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Topic: E-book prices to go... UP on Amazon! (Read 250 times)
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Antmusic
Dead By Dawn
Posts: 3249
Horror Enthusiast
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http://finance.yahoo.com/family-home/article/108723/e-book-pricing-put-into-turmoilBecause the I-pad will be selling books for $14.99, Amazon has to raise their prices... "WHAT? What! WHAT!?" you say (that is what I said). "Shouldn't they be LOWERING or keeping it the same so people will want to buy from Amazon?" Nope, I guess not. In a nutshell: Apple will be paying 70% of the gross price tag to publishers (that is $10.49 on a $14.99 book)... which makes the publishers want their products available on i-pad... more profit. I don't know what Amazon is paying them, but I think it is a lot less than 70% and DEFINITELY less than $10.49 (with a $9.99 price tag). This is making Amazon RAISE their prices ASAP so they can compete (with the amount being paid to the publisher). They have to answer to the publishers first, I guess. Readers/public are chopped liver in this case. Google's "coming soon" ebooks are going to be publisher price set. So who KNOWS what that will cause... I tried to keep this short for you dizzy readers. I just found it fascinating how sdrawkcab it seems.
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goathunter
Four Movie Freak
Posts: 297
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This is also being precipitated by Macmillan, which wants to charge Amazon more for their books. Authors Guild article on Amazon vs. Macmillan(The article above seems to think authors will somehow benefit from the higher prices. I'm sure that's B.S.) Hunter |
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David.Niall.Wilson
On the Third Day - New religious thriller
Triple Feature
Posts: 192
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There is still something being missed here. Amazon isn't paying ANYTHING for e-books. They only pay a share of those purchased. They don't warehouse them, or buy a certain number for their warehouse. They put up a link and store the files. If someone buys, they pay. Books they warehouse and buy a certain number of - taking a risk. Their risk is pretty much nil on e-books.
Also, they are claiming in that Salon article that design, authors, etc. are the bulk of the price, and yet when the cost of books goes up it is ALWAYS the production, print, paper that is cited.
It's a matter of greed, bumping for leverage, and hype that is allowing publishers and retailers like Amazon to falsely inflate the value of an e-book.
I hope the increased cost of e-books makes people more likely to buy print books, personally, but I will continue to offer books for both...and the e-books will always be cheaper.
D
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[url =http://macabreink.com/store/2010/01/21/on-the-third-day-first-edition-digital/]Check it out at Macabre Ink Digital[/url]
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Antmusic
Dead By Dawn
Posts: 3249
Horror Enthusiast
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Another good article!
The article states: "Amazon retails the Kindle editions of new releases, bestsellers and many other books for a standard price of $9.99 -- which is less than it pays for them itself. Amazon takes a loss on the books, presumably in order to sell more Kindles..."
I didn't know that. BUT, HOW do they take a loss? How much are they paying for a new release? If they sell a 1,000,000 downloads of Under the Dome for Kindle for 9.99 each... that is $9,990,000.00. Is this trying to say that, somehow, Amazon is paying more than $9,990,000.00 for those downloads when they are paying out 50% of that to the publisher? That would still leave $4,999,500.00... even if they paid out 70%, there would still be $2,997,000.00 left for maintenance etc. THAT is confusing.
David and Steve make darn good points too:
David: "For a Kindle book, the publisher gets it formatted and submitted, then Amazon takes more than half of every sale with no effort or action on their part at all. No cost, pure profit" and "Amazon isn't paying ANYTHING for e-books. They only pay a share of those purchased."
Steve: "so at 9.99 for Silver in Kindle format, I make approx. 2 bucks per download, whereas on the hardcover I make 2.59"
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