How to Determine a Price for an Old Book

Video Transcript

"Hi, this is Molly Mackey with Expert Village and now we’re going to talk about competitively pricing your books, once you get them home. So first we’re going to look up the value of the book, and we’ll go to bookfinder.com for this. And now let’s type in the title, The Book of Sufi Healing and we’ll just hit begin search and see what happens. How many of them are going to show up and appear. Okay, so here we have a list on the left of new books and that would be Amazon and so forth. Our book isn’t new, it’s used, so we’re going to focus over here to used books. Now it appears there are fifty-five listed. Honestly in internet terms that is not that many. Usually there are hundreds and sometimes even more. So where we want to start is basically looking at the condition of our book, we have basically a good to very good condition book so I’m going to price it accordingly. Our lowest price here is nine dollars that shows, it’s always starts showing the lowest to the highest of the prices. It says this is a new copy, with very minor edge wear on the cover only so that tells me the book is in pretty darn good condition and probably a little bit better than mine. However it’s a nice copy and it’s clean and bright so I’m looking at the lowest price and I want to go a little bit under that. You don’t want to undercut somebody horrendously and make the book five dollars, you just want to go a little bit under so I would typically price about seven ninety-five. "