Where Does Logos Get Thier Prices For Printed Titles?

James Hiddle
James Hiddle Member Posts: 792 ✭✭
edited November 2024 in English Forum

Do they go out,find prices for these printed books or are they based on something similar to the MSRP(Manufactures Suggested Retail Price)or how do they come up with those prices?

Just curious!

Comments

  • abondservant
    abondservant Member Posts: 4,798 ✭✭✭

    By throwing darts at a number board :)


    Just kidding. I'm curious as well - I suspect its an MSRP type pricing schema.

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  • Alexxy Olu
    Alexxy Olu Member Posts: 250 ✭✭

    Am curious to know too!

  • JC54
    JC54 Member Posts: 311 ✭✭

    Agreed, I would like to discover I can (more or less) trust these prices, because I do not now!

  • Mark Barnes
    Mark Barnes Member Posts: 15,432 ✭✭✭

    By and large they're the MSRP at the time the product was released. I do check them from time to time, and find them mostly reliable — although they'll often give the hardback price, even when a paperback is available. They don't really reflect what you'd pay, of course, as most print books are discounted by 20%-50%.

    This is my personal Faithlife account. On 1 March 2022, I started working for Faithlife, and have a new 'official' user account. Posts on this account shouldn't be taken as official Faithlife views!

  • Matthew C Jones
    Matthew C Jones Member Posts: 10,295 ✭✭✭

    I used to check them against Amazon. It appears to be Publisher's MSRP for hardbacks.

    Logos 7 Collectors Edition

  • abondservant
    abondservant Member Posts: 4,798 ✭✭✭

    I used to check them against Amazon. It appears to be Publisher's MSRP for hardbacks.

    Interesting, but not as funny as:

    By throwing darts at a number board :)

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  • James Hiddle
    James Hiddle Member Posts: 792 ✭✭

    I used to check them against Amazon. It appears to be Publisher's MSRP for hardbacks.

    Interesting, but not as funny as:

    By throwing darts at a number board :)

    I was thinking they play something like pin the tail on the donkey but instead they play pin the tail on the price [:D]

  • Dan Francis
    Dan Francis Member Posts: 5,336 ✭✭✭

    Well for all modern published books it would be the Hard Back MSRP, for older works it is hard to place because they end up being an educated guess. For when an item has not appeared in print for over a hundred years the original list price of say $2.50 would mean very little to us, when it might have meant the price of groceries for a family for a week when it was published. I have more than a few older volumes in my physical library and it is always quite quaint to see get this paperback for 25 cents or this hardcover book for 90 cents.

    -Dan

  • DMB
    DMB Member Posts: 14,633 ✭✭✭✭✭

    Dan, just adding to the discussion (and not trying to disagree), but one doesn't have to go back 100 years.   Even 25-30 years ago the comparable is often a fraction of the expected today (with a significant inflationary trend to connect the dots).

    Retailers uniformly have trouble with the honesty of comparables, since the customers sometimes expect honesty.  Having sat in marketing meetings, along with the usual consultants, the marketing folks (and the top executive usually) so dearly want to show 'value', forgetting that the customer is not stupid.

    I think the Logos re-treads are the most difficult, since Amazon, etc often offers print copies from the old books.   So presumably Logos has to make it up.  I don't blame them, because Logos is doing a far bigger service, reviving hard to find books from even 20-30 years ago.

    "If myth is ideology in narrative form, then scholarship is myth with footnotes." B. Lincolm 1999.

  • Brandon Rappuhn
    Brandon Rappuhn Member Posts: 113 ✭✭

    Most of you have the right idea: we match the publisher's SRP for modern books, and we go with hardback prices where it makes sense (assuming that the difference in price from hardback to paperback isn't measured in the $100s...). For public domain works, we hit up the internet and estimate what the most consistent lowest price is for facsimile reprints, print-on-demands, and old used copies (as if we were a seminary student or professor looking to purchase a reliable edition without paying too much money for it). And this is if it's even available--some volumes in our Classic Commentaries and Studies series aren't available for purchase or download anywhere, but are only available in libraries preserved in microfilm format or are rare books falling to pieces in their own binding. In that scenario, we guess how much a publisher or facsimile printer would sell the book for (most often, under $20, because they're usually not super technical). I suppose in that case we become the only retailer of that book, and so our price is its standard.

    The print price is supposed to be a fairly reliable standard with which you can measure our own prices for comparison. While it wouldn't match what you would find if you went to Amazon, B&N, and did your own competitive shopping, we want a solid, standard price that doesn't frequently change. Amazon's prices are changing every day, and other retailers (and even the publisher in many cases) have special sales and discounts on their books, which becomes too much information for us to be able to be on top of. (Remember, we have over 40,000 books here... and counting)

  • Dan Francis
    Dan Francis Member Posts: 5,336 ✭✭✭

    Thank you Brandon for the fuller explanation on Classic works. I have occasionally thought of some of Faithlife's classic work prices as being high (once out of community pricing), when one sees them sold in print for far less. But I am glad to hear how Faithlife arrives at it's prices and all in all seems quite reasonable.

    -Dan

  • Bruce Dunning
    Bruce Dunning MVP Posts: 11,163

    But I am glad to hear how Faithlife arrives at it's prices and all in all seems quite reasonable.

    [Y]

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

  • James Hiddle
    James Hiddle Member Posts: 792 ✭✭

    Thanks for answering Brandon. God Bless you always my Brother in Christ!

  • abondservant
    abondservant Member Posts: 4,798 ✭✭✭

    Most of you have the right idea: we match the publisher's SRP for modern books, and we go with hardback prices where it makes sense (assuming that the difference in price from hardback to paperback isn't measured in the $100s...). For public domain works, we hit up the internet and estimate what the most consistent lowest price is for facsimile reprints, print-on-demands, and old used copies (as if we were a seminary student or professor looking to purchase a reliable edition without paying too much money for it). And this is if it's even available--some volumes in our Classic Commentaries and Studies series aren't available for purchase or download anywhere, but are only available in libraries preserved in microfilm format or are rare books falling to pieces in their own binding. In that scenario, we guess how much a publisher or facsimile printer would sell the book for (most often, under $20, because they're usually not super technical). I suppose in that case we become the only retailer of that book, and so our price is its standard.

    The print price is supposed to be a fairly reliable standard with which you can measure our own prices for comparison. While it wouldn't match what you would find if you went to Amazon, B&N, and did your own competitive shopping, we want a solid, standard price that doesn't frequently change. Amazon's prices are changing every day, and other retailers (and even the publisher in many cases) have special sales and discounts on their books, which becomes too much information for us to be able to be on top of. (Remember, we have over 40,000 books here... and counting)

    Thats interesting - thanks!

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  • mab
    mab Member Posts: 3,078 ✭✭✭

    Pricing is probably the worst factor for buying anything. I know that money is often in short supply for students, ministers and missionaries. It is for me. If not for God's overwhelming generosity, I wouldn't have the library I do. 

    Logos is a good deal. I check prices carefully. Factor the cost of shipping and storage of all your books. There's no way I could even think of buying and having all the works I do in print form.

    The mind of man is the mill of God, not to grind chaff, but wheat. Thomas Manton | Study hard, for the well is deep, and our brains are shallow. Richard Baxter

  • abondservant
    abondservant Member Posts: 4,798 ✭✭✭

    Agreed Mab. I have a substantial print library and as a student I move back and forth between Florida and NC on a semi regular basis. My print library is to the point where I need to make a truck load all by it self just for the books (or as part of trips home to preach, and for holidays etc, many truck cab fulls).

    IE it costs me ~400$ a year just in transport costs for my library, not to mention the wear and tear on the books, and the hassle of putting them up on book shelves once they are in the same state as the books again. 

    With Logos I have nearly 10000 books on my computer/laptop which always travels with me any way. Can't imagine the difficulty involved in moving 10000 books any other way, not to mention that a number of the books in Logos are quite rare. 

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