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But there will be coupons. Provided by the authors for use on Smashwords. Honestly, how many of you use a kobo 20% off coupon to buy a smashwords book? You save it for something expensive. The more effective coupons for smashwords books are the ones direct from the authors, and they will still be available.
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Wow - you have no way of knowing any of that. Besides, when people are asking about coupons they are talking about general coupons that apply to all books on a site. And no, I don't save the coupons for expensive books, unless they are 50% off are something. I don't buy expensive books, period.
Yes, it is agency pricing. The agency part refers to telling the retailer how much they can sell something for. It doesn't matter if it comes from the author or the publisher. Better solution? Wholesale model: You deal with the retailer as to how much you will receive for each book sold - a set price or percentage of the book - then they are free to sell it for whatever they want and you will still get the same price.
No problem, thrawn-aj!