Thread: Warning -- Take Your Books Off Kobo Now!
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Old 04-13-2011, 10:40 AM   #10
MartinC
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Join Date: Feb 2011
Location: Dorset, UK
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Quote:
Originally Posted by LeeGoldberg View Post
If you are using Smashwords, go there right now and OPT OUT of having your books distributed to Kobo, the ereader used by Borders, Chapters, etc.

Today Kobo, without my knowledge or consent, has slashed the prices on a bunch of my ebooks from $2.99 down to $1.99 and 99 cents....and Amazon has followed suit. This is going to literally cost me thousands of dollars this month.
How many thousands of dollars were you making at $2.99?

I'd be inclined to leave the books with Kobo for a couple of months to see what difference the new price actually makes. From what one hears, the 99 cent strategy works well for many people.

As for Amazon, it has always been the case that they would drop their price if they found themselves being undercut. Their terms and conditions give them complete control over the retail price.
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