtain ... there would be almost no profit to reselling them. Unless you can somehow acquire from PBS rare and out of print books in enough quantity to make it worthwhile.

If you are a book reseller, there are way, way cheaper places to obtain books than PBS or the market. Buying or requesting them from here is not cost effective.

dp
Date Posted: 8/20/2010 5:23 PM ET
Member Since: 1/17/2010
Posts: 211
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Kat: Yes, books from PBS Market are remainders (help calls them "overstock", but I think that's the same thing).  However not all remainder books necessarily have remainder marks.  I haven't bought from the Market, but I frequently buy B&N bargain books both in store and online, and many of them have no remainder marks at all.

Date Posted: 8/20/2010 5:55 PM ET
Member Since: 10/23/2005
Posts: 7,719
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This is from the Pulse of PBS just now:

Books Mailed

  • Books Mailed All-Time: 8,895,787
  • Books Mailed in last 7 days: 63,806
  • Books Mailed Today: 7,351

Seems like the average is about 7 to 8 thousand books a day when I think to check here. And today's stats are within that range.

Date Posted: 8/20/2010 11:01 PM ET
Member Since: 12/28/2006
Posts: 14,177
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IMO PBS marketplace increases wl activity.  I had a couple books on sluggish wishlists, moving maybe one book every 4 to 6 months.  After becoming available at PBS Marketplace, these books moved at least 2 or 3 times faster.

Overall, summer has been rather quiet for wishlist fullfillment (for me anyway).  Until the last week or two, when things have noticably picked up...people must be cleaning and posting books as their children return to school!

Date Posted: 8/21/2010 12:29 AM ET
Member Since: 2/26/2009
Posts: 36,276
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people must be cleaning and posting books as their children return to school!

Probably- I noticed that there were more books than usual on the fol shelf this past week....

Date Posted: 8/21/2010 7:08 PM ET
Member Since: 10/6/2005
Posts: 10,718
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Yes, books from PBS Market are remainders (help calls them "overstock", but I think that's the same thing).

The difference is that remainder copies are copies that have been in a brick and mortar store and haven't sold. Overstock copies are copies that have never left the warehouse. The PBS Market has books of both types. I know because our bookstore gets its books from the same supplier - which is actually our parent company. I believe PBS Market books actually ship directly from the supplier's warehouse.