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> Why though would bordeebook want to make sure theirs is always more expensive? This would seem to guarantee they would get no sales. But maybe this isn’t righ
by mrtnmcc 6y ago
> Why though would bordeebook want to make sure theirs is always more expensive? This would seem to guarantee they would get no sales. But maybe this isn’t right – they have a huge volume of positive feedback – far more than most others. And some buyers might choose to pay a few extra dollars for the level of confidence in the transaction.
Alternatively bordeebook may be focused on when the competing book sells out (these are used book listings on Amazon which are single units). Then they will be the only alternative, and at a 27% markup. Books also often get bought in bursts (group sales, class assignment, labs, book clubs), so this might be reasonable purchase pattern prediction.
- jjeaff 6y agoYes, this is how I used to price my books. There are two reasons to price higher than the lowest. One is to make a little more profit because your book will sell as soon as the cheapest book sells. The other is to avoid my pricing bot fighting with someone else's pricing bot down to $0.01. I would rather accidentally shoot the price really high than give the book away for a loss. Especially considering a lot of the books were $150+ used textbooks.