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Well, thanks Wayrad. That at least confirms I've gone along the right track.
As far as membership is concerned I did some calculations.
There's a 15% discount, plus (as far as I understand) you get 1 book up to $10 free. Assuming the free book chosen is $8, then instead of paying for it, and getting a 45% micropay rebate... it would be full price book instead of one with an (effective 22.5% discount) which means the book at $8 really would cost $6.20. So for a one year "sub" of $30, you get an immediate 6.20 back. Meaning the balance of 23.80 would have to work out over the year. Again assuming a 22.5% average discount through micropay, the 15% discount is actually 11.625% (because your micropay rebates are from the 15% discounted price, not from the full price). That means you would need to be buying $204 of books for it to be worth it. Again at an average price of $8 that would mean 25 books across the year.
For me that's definately not worth it. I may well read a book every two weeks. Sometimes I read more... in the past two weeks I've read 15 books, but I was on holiday. I expect that I read a book every 3 weeks, and an extra 20 on holiday so I probably read around 40 books in a year. I very much doubt that they'll all come from Fictionwise...
I have not accounted for their large purchase discount, which would make it more worthwhile to buy from them. If I was going to buy 100 of books in one purchase then I'd receive an extra 5% discount (it's 10% in micropay, which is worth 5%) so that would nudge it down a little more...
Even still, the savings to be made from the club are so small that it's not worth tying myself to fictionwise.
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