Explain $.01 & other very low prices on Amazon marketplace & Craig's list?

If so, that sounds like a bit of a scam. On Craig's list, I wondered if such low prices were a code most people understood, perhaps indicating the price was open or a bid was desired. Anyone have an answer?

Asked by CALGal 60 months ago Similar questions: Explain 01 low prices Amazon marketplace Craig's list Amazon.

Similar questions: Explain 01 low prices Amazon marketplace Craig's list.

On Amazon, people charge absurdly low prices because they expect to make money on shipping... On Amazon, people charge absurdly low prices because they expect to make money on shipping...If someone's a "pro merchant" seller on Amazon, the per-transaction fee is waived, so the seller just pays a commission on each sale (and 10% on a penny isn't very much). Amazon charges a shipping fee to buyers--on top of the price of an item--and passes that along to the seller. Assuming the seller can ship an item for less than the amount allocated for shipping, the seller will make more than just the penny that the buyer paid.

Craigslist is harder to explain...CL doesn't charge a fee for most ads. If the seller is selling an item that the buyer has to pick up, the seller's probably just charging a penny so they feel as if they aren't giving something away. But if the seller charges a shipping & handling fee, you can assume the seller is making a profit on S&H.

amazon.com/gp/help/customer/display.html... and PricingAmazon.com collects fees only when your item sells. At that time, Amazon.com collects your sales price and shipping costs from the buyer, deducts a commission of 6 to 15 percent of the sales price, a per-transaction fee of $0.99, and a variable closing fee. The $0.99 per-transaction fee is waived for Pro Merchant Subscribers.

Commission rates are as follows: Computers = 6 percent Camera & Photo, Cell Phones & Service, and Electronics items = 8 percent Items in the Everything Else Store = 10 percent Musical Instruments = 12 percent All other product lines = 15 percent Variable Closing Fees Charged to Seller: Domestic Standard Domestic Expedited International Standard Books $1.20 $1.20 $1.20 Music $0.70 $0.70 $0.70 Videos $0.70 $0.70 $0.70 DVDs $0.70 $0.70 $0.70 Video Games $1.20 $1.20 Not available Software & Computer Games $1.20 $1.20 Not available Electronics $0.45 + $0.05/lb. * $0.65 + $0.10/lb. * Not available Camera & Photo $0.45 + $0.05/lb.

* $0.65 + $0.10/lb. * Not available Tools & Hardware $0.45 + $0.05/lb. * $0.65 + $0.10/lb.

* Not available Kitchen & Housewares $0.45 + $0.05/lb. * $0.65 + $0.10/lb. * Not available Outdoor Living $0.45 + $0.05/lb.

* $0.65 + $0.10/lb. * Not available Computer $0.45 + $0.05/lb. * $0.65 + $0.10/lb.

* Not available Sports & Outdoors $0.45 + $0.05/lb. * $0.65 + $0.10/lb. * Not available Cell Phones & Service $0.45 + $0.05/lb.

* $0.65 + $0.10/lb. * Not available Musical Instruments $0.45 + $0.05/lb. * $0.65 + $0.10/lb.

* Not available Office Products $0.45 + $0.05/lb. * $0.65 + $0.10/lb. * Not available Toy & Baby $0.45 + $0.05/lb.

* $0.65 + $0.10/lb. * Not available Everything Else $0.45 + $0.05/lb. * $0.65 + $0.10/lb.

* Not available Amazon Payments automatically transfers your earnings to your checking account every 14 days. No separate Amazon Payments fees are assessed on Amazon Marketplace sales. For individual sellers, if your item doesn't sell within 60 days, the listing is closed and you pay nothing.

We will confirm via e-mail that your listing has ended, and will include instructions about how to relist your item. If you're a Pro Merchant seller, your listings will remain on the site indefinitely unless they sell, you remove them, or you cancel your Pro Merchant subscription. Amazon.com reserves the right to charge sellers a fee for poor seller performance.

Performance may be determined by metrics such as excessive refunding (e.g. , for stockouts), high rates of A-to-z Guarantee claims filed against the seller, and credit card chargebacks on Amazon Payments transactions. Amazon.com will communicate any fees and specific performance requirements to the seller prior to charging the seller's account. PricingCurrently you can sell items in four categories at Amazon Marketplace--New, Refurbished, Used, and Collectible.

Please check our Condition Guidelines. You may list items at any price you feel is fair, regardless of the Amazon.com price or list price, so long as it adheres to our General Pricing rule; however, only items priced at or above the list price (MSRP) or $10, whichever is greater, are eligible for listing as Collectible books, music, or other media products. Media items priced below $10 or list price may not be listed as Collectible.

General Pricing Rule: By our General Pricing rule, you must always ensure that the item price and total price of an item you list on Amazon.com are at or below the item price and total price at which you offer and/or sell the item via any other online sales channel. Our pricing terms are defined below:The item price is the amount payable by a customer, excluding shipping and handling, as it appears when you list an item. The total price is the amount payable by a customer as well as all terms of offer/sale.

This includes all of the following: shipping and handling charges any discounts, rebates, or special sales/promotions you offer/make with respect to purchases the shipping method you use business practices, such as any reduction or elimination of shipping charges on an order, or of any other order-related fees and expenses any low-price guarantees (Note: The total price does not include discounts, sales, rebates, or other promotional offers you attempt to make available through Amazon Marketplace but which we do not honor or support. ) Sources: My opinion .

On eBay, it's a shipping-and-handling scam It's common to sell things on eBay for .01 but in the fine print to charge $6-$10 for "shipping and handling. " I don't recommend buying from these sorts of people, even if they look like big companies with lots of sales. I've had a bad experience buying an adapter cable for $.01 plus $9 shipping -- I figured, hey, even at $9.01 it's still not a terrible deal and I really needed the cable.It was being sold by someone who'd sold thousands of things, and they said the cable was brand new.

But when I got the cable, it was very used and damaged. They wouldn't take it back, claiming that I should have known it was junk since it was only sold for 1 cent! In short, they are bad people and I resent them so much that I now live out my life assuming that anyone selling anything for one cent is also a bad person.

In any marketplace ... there are a significant number of players who ... act compulsively, irrationally, and self-d..." The following is from on article I wrote for the newsletter of the Independent Online Booksellers Association about four years ago under the pretentious title "SIX CRISES, AND A CHALLENGE. " I don’t think anything important has changed since then. "Lowballing .

Apart from the existence of a market glut, many sellers are artificially depressing book prices by offering books at prices significantly below those of competing copies. This, in turn, leads to other sellers coming along and making a snap judgment that they will not be able to sell X title unless they price it alongside the cheapest copy available. A herd is created and, dumb as sheep, lowballing sellers create a relentless downward pricing spiral.

A great deal of speculation occurs as to the motivation or rationale of sellers who would price large portions of their inventory at a penny: are they making money off of shipping, are they acquiring email addresses to sell at a profit, are they trying to attract traffic to a site, are they trying to build up their customer feedback rating, are they nuts? It doesn’t matter. In any marketplace, as Dr. Vernon Smith, recipient of this year’s Nobel Prize for Economics, has shown, there are a significant number of players who, faced with uncertainty, act compulsively, irrationally, and self-destructively, and sometimes they influence others to join them.My view is that one should never join them, but should see them as loss leaders in one’s shop, and be grateful that one is not taking the financial hit for providing the loss leader.

Where a lowballed book is in some demand, the lowballer may make an excellent arbitrage victim. To assign lowballers too much power is to underestimate the power of the huge online bookbuying customer base. Buyers often choose higher priced copies within a title’s selection based on condition, presentation of both copy and seller, and perhaps some of the same phenomena observed by Professor Smith.

Over time, we can hope that sellers will become wiser about their pricing strategies, and that market forces will find a way of saying goodnight to those who don’t. Meanwhile, our best protections against lowballing are to avoid those hypercommon titles where the downward pricing spiral is most pronounced and to do what we can to increase the population of online bookbuyers." All best, Windwalker Sources: Personal experience working both in publishing and bookselling Windwalker's Recommendations Selling Used Books Online: The Complete Guide to Bookselling at Amazon's Marketplace and Other Online Sites Amazon List Price: $17.95 Used from: $8.50 Average Customer Rating: 4.5 out of 5 (based on 51 reviews) Complete Guide to Starting a Used Bookstore: Old Books into Gold Amazon List Price: $14.95 Used from: $24.99 Average Customer Rating: 4.5 out of 5 (based on 4 reviews) Here are two books that I hope will never sell for a penny....

They sent me a weblink but it takes me here" "I want a list of my Amazon purchases and the prices I paid for them since October 2011. Can I get on? " "Is there an Amazon marketplace community that helps new vendors get started?

How do I find someone else's wish list on Amazon.

Its the only reason I don't use Marketplace.

They sent me a weblink but it takes me here.

I want a list of my Amazon purchases and the prices I paid for them since October 2011. Can I get on?

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.