How much time and effort is $2.00 worth?

We sorted a bunch of books and had a box to get rid of. I figured I could sell them and make a little bit of money. I had two goals for this little project:

  1. Make money
  2. Not create another big project that was just going to be added to the list and never get done.

I figured I could make some money by selling the books directly to buyers on ebay or amazon, but managing that was more effort than I was willing to make.

I ran across, which lets you find companies willing to buy your books directly for resale. That is what I wanted, send all the books to one place, get money back.

So I scanned the first book. No one was buying that book right now. It took about 5 books before I found one that somebody was buying, for something like $0.05. I picked a few books that seeme most likely to have buyers and made it to a grand total of $1.50 in offers. I decided to abandon the project. It was not worth the time and effort it was going to take.

Two takeaways:

  1. The sunk cost fallacy is real. It is really tempting to keep doing something simply because you don’t want to waste the time and effort you have already put into it.
  2. Choices may have cost. I might be able to sell the box of books for 15 or 20 dollars if I put a lot of time and effort into it, but it would be a distraction from more important things. $20 would be nice, but not at the expense of giving up other more important things.

But what about I am not trying to diminish the product they have built. If anything it served it’s purpose perfectly. It let me get offers on my books from multiple sources quickly and make an informed choice about where to sell them. My choice just happened to be not to sell them. If you want a box of books let me know, just come get them.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s