selling your stuff on Amazon...part three...

Kaminari_2

Sounds good to me! That about what i would have listed it for.

MUDGUTS

I am new to this but have done a bit of reading...

From what I can understand if the book you are talking about is in stock with amazon (new) then you could sell yours at slightly less than theirs as it is used. They have in effect set the market price for this book. However if they do not have the book in stock but offer it plus a 'sourcing fee' then they do not actually have it but are speculating on it. The other books you see (from USA for example) could be sellers listing a book they do not have... Then as they sell it they would try to buy it in to supply their buyer, (hence the high price), if they cannot get it then they would just let the buyer down and refund them.

I would look carefully at the market. If I thought I could get 10% less than the new price for this book than amazon are asking (if they have it in stock) that is what I would ask. If yours would be the only available copy, you can set the market price as you have the only readily available copy. You should then monitor the price: If others appear on the market at more than yours or less then you can adjust the price of it to stay competitive.

One thing to remember is that if you have the only copy you can ask what you want. If someone wants it badly enough then they will pay.

princessmoneysaver

This is it on Amazon, I don't think they have any in stock but maybe I'm looking in the wrong place?

http://www.amazon.co.uk/exec/obidos/ASIN/0006747647/202-9092030-7660623

apprentice_tycoon

Yvonne, yours looks like the best deal out of all of them -

Amazombie

The other thing you seriously have to take into account when pricing is who any potential customer is likely to be and even if they wanted the book desperately would they be willing to pay such an exorbitant price for it.

As this appears to be just a modern children's novel I find it very unlikely that anyone would pay that much for it.

You will just have to wait and see but it might be months or years.

billycasper_2

Forgive me if this question has been answered in this thread already but its rather a large thread to sit and look for the answer.
The question relates to things that sell on amazon for 1p. How is this possible to make any money selling anything for 1p?
cheers

grimelda

billycasper wrote:

Forgive me if this question has been answered in this thread already but its rather a large thread to sit and look for the answer.
The question relates to things that sell on amazon for 1p. How is this possible to make any money selling anything for 1p?
cheers

Apprentice Tychoon explains this in the very first post of this thread:

selling fees and postage allowance

There are fees when you sell the book, these are made up of a fixed amount of 86 pence plus a percentage of it's sale price. You get to see what these are when you list the book, it shows you what the charges will be, and what you'll be paid so you can see if this is acceptable to you before you commit yourself to selling it, having said that you can withdraw it at any time. Amazon gives you £2.32 to go towards the postage of the book so if it's a light paperback there will be a little money for yourself left over on just the postage allowance alone, this is how you can sell a book for as little as 1 penny and still have a small profit.

billycasper_2

oh yes...sorry

apprentice_tycoon

Don't worry billy, page one is a long way back!

edit - I should add that sellers that hope they can sell over 33 books a month can take out a subscription to the Pro-merchant scheme, paying just under £29.00 per month, the benefits are that the 86 pence flat charge is waived, there is just the percentage fee to pay, so a lot of the cheaper books are 86 pence more profitable to the Pro-merchants.

Kaminari_2

Hi Billy! Welcome!