July 28th, 2007
It appears more and more people are adopting the Internet as their primary method for acquiring books. “Publishers Weekly” has reported: “Bookstore sales continued their perfect record in 2007 in May, falling for the fifth consecutive month. According to the U.S. Census Bureau, sales in May were down 4.3%, to $1.10 billion, and were off by the same percentage for the first five months of the year. Bookstore sales totaled $6.20 billion in the January through May period. For the entire retail segment, sales were up 5.6% in May and were ahead 4.1% for the first five months of 2007.”
Michael S. Hyatt of Thomas Nelson Publishers has an excellent article covering some of the impact factors affecting brick and mortar bookstore sales, including online booksellers.
Click here to read his blog post
July 27th, 2007
The state of Tennessee passed a law this spring that requires the University of Tennessee and the Tennessee Board of Regents to find ways to minimize the cost of textbooks and course materials according to “The Leaf Chronicle”.
If you offer used or discount textbooks - now is the time to contact these two organizations and propose your textbook stock and pricing structures in order to capitalize on this recent decision.
To read the full story from “The Leaf Chronicle”, click here
Click here for the University of Tennessee’s website
July 26th, 2007
AuctionBytes has gone through and confirmed that PayPal will indeed be raising their prices on September 1, 2007. From their latest article on the subject:
“Users of PayPal’s Website Payments Pro and Virtual Terminal received an email on Thursday informing them that fees were increasing effective September 1, 2007. There’s been no announcement on the PayPal or eBay Website. Sellers use the services for processing payments for orders made through their websites and to process phone orders.”
While PayPal is still a viable billing solution, this latest fee hike may be worth investigating to see if there are more profitable options available.
Read the complete AuctionBytes story here
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