Originally posted February 16, 2010 - © Kindle Nation Daily 2010
You can't fool all of the readers all of the time.
If the Big Six traditional print-book publishers thought they could snooker readers into turning their backs on ebooks and going back to a book business built around exorbitantly priced hardcover bestsellers, here's a news flash:
The polls have closed, the results have been counted, and a record turnout of Kindle Nation citizens have voted to continue the Kindle Revolution!
Among the key take-aways from the 1,892 individuals who responded February 6-13 to the Winter 2010 Kindle Nation Citizen Survey:
- Kindle owners are voracious readers who have already made dramatic changes in their book buying behavior. 64% now buy at least 15 Kindle Store ebooks a year (and that does not include free titles), and over half of those respondents buy at least 30 Kindle Store ebooks a year. While 61 percent used to buy 15 or more new print books a year (from Amazon or physical booksellers) before acquiring a Kindle, that number has declined to just 15% today.
- Kindle owners are poised to make further changes in book-buying and reading behavior, some of which could have grim consequences for traditional print publishers. 73% say that they have "become more price-conscious" as a result of the "recent ebook price wars, 60% say that higher bestseller prices would lead them to "buy more backlist or indie titles," and 48% say they'll "look to buy ebooks by authors who provide Kindle exclusives."
- That willingness of Kindle owners to look beyond bestsellers for interesting, affordable reading content may signal a declining acceptance of the traditional "gatekeeper" role of the major publishers. The respondents' ratio of positive-to-negative views of the Big Six publishers was 18% positive to 35% negative, compared to 46% positive to 3% negative for small independent publishers, 86% positive to 1% negative for Amazon itself, and 44% positive to 20% negative for soon to be fledgling ebook seller Apple.
- Recent controversies over book pricing have apparently helped Kindle owners become more educated and/or opinionated about key players' roles and tactics. Only 6 of 1,892 respondents said they had "never heard of" the Big Six publishers, 60% agreed strongly or somewhat with the statement that "publishers & Apple should be investigated for price-fixing collusion," and 93% agreed strongly or somewhat with the statement that "hardcovers are overpriced and ebooks should be much cheaper."
- But the survey indicates that publishers may have been wise to keep their recent pricing-related communications "in-house" and let authors speak directly to readers through online forums and other venues, since a 57% positive to 3% negative ratio in Kindle owners' views of bestselling authors suggests far greater credibility, at least for now, than that suggested in the aforementioned 18%-to-35% ratio for the Big Six.
Additional Survey Results, coming soon:
- What If Big Six Market Share Leader Random House Breaks Ranks with the Apple Five?
- Kindle Features: Past, Present, and Possible
- Prospects for Competition and Co-existence Among the Kindle, iPad, and Other Devices
- Kindle Owner Demographics
- How Many Devices in a Kindle Household?
- Bezos' Nightmare: 20-20 Hindsight on Amazon's 2003 Decision to Begin Development of the Kindle
2 comments:
Excellent survey and fascinating results. A few that stand out to me is that 56% were female and 58% were over 55 years of age, but apparently pretty tech savvy.
I agree that the publihers need to be looking at this, but you do have a kindle specific audience, so some anti-publisher bias is understandable. BUT, ebook prices must come down even though the pricing of the devices themselves don't seem as big an issue.
Rick Askenase
The reason I won't pay more than $9.99 for an ebook is because the ebook is inherently limited. I can't lend it out. I can't resell it. So I'm willing to give up that utility if the book is less than $9.99. If an e-book costs more than $10, I might as well buy the physical book for a couple dollars more and have the additional usefulness.
Just as an example, the first book on today's Kindle Top Sellers that exceeds $9.99 price point is The Man from Beijing at $12.61. But for another $1.40 I can buy the hardcover. It's a no-brainer to me that I should buy the hardcover at that point.
I buy Kindle books when they're a bargain - like Roses I bought for $9.99 because the next nearest price was the hardcover for $14.61. The price difference made it worth it, to me, to not be able to lend it or resell it later.
I don't know if I'm the minority, but that's why *I* won't pay over $9.99 for an ebook. It's not because I'm trying to be an "entitled" consumer. It has nothing to do with sticking anything to the publishing companies. It's a simple matter of cost vs. utility, and whether or not I'm saving money with my Kindle (which is what I hope to do, overall, and is why I download many, many free ebooks).
I hope that you'll mention this reasoning in one of your publications, because I think Amazon and the publishers need to understand the issue from the point of view of the consumers.
If I've been unclear, feel free to contact me at amyeaustin at gmail dot com.
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