The New 99-Cent Store

A couple days ago, Joe Konrath, a bestselling e-book author, admitted:

Eighteen days ago, I dropped the price of my ebook, The List, from $2.99 to 99 cents on Amazon. I was selling 40 copies a day prior to that. Currently, The List is #37 in the Top 100 Bestsellers on the Kindle. It's selling 620 copies a day on Amazon.

Kevin Kelly does the math:

2.99 x 40 = 119.60

.99 x 620 = 613.80

When Kelley factors in Amazon's cut on low-priced e-books, the profit drops dramatically for the author. Kelly clarifies:

I am not saying this is good news for authors. 99 cents is not. It is good news for READERS.

J.L. Wall adds his throughts.

(Hat tip: Mark Frauenfelder)

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

What LBJ Really Said About Selma

"It's outrageous what's on TV. It looks like that man is in charge of the country."

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

What LBJ Really Said About Selma

"It's going to go from bad to worse."

Video

Does This Child Need Marijuana?

Inside a family's fight to use marijuana oils to treat epilepsy

Video

A Miniature 1950s Utopia

A reclusive artist built this idealized suburb to grapple with his painful childhood memories.

Video

Why Principals Matter

Nadia Lopez didn't think anybody cared about her school. Then the Internet heard her story.

Just In