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Post by adrianallan on Oct 23, 2020 20:40:26 GMT
For the past few weeks I have seen one of my books on Amazon being dropped in value week by week until now in the UK, it is selling for a paltry £12.20. For a 572-page 6x9 hardback, they must surely be making a loss, right?
Search for amazon.co. uk Adrian Allan, Paul McCartney After the Beatles A Musical Appreciation Volume Two, hardback
So what is going on?
I know this is done by an algorithm rather than a human - but what do you think lies in the method behind their madness?
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Post by BlueAndGold on Oct 24, 2020 1:04:02 GMT
Adrianallan, I have now seen three of my books on Amazon do this same thing. One of them twice.
I think it's great! The books go on sale without a loss in revenue to you. At one instance, I took advantage of the fact that the price was significantly lower than my cost to print at Lulu (though they limited my quantity to a mere 4 copies).
In the one instance, I suspect they had a single copy in stock somewhere and they wanted to move it to make space. But who can know for sure?
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Post by adrianallan on Oct 24, 2020 20:07:26 GMT
Adrianallan, I have now seen three of my books on Amazon do this same thing. One of them twice. I think it's great! The books go on sale without a loss in revenue to you. At one instance, I took advantage of the fact that the price was significantly lower than my cost to print at Lulu (though they limited my quantity to a mere 4 copies). In the one instance, I suspect they had a single copy in stock somewhere and they wanted to move it to make space. But who can know for sure? Maybe - but I am more of the view that it is some sort of algorithm is maybe being used to keep tabs on at which price point it sells the most copies - even if it pushes it below the profit margin for a while. As you say, it makes no difference to us but I am nevertheless intrigued. |
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Post by BlueAndGold on Oct 25, 2020 0:41:56 GMT
That is a valid theory too! I'd like to know the answer.
Two or three weeks ago one of my books got as low as $0.38. It was hard not to buy, but I wanted to see what would happen and missed the opportunity. (It just popped back up to it's normal price. Not sure if it was because of a sale or because the computer decided it was time.
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Post by Deleted on Oct 25, 2020 6:08:02 GMT
For the past few weeks I have seen one of my books on Amazon being dropped in value week by week until now in the UK, it is selling for a paltry £12.20. For a 572-page 6x9 hardback, they must surely be making a loss, right? Search for amazon.co. uk Adrian Allan, Paul McCartney After the Beatles A Musical Appreciation Volume Two, hardback So what is going on? I know this is done by an algorithm rather than a human - but what do you think lies in the method behind their madness? I saw that in Amazon.co.uk Adrian and what was stranger is that the paperback was £25, Hardbacks are usually so much more expensive. However it's $45.59 in Amazon.com. With BlueAndGold's book it was reduced in Amazon.com but not in Amazon.co.uk. |
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Post by hulsey on Oct 25, 2020 7:39:03 GMT
Yes, I've noticed Amazon sometimes reduce the price of one of my books. I alert readers on Facebook, Twitter, etc and after a short time the book reverts to original price. As long as we don't lose revenue then I don't mind.
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Post by Deleted on Oct 25, 2020 16:19:52 GMT
That is a valid theory too! I'd like to know the answer. Two or three weeks ago one of my books got as low as $0.38. It was hard not to buy, but I wanted to see what would happen and missed the opportunity. (It just popped back up to it's normal price. Not sure if it was because of a sale or because the computer decided it was time. They lower the price drastically if they have a book that hasn't sold in a while. Then, so it can appear they had a generous sale they bring the price back up. |
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Post by adrianallan on Oct 26, 2020 11:39:20 GMT
That is a valid theory too! I'd like to know the answer. Two or three weeks ago one of my books got as low as $0.38. It was hard not to buy, but I wanted to see what would happen and missed the opportunity. (It just popped back up to it's normal price. Not sure if it was because of a sale or because the computer decided it was time. They lower the price drastically if they have a book that hasn't sold in a while. Then, so it can appear they had a generous sale they bring the price back up. That might be the reason but it is worth remembering that this book did sell quite well last month. |
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Post by BlueAndGold on Oct 26, 2020 12:21:05 GMT
The most recent temporary price reduction of one of my books coincided with "Prime Day", which is when they put a large number of items on sale. The price bounced back after that short period. I believe they simply have various sales and drop the prices on a large number of random items.
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Post by Deleted on Oct 26, 2020 17:42:07 GMT
They lower the price drastically if they have a book that hasn't sold in a while. Then, so it can appear they had a generous sale they bring the price back up. That might be the reason but it is worth remembering that this book did sell quite well last month. Really? How interesting. Then I guess they select randomly which books they put on sale. |
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