by Madelle Morgan
I've stopped buying new releases of several of my favorite authors because the digital version is MORE expensive than the paperback.
I read novels almost exclusively on my Kindle and Kobo Glo because:
a) I read in bed at night, and lamp light would bother my husband, and
b) I can read the large e-reader fonts without my glasses.
Why oh why have some publishers ratcheted up e-book prices? A college student learns in Economics 101 that when the price goes up, demand for that product goes down. A September 2015 Wall Street Journal article reports that e-book sales at three big publishers dropped after prices skyrocketed.
Self-Published Books are Less Expensive
|Source: AuthorEarnings.com May 2015 Report|
But there's another factor that affects the price of an e-book for non-U.S. readers like me...
On November 4, 2015 the exchange rates were as follows:
$1 USD = $1.36 CAD (Canadian)
$1 USD = $1.40 AUD (Australian)
$1 USD = $1.52 NZD (New Zealand)
If prices were directly converted, a $10 USD e-book would cost $13.60 in Canada, $14.00 in Australia, and $15.20 in New Zealand, respectively. It's not that simple, however. U.S. publishers round up prices to $13.99, $14.99 and $15.99, or even tack on an extra dollar or two to cover variable exchange rates.
Needless to say, the increase in e-book prices in American dollars is magnified outside the U.S. due to unfavorable exchange rates. In fact, Canadian prices are downright painful.
Publishers who've jacked up their e-book prices CLEARLY don't care about sales in Canada, Australia and New Zealand.
And the result is...
Readers are Buying Affordable Self-Published Books
|Source: AuthorEarnings.com October 2015 Report|
Have Raised Prices Affected Your Purchases?
Are you mad as hell?
I'd love to read your comments.
In the spirit of keeping e-book prices affordable to as many readers worldwide as possible...
Diamond Hunter Price Drop
This romantic suspense about a daring geologist and her cop bodyguard trapped at a remote diamond mine is now $0.99 USD permanently, with a comparably low price in countries around the world, depending on the exchange rate. Check www.MadelleMorgan.com for retailers.