They took $4.74 on a $9 book I sold which I find ridiculous especially as they only took $4 on a $15 book I sold which I found reasonable. I will be reconsidering using Ebay instead of Amazon in the future.
If you look at the fee break-down, the shipping and fixed fees would be the same for a penny book or a $50 book.
If you sold a $5 book the total fees would be closer to 100% for the total sale.
The fixed fees are a killer for low-dollar sales.
Zero profit or break even is @ $7.00 selling price in media. I think @Lake posted this some time ago.
If you haven’t, activate the “Estimated Fee per Unit Sold” on your Manage Inventory page. Then no unpleasant surprises.
I used to rag on millennials. Then I learned I am technically a millennial myself, at the ripe age of 39
It’s not generally a profitable venture to sell books on Amazon under $10, unless you are a mega bookseller. Even if you sell a book for $8.00, the tiny profit you make isn’t worth the time unless you have a system in place to process thousands of books.
Amazon takes 15% of the selling price and postage -$1.94, a $1.80 “fee” and a $1.00 fee if you are not a professional seller. This adds up to $4.74. You always should check what your cost will be before listing something. I try not to list anything under $10 anymore and let the big guys have the cheap stuff.
To sell a $9 book, no way. My minimum price is around $12 now and that is even too low. By the time Amazon takes their fees from that, it’s not really worth the risk of Coronavirus going to the Post Office.
Amazon probably figured out a way to discourage the sale of lower priced books which would increase their Kindle sales and also decrease their seller competition at the same time.
Thanks to everyone on this forum! I’m an occasional seller, mainly to relieve my groaning shelves! I’ve been looking at my inventory and the fees, and considering deleting some low-priced books. The guidelines some have posted are very helpful. I’ve decided a $10 cut-off now seems reasonable for me (unless a very small, easy to handle paperback).
I don’t hear Bic complaining.