WalMart might decide to start using
books as loss leaders.
I suppose you could consider your first few
books as loss leaders, losing most of your rights, but that's hardly an attractive option.
That way you use the advertised
book as a loss leader in the hopes that readers will buy the other books in the series.
They proposed that indies use one
book as a loss leader and forgo immediate profits for long term ones.
They use
books as a loss leader to sell electronics, bicycles, groceries and hundreds of other products.
LO: Amazon is definitely using
books as a loss leader.
I also recognize the fact that Amazon is a gigantic corporation — and perhaps even one that is using
books as a loss leader for other products — and there are risks of having a lot of market power concentrated in the hands of single entity.
Not exact matches
Where 99 cent novels seem to be the way to go on Kindle, Kobo doesn't use
books as a «
loss leader» — eBooks are the ONLY thing we sell, and our prime real estate needs to be dedicated to
books that we can actually earn money on.
That's a problem for
book publishers, considering e-books are the fastest growing segment of the publishing industry — and Amazon has a reputation for driving down the cost of e-books, treating them
as loss leaders as a way to sell more Kindle devices.
I already touched on the idea of using a free ebook (a short story, a novella, or even a full - length novel)
as a
loss leader, the idea being that you can sell more of your other
books by giving away free samples.
At 30 - 60 cents, it's always felt (to me) that you can get more out of giving the novel away for free (basically using it
as a
loss leader to encourage sales of other
books, an established and effective technique for many authors publishing series).
Another strategy is leave the first
book perma99cents to serve
as a
loss -
leader and price
Books # 2 - infinity at full price.
Also, your
book is really a «
loss -
leader» to generate more profitable spin - off products, such
as speaking engagements, audio and video teaching products, teleseminars, coaching, etc..
The next major tactic was «permafree», or leaving the first
book in a series permanently free,
as a full - time
loss leader.
Sometimes, authors choose the no - DRM option because an author might use this piece of work
as a
loss leader, or to get the
book into the public market no matter what.
The alternative,
as you say, is to basically accept the paperbacks
as loss leaders and advertising items that float around, taking that 24 cents and just being glad that
book is out there.
The first
book in a series, or some short stories,
as a
loss leader to try to increase your reader base, maybe.
I keep my first
book in a series priced at 99 cents
as a
loss leader.
Just a note on Option D. From my experience (five
book series, first is perma - free), there's no need to price Book # 2 to $.99 as a secondary loss - leader to tempt readers into the ser
book series, first is perma - free), there's no need to price
Book # 2 to $.99 as a secondary loss - leader to tempt readers into the ser
Book # 2 to $.99
as a secondary
loss -
leader to tempt readers into the series.
Yes, they might make the latest Big Name Author
book 99 cents
as a
loss leader — but those
books are already selling well, even in an indie - dominated ebook world like we have right now.
Therefore, when offering a
loss leader, make sure that your
book IS a
loss leader â $ «write at least two or three ebooks before you offer one for sale
as a «taster.»
The slim profit margins of
books; the problems of bookstore returns; the quandary of Borders closing and Amazon forever selling
books as a
loss -
leader; how to make people actually pay for content, and so on... And yet.
As an author you just have to work with the market as it stands, so the average first time fiction author, taking the business minded approach of making your first book a «loss leader «can go along way to building momentum and your readership in the first year or so of being availabl
As an author you just have to work with the market
as it stands, so the average first time fiction author, taking the business minded approach of making your first book a «loss leader «can go along way to building momentum and your readership in the first year or so of being availabl
as it stands, so the average first time fiction author, taking the business minded approach of making your first
book a «
loss leader «can go along way to building momentum and your readership in the first year or so of being available.
But are they really killing a huge cash cow (from their point of view), or is the whole
book - selling business simply running now
as a
loss leader to get consumers buying * everything * from Amazon?
With regard to
books, in Amazon's new subscription business, there are apparently some
books that Amazon offers on subscription basis where each download is automatically credited
as a sale; these are effectively
loss leaders for Amazon
as it attempts to build that market and its market share.
First, if you already have a fan base or your new series ties into an old one, you might not need to make the first
book a
loss leader,
as they say in the biz.
At the other end of the spectrum, that's not to say that
loss leaders such
as free
books aren't welcome!
In particular, this lets retailers sell
books for less than they paid,
as loss leaders.
It's also why I figure Amazon is even more willing to be a
loss leader with
books as long
as they get that Prime - enabled tablet into
as many hands
as possible.