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Wednesday, June 8, 2011

You want me to pay what??

A few weeks ago I finished reading the first book in JR Ward's Blackdaggar Brotherhood Series, Dark Lover. I really loved the book and fell in love with the characters. In fact, I loved it so much that I went to Amazon and searched for the books in the rest of the series. When I saw the price of her latest book in the series, I just about had a coronary. The publisher is charging $14.99 for Lover Unleashed.

I'll say that again in case you didn't believe me the first time. An e-book for $15.

Does anybody else think that's about $10 too much?

The paperback is only $7.99. So why is the electronic version, which has no paper cost, no printing cost, no ink cost, no art cost, $7 higher? I've been wondering that myself.

I can't find any real logic behind pricing e-books so high. Take Apple for example. You can search their store, find any song you want and download it in seconds for a dollar or two. E-books are essentially the same. You can search Amazon's entire stock of books and download any book you want. Yes, Amazon doesn't set the price for the books; the publishers do. But imagine trying to find a song on the Apple store to find out it's $5 or $6? Or even higher? For a single song? Would that be worth it? Imagine how expensive it would be downloading however many songs at $6 a pop.

Now back to the e-books.

I still can't wrap my brain how publishers can the price of an e-book higher than a paperback. Maybe they want to keep the reader's attention on paperbacks since that's their main business. After all if an e-book, which is much more instant and convenient to buy, were the cheaper than a paperback, how many people would continue to buy them? If someone were considering buying a Kindle or a Nook and saw that e-books were more expensive, they might think twice about that particular purchase. Wouldn't you? I guess from a business standpoint it's makes sense (from the publishers perspective). But people like me, and a lot of others, continue to be outraged by finding an e-book they want to buy priced at $10 or higher.

I suppose in time publishers will start to lower the price of e-books, after the newness of the technology wears off (sort of how CDs and DVD players have gotten a lot cheaper over the years). On a personal note, I tend to search for e-books that are $5 or $6 or cheaper. If I see a book at $7.99, I will think twice before buying it. I want to make sure it's a book i'll go back and re-read again and again. Otherwise, it's not really worth it.

And a note to authors: Bear all this in mind when pricing your book (if you self-publish). Readers are becoming increasingly fed-up with publishers trying to rip off the public with these outrageous prices. Readers want to feel like they're getting their money's worth from these book. If the book turns out not to be that great, they'll delete off their Kindle (or Nook). So basically they paid $8 or higher for what ends being similar to renting a movie. Some readers might even go so far as to write a bad review if they feel like the book is priced way higher than it was worth.

A similar thing happened to Michael Connnelly with his latest release, which is priced at $12.99. A TON of readers gave the book one star specifically because the book is priced way too high. And I bet a lot of those people didn't even buy the book. Their reviews rant to the publisher to stop screwing over readers. One reader even went so far as to encourage Mr. Connelly to go indie with his next book so he can price his books more reasonably.

Those reviews aren't fair to Mr. Connelly because most of them aren't even about the content of the book. And authors have very little say when it comes to the price of their books. I guess those readers felt it was their only way to get through to the publisher.

On a side note, when it comes time for me to read Lover Unleashed, I'll check out a free copy from my library. I love my Kindle and never go anywhere without it. But I'm sorry; I refuse to pay $15 for an e-book, no matter how good the book is.

7 comments:

  1. One of the downsides of mainstream pubbing is that you don't get to set your price. Anything over $7 for an electronic book is too high. Then again, my novel, priced at .99 is probably much too low. LOL! PJ

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  2. That's exactly the reason why I haven't bought Lover Unleashed yet, and J.R. Ward is one of my favorite authors! I also haven't sprung for Beverly Jenkins' Something Old Something New or Wendy Wax's Ten Beach Road yet.

    As an author myself, I hate to admit this, but I'm going to wait until used copies are available on Amazon Marketplace so I can get them cheap.

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  3. I agree, the price for electronic books are too much. I love JR Wards series too, can't wait to build up my library with the first 6 books, but I refuse to pay that much. I don't want to have to pay that much for a paper back, so why on earth would I do it for a digital copy? Sooner or later, the industry is gonna have to give it up and lower their prices, or else, the sales popular authors books that sell for outrageous prices are going to suffer.

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  4. I used to have an awful time when I wanted books in the past - imagine that a paperback here in Mauritius costs between $15-20 (when we convert the price from Mauritian rupees). That would be about 10-15 British Pounds as well. Not exactly in my budget. If I ordered from abroad, the lower price there got added to the airmail/courier charges, and that was worse.

    Then I switched to ebooks. Today with 10 British Pounds, I can get 5-7 books easily. Imagine the joy (and the junkie behaviour because every trip to Amazon UK sees me bagging a dozen books to my cart).

    So no, I wouldn't ever buy an ebook at $15 or 10Pounds. That's insane! I wouldn't even have the book to display on a shelf. I balk at paying so much for a paperback even!

    Up to $5 or 3Pounds is practically an auto-buy for me if I like the book's blurb and excerpt. Any more than that = bu-bye from me!

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  5. I agree with you 100%. Publishers think that digital products will mean more piracy, so they want to push the paper versions. It's not logical, because it's actually the high price that promotes piracy.

    My wife was telling me about this author (sorry I forget his name) that sells a book every 7 seconds. That's over 12000 books a day. He sells them for $0.99. Over a year, this guy is making $1.5 million/year. That's a lot of money selling books at a buck a pop.

    I really think there's something to the 99 cent economy. Some say it devalues the "art", but I'm thinking, this guy made over a million bucks selling 7 different books for a buck. How is that devaluing the art?

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  6. Phibble, that's a good point about the piracy. I don't think $.99 has anything to do with how we value our books. I'm averaging about 15,000 books per month and mine is priced at $.99. That price has nothing to do with what I think my book is worth, but reaching a broader audience of readers.

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  7. Remember... Amazon takes 30%, the publisher takes 50% of what's left, then the author/agent split what's left about 66%/33%. So on a 15 book, Amazon gets $4.50, the publisher gets $5.25, then the author gets around $3.00 (agent gets the rest). Because the publishers take SUCH a big cut, they have to price it high in order for the author to make anything.

    Indie author can get away with charging less because we don't have to pay a publisher. I would rather sell more books for a lower price than fewer books at a higher price. Obviously, as an Indie, you have to arrange for your own editing and cover design and advertising, but I don't know if it is worth having a "real" publisher do that for you if they are going to steal 50% of the profits of YOUR books

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