Use Community Pricing to Build Your Logos Library

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If you want
to build your Logos library, Community Pricing is by far the best deal. It is a
cooperative effort where we work together to find the highest price that we
will pay that will cover the production costs of a new product. It’s primary
purpose is to get a product into production, not to determine a price related
to the product’s value. It involves how many of us there are and how much money
we have to contribute. The fair part of it, is that in the end we all pay the
same price.

Here are
some recent deals:

Classic
Commentaries on Genesis, 22 vols, shipped at $40 now selling at $199.95.

Classic
Commentaries on Galations, 24 vols, shipped at $40, now selling at $169.95

Great
Commentary of Cornelius A Lapide, 8 vols, shipped at $25, now selling at $139.95.

Great Texts
of the Bible, 20 vols, shipped at $30, now selling at $249.95.

These are
not even the best deals, but only recent ones that have shipped. If you miss
the Community Price, you will have to pay the fair price.

I have bids
on every Community Pricing item. My strategy is to pay the projected price
unless its over $50. In that case I bid $50 regardless of the product. This
currently amounts to about $2600, but spread over the period it takes for these
products to get funded and produced. If the bidding is closing and my bid is
failing, then I evaluate whether I’m willing to raise my bid to get the
product.

The
Community strategy fails when there is a group that really wants a product and
bids higher that most are willing to pay. This results in a stalemate if there
are not enough people willing to pay the high price. That’s what is happening
to the Classic Commentaries on Revelation which has a high and a low group and
neither group has enough people to meet the production cost. There are only 10
products currently in Community Pricing that are over $50. If more people get
interested in Community Pricing, we should be able to fund any product for
under $50 each.

Here are
some links to information on Community Pricing:

http://www.logos.com/products/search?Status=Community+Pricing

http://www.logos.com/communitypricing/about

http://blog.logos.com/2008/06/a_bidding_strategy_for_community_pricing/

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Comments

Randall Lind

So you can pre-buy cheap then after it ships prices go up? I am new at this and never understood how it worked.

Tom

https://community.logos.com/discussion/comment/349274#Comment_349274

So you can pre-buy cheap then after it ships prices go up?

You got it. [Y] CP is the way to Go. It locks in the Low Price[:D] After an item leaves CP it mores to PrePub (price increase), after being published there is another price increase.

So I have found CP is the best way, PrePub is the next best way and after that your best bet is to hope for a SALE on the item.

Michael A. Lasley

https://community.logos.com/discussion/comment/349274#Comment_349274

When bidding ends, they create an order for you at that price and then re-price the product as a pre-pub until it ships. When it ships they increase the price again to its regular price.

Philana Crouch

https://community.logos.com/discussion/comment/349274#Comment_349274

Actually after it leave community pricing and enters Pre-Publication the price goes up, then after it ships the price increases again. The nice thing is community pricing locks you into the cheaper price, but if when it ships (because in all fairness some items take so long a person's finances can legitimately change) you can cancel if needed. The best prices will be in community pricing.

BillS

https://community.logos.com/discussion/comment/349281#Comment_349281

CP is the best way, PrePub is the next best way and after that your best bet is to hope for a SALE on the item.

For some like me, CP is now the only way.

Tom

https://community.logos.com/discussion/comment/349299#Comment_349299

CP is the best way, PrePub is the next best way and after that your best bet is to hope for a SALE on the item.

For some like me, CP is now the only way.

You are NOT alone. [{] [C]

Matt Hamrick

https://community.logos.com/discussion/comment/349299#Comment_349299

[Y] Me also

Randall Lind

https://community.logos.com/discussion/comment/349322#Comment_349322

I am still lost. So I bid on a price how do I buy it?

Tom

https://community.logos.com/discussion/comment/349331#Comment_349331

I am still lost. So I bid on a price how do I buy it?

Randall, I will try to help you find your way through this mess.[;)]

CP is used to see if there is enough interest in the item for Logos to produce it. No strings attached. The low price is locked in. Takes a while.

PrePub is offered while Logos is actually working on producing the item. Still no strings attached. Takes a few months.

Pub is when the item is ready to be sold. This is when the money changes hands. [:D] The item is ready to download to your computer! Takes a few seconds.

Bill Anderson

https://community.logos.com/discussion/comment/349331#Comment_349331

I am still lost. So I bid on a price how do I buy it?

Randall,

All you have to do is bid on the product. If your bid on a product meets the established community pricing bid when the bid goes over the 100% mark to cover the costs of production, you don't have to do anything else to purchase the product. Logos will send you emails when the bidding closes and when they are about to charge your card when the product is ready to be shipped.

We need Mark Barnes to create a couple of community pricing videos demonstrating the process and explaining how it all works. [:)]

Michael

https://community.logos.com/discussion/comment/349339#Comment_349339

CP is pretty much the only way I buy books now, with the exception of the "free" books Logos is so gratious in making available. I thank the entire LOGOS team for both the CP and the free offerings. [Y]

Michael A. Lasley

https://community.logos.com/discussion/comment/349331#Comment_349331

Randall,

If you bid the projected price, you can be sure to get the product when bidding ends and it goes to Pre-pub. If you bid lower, you may not get it unless the projected price drops - which it generally does in the last couple of weeks. But whatever you bid, as long as it is over the final projected price, will get you the product at the same price that everyone pays. It just takes patience. There is no buy now price until it is out of Pre-pub and a regular product.

Edwin Bowden

https://community.logos.com/discussion/comment/349339#Comment_349339

I am still lost. So I bid on a price how do I buy it?

Randall, I will try to help you find your way through this mess.

CP is used to see if there is enough interest in the item for Logos to produce it. No strings attached. The low price is locked in. Takes a while.

PrePub is offered while Logos is actually working on producing the item. Still no strings attached. Takes a few months.

Pub is when the item is ready to be sold. This is when the money changes hands. The item is ready to download to your computer! Takes a few seconds.

If you see a title in CP or pre-pub that you think you would like to add to your library, place an order. You will be notified before it ships and can cancel at any time. That way you are always locked in to the lowest price.

If you don't act when they are in CP or pre-pub, you will pay more later.

Even the best sales Logos ever has are normally not as low as CP or pre-pub pricing.

If you can't afford the purchase when it is ready to release, you can cancel your order.

No risk.

Randall Lind

https://community.logos.com/discussion/comment/349358#Comment_349358

That was my next? Pre-pub vs quick buy what's the different? I see that on all pre-pub listing

Tom

https://community.logos.com/discussion/comment/349358#Comment_349358

Even the best sales Logos ever has are normally not as low as CP or pre-pub pricing.

This too has been my experience. [:(] Bid now and find a way to pay later. [:)]

Tom

https://community.logos.com/discussion/comment/349374#Comment_349374

That was my next? Pre-pub vs quick buy what's the different? I see that on all pre-pub listing

Just a few extra clicks checking out, gives you more time to NOT buy the item if you are feeling guilty about buying more books. [;)]

Rosie Perera

https://community.logos.com/discussion/comment/349374#Comment_349374

That was my next? Pre-pub vs quick buy what's the different? I see that on all pre-pub listing

Quick Buy is just a one-click way through the checkout process for pre-pubs. You still don't get charged on your credit card until the product ships, but you don't have to go through the confirming of your credit card details and stuff. It's equivalent to the "Buy Now with 1 Click" option on Amazon.com for pre-orders (they have that option even for things that have already shipped, whereas Logos only has the Quick Buy option for pre-pubs). Logos should probably rename its "Quick Buy" button to "Pre-order with 1 Click" as it causes no end of confusion.

Tom

https://community.logos.com/discussion/comment/349381#Comment_349381

Logos should probably rename its "Quick Buy" button to "Pre-order with 1 Click" as it causes no end of confusion.

[Y]

Todd Phillips

https://community.logos.com/discussion/comment/349383#Comment_349383

Logos should probably rename its "Quick Buy" button to "Pre-order with 1 Click" as it causes no end of confusion.

Right on. Though I think Amazon trademarked "1 Click".

Tom

https://community.logos.com/discussion/comment/349396#Comment_349396

Logos should probably rename its "Quick Buy" button to "Pre-order with 1 Click" as it causes no end of confusion.

Right on. Though I think Amazon trademarked "1 Click".

How about 1 Flick [;)] or 1 Klick [^o)]

Rosie Perera

https://community.logos.com/discussion/comment/349407#Comment_349407

Right on. Though I think Amazon trademarked "1 Click".

OK, then call it "Pre-order with one click"

If Amazon trademarked the "1 Click" name, I bet they also have a patent on the very concept of checking out in an e-commerce site without going through the whole shopping cart experience. Logos should beware. These things have a nasty habit of coming up to bite you down the road. A friend was just telling me the other day about Amazon (I think) having a patent on something so generic and obvious you'd be amazed it was patentable, having to do with Kindle (I think), can't remember what it was now. Something as simple as the idea of turning pages by sliding your finger from right to left, but that's not it.