How much is an ebook worth?
The debate came to a head when publishing expert Michael Cader wrote that, in a nutshell, people who can afford to buy ereaders can afford to buy ebooks at just about any price.
And that's the kind of mindset that makes me feel the publishing industry needs a smack over the collective head.
Following that argument to its logical conclusion, people who drive BMWs should pay more for gas than those who drive Hondas, and those with larger houses should pay more for the IKEA furniture they use to fill those homes.
In other words, it's a completely bogus manner of determining prices.
One of the reasons I bought my Kindle is because I buy a LOT of books. And it didn't take me long to figure out that books are cheaper in the ebook format. Therefore, I can save money in the long run, and buy many books.
Now, that's not to say there aren't some down sides. Just this weekend I bought another copy of "Neverwhere" because I realized that discussing it at my book club in the ebook version, as opposed to a paperback that I can skim through immediately, would be a pain. And while the portability of the Kindle, and its huge storage, has made it invaluable while traveling, don't think I haven't noticed the high incidence of typos and troublesome formatting.
And here's the salient point of The Consumerist article:
"Maybe a customer can pay more for a digital book, but why should he? Currently, nearly all the value of the ebook format comes from the device, not the publisher. Portability, frictionless purchasing experience, syncing across multiple registered devices--all of that is provided by the device and the retailer's back-end."
Hear, hear.
(Photo by foxumon on stock.xchng)








Comments
The publishing industry just doesn't seem to get it. I wish they would read the Amazon Kindle discussion forums and learn about what their customers are thinking. There's a good article, "Math of Publishing Meets the E-Book" by Motoko Rich on NYT.com. Dated Feb. 28 but not sure when the print version was published. Anyway, here's the link:
http://www.nytimes.com/2010/03/01/business/media/01ebooks.html?hpw
Posted by: Gail Farrelly | March 1, 2010 2:19 PM
Pretty shoddy, for the product of a newspaper, to work from a secondary source that misrepresented what I wrote and then extrapolate, incorrectly, even further!
In a nutshell, the "nutshell" you cite above is false--most particularly the "at just about any price."
The simple, salient facts are:
* brand-new hardcover bestsellers will cost $12.99 in general, instead of being sold at a loss subsidized by the $200 to $400 paid to the device manufacturers
but also
* To say the "value" comes from the device is absurd, and an insult to the authors of those LOTS of books you buy. The value is in the work. If there aren't books available in e-form that people want to read, the device is useless.
Posted by: Michael Cader | March 1, 2010 4:20 PM
I agree that you really have no idea what you're talking about if you think that publishers and authors provide no value.
Buy your ereader but just don't turn it on. See how useful it is.
Posted by: Shem Cohen | March 11, 2010 11:42 AM