If you are new to bookselling, you may not be aware of one of the most valuable tools available to you to help you sell books: auto repricing.
Basically, auto repricing is done through applications which are hosted either on your desktop or remotely on the web. You set up rules for a group of listings, and the software automatically reprices your listing based on listings by other sellers. For instance, you can set it to take the lowest price for a book and either do a price match, set the price slightly higher than that price, etc. Some sellers even set the rules to set the price lower than their lowest competitor but that, in my humble opinion, is just plain stupid. You can also set up more advanced rules, for example, you can set them up to base the reprice off of the third lowest price, rather than the lowest, or set them to match condition, etc.
I’ve used a few different repricing applications over the years. There’s some overlap with the companies I talked about in the (more…)