What is Community Pricing (CP)?
Community Pricing is a method Logos uses to help get public domain works into production, at a low cost to users. Here are the basics:
- Logos determines the cost of production to them.
- Logos sets increments that users can place "bids" on.
- Users decide how much they would be willing to pay for a resource.
- When enough users place a bid at any price point that covers the production cost, Logos announces that bidding will close.
- Other bidders can join in bidding up until bidding closes (which is on a Friday at noon, PST)
- The price can continue to go down up until closing, (if additional bidders bid to raise a lower price point to the production cost)
- A bid for a higher amount is also a bid for every lower price point (i.e. a bid for $20 is also a bid for $15).
- All "successful" bidders will receive the resource at the price at closing (i.e. a $20 bidder will receive it for the successful bid of $15.
- Successful bidders do not pay for the resource until it "ships." This can be many months! (Remember, at this stage, Logos is shooting to recover costs.)
- After bidding closes, the resource is available for "pre-pub" at a higher amount. When it "ships," the price goes up again.
Promo Video:http://www.logos.com/products/search?Status=Community+Pricing
Here is an example of what the bidding looks like. Notice that my bid of $35 is green, indicating that it is "winning." Also notice that $30 bidders are close to being included. NOTE: enough new bidders at ANY price point $30 and above will lower the price for all "successful" bidders. Current bidders lowering their bids to $30 will have no effect, with the exception that they might lose out on the bid.
