I'm pretty sure that if you have thousands of common stamps, and you want to realize as much money as possible selling them, hinging them into a Scott International (in the proper spaces, don't do the thousands of Franco stamps thing) and selling on eBay
as an album collection gives the highest realization by far. That's why people do this.
It isn't a good return per hour of work if you start with an empty book, of course, but if you start with an album with a couple thousand (the kind of thing often found in $100-$200 box lots mostly full of detritus) it isn't bad. Certainly if you enjoy putting stamps in the album it can be worth doing.
If you watch the collections category on eBay
regularly, a Scott International Volume I with only 4,000-5,000 can sell as high as 6 cents per stamp and routinely sells for around 4 cents per stamp. I'd take pictures of the insides myself, but apparently even not doing that works often enough that sellers keep doing it.
Scott blue Int'ls tend to do the best, even if the binder is beat up, but Minkus Supreme/Master Globals and big thick Harris Citations can do very well too. Actually good
albums (specialty albums, hingeless albums, etc.) don't do better, or don't do better enough to justify using them.