What is the Immense value of My Library?

Silly thing, I know, but when I look at a base package, say "Collectors," I can see at a glance that I can get 5132 resources for $10,799.99 on sale for $9,719.99, yet the value if sold separately is $3,236.96 (no typo).

All this from incognito window.

Wait. Something is terribly wrong. Let me try again. Let me try a non-incognito page.

OK. Looks like $11,500 worth of resources now. The value if sold separately would be $49,354.39, I guess that includes..I don't know what. Maybe everything excluding dynamic pricing. The numbers are pretty much mumbo jumbo. But for our purposes let's ignore that.

Bottom line, maybe, just maybe Collectors is about 5000+ pieces for $9700 and I get about $50k worth of goodies. YES!

I think that "$50K" worth of goodies doesn't mean a lot, but I REALLY like to see it! It is cool. Makes me feel awesome to have a library like that (if I do).

Here is what I really think would be cool.

In those same terms, what is the value of my present library worth? [Note: This is not what I paid for it which is FAR less than what it is worth, and I can see that on my orders page] The numbers can be a little mumbo jumbo, for these purposes I don't mind. I would love to know this immense value and might float around for a week if I did.

Imagine if I could tell my wife, "Hey, Honey, look here! I have only spent ($XXXXX), less than a new pickup truck, but, Honey, look at the IMMENSE VALUE of "our" library!" Boy, would she be impressed. Might help me get her approval for more Christmas deals.

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PetahChristian

I don't know whether to laugh or cry because I can't tell what parts are truly serious! [:^)]

FL shouldn't "sell" us on the total "value" of something, but the cost (savings).

Value is not the same as cost. Take your new pickup truck. It has a cost, and it has a value (which is different from its cost).

So, please don't encourage FL to let us think we're getting $50K value of resources for $10K cost! [<:o)]

The numbers are pretty much mumbo jumbo. But for our purposes let's ignore that.

[:D] This is how "marketing" works, and why things probably won't change.

GaoLu

https://community.logos.com/discussion/comment/869186#Comment_869186

Most of it s pretty serious, even if the outcome appears humorous here and there.

1. The dollar amounts above really are what I get. Why collectors total value is off so much I have no idea. Why the "cost" varies from incognito to non-incognito, I don't know. It should have nothing to do with dynamic pricing, unless somehow a data package or something is figured in. And I while enjoy good conspiracy theories, I am only so so at inventing them.

2. Something inside me really is curious what that total price of My Logos library would be without discounts. I think seeing that applied to my library would have the same effect or greater than seeing that number at the bottom of a sales pitch. People must think the number is important there. I bet a dollar suppose everyone at least looks at it.

3. Maybe humor obscured a serious point: Is there a way to determine the value of my library based on retail prices?

Maybe such numbers really are meaningless, but somehow I think it would be nice to know and maybe the information is under my nose and I have been missing it. If not--Owell, My wife has some fresh-baked cookies and that has my attention now.

Scott D.

https://community.logos.com/discussion/comment/869389#Comment_869389

I've always wanted to be able to do this (know what the total value of my library is, if I purchased each resource, not on sale, at it's full price)! I'm shocked there aren't other replies to this thread -- I guess that not many folks are as fastidious or fussbudgety as me [^o)]

MJ. Smith

https://community.logos.com/discussion/comment/869389#Comment_869389

Is there a way to determine the value of my library based on retail prices?

Especially in the used market but also in the new retail market, there is no such thing as a fixed retail price. The value of your library is what you are willing to sell if for plus the store's markup.

Doc B

All tongue-in-cheek aside, the answer to your question is: Essentially zero.

That's right. Your library is worth about nothing, give-or-take a few millivolts of electricity.

That's because you don't actually own anything other than the rights to access those resources, and those rights are revocable under a few different scenarios. There is no real property (excepting some electrons which are hard to lay your hands upon). You can't eat it. You can't wear it or live in it. It confers no mineral or water rights. You can sell the access rights, but only to someone who values them, and value is seller's discretion. And that's true only as long as the company exists and supports such transfer of rights.

Now, that does not take into account what the access is worth to you. Obviously we all find some personal value in it, or we wouldn't have put the cash on the barrel. Hopefully that value, while not real, is meaningful to you, the end user.

David Thomas

https://community.logos.com/discussion/comment/869389#Comment_869389

Is there a way to determine the value of my library based on retail prices?

"Value" is always going to be arbitrary. I heard once that "value" is determined what one party is willing to pay to another party when there is no pressure to buy or sell. Using that equation, God deems my soul quite valuable!

xnman

https://community.logos.com/discussion/comment/1149962#Comment_1149962

Selling rights is something that is done a lot in marketing. I know of swimming pools that do this, vacation resorts do this, etc. They sell you a "right" to use their product for a set length of time. And most of them, you have pay when you use their property.

In Logos, we are paying for the right to use their programming, to access books they allow us to use, to find "things" we want to use. In paying for the books, we are not actually buying an entity, we are buying the right to use that entity.

In each case, the swimming pool, the vacation resort and with Logos, that "right" is ours once we pay for it and as I recently found out in Logos, we can "will" that right to others when we pass on to another life.

So, we wrap up $5,000 - $40,00 in this right to use Logos. That right is worth whatever we think it is worth. To me, it is the right to use a "tool" to help me in the greatest work I have ever known.... understanding and building lessons from God's word.

I don't like high prices on anything.... but I sure do like having that "tool" (Logos) to help me!

mab

https://community.logos.com/discussion/comment/1150034#Comment_1150034

The value of Logos is in the time you spend studying what you have and using it for the glory of God. It's otherwise very nice but a price tag isn't much help. I would kind of like to know a total of what I spent and the rough retail value of it but if it doesn't goad me into more study, it won't help me.