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#166 | |
Bibliophagist
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Karma: 169098492
Join Date: Jul 2010
Location: Vancouver
Device: Kobo Sage, Libra Colour, Lenovo M8 FHD, Paperwhite 4, Tolino epos
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The major difference is that in every definition of a lost sale I've ever seen, an attempt to obtain the product is needed before you can call it a lost sale. Anything else is window shopping. I love looking at information on high end cars. Am I ever going to buy a Chiron? Not in my wildest dreams. Does that mean Bugatti considers me as a lost sale? ![]() ![]() ![]() Though I did get to see a Veyron up close and personal once. Just for a chuckle, take a look at the 5 pages of costs for various emission control repairs on a 2014 Veyron in the attached pdf document around pages 44-48. |
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#167 | |
Wizard
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Karma: 22003124
Join Date: Aug 2014
Device: Kobo Forma, Kobo Sage, Kobo Libra 2
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Of course for the purpose of the post that started this, Jon did make an attempt to gain the goods in question. That attempt was successful. It also gained the publisher no sale. So even using your definition limited as it is, that constitutes a lost sale. |
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#168 | |
Karma Kameleon
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Karma: 26738313
Join Date: Aug 2009
Device: iPad Mini, iPhone X, Kindle Fire Tab HD 8, Walmart Onn
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The price they are choosing is VERY LIKELY the price that brings them the greatest revenue. Or close to it. Or "over time for most of the books they sell". To not believe that is to believe that these people don't know the very most fundamental thing about their business. |
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#169 | |
Karma Kameleon
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Karma: 26738313
Join Date: Aug 2009
Device: iPad Mini, iPhone X, Kindle Fire Tab HD 8, Walmart Onn
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Now I don't like paper books at all. I vastly prefer the ebook. So I buy the ebook. I buy the ebook at whatever price they are charging without any thought to the other versions. If I want to buy cheap books, there are plenty....more than i could ever read. Amazon has me pegged and sends my Facebook ads and email ads that have me buying books I'll spend years getting around to finally reading. They are $1 to $3 usually. Sometimes $1 for a book SET! But, when Orson Scott Card, Tom Clancy (or rather those extending his series'), David Weber, Patterson and the like put out a new book in my favorite series....I just buy the ebook. It's WORTH MORE to me than the paper book. It's worth more to me to read "right now" than waiting for the price to come down. |
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#170 | |
Wizard
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Karma: 22003124
Join Date: Aug 2014
Device: Kobo Forma, Kobo Sage, Kobo Libra 2
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I dunno maybe there's a better known phrasing by people who have studied economics or something? ![]() |
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#171 | |
Grand Sorcerer
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Karma: 70314280
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
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Sometimes people forget that there are two halves of the supply/demand curve. You don't make money by selling below cost. Writing good books is one of those things you can't really outsource to some cheap 3rd world country were people live on a dollar a day. |
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#172 | |
Interested Bystander
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Karma: 19728152
Join Date: Jun 2008
Device: Note 4, Kobo One
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Currently eBooks from major publishers is a fixed market, as retailers cannot discount. That is how it used to be in the UK for pBooks: https://en.wikipedia.org/wiki/Net_Book_Agreement When the NBA fragmented, and was eventually ruled to be illegal, book prices fell, and sales increased. For pBooks there was potential for negative effects from abolishing the NBA, such as pushing out smaller retailers and the free-rider effect, where someone might browse books in one bookstore but buy in another, cheaper one. With major publisher eBooks there are no smaller retailers, the market is dominated by a few large players, because those are the only ones the publisher allow to sell their books, and free samples are available, so what are the arguments in favour of fixed pricing? The current system has retailers effectively acting as agents for the publishers, selling for a fixed price and working on commission, rather than acting as independent operatives. Last edited by murraypaul; 10-25-2019 at 06:14 AM. |
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#173 |
Readaholic
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Join Date: Sep 2011
Location: South Georgia
Device: Surface Pro 6 / Galaxy Tab A 8"
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I own a Jewelry Store. To continue to beat a dead horse, if a customer comes in to have a new battery installed in their watch that is a battery sale. If I unsuccessfully attempt to sell them something else, that they have no interest in purchasing, it is not a lost sale. If they come in wanting to purchase a ring and I can not sell them what they want, that is a lost sale. Not everybody who walks into your store or website is a lost sale. You might as well claim that everyone who drove by my store, saw my sign, and did not stop is a lost sale. A sale is lost only when you are unsuccessful, for what ever reason, in closing a sale to a person who was planning on buying.
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#174 | |
Wizard
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Join Date: Aug 2014
Device: Kobo Forma, Kobo Sage, Kobo Libra 2
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I can not think of a single issue that would arise from this sort of arrangement. By the by it’s not that the publisher refuses to allow more retailers in on selling their books. It’s that other retailers have found its impossible to compete with companies and still make a profit off ebook sales. |
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#175 | |
Resident Curmudgeon
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Karma: 146391129
Join Date: Nov 2006
Location: Roslindale, Massachusetts
Device: Kobo Libra 2, Kobo Aura H2O, PRS-650, PRS-T1, nook STR, PW3
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I know there will be more sales at $7.99 then at $11.99. But are those extra sales enough? That is the question. I believe the big 5 don't know their business. If they did, they would not have gone agency in collusion with Apple. Last edited by JSWolf; 10-25-2019 at 12:34 PM. |
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#176 | |
Resident Curmudgeon
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Join Date: Nov 2006
Location: Roslindale, Massachusetts
Device: Kobo Libra 2, Kobo Aura H2O, PRS-650, PRS-T1, nook STR, PW3
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#177 |
Readaholic
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Join Date: Sep 2011
Location: South Georgia
Device: Surface Pro 6 / Galaxy Tab A 8"
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I do not feel that someone else should be able to tell me that I have to sell something I purchased for a specific price. I actually refuse to by merchandise from vendors that think they can dictate the retail price to me. If I want to give a someone, that has been a loyal customer for years, a discount then the loss is mine not the vendor. The vendor got the price they wanted from me. I will then sell the product for a price that I determine is fair. If I make the wrong decision on price then I am the one that suffers the consequences of my actions.
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#178 | |
Grand Sorcerer
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Karma: 70314280
Join Date: Dec 2006
Location: Atlanta, GA
Device: iPad Pro, iPad mini, Kobo Aura, Amazon paperwhite, Sony PRS-T2
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Apple started agency pricing in the Spring of 2010. Most of the small companies that people point to either were already out of business or had sold themselves. Agency pricing got shutdown by Judge Coe in the Summer of 2013. Amazon had 75% of the ebook market at that point. Within a couple of years Amazon was back at 95% of the market. Guess what, once Amazon didn't have to worry about other eBook stores, they stopped caring about low prices and signed contracts with the various publishers giving them agency pricing. |
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#179 | ||
Interested Bystander
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Join Date: Jun 2008
Device: Note 4, Kobo One
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It applies just as much to shoes, or ketchup, or phones. Whereas we know that fixed price arrangements lead to higher prices. That is why they are almost always illegal, and why the eBook contracts are arranged as agency agreements, because otherwise it would be illegal price maintenance. |
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#180 | |
Wizard
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Karma: 9335038
Join Date: Oct 2010
Location: USA
Device: sony prs-350,Nook HD+, Kindle 2nd gen, kindle keyboard
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One thing that has not been talked about yet. What about the person who reads a library book and likes the author so much they go and buy other books the author has written. Without the library book those sales would not have happened |
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