Quote:
Originally Posted by JSWolf
Before agency, there were some eBook stores competing very well with Amazon. Fictionwise and BooksOnBoard were two of them. They had business models that competed very well. I know a lot of (then) MR users shopped at Fictionwise and BooksOnBoard. I was one of them.
eBook sales are dropping because of the high prices. Back before agency, eBook sales where doing well and rising. You have to find a sweet spot between price and profit. Agency is not doing that. Agency is going higher then the sweet spot.
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Fictionwise was purchased by B&N in 2009, before agency pricing was implemented. You keep repeating this narrative and I keep pointing out that it not only is not true, it can't possibly be true.
Amazon had over 90% of the ebook market by the end of 2008. No, these ebook stores were not competing well. You liked them because you could buy cheap books, but that doesn't mean they had viable business models to compete with Amazon.
You only make money if you can buy goods for less than you sell them for. Discount book dealers made money because they were able to buy books at a discount as publishers and other book sellers were clearing room for the next wave of new books. They also kept cost down by being a bare bones bookstore. This dynamic doesn't occur with ebooks.