Saturday, October 20, 2012

Standing Book Bids

I buy and sell books on It's very very easy. As a buyer, you are just a few clicks and a few days away from getting exactly what you want at your doorstep. As a seller, it takes a little bit more work (you have to log the books, print out invoices, and mail them to get the max amount of money), but it is still surprisingly easy.

But the way the current system is in place, sellers definitely do more work than buyers. What if this were reversed? What if Amazon encouraged buyers to choose a price that they would 100% buy a book at (similar to a fixed stock buy) and it fell on the sellers to peruse these potential buyers to see if the price was what they were hoping to get for their product?

If a buyer isn't in a hurry to get something, he/she might put out a lowball bid, say 20% of the asking price. It might take anywhere from a few days to a few years to find a seller willing to sell at that price, but it would be an equally balanced equation like the system that is in place right now.

As a seller, I've got tons of books unsold right now. When I was logging them, I would have been more than happy to consider offers on them. As it stands right now, I've already put in the work for the current system. So I wait.

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