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Read the Fine Print
Back in the dark ages, college students had to buy textbooks often the newest editions , and had no option but to sell their used copies back to the university bookstore. To get around the system you had to hope that you could borrow the text from the library, or cross your fingers that an older edition worked just as well. These days, textbook rental companies have slashed the price of textbooks, and students can often find great deals on the textbooks they need. Renting a textbook through Amazon turns out to be a pretty easy process. The interface allows you to search by title, ISBN, or by category. Once you find the book you need, you simply check the price and add it to your rental cart. Rentals at Amazon are on a semester-long basis. Most student will be able to use the textbook through finals before initiating a return. Depending on when your semester ends, you may have just two to three days to get the book back to Amazon. For a fee, students can get a day extension on returning their textbooks. The fee varies based on the price of the book. Students with Amazon Student or Amazon Prime qualify for free two-day shipping on most rentals.
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This is a really important perk because textbooks are heavy to ship, and shipping can drive up the costs. Returning the books is free. In general, when you rent the book from Amazon, you must return it by the due date in the same condition you received it. Students who return a book within 30 days of renting it receive a full refund. To get the refund, you must process the return through the returns center, not the textbook rental center. Although the Amazon rental center has fairly standard fine print, one area may cause problems for students. Amazon does not guarantee that textbooks will come with supplemental materials such as CDs, online access codes, or other related items.
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There’s much consumer information here, but the article will also help bookstore professionals understand the calculus of online textbook rentals and aid them in being more competitive. To be fair, Apex Media isn’t Amazon’s only third-party rental provider. There are several. However, the basic terms of their rental contracts are mostly the same and the appearance of their terms is universal on Amazon. Some bookstores who use dynamic pricing may sell it for slightly less. Understanding the math of making money on this kind of rental from the business side and knowing what you need to avoid paying costly buyout fees are keys to benefiting from these low prices and understanding the textbook rental market. Those who don’t understand these things run the risk of being charged some extraordinary fees.
Who’s This Article For?
Some articles have YouTube videos embedded in them. Thank you for all your suggests and encouragement to start earning with Amazon. It has many full-color pictures, great descriptions and analyses of them. They have plenty of insights and crucial training programs to help new and old wholesale sellers: The Wholesale Formula. While several e-commerce companies like Ebay, Shopify, ClickFunnels, and Etsy can make selling products online easy, in my experience, the best way to make money online is with Amazon. The profit is quite impressive. Amazon is a huge opportunity for those who want to join the world of e-commerce. You can learn more about becoming an Amazon warehouse associate and apply on their jobs page: Amazon. Unfortunately, retail arbitrage is extremely competitive and difficult to scale.
Read the Fine Print
You can make money from Amazon while doing that! The institution won’t allow it. Chemistry: A Molecular Approach. There’s a problem loading this menu right. Statistics in general can be a formidable subject, but the author does well to keep the exercises relevant. Unfortunately, Amazon has limited the number of Merch products that sellers can carry at any given time to 50 designs. While it’s not clear whether there is a direct relationship between Amazon and Apex Media, if texthooks assume that Apex Media makimg its own company and attempting to make its own profit, the application of the buyout price may be a critical piece of their business model. Amazon associates pick, pack, store, and ship products for Amazon and its first- and third-party sellers. Institutionally-owned stores are traditionally risk-averse, so it’s almost impossible for them to offer competitive rental prices. Thanks for writing on the topic. I love the convenience of renting a book that I would never have use for. So there you have it. This article is amazing omg i learned a lot!
Fine Print Warning: You Might Not Rent Everything You Need?
There’s much consumer information here, but the article will also help bookstore professionals understand the calculus of online textbook rentals and aid them in being more competitive.
To be fair, Apex Media isn’t Amazon’s only third-party rental provider. There are. However, the basic terms of their rental contracts are mostly the same and the appearance of their terms is universal on Amazon.
Some bookstores who use dynamic pricing may sell it for slightly. Understanding the math of making money on this kind of rental from the business side and knowing what you need to avoid paying costly buyout fees are keys to benefiting from these low prices and understanding the textbook rental market.
Those who don’t understand these things run the risk of being charged some extraordinary fees. When renting textbooks from any online source, even Amazon, it’s critical that you read the fine print.
Rest assured that the late fees associated with late returns and non-returns factor into the prices Amazon and Apex Media are able to charge for their rental textbooks.
In fact, they have it built into their rental model that a certain percentage of customers will not return those textbooks and this likely factors into their decision to reject some textbooks as too heavily written in or damaged. Please do not ship the book to us once you have been charged the buyout price — that textbook is yours to. Does that seem a bit excessive to you?
While it is not uncommon for bookstores and rental companies to charge heavy fees for unreturned or late returned rental textbooks, Apex Media and Amazon are able to work this into their rental model because they’re an online company that’s not beholden to any University and rarely if ever has to deal with customers face-to-face.
When you write to complain after being charged this amount, they’ll simply email you back and tell you that you’ve violated the terms of your rental contract and there will be nothing you can do about it. If we determine that the book is no longer in acceptable rental condition when you return it, including because of excessive writing or highlighting, you will be charged the full purchase price, less any rental fees and extension fees you have already paid, and we will ship the book back to you to.
There is a critical piece of fine print in the gray box to the right that basically gives Amazon and Apex Media the right to reject almost any rental book that is returned on time and charge the buyout fee. While it’s not clear whether there is a direct relationship between Amazon and Apex Media, if we assume that Apex Media is its own company and attempting to make its own profit, the application of the buyout price may be a critical piece of their business model.
What’s known as «breakage» in most rental businesses is used as a pro forma, predictive factor in budgeting. In other words, a company factors in a certain number of unreturned rentals into their budget equation.
The secretive nature of the relationship between Apex Media and Amazon means that we’ll likely never know anything about this, but it’s not uncommon for a company to predict their breakage rate and then reject a certain number of returns as a result of their budgetary needs based on the vague factors explained to the right.
Does «excessive writing or highlighting» mean 10 pages or 20 pages? The fine print allows the company to basically reject any returned rental textbook for any writing whatsoever depending on their need to make money at the time. There are three main reasons that a brick-and-mortar store, or your local college bookstore, can’t compete with Amazon’s rental prices: the limit on breakage fees, the limit on the number of turns for each rental title, and the limits placed by the university or college if it’s institutionally owned or business on the amount of risk the store can accept.
Turn represents the number of times a business can expect to rent a particular title. On a title like the Kieso accounting book used in this example, it has an edition life of about two years. Apex Media can expect to turn their rental times, while the conventional college bookstore can only expect The automatically means that Apex Media can afford to charge about half of the rental price of a traditional store.
Factor in the high breakage fees charged by Apex Media, and that rental fee can get even lower. Finally, with a virtual guarantee on increased turns and a final sale of their book at the end of its rental cycle, the risk for Apex Media is considerably lower. Institutionally-owned stores are traditionally risk-averse, so it’s almost impossible for them to offer competitive rental prices.
The institution won’t allow it. Corporate owned stores are more risk-tolerant and have a wider network, so their turns are usually higher, but even they can’t charge those high non-return fees, so their rates are also going to be higher on average.
That means for every 10 books they sell, 1 doesn’t come. The company now has 9 books left. They’re going to have 1 book not come back either in the second rental or the. For argument’s sake, we’ll say it occurs. They’ve turned a profit! The bottom line is that it’s the consumer who is to blame when a rental textbook is returned late or not at all. The consumer is the one who knowingly and willingly enters into a contract with the rental company and agrees to the return dates.
When those dates are not met, there is nothing the customer can. While the rental prices Apex Media offers through Amazon are very attractive, there is a steep price to pay for those who don’t meet their deadlines or condition requirements.
Know what you’re getting into when you rent from Apex Media through Amazon. To comment on this article, you must sign in or sign up and post using a HubPages Network account. How can a running vehicle be worth less than a single textbook? My son has on occasion rented textbooks and has never had a problem. Just take reasonably good care of the book and return it on time. Another great option from Amazon is to rent the e-version of the textbook when available. Apex Media and Amazon offer great prices on their rental textbooks, so people who return their textbooks on time and in good condition are getting a great deal.
However, people need to know what the consequences are for violating their contract, like in any endeavor. This is even worse than when I was in school, much much worse. Thanks for writing on the topic. Other product and company names shown may be trademarks of their respective owners. HubPages and Hubbers authors may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and.
HubPages Inc, a part of Maven Inc. As a user in the EEA, your approval is needed on a few things. To provide a better website experience, owlcation. Please choose which areas of our service you consent to our doing so. Who’s This Article For? Read the Fine Print When renting textbooks from any online source, even Amazon, it’s critical that you read the fine print. What happens if you return the book in damaged condition?
What happens if you return the book with too much highlighting or writing in it? What happens if you ship it back Media Mail and it never gets there? What happens if you forget to return the book entirely? What happens if you are late? Did you read the fine print on Amazon’s site? What’s the Buyout Price? There’s no way a brick-and-mortar business could get away with. Can I highlight and write in my book? What happens if I highlight in my book too much? Who Defines What is Excessive?
The profit is quite impressive. All information sent by the company for the return of the book went to her junk mail. Every time the package ar Who’s to Blame? Questions must be on-topic, written with proper grammar usage, and understandable to a wide audience. Sign In Join. Connect with us. This website uses cookies As a user in the EEA, your approval is needed on a few things.
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Easy Money this Year Reselling Books on Amazon FBA [eFlip for Beginners]
The book was due back June She had asked her father, Anthony, to mail it for. But it slipped his mind while he was packing for a week-long trip. Business news and analysis sent straight to your inbox every Tuesday morning. When she called her father in a panic the next day, he told her not to worry.
Amazon Textbook Rental Basics
But company representatives refused to refund the money until they received the book. SanFilippo said he was told by Amazon that UPS ground shipping usually takes seven to 10 days and that his refund should appear two to three days after. On July 1, the SanFilippos received an email from Joseph saying that he had been unable to reach them by phone. Did I solve your problem? Amazon asked the SanFilippos to email photographic evidence the book had been shipped. But their emails to that address all bounced. That email address did not accept incoming messages, it said. SanFilippo then turned to his bank txetbooks dispute the charge, but had no luck. With Amazon refusing to acknowledge it was an error, SanFilippo started to wonder whether he had stumbled onto some sort of extortion-type scheme aimed at college students. He never got an explanation from Amazon. Textooks spokesperson requested anonymity. What if it was four, five, or six books.
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