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The real question is if buyers will stick around once prices go up. I remember, during the bubble, buy.com's strategy was to sell at a loss, grow customer base
by tdees40 12y ago
The real question is if buyers will stick around once prices go up. I remember, during the bubble, buy.com's strategy was to sell at a loss, grow customer base and then raise prices. The first two parts worked reasonably well, but once they raised prices, everyone left.
- toomuchtodo 12y agoWith great information (Internet), any product is a commodity as long as there is no single supplier.
- cm2012 12y agoAt least 50% of Amazon's volume by sales is by 3rd party sellers who most certainly DO NOT sell at a loss! For many Amazon products, prices will never raise appreciably. The post above goes into more detail on other reasons for this.
- WalterBright 12y agoThat's why the conventional wisdom of sell at a loss, drive everyone else out of business, raise prices to monopoly levels doesn't work.