Price Wars on Amazon Marketplace
I came up with a technique for making money off of school books on amazon. Find a recent book that you have for which a used version doesn’t go below a nice price. So let’s say people are selling it for $40 used. I’ve noticed that if you try to price war with them, they often lower their prices to match you. You can lower your price to say $20. The risk is that someone comes and snaps up your book for $20 which is bad (you might want to gradually lower it). But if they don’t and another seller lowers theirs to 19.95, you can immediately buy their book, put yours back up to $40 and then sell their book later when you get it.
This won’t work well for popular books because it will get bought fast. This will only work well if you can find books which are being sold by inexperienced amazon sellers that just want to sell their stuff, and won’t buy yours from under you.
Ok, maybe it’s a lame idea.
Filed under: Society
« Summorum Pontificum | Home | I will now consider Priceline emails as spam… »
