Quote:
|
Fictionwise's customers did great before agency prices started to kill them--you bought Micropay dollars, and they'd regularly have discounts like "Buy this book, get half its value in $MP added to your account." So it's "buy one, get one half off"--but you can decide on the half-book later. And then that money is already there in your account, so you've got an incentive to browse through the store.
|
FTFY.Fictionwise sold out to a bigger, richer bookstore a year before agency pricing.That is not a sign that it was doing great.
One of the side effects of this lawsuit is that we will be getting some solid info on bookstore revenues and profits . We'll learn how well FW and other bookstores were doing .