Quote:
Originally Posted by fjtorres
Right.
If you happen to find a book *they* want you to buy when you are looking to buy it, you get a temporary lower price. If it's not a book you want, it might as well cost nothing. Or a million bucks.
But if the book you want is not a book they're promoting, tough luck.
We're talking average prices here (what you can expect on any random day) so the price that matters is the "everyday low price" not the lowest ever. After all, if you talk lowest price ever, most KDP titles can go free up to 5 days a month. Which isn't helpful to the discussion.
Outliers and exceptions say nothing about the global trends.
People who *only* buy books on sale (or free) are a very small part of the market. So are the totally-price insensitive. Most people buy (or don't) when a specific book catches their eye and meets their personal pricing expectations. Every person is different...
...but the market as a whole evens out those variations to render its verdict.
Individual titles here and there may be bargains, temporarily or even (for their author's fans) permanently but they are counterbalanced by the titles with declining acceptance. This is particularly true for debut authors whose sales are being gutted by the higher prices. (A topic that is belatedly being "discovered" by tne BPH apologists.)
Right now, the US market as a whole is saying BPH ebooks as a class are overpriced. And it is saying so through the double digit decline going on in an otherwise growing market. And it is saying so through the ongoing boom in Indie Inc sales and the ongoing decline in BPH market share.
Anecdotes aren't trends.
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My only argument with this statement is people that only do free or sales are very sensitive to prices. Also people that will only buy at a higher price are sensitive. Most people fall in the middle.
But then the only thing I willing pay a higher price for is Aunt Jemima's cornmeal.
Note: I collect cookbooks. I have walked away from many that would have been nice to have but I thought the price was too high.
I still remember one flea market guy that had the books marked 4 times what I was willing to pay. He told me I would eventually pay his price. I looked at those books every other weekend for 6 months. He came to realize at that point those books were not what he thought they were worth. He finally said, is your offer still available because there was no interest in that set of cookbooks?
I bought them at my price.
So yes, I have patience unless it is an absolute need.
Oh and it is 5 days out of 90 days not a month on the freebies.