First Editions - Setting up and running a small postal book business
First editions for your own collection are always hard to find.
But if, like me, you are a keen book collector, you may sometimes
have seen a book at a bargain price which you know is of value
to other collectors. You may not have bought it because you
already have a copy, or perhaps it is not within your
particular field of interest. When you are looking for books
for your own collection, however, they can often prove very
elusive, and sometimes expensive to purchase.
This article is aimed chiefly at collectors who are now using
their knowledge of collectable books to finance their hobby.
It should also be of interest to collectors who can find out
what to expect when buying books by post, and may contain
some ideas of benefit to established postal booksellers.
One of the attractions of setting up a small postal book
business is that the initial cost is very small. Most postal
concerns are run from home, and there is little equipment
necessary to get started. Ideally, you should have a room
set aside with plenty of shelf space (although there will
probably never be quite enough), and a desk or table on
which parcels can be prepared. But a corner of a room will
do initially, and this can be quite adequate for a small
concern.
As soon as the business is selling a reasonable number of
books, it will become obvious that a heavy duty sellotape
or parcel tape dispenser is a great advantage, as it will
save time in wrapping parcels. The only other requirements
are two cash books where the Sales and Expenses can be
recorded. These two books will enable you to keep a
monthly record of profit and loss. They should also
contain all the information necessary to complete your
tax return in the event that the business shows a profit.
For further details regarding your tax returns, you
should consult one of the many guides published for
small businesses.
The Sales book should contain details of all books sold,
the customer's name and address, the date of the transaction,
and the selling price. This will be of great value after a
few months, as it gives a record of whether regular customers
have already purchased items from you. It will also detail
the price you can expect to obtain for duplicate copies of
items which you have already sold. The Expenses book should
contain details of all the expenses incurred such as postage,
advertising, stationery, printing and, of course, the
purchase of books for resale. For tax purposes you should
obtain and keep receipts for all major expenses.
Here we reach the chief problem for the postal bookseller:
how to buy books cheaply enough to be able to resell them
at a profit. Another article on this site contains details
of how this can be done, by highlighting various fields of
interest for collectors, and where to go to buy books at
reasonable prices.
Assuming that you have some books to sell, however, the
next step is finding someone who wants to buy them. This
will involve you in placing your initial advertisement, either
in one of the magazines which publish book lists, in your own
printed catalogue, or on a site such as this one on the
internet.
The advantages of advertising on the internet are obvious;
you have a much larger potential readership, who can search
electronically for items of interest, and it is generally
much cheaper than other forms of advertising.
Wherever you advertise, make sure your advertisement is
either written very clearly, or preferably typewritten,
to avoid errors. This is in your own interest, as any error
in your address or telephone number, or indeed in the
descriptions or prices of books for sale, is likely to
lead to unhappy customers.
When advertising your books for sale, you must include your
name and address (preferably including the post code). You
should also include your telephone number, as many collectors
like to ring initially to see if items are still available. If
you definitely do NOT want phone calls, you should state
this clearly at the top of your listing. You should also
make your terms of business. This must include whether items
are 'post free' or 'post extra', as this can make a considerable
difference to the price paid by the customer. You should also
state whether you require 'cheque with order' (CWO), i.e. a
cheque or postal order must be sent with your order, or 'cheque
on receipt' (COR), i.e. you are prepared to send the book before
receiving payment. This is largely a matter of personal
preference - I have experienced no difficulties in buying or
selling books using either method - but it should be clear from
your advertisement exactly what you require.
It is important, too, to make it clear whether you are prepared
to reserve books over the phone. One warning here: if you do
reserve a book for a customer, be sure to take their name and
address, or telephone number, as some collectors forget that
they have reserved books. For the same reason, it is worth
taking the details of any other customer who rings in case the
sale falls through. In any event, it is reasonable that you
should only reserve a book for seven days for any customer
before offering it to another.
The sales listing itself is best presented by allocating a
line to each item. For magazine advertisements, arrange the
items in alphabetical order if possible, for example by the
author's surname for fiction, or by the actual name
for annuals (from Avengers to Z Cars, for example). This also
makes the list easier to read and increases the possibility
of an item catching the eye of a collector. An internet site
such as this one arranges items in alphabetical order anyway
when they are found on a search.
It is also a good idea to break down your list into separate
headings such as 'Childrens Books', Non-fiction',
'Antiquarian', etc., if a variety of books is being offered
for sale. This is useful on an internet site such as this
one, which uses these headings as 'categories' which can be
searched by collectors.
The description of each item for sale should contain all
the relevant information needed by a potential customer.
This will be the title of the book, the author (if given),
the date of publication (if given), and whether or not a
dustwrapper is present (if applicable). It should also
list all the faults of a book, and finally a general
rating of the book based on the standard descriptions
given elsewhere on this site. Wherever possible, use the
standard abbreviations given on this site for describing
the book, as they are universally understood and save
space in the advertisement.
The price required should also be specified. Some advertisers
ask for offers on items, but I feel this sometimes puts
collectors off, and try to avoid the practice if possible.
Pricing items for sale is sometimes difficult. This subject
is covered in another article on this site.
In the case of non-fiction books, the title is usually more
significant than the author, so it is probably best to put
this at the start of the entry. For non-fiction books, too, it is
helpful to subdivide an advertisement into sections of
books about different subjects. For fiction, the author is
almost always the major selling point, so to help when
searching an alphabetical list, the author's surname should
begin the entry.
Determining the date of publication of a book can sometimes
be a problem. Most fiction and non-fiction titles have a
copyright date given either in the preliminary pages of the
book, or very occasionally on the last page. Alternatively,
a initial publication line or a 'Reprinted' line is given with the
date. If no date at all is given, you may need to consult
a detailed bibliography to determine when the book was
published, or alternatively put a 'nd' (no date) entry in
the description of the book. In the latter case, a potential
customer may have more specialist knowledge of the
publishing history of the title than you have. Thus he may
be able to tell from your description of it when it was
published, and if he is interested in it.
In the case of annuals, there is often some confusion about
the year of publication. For example, the 1979 'Doctor Who'
annual (with 1979 on the cover and spine) was actually
published in 1978. It has the words 'copyright 1978'
printed on the opening page, with the date in Roman numerals.
When a cover date is given, it is best to use it in the
title of the annual, e.g. 'Doctor Who 1979'. If not, put
the copyright date in brackets after the title, 'Doctor
Who' (1966). If no date is given at all, as is often the
case, the best solution is to give the opening story in the
annual as part of the description, e.g. 'Bobby Bear'
annual ('Bobby the Robot Boy'). One final point when
dating books - learn Roman numerals. They are very common
in copyright dating, and only take minutes to learn!
In general, the absence or presence of a dustwrapper is
of great importance to a collector, and consequently to
the value of a book. Therefore it must be described
properly in an advertisement. The presence of a dust-wrapper
should be indicated by the letters 'd/w'. Alternatively,
books can be listed under headings of 'with dust-wrapper'
and 'without dust-wrapper'. If no dust-wrapper is mentioned,
it will be assumed that one is not present.
Note that dust-wrappers are crucially important to value, particularly
of first editions.
If a dust-wrapper is present but not described, it should
be in the same condition as the book. Otherwise, the
dust-wrapper should be described separately. The
descriptions should be based on those given elsewhere
on this site, with any major faults such as serious
tears or missing pieces (chips) noted separately.
In any advertisement it is essential that all the faults
of a book are listed. These faults include inscriptions,
torn or missing pages, and worn or marked covers. Some
book-sellers neglect to mention defects which they call
'minor faults'. But it is really up to the collector to
decide what he considers to be a 'minor' fault. So, if
in any doubt, note any defect. This is also in your
interest, as collectors certainly will not buy material
from you in the future if they think you have sold them
items that have not been accurately described.
One standard that all book-sellers should maintain is a
money back guarantee if customers are dissatisfied. A
refund should include the cost of any postage incurred
by the customer. A refund should be offered whenever
the customer has cause to complain - conditional, of
course on the item being returned. Situations like this
usually arise through misunderstandings and, in my
experience, are very rarely due to a seller deliberately
trying to mislead a client.
If you think a customer is being unreasonable, you
should refund his money, but you may well be advised
not to deal with him again.
'I'd as soon write free verse as play tennis with the net down' - Robert Frost
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