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Half price books has solved this in a rather ingenious way: they just sell the book for half of what the MSRP is on the cover. No need to tag anything, decent m
by SOLAR_FIELDS 7y ago
Half price books has solved this in a rather ingenious way: they just sell the book for half of what the MSRP is on the cover. No need to tag anything, decent markup, and the price data is already there/doesn’t need to be created. It’s little efficiencies like this that make HPB one of the most successful brick and mortar bookstores out there.
- omnimus 7y agoSelling books for half does not sound lik "decent" markup lol.
- SOLAR_FIELDS 7y agoConsidering they buy the books from people for something like 10% of the MSRP, it is definitely a decent markup for them.
- aasasd 7y agoSounds more like the markup in MSRP is something like 500%. Which is not unexpected in retail.
- jschwartzi 7y agoThe longer you have to hold inventory, the more markup you should apply. Books probably have a fantastically long tail if you sort each one by rate of books sold per month or per year. Some books may sit on the shelves for several years before someone comes along and buys it.