How Hard to Start a Textbook Exchange Business?

[BlamoHammer]

I was thinking about the exorbitant costs that colleges charge for textbooks and then paltry sums they offer you to buy it back and came to the conclusion that they are of course making a killing doing this--why couldn't I do the same? It seems that it wouldn't be too complicated to set up flyers around school advertising to buy back books for above bookstore prices and that alone should merit some interest. Offer to pay 15% over what they are quote from the bookstore and when the new semester rolls around switch into selling mode and offer to sell the books for 15% under what the bookstores sell them for. This past semester the bookstore price for my books would have been $350, if someone had offered me to save $50 I would have jumped on it. Lets say those same books can be sold back to the bookstore for $175--50% of what you paid. Again, for $25 more, I would gladly sell my books to some guy and call it a day. That transaction alone is about $100 profit. These facts and figures are of course pulled out of thin air and I would have to do much more research on the matter in order to really judge how much money is there but it seems like a goldmine. Is there anything I'm missing here?

 

[BlamoHammer]

bump for the am peeps