Cheap Books At Amazon Keep Getting Cheaper
I’ve been selling some books of mine on Amazon, and have realized that they have a wonderful, though very simple model for promoting competition and the lowest prices from book sellers. In your book inventory, you are always shown whether or not your book is the lowest price listed, and if not, you are shown what the lowest price is. This means that as soon as two are more people start selling the same book of same quality, you can expect the see the price slowly drop on both until the book is sold. After all, the prices are only lowered a couple cents at a time to become the lowest price, so each time a seller lowers the price, they hardly consider the loss. But a couple checks every day over a week, and the book you want has become considerably cheaper!
This isn’t too great for sellers like me, considering that a book I listed several days ago is already listed as $3 cheaper, but it’s great for buyers, and for Amazon, who gets a cut of every sale.