In previous posts, I wondered about how
Amazon priced my bridge book and followed how Barnes & Noble and Amazon
chose to price
Catherine Coulter’s Backfire.
Since then, we had the e-book pricing suit settlement, after which publishers
lost the right to require specific e-book prices. I wondered at the time how
that would affect e-book pricing. I thought it would bring prices down (a boon
for consumers) and there would be more pricing competition (also a boon for
consumers.)
I chose to follow Michael Connelly’s Black Box for five and a half months, which includes six-weeks
before the hardcover release.
E-book Pricing
Let’s start with e-book pricing. When I monitored Coulter’s Backfire, both Amazon and B&N
carried the e-book at $12.99. The price did not vary from that list price on a
single day. The chart below shows some changes in pricing philosophy subsequent
to the suit. As I am writing this blog, Backfire
is still selling for $12.99. Black Box
has varied from a pre-publication high of $14.99 to a few day low of $7.50 and
as of this writing rests at $7.99
Figure 1
Black Box E-Book Prices
The two “competitors” acted almost in lock-step as they
moved the price of the e-books on a daily basis. The only difference was one
day in February when B&N held a $12.74 price a day longer than Amazon. [In
fact it could have been more or less than 24 hours, since I only checked prices
on a daily basis, usually first thing in the morning.]
Hardback Pricing
Pricing on the hardback edition has been a bit more
volatile. Amazon has priced the book as low or lower than B&N, with the
interesting exception of a few days in February when Amazon appears to be
chasing B&N down and not quite catching them.
Notice that the pre-publication price was considerably
higher than the price once the book was available. Apparently the retailers
have determined that an author’s fans will pay more to be first in line. Since
the words don’t change and I have more books to read than time to read, I’ll
not be caught paying pre-listing prices.
Figure 2
Black Box Hard Cover Pricing
For the better part of a month, B&N has priced the hard
cover edition at $15.21 and Amazon at $15.22 – so rush on over to B&N and
get that $.01 savings.
Paperback Pricing
The paperback edition came out about a month after the
hardback release.
Figure 3
Black Box Paperback Prices
Other than the dope-smoking episode B&N engaged in the
second week of February, which was a relapse of their initial pricing decision,
the two have danced a dance of “can you top this?” It appears B&N has taken
the lead and Amazon has been the follower.
In my blog Whither
Barnes & Noble I predicted the demise of B&N unless they changed
their focus. Based on this sample of one, they have not. In the blog I
suggested B&N should become THE place for readers to learn about books and
authors. Had B&N followed the logic of my blog, they would have been the
one buying Goodreads. Instead Amazon has snapped them up. I see nothing from
Barnes & Noble to change my prediction of their demise.
And based on this limited sample of one e-book, pricing in
e-books is still not being done in the same competitive way hardcover and
paperbacks are. Simply look at the pricing volatility for paperbacks and
hardcovers compared to the stability of e-books.
I’ve seen this same thing with the pricing of my novel Bad Policy. It’s been available less
than a month, but the paperback price fluctuates frequently and the e-book
pricing is constant. As Smoky Robinson sang, “My mother told me, you better
shop around.”
~ Jim
When it comes to books, I don't shop around. If I can get a book through the library, I do. If I want an ebook, I have a Kindle, and although I know I could buy another format through Smashwords or another vendor, I have one-click buying at Amazon, which is soooo easy. For a few pennies difference, I don't bother.
ReplyDeleteThat being said, if an author posts that a book I want to read has been discounted or momentarily free, I go right in and buy it to save the money. Between those give-aways and my library reading (ebook borrowing too), I figure I've save enough not to comparison shop every time I want a book. My time is valuable too.
I don't comparison shop,either. Well,if I need a book for one of my book clubs, I check with a local used book store first, then the two libraries I use. If I can't get them in either place, or I know it's a book I'll love and want to keep, I order from Amazon. I would shop at a brick and mortar store if they had one closer. There is a Books a Million store, but there selection isn't all that great in my opinion.
ReplyDeleteThere may be a reason why B&N is not doing so well. I usually buy at Amazon, but I have some gift cards, so I began trying to spend them.
ReplyDeleteEvery time I put a book in my basket, the number came up 2 instead of 1 on the checkout page. There is no link to click to change that. I tried various books o various days, and the problem persisted.
I called the help desk, and the young man didn't seem to understand the problem. I sent an email and got a number to call. There it stands. I have the gift cards and not the time to deal with the problem.
I've always found the B&N website hard to navigate anyway, so it's back to Amazon while I figure this out.