By now you probably think I have nothing else to do but report on Amazon's endless greed. Think again. Aside from a busy job and family, my second book in the Harper series is weeks away from going to print and I've started work on a third. Amazon's latest move came from Amazon (UK) and should give everyone worldwide, readers as well as publishers, reason to rethink their loyalty. And for those of you who read my previous post of March 31 @ 9:42 PM you'll understand why authors should be concerned. Author royaleis are based on the discount price paid by the bookseller. The greater the discount price (in this case, what Amazon pays for each book they sell) the lower our royalties I'm just glad to know that the issue is getting the press it deserves.
You'll find the article in Publishing News.


Comments: 10
I find it interesting that everyone refers to Amazon's "monopoly position."
Not that I am happy with their recent decisions, but I would hardly call them a monopoly.
However I checked that out and while Amazon does not fir the "economic" definition of a monopoly, it is becoming more common to use the term in a "political" sense as a " blanket generalization in criticism of firms with large market share."
So, I stand semi-self-corrected.
"In a short-term business sense, Amazon is right to use its massive size to gain market share for Booksurge and squeeze out the smaller players, but the problem is this goes against what made it great -- offering the lowest prices and widest selection, basically like an online Wal-Mart Stores Inc (NYSE: WMT). To authors and publishers, Booksurge is known for its poor product quality and high cost structure, supremely inferior on both fronts to rival Lightning Source (LS) -- trust me, I did the research and that's why I chose LS -- the POD subsidiary of Ingram Industries, the leading book wholesaler and the company on which Amazon has clearly declared war.
So, by making Booksurge the only POD option, relegating quality-loving publishers and authors to much smaller websites of Borders Group (NYSE: BGP) and Barnes & Noble Inc (NYSE: BKS), Amazon proves it no longer cares about its customers getting the widest selection at the cheapest prices -- oh yes, even publishers that give into Amazon's demands will be forced to raise their prices -- it cares more about its own profits. "
You'll find the entire article written by Timothy Sykes of which this is an excerpt on Blogging Stocks http://www.bloggingstocks.com/2008/04/02/amazon-bullying-raises-monopoly-and-business-concerns/.
Thank you for the bold honesty, Marta.
Best wishes on your next and future books.
Of course millions of uninformed (or indifferent) people will continue to line Amazon's pockets, heaven knows I have, but I won't after this. Thanks so much for your kind words and good wishes! :)