BOOKBASE, Ark., (Reuters) – The publisher of popular children’s books will launch a program that will allow booksellers to price books based on how much they sell in their stores and on a monthly basis, with sales that month being calculated on sales in June.
The dynamic pricing model, which the publisher said will be used by many publishers, will allow books with higher sales in the months leading up to the June 30 holiday to be priced at a lower price, but the books will remain on sale for the month, said bookbase CEO and CEO Robert Bloomsburg in an interview with Reuters.
Bloomsberg said that, in the first month of the program, Bookbase will price books that sold over $100,000 in June at $1.25 per book.
The price will then rise to $1 per book in August and to $2.25 in September, and to the current level of $2 per book, Bloomberg said.
“It will be a dynamic pricing mechanism that will be based on sales that are occurring in June and September,” Blooming said.
The company has been testing the dynamic pricing system since March and said that the initial launch is expected to take place by the end of the year.
The pricing system will be rolled out to other publishers who have not yet implemented it, Blosberg said, and he declined to provide details on how it will work in practice.
Bloomingdale’s, the publisher of children’s and classic books, said the dynamic-pricing model will be integrated into the publisher’s publishing software.
The software will provide publishers with an easy way to price titles based on actual sales and will help them make better decisions about the number of books to sell based on current and expected sales trends.
Bloesberg said he expected Bookbase to eventually roll out dynamic pricing to all publishers.
He also said Bookbase expects to launch its own digital platform that will help publishers set prices on their websites and to streamline their book distribution process.
The Dynamic Pricing System will also be rolled into the Bookmarking service, which is a suite of tools designed to allow bookstores to automatically send out newsletters and other offers to book buyers.
Bookmarkers will also receive offers based on prices displayed on Bookbase.com and will be able to opt out of receiving offers.
Bloomesburg said Bookmarkings will also have a dashboard that can display and track how many books have been sold, the number purchased, the price, and whether bookseller purchases are being made on BookBase or on other platforms.
“We believe the dynamic price model is going to help Bookbase continue to provide the best content for the largest market,” Bloesberg told Reuters.
Bookbase has also launched its own subscription service called BookBase Premium, which offers publishers the ability to purchase books for an annual fee that is similar to what a traditional bookseller would pay.
Publishers are not required to pay Bookbase Premium, but they will have access to the full Bookbase library of over 600,000 books.
Bookbloom, which sells children’s titles to publishers including Simon & Schuster, HarperCollins, Penguin, Simon & Shuster, Random House and Simon & Jones, is one of the world’s largest online bookselling companies.
The Bookbloom publisher’s annual report for the quarter ended June 30 showed a revenue increase of 15 percent compared with the same period last year, as it continued to expand its business.
The company said it expects to report a net loss of $7.5 million for the year ended June 29.
The results of Bookbase were announced at a conference held in Las Vegas, Nevada, on Friday.
Blos, who previously headed up Bookbase’s online platform, said Bookblo’s sales on Bookbeat were up 40 percent from a year earlier.
Bookbeat is a platform that allows publishers to sell books on their website and to purchase a digital copy of the book at a low cost.
The platform includes more than 300 million books, and Bookbloo said Bookbeat is expected in the millions.
Bloom said Bookbabe’s “Dynamic Pricing” program will be launched this year and will include several other features.
Bloesburg said the program will help bookstores make better choices about their business, including the use of technology to allow customers to buy books directly from their store shelves.
He said Bookbuster and Bookbale will offer similar dynamic pricing programs, but Bookblower is not yet ready to start.
Bookbuster is currently launching a program with BookBloom to offer discounts on books, which will include a “digital book checkout” option.
Bloopsburg said that Bookbuster has been using BookBlo and BookBale to offer discounted pricing for a number of years and that it will continue to do so.Bookbale,