There are a few huge factors that contribute to the copious
amount of ebooks sold and downloaded over the last year.
Not exact matches
The publishers said they will «use a formula based on the number
of states participating and the number
of eBooks sold in each state» to determine
amounts due, but did not specify how consumers will be reimbursed — by check, a discount on future purchases, or some other mechanism.
There's an insane
amount of competition for consumers» attention, and only the luckiest, most heavily promoted, and best
ebooks will
sell in large quantities (by large quantities I mean in the hundreds or thousands; again a reason why publishers, in my view, should not be spending a lot
of money creating and distributing
ebooks if they expect a return on investment on most
of their books).
I don't know
of one author that we haven't reverted when the license was up, assuming we were out or low on stock and only
selling minimal
amounts of ebooks.
Not all publishers are pleased with the resulting income from their
ebooks however, especially given the
amount of marketing it takes to
sell each individual
ebook.
Statistically they don't
sell a copious
amount of eBooks, recently leaked investor slides show that in North America they are listed in the «other» category, which represent less than 4 %
of eBook sales.
Amazon is one
of those companies that never divulges specific dollar
amounts or how many
eBooks they have
sold.
I don't know why anyone in their right mind would rather
sell an
ebook for $ 19.99 instead
of $ 9.99, because Amazon offers twice the royalty
amount for
ebooks priced between 2.99 and 9.99, and lowers that royalty for
ebooks priced beneath and above that range.
Kobo controlled 50 %
of the entire market and was the only company
selling e-readers and
selling a copious
amount of ebooks.
And there is also fact that licences
of ebooks can be depleted - resellers have time limited license or have finite
amount of copies they can
sell.
eBook lending clubs have been around the last three years and many
of the websites have been
sold due to the sheer
amount of users attracted to Amazon Prime.
Prior to the Department
of Justice investigation, the «wholesale model» allowed retailers to purchase the
ebooks from the publishers and then
sell them for any
amount they chose, even if it meant taking a loss on the digital books.
Under the agency model — one
of the factors that led the investigators to believe that anti-trust violations had taken place between Apple and five
of the Big Six publishers, including HarperCollins — publishers get to set the price
of ebooks, rather than retailers; under the previous wholesale model, retailers could purchase books directly from the publishers, then turn around and
sell those titles for any
amount, even taking a loss on the books in order to boost sales
of other products.
What it means is that if your
eBook sells for $ 9.99 U.S., to net the
amount that you currently receive, you will need to increase your retail price approximate $ 2.00 in your European pricing... Read on: From Amazon: «This is a follow - up mail to remind you
of the...
So you might need to
sell three or four copies
of an indie
ebook to equal the dollar
amount of one hardcover.
You make the same
amount of money no matter what they
sell it for, so if sales help people decide to buy your
eBook, that's a good thing!
There is still an imprimatur
of quality from going with a traditional publisher, and you may well
sell more copies, particularly in physical, but you are giving a vast
amount away for that: probably well over 90 %
of the list price
of the physical or
ebook.
I've felt for a long time that what authors (agents) should work toward is a fixed
amount - per - copy -
sold as an
ebook royalty and just get out
of the percentages business on
ebooks, which, as we know, can have their prices change on a frequent basis.
Crunching the numbers, I can
sell more
ebooks in a shorter
amount of time than a Big 6 publisher can
sell hardcover, s paperbacks, audiobooks, and
ebooks, all combined.
I've compared the number
of books I've
sold through the Big 6, with their marketing machine behind me, and the
amount of ebooks I've
sold on my own.
When agency happened (2010), they started to offer indie authors what
amounted to agency terms: 70 percent
of the
selling price for
ebooks.
«Finally, publishers are putting up front huge
amounts of money for trade books and on the back end the game is changing from shipping 100,000 units at $ 15 net (which we count as income) to now shipping 75,000 and
selling ebooks one at a time at net $ 10 with no up front payments.»
I am all for amazon
selling whatever for whatever $
amount they want — but they are not involved in how much the content COST the publisher (how much the author is being paid) J.K Rowling's latest or the newest in the DaVinci code series may cost a publisher considerably MORE$ $ than average (in advances or per copy royalties or % royalties) and Copyediting a 1000 page book costs more than a 400 page one — Amazon isn't just saying that they want to
sell ebooks for no more than $ 9.99, they are saying they want to pay no more than (whatever %)
of $ 9.99 per copy
sold.
«Ownership's a big thing in e-reading and I've been
selling a modest
amount of my
ebooks as DRM - free PDFs via Great Beast for the past few years, but I've got a sneaking suspicion that this move from Comixology will hit those direct sales.»
I mean seriously, it's been shown that authors can make serious
amounts of money from
selling cheap
ebooks themselves.
For example, with Goddess
of Vengeance, I think we
sold an equal
amount of hard covers and
eBooks.