Amazon unveils 'Historical Pricing' service
Late Friday, Amazon.com announced a new service enabling its Markeptlace sellers to research historical sales data. Amazon Historical Pricing provides access to over three years of Amazon sales data on books, music, videos, and DVDs.
It's unclear how many users will be able to afford the service's hefty fees of $499 per month. The service returns the average, minimum, maximum, and median price for items with a sales history, allowing users to examine pricing trends.
Users can specify up to 10 item IDs and request date ranges of a week, month or quarter -- or request up to ten date ranges for a given item ID.
The service will cost $499 monthly for up to 20,000 request per month, or $999 for up to 60,000 requests per month. Through Jan. 31, 2006, an introductory rate will be offered: $249 per month for up to 60,000 requests per month, 75 percent off the regular rate.
According to Amazon, the service will help booksellers optimize selling prices and subsequent gross margins. Reviewing historical pricing information over time is expected to provide a window into the seasonality of certain merchandise.
Users will be able to access historical pricing information on books currently unlisted and out-of-print, which should help them determine an optimal selling price. Amazon points out that this pricing information is otherwise unavailable.
It's unclear how many users will be able to afford the service's hefty fees of $499 per month. The service returns the average, minimum, maximum, and median price for items with a sales history, allowing users to examine pricing trends.
Users can specify up to 10 item IDs and request date ranges of a week, month or quarter -- or request up to ten date ranges for a given item ID.
The service will cost $499 monthly for up to 20,000 request per month, or $999 for up to 60,000 requests per month. Through Jan. 31, 2006, an introductory rate will be offered: $249 per month for up to 60,000 requests per month, 75 percent off the regular rate.
According to Amazon, the service will help booksellers optimize selling prices and subsequent gross margins. Reviewing historical pricing information over time is expected to provide a window into the seasonality of certain merchandise.
Users will be able to access historical pricing information on books currently unlisted and out-of-print, which should help them determine an optimal selling price. Amazon points out that this pricing information is otherwise unavailable.
posted by Steve Weber at 11/18/2005
1 Comments:
This is HUGE - anf the main reason I only sell books on Ebay, as Ebay allows to figure out if selling an author isa profitable by searching their completed listings. I'll give Amazon a second look now... Thanks!
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