Are Books Too Expensive?

By Steve Jurvetson (Flickr: Bezos’ Iconic Laugh) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

By Steve Jurvetson (Flickr: Bezos’ Iconic Laugh) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Jeff Bezos, Amazon CEO thinks so. In a Business Insider story this week, Bezos argued that $30 is too expensive a price to pay for a book that is competing with content that includes not only other books but also blogs, video games and phone apps that are either free or cost far less.

This was one of the issues behind Amazon’s recently resolved conflict with Hachette. The pricing of e-books on Amazon’s Kindle has driven this push for low price points.

I find myself torn as I consider this. I totally get Bezos’ article as a consumer. I almost never pay anything close to $30 for a single book, unless it is an expensive reference text. The other night, we walked out of Half Price Books with four books and a CD that we purchased for about $20. I also recently sold a huge box of books back to these folks and netted $12. Both what I paid and what they paid me gives a truer idea of the value of a book on the market. You think cars depreciate when you take them off the lot? That’s nothing compared to books!

Now I realize that this isn’t the whole picture in terms of the worth of a book. There are physical books that we like to keep, especially those to which we return again and again over our lives. Sometimes, the illustrations and typography in a physical book, even the feel of the paper and cover justify the expense. But is that the case with the latest Janet Evanovich or John Grisham thriller? Most people read them and get rid of them, unless they are thrifty enough to borrow them from the library. These are ideal Kindle books at a low price point–you can read and archive them without them taking up any physical space and without the bother of returning or giving  or selling them.

Where I’m still torn is when I consider the role publishers and their editors can play in identifying and improving and marketing a good book. Already, writers and their agents are absorbing an increasing burden of the marketing. Editing is being outsourced to freelancers, some who might be quite good. All of these cost money and the only way to recover that cost is in the book. What I wonder is what the effect all this will have on quality? Will lower prices mean lower quality?

What I do see is that many good older works are available in e-book format at bargain prices, at least from time to time. Many of these disappear from the shelves of book stores and e-publishing and lower prices give these books a second life, and perhaps some additional revenue to the author and publisher they might not have otherwise enjoyed. Bezos’ Amazon has also allowed self-published authors to get their work out, some with considerable success who could never get their books published or had contracts with publishers where they received little or nothing. A good account of this can be found in a recent Salon article that consists of a dialogue between Rob Spillman, a Salon writer critical of Amazon and Joe Konrath, a self-published author who attributes his success to Amazon.

One upshot of all of this, I believe, is that one way or another the cost of quality will be off-loaded to the author and not all will be willing or able to meet this cost. I do think we will see more poorly edited books and those that are badly formatted for e-publication. I also wonder whether some great writers will get overlooked or discouraged because great writing and the entrepreneurial skills to get published and seen may not come in the same person. Even the self-published route has its costs as this PBS story shows.

My hunch is that quality isn’t a big concern either in the industry or for consumers. Rather, it is a matter of finding a page-turner, fiction or non-fiction, that will be a mental diversion when I don’t want to watch a video or play a game. Niche, indie, and academic publishers will still care about quality while struggling to survive. I do hope we will continue to see new authors of quality whose work is served well by the editing, typography, and layout of the book, whether in print or e-book. I can’t help but think that for this, we may need to be willing to pay more, even the $30 Bezos suggests is too much.

 

 

Is Amazon Good for Books?

That probably seems like a no-brainer if you are a reader. Of course Amazon is good for books! I can find practically any book in print in the universe on Amazon.  Why wouldn’t Amazon be good for books?

Then consider all the authors who are self-publishing or whose work is being picked up by Amazon Singles or other Amazon publishing ventures. Isn’t this good for aspiring writers who get overlooked by the Big Five publishers?

George Packer, in his current New Yorker article “Cheap Words” isn’t so sure. It is a long article that traces Amazon’s history from its initial beginning as an online bookseller to the present day. Several things I gleaned from the article:

1. Fewer people are reading and bookselling must market as efficiently as possible to those of us who tend to read lots of books.

2. Amazon’s pricing and the percentage it takes on each sale is squeezing publisher profits more than ever even while publishers are becoming ever more dependent upon Amazon as their primary outlet for sales.

3. Amazon’s e-publishing (Kindle versions of works from other publishers, self-published e-books, and Amazon e-published materials) is tending to foster the notion of books as things of little and ephemeral value–“widgets”.

Some publishers are trying to respond with their own efforts to “direct online market” both print and digital content. But generally, they’ve been way behind the curve on this and Amazon is still a major source of sales these publishers can’t ignore.

Packer concludes with observing that the major publishers, as well as smaller houses have been a form of “gate keeper” for quality content. He acknowledges that this is admittedly elitist. The question arises however of what will happen to quality should Amazon be the only significant gate keeper left?

A few thoughts of my own. I wonder if there may be some form of self-correcting mechanism that will come into play here.  Will Amazon be forced to work out better pricing structures with publishers so they don’t “kill the goose”? Will publishers be forced to become more competitive in looking for promising talent? And will publishers develop more direct alliances with their customers? It may be that smaller houses might be especially nimble in developing ways to reach their target markets without being so reliant on Amazon.

What strikes me is that there may be room for creative entrepreneurship in the publishing industry. Frankly, those of us who love good writing better hope so–and be willing to reward the innovators with our trade.

 

Publishing Trends: The Kindle Single

One of the publishing trends that I’ve become aware of since I’ve had an e-reader is that of the Kindle Single. This is what we might in the past call a short story or essay or reporting piece. The challenge for these short pieces is that up until now, they have generally not been stand-alone pieces. They appear in anthologies or magazines or sometimes in a collection of pieces by that author. Publishing the piece all by itself just hasn’t generally worked.

The Kindle Single ranges from 5,000 to 30,000 words, can be in one of a number of genres, and either can be an already published work on the Kindle platform or one considered for publication as a Kindle single. Kindle’s editors make selections. Authors, if selected receive 70 % royalties on publications priced between 0.99 and 4.99. Here is Amazon’s Kindle Single Submission Policy.

It seems to me that this opens up a new avenue for authors to get their work published, and known of itself–not lost in a journal or anthology. It also affords publishers the chance to publish authors without the laborious process of writing and editing a full length work, or waiting for there to be a collection of short stories. The site Good E Reader notes that Penguin and Random House are now publishing short stories in this format and that all this may lead to a renewal in this form of publishing.

I’ve not dipped into this area yet. I would be curious if readers have found some good short stories in e-published form? And if any writers come across this, has this been a way to get your writing out, and more importantly, have you seen many sales?