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
The Art of Atari is a new hardcover celebrating the wonderful illustrations of the iconic game company’s packaging, catalogs, and other artwork that, according to the book’s introduction written by Ernest “Ready Player One” Cline, was “specially commissioned to enhance the Atari experience to further entice children and adults to embrace the new era of […]
Ariel Waldman, creator of Spacehack, has just published a delightful book titled “What’s It Like in Space? Stories from Astronauts Who’Ve Been There?” Illustrated by Brian Standeford, it’s a fun collection of astronaut anecdotes on everything from sneezing and farting in zero gravity to weird frights and the necessity of Sriracha in space. Here’s an […]
Danish photographer Jacob Erhbahn captured metalheads mid-headbang at music festivals around Europe. The result is Headbangers, a full-color book compiling the best of these unrestrained moments of metal bliss. In this collection Ehrbahn’s camera stops time and captures the surprising and life-affirming moments when the headbangers abandon all semblance of vanity and surrender to the […]
Jared Sinclair developed the RSS reader app Unread, which made $10,000 in its first 24 hours on the iOS market. And we’ve all heard the story of Flappy Bird developer Dong Nguyen, whose creation was reportedly earning $50,000 a day at the height of its 2013 explosion. While those are rare examples, they’re also testament to the […]
If you or your company’s IT system are besieged by black hat cyber attacks, an ethical hacker might be all that stands between crippling damage and a company’s long-term prosperity. It’s no wonder that the market for IT security specialists is exploding. Certification is the key – so learn the tenets of ethical hacking and get […]
Your laptop and mobile devices are top of the line…so why are you trotting out that raggedy decades-old suitcase when you go somewhere? Time to up your travel game with a complete 5-piece Herschel Travel Luggage bundle…and we’ll even give it to you for free!Of course, you’ve got to win the Ultimate Herschel Travel Bundle […]