On his Technium blog, Kevin Kelly wrote:
I am having trouble convincing myself why digital books will not cost 99 cents within 5 years. All books, on average. Just as the price of music does not in general change on the length or quality.
Here's a reason why they'll be as inexpensive as music. The other day Joe Konrath, a genre writer, and avid self-publisher of ebooks, said:
Eighteen days ago, I dropped the price of my ebook, The List, from $2.99 to 99 cents on Amazon. I was selling 40 copies a day prior to that. Currently, The List is #37 in the Top 100 Bestsellers on the Kindle. It's selling 620 copies a day on Amazon.
Do the math:
2.99 x 40 = 119.60
.99 x 620 = 613.8
I don't think publishers are ready for how low book prices will go. It seems insane, dangerous, life threatening, but inevitable.
I predict we'll be there in 5 years, (before the marginal price drops to zero, but that is another story.)
Also, as others have noted, $1 is near to the royalty payment that an author will receive on, say, a paperback trade book. So in terms of sales, whether an author sells 1,000 copies themselves directly, or via a traditional publishing house, they will make the same amount of money.
I am not saying this is good news for authors. 99 cents is not. It is good news for READERS.
99 Cent Books
We Gotta Get Out of This Place: The Soundtrack of the Vietnam War is a new book by veteran Doug Bradley and Craig Werner, professor of Afro-American studies at the University of Wisconsin–Madison, about soldiers’ musical memories and the impact of James Brown, Eric Burdon, Country Joe McDonald, and other popular artists on the Vietnam […]
Pop Chart Lab was founded in 2010 by a book editor and a designer, with the modest goal of rendering all of human experience in chart form. Since then they’ve charted a wide array of cultural touchstones. A Visual Guide to Drink is Pop Chart Lab’s comprehensive volume of its most important topics in graphical […]
Hilarious and silly, A Book of Surrealist Games is a fantastic introduction to the surrealist mind-set. In addition to just being fun to peruse, this collection of written, visual and verbal games is great for exercising your mind, and staying creative. In addition to the games, this oddly organized book is packed with poems, illustrations […]
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