8 Matching Annotations
  1. Nov 2020
    1. By keeping the price of ebooks high, publishers keep paperbacks as a valid option for readers. That way, the world of physical books isn't under threat of becoming extinct due to ebooks.

      Do you like this reason?

    2. If you're an avid reader, you may know the pain of losing or damaging your books. Ebooks, however, don't share this problem.

      How long do ebooks last?

      Has one of your ebooks ever become damaged?

      Have you ever lost an ebook?

    3. On top of this, ebooks are very convenient for the readers buying them. Buying a physical book involves going to a bookstore and hoping they have it in stock, or ordering it online and waiting for it to arrive. For ebooks, you go to a website, click the "Buy" button, and download the book to your PC or reader.

      Are people willing to pay for convenience?

    4. This constraint is the reason ebooks sometimes cost more than paperbacks. For example, a publisher can list the price of their physical book at $27.95 and the ebook at $20, which is a reasonable 30 percent markdown.

      Explain why ebooks sometimes cost more than physical books.

    5. Unlike with physical books, Amazon has no control over the price of ebooks. If someone has performed the steps required to publish an ebook via Kindle Direct Publishing, they set the price as they please, with no exceptions.

      Do you think this is true for authors who don't have a following?

    6. However, ebooks utilize the agency model when sold. Instead of letting the retailer choose the price, the publisher states what they're selling for. The publisher gets 70 percent of each transaction, and the retailer gets the remaining 30 percent.

      How is the pricing system for ebooks different from the one for physical books?

    7. Everything makes sense when you imagine all of the people who helped make the book who need paying. For one, the author has to get their agreed royalty cut from every sale. From there, the editors, proofreaders, cover artists, and marketers all need to be paid. These obligations don't leave the publisher with a lot of money for themselves.

      Who else needs to be paid besides just the author?

    8. a physical book takes around $1-2 to produce. If this is true, however, then why are they priced a lot more than that?

      Does this surprise you?