There are different ways buyback can be handled, depending on the college store’s goals. End-of-term events, cashless, online or daily are options that are available to stores. Today, we are going to look at how to set up a daily buyback and the benefits of choosing this method.
How does a daily buy work in college stores?
A daily buy is simply college stores offering buyback services throughout the term. If a student wants to sell back a book, they can come into the store anytime and the store will use the buyback database available to them to purchase the book.
The store then sends the wholesale buyback books back to the wholesaler in a guide shipment (usually once a month) and is reimbursed for the books plus any commission they earn. Some stores offer this service during store hours and other stores may offer limited buyback hours each day to coincide with staffing levels.
What are the benefits of a daily buy?
The main benefit is great student customer service. Add-on services like this are something college stores can easily do to stand out from other retailers, showing your commitment to student convenience. It gives students a simple option to sell back materials throughout the term at a time that is most convenient for them.
How can MBS help with a daily buy?
First, if you are interested in setting up a daily buy, speak to your MBS Field Marketing Territory Manager about the best practices for setting this up in your store.
Here are some of the general ways MBS helps streamline your daily buy:
- We offer a buyback database that is updated monthly
- Updates are made on published dates so you always know when the guide prices could change
- MBS reimburses for the cost to ship guide shipments to us
- If you have a large shipment, simply contact your rep
- You can send in buyback shipments at any time
- MBS provides free materials to advertise your daily buy, so students are aware the service is available through the campus store
If you are interested in exploring this option further, please contact your MBS Field Marketing Territory Manager. If you would like to read about some of the other buyback options and tools, check out the links below.