Does this website sound like a good business venture?
Ok, the idea is like ebay but a bit different.
It would be website where you can come to trade books with people from all over. See people that join would be able to get all kinds of books for relatively small amounts of money.
There would be a section in which you can trade books with the website’s company directly. The way it would work is you trade books or dollars (through paypal or something like that) for credits on the website. Once you have enough credits you can purchase the book you want.
On the otherside you could communicate directly with other members and trade directly for thier books. Just paying a small fee for the processing
By issuing my own e-currency I can make the credits to dollar ratio to benefit my business while still keeping the customer’s expenses to obtain a new book quite low.
The best part of this is the books would all be used. I was also thinking that the same idea could work for comic books too.
What do you think?
Also don’t forget the ad space that can also help generate revenue
Tagged with: ad space • comic books • currency • ebay • money • otherside • paypal • thier books
Filed under: Website Business
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Ok, either hike your prices up for that business model… or switch the site to handle only e-books… so that you eliminate those costs altogether… ; )
E-currency for e-books!
Consider the cost of shipping books back and forth and consider the services of a place called library and you’ll see that your idea needs a little bit of fine tuning. If it costs $3 to ship a book to a customer and then $3 to get back from the customer, that’s $6 in shipping costs for a used book. It doesn’t sound like there’s alot of profit potential there.
I don’t think many people would use it :/ because we have ebay for dirt cheap used books/cds/videos/dvds etc why not use the one place for the lot….
but thats just my opinion you never really know
I’m sceptical it would work. However, no harm giving it a try and cut your losses (if any) say 1 year down the road.