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COGS means "cost of goods sold." It's an accounting term that companies use to calculate their expenses and profits.
If I take the example of an 80,000-word paperback novel that retails for $14.99, the cost of physical production is about $1.50. Paper and ink have never contributed much (percentage-wise) to the cover price of print books. Hence, removing that expense does little to reduce the overall cost of producing that book. This has ever been so.
The ebook value proposition problem
My youngest daughter asked for a Harry Potter boxed set for Christmas. As I wrapped the heavy, bulky package I kept wondering why she didn’t opt for the ebook collection instead. On Christmas morning I learned why: each title in the boxed set comes with a new cover. Actually, they were supposed...
Really? No COGS for an ebook?
Nothing could be farther from the truth. The cost of developing an ebook is exactly the same as for paper: Acquisitions, editing, design, marketing, and everything else.
The ebook value proposition problem
My youngest daughter asked for a Harry Potter boxed set for Christmas. As I wrapped the heavy, bulky package I kept wondering why she didn’t opt for the ebook collection instead. On Christmas morning I learned why: each title in the boxed set comes with a new cover. Actually, they were supposed...
Tim, you've sent out 20 queries? Any particular reason why you're being so selective?
Your Query Toolbox
I am into my fourth week of sending out queries. I have sent out more than twenty. So far I have received four rejections. The experience has not killed me. I have noticed some trends in the types of things agents ask to see as part of the query package. My tactic is to maintain a folder in my...
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Dec 4, 2012
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