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Originally Posted by pwalker8
You made an absolute statement with no qualifiers. In the context of what we are talking about, maximizing publisher profits, I really don't follow why you would assume everyone understood you were only talking about low price buyers. Are you assuming that low price buyers drives book publishers bottom line? I doubt that assumption is true. It's been reported many, many times that best sellers drive the publishers bottom line and best sellers rarely are cheap books.
Any way you look at it, cheap books are very difficult to make money at. It takes a fixed amount of money to publish a book. The figure that I've seen is $50K. Given that the average book sells perhaps 10K-20K copies, then you know how much the average book has to cost to make that back. Add in the author's advance or author's cut, the sellers cut and one quickly sees that cheap books as more likely to lose money than make money.
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And what I quoted:
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People who wait for lower prices support the art less. It’s those folks who pay the new book price during the new book window that bring in the most money that any book is ever going to earn
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No one seemed to point that leebase's statement was an absolute statement with no qualifiers. It is the internet, it is not some legal statement or mathematical proof: if we had to fully qualify every statement, opinion, post, ... it would be a very tedious forum and participation would quickly decline*.
* sorry for not fully qualifying this statement.