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I have been following this board for a number of years, and do not recall much in the way of discussion regarding how online booksellers determine how to set a price on certain types of books. I am not looking for trade secrets.
I have recently been working on a project where I am going through my inventory, removing the low value books and repricing the higher value books that remain unsold after several years on the shelf.
I think I have an idea how to price items on ebay, with the price dependant on how good of a keyword I can come up with to gather attention.
My issue involves older biographies or historical books that may only have 4 or 5 fixed price listings total. If I am not familiar with the book itself, I have no idea if the book just is not in demand, or if it is scarce.
For example, if the lowest listing besides mine is $30.00 on the river, addall or abe, does that mean it is worth something near $30, or does that just mean other sellers have not pulled their listings?
Thanks for any suggestions.
Jan 28, 2015 1:45:28 PM PT