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Viewing: Blog Posts Tagged with: pay what you want, Most Recent at Top [Help]
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1. Results of the Pay What You Want E-Book Experiment

A subliminal message about how much you would like to pay for each book. :)

A subliminal message about how much you would like to pay for each book. :)

A week ago, Diana and I decided to try an experiment: All the e-books in the Renegade Writer Store (except one) would become Pay What You Want, meaning you, the reader, decide what to pay for each one.

The minimum price was $1 because that’s the minimum my order processor allows. (And they do charge me for each download!)

The deal was this: We would try this experiment for one week, and if we liked how it turned out, we would keep this pricing structure.

Here are the results:

  • Around 330 writers took advantage of the Pay What You Want offer.
  • The average order was $6.50.
  • Sometimes an order was for a single book, but mostly they were for multiple products.
  • Many, many people scooped up every book we have at $1 apiece. (Now you need to READ them all, LOL!)
  • The lowest order amount was $1. The highest order amount was $30 (for multiple books). (That was pretty exciting!)
  • Most writers paid below retail for the books…but some paid around retail, and just a few paid higher! (And this is not a judgement in any way…readers paid what they could afford or according to how much value they thought the books would bring.)
  • We got orders from all over the world, including Canada, the U.S., Serbia, and Nigeria! (Discovered one reader from Serbia went to the same high school as our Serbian exchange student!)
  • Several writers emailed me to say they hope to make sales based on what they learned in our books, so they can come back and pay more for them. Aw! (I’m actually thinking about creating a way for writers to come back and add more to their payments if they feel they’ve gotten a ton of value from the books. :) )

So what’s the verdict?

Of course we, the authors, feel we deserve to be compensated well for the value we provide in our books. We worked hard on them, and they cost us beaucoup cash for design, editing and so on. I also pay the order processor, and need to pay for tech help—for example, I paid $500 to have the books pages set up, and another $500 to get them converted to PWYW.

And of course, these books are meant to get writers gigs and change their lives! We think that’s worth at LEAST the $5-10 most of the books were originally priced at.

On the other hand, once we eat the sunk costs, it costs us very little to provide these e-books.

AND…since our mission is to help as many writers as possible reach their freelancing dreams, having 330 people get their hands on our books is excellent news! We want to reach EVERYONE—including those who can’t yet afford to hire help, take classes, or buy full-priced books.

So…drumroll…we decided to keep the PWYW pricing structure!

That means from now on, YOU choose what to pay for each book, e-course book, and checklist…including Write Your Way Out of the Rat Race…And Step Into a Career You Love, which comes with a boatload of downloads (originally $9.99), The Renegade Writer: A Totally Unconventional Guide to Freelance Writing Success (also $9.99), and the Write for Magazines E-Course book (originally $29).

(And soon, very soon, I’ll be posting a meditation I created called Positive Thinking for Writers as a PWYW product. I wrote the meditation and it was produced and voiced by a former public radio reporter! It has everything…soothing music, nature sounds…IT’S AWESOME.)

Yep, you can get all these goodies for as little as a buck each.

Don’t have much cash? Pay the minimum. You’re rich? Pay more than retail and reap the karma that comes from covering a less advantaged writer.

Here’s where you can do that:

http://www.therenegadewriter.com/store/

Please do spread the word to all your writing friends! You can post it on forums, share it on Facebook and Twitter, and let your writing groups know they can now get these helpful, valuable books for a minimum of $1 each. (BTW, we reserve the right to change our minds in the future…but for now we don’t foresee getting rid of PWYW.)

Here’s a tweet you can use if you like:

Renegade Writer e-books are now Pay What You Want…permanently! That means YOU choose what to pay! http://www.therenegadewriter.com/store/

Thank you, thank you for helping us make this experiment a success! We’re so excited to get our books into as many hands as possible!

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2. Archie Joins the Humble Bundle Bandwagon; Image Scores with 2nd Bundle

ALBV logo 285x300 Archie Joins the Humble Bundle Bandwagon; Image Scores with 2nd BundleBy Bruce Lidl

Following immediately on the conclusion of the second Image Comics Humble Bundle, Archie Comics has joined the Humble Bundle comics movement with its first release. Humble Bundles are curated collections of digital comics available under a “pay what you want” revenue model. Customers can choose their payment amount for the basic pack, or spend extra money for additional content. Customers can also choose what percentage of their payment goes to the publisher, to the Humble Bundle company and to a charity picked for the bundle, in this case either the Hero Initiative or the Comic Book Legal Defense Fund. Also, all Humble Bundle comic collections are sold in variety of formats, with absolutely no DRM restrictions embedded in them.

Past digital comics Humble Bundles have proven very popular and generated considerable revenue for publishers and charities. The first Image Humble Bundle in April 2014 received almost $400,000 in payments, while the just completed Image bundle got over $450,000, and appears to have been the highest grossing comics bundle so far.

Today’s Archie bundle contains Afterlife With Archie Magazine #1, The Fox: Freak Magnet, Sonic/Mega Man: Worlds Collide Vol. 1, and The Best of Archie Book One. Customers that pay more than the going average price also get The Death of Archie, Archie Meets KISS, The Best of Archie Book Two, Chilling Adventures of Sabrina #1, and Sonic/Mega Man: Worlds Collide Vol. 2., while those who pay $15 or more will receive all of the above plus Afterlife With Archie Vol. 1: Escape From Riverdale, Archie Comics Spectacular: Party Time, Archie: The Married Life Vol. 1, and Sonic/Mega Man: Worlds Collide Vol. 3. Other incentive titles will likely get added over the course of the bundle’s two week run.

At this point, the sole remaining publisher holdouts from Humble Bundle appear to be Marvel and DC. While initially designed for independent video gaming publishers, even rather large gaming companies have used Humble Bundle since its inception in 2010, including EA and THQ. Interestingly, Warner Brothers Interactive Entertainment participated in a gaming Humble Bundle in November 2013 that included comics themed games Batman: Arkham Asylum and Batman: Arkham City, distributed through the Steam gaming platform. Whether that might indicate a broader Warner Brothers/DC openness to the Humble Bundle philosophy remains to be seen.

3 Comments on Archie Joins the Humble Bundle Bandwagon; Image Scores with 2nd Bundle, last added: 1/22/2015
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