Using this self publishing checklist will also keep you from making many of the rookie mistakes common among first-time self publishers. Following this proven process will help save you a lot of time, money and frustration. I can loan it out to friends, showcase it on my bookshelf and I truly own it.Every author should use this detailed Self Publishing Checklist when publishing an ebook on Amazon Kindle. Now the opposite is true, it’s more cost efficent to buy the hardcover or paperback. I was a huge evangelist on buying digital and paying less than print. The entire reason I started to buy e-books was to save money. Publishers keep saying that they do not see a correlation between the high cost of ebooks and the overall decline of ebook sales. In 2016 ebooks experienced a decline of 14% and in 2017 they plummeted another 10%. They lump audiobooks and ebooks into a single digital category and the only the only they say is the decline in ebook sales were not as pronounce because audiobook sales have dramatically increased. This is because year on year they have declined since 2015. Publishers do not report on ebook sales anymore during their financial report. 12% said that the price is right, but they would not buy ebooks if the price increased even further and 8% said they no longer buy ebooks and exclusively borrow them from the library.
65% said they wanted ebooks to be cheaper and they are too expensive. Good e-Reader recently conducted research and polled over 1,200 people on ebook pricing. Interested in checking out the new David Baldacci novel The Escape? You can purchase the Kobo digital edition for $14.99 and libraries are gouged $106.00. John Grisham’s Grey Mountain costs $15.99 for anyone wanting to buy the Nook version, but libraries pay $85.00. The new Michael Connelly novel Burning Room costs $14.99 on Amazon, but they are paying $106.00 per copy. The Toronto Public Library have been providing some very illuminating figures that really drive home how expensive ebooks really are. This has resulted in the e-book cost increasing over 800% and limits on the number of checkouts being imposed. Very early on, publishers realized that e-books do not have as much legal protections as physical books do, because they are considered a service and not a product. Your local library is also paying more for ebooks since agency pricing was implemented. Even when you buy a physical book, you’re paying mostly for those services, not the actual paper and cardboard. I also think a professionally-produced ebook still costs the same to write, edit, revise, proofread, advertise, promote, make cover art for, get reviewed by lawyers for potentially-libelous content. This is why a new ebook almost costs as much as a hardcover and is normally more expensive than a paperback. Publishers count on hardcover sales to recoup a large part of their production costs. Why are ebooks so expensive? I have a theory that publishers are afraid that cheap ebooks will steal sales from newly-released hardcovers. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 copies of that same book at $9.99. “For every copy an e-book would sell at $14.99, it would sell 1.74 copies if compared at $9.99. “When the price goes up, customers buy much less,” the Amazon Book Team noted. “E-books can be and should be less expensive.” “With an e-book there’s no printing, no overprinting, no need to forecast, no returns, no lost sales due to out-of-stock, no warehousing costs, no transportation costs, and there is no secondary market – e-books cannot be resold as used books,” the company wrote.
When the company was very publicly battling Hachette over a new contract in 2014, they made some very critical remarks. This has led to an average increase of $5.00 per title and many people find that paying $15.00 to $22 for a Kindle book, is too expensive.Īmazon is certainly not a fan of higher e-book prices. The primary reason for this is due to Amazon not being able to set the digital price anymore, the publishers are doing that. Over the past few years the US ebook market has decreased by over 24% year on year and print sales are on the rise. This allowed Kobo, iBookstore and Google Books to flourish. This all changed with the advent of agency pricing where publishers determined the price of the ebooks, instead of retailers. One by one they all closed down because Amazon has been able to offer steeper discounts, offering readers incentives to buy the cheapest books possible.
There used to be a fair number of choices, such as the Blinkbox Books, Sony Reader Store, Diesel eBooks, Txtr and a myriad of others. The online bookstore landscape has changed dramatically in the last five years.
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