Up To 82% Discount

https://community.logos.com/discussion/comment/989403#Comment_989403

Bruce Waltke's substantial (16 hour) OT300 Theology of the Old Testament course is close to crossing the Community Pricing line at both $150 and $100 bids price-points. Those figures represent savings of 73% and 82% respectively.

This is a great time to place a bid: you could get a $560 dollar course for a hundred bucks!

www.logos.com/product/149558/mobile-ed-ot300-old-testament-theology

One of the things I love most about Old Testament theology is how it opens up our understanding of New Testament theology.

It looks like OT300 is about to go into production at one price point or another, so please take this opportunity to click the link and consider if this product would be of value to you.

I'm unclear as to how this works when there are two different bid amounts that are each about to cross the line. Do they stand independently of one another? I.e., if there weren't any $150 bids, would the $100 bids all by themselves still be enough to be near moving the product into production? It seems to me it would have to work that way though I don't know that for sure.
If it does work that way--if they truly are independent of one another, would we now be better off if everyone who has a bid in at $150, changed their bid to $100, possibly pushing the product into production based on all the $100 bids alone?

Rob Lambert

Well, I just changed my bid from 150 to 100.... either way this is a very good opportunity and a more than fair price.

scooter

https://community.logos.com/discussion/comment/989403#Comment_989403

FL, please extend the bid possibilities to the left. Please add $: 60 70 80 90.

Kindly allow us the possibility of buying this important resource at Double Digit Dollars...or as this morphs into local currencies around the world.

Thank you.

Small Heath

https://community.logos.com/discussion/comment/989403#Comment_989403

I'm unclear as to how this works when there are two different bid amounts that are each about to cross the line. Do they stand independently of one another? I.e., if there weren't any $150 bids, would the $100 bids all by themselves still be enough to be near moving the product into production? It seems to me it would have to work that way though I don't know that for sure.

If it does work that way--if they truly are independent of one another, would we now be better off if everyone who has a bid in at $150, changed their bid to $100, possibly pushing the product into production based on all the $100 bids alone?

No, the $150 bidders are included in all the lower bids. If someone changes their bid from $150 to $100, the number of $150 bidders goes down by one and the number of $100 bidders stays the same. In order to go into production at $100, a bunch more new $100 bidders are needed.

https://community.logos.com/discussion/comment/989403#Comment_989403

Do they stand independently of one another?

A bid for $150 also counts as a bid for every lower price, but a bid for $100 wouldn't be a bid for $150. So $150 is independent of $100, but $100 is not independent of $150.

I.e., if there weren't any $150 bids, would the $100 bids all by themselves still be enough to be near moving the product into production?

No. If people who bid $150 removed their bids completely, the percentage for $100 would drop.

Here's an example. Suppose a course unrealistically cost $1500 to get into production. Let's look at 3 scenarios:

If ten people bid $150, it would be 100% funded at $150 (and 66% funded at $100).
If five people bid $150, it would be 50% funded at $150 (and 33% funded at $100).
If five people bid $150, and 10 other people bid $100, it would be 50% funded at $150, and 100% funded at $100.

So, we can see that bids for $150 move $150 (and $100) closer to the line, but bids for $100 only move $100 closer to the line.

we now be better off if everyone who has a bid in at $150, changed their bid to $100, possibly pushing the product into production based on all the $100 bids alone?

We would be better off because the price would be $100 instead of $150, but worse off for anyone who is in a hurry for it to close, because it requires 3/2 more bids to fund it at $100 than it does to fund it at $150.

If you don't mind waiting a little longer and want it for a lower price, you could lower your bid from $150 to $100. It would drop the $150 percentage (since there is one less bid at $150), but not increase the $100 percentage (since that $150 bid already counted as a $100 bid).

https://community.logos.com/discussion/comment/989409#Comment_989409

a bunch more new $100 bidders are needed

"A bunch more" makes it sound like a lot.

You'd need 50% more new bidders (which isn't necessarily a large number considering how close $150 is to being funded).

I'd rather get 45 new bidders at $100 (to benefit everyone -- lower price, plus a chance for the price to drop even further), rather than 30 new bidders at $150 (keeping it out of reach for some).

https://community.logos.com/discussion/comment/989407#Comment_989407

either way this is a very good opportunity and a more than fair price

[Y]

Lee

https://community.logos.com/discussion/comment/989417#Comment_989417

I'd rather get 45 new bidders at $100 (to benefit everyone -- lower price, plus a chance for the price to drop even further), rather than 30 new bidders at $150 (keeping it out of reach for some).

I bid $100. I hope I get it, but don't mind if I don't.

https://community.logos.com/discussion/comment/989419#Comment_989419

I'd rather get 45 new bidders at $100 (to benefit everyone -- lower price, plus a chance for the price to drop even further), rather than 30 new bidders at $150 (keeping it out of reach for some).

I bid $100. I hope I get it, but don't mind if I don't.

If anyone is concerned about that, you would have a week once it is "closing soon" to raise any unsuccessful bids (to ensure you get it).

Manuel Maria

https://community.logos.com/discussion/comment/989421#Comment_989421

One more $100 bid here.... Good luck!

https://community.logos.com/discussion/comment/989428#Comment_989428

One more $100 bid here.... Good luck!

[Y]

Matt Hamrick

Changed my bid to $100 and if it closes at $150 I can still get it.

DAL

https://community.logos.com/discussion/comment/989437#Comment_989437

Changed my bid to $100 and if it closes at $150 I can still get it.

No you can’t! If you bid $150 and it closes at $100 you’ll still get it, but not if you bid $100 and then it closes at $150. That‘s because your bid was too low in that case and since you were only willing to pay/bid $100 then you don’t get to buy it at $150 because it’s higher than what you were originally willing to pay.

In different words, FL is not going to sell you a CP item for a price higher than your bid, but they will sell it to you at a lower price if the item closes at any lower price than the one you were willing to pay. I hope this makes sense to you so you won’t miss out on this if you really want it. 👍😁👌

DAL

Wild Eagle

https://community.logos.com/discussion/comment/989451#Comment_989451

Changed my bid to $100 and if it closes at $150 I can still get it.

No you can’t! If you bid $150 and it closes at $100 you’ll still get it, but not if you bid $100 and then it closes at $150. That‘s because your bid was too low in that case and since you were only willing to pay/bid $100 then you don’t get to buy it at $150 because it’s higher than what you were originally willing to pay.

In different words, FL is not going to sell you a CP item for a price higher than your bid, but they will sell it to you at a lower price if the item closes at any lower price than the one you were willing to pay. I hope this makes sense to you so you won’t miss out on this if you really want it. 👍😁👌

DAL

I placed to $100 because I will still have chance to get $150. lets say that it reaches 100% at $150, I will still have chance to raise my price until the dead line.

https://community.logos.com/discussion/comment/989409#Comment_989409

Dale and Petah, thank you for the clarification.

I lowered my bid from $150 to $100 a couple of months ago. I think I'll leave it there for now and if it closes at $150, I'll consider whether or not to jump in at the higher price. As always, I'm eager to see the course move into production, but I'd also like to see it as a purchasing option for as many people as reasonably possible. To that purpose, I'd be content to wait a few more months if it would bring the price down to $100 or less, but if most/all the interested parties have already bid, then I'd just as soon see it cross the line at the projected price of $150 and move into production.

DAL

https://community.logos.com/discussion/comment/989453#Comment_989453

Changed my bid to $100 and if it closes at $150 I can still get it.

No you can’t! If you bid $150 and it closes at $100 you’ll still get it, but not if you bid $100 and then it closes at $150. That‘s because your bid was too low in that case and since you were only willing to pay/bid $100 then you don’t get to buy it at $150 because it’s higher than what you were originally willing to pay.

In different words, FL is not going to sell you a CP item for a price higher than your bid, but they will sell it to you at a lower price if the item closes at any lower price than the one you were willing to pay. I hope this makes sense to you so you won’t miss out on this if you really want it. 👍😁👌

DAL

I placed to $100 because I will still have chance to get $150. lets say that it reaches 100% at $150, I will still have chance to raise my price until the dead line.

That makes sense, but there’s a slight chance you might miss out on it if you’re not keeping an eye on it.

DAL

https://community.logos.com/discussion/comment/989464#Comment_989464

That makes sense, but there’s a slight chance you might miss out on it if you’re not keeping an eye on it.

I rely on a weekly reminder on my computer to check CP bids each Thursday night (since "closing soon" closes one week from Friday at noon FL time).

https://community.logos.com/discussion/comment/989466#Comment_989466

That makes sense, but there’s a slight chance you might miss out on it if you’re not keeping an eye on it.

I rely on a weekly reminder on my computer to check CP bids each Thursday night (since "closing soon" closes one week from Friday at noon FL time).

I thought that when every CP item crosses the line that Faithlife claims they will send emails to all the people who bid less than the bid amount at which the item crossed into production, giving those people an opportunity to increase their bids.

Keep Smiling 4 Jesus :)

https://community.logos.com/discussion/comment/989470#Comment_989470

...when every CP item crosses the line that Faithlife claims they will send emails to all the people who bid less than the bid amount at which the item crossed into production, giving those people an opportunity to increase their bids.

Thankful for Faithlife email about CP bid being too low, but sometimes email delivery takes some time (so also check web site periodically for community pricing progress)

Keep Smiling [:)]

Jan Pollok

https://community.logos.com/discussion/comment/989466#Comment_989466

Hi PetahChristian, How do you know on "Thursday night" that biding is "closing soon"? Where to look for that information?

https://community.logos.com/discussion/comment/989496#Comment_989496

How do you know on "Thursday night" that biding is "closing soon"? Where to look for that information?

The Community Pricing FAQ explains how it works:

"Once enough people have bid on a price to move the graph over the line, you will have one week to make sure your bid is at or above the winning price so you don’t miss out." <- That is the "closing soon" week. It doesn't necessarily happen on Thursday, it happens when the current price reaches 100% (crosses the line).

"Place your new bid before the product status changes to “Under Development” and enters the Pre-Pub program. Status changes occur on Fridays at noon (PST)." <- I check bids on Thursday night (to make sure they are successful), because "closing soon" items enter production one week from Friday.

$100 has definitely made progress in the last day!

Thanks to everyone who has shifted their bid from $150 to $100! It would be great to see this cross the line at $100!

(While $150 still represents a great value, that extra $50 savings is a big deal!)

https://community.logos.com/discussion/comment/989520#Comment_989520

$100 has definitely made progress in the last day! It would be great to see this cross the line at $100!

[Y]

scooter

https://community.logos.com/discussion/comment/989523#Comment_989523

$100 has definitely made progress in the last day! It would be great to see this cross the line at $100!

I would like to see this cross the line at 60-80 dollars !

Beloved Amodeo

https://community.logos.com/discussion/comment/989525#Comment_989525

[Y] Thankful for the progress. Is this the time for bidders at $150 to adjust their bids to $100?

David Carter

https://community.logos.com/discussion/comment/989563#Comment_989563

Thankful for the progress. Is this the time for bidders at $150 to adjust their bids to $100?

It probably is! I've just dropped my bid (again) this time from $150 to $100 - I was originally in at $220

Bruce Dunning

https://community.logos.com/discussion/comment/989566#Comment_989566

I've been watching this for a while but just decided now to jump in at $100. Hopefully this helps a bit and that the price will drop even more.

Matt Hamrick

https://community.logos.com/discussion/comment/989451#Comment_989451

Changed my bid to $100 and if it closes at $150 I can still get it.

No you can’t! If you bid $150 and it closes at $100 you’ll still get it, but not if you bid $100 and then it closes at $150. That‘s because your bid was too low in that case and since you were only willing to pay/bid $100 then you don’t get to buy it at $150 because it’s higher than what you were originally willing to pay.

In different words, FL is not going to sell you a CP item for a price higher than your bid, but they will sell it to you at a lower price if the item closes at any lower price than the one you were willing to pay. I hope this makes sense to you so you won’t miss out on this if you really want it. 👍😁👌

DAL

Yes I can, been here several times before and Faithlife always emails me with the courtesy my bid will fail and I should up my bid to the current price before the cp offering ends.

https://community.logos.com/discussion/comment/989575#Comment_989575

I've been watching this for a while but just decided now to jump in at $100. Hopefully this helps a bit and that the price will drop even more.

[Y]

https://community.logos.com/discussion/comment/989563#Comment_989563

Thankful for the progress. Is this the time for bidders at $150 to adjust their bids to $100?

I'm thinking the same thing. Based on earlier replies I received in this thread about pricing, I understand that a bid for $150 is also a bid for $100, but ...is it not also true that by shifting bids from $150 to $100, we decrease the odds of the bid process closing at $150 and increase the odds of it closing at $100?

I moved my bid from $150 to $100 a couple of months ago so I can't have any additional impact on the bidding, but if I understand the process correctly, it seems like a mass shifting of bids to $100 at this point would help increase the odds of it closing at $100 rather than $150.

https://community.logos.com/discussion/comment/989641#Comment_989641

is it not also true that by shifting bids from $150 to $100, we decrease the odds of the bid process closing at $150 and increase the odds of it closing at $100?

Yes, exactly.

Both bid percentages are incredibly close, and it would probably only take a few people lowering their bid from $150 (or higher), for $100 to become the new current price, even before it crosses the line.

if I understand the process correctly, it seems like a mass shifting of bids to $100 at this point would help increase the odds of it closing at $100 rather than $150.

Yes, that's true. There's also a second important factor which hasn't arisen yet.

Once $100 becomes the new current price, FL will likely lower the minimum bid, and people will have the opportunity to bid lower than $100.

The risk is that existing bidders would shift bids from $100, causing the $100 peak to drop below the $150 peak, making $150 the current price again.

We definitely don't want the price to go back up! So, the lower we can make the $150 peak now, the less likely it will become the current price again, once a new minimum opens up.

https://community.logos.com/discussion/comment/989643#Comment_989643

$100 and $150 bids are neck and neck, and it looks like either could cross the line very soon.

Dave Couch

https://community.logos.com/discussion/comment/989657#Comment_989657

Just changed mine to $100 too [:)]

Keep Smiling 4 Jesus :)

https://community.logos.com/discussion/comment/989643#Comment_989643

Once $100 becomes the new current price, FL will likely lower the minimum bid, and people will have the opportunity to bid lower than $100.

The risk is that existing bidders would shift bids from $100, causing the $100 peak to drop below the $150 peak, making $150 the current price again.

We definitely don't want the price to go back up! So, the lower we can make the $150 peak now, the less likely it will become the current price again, once a new minimum opens up.

Lowering closing price from $ 100 to $ 90 needs an increase of 11.1 % more community bids (could be $ 100 bids since lower amounts are automatically included). Lowering closing price from $ 100 to $ 80 needs 25 % more community bids. Personally would like to see $ 100 peak grow more before FL adds lower bid options. Seem to remember Community Pricing having automatic closing price reduction if enough additional bids are placed after closing (so 11.12 % increase of $ 100 bids results in $ 90 order amount for every bidder).

Lowering closing price from $ 150 to $ 100 needs 50 % more community bids, which has almost happened. Still need more $ 100 bids to lower price for every bidder plus cover all of the estimated cost for Mobile Ed: OT300 Old Testament Theology (16 hour course) creation.

For 16 hour course, a bid of $ 100 is $ 6.25 per hour (while $ 150 is $ 9.375 per hour).

Keep Smiling [:)]

Michel Pauw

https://community.logos.com/discussion/comment/989662#Comment_989662

Two questions:

1) will the final community price remain the same after the community pricing period? Or will the price go up later?

2) does anybody know if these Logos courses are accredited anywhere? Or are these courses self-education only?

Simon’s Brother

https://community.logos.com/discussion/comment/989735#Comment_989735

1) Price will go up.

2) Self education only

Two questions:

1) will the final community price remain the same after the community pricing period? Or will the price go up later?

2) does anybody know if these Logos courses are accredited anywhere? Or are these courses self-education only?

Beloved Amodeo

This is a great time to place a bid: you could get a $560 dollar course for a hundred bucks!

www.logos.com/product/149558/mobile-ed-ot300-old-testament-theology

bump

David Carter

https://community.logos.com/discussion/comment/989954#Comment_989954

I see the projected price has dropped to $100 now which should help

https://community.logos.com/discussion/comment/990090#Comment_990090

I see the projected price has dropped to $100 now which should help

Nice! Very happy that it's more affordable, as $150 was out of my price range.

Thanks again to everyone who made this possible, by lowering their bids to $100!

Jan Krohn

https://community.logos.com/discussion/comment/990093#Comment_990093

Now would be a good time to add more steps below $100.

I'm currently in at $100, but with L8 coming out this year, that's still out of my price range. For now I'll keep the bid, so that the projected price is not gonna jump up again, but I really wouldn't want to pay more than $70 for the course.

scooter

https://community.logos.com/discussion/comment/990094#Comment_990094

Now would be a good time to add more steps below $100.

I'm currently in at $100, but with L8 coming out this year, that's still out of my price range. For now I'll keep the bid, so that the projected price is not gonna jump up again, but I really wouldn't want to pay more than $70 for the course.

I agree, Jan. How about $60 ??????????????

Jan Krohn

https://community.logos.com/discussion/comment/990097#Comment_990097

I agree, Jan. How about $60 ??????????????

$60 ist not more than $70, so I'd be happy about that too.

Keith Pang

https://community.logos.com/discussion/comment/990099#Comment_990099

Faithlife please add lower bid options!

https://community.logos.com/discussion/comment/990094#Comment_990094

Lower bids are great! (Just please be careful not to let the $100 peak drop below $150, which might happen if people lower their bid from $100).

Hoping it will close at $70 or below to make it as affordable to as many people as possible! To do that, we need lots of new bidders, so please tweet or like the product page. This great deal will only get better and better, the lower it goes!

Keep Smiling 4 Jesus :)

https://community.logos.com/discussion/comment/990094#Comment_990094

Now would be a good time to add more steps below $100.

The $ 150 peak (progress) is still close to $ 100 so adding more bid steps below $ 100 allows existing $ 100 bidders to lower their bid, which could cause projected price return back to $ 150 until enough additional bids under $ 150 were placed.

I'm currently in at $100, but with L8 coming out this year, that's still out of my price range. For now I'll keep the bid, so that the projected price is not gonna jump up again, but I really wouldn't want to pay more than $70 for the course

Dropping projected price from $ 100 to $ 70 needs 42.86 % more bids. If all application users placed bids, projected price for every bidder would be substantially lower (probably under $ 10, possibly $ 1).

Keep Smiling [:)]

Kevin A Lewis

https://community.logos.com/discussion/comment/990142#Comment_990142

$100 - about time!

I think we should wait till it is moved into production and get the scale lowered then.

Shalom

NB.Mick

https://community.logos.com/discussion/comment/990201#Comment_990201

$100 - about time!

I think we should wait till it is moved into production and get the scale lowered then.

Shalom

?? After it's moved into production, there is nothing more to do re "lowering the scales" - in fact, it will then switch from CP to PrePub.

Maybe you meant, after the $100 price has passed the 100% line and the last week of closing the CP has been announced => maybe Faithlife will then put lower prices into the https://www.logos.com/product/149558/mobile-ed-ot300-old-testament-theology page, but given the additional percentages of buyers needed, I'm not so sure whether this gets enough traction to cross at $90 or $80. But I agree, first we need to get it past the 100% line at $100.