Quote:
Originally Posted by Steve Jordan
The ease of production has absolutely no bearing on the cost, because the value is not in the production... the value is in the literature, and I have the right to choose what value to place on my literature.
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Well, that's a bit wrong. You can set a "price" at which you want to sell your IP.... however it's value is technically what the market will bear. If you set the price at $300 a copy, that's not it's value if no one buys it.
The cost of your producing the book minus the revenue you get from selling it is your profit. Of course the US government as far as I know puts no value on the time that went into creating your book since you can't expense it. Unless I did something wrong... I reported the royalty checks from my publisher however I wasn't able to deduct my expenses (time spent researching/writing/editing) the book. However, I was able to deduct the expenses to provide the office, pay for software, paper, etc.
BOb
EDIT: I always laugh at those TV commercials where they say, "ALL THIS (stuff thrown in with the sale) FOR $19.99... That's a $200 'value'" Wait, no it's not. If I can get if for $19.99 then it's value is $19.99.