Holmes closing Friday - lets get it down lower

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This post has 25 Replies | 1 Follower

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Danny Parker | Forum Activity | Posted: Mon, Oct 31 2016 2:12 PM

Sure would like to see this close at a lot less than $26. $20 seems to be a reasonable hope.

The Sherlock Holmes Collection (8 vols.) 

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Bruce Dunning | Forum Activity | Replied: Mon, Oct 31 2016 4:44 PM

I'd love to see this reach $20.

Using adventure and community to challenge young people to continually say "yes" to God

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Tom | Forum Activity | Replied: Mon, Oct 31 2016 8:57 PM

Danny Parker:

Sure would like to see this close at a lot less than $26. $20 seems to be a reasonable hope.

The Sherlock Holmes Collection (8 vols.) 

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PetahChristian | Forum Activity | Replied: Mon, Oct 31 2016 8:59 PM

Love the stories, but I have too many biblical pre-pub and wish list items that are more important than spending $20 on enjoyable fiction. Sorry I can't help drive the price down.

The volumes are freely available on Kindle and iBooks, if anyone is interested in reading them outside of Logos.

Thanks to FL for including Carta and a Hebrew audio bible in Logos 9!

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Danny Parker | Forum Activity | Replied: Mon, Oct 31 2016 9:29 PM

Down to $20. How about down into the teens. There can't be a big cost for production so the number of bids to keep driving it down should be minimal.

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Jan Krohn | Forum Activity | Replied: Tue, Nov 1 2016 1:13 AM

It really should have leveled at around $12 to $15 in the first place, but there were too many high bidders...

Anyway, $20 is just about acceptable. Big Smile

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TCBlack | Forum Activity | Replied: Tue, Nov 1 2016 5:21 AM

Jan Krohn:
It really should have leveled at around $12 to $15 in the first place, but there were too many high bidders...

That's not how Community Pricing works.  Every bidder lowers the overall price.  If everyone were to bid $1000, but the end result was that $20 would pay for it, than everyone would pay $20.

Hmm Sarcasm is my love language. Obviously I love you. 

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David Ames | Forum Activity | Replied: Tue, Nov 1 2016 5:25 AM

TCBlack:

Jan Krohn:
It really should have leveled at around $12 to $15 in the first place, but there were too many high bidders...

That's not how Community Pricing works.  Every bidder lowers the overall price.  If everyone were to bid $1000, but the end result was that $20 would pay for it, than everyone would pay $20.

True!  BUT high bidders tend to scare early low bidders away. 

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Mike Pettit | Forum Activity | Replied: Tue, Nov 1 2016 5:51 AM

David Ames:

TCBlack:

Jan Krohn:
It really should have leveled at around $12 to $15 in the first place, but there were too many high bidders...

That's not how Community Pricing works.  Every bidder lowers the overall price.  If everyone were to bid $1000, but the end result was that $20 would pay for it, than everyone would pay $20.

True!  BUT high bidders tend to scare early low bidders away. 

BUT low bidders strand great books so that they will never produced, just look at the Catholic Encyclopedia that has been sabotaged by cheapskates.

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Tom | Forum Activity | Replied: Tue, Nov 1 2016 7:12 AM

Danny Parker:

Down to $20. How about down into the teens. There can't be a big cost for production so the number of bids to keep driving it down should be minimal.

www.hombrereformado.org  Solo a Dios la Gloria   Apoyo

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SteveHD | Forum Activity | Replied: Tue, Nov 1 2016 7:13 AM

It is at $20.00 and can easily make it to $18.00

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David Ames | Forum Activity | Replied: Tue, Nov 1 2016 8:01 AM

Mike Pettit:

BUT low bidders strand great books so that they will never produced, just look at the Catholic Encyclopedia that has been sabotaged by cheapskates.

Also true.

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Jan Krohn | Forum Activity | Replied: Tue, Nov 1 2016 8:12 AM

TCBlack:

That's not how Community Pricing works.  Every bidder lowers the overall price.  If everyone were to bid $1000, but the end result was that $20 would pay for it, than everyone would pay $20.

Wrong, and easy to disprove. Simple example.

Production cost is $100. Bidding steps $10, $20, $30. If 5 users bid $10 each, the $10 step is at 50%, the $20 step is at 0%, and the $20 step is at 0%. The projected price is $10.

Next, 3 more users bid $30. Then the $30 step is at 90%, the $20 step is at 60%, the $10 step is at 80%. The projected price is $30. More bids have increased the price.

High bids increase the price, no matter whether they come early in the process or late.

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EastTN | Forum Activity | Replied: Tue, Nov 1 2016 8:20 AM

David Ames:

Mike Pettit:

BUT low bidders strand great books so that they will never produced, just look at the Catholic Encyclopedia that has been sabotaged by cheapskates.

Also true.

I find that there are a lot of Community Pricing offerings that sound interesting, but that - if I'm honest with myself - I would be very unlikely to buy at full price if I pass them up on CP. Of course, if I pass them all up, there are likely some that I would end up having to buy at full price for one reason or another. On those, I would end up losing money.  But if I were to buy them all through CP, I'd end up spending a lot of money on books that I'll likely never use.

One strategy I've found useful is to estimate what my personal "expected cost" is for a book or collection, assuming that I don't get it through Community Pricing. I define my personal expected cost as the regular price of a collection, times the probability that I will end up buying it at the regular price.  So, if the regular price for a collection is $100, and there's a 50/50 chance that I'll end up buying it, then my personal expected cost is $50 - and I consider anything below that a good deal.  If the regular price is $100, but I think there's only a one in four chance that I'd end up buying it at the regular price, then my personal expected cost is $25.  If I'm estimating the likelihood of purchase reasonably well, then bidding at or below my personal expected cost should - on average - help me hold down my overall cost.

Posts 461
Robert Harner | Forum Activity | Replied: Tue, Nov 1 2016 8:57 AM

Jan Krohn:

TCBlack:

That's not how Community Pricing works.  Every bidder lowers the overall price.  If everyone were to bid $1000, but the end result was that $20 would pay for it, than everyone would pay $20.

Wrong, and easy to disprove. Simple example.

Production cost is $100. Bidding steps $10, $20, $30. If 5 users bid $10 each, the $10 step is at 50%, the $20 step is at 0%, and the $20 step is at 0%. The projected price is $10.

Next, 3 more users bid $30. Then the $30 step is at 90%, the $20 step is at 60%, the $10 step is at 80%. The projected price is $30. More bids have increased the price.

High bids increase the price, no matter whether they come early in the process or late.

Production cost is $100
5 users bid $20 each - The price will be $20
1 additional user bids $1,000 - The price will be $16.67
2 additional users bid $1,000 - The price will be $14.29
3 additional users bid $1,000 - The price will be $12.50
95 additional users bid $1,000 - The price will be $1.00

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Tom | Forum Activity | Replied: Tue, Nov 1 2016 9:17 AM

Bruce Dunning:

I'd love to see this reach $20.

Love it!

www.hombrereformado.org  Solo a Dios la Gloria   Apoyo

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Jan Krohn | Forum Activity | Replied: Tue, Nov 1 2016 9:40 AM

Robert Harner:

Production cost is $100
5 users bid $20 each - The price will be $20
1 additional user bids $1,000 - The price will be $16.67
2 additional users bid $1,000 - The price will be $14.29
3 additional users bid $1,000 - The price will be $12.50
95 additional users bid $1,000 - The price will be $1.00

That case only happens after the product has crossed the 100% line, but never before.

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Why Amazon sucks: Full background story of my legal dispute with the online giant

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Bruce Dunning | Forum Activity | Replied: Tue, Nov 1 2016 10:49 AM

It has now passed $20 and is close to $18. I wonder how low we can get it.

Using adventure and community to challenge young people to continually say "yes" to God

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Ronald Quick | Forum Activity | Replied: Tue, Nov 1 2016 11:37 AM

This has been hovering around 95% @ $28 for quite a while.  I'm glad to see finally closing.   

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SteveHD | Forum Activity | Replied: Tue, Nov 1 2016 5:41 PM

It is at $18.00 now and $16 is not far off.

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