Amazon certainly did not become the world’s largest online retailer by accident. Everything that they do is very carefully calculated to ensure maximum profits. That’s why the homepage, newsletters and just about every other form of communication is customized to suit your browsing and purchase history. Amazon also utilizes some very complex pricing algorithms to help them stay ahead of the competition.
When I went to check the product page for Beyond the Margins, I noticed something quite strange: someone was selling a used copy of the book for an astounding $999.10.
Considering that there are some third-party sellers on Amazon who are selling my book for less than $10 (hoping to steal some sales away from Amazon directly), I thought this was a completely strange and backwards strategy on the part of not one, but two third-party sellers. One of them has a used copy of Beyond the Margins listed for $999.10, while the other has it listed for a penny more. In both cases, you get a book that’s in “good” or “perfect” condition for about 100 times the price of a new one.
They hope, I’m assuming, that some unwitting surfer on Amazon will click on that “Add to Cart” button and “accidentally” buy the book for nearly $1,000. That’s quite the sizable profit, I’d say. Of course, if you’re reading this blog, you’re probably smarter than that. You could pay the legitimate price on Amazon for a new copy or you could pick up a signed copy from me for $10 (plus shipping) instead. That’s a better deal, don’t you think?