Amazon announced yesterday that, starting in October, readers who have bought paper books on their site will also be able to purchase the digital versions for a nominal fee through the new Kindle Matchbook promotional program (by the way, I love the name). Here’s how it works:
- The e-books will be sold at a discounted rate, typically, $2.99, $1.99, .99, or free.
- The offer is retroactive, which means it would apply to paper versions purchased as far back as 1995 when Amazon first went live selling books online.
- The e-books will only be available at a discounted price from publishers who enroll in the program. So far, there are about 10-thousand of them, but I suspect that number will grow once Matchbook gets off the ground.
According to Amazon, the idea of bundling print and
digital books has been one of the most requested features from customers.
Being a Thomas & Mercer and 47North author (which are
Amazon imprints) I’m told my books will be included in the program. How do I feel about this? Pretty good, actually, and here’s why:
My first concern is, and always will be, for the reader.
Whatever is good for them is good for me, and this just makes sense. I want
them to have access to my work in any format they like and in the most
economical way possible.
Regardless of what some seem to think, paper is not
dead. My readers are constantly telling
me that, while they love their Kindles, they also love their paper. Many also
tell me they’ve gone on to buy paper versions of my books for their shelves.
What I’m hoping is that, when my new release, Darkness & Shadows comes out next month, those readers will be
able to buy both versions at a much more reasonable cost. And when you think
about it, this could actually augment the life of paper books by driving up their
sales and giving readers more incentive to purchase them.
And here's something else: with the price of e-books getting more and more competitive, this may drive some of those ridiculously expensive ones lower, something that, in my ever-so-humble opinion, needs to happen.
Using this feature will also, in essence, be like creating a
digital backup for the books readers love. I know many people whose books are
among their most treasured items. I also know ones who have lost their books
to fires, floods, and other tragic circumstances. Those people can never lose
their books because they’ll always be just a click away.
It’s great news for independent authors as well, because
they too will have the option of enrolling in the program while earning the
same royalty rates—so while they normally
wouldn’t get the usual 70% cut for books priced at $1.99 and lower, in this
case, if the price is lowered through Matchbook, they still will. It also creates another opportunity to get their work out
into more readers’ hands and gain extra exposure while still earning the generous
royalty rate that KDP offers.
The downside? I’m not sure I see any—although it will be
interesting to see how many legacy publishers jump on board. We can’t know for
sure, but my sense is that this is a win-win for them as well.
Of course, already there are the pundits claiming this is
just another way for Amazon to make more money. I don’t agree, and even if it were,
to that I say: What successful business doesn’t?
What this actually sounds like to me is Amazon listening to
their customers, something that, in my opinion, they do better than any other
retailer in the country. And really, the bundling concept is nothing new to them—they’ve already been doing it with Immersion Reading, a feature that
allows customers to buy the audio and e-book versions of a novel at a discounted price so they can
listen and read at the same time.
So what do you think? Readers: Can you see yourself taking
advantage of this program? And authors, do you feel this could be a benefit to your
career?
Giving the customer what they want is good business, and I suspect I'll benefit both as a writer and reader.
ReplyDeleteAgreed. It's how Amazon became the worlds biggest bookseller, and why more than likely, they will do the same in the retail industry.
DeleteBundling has been tried over the years by publishers and it didn't catch on. However, with the Zon on the job, it's likely to be a hit. I've already enrolled both of my books and intend to do the same with THE SACRIFICE when it's released next month.
ReplyDeleteI think that's a great move, Peg. It's an excellent way to grow your audience and increase loyalty--not just from your readers to you but both ways.
DeleteI got a notice about this yesterday and immediately enrolled both my books in it. Unfortunately, I guess because the normal e-book price is $3.99, the only option they gave me was $0.99 (or free). I would have preferred $1.99. But I didn't realize that, as you say, "while they normally wouldn’t get the usual 70% cut for books priced at $1.99 and lower, in this case, if the price is lowered through Matchbook, they still will." That's great!
ReplyDeleteI'm excited about this, and as you've mentioned, Drew, it will benefit both readers and writers. Another innovative idea by Amazon! Yay!
I think it may still work out in the long run, Jodie. More exposure means more word of mouth--the kind of advertising money can't buy--and this will, in time, likely pay off on the other end.
DeleteJodi, I have a book at $3.99 also and enrolled and did have the $1.99 option (it is less than 50% of paper price). However, I chose $.99 just to make a no-brainer decision. it's an interesting concept. Next step, bundling different books!
ReplyDeleteThis would seem to be a positive step for everyone involved, with potential for even more ideas re: bundling, sequels, etc., etc. Once again, Amazon leading the pack.
ReplyDeletethanks for posting. I just signed up my four books--soon to be five if my diving expert can ever get off the fence (sigh) and send me his comments.
ReplyDeleteI agree with Mary, Amazon has been, and continues to be, a leader in publishing. They certainly made me very happy.