Showing posts with label eBook eConomics. Show all posts
Showing posts with label eBook eConomics. Show all posts

Mar 10, 2012

Sanderson's Paradox - Free eBook Distribution

Over on Twitter, Brandon Sanderson was looking for potential ways to get package digital copies of his books for those who purchase hardcover editions of them. I've wished for this for years as it would allow me to leverage my Kindle Fire for travel and mobility while still supporting my rampant bibliophilia.

The basic requirements he lays out are as follows:

1) System should be publisher independent
2) Little to no additional cost to publisher
3) Books are available to be sampled in book stores (no shrink wrapping)

Option 1

The easiest solution is to have Amazon and B&N integrate it with their Kindle/Nook services where if you buy a physical copy of an eligible book through them, a redemption link is sent to your email or the e-book is automatically sent to the Kindle/Nook associated with that account. These companies both have the resources and the incentive to make this happen as it would correspond to huge growths in their tablet/e-reader sales. I actually wrote about this a long time ago back in 2009 though I don't think we're any closer to seeing this three years later.

Strengths
  • No way to get the free e-book without buying the book first.
  • No modifications to the book necessary.
  • If a book is returned, access to the eBook could be revoked.
Weaknesses
  • Doesn't prevent you from selling or sharing the physical copy of the book once you have your digital copy (no system really will)
  • Would be driven by booksellers not publishers (lots of potential issues here with who has rights to what)
  • Not open to indie booksellers.
But Sanderson throws another requirement in there - 4) that it needs to work as well for the big stores as it does for the little guys. If the mom and pop shops need to get involved it gets a little more complicated. Here are a few more potential solutions off the top of my head.

Option 2

Unique cards (similar to what is included in shrink wrapped DVDs with bonus copies) that are shipped with the books. It would be up to the book seller to distribute these cards upon the purchase of a book. Possibly enhance the security with a scratch off covering for the unique code and/or some type of bar code that the book seller would scan so it's included on the receipt (rings up as 0.00 with the purchase of the book.) This would you from returning the book without also returning the unscratched off card. You could then take this card to your eReader of choice and redeem it for free or a nominal fee.

Strengths
  • No way to get the free e-book without the scratched-off code.
  • No modifications to the book necessary.
  • Open to all book sellers
Weaknesses
  • Doesn't prohibit buying the book and sharing the code (no system really will)
  • Requires modifications to the bar code databases.
Option 3

The next solution would require no additional cards or modifications to the existing book.

A book would be printed with a code inside it. The code would be the same and printed in every book, except possibly library editions. You would enter this code at some website which would then activate a program based on the printed text. This program would randomly ask you 3-10 random questions based on the text layout of the book - what is the third word on page 392? - that needed to be answered within a set amount of time. This would prevent people from getting the information from the books in stores or posting guides to acquiring the books online.Yes, this wouldn't prevent people from going out, buying the book and then returning once they had the free digital copy but the hassle of doing that (see rebate logic) would be better than storing some code you could easily write down in the book store. You could also couple this with a unique code that would prevent the redemption of multiple books.

Strengths
  • Prevents people from easily subverting the authentication system.
  • No modifications to the printing process necessary.
  • Potential buyers can still sample the book
  • Open to all book sellers
Weaknesses
  • Process is more complicated than a simple redemption code and requires additional code.
  • Risks reader seeing spoilers.
  • Doesn't prohibit buying the book and sharing the code (no system really will)
  • Either multiple eBook copies could be redeemed with the same book or people could return a book with an already redeemed code in it.
Option 4

Print "$1.00 eBook editions" that come shrink wrapped with a unique redemption code inside them. They would be priced a dollar more (or whatever price you set) than the regular, non-shrink wrapped edition and you wouldn't be able to return an opened eBook edition. If you were on the fence, the non-eBook editions would be available for you to read a few pages.

Strengths
  • No way to get the free e-book without the scratched-off code.
  • No modifications to the book necessary.
  • Open to all book sellers
Weaknesses
  • Requires a method of writing unique codes in the book and securing the codes
  • Doesn't prohibit buying the book and sharing the code (no system really will)
  • People could open the shrink wrap and take the code without buying the book.
  • Could impact the sales of non-eBook editions if eBook editions were sold out.
So those are my ideas. Feel free to pick them apart or add your own.

Sep 27, 2011

In Which I Disguise Self Interest As Compassion


Hey.

I want you to give Tobias Buckell money. Not because he deserves it (he does). Not because he needs it (I'm sure he wouldn't say no). Not even because he got a raw deal when his publisher decided not to continue publishing his Xenowealth books (those bastards!)

You should give Tobias Buckell money because I want to read his next Xenowealth book and I won't be able to do it unless other people contribute to his Kickstarter. This may appear to be a nice post about contributing to a worthy author, but make no mistake, it's not. It's a shameless plug for me to get what I want: a sequel to Crystal Rain, Ragamuffin, and Sly Mongoose. And to do that, I need you to contribute to the Kickstarter account for the 4th Xenowealth book,  The Apocalypse Ocean. And don't try to pull any of that "the rest of the loyal YetiStomper minions will pick up the slack" nonsense. I've got like 14 readers, total, and only one is ugly enough to be considered minion-esque. So when I say you, I mean you, not them, do you understand me?

There are various tiers of patronage each of which will buy you a continually more impressive book package. Tier 1 is an eBook, Tier 2 is a Hardcover + eBook, and so and so forth, up to Tier 26 after which he will name his next child whatever you want for a mere $2,426,982. He's looking to get $10,000 in seed contributions and currently sitting at around 45% of that total.

So I'm asking you, as an unapologetically self-interested fan of Buckell's work, to help make The Apocalypse Ocean a reality. You can do it because Buckell is a good author and he writes stuff worth reading. Or maybe you're the human personification of a Care Bear Stare, and want to make sure his family "gets enough food to eat", whatever that means. Or make up your own reason: whatever gets you to give Tobias Buckell money.

This is me asking you nicely. There are still 21 days left to give Tobias Buckell money. If it gets down to a week and one of your pets and/or smaller children happens to "mysteriously disappear," you can probably figure out how to get them back.

I'm joking, of course. Besides it won't even come to that. Will it....

Oh, and in case you missed the link which I so subtly dropped throughout the flowing genius word assemblage above. Here it is again. There's even a cool video and junk. And if Kickstarter works the way it's suppossed to, you should see a status bar right down here.


Note: if you read this sentence before you see a Kickstarter widget - damnit.

Jul 7, 2011

eBook eConomics: Free-Ninety-Nine


Not good, skiffy fans.

Well, not really. More like good for us, bad for our collective fiscal solvency. Apparently, publishers have finally figured out that if you give people like me (and probably you) the option to click a button and receive an eBook for the price of a Katy Perry song or two, the results tend to be somewhat predictable. Unlike two consecutive blog posts invoking She Who Kisses Girls and Likes It. Who saw that coming?

Let's take a look at three different publishers who have been pummeling my purse money satchel recently (and the slightly different striking methods they use to do so). Also, it's worth noting that I'm a Kindler, not a Nookie, so apologies in advance if the mentioned deals don't translate to your preferred device. Blame divergent formats and DRM. I always blame DRM ever since they canceled Firefly. Don't tell them I told you.



Orbit

First in my eBook eXplorations (tIred oF tHis yEt?), is Orbit, a publisher whose 2011 slate is so good it violates that statutes of four nations, seven states, a single Canadian province, and a handful of ancient city-states (apparently along with the laws of physics). And the best part? They seem to be willing to spread the love around by offering a different deal every month through their "Orbital Drop" Program, mostly in the form of discounted and bundled backlist books. It's one newsletter you won't regret signing up for.

But Orbit isn't just focusing on their back catalog. In addition to this month's deal [3 of Gail Carriger's eclectic Parasol Protectorate novels for 9.99], Orbit is willing to part with two of this year's biggest books for less than a penny a page. Ten bucks will get you over 1 kilopage of Daniel Abraham goodness with the double eBook edition of The Dragon's Path and Leviathan Wakes. Even better, people who bought the eBook edition back in March received Leviathan Wakes three months before the rest of us. An advance edition premium for eBooks could be interesting, although I don't see it working in the long run.

All things considered, Orbit's strategy seems to be centered around limited time offers on bundles with the intention on introducing you to a few new series with the hopes you'll stick around for later volumes. I don't know what the audience overlap is between The Dragon's Path (fantasy) and Leviathan Wakes (SF space opera) but you can be sure FREE will help blur the lines a little more. And while Orbit does have some below double dollar deals [Kevin J. Anderson's The Edge of the World for $1.99 (Kindle Only)], they don't seem too eager to get into a price war with their bundle deals still pricing out between  $3.33 and $5.00 a book.


Night Shade Books

Night Shade Books is also in on the fun, albeit in a slightly different way. A large portion of Night Shade's output is anthology based - either with themed anthologies from John Joseph Adams, "Best of" anthologies from Jonathan Strahan and Ellen Datlow, or their eclectic Eclipse series, also from Strahan. They've got a problem though; anthologies don't have the same backlist appeal their novelular (it's a word, trust me) counterparts command. While I don't have the numbers to back it up, I think it's safe to assume most anthologies don't demand multiple printings. Particularly "Best of" books which are going to cannibalize their own sales year after year.  

Enter the eBook.

Unlikely their corporeal counterparts, their is little to no cost in producing an eBook "print run" of an infinite number of copies. Each book might not sell a lot of copies during its twilight years but what it does sell is sure to be almost pure profit. When you combine the two (infinite supply and high profit margins) you've got a fantastic formula for lowering prices to generate demand. Which is exactly what NSB is doing.

The latest volume of Eclipse might cost you $7.99 but the first volume is a down right affordable $2.99. And like the cosmic crack dealer they are, you better believe they are hoping to hook you on that first taste. I'm not sure what the driver is for dropping the price point (end of the print run? 3 years old?) but we can all be glad it's there.

In addition to their anthology business, Night Shade also makes a point of using eBook promotions to expose some of their newer authors to the hungry masses [at least for some eBook readers]. Recently, Brad P. Beaulieu's The Winds of Khalakovo and Will McIntosh's Soft Apocalypse were given away for free for Nook users as part of Barnes and Nobles' Free Friday Program. While one can argue that those downloads mean fewer sales, there's no denying that 77,229 extra copies of The Winds of Khalakovo in the wild will generate a lot of interest in a format that can't be easily lent to other readers. Not to mention the boost it should give to the second volume. 

Here is a sample of a few of Night Shade Books' more attractive deals. Sadly the free Nook giveaways have since ended.


Pyr

As Tim O'Reilly so aptly put it "the problem isn't piracy, it's obscurity", a motto which Pyr Books really took to heart. Like NSB, they know all about the power of selling something for free-ninety-nine. In fact they make a point of it, hoping to make up the difference when you return to finish one of their many multi-volume series (at full price). It's a great strategy and one more publishers should pursue, particularly those that typically traffic in long epics. Extended series have enough barriers to entry as it is, they don't need you counting your pennies before you jump into a ten book tale. Speaking of jumping in, you can try Kay Kenyon's Bright of the Sky or Joel Shepherd's Sasha right now for no risk.

If I published eBooks, once a series went to three books, I would give the first volume away for free (or close enough to not matter). No exceptions. And then watch my backlist sales climb as the new readership returns to the characters they've become invested in. Assume you've got 5 books in a series for $5 a pop - would you rather sell 0 books for $0 or 5 for $20?

Here's some of the goodness Pyr's got going for it at the moment.

Bright of the Sky: The Entire and the Rose, Book 1 - Kay Kenyon - FREE
Sasha: A Trial of Blood and Steel, Book 1 - Joel Shepherd - FREE
Empire in Black and Gold: Shadows of the Apt, Book 1 - Adrian Tchaikovsky - $1.99

[Side Note:  Empire in Black and Gold costs $9.59 on the Nook! And Bright of the Sky isn't available. Are you kidding me?]



Now at this point, I'm sure you're thinking that I've finally lost it - that I'm nothing more than a glorified publicity machine for "Big Book." Don't worry, I haven't sold out, I'm just completely selfish. Every book that I can help sell is another step toward convincing publishers that $1.99 is a price point that works. Which is good for me all of us. And by "all of us," I mean readers.

Authors, publishers, and distributors? Not so much.

So get to it, my expendable minions much appreciated readers. Are there any other publishers up to sales shenanigans? And what's this I hear about 99p eBooks across the pond?

Oct 20, 2010

eBook eConomics: 3 Tier Pricing


I'm starting the eBook eConomics series off with a rather simple strategy, not that different than the traditional model. I'll save the crazier stuff for later.

 
 
 
eBook eConomics 1: The 3 Tier Pricing Model

 
The Proposal: Create 3 tiers of pricing.

Tier 1 corresponds to the HC edition, marked down 50% from the cover price, between $10-$15. Be honest, when was the last time you bought a HC for list price?

Tier 2 is the Paperback edition, marked down to 50% from the inevitable $10 MMPB price to $5 flat. This would be available when the PB edition is released.

Tier 3 is the end-state version. Price drops again, this time to $2.  You could determine the Tier 3 event in several ways. You could wait until the MMPB run goes out of print. Or you could wait the same time between HC and PB releases. Or wait until the book sold X number of copies. Or keep a set number of books at each pricing level before moving them to the Tier 3 price.

Advantages:
  • High starting price will allow publishers to recoup the editing, marketing, and formatting costs.
  • Low final price shares the reduced distribution cost with readers
  • Low "long-tail" price will keep readers buying older books
  • Readers will be more likely join longer series due to low buy-in costs
Disadvantages:
  • High initial eBook prices don't subsidize the buy-in price for eReaders.
  • This approach could negatively impact backlist sales of paperback editions
  • Final price point would necessitate additional negotiation for royalty distribution.
  • Doesn't deviate from the traditional pricing model much
Verdict: Probably one of the most realistic approaches, especially if publishers are willing to trade high prices for more backlist sales. I know I would buy a lot of backlist books (particulary Hugo and Nebula award winners) if they were more affordable.
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