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	<title>NISO Standards Bearer Blog &#187; marketing</title>
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		<title>The free Ebook &#8220;bestsellers&#8221;</title>
		<link>http://www.niso.org/blog/?p=90</link>
		<comments>http://www.niso.org/blog/?p=90#comments</comments>
		<pubDate>Thu, 28 Jan 2010 01:52:41 +0000</pubDate>
		<dc:creator>Todd Carpenter</dc:creator>
				<category><![CDATA[Business models]]></category>
		<category><![CDATA[book trade]]></category>
		<category><![CDATA[bookseller]]></category>
		<category><![CDATA[ebooks]]></category>
		<category><![CDATA[free]]></category>
		<category><![CDATA[marketing]]></category>

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		<description><![CDATA[There is an interesting trend in the mass market for e-books, which is new on this scale: The free book.
Certainly free book distribution has taken place as a marketing tactic for decasdes, if not centuries.  However, since the release of the Kindle, this new distribution mode seems to have really taken off.
An article in the [...]]]></description>
			<content:encoded><![CDATA[<p>There is an interesting trend in the mass market for e-books, which is new on this scale: The free book.</p>
<p>Certainly free book distribution has taken place as a marketing tactic for decasdes, if not centuries.  However, since the release of the Kindle, this new distribution mode seems to have really taken off.</p>
<p>An <a href="http://www.nytimes.com/2010/01/23/books/23kindle.html" target="_blank">article in the New York Times</a> this past weekend described the growing trend.  As the Times reports, more than half of the “best-selling” e-books on the Kindle, Amazon.com’s e-reader, are available at no charge.</p>
<p>On Saturday afternoon, I double-checked this and of the books in Amazon Kindle’s top ebook “Bestsellers” list -</p>
<blockquote><p>Top 5 – 4 free and one at $0.25 about the Kindle</p>
<p>Top 10 – 8 of top 10 – another at $8.55 (but on $0.95 off hardcover list)</p>
<p>Top 15 – 11 of top 15 – two more at $4.39 one at $7.50</p>
<p>Top 20 – 14 of top 20 – one at $5.50 and the first at $9.99</p>
<p>Top 25 – 17 of top 25 – two more at $9.99 including Dan Brown’s book</p>
<p>Ten more were not free in 25-50, so 18 of 50 or only 36% of top 50 book are paid.</p>
<p>11 more were for-fee books in the next 50-75</p>
<p>11 more in 75-100 –</p></blockquote>
<p>In total 60 of top 100 “selling titles” for Kindle are free or public domain books.  Now Amazon changes this every hour, so a review of your own would probably not come up with the same results.  However, it seems that at least half and as many as two-thirds of the list are not &#8220;sellers&#8221; at all, but only downloads.</p>
<p>However in that article, the author noted theoretically &#8220;lost&#8221; 28K sales.  An old friend of mine knows one of the authors in that story and she told me that the referenced author actually made about $10,000 in royalties on her backlist during the free period, which is incredible.</p>
<p><a href="http://longtail.typepad.com/">Chris Anderson</a>, editor of <a href="http://www.wired.com">Wired Magazine</a> and author of the Long Tail, described how free works at the dawn the internet age <a href="http://www.amazon.com/Free-Future-Radical-Chris-Anderson/dp/1401322905">in his book “Free</a>”.  I should note that I was one who took advantage of Anderson’s business model and read “Free” at no cost on my <a href="http://www.amazon.com/dp/B0015T963C">Kindle</a>.  What publishers are doing is a perfect example of Anderson’s thesis: That people can use the medium of digital distribution and it’s *nearly* free distribution to get consumers to be interested in other non-free products.  You can download the first book of a series for free, but if you want volumes 2-12 of the “<a href="http://www.stepheniemeyer.com/twilightseries.html">Twilight” series</a>, you will have to pay. NOTE – that Twilight or <a href="http://www.scholastic.com/harrypotter/">Harry Potter</a> didn’t employ this model.  However, 10 years from now is there a kids book series that kids are eagerly awaiting the movies of, that began as a series with the first book free?  I don’t think this process will change how people discover and share books, but it certainly will accelerate the process.</p>
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