College
textbooks are expensive. Everyone knows that. But
not everyone can tell you why they are expensive. The campus bookstore
is easy to blame, because that's who gets your money. College bookstores
typically make a 20% or 25% profit on new college textbooks, which
is not actually that high a profit margin for a retail business
(by comparison an apparel retailer might make a 50% or more profit
on selling clothes). Most of the college bookstore's profit
comes from used textbooks and other merchandise, including
clothes, gifts, etc.
Nevertheless, you can see that a large part of
the high retail price translates directly into publisher profits.
It's no secret that book publishing is a profitable business, and
the college textbooks industry is no different. What can you do?
Well, the obvious thing is to buy used college textbooks.
The best thing to do is to buy used textbooks when you can.
Besides the fact that used textbooks are cheaper, by buying
used textbooks you're essentially refusing to support the publisher's
high profits on new college textbooks. The publishers hate the used
textbooks market more than anyone, because they only make money
on new textbooks. When you buy used textbooks, the profits go mostly
to the bookstore you buy from. By buying used, you are reducing
the demand for new college textbooks and in the long run this
might serve to bring down the price of new college textbooks.
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