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How Bots Seized Control of My Pricing Strategy

177 pointsby obiterdictumabout 13 years ago

9 comments

jsackmannabout 13 years ago
In my experience: Amazon automatically discounts some books, a certain time after their release. I've published several through their subsidiary CreateSpace, and the two that sold more than negligible amounts were discount the same ~28%. One eventually went back to my 'retail' and the other stayed discounted.<p>Again in my experience, Amazon's discounts do <i>not</i> effect the author's take. At least in CreateSpace, the author's royalty is based on the retail price the author sets.
revelationabout 13 years ago
There are really Markov chain generated books on Amazon? I guess it is becoming a trash dumpster after all.
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jarekabout 13 years ago
Similar story from last year: "Amazon’s $23,698,655.93 book about flies" <a href="http://www.michaeleisen.org/blog/?p=358" rel="nofollow">http://www.michaeleisen.org/blog/?p=358</a> <a href="http://news.ycombinator.com/item?id=2475854" rel="nofollow">http://news.ycombinator.com/item?id=2475854</a>
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pavel_lishinabout 13 years ago
I'm not sure how Amazon works; if they discount your book, and I buy it at the sale price, did you just get shafted out of some money? Or do they make up the difference?
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Tichyabout 13 years ago
Doesn't Amazon ban you for selling non-existent books? Because otherwise it has occurred to me that next time I look into buying a book, I could pretend to sell it for a really low price and wait for a bot to underbid me, so that I can buy it off the bot for very little money.
apieceofpiabout 13 years ago
"trust the tattooed hipster who wrote Amazon's pricing algorithm"<p>Am I missing some context here? Amazon is full of tattooed hipsters?
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damian2000about 13 years ago
This live amazon page here shows that the price for a book has been increased artificially to $7.5 million due to bots ...<p><a href="http://www.amazon.com/gp/offer-listing/0956205100?ie=UTF8&#38;linkCode=shr&#38;camp=213733&#38;creative=393193&#38;ref_=dp_olp_used&#38;sr=1-10&#38;condition=used" rel="nofollow">http://www.amazon.com/gp/offer-listing/0956205100?ie=UTF8&#3...</a><p>(I got this via a tweet a few hours ago, and it seems like its still broken...)
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wtvanhestabout 13 years ago
Is it possible to do the following:<p>Invent a fake book<p>Post it for a high price<p>Watch Bots price it up<p>Buy one from a bot<p>Sell the only real one far above the bot price<p>Profit? (because the bot owner must then buy the book to ship it to the person who already bought it?)
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gcbabout 13 years ago
If it has free shiping, why not buy 1.000 books for $10 and move them back to your inventory?
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