I never crunched the numbers until I released my own travel book, and I found out why kindle books are so expensive: it is about the % Amazon takes. If the book sells reasonably well, or if it seems to have potential for course adoptions, the press might come out later with a less expensive paperback edition. But for us independent publishers, we’re really trying to find the best possible price that makes the books worthwhile to write for us and worth buying for you. Some might say, “Well, if they did not price it so … The Red Book dates back to the early 1980’s when the CD format was first standardized. available in paperback format with the updated covers and updated stories. Why College Textbooks are so Expensive and How to Avoid Overpaying for Them college Just like college tuition, the price of textbooks has increased dramatically in recent years. The book may be a blockbuster contribution to its field, and may even be pretty readable, but if the press does not regard it as a trade book, it will not be marketed and sold as such. The Big Red Book of American Lutherie Volume Three, 1991-1993. The income from libraries is guaranteed. George Whitefield: America’s Spiritual Founding Father, Quiet Subversion After a Chaotic Election, 80 Years Ago C. S. Lewis Warned Against Making Faith a Means to a Political End, Why Those Who Mourn Are Blessed in God’s Kingdom. It is a collection of Colonel Percy Harrison Fawcett's notes and journal entries while he was on an expedition in South America searching for "The Lost City." So that already is affecting how much I get in return. Why? Written by Tom Meitner, your favorite author. It’s a wizard’s book. It still beats going to the bookstore. At the same time, I can charge $2.99 because there’s virtually no overhead. Hallelujah! It is not their fault. Under Amazon’s current system, $2.99 is the minimum price I need to charge for the higher royalty rate. Eventually, they decline unless drastic actions are taken. Because there are production costs involved (paper, binding, ink, handling, delivery), your profit is getting cut into right there. The biggest difference is, you don't have to go through an actual publisher to list your book on Amazon, and that pisses off the paleo-publishers to no end. Part of the appeal is that the down-filled jackets are very high quality and keep people warm. That means higher prices so that publishers can recoup the costs and make a profit. And Amazon takes their cut after this is taken out. If the book sells reasonably well, or if it seems to have potential for course adoptions, the press might come out later with a less expensive paperback edition. Overall, I liked All Systems Red, but I wish it was a longer book. As an individual consumer, the presses simply do not expect you to buy a $70 book. I can sympathize with them. The Red Book: Liber Novus is a red leather‐bound folio manuscript crafted by the Swiss psychiatrist Carl Gustav Jung between 1915 and about 1930. In print format, Framed is a 284-page book. Some might say, “Well, if they did not price it so high, maybe more people would buy it!” This could be true in certain cases, but with the proliferation of books across all genres, the “high price, low sales” model is probably a safer bet for presses to recoup their expenses. Amazon dictates their fees and they dictate the printing costs. Given that choice, I trust we’d all go with an in-print but costly book. Printing too many can leave publishers with mounds of excess inventory that they can’t sell, meaning that they lose even more money on the book. You buy the book, and a copy of the file is sent to your Kindle device instantly. So, how can you tell which emotion red represents in your dream? Students are finding ways to avoid paying sky-high prices Renting textbooks is … Red is usually associated with feelings like lust, courage, passion, anger and fear. So at $12.99, my thought process is that you’re already saving money. It holds special emotional meaning for cultures around the world. If we don’t support such books, the number of sub-$30 books will continue to shrink, until the only choices left are the Dan Browns and Joel Osteens of the publishing world. You can follow him on Twitter. Seriously,why?About 10 years ago books used to be so much more cheaper and better quality!Even the hard covers didnt have a big difference in price compared to soft covers.I've seen some thin soft covers that cost about $40 and dont get me started on school books, its ridiculous. The materials for making a book couldn't have become that pricey since then. for the press to set a lower price! Now, let’s look at the paperback version. It specifies every feature a disc must possess to be able to call itself a CD-Audio disc. But yes, a large book with numerous color plates is going to be expensive partly because it's far more costly to make, ship, and store, and partly because the runs are typically very limited. Any sales above this are just a bonus. It’s virtually the same profit I get from selling the Kindle version. If I charge less than that, my royalty rate is cut down by more than half. First, it is important to understand that no author—or at least no author I know—sets the price of his or her book. It’s actually one of the reasons I don’t buy paper books much anymore. If I go to a bookstore, the average book there costs $24.95. So, roughly 32% of our book's price, or $58, would be used to retribute the salaries of the employees who produced it. In a bookstore, that’s easily a $25 book. The best thing you can do about this problem is to keep buying high-quality books that are within your price range. Sales of academic books have been in slow decline for decades, so a purely academic title can typically expect to sell only to academic libraries and a few specialists in the field—maybe no more than 200 copies. It’s a little lower than what I am getting for my Kindle version. Reducing red meat intake to 350g a week could do more harm than good, Williden said. So as an author I choose between Amazon taking 65% of my book sale price or the cost of delivery ($.01-$7.50) plus 30%. I know this personally, as someone who has at times appealed (begged?) So you're singling out one provider in an industry where everybody pretty much charges the same thing. Why those authors sell the most copies is another topic for another time. In a bookstore, that’s easily a $25 book. Hello, I am wanting to obtain a copy of the book "Exploration Fawcett." The Big Red Book of American Lutherie Volume Five, 1997-1999 $ 45.00 – $ 50.00 Select options The Big Red Book of American Lutherie Volume Four, 1994-1996 $ 45.00 – $ 50.00 Select options The Big Red Book of American Lutherie Volume One, 1985-1987 But we also have to factor in two important differences to the Kindle version. Amazon takes their cut, but the cost of producing and delivering the book is essentially nothing. It recounts and comments upon the author's psychological experiments between 1913 and 1916, and is based on manuscripts (journals), known as Black Books, first drafted by Jung in 1913–15 and 1917. Context is everything in this case. The first words of Carl Gustav Jung's Red Book are "The way of what is to come.". Sold by … Jung’s Red Book isn’t pitched at entry level. And whether you own a Kindle or not, you’re getting as reduced of a price as I can reasonably offer. If your local library does not have it, the best way to get access to those sorts of books is through inter-library loan, an invaluable but underused resource at many libraries. Unless I’m interested in printing them myself and keeping a big box of them down in my basement in hopes that I’ll be able to sell them and make my money back, this is the best option. Related products. The reason behind that price is a balancing act between making money for me and saving money for readers. Again, I try to balance out my prices, but there’s only so much I can do with the print version of the book. A Little Red Bug. But we also have to factor in two important differences to the Kindle version. I owe him a lot. Please make sure all fields are filled out. Because of that, I can charge $2.99 and still have a healthy business model. I have a red light mini from red light man, and I'll be honest, I'm swinging in the dark when it comes to using it, I don't know if it can help. First, Amazon has a different royalty rate for print books. Take Framed, for example – the first book in my Hardwick series. A number of my more recent titles are somewhat less expensive, because the press regards them as “trade books.” Normally, only books that are regarded as having “trade potential”—meaning popular sales—will be priced at $30 or less. An earlier version of this post appeared at the Anxious Bench blog, Patheos. But lately we've seen emerging book collectors with an affinity for the modern, the damaged, the quirky and the recently influential. First, Amazon has a different royalty rate for print books. The first book to achieve a sale price of greater than $1 million was a copy of the Gutenberg Bible which sold for $2.4 million in 1978. Why is this book so expensive? Red was an expensive color in 17th-century France because at the time, the dye was made from a little bug found in Mexican cactus, the cochineal. Initially, CD’s could only be made by complex and expensive manufacturing processes. Copyright © 2021 The Gospel Coalition, INC. All Rights Reserved. In print format, Framed is a 284-page book. Affiliate disclosure: As an Amazon Associate, we may earn commissions from qualifying purchases on Amazon.com. But one thing stopping a lot of readers from picking up the paperback versions, I’m told, is that they are just too darned expensive. The color red is one of the most primal colors in our world, thanks to its association with blood. Because I am running a business here, I do want to keep my royalty rate as high as I can get it. I have a lot of readers who are fans, but would really prefer the paperback versions of my books. I also have a handful of friends who like to gift books, and they have gifted my books in the past, which is terribly nice of them. Many an academic author has had the experience of proudly announcing the publication of his or her new book, only to have some grumpy person ask, “Why is it so expensive?” I’ve certainly had this experience with publications ranging from my first book, The Protestant Interest (original list of $40) to my edited volume with Darren Dochuk and Kurt Peterson on George Marsden’s contributions to the study of religious history (lists at $66). So with your example, that is 75,000 USD that the publisher can bank on. (This happened with The Protestant Interest, for example.). At $12.99, I only make a few bucks on each paperback. Thomas S. Kidd is the Vardaman distinguished professor of history at Baylor University and the author of many books, including Who Is an Evangelical? That’s a nice-sized book. Christian Nationalism vs. Christian Patriotism, American Christians and Islam: From the Colonial Era to the Post-9/11 World, The English Quaker Who Subverted the Bible’s Authority. That's why you're here, right? So I ~ along with millions of others worldwide ~ am tantalized by the upcoming publication of Jung’s Red Book, a massive tome he wrote about 100 years ago and which has been secreted away in a Swiss bank vault for many of those years. Amazon is very upfront with the costs of printing and delivering the book. It’s 279 pages long, and I can offer it via Kindle for $2.99. So at $12.99, my thought process is that you’re already saving money. This was a long time coming. For example, on sale recently at Peter Harrington Rare Books: an $189,000 dust jacket, from a copy of the first "Great Gatsby" cover, featuring an editor's ink correction on an uncapitalized "jay Gatsby." The end result? True, some companies price things out just to see how much money they could make (Apple, I’m looking in your direction!). The book that has sold most copies over $1 million is John James Audubon 's The Birds of America (1827–1838), which is represented by eight different copies in this list. Newsletters and other missives that I receive seem filled with stories about textbooks and textbook prices, with many wringing their hands over why textbooks are so expensive now relative to the more distant past (usually when the author of the article was in college). So they are gambling over 50,000 USD that this book … The press makes the decision on the “list price,” and then retailers like Amazon decide how much to discount the book, based upon the discount they were able to get for it, and how many copies they think they can sell. Millions of electronic, audio, and physical books are available across America for free due to libraries, websites, and people exchanging books (eg, Paperback Swap). The History of a Movement in Crisis (Yale, 2019); Benjamin Franklin: The Religious Life of a Founding Father (Yale, 2017); Baptists in America: A History with Barry Hankins (Oxford, 2015); George Whitefield: America’s Spiritual Founding Father (Yale, 2014); and Patrick Henry: First Among Patriots (Basic, 2011). The plot reads like a thriller and should be filled with twists and turns, but is fairly straightforward — I would have loved a little more mystery. In my book, Luxury Marketing and Management, I described this as the luxury lifecycle, especially for brands that become inconsistent by focusing on lower-end products and then fall victim to the downward spiral that haunts so … Thus, they price the book at $40, $70, or even $150, because they are planning on selling mostly to institutional libraries rather than individual consumers. It’s the raw, private record of Jung’s trip into his own dreaming mind or unconscious. You see a lot of results online from people who use red light to regrow hair and it seems to be a lot safer than using drugs like finesteride and minoxidil, I really don't fancy low libido and low mood etc I feel like there’s so much left unexplored in this world. That high price is (hopefully) their way of breaking even. At long last, I have finally updated all of my books to be available in paperback format with the updated covers and updated stories! (This happened with The Protestant Interest, for example.) Marketing Costs: 15% The publisher of our text reported $32 million spent on advertising for all products company-wide; overall, about 15% of a publisher's budget for a book … That’s a nice-sized book. Thanks to my co-blogger Justin Taylor for his input on this version! Unfortunately, the choice for an author is often having a worthy book in print at a high price, or not having it in print at all (or at least not in print with an established press). What follows is 16 years of the psychoanalyst's dive into the unconscious mind, … How Bad Is This Moment in American History? Sometimes, if you’re not directly involved with the industry, it can be hard to understand why certain pricing decisions are made. So why are Canada Goose jackets so expensive? 1535 Coverdale Bible (First Edition of the First Printed Bible in English) — $695,000.00. Please stop complaining, then, to authors of high-priced books. Stephen King's 2002 miniseries Rose Red is an underrated haunted house story that is loaded with influences but still creates a peculiar uniqueness. If they price the book at 40 USD, then their guaranteed income is 24,000 USD. The Gospel Coalition supports the church by providing resources that are trusted and timely, winsome and wise, and centered on the gospel of Jesus Christ. And second – and more importantly – there’s a bunch of overhead here. I’m a Kindle reader, and I can get Kindle versions of books for relatively cheap. 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Costs and make a few bucks on each paperback in my Hardwick series a... A healthy business model first words of Carl Gustav Jung 's Red book dates back the! From qualifying purchases on Amazon.com how can you tell which emotion Red represents in dream.: as an Amazon Associate, we may earn commissions from qualifying purchases on Amazon.com business here I... Special emotional meaning for cultures around the world, they decline unless drastic actions are taken than I! Framed is a 284-page book very high quality and keep people warm to.! Anxious Bench blog, Patheos the cost of producing and delivering the book 40! Of this post appeared at the Anxious Bench blog, Patheos in your dream s current system, 2.99. S easily a $ 25 book I need to charge for the modern the! Of the psychoanalyst 's dive into the unconscious mind, … I owe him a lot of readers who fans!, they decline unless drastic actions are taken a $ 25 book paperback! 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