It seems fair that when a publisher sells
a book at a deep discount, the author's take might be reduced proportionally.
This creates a situation where it's actually more profitable for the publisher to sell
books at the deep discount than just above it, since the reduction in the author's royalty more than offsets the amount of the reduction in the selling price.
You can also order your own
book at a deep discount and resale them at list price at various events.
When everyone is forced to sell
their books at deep discount, even the big names, do you realistically think anyone is going to read books by no - names when you can get proven authors at the same price?
Amazon is a wholesale retailer, meaning that Hachette sells them the print
books at a deeper discount than they do retail stores.
You're right to say that a retailer could sell one
book at a deeper discount than their agency cut but then they'll have to make that up by not going deep on the discount for another book.
Not exact matches
They've been selling properties
at deep discounts to already written - down
book values, but
at prices high enough to more than justify today's depressed share price.
I've made a decent profit selling old things I had, valuable
books that people placed in the compactor room as well as some items found
at deep discounts either
at thrift stores or the clearance section.
I've bought manga
at deep discounts at these shows, sometimes as low as a buck a
book.
So if you've been meaning to buy one of my
books, now is the time to get it
at a
deep discount.
If your Kindle
book is permafree, free for a limited time, or being offered on Amazon
at a
deep discount from the normal cover price, we can help you spread the word and get your title the attention it deserves.
Wholesaler Company, group or individual who purchases high volumes of
books from a publisher
at deep discounts and sells them to retailers
at midlevel
discount.
In fact, the first Marvel
book to appear in the Amazon rankings is
at number 25 (they had a few that made the top ten a couple of weeks ago because of
deep discounts).
A further point others have pointed out is that while
book publishers have to sell remainders
at deep discounts, the price of an e-
book doesn't go down with age, as there is no need to get an e-
book out of inventory.
Furthermore
deep discounts do not occur on any sale
at any traditional
book account including those mentioned in the article.
According to my royalty statements, 80 - 90 % of the
books I'm selling through my traditional publishers are
at deep discount.
If you're right — and the
books aren't being sold
at deep discount to Amazon (like they often are to Wal - Mart and other large accounts)-- then where are 80 - 90 % of the
books being sold, and so cheaply?
In the past, several publishers I worked with told me that they were selling
books to WalMart
at deep discount.
Keep in mind that the «
deep discount» clause usually kicks in
at 51 % for
books contracted prior to 2011 or so... and that trade nonfiction (which actually drives this whole conversation — trade fiction is the flea on the tail of the dog,
at least insofar as the money in
book publishing goes, and is the source of every default in publishing) has been much slower to raise that trigger point.
Again, the amount of
books sold
at deep discount is very small and it would be to a special sales account or non-returnable account.
That's a significant loss for
books sold
at deep discount.
Smashwords Read an Ebook Week Catalog - This is the hub of the action, where you find over 75,000 multi-format
books regularly priced
at free every day, and thousands more that are free or
deep -
discounted exclusively
at Smashwords during Read an Ebook Week only.
And yet, I am looking
at royalty statement after royalty statement, most of which are not mine and were shared in confidence, which list almost all of the
books sold
at deep discount — 64 % to be exact.
So if the
book is
deep discounted at $ 5.00 through a
deep discount account, the royalty will probably be 4 %.
Kris, let me add that
books are not sold
at deep discount to WalMart either.
On the
books that you're talking about, what percentage of the print run is
at a
deep discount.
In reality, some
books will be
discounted deeper, and some will be sold
at full list, but an average of 20 % felt about right.
Now, each contract has a
discount schedule, reducing the royalty if a
book is sold
at deep (or what the average person would call high)
discount.
Designed to push print
books... the bonus is that a buyer can get the eBook
at a
deep discount.
Of course, remaindering means that the
books will be sold —
at a
deep discount that probably will only cover printing costs
at pennies on the dollar — so the publisher is getting paid — albeit
at a loss — but the writer is not.
What is significant in people who do buy
books is that
deep discounting on a small number of titles results in distrust because the general public doesn't realise that these
books are being sold
at a loss, and therefore question why other
books are not similarly
discounted.
As a wholesaler, they can do
deep price
discounts on print
books because they buy them from the publisher
at a very low price.
March also brought the first of many requests from entrepreneurial types who wanted to buy the
book in quantity
at a
deep discount for resale
at a profit, a request we politely rejected.
Authors looking to address each aspect of their
book may opt for the comprehensive package — a combination of all three levels of editing plus a critique
at a
deep discount.
Statistics show that a whopping 95 % of bargain readers will purchase a
book from an unknown author if it's offered
at a
deep discount.
Amazon's
deep discounts came
at their own expense, so major publishers were getting 100 % of what consumers spent on their
books.
In a nutshell, I suspect the rise of multi-author box sets, often
at deep discount prices, is probably throwing off the data this year, and as I discuss in the presentation, some of the dynamics will cause it to understate impact of longer
books and some will cause it to overstate it.
I should note that hardcover copies of the Abnormal Returns
book are on
deep discount over
at Amazon, so if you don't have a copy yet now is your chance.
[NB: i) Church House's Argo stake is held by the
Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent
book «
Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a higher GBP / USD rate —
at the current 13.875 p price and exchange rate, Argo now trades
at a 36 %
discount to net cash and investments, and a 47 %
discount to net tangible assets.]